Slide 1: Quarter 2, 2021 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 2, 2021 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: Q2 2021 Review: Items Impacting Earnings Comparability
Canfor Corporation Q2 2021 Review: Items Impacting Earnings Comparability Q2 2021 Q1 2021 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net income, as reported $ 726.9 $ 5.81 $ 427.8 $ 3.42 Non‐operating items (after‐tax, net of non‐controlling interests) Foreig
Slide 4: Sales and Operating Earnings Summary
Canfor Corporation Sales and Operating Earnings Summary Q2 Q1 Variance (millions of dollars unless otherwise noted) 2021 2021 Gross sales $ 2,495.2 $ 1,941.8 $ 553.4 Reported operating income (loss) by segment: Lumber $ 1,000.5 $ 606.7 $ 393.8 Pulp and Paper $ 51.0 $ 4.9 $ 46.1 Unallocated and Other
Slide 5: Countervailing and Anti-Dumping Duty Summary
Canfor Corporation Countervailing and Anti-Dumping Duty Summary (millions of dollars) Q2 Q1 Variance Effective Duties by Quarter: 2021 2021 Cash deposits paid1 $ 30.0 $ 20.7 $ 9.3 Incremental duty expense, attributable to current quarter2 $ 6.4 $ 10.4 $ (4.0) 3 Effective duty expense, net, for the c
Slide 6: Lumber: Q2 2021 vs. Q1 2021
Canfor Corporation Lumber: Q2 2021 vs. Q1 2021 Q2 Q1 Variance (millions of dollars unless otherwise noted) 2021 2021 Sales $ 2,161.1 $ 1,679.5 $ 481.6 Operating income before amortization, as reported $ 1,071.6 $ 679.7 $ 391.9 Operating income, as reported $ 1,000.5 $ 606.7 $ 393.8 Average Western S
Slide 7: Pulp: Q2 2021 vs. Q1 2021
Canfor Pulp Products Inc. Pulp: Q2 2021 vs. Q1 2021 Q2 Q1 Variance (millions of dollars unless otherwise noted) 2021 2021 Gross Sales $ 334.1 $ 262.3 $ 71.8 Reported operating income (loss) by segment: Pulp $ 53.6 $ 3.7 $ 49.9 Paper $ 0.9 $ 4.2 $ (3.3) Unallocated $ (3.5) $ (3.0) $ (0.5) Total opera