Greenfirst Forest Products Inc · TSX:GFP
Greenfirst Forest Products — Q2 2024 Earnings Presentation
20 slides from Greenfirst Forest Products's earnings presentation, Aug 13, 2024
Slide 1: Q2 2024 Investor Presentation
Q2 2024 Investor Presentation August 13, 2024
Slide 2: Legal Disclaimer
Legal Disclaimer 2 This Presentation is being provided to you by GreenFirst Forest Products Inc. (“GreenFirst” or the “Company”) for informational purposes only. Cautionary Note Regarding Forward-Looking Information This Presentation includes information, statements, beliefs and opinions which are f
Slide 3: Overview
Overview Paul Rivett, Executive Chair & Director
Slide 4: Highlights
Highlights 4 High operational focus and executing on standalone lumber and paper structures Kap Paper spin-out planned to be completed by Q4 2024 Province of Ontario term loan for Kap Paper Improvements in paper production; lumber pricing continues to impact business Positive indicators in
Slide 5: Lumber Pricing Random Lengths (Great Lakes)
Lumber Pricing Random Lengths (Great Lakes) 5
Slide 6: US Housing Starts Forecast
US Housing Starts Forecast 6 Source: FEA
Slide 7: Financial Summary
7 Financial Summary Ankit Kapoor, Interim CFO
Slide 8: Profit and Loss Breakdown – Q2'24
Profit and Loss Breakdown – Q2’24 8 Q2'24 (in $000's) Net Sales 94,377 Cost of Sales (exclud. depreciation) (99,104) Duties (3,436) Other operating income 595 EBITDA = (12,104) Selling, general and administrative expenses (4,535) Finance costs, net (1,101) Depreciation (4,175) Gain on revaluation of
Slide 9: Q2'24 Financial Comparison
Q2’24 Financial Comparison 9 1Adjusted EBITDA is a Non-GAAP measure and does not have standardized meaning under GAAP or IFRS. As a result, it may not be comparable to information presented by other companies. For an explanation and reconciliation of Adjusted EBITDA to related comparable financial i
Slide 10: Operations - Lumber
10 Operations - Lumber Joel Fournier, CEO GreenFirst
Slide 11: Tough Markets But Focus Remains On Operations
Tough Markets But Focus Remains On Operations 11 Pressure from lumber markets Accelerate scheduled downtime to balance market conditions Credit facility, Kap Term Loan, Kenora property provide liquidity Sustained positive performance carried over from Q1 into Q2 Manufacturing costs continu
Slide 12: Non-Core Assets
Non-Core Assets 12 The company has the following non-core land assets that can be monetized: 1,100 acres of private lands around Kapuskasing 1,100 acres of private lands around Timmins (closed in Q2) 118-acre parcel of prime Lake-of-the-woods waterfront property in Kenora
Slide 13: Long-term Trends
Long-term Trends 13 Permanent BC interior shutdowns and steadily rising costs Historic SPF lumber prices have averaged: US$425 over 10 years US$525 over 5 years US$575 over 3 years US$675 over 2 years Record levels of immigration in Canada Housing deficit in North America US demogr
Slide 14: Lumber Operations
Lumber Operations 14 Quarter Year-to-date
Slide 15: Operations - Paper
15 Operations - Paper Terry Skiffington, CEO Kap Paper
Slide 16: Paper mill Overview
Paper mill Overview 16 Signs of improved market conditions and pricing Improvement from Q1 operational challenges; continued focus to stabilize mill Uptick in North American demand seen recently Goal to attain EBITDA positive operations Working with all levels of government on the long-ter
Slide 17: Paper Mill Operations
Paper Mill Operations 17 Quarter Year-to-date
Slide 18: Sustainability
18 Sustainability Joel Fournier, CEO GreenFirst
Slide 19: Deeply Committed to Sustainability
Deeply Committed to Sustainability 19 GreenFirst is dedicated to maintaining high standards of sustainability across our business practices Wood stores carbon and is the only renewable major building material Green Lumber building materials require less energy to produce and transport than Advan
Slide 20: Thank You
PRODUITS FORESTIERS GREENFIRST oo FOREST PRODUCTS (@™ GREENFIRST FoREST PRODUCTS
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