Canfor Corporation · TSX:CFP
Canfor — Canfor Pulp Products — Shareholder Meeting (May 2022)
17 slides from Canfor's shareholder meeting presentation, May 3, 2022
Slide 1: Annual General Meeting
Annual General Meeting MAY 3, 2022 | 11:00 AM PACIFIC Canfor Pulp
Slide 2: Polls Open
Polls Open If you haven’t already cast your vote online or by proxy, please cast your vote now. 2
Slide 3: Polls Closed
Polls Closed The polls on the resolutions are now closed. 3
Slide 4: Welcome
Welcome Today’s meeting is being hosted from the unceded territory of the Coast Salish peoples, including the territories of the Musqueam, Squamish, and Tsleil-Waututh Nations 4
Slide 5: The Pulp Team
The Pulp Team 5
Slide 6: 2021 Financial Overview
2021 Financial Overview Operating Income $32 million Net income of 38 cents per share Before adjusted items 6
Slide 7: 2021 Pulp Markets
2021 Pulp Markets Canfor Pulp had improved results in 2021 due to strengthening global pulp markets in the first half of the year 7
Slide 8: 2021 Pulp Operations
2021 Pulp Operations Production curtailments were taken at Northwood and Taylor In December, we began a major rebuild of Northwood’s number one recovery boiler to ensure its safe and reliable operation 8
Slide 9: Impairment Tests
Impairment Tests Canfor Pulp performed an impairment test in 2021 This resulted in a $95 million impairment charge that reflects the right-sizing of our balance sheet due to the reduced availability of economic fibre in BC 9
Slide 10: Balance Sheet and Liquidity
Balance Sheet and Liquidity At the end of 2021 Canfor Pulp had $170 million of available liquidity 10
Slide 11: Q1 2022 Financial Results
Q1 2022 Financial Results Operating Loss $26 million Before adjusted items 11
Slide 12: Canfor Pulp President & CEO
Canfor Pulp President & CEO Kevin Edgson In April Kevin Edgson joined Canfor Pulp President and CEO, as President and CEO Canfor Pulp 12
Slide 13: 2022 Pulp and Paper Outlook
2022 Pulp and Paper Outlook Global softwood kraft pulp markets are projected to remain strong through Q2 2022 Bleached kraft paper markets are projected to show continued strength through Q2 2022 13
Slide 14: Supply Chain
Supply Chain The global supply chain crisis, which began at the outset of the COVID-19 pandemic, increasingly impacted our business in 2021 14
Slide 15: Sustainability
Sustainability At the end of a product's life, the biogenic carbon goes back into the atmosphere to cycle through the carbon process again We use every part of the tree that ~~ ~~ is brought into the manufacturing —* 4 . facility to create lumber, pulp, 7 Carbon trom the atmosphere is sawdust, shavi
Slide 16: Our People
Our People We have an amazing group of employees who are dedicated, resilient and committed 16
Slide 17: Thank you
Thank you Canfor Pulp
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