Canfor Corporation · TSX:CFP
Canfor — Q2 2011 Earnings Presentation
7 slides from Canfor's earnings presentation, Nov 16, 2011
Slide 1: Quarter 2, 2011 Financial Performance Overview
PAGE 1 Quarter 2, 2011 Financial Performance Overview Presented by: Alan Nicholl - Senior Vice President, Finance & CFO Q2 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 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 achievem
Slide 3: Q2 2011 Review: Items Impacting Earnings Comparability
PAGE 3 Q2 2011 Review: Items Impacting Earnings Comparability Q2 2011 Q1 2011 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Net income, as reported $ 26.2 $ 32.3 Less: Non‐controlling interests $ 24.1 $ 25.3 Net income attributable to equity shareholders of the Company $ 2.
Slide 4: Sales and EBITDA Summary
PAGE 4 Sales and EBITDA Summary Q2 Q1 Variance (millions of dollars unless otherwise noted) 2011 2011 Gross Sales $ 619.1 $ 624.0 $ (4.9) EBITDA by segment: Lumber $ 9.6 $ 18.0 $ (8.4) Pulp & Paper $ 63.4 $ 64.0 $ (0.6) Unallocated and other $ (6.2) $ (9.1) $ 2.9 Total EBITDA $ 66.8 $ 72.9 $ (6.1) I
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 $100 20
Slide 6: Lumber: Q2 2011 vs. Q1 2011
PAGE 6 Lumber: Q2 2011 vs. Q1 2011 Q2 Q1 Variance ( illi (millions off d dollars ll unless l otherwise th i noted) t d) 2011 2011 Sales $ 331.2 $ 328.6 $ 2.6 Operating income (loss) $ (11.1) $ (2.3) $ (8.8) EBITDA,, as reported p $ 9.6 $ 18.0 $ ((8.4)) Total negative (positive) impact from inventory
Slide 7: Pulp & Paper: Q2 2011 vs. Q1 2011
PAGE 7 Pulp & Paper: Q2 2011 vs. Q1 2011 Q2 Q1 Variance (millions of dollars unless otherwise noted) 2011 2011 Sales $ 277.0 $ 283.0 $ (6.0) Operating income $ 48.1 $ 47.2 $ 0.9 EBITDA $ 63.4 $ 64.0 $ (0.6) Average NBSK pulp list price delivered to U.S. ‐ US$ $ 1,025 $ 970 $ 55 Average NBSK pulp lis