Canfor Corporation · TSX:CFP

Canfor — Q4 2010 Earnings Presentation

7 slides from Canfor's earnings presentation, February 2011

  1. Slide 1: Quarter 4, 2010 Financial Performance Overview

    Quarter 4, 2010 Financial Performance Overview Presented by: Tom Sitar, Vice President, Finance & CFO

  2. 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 expressed

  3. Slide 3: Net income as reported to net income as adjusted

    Q4 2010 Q3 2010 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Net income, as reported $ 54.9 $ 33.5 Less: Non-controlling interests $ 24.2 $ 27.9 Net income attributable to equity shareholders of the Company $ 30.7 $ 0.21 $ 5.6 $ 0.04 Non-operating / unusual items (after-ta

  4. Slide 4: Gross sales and EBITDA by segment

    Q4 Q3 Variance (millions of dollars unless otherwise noted) 2010 2010 Gross Sales $ 629.1 $ 588.7 $ 40.4 EBITDA by segment: Lumber $ 22.1 $ 4.8 $ 17.3 Pulp & Paper $ 62.6 $ 65.0 $ (2.4) Unallocated and other $ (5.7) $ (3.8) $ (1.9) Total EBITDA $ 79.0 $ 66.0 $ 13.0 Inventory adjustments (logs and fi

  5. Slide 5: History of Lumber Prices (CDN$) and U.S. Housing Starts

    History of Lumber Prices (CDN$) and U.S. Housing Starts CDN$ LUMBER PRICES AND U.S. HOUSING STARTS COMPARISON U.S. Housing Starts SAAR (Thousand Units) Western SPF #2&Btr (CDN$/Mfbm] 2,400 $600 2,200 $550 2,000 ? $500 1,800 # $450 1,600 ae $400 1,400 ‘ $350 1,200 $300 1,000 $250 800 $200 600 $150 40

  6. Slide 6: Lumber segment results Q4 vs Q3 2010

    Q4 Q3 Variance (millions of dollars unless otherwise noted) 2010 2010 Sales $ 318.0 $ 308.3 $ 9.7 EBITDA, as reported $ 22.1 $ 4.8 $ 17.3 Total (positive) negative impact from inventory valuation adjustments (logs and finished products) $ (0.7) $ (0.5) $ (0.2) Clear Lake permanent closure provision

  7. Slide 7: Pulp segment results Q4 vs Q3 2010

    Q4 Q3 Variance (millions of dollars unless otherwise noted) 2010 2010 Sales $ 300.8 $ 269.0 $ 31.8 EBITDA, as reported $ 62.6 $ 65.0 $ (2.4) Average NBSK pulp list price delivered to U.S. - US$ $ 967 $ 1,000 $ (33) Average NBSK pulp list price delivered to U.S. - CDN$ $ 980 $ 1,040 $ (60) Production

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