Conifex Timber Inc. · TSX:CFF
Conifex Timber — Investor Presentation (May 2021)
12 slides from Conifex Timber's investor presentation, May 2021
Slide 1: Corporate Presentation 1st Quarter, 2021
CORPORATE PRESENTATION 1st Quarter, 2021 May 2021
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION 2 Cautionary Statement Regarding Forward-Looking Information Certain statements in this presentation may constitute "forward-looking information" or "forward-looking statements" which involve known and unknown risks, uncertainties and other factors which may cause the act
Slide 3: Operations and Finance in Brief
OPERATIONS AND FINANCE IN BRIEF 3 • A public forestry company operating a sawmill complex and biomass power plant in Mackenzie, BC. • As at March 31, 2021, we reported o Unrestricted cash balances exceeding $6 million o An ABL facility with $10 million of undrawn availability primarily supported by
Slide 4: Power Generation
POWER GENERATION 4 • Capacity is in excess of 230 gigawatt hours (“GWh”) of electricity per year, of which 200 GWh is sold under a fixed price contract to BC Hydro and 30 GWh is for internal consumption. • Electricity purchase agreement (EPA) and a related load displacement agreement (LDA) have been
Slide 5: Lumber Manufacturing
LUMBER MANUFACTURING 5 • Operate a two-line sawmill complex equipped to handle large- and small-diameter logs with approximately 240 million board feet of lumber capacity on a two-shift annual basis. • Our main products are spruce, pine, fir (SPF) dimension lumber ranging in size from 2x4 to 2x10 in
Slide 6: Fibre, Residuals and People
FIBRE, RESIDUALS AND PEOPLE 6 • Our fiber sourcing includes access to a forest licence in the Mackenzie Timber Supply Area (TSA) with an allowable annual cut (AAC) of 632,500 cubic metres, and a 50% interest in a forest licence with an AAC of 300,000 cubic metres. • Since fibre is the single largest
Slide 7: Alignment with Stakeholder Objectives
ALIGNMENT WITH STAKEHOLDER OBJECTIVES 7 • The federal government has prioritized climate action and Indigenous reconciliation. The province of BC has similar priorities. Conifex is doing its part to help government achieve their objectives. • Since our inception as a public company, we have abided b
Slide 8: Responsible ESG Practices
RESPONSIBLE ESG PRACTICES 8 ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) CONSIDERATIONS https://www.conifex.com/sustainability/
Slide 9: Select Operating and Financial Information
SELECT OPERATING AND FINANCIAL INFORMATION 9 Continuing operations for the comparative periods primarily comprise operating results from our Mackenzie sawmill and power plant, and corporate costs. Selected Operating and Financial Information (1) In millions of dollars, unless otherwise noted Q1 2021
Slide 10: Selected Financial Position Information
SELECTED FINANCIAL POSITION INFORMATION 10 Selected Financial Position Information In millions of dollars, unless otherwise noted Q1 2021 Q4 2020 Q1 2020 Cash 6.4 11.2 12.1 Cash - Restricted 5.6 3.6 6.5 Operating Working Capital(1) 23.1 14.7 8.8 Liquidity 16.4 21.2 12.1 Net Current Assets 30.7 25.0
Slide 11: Outlook for 2021
OUTLOOK FOR 2021 11 We anticipate power production will be maintained at targeted rates and receipt of proceeds from settlement of our business interruption insurance claim • Second Quarter Outlook for Lumber o Production should be in line with Q1 o Shipments should exceed production as rail car ava
Slide 12: Conifex Leadership Team
CONIFEX LEADERSHIP TEAM 12 Ken Shields, Chairman Winny Tang, CFO Andrew McLellan, VP/GM Kristen Stinson, VP/GM & CEO Northern Operations Corporate Services For further Information, please contact: Investor Relations Communications & Public Affairs Winny Tang Kristen Stinson Chief Financial Officer V