Canfor Corporation · TSX:CFP
Canfor — Q4 2019 Earnings Presentation
7 slides from Canfor's earnings presentation, Feb 21, 2020
Slide 1: Quarter 4, 2019 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 4, 2019 Financial Performance Overview Presented by: Alan Nicholl – CFO & Executive VP, Finance & Canfor Pulp Operations 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: Q4 2019 Review: Items Impacting Earnings (Loss) Comparability
Canfor Corporation Q4 2019 Review: Items Impacting Earnings (Loss) Comparability Q4 2019 Q3 2019 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net loss, as reported $ (39.1) $ (0.31) $ (88.5) $ (0.71) Non-operating items (after-tax, net of non-controlling intere
Slide 4: Sales and Operating Earnings (Loss) Summary
Canfor Corporation Sales and Operating Earnings (Loss) Summary Q4 Q3 Variance (millions of dollars unless otherwise noted) 2019 2019 Gross sales $ 1,105.2 $ 1,091.4 $ 13.8 Reported operating loss by segment: Lumber $ (27.5) $ (66.5) $ 39.0 Pulp and Paper $ (23.5) $ (44.0) $ 20.5 Unallocated and Othe
Slide 5: Countervailing and Anti-Dumping Duty Summary
Canfor Corporation Countervailing and Anti-Dumping Duty Summary (millions of dollars) Q4 Q3 Variance Effective Duties by Quarter: 2019 2019 Cash deposits paid1 $ 33.2 $ 33.7 $ (0.5) Incremental duty expense, attributable to current quarter 2 $ 10.5 $ 12.2 $ (1.7) Effective duty expense, net, for the
Slide 6: Lumber: Q4 2019 vs. Q3 2019
Canfor Corporation Q4 2019 vs. Q3 2019 Q4 Q3 Variance (millions of dollars unless otherwise noted) 2019 2019 Sales $ 857.8 $ 874.6 $ (16.8) Operating income before amortization, as reported $ 43.7 $ 2.5 $ 41.2 Operating loss, as reported $ (27.5) $ (66.5) $ 39.0 Operating income (loss), as adjusted
Slide 7: Canfor Pulp Products: Q4 2019 vs. Q3 2019 and Sales and Operating Earnings Summary
Canfor Pulp Products Inc. Q4 2019 vs. Q3 2019 and Sales and Operating Earnings (Loss) Summary Q4 Q3 Variance (millions of dollars unless otherwise noted) 2019 2019 Gross Sales $ 247.5 $ 216.9 $ 30.6 Reported operating income (loss) by segment: Pulp $ (26.8) $ (45.5) $ 18.7 Paper $ 5.0 $ 3.9 $ 1.1 Un