Slide 1: Quarter 1, 2022 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 1, 2022 Financial Performance Overview Presented by: Pat Elliott – CFO & SVP, Sustainability C A N F O R C O R P O R A T I O N
Slide 2: Forward-Looking Statements
Forward-Looking Statements The presentation and answers to questions today contain forward-looking statements which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements express
Slide 3: Q1 2022 Review: Items Impacting Earnings Comparability
Canfor Corporation Q1 2022 Review: Items Impacting Earnings Comparability Q1 2022 Q4 2021 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net income (loss), as reported $ 534.0 $ 4.29 $ (23.1) $ (0.19) Non-operating items (after-tax, net of non-controlling interes
Slide 4: Sales and Operating Earnings Summary
Canfor Corporation Sales and Operating Earnings Summary Q1 Q4 Variance (millions of dollars unless otherwise noted) 2022 2021 Gross sales $ 2,213.3 $ 1,571.3 $ 642.0 Reported operating income (loss) by segment: Lumber $ 783.0 $ 86.3 $ 696.7 Pulp and Paper $ (26.0) $ (137.2) $ 111.2 Unallocated and O
Slide 5: Countervailing and Anti-Dumping Duty Summary
Canfor Corporation Countervailing and Anti-Dumping Duty Summary (millions of dollars) Q1 Q4 Variance Effective Duties by Quarter: 2022 2021 Cash deposits paid1 $ 88.6 $ 26.4 $ 62.2 Incremental duty recovery, attributable to current quarter2 $ (50.7) $ (2.6) $ (48.1) Effective duty expense, net, for
Slide 6: Lumber: Q1 2022 vs. Q4 2021
Canfor Corporation Lumber: Q1 2022 vs. Q4 2021 Q1 Q4 Variance (millions of dollars unless otherwise noted) 2022 2021 Sales $ 1,993.7 $ 1,322.0 $ 671.7 Operating income before amortization and impairment, as reported $ 851.3 $ 356.8 $ 494.5 Operating income, as reported $ 783.0 $ 86.3 $ 696.7 Adjuste
Slide 7: Pulp: Q1 2022 vs. Q4 2021
Canfor Pulp Products Inc. Pulp: Q1 2022 vs. Q4 2021 Q1 Q4 Variance (millions of dollars unless otherwise noted) 2022 2021 Gross Sales $ 219.6 $ 249.3 $ (29.7) Reported operating income (loss) by segment: Pulp $ (29.3) $ (135.2) $ 105.9 Paper $ 6.0 $ 1.7 $ 4.3 Unallocated $ (2.7) $ (3.7) $ 1.0 Total