Canfor Corporation · TSX:CFP
Canfor — Q4 2010 Earnings Presentation
7 slides from Canfor's earnings presentation, February 2011
Slide 1: Quarter 4, 2010 Financial Performance Overview
Quarter 4, 2010 Financial Performance Overview Presented by: Tom Sitar, Vice President, Finance & CFO
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 expressed
Slide 3: Net income as reported to net income as adjusted
Q4 2010 Q3 2010 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Net income, as reported $ 54.9 $ 33.5 Less: Non-controlling interests $ 24.2 $ 27.9 Net income attributable to equity shareholders of the Company $ 30.7 $ 0.21 $ 5.6 $ 0.04 Non-operating / unusual items (after-ta
Slide 4: Gross sales and EBITDA by segment
Q4 Q3 Variance (millions of dollars unless otherwise noted) 2010 2010 Gross Sales $ 629.1 $ 588.7 $ 40.4 EBITDA by segment: Lumber $ 22.1 $ 4.8 $ 17.3 Pulp & Paper $ 62.6 $ 65.0 $ (2.4) Unallocated and other $ (5.7) $ (3.8) $ (1.9) Total EBITDA $ 79.0 $ 66.0 $ 13.0 Inventory adjustments (logs and fi
Slide 5: History of Lumber Prices (CDN$) and U.S. Housing Starts
History of Lumber Prices (CDN$) and U.S. Housing Starts CDN$ LUMBER PRICES AND U.S. HOUSING STARTS COMPARISON U.S. Housing Starts SAAR (Thousand Units) Western SPF #2&Btr (CDN$/Mfbm] 2,400 $600 2,200 $550 2,000 ? $500 1,800 # $450 1,600 ae $400 1,400 ‘ $350 1,200 $300 1,000 $250 800 $200 600 $150 40
Slide 6: Lumber segment results Q4 vs Q3 2010
Q4 Q3 Variance (millions of dollars unless otherwise noted) 2010 2010 Sales $ 318.0 $ 308.3 $ 9.7 EBITDA, as reported $ 22.1 $ 4.8 $ 17.3 Total (positive) negative impact from inventory valuation adjustments (logs and finished products) $ (0.7) $ (0.5) $ (0.2) Clear Lake permanent closure provision
Slide 7: Pulp segment results Q4 vs Q3 2010
Q4 Q3 Variance (millions of dollars unless otherwise noted) 2010 2010 Sales $ 300.8 $ 269.0 $ 31.8 EBITDA, as reported $ 62.6 $ 65.0 $ (2.4) Average NBSK pulp list price delivered to U.S. - US$ $ 967 $ 1,000 $ (33) Average NBSK pulp list price delivered to U.S. - CDN$ $ 980 $ 1,040 $ (60) Production