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, a strong balance sheet, and ongoing social and environmental performance and transparency, Catalyst is well regarded as a competitive, innovative and customer-focused operator. Some key information and quick links to other resources are found below, and you can also learn more about what sets us apart.

Governance

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What distinguishes Catalyst Paper?

Balance Sheet Strength

A recent reorganization cut our debt load by $390 million or 60 per cent. Competitive bond and credit facility terms enable us to service our remaining debt, meet other cash flow requirements, and invest prudently in our business.

Cost Competitive

A long-standing focus on cost containment took a big leap forward with a $70 million reduction in annual interest and other cash costs achieved through our reorganization. Operational rationalization and machine optimization give our mills flexibility to adjust with order book requirements.

Product Range and Innovation

Our broad range of publication papers is unrivaled in Western North America and our leadership in lighter basis weight paper production is well-suited for today’s needs. Ongoing product innovation and excellent customer service makes us a reliable, agile one-stop supplier able to anticipate and adjust with the market.

Sustainability Expertise

We were among the first to act on the greenhouse gas challenge and did so decisively and effectively. Strong partnerships with leading environmental groups are helping sustain our progress on such key considerations as fibre origin and certification, and energy and water use.

Strong Manufacturing Base

Our three mills are located within a 100-mile radius on the west coast, with efficient access to multi-modal transportation options reaching across North America, around the Pacific Rim and beyond. Our mills meet the challenging speed, efficiency and product-quality requirements of today’s customers.

Strong Customer Base

We are a preferred and long-standing supplier to a range of household-name publishing and retail brands whose marketing strategies epitomize the ongoing relevance of print in the media mix. A reputation for service excellence helps sustain a strong order book and a high profile across all our end-use segments.

Equity Investment

Upon the conclusion of it recent reorganization, the large majority of Catalyst's common shares were held by former bondholders. While a Small Shareholder Selling Program is in effect until February 28, 2013 (unless extended), limited trading is anticipated in the immediately foreseeable future. Meaningful share price and volume tracking data is therefore not available at the current time.

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Last Price 2.400
Change 0
Open
0.000
Low
0.000
High
0.000
% Change
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Volume
22

Share Price

Volume

Chart Options

 Line Chart (Closing Price)
 High-Low-Close Chart

Details

Symbol CYT
Change ($) 0
Previous Close 2.400
High 0.000
Volume 22
Bid Price 2.400
52 Week High 3.250
Dividend 0
Last Price 2.400
Change (%) 0%
Open 0.000
Low 0.000
P/E Ratio 0.0
Ask Price 2.600
52 Week Low 1.000
Yield 0.0%

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

RBC Capital Markets Paul Quinn (604) 257-7048
Salman Partners Mike Richmond (604) 622-5563
Scotia Capital Benoit LaPrade (514) 287-3627

 

Debt Investment

Capital Resources ($millions)

ABL Facility

  2014 2013 2012
  Q1 Q4 Q3 Q2 Q1 Q4 Q3
Borrowing base $148.21 $140.4 $145.8 $138.7 $133.5 $125.2 $164.0
Letters of credit (18.6) (19.3) (19.8) (19.8) (22.1) (22.3) (17.8)
Amount drawn, net (1.3) (10.6) (11.8) - (4.7) (24.0) (64.0)
Availability 2 128.3 110.5 114.2 118.9 106.7 78.9 82.2
Cash on hand 9.9 12.1 13.8 16.0 14.1 18.5 12.6
Restricted cash 22.5 - - - 20.0 0.5 2.0
Total liquidity $160.7 $122.6 $128.0 $134.9 $140.8 $97.9 $96.8

1  Borrowing base for the new ABL Facility included reserves of $1.3 million for pension, $1.9 million for creditor insurance deductibles, $2.0 million for landlord waivers, $1.6 million for employee source deductions and $0.3 million related to WorkSafe BC.
2  Requirement to maintain a minimum fixed charge coverage ratio of 1.0/1.0 if excess availability falls below $21.9 million.

 

Long-Term Debt ($millions)

Successor

Recourse

March 31, 2014

December 31, 2013

Floating rate senior secured notes, due September 2016 (US$19.4 million; December 31, 2012 - US$35.0 million) $21.1 $20.2
Term loan, due July 2017 20.9 -
Senior secured notes, 11.0% due October 2017 (US$240.5.0 million) 265.8 265.9
  306.9 286.1
Revolving asset based loan facility of up to $175.0 million due July 2017 1.3 10.6
Capital lease obligations 6.9 7.1
Total debt 315.1 303.8
Less:  Current portion 1.8 2.0
Total long-term debt 313.3 301.8

Bond 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
JP Morgan Christopher Miller (212) 270-3211
Oppenheimer & Co. Hoai Ngo (212) 885-4756
RBC Capital Markets William Hoffmann (212) 428-2362

 

Annual Reports

Statutory Disclosures

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

ListSEDAR

ListEDGAR

Contact Us

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

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. CST Trust Company has principal offices in Vancouver and Toronto.

Vancouver

CST Trust Company
1066 West Hastings Street
Suite 1600
Vancouver, B.C.
V6E 3X1
Telephone: 1-800-387-0825

Toronto

CST Trust Company
320 Bay Street
P.O. Box 1
Toronto, Ontario
M5H 4A6
Telephone: 1-800-387-0825

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