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    WEF   CA9582112038

WESTERN FOREST PRODUCTS INC.

(WEF)
  Report
Delayed Toronto Stock Exchange  -  01:56 2022-08-10 pm EDT
1.540 CAD   +2.67%
08/05Western Forest Products Upgraded to Buy at TD
MT
08/04TRANSCRIPT : Western Forest Products Inc., Q2 2022 Earnings Call, Aug 04, 2022
CI
08/03WESTERN FOREST PRODUCTS : Normal course issuer bid renewal announced
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Western Forest Products : Investor Presentation – May 2022

06/02/2022 | 08:32am EDT

INVESTOR PRESENTATION

May 2022

TSX:WEF

Forward Looking Statements and Non-GAAP Financial Measures

All financial references are expressed in C$ unless otherwise noted.

This presentation contains statements and estimates that may constitute forward-looking statements under applicable securities laws. Readers are cautioned against placing undue reliance on forward-looking statements. All statements herein, other than statements of historical fact, may be forward-looking statements and can be identified by the use of words such as "will", "estimate", "commit", "anticipate", "expect", "should", "could", "may", "pursue", "explore" and similar references to future periods.

Forward-looking statements in this presentation include, but are not limited to, statements relating to our current intent, belief or expectation with respect to: domestic and international market conditions, demands and growth; economic conditions; our acquisition, growth, marketing, product, wholesale, operational, production and capital allocation plans and strategies including, but not limited to, our dividend plan and share repurchase plan; our sustainability-linked credit facility; our expected operating results and future earnings stability; our competitive position and expectations regarding future competition; the impact of mass timber developments on climate change and wood products demand; the Company's ability to navigate logistics constraints; the Company's net positive climate impact; fibre availability; legal and regulatory developments including, but not limited to, the softwood lumber duties administrative review; the Company's ability to diversify and grow its business through its strategic acquisitions; the impact of the COVID-19 pandemic; and the sale of additional incremental ownership interest in TFL 44 LP in the future.

Although such statements reflect management's current reasonable beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions, there can be no assurance that forward-looking statements are accurate, and actual results and performance may materially vary. Many factors could cause our actual results or performance to be materially different including: economic and financial conditions, demand for forest products, competition and selling prices, international trade disputes, changes in foreign currency exchange rates and interest rates, labour disputes and disruptions, natural disasters, changing relations with First Nations groups, the availability of fibre and allowable annual cut, developments and changes in laws and regulations affecting the Company or the forestry industry, changes in the price of key materials for our products, changes in business opportunities, existence of a public health crisis (including future developments in the COVID- 19 pandemic) and other factors discussed in the Company's Management's Discussion & Analysis for the three months and year ended December 31, 2021 (the "MD&A"), which is available on our website at www.westernforest.com. The foregoing list is not exhaustive, as other factors could adversely affect our actual results and performance. Forward-looking statements are based only on information currently available to us and refer only as of the date hereof. Except as required by law, we undertake no obligation to update forward-looking statements.

During the course of this presentation, certain non-GAAP financial information will be presented. Definitions and reconciliation of terms can be found in the MD&A for Western Forest Products Inc. (the "Company").

1

Western At A Glance

A Sustainable, Specialty Wood Products Company

Western At A Glance

Sustainable

$1.5 Billion

$305 Million

37%

$615 Million

Products and

In Last Twelve

In Last Twelve

Of Historical Sales to

Market Capitalization

Practices

Months Revenue

Months EBITDA

International Markets

and Listed on the TSX

Strong

1+ Billion

Four

5.9 Million m3

2,000+

Environmental, Social,

Board Feet of Annual

Remanufacturing

Of Allowable Annual

Employees

& Governance ("ESG")

Lumber Capacity

Facilities and One

Cut From Our B.C.

Practices and Policies

at 7 Sawmills

Distribution Centre

Timberlands

A Global Leader In Specialty Lumber Products

3

Why Own Western

Supplier of sustainable wood products

Strong ESG practices and policies

Business of scale and leader in our key markets

Superior timber asset base and secure fibre supply

High-value, diverse products serving global markets

Specialty product focus provides greater earnings stability

Margin-focused strategy with exposure to growing lumber demand

Balanced approach to capital allocation with a quarterly dividend

Western Is The Premier Wood Products Company To Own

4

Disclaimer

Western Forest Products Inc. published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 12:31:01 UTC.


© Publicnow 2022
All news about WESTERN FOREST PRODUCTS INC.
08/05Western Forest Products Upgraded to Buy at TD
MT
08/04TRANSCRIPT : Western Forest Products Inc., Q2 2022 Earnings Call, Aug 04, 2022
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Analyst Recommendations on WESTERN FOREST PRODUCTS INC.
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Financials
Sales 2022 1 420 M 1 102 M 1 102 M
Net income 2022 106 M 82,5 M 82,5 M
Net cash 2022 117 M 90,9 M 90,9 M
P/E ratio 2022 4,29x
Yield 2022 3,33%
Capitalization 488 M 379 M 379 M
EV / Sales 2022 0,26x
EV / Sales 2023 0,23x
Nbr of Employees 2 051
Free-Float 99,7%
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 1,50 CAD
Average target price 2,32 CAD
Spread / Average Target 54,7%
EPS Revisions
Managers and Directors
Donald Eugene Demens President & Chief Executive Officer
Stephen D. A. Williams Chief Financial Officer & Executive VP
Michael T. Waites Independent Chairman
Daniel Louis Nocente Lead Independent Director
Laura A. Cillis Independent Director
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