Greenfirst Forest Products Inc · TSX:GFP
Greenfirst Forest Products — Investor Presentation (December 2021)
17 slides from Greenfirst Forest Products's investor presentation, Dec 2, 2021
Slide 1: Committed to Sustainable Forestry
Committed to Sustainable Forestry Investor Presentation December 2, 2021
Slide 2: Strong Team with Forestry Expertise
Strong Team with Forestry Expertise 2 Paul Rivett Rick Doman Michel Lessard Mike Liggett Chairman of the Board CEO & Director President Chief Financial Officer Vice President, Forestry Mathieu Brière Vice President, Sales and Marketing Darren Ethier Operations André Ouimette Vice President, Operatio
Slide 3: Legal Disclaimer
Legal Disclaimer 3 Important: You Must Read the Following Before Continuing This Presentation is being provided to you by GreenFirst Forest Products Inc. (“GreenFirst” or the “ Company ”) for informational purposes only. are beyond the Company’s control and the effects of which can be difficult to p
Slide 4: One of the Top Lumber Producers in Canada
One of the Top Lumber Producers in Canada1 4 § GreenFirst began operating as a forest products business on August 28, 2021, with the acquisition of assets (“the Assets”) from certain Canadian subsidiaries of Rayonier Advanced Materials Inc (“the Acquisition”) § With a renewed focus and incremental i
Slide 5: Annual Lumber Production Capacity of 905MMfbm
Annual Lumber Production Capacity of 905MMfbm 5 Annual Production Sawmills Capacity (Mfbm) Ontario 100% Canadian Chapleau 135,000 Cochrane 160,000 Hearst 110,000 Kapuskasing 105,000 Kenora1 150,000 Québec Total - Ontario 660,000 Québec Ontario La Sarre 135,000 Kapuskasing Béarn 110,000 Hearst Total
Slide 6: Positive Changes For a Bright Future
Positive Changes For a Bright Future 6 The history of the Assets purchased spans over a 100 years. The recent Acquisition brings positive monumental changes. § Welcomed change § Long-term wood chip agreement § Making forest products the core business § Incorporate ESG into every aspect of the busine
Slide 7: Access to Large Wood Baskets in ON and QC
Access to Large Wood Baskets in ON and QC 7 Forest Management Regions The mills are located in rich wood baskets and have licenses that provide long- term access to ~3.7M m3 of fiber from Ontario SFLs and Quebec Wood Supply Guaranties. Fiber supply licenses support our business plan to increase name
Slide 8: Fully Integrating ESG
Fully Integrating ESG 8 GreenFirst Forest Products is committed to maintaining and implementing ever-higher standards of sustainability across its business. GreenFirst produces quality lumber and paper products in a safe and responsible manner to protect our employees and PURPOSE environment, create
Slide 9: Building on GreenFirst's Px4 Values
Building on GreenFirst's Px4 Values 9 PEOPLE PRINCIPES Welcome people from all backgrounds Be a company run by proper governance, and endeavour to have a positive impact driven by quality reputation and reflective on our employees and stakeholders. value. PLANET PROGRESS Have a minimal footprint on
Slide 10: Drivers of Profitability and Cash Flow
Drivers of Profitability and Cash Flow 10 Lowering Sawmill Softwood Operating Costs Lumber Prices Lumber Duties and Efficiencies Start Up Second Foreign Machine at Safety Exchange/ Paper Mill Energy Costs LUMBER PRICES § Looking forward, we expect North American lumber prices to continue to be volat
Slide 11: Significant Growth Opportunities
Significant Growth Opportunities 11 Short-Term Long-Term Within 18 months Between 18 and 36 months Expected Mill Optimization Capacity Expansion and Timeframe Prudent Acquisitions Non-capital and/or Capital-intensive projects Expected Capital capital-light projects with with longer time horizons Req
Slide 12: Oompany
Oompany rated its newly assets for eeks
Slide 13: Rayonier Asset Acquisition
Rayonier Asset Acquisition 13 Purchase price consideration (prices in $’000’s) Cash $245,062 Common Shares of the Company 54,214 Indebtedness and estimated final adjustment balances 2,563 Total Consideration $301,839 Preliminary fair value of net assets acquired: August 28, 2021 Inventory $98,935 Pr
Slide 14: Recent Financing Transactions
Recent Financing Transactions 14 Rights Offering § On July 9, 2021, GreenFirst initiated a Rights Offering § On July 30, 2021, the Rights Offering was fully subscribed and on closing, GreenFirst issued 111,665,880 subscription receipts for gross proceeds of $167.5 million Senior Secured Term Credit
Slide 15: Strong Balance Sheet
Strong Balance Sheet 15 The Company’s objectives when managing capital are to maintain a strong financial position and to Share Capital Increased by continuously improve its cost structure to $216M maintain liquidity throughout commodity price cycles and to support access to additional capital for e
Slide 16: 4 Weeks of Operating the Rayonier Assets
4 Weeks of Operating the Rayonier Assets 16 (prices in $’000’s) Three months ended Nine months ended September 25, September 30, September 25, September 30, 2021 2020 2021 2020 $ $ $ $ Net sales $28,928 $- $28,928 $- Expenses Manufacturing and production (31,082) - (31,082) Selling, general and admi
Slide 17: Ownership Alignment
Ownership Alignment 17 COMMITMENT TO INVEST IN GREENFIRST Common Shares currently owned: Paul Rivett, Chairman 5,682,667 Rick Doman, CEO & Director 6,682,667 Larry Swets, Director 5,360,281 17,725,615 (9.98%) Commitment to continue to invest in GreenFirst Common Shares with majority of after-tax dol
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