Bank of America Merrill Lynch Paper, Packaging & Builders Conference December 10, 2015
|
|
- Grant Holland
- 5 years ago
- Views:
Transcription
1 Bank of America Merrill Lynch Paper, Packaging & Builders Conference December 10, 2015
2 Notices Forward-Looking Statements & Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted. This presentation contains forward-looking statements and estimates. Actual company results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information. Additional information can be found in the Company s annual information form, annual MD&A, and on Norbord s website ( about the material factors that could cause actual results to differ materially from the conclusion, forecast or projection in the forward-looking information, and the material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information. During the course of this presentation, certain non-ifrs financial information will be presented. Definitions and reconciliation of terms can be found in the Company s annual and quarterly MD&A. 2
3 Company Overview
4 Company Overview Norbord Snapshot Leading manufacturer of wood-based panel products Largest global producer of Oriented Strand Board (OSB) Installed OSB capacity of 8.0 Bsf-3/8 (1) (2) Installed panel capacity (including particleboard & MDF) of 8.9 Bsf-3/8 (1) (2) Approximately 2,600 employees at 17 plants across the US, Canada and Europe Listed on the TSX ( NBD ) Report in US dollars and in accordance with IFRS LTM Q sales of $1.5 billion (2) US 43% Panel Capacity by Region Europe 20% North America Europe 8.9 Bsf-3/8 (1)(2) Oriented Strand Board (OSB) Particleboard Medium Density Fibreboard (MDF) Canada 37% Furniture (1) Does not include the 600 MMsf-3/8 Grande Prairie, Alberta Line 2 ( GP2 ) expansion project (2) Results reflect combined performance following completion of merger with Ainsworth 4
5 Enterprise Value ($USmm) OSB Capacity (Bsf-3/8") Company Overview The Leading Global OSB Company Top 10 Global OSB Producers Norbord Louisiana-Pacific Georgia-Pacific Weyerhaeuser Kronospan Huber Tolko KronoSwiss Egger Martco $3,500 Enterprise Value $3,000 $2,500 $2,000 $1,500 $1,000 $500 $- West Fraser Louisiana-Pacific Norbord Canfor Corp. Interfor Western Forest Products Conifex Source: Bloomberg and company filings. Enterprise values as at October 30,
6 Company Overview Norbord s Products Norbord s operations now include 15 OSB mills and two other plant locations in the UK producing particleboard, MDF and related value-added products OSB 90% of Capacity New home construction Repair and remodel Light commercial construction Industrial applications Particleboard 6% of Capacity New home construction Repair and remodel Furniture Fixtures MDF 4% of Capacity Furniture Fixtures Mill work 6
7 Industry Overview
8 Industry Overview Typical Uses for OSB Products OSB is an innovative, affordable and environmentally sustainable structural panel Serves many of the same uses as plywood, but produced at a lower cost Norbord expects OSB will continue to capture market share from plywood Currently, OSB represents 67% of total North American structural panels Roof Window Header Webstock Wall Sheathing Garage Door Header Flooring Rimboard Door Header 8
9 Industry Overview Global OSB Industry 30 Industry OSB Capacity (MMsf-3/8 ) North America Europe South America Asia Norbord operates in the two significant global OSB producing regions Source: Company Documents and Other Public Filings 9
10 Industry Overview North American & European OSB Industries North American OSB Industry European OSB Industry Kalavela 4% Others 2% Huber 8% Martco Other Tolko 3% 3% 8% 26% Sonae 7% Smartply 5% Kronospan 39% Weyerhaeuser 11% Industry Capacity 28 Bsf-3/8 11% Industry Capacity 8 Bsf-3/8 Georgia-Pacific 19% Louisiana-Pacific 22% Egger 12% KronoSwiss 20% Norbord is a significant player in both key markets Source: Company documents and other public filings installed industry capacity 10
11 Industry Overview Demand Growth Ahead in Both Key Markets 75% OSB Share of Structural Panels 50% North America 25% Europe 0% Source: FEA and Norbord Estimates 11
12 Capacity (Bsf-3/8") US Housing Starts (mm) Industry Overview US Housing Recovery is Real US Housing Starts and Underlying Demand mm Over-Built mm Under-Built F U.S. Housing Starts Underlying Demand North American OSB Demand and Capacity % 90% 80% 70% 60% 50% 40% Effective Demand / Capacity F 2016F 2017F Effective Capacity Mothballed Capacity Effective Demand / Capacity 30% Source: US Census Bureau and Forest Economic Advisors, LLC (FEA); As of October 2015 Favourable long-term OSB industry fundamentals 12
13 Industry Overview North American Capacity Restarted to Meet Growing Demand North American OSB Installed Capacity: 39 Mills in Operation 8 Mills Indefinitely Curtailed 6 Mills (Re)started in 2013 Norbord Mill Source: Company documents and other public filings 13
14 Annual Average NC Price US$ per Msf 7/16" Industry Overview Attractive North American OSB Price Outlook OSB prices are tied to demand for building products, which is influenced by the general economy, demographics and the need for housing With US housing recovering, OSB prices are projected to rise above trend North Central Benchmark OSB Price $400 Historical Price Forecasted Price $350 $300 $ year average: $229 $200 $150 $100 $50 $ F 2016F 2017F Source: Random Lengths and Forest Economic Advisors, LLC (FEA); As of September
15 Industry Overview Core European Housing Markets Recovering Housing Starts (000 s) European OSB Share of Structural Panels % % 225 Germany +4% in % % % 150 UK +9% in % % % 75 5% % Source: National House Builder Confederation (NHBC), Construction Products Association (CPA) & Bundesbank 15
16 Industry Overview Japanese Housing Market Stable Significant growth opportunity OSB accounts for only ~8% of the structural panel market in Japan compared to >60% in North America Japanese Housing Starts (000 s) 1,236 1,285 1,061 1,093 Wooden All Other Source: Japanese Ministry of Land, Infrastructure, Transport and Tourism 16
17 Business Strategy
18 Business Strategy Norbord s Strategy is Well Defined 1 Develop a world-class safety culture 2 Pursue growth in OSB 3 Own high-quality assets with low-cost positions Maintain a margin-focused operating culture Focus on growth customers through best-in-class service and product development Allocate capital with discipline 18
19 Business Strategy Norbord s Growth Focused on OSB 8 Norbord OSB Capacity (Bsf-3/8 )
20 Business Strategy Margin Improvement is an Operational Priority Margin Improvement Program (MIP) gains help offset impact of industry-wide rising input costs: Increased productivity Reduced overhead costs Reduced raw material usage Improved product mix Margin Improvement Program Gains (1) ($ in millions) In Control of Our Controllables MIP has delivered $261 million of margin improvements over the past 11 years with minimal capital investments Q3 YTD MIP gains of $34 million 9 0 (2) (1) Measured relative to prior year at constant prices and exchange rates (2) The benefits of improved productivity and a richer value-added product mix were offset by higher maintenance spending in
21 Business Strategy Further MIP Ahead Through Identified Merger Synergies $45 Million in Annual Merger Synergies (1) As of Q3 2015, $5 million in realized synergies ($20 million annualized) Product Specialization Ainsworth s Forming Technology Order File Optimization Sales & Logistics Corporate Overhead Operational Best Practices Operational Standardization Continuous Press Experience Single Public Company Purchasing Savings (1) Costs to achieve ~50%; Achievable over months 21
22 Business Strategy Diversification From European & Asian End Market Exposure Strong North American footprint LTM Q Shipments by Geography (1) Stable margin operations: Asia Europe Asia-focused exports 4% Europe Provides greater diversification than North American-based competitors 24% 7.1 Bsf-3/8 (1) North America 72% Better positioned to weather market cycles (1) Results reflect combined performance following completion of merger with Ainsworth 22
23 Business Strategy Focused Customer Strategy Sets Norbord Apart New housing sales volume growing as US housing starts recover Industrial and export sales at more stable margins LTM Q North American Shipments (1) Export 5% Industrial 20% New Home Construction (Pro-Dealers) 50% 5.4 Bsf-3/8 (1) Repair & Remodel (Big Box) 25% (1) Results reflect combined performance following completion of merger with Ainsworth 23
24 Business Strategy Capital Allocation Three main priorities: Investing in our mills Optimizing debt profile $180 $160 $140 $120 Capex Investment (US$ millions) Returning cash to shareholders $100 $80 $60 $40 $20 $ (1) Fcast Target (1) Capex Greenfield Expansion (1) 2015 and 2016 numbers reflect Norbord following completion of merger with Ainsworth. Pre 2015 reflects Norbord excluding Ainsworth. 24
25 Financial Overview
26 Financial Overview Strong Operating Cash Flow Through The Cycle 921 Total Adjusted EBITDA (US$ millions) Norbord (excluding Ainsworth) Adjusted EBITDA Ainsworth Adjusted EBITDA (1) Norbord Combined Adjusted EBITDA (2) Norbord Sensitivity to North American OSB Price Changes: +$10/Msf 7/16 = +$58 million Adjusted EBITDA (at full capacity) North Central Benchmark OSB Price US Housing Starts (000s) year average: $277 million LTM Q $369 $320 $217 $161 $172 $163 $219 $186 $271 $315 $218 $202 1,956 2,068 1,801 1, ,003 1, (1) As disclosed in Ainsworth s historical MD&As; converted to USD using annual average exchange rate (2) As disclosed in the Q and Q MD&A 26
27 Financial Overview Stable Results from European Operations Norbord s European operations provide greater sales and earnings diversification than other North American-based competitors European Adjusted EBITDA (US$ millions) $90 $80 81 $70 $60 58 $50 $40 $ $20 17 $10 $ LTM Q
28 7.70% 5.375% 6.25% Financial Overview Strong Balance Sheet & Liquidity Manageable Debt Maturities (US$ millions) Strong Liquidity Profile (US$ millions) $200 $240 $315 Q Cash $ 2 Bank Lines (1) 240 A/R Securitization (2) 81 Liquidity $323 Stable Issuer Credit Ratings Moody s S&P DBRS Ba2 (Stable) BB- (Stable) BB (Negative) (1) $245 million of bank lines less $5 million outstanding letters of credit drawn at quarter-end (2) $125 million of A/R Securitization limit less $44 million drawn at quarter-end 28
29 Summary Attractive Investment Opportunity Leverage to unfolding US housing recovery Every +$10 in NA OSB price = +$58 million in Adjusted EBITDA at full capacity Diversification from European operations, North American industrial sales and Asian export sales High quality asset base with low operating costs Focused customer strategy and strong customer partnerships Superior margins versus peers Track record of disciplined capital allocation Strong financial liquidity and comfortable debt maturities 29
30 Norbord Inc. Suite 600 One Toronto Street Toronto, Ontario, M5C 2W4 Canada Tel: Fax:
Investor Presentation August 2016
Investor Presentation August 2016 Notices Forward-Looking Statements & Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted. This presentation contains forward-looking
More informationQ Investor Presentation. August 2014
Q2 2014 Investor Presentation August 2014 Forward-Looking Statements and Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted. Financial numbers prior to
More informationInvestor Presentation. May 2017
Investor Presentation May 2017 Notices Forward-Looking Statements & Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted. This presentation contains forward-looking
More informationInvestor Presentation. November 2017
Investor Presentation November 2017 Notices Forward-Looking Statements & Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted. This presentation contains
More informationRaymond James Institutional Investors Conference March 6, 2018 Orlando, Florida
Raymond James Institutional Investors Conference March 6, 2018 Orlando, Florida Notices Forward-Looking Statements & Non-IFRS Financial Information All financial references are expressed in US$ unless
More informationInvestor Presentation. August 2018
Investor Presentation August 2018 Notices Forward-Looking Statements & Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted. This presentation contains forward-looking
More informationYear-End 2012 Investor Presentation. February 2013
Year-End 2012 Investor Presentation February 2013 Forward-Looking Statements and Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted. Financial numbers prior
More informationInvestor Presentation. November 2018
Investor Presentation November 2018 Notices Forward-Looking Statements & Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted. This presentation contains
More informationBank of America Merrill Lynch Leveraged Finance Conference December 5, 2018
Bank of America Merrill Lynch Leveraged Finance Conference December 5, 2018 Notices Forward-Looking Statements & Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise
More informationAnnual General Meeting of Shareholders May 3, 2018
Annual General Meeting of Shareholders May 3, 2018 Peter Gordon Chair Peter Wijnbergen President & Chief Executive Officer AGM 2018 Forward-Looking Statements & Non-IFRS Financial Information All financial
More informationNorbord is a publicly traded company listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the symbol OSB.
2017 ANNUAL REPORT CONTENTS 1 Financial Highlights 2 Letter to Shareholders 5 2017 Financial Table of Contents 6 Management s Discussion and Analysis 43 Consolidated Financial Statements 73 Five-Year Historical
More informationLouisiana-Pacific Corporation
Louisiana-Pacific Corporation Investor Presentation Fall, 2013 Forward-Looking Statements This presentation contains statements concerning Louisiana- Pacific Corporation s (LP) future results and performance
More information13MILLS 4MILLS. Norbord Inc. is the
2016 Annual Report Norbord Inc. is the world s largest producer of oriented strand board (OSB), with assets of $1.8 billion. We employ approximately 2,600 people at 17 plant locations in the US, Canada
More informationNORBORD 2013 Annual Report
NORBORD 2013 Annual Report To Our Shareholders, I am delighted to have this opportunity to share Norbord s 2013 achievements and to provide you with some insight into our key objectives for the current
More informationQ Earnings Presentation July 26, 2016
Q2 2016 Earnings Presentation July 26, 2016 Notices Forward-Looking Statements & Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted. This presentation contains
More informationOctober 28, To Our Shareholders,
Peter Wijnbergen President & CEO October 28, To Our Shareholders, The North American OSB market remained disappointing this quarter as the ramp-up of industry capacity continues to outpace a more gradual
More informationOctober 28, To Our Shareholders,
Peter Wijnbergen President & CEO October 28, 2016 To Our Shareholders, I am pleased to report our best quarter in over three years, reflecting market conditions that continue to be very favourable for
More informationGoldman Sachs Basic Materials Conference New York City
Goldman Sachs Basic Materials Conference New York City June 3, 2010 Robin Lampard Senior VP & CFO Forward Looking Statements and Non-GAAP Financial Measures All financial references are expressed in US$
More informationWEYERHAEUSER. INVESTOR MEETINGS March 2018
WEYERHAEUSER INVESTOR MEETINGS March 2018 FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation contains statements and depictions that constitute forward-looking statements within
More informationAugust 2, To Our Shareholders:
Peter Wijnbergen President & CEO August 2, 2018 To Our Shareholders: I m pleased with our excellent financial and operating performance in the second quarter, which helped deliver the best results in Norbord
More informationMay 2, To Our Shareholders:
Peter Wijnbergen President & CEO May 2, 2017 To Our Shareholders: During the first quarter, we saw favourable market conditions with 30% higher average North American benchmark OSB prices year-over-year,
More informationQ Earnings Presentation. July 28, 2017
Q2 2017 Earnings Presentation July 28, 2017 1 Notices Forward-Looking Statements & Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted. This presentation
More informationWEYERHAEUSER INVESTOR MEETINGS
WEYERHAEUSER INVESTOR MEETINGS November 2018 FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation contains statements and depictions that constitute forward-looking statements within
More informationJuly 26, To Our Shareholders,
Peter Wijnbergen President & CEO July 26, 2016 To Our Shareholders, The second quarter of 2016 was a strong one for Norbord, with continued solid operational performance, a favourable pricing environment
More informationJuly 29, To our Shareholders,
J. Barrie Shineton President & CEO July 29, 2011 To our Shareholders, Norbord s second quarter EBITDA result of $10 million reflects both the continuing strong performance of our European operations and
More informationNorbord Annual. Report
Norbord Annual Report 2007 Norbord Inc. is an international producer of wood-based panels with assets of $1.4 billion. We employ approximately 2,700 people at 15 plant locations in the United States, Europe
More informationInvestor Presentation March 2018
Investor Presentation March 2018 Forward-Looking Statements Non-GAAP Financial Measures Forward-Looking Statements During the course of this presentation, we may make forward-looking statements or provide
More informationWEYERHAEUSER Doyle Simons, CEO
WEYERHAEUSER Doyle Simons, CEO Nareit REITweek: 2018 INVESTOR CONFERENCE June 5, 2018 New York, NY FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation contains statements and depictions
More informationQ Earnings Presentation. July 29, 2014
Q2 2014 Earnings Presentation July 29, 2014 Forward-Looking Statements and Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted. Financial numbers prior to
More informationRecord Operating Performance
J. Barrie Shineton President & CEO January 31, 2013 To Our Shareholders, Norbord s 2012 result was our best since US housing first began its unprecedented decline in 2006. We generated earnings of $1.65
More informationNorth America. Europe
2014 annual report Norbord Inc. is an international producer of wood-based panels with assets of more than $1 billion. We employ approximately 1,900 people at 13 plant locations in the US, Europe and Canada.
More informationInvestor Presentation. January 2019
Investor Presentation January 2019 Forward-Looking Statements This presentation and comments associated with it contain forward-looking statements including statements relating to U.S. housing recovery,
More informationLouisiana-Pacific Corporation
Louisiana-Pacific Corporation Goldman Sachs Basic Materials Conference June 3, 2009 Forward-Looking Statements This presentation contains statements concerning Louisiana- Pacific Corporation s (LP) future
More informationInvestor Presentation. April 2019
Investor Presentation April 2019 2 General: This presentation and comments associated with it contains historical information, descriptions of current circumstances and statements about potential future
More informationJanuary 28, To our Shareholders,
J. Barrie Shineton President & CEO January 28, 2011 To our Shareholders, I am pleased to report our first positive earnings since 2006. Norbord generated earnings of $0.39 per share on EBITDA of $105 million
More informationWEYERHAEUSER Western Timberlands Tour. August 13-14, 2018 Eugene, OR
WEYERHAEUSER 2018 Western Timberlands Tour August 13-14, 2018 Eugene, OR 1 FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation contains statements and depictions that constitute
More informationCIBC INSTITUTIONAL INVESTOR CONFERENCE. INVESTOR PRESENTATION January 21-23, 2015 Whistler, British Columbia
CIBC INSTITUTIONAL INVESTOR CONFERENCE INVESTOR PRESENTATION January 21-23, 2015 Whistler, British Columbia Forward-Looking Statements This presentation and comments associated with it contain forward-looking
More informationNORBORD 2012 ANNUAL REPORT
NORBORD 2012 ANNUAL REPORT NORBORD AT-A-GLANCE Norbord Inc. is an international producer of wood-based panels with assets of $1 billion. We employ approximately 1,900 people at 13 plant locations in the
More informationCompany Report - Initiation of Coverage
ANS-TSX Daryl Swetlishoff CFA 604.659.8246 daryl.swetlishoff@raymondjames.ca David Quezada CFA (Associate) 604.659.8257 david.quezada@raymondjames.ca Forest Products Building Materials The Best Defence
More informationall around quality 2012 annual report
all around quality 2012 annual report 2012 Ainsworth Lumber Co. Ltd. is a leading Canadian forest products company, with a 50-year reputation for quality products and unsurpassed customer service. In Alberta,
More informationCOMPANY UPDATE NOVEMBER 2017
COMPANY UPDATE NOVEMBER 2017 FORWARD-LOOKING INFORMATION This presentation contains information and statements that are forwardlooking in nature, including, but not limited to, statements containing the
More informationLouisiana-Pacific Corporation
Louisiana-Pacific Corporation CIBC World Markets Institutional Investor Conference February 19, 2009 Forward-Looking Statements This presentation contains statements concerning Louisiana- Pacific Corporation
More informationRAYMOND JAMES Forest FORUM VI. INVESTOR PRESENTATION January 14, 2016 Toronto, Ontario
RAYMOND JAMES Forest FORUM VI INVESTOR PRESENTATION January 14, 2016 Toronto, Ontario Forward-Looking Statements This presentation and comments associated with it contain forward-looking statements including
More informationInvestor Presentation March 2016
Investor Presentation March 2016 Forward-Looking Statements / Non-GAAP Financial Measures Forward-Looking Statements During the course of this presentation, we may make forward-looking statements or provide
More information2018 EARNINGS PRESENTATION. February 13, 2019
2018 EARNINGS PRESENTATION February 13, 2019 FORWARD LOOKING STATEMENTS This presentation contains statements concerning Louisiana-Pacific Corporation's (LP) future results and performance that are forward-looking
More informationAINSWORTH LUMBER CO. LTD. ANNUAL INFORMATION FORM FOR THE YEAR ENDED DECEMBER 31, 2014
AINSWORTH LUMBER CO. LTD. ANNUAL INFORMATION FORM FOR THE YEAR ENDED DECEMBER 31, 2014 MARCH 27, 2015 TABLE OF CONTENTS ITEM 1. PRELIMINARY NOTES... 3 Glossary... 3 Currency... 3 Cautionary Statement with
More informationNEWS RELEASE WEST FRASER TIMBER CO. LTD. ( WFT ) Friday, April 23, West Fraser Announces Improved Results
858 Beatty Street Suite 501 Vancouver, B.C. Canada V6B 1C1 Telephone: (604) 895-2700 Fax: (604) 681-6061 NEWS RELEASE WEST FRASER TIMBER CO. LTD. ( WFT ) Friday, April 23, 2010 West Fraser Announces Improved
More informationNORBORD INC. Annual Information Form. February 1, 2018
NORBORD INC. Annual Information Form February 1, 2018 TABLE OF CONTENTS Page CAUTION REGARDING FORWARD-LOOKING INFORMATION... 3 CORPORATE STRUCTURE... 4 GENERAL DEVELOPMENT OF THE BUSINESS... 4 DESCRIPTION
More informationWEYERHAEUSER. Patty Bedient Executive Vice President & Chief Financial Officer
WEYERHAEUSER Patty Bedient Executive Vice President & Chief Financial Officer 1 LONGBOW RESEARCH 2013 BASIC MATERIALS CONFERENCE New York, New York March 5, 2013 FORWARD-LOOKING STATEMENT This presentation
More informationMASISA OVERVIEW & HIGHLIGHTS STRATEGY FINANCIAL PROFILE
October 2017 MASISA OVERVIEW & HIGHLIGHTS STRATEGY FINANCIAL PROFILE Overview Masisa is a leading integrated company focused on fiberboard and particleboard production and marketing for furniture and interior
More informationBMC STOCK HOLDINGS, INC. Second Quarter 2018 Earnings Presentation July 30, BMC. All Rights Reserved.
BMC STOCK HOLDINGS, INC. Second Quarter 2018 Earnings Presentation July 30, 2018 2018 BMC. All Rights Reserved. CLICK Disclaimer TO EDIT TITLE This presentation contains "forward-looking statements" within
More informationT S X V : A E P INVESTOR PRESENTATION
T S X V : A E P INVESTOR PRESENTATION April 2018 DISCLAIMER This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of Atlas Engineered Products
More informationCOMPANY UPDATE SEPTEMBER 2017
COMPANY UPDATE SEPTEMBER 2017 FORWARD-LOOKING INFORMATION This presentation contains information and statements that are forwardlooking in nature, including, but not limited to, statements containing the
More informationEcoSynthetix Inc. Q Earnings Call Jeff MacDonald CEO Rob Haire CFO. August 7, 2018
EcoSynthetix Inc. 2018 Earnings Call Jeff MacDonald CEO Rob Haire CFO August 7, 2018 FORWARD LOOKING STATEMENTS Certain statements contained in this document and any amendment or supplement hereto constitute
More informationWest Fraser Timber Co. Ltd.
West Fraser Timber Co. Ltd. Second Quar ter 2011 For the period, April 1 to June 30, 2011 Report to Shareholders REPORT TO SHAREHOLDERS WEST FRASER TIMBER CO. LTD. 2 Vancouver, B.C. West Fraser Timber
More informationBMC STOCK HOLDINGS, INC Jefferies Industrials Conference August 9, 2018
BMC STOCK HOLDINGS, INC. 2018 Jefferies Industrials Conference August 9, 2018 Dave Keltner, Interim President & CEO 2018 BMC. All Rights Reserved. CLICK Disclaimer TO EDIT TITLE This presentation contains
More informationQ For the three months ended June 30, 2008 CANFOR CORPORATION 2008 SECOND QUARTER INTERIM REPORT
Q2 2008 For the three months ended June 30, 2008 CANFOR CORPORATION 2008 SECOND QUARTER INTERIM REPORT 2 Message to Shareholders 3 Management s Discussion and Analysis 19 Consolidated Statements of Income
More informationCanfor Corporation Canfor Pulp Products Inc. C A N F O R C O R P O R A T I O N
Canfor Corporation Canfor Pulp Products Inc. C A N F O R C O R P O R A T I O N Forward Looking Statements The presentation and answers to questions today contain forward looking statements which involve
More informationCorporate Presentation
Corporate Presentation 1 Disclaimer This presentation may contain projections or other forward-looking statements related to Masisa that involve risks and uncertainties. Readers are cautioned that these
More informationWest Fraser. 2nd Quarter 2016
West Fraser 2nd Quarter 2016 For the period April 1 to June 30, 2016 Report to Shareholders reported earnings of $98 million or $1.22 basic earnings per share on sales of $1,111 million in the second quarter
More informationQ Investors Presentation
Q2 2017 Investors Presentation Forward Looking Statements and Non-GAAP Measures This presentation contains information about management's view of the Company's future expectations, plans and prospects
More informationStrengthening IP s North American Pulp Business May 2, 2016
Strengthening IP s North American Pulp Business May 2, 2016 Forward-Looking Statements Certain statements in these slides and made during this presentation may be considered forward-looking statements.
More informationNEWS RELEASE. Weyerhaeuser reports fourth quarter, full year results
NEWS RELEASE For more information contact: Analysts - Beth Baum, 206-539-3907 Media - Nancy Thompson, 919-861-0342 Weyerhaeuser reports fourth quarter, full year results Generated full year net earnings
More informationHuttig Building Products Nasdaq: HBP. Investor Presentation Fall 2016
Huttig Building Products Nasdaq: HBP Investor Presentation Safe Harbor / Non-GAAP Financial Measures SAFE HARBOR / FORWARD LOOKING STATEMENT These presentation materials may contain forward-looking statements
More information2010 Management s Discussion & Analysis
2010 Management s Discussion & Analysis This discussion and analysis by West Fraser s management ( MD&A ) should be read in conjunction with the 2010 annual audited consolidated financial statements and
More informationWEYERHAEUSER FINANCIAL HIGHLIGHTS
NEWS RELEASE For more information contact: Analysts Beth Baum, 206-539-3907 Media Nancy Thompson, 919-760-3484 Weyerhaeuser reports first quarter results First quarter net earnings of $269 million, or
More informationWEST FRASER. 3rd Quarter 2017 For the period July 1 to September 30, 2017
WEST FRASER 3rd Quarter 2017 For the period July 1 to September 30, 2017 Report to Shareholders Third Quarter Highlights Completed acquisition of six sawmills and a finger-joint mill in Florida and Georgia
More informationWEYERHAEUSER EARNINGS RESULTS: 3rd Quarter October 31, 2014
WEYERHAEUSER EARNINGS RESULTS: 3rd Quarter 2014 October 31, 2014 FORWARD-LOOKING STATEMENT This presentation contains statements concerning the company s future results and performance that are forward-looking
More informationBMC STOCK HOLDINGS, INC Baird Industrials Conference November 8, 2017
BMC STOCK HOLDINGS, INC. 2017 Baird Industrials Conference November 8, 2017 Peter Alexander, President and Chief Executive Officer 2017 BMC. All Rights Reserved. CLICK DISCLAIMER TO EDIT TITLE Forward-Looking
More informationBusiness Combination of Skyline Corporation and Champion Homes Creating the Nation s Largest Publicly Traded Factory-Built Housing Company
Business Combination of Skyline Corporation and Champion Homes Creating the Nation s Largest Publicly Traded Factory-Built Housing Company January 25, 2018 Disclaimer Forward-Looking Statements Statements
More information2017 MANAGEMENT S DISCUSSION & ANALYSIS
2017 MANAGEMENT S DISCUSSION & ANALYSIS Introduction and Interpretation This discussion and analysis by West Fraser s management ( MD&A ) of West Fraser s financial performance during 2017 and the fourth
More informationThird Quarter Ended September 30, 2016
Third Quarter Ended September 30, 2016 1 Forward-Looking Statements In the interest of providing shareholders and potential investors with information regarding TransForce, including management s assessment
More informationInterfor Corporation Vancouver, B.C. August 2, 2018
Interfor Corporation Vancouver, B.C. August 2, 2018 Interfor Reports Q2 18 Results Record EBITDA (1) of $124 million on Sales of $620 million Operating Cash Flow (1) of $1.76 per share 49% Annualized Return
More informationCANFOR REPORTS RESULTS FOR SECOND QUARTER OF 2018
News Release FOR IMMEDIATE RELEASE CANFOR REPORTS RESULTS FOR SECOND QUARTER OF 2018 July 25, 2018 - Vancouver, B.C. - Canfor Corporation (TSX: CFP) today reported second quarter 2018 results: Highlights
More informationInvestor Presentation
Investor Presentation November 2016 Forward Looking Statement Certain statements contained in this presentation, including all statements that are not historical facts, contain forward-looking statements
More informationBlueLinx Third Quarter 2018 Earnings Webcast
BlueLinx Third Quarter 2018 Earnings Webcast Notes To Investors Forward-Looking Statements. This presentation includes forward-looking statements within the meaning of the Private Securities Litigation
More informationWEYERHAEUSER FINANCIAL HIGHLIGHTS
NEWS RELEASE For more information contact: Analysts - Beth Baum, 206-539-3907 Media - Nancy Thompson, 919-861-0342 Weyerhaeuser reports third quarter results Net earnings of $255 million, or $0.34 per
More informationConifex Announces Strong Fourth Quarter and Annual Results. Reports Two Consecutive Years of Record Adjusted EBITDA and Operating Income
CONIFEX TIMBER INC. NEWS RELEASE: via MARKETWIRED FOR IMMEDIATE RELEASE Conifex Announces Strong Fourth Quarter and Annual Results Reports Two Consecutive Years of Record Adjusted EBITDA and Operating
More informationINVESTOR PRESENTATION. November 2018
INVESTOR PRESENTATION November 2018 1 Forward-looking statements This presentation contains certain statements that are forward-looking, including comments with respect to the Company's objectives, strategies,
More informationFixed Income Investor Presentation
AUTO HOME BUSINESS Fixed Income Investor Presentation Louis Marcotte Senior Vice-President & Chief Financial Officer November 29, 2016 - Toronto December 1, 2016 - Montreal Intact Financial Corporation
More informationEARNINGS RESULTS 3rd Quarter 2015
EARNINGS RESULTS 3rd Quarter 2015 October 30, 2015 FORWARD-LOOKING STATEMENTS This presentation contains statements concerning the company's future results and performance that are forward-looking statements
More informationConifex Announces 2016 Fourth Quarter and Annual Results. Reports Record Adjusted EBITDA and Net Income
CONIFEX TIMBER INC. NEWS RELEASE: via MARKETWIRE FOR IMMEDIATE RELEASE Conifex Announces 2016 Fourth Quarter and Annual Results Reports Record Adjusted EBITDA and Net Income February 15, 2017, Vancouver,
More informationCANFOR CORPORATION 2017 QUARTER THREE INTERIM REPORT
CANFOR CORPORATION QUARTER THREE INTERIM REPORT FOR THE THREE MONTHS ENDED SEPT 30, 2 Message to Shareholders 4 Management s Discussion and Analysis 16 Condensed Consolidated Balance Sheets 17 Condensed
More informationWestRock KeyBanc's Basic Materials and Packaging Conference. September 14, 2016
WestRock KeyBanc's Basic Materials and Packaging Conference September 14, 2016 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities
More informationOwens Corning Focused on Shareholder Value
Owens Corning Focused on Shareholder Value Q3 2016 This presentation shared at the following event(s): 9/23/16 Zelman Housing Summit Boston Mike Thaman, Chief Executive Officer Forward-Looking Statements
More informationSONAE INDÚSTRIA st QUARTER RESULTS
SONAE INDÚSTRIA 2016 1 st QUARTER RESULTS 4 May 2016 Maia, Portugal, 4 May 2016: Sonae Indústria reports unaudited Consolidated Results for the 1 st quarter 2016 (1Q16) which are prepared in accordance
More information4Q 07 EARNINGS PRESENTATION. February 21, 2008
4Q 07 EARNINGS PRESENTATION February 21, 2008 0 FORWARD LOOKING STATEMENTS This presentation may contain projections or other forward-looking statements related to Masisa that involve risks and uncertainties.
More informationR E P O R T T O S H A R E H O L D E R S
West Fraser Timber Co. Ltd. Second Quarter 2007 R E P O R T T O S H A R E H O L D E R S 1 R E P O R T T O S H A R E H O L D E R S For the second quarter of 2007, West Fraser Timber reported a loss of $14
More informationSONAE INDÚSTRIA 1 st HALF 2014 RESULTS
SONAE INDÚSTRIA 30 July 2014 Maia, Portugal, 30 July 2014: Sonae Indústria reports Consolidated Results for the first half of 2014 (1H14) which have been subject to a Limited Audit Review and are prepared
More informationInvestor Presentation. November 2014
Investor Presentation November 2014 Disclaimer This presentation may contain statements, estimates or projections that constitute forward-looking statements as defined under U.S. federal securities laws.
More informationNEWS RELEASE WEST FRASER TIMBER CO. LTD. ( WFT ) Monday, October 22, West Fraser Announces Third Quarter Results
858 Beatty Street Suite 501 Vancouver, B.C. Canada V6B 1C1 Telephone: (604) 895-2700 Fax: (604) 681-6061 NEWS RELEASE WEST FRASER TIMBER CO. LTD. ( WFT ) Monday, October 22, 2018 West Fraser Announces
More informationFebruary 13, Fourth Quarter and Full Year Results. Strategic Update and Capital Allocation Plan
LP Reports Fourth Quarter and Year End 2018 Results; Announces Strategic Update and Additional $600 Million Share Repurchase Plan; Appointment of Director and Provides 2019 Guidance February 13, 2019 Fourth
More informationInvestor Booklet. December 2018
Investor Booklet December 2018 Legal Disclaimer This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and
More informationCONIFEX TIMBER INC. Conifex Announces First Quarter 2018 Results
CONIFEX TIMBER INC. NEWS RELEASE: via MARKETWIRE FOR IMMEDIATE RELEASE Conifex Announces First Quarter 2018 Results May 15, 2018, Vancouver, B.C. - Conifex Timber Inc. ( Conifex, "we" or "us") (TSX: CFF)
More informationBlueLinx Investor Presentation
BlueLinx Investor Presentation September 2018 Note to Investors Forward-Looking Statements. This presentation includes forward-looking statements" within the meaning of the Private Securities Litigation
More informationWEYERHAEUSER. EARNINGS RESULTS: 4th Quarter January 30, 2015
WEYERHAEUSER EARNINGS RESULTS: 4th Quarter 2014 January 30, 2015 FORWARD-LOOKING STATEMENT This presentation contains statements concerning the company s future results and performance that are forward-looking
More informationWestern Announces First Quarter 2018 Results
800-1055 West Georgia Street Royal Centre, PO Box 11122 Vancouver, British Columbia Canada V6E 3P3 Telephone: 604-648-4500 FOR IMMEDIATE RELEASE TSX: WEF Western Announces First Quarter 2018 Results May
More informationParkland Fuel Corporation to Acquire 75% of SOL, the Largest Independent Fuel Marketer in the Caribbean
Parkland Fuel Corporation to Acquire 75% of SOL, the Largest Independent Fuel Marketer in the Caribbean 12 Transformational Business Combination Establishes Strong International Growth Platform; SOL s
More informationRESPONSIBILITY OF MANAGEMENT
RESPONSIBILITY OF MANAGEMENT The management of West Fraser Timber Co. Ltd. ( West Fraser, we, us or our ) is responsible for the preparation, integrity, objectivity and reliability of the consolidated
More informationCIBC Annual Whistler Institutional Investor Conference January 25-28, 2017 Whistler, BC. parkland.ca
CIBC Annual Whistler Institutional Investor Conference January 25-28, 2017 Whistler, BC parkland.ca FORWARD LOOKING STATEMENT DISCLAIMER & NOTE ON NON-GAAP MEASURES 2 Certain information included herein
More information