West Fraser Timber — Q3 2011 Earnings Presentation

5 slides from West Fraser Timber's earnings presentation, Oct 25, 2011

Slide 1: Third Quarter 2011 Results
Third Quarter 2011 Results October 25, 2011
Slide 2: Forward-Looking Statements, EBITDA and Benchmark Prices
Forward-Looking Statements, EBITDA and Benchmark Prices This discussion and analysis by West Fraser’s management of the Company’s financial performance during the third quarter of 2011 should be read in conjunction with the unaudited condensed consolidated interim financial statements and accompanyi
Slide 3: Earnings Per Share ("EPS") Calculation
Earnings Per Share (“EPS”) Calculation ($ millions except for EPS) Q3-11 Q2-11 YTD-11 Q3-10 YTD-10 Earnings from continuing operations 6 11 37 49 154 Share option expense (recovery) (18) (14) (9) 8 7 Equity settled share option adjustment (1) - (3) - (1) Diluted earnings from continuing operations (
Slide 4: Adjusted Earnings
Adjusted Earnings ($ millions except EPS) Q3-11 Q2-11 YTD-11 Q3-10 YTD-10 Earnings from continuing operations 6 11 37 49 154 Adjustments to earnings from continuing operations After tax (gain) loss on: Long-term equity-based compensation (19) (14) (8) 7 9 U.S.$ denominated long-term debt 22 (1) 14 (
Slide 5: Consolidated Cash Flow ($ millions)
Consolidated Cash Flow ($ millions) Q3-11 Q2-11 YTD-11 Q3-10 YTD-10 Cash from operating activities before working capital changes 57 54 144 91 439 Non-cash working capital changes 20 61 (8) 26 (3) Capital spending, net of GTP reimbursement (45) (35) (92)1 (14) (69) Financing (1) (19) (26) 5 (174) Di