This news release refers to EBITDA, cash operating profit, payout ratio and distributable cash to assist in measuring the Corporation's financial performance. Readers are cautioned that these measures are non-GAAP measures and should not be construed as alternatives to net income or loss or other comparable measures determined in accordance with GAAP as an indicator of the Corporation's performance or as a measure of the Corporation's liquidity and cash flow. The Corporation's method of calculating non-GAAP measures may differ from the methods used by other issuers and accordingly, the Corporation's non-GAAP measures are unlikely to be comparable to similarly titled measures used by other issuers.
This news release contains forward-looking statements and information relating to expected future events relating to Canexus and its subsidiaries, including with respect to the timing and expected benefits of the hydrochloric acid growth projects at Canexus' North Vancouver chlor-alkali plant and the bitumen blend and crude oil transloading business at NATO, expectations regarding cash operating profit, distributable cash and payout ratio for 2013, expectations with respect to North American sodium chlorate industry demand, operating rates, production and sales volumes and realized netback prices, expectations with respect to North American chlor-alkali operating rates, production and sales volumes and realized MECU netback prices, including as a result of expected demand from well fracturing activities, expectations with respect to South American chlor-alkali demand and operating rates of Canexus' facility in Brazil, expectations with respect to the NATO expansion, including the interconnection with MEG's Stonefell Terminal, potentially a second pipeline connected facility, the build out of rail infrastructure, loading/offloading and above ground tank storage and the costs associated therewith, demand from the oil and gas industry for hydrochloric acid and terminal capacity at Bruderheim, fundamentals and demand in the global pulp market, expectations with respect to the relative value of the Canadian dollar, expectations regarding Canexus' 2013 capital expenditures and leverage.
The use of the words "expects", "anticipates", "continue", "estimates", "projects", "should", "believe", "plans", "intends", "may", "will" or similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including market and general economic conditions, future costs, treatment under governmental regulatory, tax and environmental regimes and the other risks and uncertainties detailed under "Risk Factors" in the Fund's Annual Information Form filed on the Fund's SEDAR profile at www.sedar.com. Management believes the expectations reflected in these forward-looking statements are currently reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Due to the potential impact of these factors, Canexus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Financial outlook information contained in this press release about prospective results of operations, financial position or cash flows is based on assumptions about future events, including economic conditions and proposed courses of action, based on management's assessment of the relevant information currently available. Such financial outlook information should not be used for purposes other than those for which it is disclosed herein.
Canexus produces sodium chlorate and chlor-alkali products largely for the pulp and paper and water treatment industries. Our four plants in Canada and two at one site in Brazil are reliable, low-cost, strategically-located facilities that capitalize on competitive electricity costs and transportation infrastructure to minimize production and delivery costs. Canexus also provides fee-for-service hydrocarbon transloading services to the oil and gas industry from its terminal at Bruderheim, Alberta. Canexus targets opportunities to maximize shareholder returns and delivers high-quality products to its customers. Canexus' common shares (CUS) and debentures (Series I - CUS.DB; Series III - CUS.DB.A; Series IV - CUS.DB.B) trade on the Toronto Stock Exchange. More information about Canexus is available at www.canexus.ca.
President and CEO
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