Company at a Glance

Corporate Overview

  • We manufacture diverse specialty printing papers, newsprint and pulp for retailers, publishers and commercial printers
  • We have an annual production capacity of 1.9 million tonnes
  • We are:
    • The largest producer of mechanical printing paper in western North America, and the fourth largest on the continent
    • The only western North American producer of coated mechanical paper and soft calender paper
    • Among the largest producers of directory paper in the world
  • We offer extensive recycled production at our Snowflake, AZ mill, and our Sage line of environmentally friendly specialty papers made at our BC mills
  • We are headquartered in Richmond, British Columbia, Canada and our common shares trade on the TSX (CTL)
  • We respond to both the Carbon Disclosure Project and the Forest Footprint Disclosure Project and are included in the Jantzi Social Index®
  • All of our mills are Forest Stewardship Council (FSC) chain-of-custody certified.  Also, our BC mills are certified to the PEFC chain-of-custody standard.

Manufacturing Facilities

(no. of machines)

Specialty Printing Papers

Newsprint

NBSK Market Pulp1

Crofton, BC (3)

145,000

291,000

310,000

Port Alberni, BC (2)

338,000

-

-

Powell River, BC (3)

449,000

30,000

-

Snowflake, AZ (2) 2

48,000

289,000

-

1  Total pulp capacity at Crofton is 370,000 tonnes, of which 310,000 tonnes are designated as market pulp with the remainder of 60,000 tonnes being consumed internally.
2 100% recycled production

Production Capacity

Sales by Segment
(% of 2010 sales $)

Sales by Market
(% tonnes 2010)

Specialty Printing Papers

52%

Specialty Printing Papers

57%

United States

56%

Newsprint

32%

Newsprint

25%

Canada

12%

Market Pulp

16%

Market Pulp

18%

Latin America

9%

Total Tonnes

1,900,000

   

Asia & Australasia

22%

       

Europe & Other

1%

Performance Highlights

Social

Q3 2011

Q2 2011

Q3 2010

Lost time injuries/ 200,000 hours worked; Target = 1.57 0.71 1.37 2.75
Medical incidents/ 200,000 hours worked; Target = 3.20
(includes both lost time and less serious incidents)
3.79 4.10 4.58

Financial ($MM, except EPS and exchange)

Q3 2011

Q2 2011

Q3 2010

Sales $340.3 $297.8 $322.3
Net earnings (loss) attributable to company (205.7) (47.4) 6.0
- before specific items (14.1) (46.9) (9.6)
EBITDA 26.8 (3.9) 34.2
- before specific items 26.8 (3.9) 34.5
Free Cash Flow 1.4 (28.3) 11.0
Total Liquidity 125.9 136.4 183.9
Capital Spending 5.6 5.6 2.4
Net earnings (loss) per share attributable to the company's common shareholders - basic and diluted (in dollars) (0.54) (0.13) 0.02
US$/CDN$ Exchange, average spot rate 1.020 1.033 0.962

Commercial (000 tonnes)

Q3 2011

Q2 2011

Q3 2010

Total Sales 439.8 393.0 412.1
Production & Capacity Utilization   Production
  Specialties 230.0 200.9 226.6
  Newsprint 111.6 111.7 120.1
  Pulp 86.7 83.5 71.0
  Curtailment
  Specialties - - -
  Newsprint 39.8 36.3 35.3
  Pulp - - -

Environmental

Q3 2011

Q2 2011

Q3 2010

Greenhouse Gases (kg C02e/t)1 610 540 640

1 GHG intensity measures are based on production totals including internally produced and consumed pulp and product not meeting quality requirements for sale.  Q1 2011 value has been corrected to adjust for an over-statement of landfill emissions.

All figures in Canadian dollars.

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