Slide 1: Quarter 2, 2022 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 2, 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: Q2 2022 Review: Items Impacting Earnings Comparability
Canfor Corporation Q2 2022 Review: Items Impacting Earnings Comparability Q2 2022 Q1 2022 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net income, as reported $ 373.8 $ 3.02 $ 534.0 $ 4.29 Non‐operating items (after‐tax, net of non‐controlling interests) Foreig
Slide 4: Sales and Operating Earnings Summary
Canfor Corporation Sales and Operating Earnings Summary Q2 Q1 Variance (millions of dollars unless otherwise noted) 2022 2022 Gross sales $ 2,171.7 $ 2,213.3 $ (41.6) Reported operating income (loss) by segment: Lumber $ 552.1 $ 783.0 $ (230.9) Pulp and Paper $ (8.1) $ (26.0) $ 17.9 Unallocated and
Slide 5: Countervailing and Anti-Dumping Duty Summary
Canfor Corporation Countervailing and Anti-Dumping Duty Summary (millions of dollars) Q2 Q1 Variance Effective Duties by Quarter: 2022 2022 Cash deposits paid1 $ 78.5 $ 88.6 $ (10.1) Incremental duty recovery2 $ (45.3) $ (50.7) $ 5.4 Effective duty expense, net, as reported3 $ 33.2 $ 37.9 $ (4.7) 1
Slide 6: Lumber: Q2 2022 vs. Q1 2022
Canfor Corporation Lumber: Q2 2022 vs. Q1 2022 Q2 Q1 Variance (millions of dollars unless otherwise noted) 2022 2022 Sales $ 1,884.3 $ 1,993.7 $ (109.4) Operating income before amortization, as reported $ 626.6 $ 851.3 $ (224.7) Operating income $ 552.1 $ 783.0 $ (230.9) Average Western SPF 2x4 #2&B
Slide 7: Pulp: Q2 2022 vs. Q1 2022
Canfor Pulp Products Inc. Pulp: Q2 2022 vs. Q1 2022 Q2 Q1 Variance (millions of dollars unless otherwise noted) 2022 2022 Gross Sales $ 287.5 $ 219.6 $ 67.9 Reported operating income (loss) by segment: Pulp $ (11.1) $ (29.3) $ 18.2 Paper $ 6.2 $ 6.0 $ 0.2 Unallocated $ (3.2) $ (2.7) $ (0.5) Total op