Weyerhaeuser Company · NYSE:WY
Weyerhaeuser — Q2 2006 Earnings Presentation
11 slides from Weyerhaeuser's earnings presentation, Jul 25, 2006
Slide 1: Earnings Release 2nd Quarter 2006
Earnings Release 2 Quarter — 2006 nd Weyerhaeuser Company July 25, 2006
Slide 2: Forward-looking Statement
Forward-looking Statement z This presentation contains statements concerning the company’s future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these forward-looking statements can be identified by the
Slide 3: Statements Relating to Non-GAAP Financial Measures
Statements Relating to Non-GAAP Financial Measures z During the course of this presentation, certain non-U.S. GAAP financial information will be presented. A reconciliation of those numbers to U.S. GAAP financial measures is included in this presentation which is available on the company’s website a
Slide 4: 2006 Q2 Earnings Summary
2006 Q2 Earnings Summary $ in Millions except EPS 2005 2006 Q1 Q2 Q3 Q4 Q1 Q2 Operating Earnings before Special Items Timberlands $ 203 $ 210 $ 191 $ 186 $ 198 $ 224 Wood Products 132 222 130 117 117 132 Cellulose Fiber & White Papers 19 16 20 (50) (17) 34 Containerboard, Packaging & Recycling 64 99
Slide 5: Diluted EPS Before Special Items
Diluted EPS Before Special Items A reconciliation to GAAP EPS is available at www.weyerhaeuser.com $2.00 $1.75 $1.50 $1.34 $1.25 $1.16 $1.03 $0.93 $0.94 $1.00 $0.75 $0.62 $0.50 $0.25 $0.00 Q1 Q2 Q3 Q4 Q1 Q2 DTP/3065 2006 Q2.ppt • 7/25/06 • 5 New York City
Slide 6: Earnings per Share Reconciliation
Earnings per Share Reconciliation 2005 2006 Q1 Q2 Q3 Q4 Q1 Q2 Diluted EPS before Special Items $ 1.03 $ 1.34 $ 0.93 $ 0.94 $ 0.62 $ 1.16 Charges for Closure of Facilities (0.02) (0.08) (1.78) (0.04) Gain on Sale of Assets 0.60 0.31 0.13 Litigation Charges (0.03) (0.05) (0.10) Loss on Early Extinguis
Slide 7: Earnings per Share Comparison Segment Breakdown — 2006 Q1 vs. 2006 Q2
Earnings per Share Comparison Segment Breakdown — 2006 Q1 vs. 2006 Q2 $ per Share Before Special Items* $1.50 0.18 (0.08) $1.25 1.16 0.20 $1.00 0.13 0.04 $0.75 0.62 0.07 $0.50 $0.25 $0.00 2006 Q1 Timberlands Wood Cellulose CBPR Corp & WRECO 2006 Q2 Before Special Products Fiber & Other Before Specia
Slide 8: Average Mill Net 3rd-Party Realizations — OSB and Lumber / Engineered Lumber
Average Mill Net 3rd-Party Realizations — OSB and Lumber / Engineered Lumber OSB and Lumber Engineered Lumber $/Thousand $/SWT 500 2600 Solid Section ($/CCF) 450 2400 433 439 Lumber ($/MBF) 2388 2395 2419 2401 408 407 406 2331 394 2200 400 2199 2000 350 OSB ($/M 3/8”) 1800 TJI’s ($/MLF) 300 317 1618
Slide 9: Average Mill Net 3rd-Party Realizations — Cellulose Fiber and Fine Paper
Average Mill Net 3rd-Party Realizations — Cellulose Fiber and Fine Paper Cellulose Fiber Fine Paper $/ADMT $/SWT 640 900 894 890 621 880 620 870 605 860 600 604 850 598 840 830 580 585 584 820 811 810 816 560 800 808 790 800 794 780 540 770 2005 Q1 2005 Q2 2005 Q3 2005 Q4 2006 Q1 2006 Q2 2005 Q1 200
Slide 10: Average Mill Net 3rd-Party Realizations — Containerboard and Packaging
Average Mill Net 3rd-Party Realizations — Containerboard and Packaging Containerboard Packaging (Box) $/Ton $/MSF 450 55.00 443 54.00 430 53.00 52.28 52.00 51.77 52.10 410 51.00 50.00 49.65 50.04 390 397 389 49.00 389 48.00 370 47.00 47.78 46.00 362 358 350 45.00 2005 Q1 2005 Q2 2005 Q3 2005 Q4 2006
Slide 11: Earnings per Share Comparison 2006 Q1 vs. 2006 Q2
Earnings per Share Comparison 2006 Q1 vs. 2006 Q2 $ per Share Before Special Items* $1.50 0.15 (0.08) $1.25 1.16 0.10 0.29 (0.04) $1.00 0.12 $0.75 0.62 $0.50 $0.25 $0.00 2006 Q1 Volume Price / Mix Mfg. Cost Variable & Misc. WRECO 2006 Q2 Before Special Stock Based Before Special Items Compensation I