7. Segmented information
Pulp & Corporate Lumber Panels paper & other Consolidated---------------------------------------------------------------------------October 1, 2012 to December 31, 2012Sales at market prices To external customers $ 477 $ 109 $ 187 $ - $ 773 --------------- To other segments 18 1 - ----------------------------------------------------------- $ 495 $ 110 $ 187 $ -----------------------------------------------------------EBITDA(1) $ 75 $ 12 $ 24 $ (35) $ 76Amortization (23) (5) (11) - (39)---------------------------------------------------------------------------Operating earnings 52 7 13 (35) 37Finance expense (2) (1) (2) - (5)Exchange loss on long-term debt - - - (3) (3)Other income (expense) (1) - 4 (1) 2---------------------------------------------------------------------------Earnings from continuing operations before tax provision $ 49 $ 6 $ 15 $ (39) $ 31---------------------------------------------------------------------------1. Non-IFRS measure:EBITDA is defined as operating earnings plus amortization. Pulp & Corporate Lumber Panels paper & other Consolidated---------------------------------------------------------------------------October 1, 2011 to December 31, 2011Sales at market prices To external customers $ 370 $ 93 $ 187 $ - $ 650 --------------- To other segments 22 1 - ----------------------------------------------------------- $ 392 $ 94 $ 187 $ -----------------------------------------------------------EBITDA(1) $ (8) $ 4 $ 26 $ (4) $ 18Amortization (22) (4) (13) (1) (40)---------------------------------------------------------------------------Operating earnings (30) - 13 (5) (22)Finance expense (2) (1) (1) (1) (5)Exchange gain on long-term debt - - - 9 9Other income (expense) 2 - (6) 5 1---------------------------------------------------------------------------Earnings from continuing operations before tax provision $ (30) $ (1) $ 6 $ 8 $ (17)---------------------------------------------------------------------------1. Non-IFRS measure:EBITDA is defined as operating earnings plus amortization. Pulp & Corporate Lumber Panels paper & other Consolidated---------------------------------------------------------------------------January 1, 2012 toDecember 31, 2012Sales at market prices To external customers $ 1,783 $ 442 $ 775 $ - $ 3,000 --------------- To other segments 72 6 - ---------------------------------------------------------------------------- $ 1,855 $ 448 $ 775 $ ----------------------------------------------------------------------------EBITDA(1) $ 180 $ 55 $ 109 $ (65) $ 279Amortization (86) (16) (48) (2) (152)---------------------------------------------------------------------------Operating earnings 94 39 61 (67) 127Finance expense (10) (3) (6) - (19)Exchange gain on long-term debt - - - 7 7Other income (expense) (4) - 1 3 ----------------------------------------------------------------------------Earnings from continuing operations before tax provision $ 80 $ 36 $ 56 $ (57) $ 115---------------------------------------------------------------------------1. Non-IFRS measure:EBITDA is defined as operating earnings plus amortization. Pulp & Corporate Lumber Panels paper & other Consolidated---------------------------------------------------------------------------January 1, 2011 to December 31, 2011Sales at market prices To external customers $ 1,579 $ 370 $ 813 $ - $ 2,762 --------------- To other segments 91 8 - ---------------------------------------------------------------------------- $ 1,670 $ 378 $ 813 $ ----------------------------------------------------------------------------EBITDA(1) $ 65 $ 8 $ 148 $ 5 $ 226Amortization (85) (15) (65) (3) (168)---------------------------------------------------------------------------Operating earnings (20) (7) 83 2 58Finance expense (11) (3) (6) - (20)Exchange loss on long-term debt - - - (7) (7)Other income 10 - 3 1 14---------------------------------------------------------------------------Earnings from continuing operations before tax provision $ (21) $ (10) $ 80 $ (4) $ 45---------------------------------------------------------------------------1. Non-IFRS measure:EBITDA is defined as operating earnings plus amortization.
The geographic distribution of external sales is as follows:
---------------------------------------------------------------------------- October 1 to December 31 January 1 to December 31 2012 2011 2012 2011----------------------------------------------------------------------------United States $ 368 $ 318 $ 1,435 $ 1,303Canada 194 157 747 652China 139 96 513 456Other Asia 47 53 201 229Other 25 26 104 122---------------------------------------------------------------------------- $ 773 $ 650 $ 3,000 $ 2,762--------------------------------------------------------------------------------------------------------------------------------------------------------
Sales distribution is based on the location of product delivery by the Company.
Contacts:
West Fraser Timber Co. Ltd.
Larry Hughes
Vice-President, Finance and Chief Financial Officer
(604) 895-2700
West Fraser Timber Co. Ltd.
Rodger Hutchinson
Vice-President, Corporate Controller
(604) 895-2700
(604) 681-6061 (FAX)
www.westfraser.com
