Financials Western Forest Products Inc.

Equities

Market Closed - Toronto S.E. Other stock markets 16:00:00 2026-01-19 EST			5-day change	1st Jan Change
13.78 ^CAD	-0.93%		+15.90%	+25.39%

12-16	TSX Closer: Down Again, the Index Has Lost Near 400 Points Over Three Straight Losing Days	MT
11-28	RBC on Federal Support Measures For Canadian Softwood Lumber Industry	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	964.9	1,418	1,444	1,018	1,064	997	1,030	1,089
Change	-	46.93%	1.86%	-29.54%	4.56%	-6.29%	3.28%	5.77%
EBITDA ¹	103.2	302.1	136.9	-29.9	8.9	-47.18	-21.95	24.43
Change	-	192.73%	-54.68%	-121.84%	129.77%	-630.06%	53.47%	211.31%
EBIT ¹	53.9	267.1	84.3	-	-45.4	-102.8	-49.4	-25
Change	-	395.55%	-68.44%	-	-	-126.54%	51.97%	49.39%
Interest Paid ¹	-5.9	-1.9	-2	-3	-6.7	-14.2	-5.05	-9
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Net income ¹	33.1	202.8	-	-	-	-83.6	-34	-
Change	-	512.69%	-	-	-	-	59.33%	-
Announcement Date	2/18/21	2/16/22	2/16/23	2/13/24	2/13/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	318.9	322.5	414.4	352.9	327.9	359.6	437.4	356	291	263.8	276	231.1	246.6	239.5	309.5	241.7	273.2	262.5	289.1	233	201.5	-	-	-	-	-	-	-
Change	-	1.13%	28.5%	-14.84%	-7.08%	9.67%	21.64%	-18.61%	-18.26%	-9.35%	4.62%	-16.27%	6.71%	-2.88%	29.23%	-21.91%	13.03%	-3.92%	10.13%	-19.41%	-13.52%	-	-	-	-	-	-	-
EBITDA ¹	59.2	62.9	120.4	68.6	52.5	65.4	66.2	17.3	-11.9	-5	-12	-11.6	-1.2	-4.2	9.4	-10.7	14.4	3.5	0.5	-65.9	-14.85	-5.9	-3.733	-8.5	-8.033	6.8	7.2	6.5
Change	-	6.25%	91.41%	-43.02%	-23.47%	24.57%	1.22%	-73.87%	-168.79%	57.98%	-140%	3.33%	89.66%	-250%	323.81%	-213.83%	234.58%	-75.69%	-85.71%	-13,280%	77.47%	60.27%	36.72%	-127.68%	5.49%	184.65%	5.88%	-9.72%
EBIT ¹	49	65	106.6	56.6	38.9	51.5	53.4	8.9	-29.5	-23.4	-27.5	-23.4	-14.4	-15.3	-5.4	-27	2.3	14.8	-21.8	-71.1	-24	-	-	-	-	-	-	-
Change	-	32.65%	64%	-46.9%	-31.27%	32.39%	3.69%	-83.33%	-431.46%	20.68%	-17.52%	14.91%	38.46%	-6.25%	64.71%	-400%	108.52%	543.48%	-247.3%	-226.15%	66.24%	-	-	-	-	-	-	-
Charge d'intérêts ¹	0.5	-0.9	-0.4	-	-	-	-	-	-	-	-0.5	-0.5	-1.8	-2.1	-1.6	-1.2	-1.8	-1.1	-0.7	-12	-1	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/18/21	5/5/21	8/5/21	11/3/21	2/16/22	5/4/22	8/3/22	11/3/22	2/16/23	5/3/23	8/3/23	11/7/23	2/13/24	5/7/24	7/31/24	11/6/24	2/13/25	5/6/25	8/7/25	11/5/25	-	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	90.8	-112	7.4	82.4	77.6	35.3	66.6	109
Change	-	-223.35%	106.61%	1,013.51%	-5.83%	-54.51%	88.67%	63.66%
Announcement Date	2/18/21	2/16/22	2/16/23	2/13/24	2/13/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	18.7	31.9	44.3	44.4	33.4	33.2	40.67	38.5
Change	-	70.59%	38.87%	0.23%	-24.77%	-0.6%	22.49%	-5.33%
Free Cash Flow (FCF) ¹	61.7	249.7	-55	-78.2	-13.3	-10.1	-69.85	15
Change	-	304.7%	-122.03%	-42.18%	82.99%	24.06%	-591.58%	121.47%
Announcement Date	2/18/21	2/16/22	2/16/23	2/13/24	2/13/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	10.7%	21.31%	9.48%	-2.94%	0.84%	-4.73%	-2.13%	2.24%
EBIT Margin (%)	5.59%	18.84%	5.84%	-	-4.27%	-10.32%	-4.8%	-2.3%
EBT Margin (%)	-	-	-	-	-	-	-	-
Net margin (%)	3.43%	14.3%	-	-	-	-8.39%	-3.3%	-
FCF margin (%)	6.39%	17.61%	-3.81%	-7.69%	-1.25%	-1.01%	-6.78%	1.38%
FCF / Net Income (%)	186.4%	123.13%	-	-	-	12.08%	205.44%	-
Profitability
ROA	-	-	-	-7.41%	-	-	-	-
ROE	-	-	-	-11.3%	-5.41%	-8.6%	-7.6%	1.5%
Financial Health
Leverage (Debt/EBITDA)	0.88x	-	0.05x	-2.76x	8.72x	-0.75x	-3.03x	4.46x
Debt / Free cash flow	1.47x	-	-0.13x	-1.05x	-5.83x	-3.49x	-0.95x	7.27x
Capital Intensity
CAPEX / Current Assets (%)	1.94%	2.25%	3.07%	4.36%	3.14%	3.33%	3.95%	3.54%
CAPEX / EBITDA (%)	18.12%	10.56%	32.36%	-148.49%	375.28%	-70.38%	-185.27%	157.57%
CAPEX / FCF (%)	30.31%	12.78%	-80.55%	-56.78%	-251.13%	-328.71%	-58.22%	256.67%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	0.675	1.2	1.425	1.125	-	-	-	-
Change	-	77.78%	18.75%	-21.05%	-	-	-	-
Book Value Per Share ¹	40.34	55.85	59.72	53.51	52.87	45.47	42.25	-
Change	-	38.47%	6.92%	-10.38%	-1.21%	-14%	-7.08%	-
EPS ¹	2.7	16.8	5.7	-6.6	-3	-7.805	-3.775	-2.17
Change	-	522.22%	-66.07%	-215.79%	54.55%	-160.17%	51.63%	42.52%
Nbr of stocks (in thousands)	12,507	11,382	10,558	10,558	10,558	10,558	10,558	10,558
Announcement Date	2/18/21	2/16/22	2/16/23	2/13/24	2/13/25	-	-	-