Investor Relations

Investor Relations

Catalyst Paper produces a broad range of communication papers for commercial printing, retail advertising and direct marketing applications. With mills strategically located to serve North American and Pacific Rim markets, prudent fiscal management, and ongoing social and environmental performance and transparency, Catalyst is well regarded as a competitive and customer-focused operator. Learn more about what sets us apart.

Governance

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Earnings Conference Call

EARNINGS RELEASE Calendar

Q1 Earnings Released Apr 27 2011
Earnings Conference Call Apr 28 2011
Q2 Earnings Released Aug 1 2011
Earnings Conference Call Aug 2 2011
Q3 Earnings Released Nov 14 2011
Earnings Conference Call Nov 15 2011
Q4 Earnings Released Feb 29 2012
 

Dates Subject to Change

Debt Investment

Capital Resources ($ millions)

Q3 2011

Q2 2011

Q3 2010

Borrowing base 1 $167.3 $134.3 $161.7
Letters of credit (27.7) (28.1) (25.1)
Amount drawn, net (31.5) - -
Minimum excess availability - - (35.0)
Available to be drawn 2 108.1 106.2 101.6
Cash on hand 17.8 30.2 82.3
Total Liquidity $125.9 $136.4 $183.9

1 The borrowing base at September 30, 2011 includes a reserve of $0.4 million for unpaid property taxes and associated penalties (Q2 2011 - $4.5 million, Q1 2011 - $4.4 million)
2 Our ABL Facility is subject to certain financial covenants as disclosed in our interim consolidated financial statements for the three and nine months ended September 30, 2011 in note 11, Long-term debt.



Long-Term Debt ($ millions)

At September 30, 2011

At December 31, 2010

Recourse

Senior notes - 8.625% due June 2011 $- $25.9
Senior notes - 7.375% due March 2014 262.0 251.6
Senior secured notes - 11.0% due December 2016 291.3 278.9
Modification - difference in carrying value of 8.625% and 11.0% senior secured notes on exchange 32.5 36.2
Class B senior secured notes - 11.0% due December 2016 100.5 94.3
Revolving asset-based loan facility of up to $175.0 million due May 2016 31.5 -
Capital lease obligation 9.5 10.2

Non-recourse

First mortgage bonds - 6.447% due July 2016 95.0 95.0
Subordinated promissory notes 18.8 18.8

Total Debt

$841.1 $810.9

Less Current Portion

1.0 27.0

Total Long-Term Debt

$840.1 $783.9

All figures in Canadian dollars.

Bonds Analysts

Any opinions, estimates or forecasts regarding Catalyst's performance made or provided by these analysts are the analysts' alone, and do not represent opinions, estimates or forecasts of Catalyst or its management. Catalyst does not express any representation, warranty or opinion with respect to any of the opinions, estimates or forecasts of any of these analysts.

Bond Analysts

Analyst

Phone number

Barclays Capital Jeffrey Harlib (212) 526-3891
Credit Suisse First Boston Bruce Klein (212) 538-3289
Goldman Sachs Joe Stivaletti (212) 902-3299
JP Morgan Christopher Miller (212) 270-3211
Oppenheimer & Co. Hoai Ngo (212) 885-4756
RBC Capital Markets William Hoffmann (212) 428-2362

What distinguishes Catalyst Paper?

Reliability of Paper

As the mix of online media gets more complicated and fragmented, on-paper communication provides unique advantages including ease of use, widespread availability, sustainable and reliable production, and permanence.

Efficiency and Track Record

Excellent supply chain logistics and proximity to key markets for both inputs and sales enable Catalyst operations to deliver product on-time and on-quality while achieving freight and inventory management efficiency – measured in material miles, dunnage and delivery windows.

Product Range and Innovation

As a convenient one-stop supplier for commercial printers, retail advertisers and direct marketers, we continually extend and optimize our product line. Catalyst is the only manufacturer in western North America that can provide commodity through to coated and uncoated specialty paper grades.

Sustainability Expertise

Catalyst made large-scale greenhouse gas reductions early, was first to introduce manufactured carbon-neutral paper for the mass market and is recognized for transparency relating to environmental performance and reporting. We’re skilled in addressing stakeholder and environmental risks and opportunities.

Manufacturing Base

Our mills are powered by renewable energy and electricity self-sufficiency and are in freight logical proximity to fibre sources. Catalyst is a preferred choice for customers in western North America, with the streamlined multi-mode transportation capability to reach key continental and offshore markets.

Decisive Action

True to its name, Catalyst has shown management tenacity in decisive and timely actions to address business conditions. Whether that means production curtailment, operational consolidation or leadership on industry policy matters, we are adapting to ever-changing realities and will continue to do so.

Equity Investment

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Equity Analysts

Any opinions, estimates or forecasts regarding Catalyst's performance made or provided by these analysts are the analysts' alone, and do not represent opinions, estimates or forecasts of Catalyst or its management. Catalyst does not express any representation, warranty or opinion with respect to any of the opinions, estimates or forecasts of any of these analysts.

Equity Analysts

Analyst

Phone number

Jantzi-Sustainalytics Annie White (416) 861-0403 ext 24
RBC Capital Markets Paul Quinn (604) 257-7048
Salman Partners Mike Richmond (604) 622-5563
Scotia Capital Benoit LaPrade (514) 287-3627

 

Events and Presentations

2011

Q3

Earnings Conference Call:

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2010

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2009

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2008

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Annual Reports

Statutory Disclosures

All of the materials available in this section are filed with regulatory authorities and can be accessed here:

ListSEDAR

ListEDGAR

Sustainability Reports

Statutory Reports

Other Filings

Contact Us

Brian Baarda
Vice-President, Finance & CFO
604-247-4710

Lyn Brown
Vice-President Marketing & Corporate Responsibility
604-247-4713
Email contact form

Alistair MacCallum
Vice-President Treasurer & Controller
604-247-4037

Account Transfer Info

For address changes or to request information on electronic deposit of dividends, stock transfers or lost certificates, please contact our transfer agent and registrar. CIBC Mellon Trust Company has principal offices in Vancouver, Toronto and Montreal.

Vancouver

CIBC Mellon Trust Company
1066 West Hastings Street
Suite 1600
Vancouver, B.C.
V6E 3X1
Telephone: 604-688-4330

Toronto

CIBC Mellon Trust Company
320 Bay Street
P.O. Box 1
Toronto, Ontario
M5H 4A6
Telephone: 416-643-5000

Montreal

CIBC Mellon Trust Company
2001 University Street
16th Floor
Montreal, Quebec
H3A 2A6
Telephone: 514-285-3600

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