Canfor Corporation · TSX:CFP
Canfor — Q1 2011 Earnings Presentation
7 slides from Canfor's earnings presentation, Nov 16, 2011
Slide 1: Quarter 1, 2011 Financial Performance Overview
PAGE 1 Quarter 1, 2011 Financial Performance Overview Presented by: Tom Sitar, Vice President, Finance & CFO Q1 2011 C A N F O R C O R P O R A T I O N
Slide 2: Forward-Looking Statements
PAGE 2 Forward-Looking g Statements The presentation and answers to questions today contain forward-looking statements which involve known and unknown risks,risks uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achiev
Slide 3: Q1 2011 Review: Items Impacting Earnings Comparability
PAGE 3 Q1 2011 Review: Items Impacting Earnings Comparability Q1 2011 Q4 2010 * (millions of dollars, except for per share amounts) $ $/Share $ $/Share Net income, as reported $ 32.3 $ 55.4 Less: Non-controlling interests $ 25.3 $ 24.0 Net income attributable to equity shareholders of the Company $
Slide 4: Sales and EBITDA Summary
PAGE 4 Sales and EBITDA Summaryy Q1 Q4 Variance (millions of dollars unless otherwise noted) 2011 2010 Gross Sales $ 624.0 $ 629.1 $ (5.1) EBITDA by segment: Lumber $ 18.0 $ 21.7 $ (3.7) Pulp & Paper $ 64.0 $ 66.4 $ (2.4) Unallocated and other $ (9.1) $ (4.6) $ (4.5) Total EBITDA $ 72.9 $ 83.5 $ ((1
Slide 5: History of Lumber Prices (CDN$) and U.S. Housing Starts
PAGE 5 History of Lumber Prices (CDN$) and U.S. Housing Starts U.S. Housing Starts SAAR* CDN$ Lumber Prices and U.S. Housing Starts Comparison Western SPF #2&Btr (Thousand Units) ((CDN$/Mfbm) $ ) 2400 $600 2200 $550 2000 $500 1800 $450 1600 $400 1400 $350 1200 $300 1000 $250 800 $200 600 $150 400 $1
Slide 6: Lumber: Q1 2011 vs. Q4 2010
PAGE 6 Lumber: Q1 2011 vs. Q4 2010 Q1 Q4 Variance ( illi (millions off dollars d ll unless l otherwise th i noted) t d) 2011 2010 Sales $ 328.6 $ 318.0 $ 10.6 Operating income (loss) $ (2.3) $ 0.7 $ (3.0) EBITDA, as reported $ 18.0 $ 21.7 $ (3.7) Total (positive) negative impact from inventory valua
Slide 7: Pulp & Paper: Q1 2011 vs. Q4 2010
PAGE 7 Pulp & Paper: Q1 2011 vs. Q4 2010 Q1 Q4 Variance (millions of dollars unless otherwise noted) 2011 2010 Sales $ 283.0 $ 300.8 $ (17.8) Operating income $ 47.2 $ 50.0 $ (2.8) EBITDA $ 64.0 $ 66.4 $ (2.4) Average NBSK pulp list price delivered to U.S. - US$ $ 970 $ 967 $ 3 Average NBSK pulp lis