Investor Presentaiton
Seasonality of the Business
Weather (snow pack, heat)
and daylight can impact
harvest volumes and costs
Inventory levels can fluctuate
through the year, impacting
working capital
Seasonal market demand
can impact lumber
production
Typically higher lumber sales
volumes in Q2 and Q3 when
North American construction
activity is at its peak
Harvest Volume1
(000 m³)
1,282
WFP
Closing Log Inventory1
(000 m³)
1,072
1,059
1,015
964
1,091
997
958
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Lumber Production &
Shipments¹
(MMfbm)
213
209
228
222
220
219
218
214
Increase (Decrease) in
Working Capital1
($ millions)
($2)
$16
$10
($12)
Q1
Q2
■Production
Q3
04
Q4
Shipments
Q1
Q2
Q3
(1) Average of last 5-years (2015 to 2019) excluding strike impacted Q3-19 and Q4-19
Seasonal influences impact operations and sales
60
Q4
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