Slide 1: Canfor Corporation and Canfor Pulp Products Inc. Quarter 1, 2023 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 1, 2023 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: Q1 2023 Review: Items Impacting Earnings Comparability
Canfor Corporation Q1 2023 Review: Items Impacting Earnings Comparability Q1 2023 Q4 2022 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net loss, as reported $ (142.0) $ (1.17) $ (207.9) $ (1.70) Non-operating items (after-tax, net of non-controlling interests)
Slide 4: Sales and Operating Earnings Summary
Canfor Corporation Sales and Operating Earnings Summary Q1 Q4 Variance (millions of dollars unless otherwise noted) 2023 2022 Gross sales $ 1,385.4 $ 1,373.3 $ 12.1 Reported operating loss by segment: Lumber $ (169.7) $ (199.5) $ 29.8 Pulp and Paper $ (25.2) $ (91.1) $ 65.9 Unallocated and Other $ (
Slide 5: Countervailing and Anti-Dumping Duty Summary
Canfor Corporation Countervailing and Anti-Dumping Duty Summary (millions of dollars) Q1 Q4 Variance Effective Duties by Quarter: 2023 2022 Cash deposits paid1 $ 9.8 $ 9.7 $ 0.1 Incremental duty expense attributable to current quarter2 $ 19.4 $ 22.8 $ (3.4) Effective duty expense, net, for the curre
Slide 6: Lumber: Q1 2023 vs. Q4 2022
Canfor Corporation Lumber: Q1 2023 vs. Q4 2022 Q1 Q4 Variance (millions of dollars unless otherwise noted) 2023 2022 Sales $ 1,142.1 $ 1,105.2 $ 36.9 Operating loss before amortization, asset write-down and $ (92.2) $ (30.6) $ (61.6) impairment Operating loss, as reported $ (169.7) $ (199.5) $ 29.8
Slide 7: Pulp: Q1 2023 vs. Q4 2022
Canfor Pulp Products Inc. Pulp: Q1 2023 vs. Q4 2022 Q1 Q4 Variance (millions of dollars unless otherwise noted) 2023 2022 Gross Sales $ 243.3 $ 268.1 $ (24.8) Reported operating income (loss) by segment: Pulp $ (24.4) $ (89.1) $ 64.7 Paper $ 3.3 $ 1.9 $ 1.4 Unallocated $ (4.1) $ (3.9) $ (0.2) Total