Slide 1: Canfor Corporation and Canfor Pulp Products Inc. Quarter 3, 2022 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 3, 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: Q3 2022 Review: Items Impacting Earnings Comparability
Canfor Corporation Q3 2022 Review: Items Impacting Earnings Comparability Q3 2022 Q2 2022 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net income, as reported $ 87.4 $ 0.71 $ 373.8 $ 3.02 Non-operating items (after-tax, net of non-controlling interests) Foreign
Slide 4: Sales and Operating Earnings Summary
Canfor Corporation Sales and Operating Earnings Summary Q3 Q2 Variance (millions of dollars unless otherwise noted) 2022 2022 Gross sales $ 1,666.4 $ 2,173.1 $ (506.7) Reported operating income (loss) by segment: Lumber $ 101.6 $ 552.1 $ (450.5) Pulp and Paper $ 19.2 $ (8.1) $ 27.3 Unallocated and O
Slide 5: Countervailing and Anti-Dumping Duty Summary
Canfor Corporation Countervailing and Anti-Dumping Duty Summary (millions of dollars) Q3 Q2 Variance Effective Duties by Quarter: 2022 2022 Cash deposits paid1 $ 28.6 $ 78.5 $ (49.9) Incremental duty recovery attributable to current quarter2 $ (8.0) $ (45.3) $ 37.3 Effective duty expense, net, for t
Slide 6: Lumber: Q3 2022 vs. Q2 2022
Canfor Corporation Lumber: Q3 2022 vs. Q2 2022 Q3 Q2 Variance (millions of dollars unless otherwise noted) 2022 2022 Sales $ 1,358.1 $ 1,884.3 $ (526.2) Operating income before amortization, as reported $ 176.6 $ 626.6 $ (450.0) Operating income, as reported $ 101.6 $ 552.1 $ (450.5) Inventory write
Slide 7: Pulp: Q3 2022 vs. Q2 2022
Canfor Pulp Products Inc. Pulp: Q3 2022 vs. Q2 2022 Q3 Q2 Variance (millions of dollars unless otherwise noted) 2022 2022 Gross Sales $ 308.3 $ 288.8 $ 19.5 Reported operating income (loss) by segment: Pulp $ 18.6 $ (11.1) $ 29.7 Paper $ 4.1 $ 6.2 $ (2.1) Unallocated $ (3.5) $ (3.2) $ (0.3) Total op