Financial Data and Key Metrics Changes - The first quarter EBITDA improved significantly to approximately $82 million compared to about $49.5 million in Q4, driven by higher pulp and lumber pricing [7][6] - Net income for the quarter was nearly $6 million or $0.09 per share, a recovery from a net loss of $13 million or $0.20 per share in Q4 [13] - Cash generated in the quarter totaled almost $34 million, up from $16 million in Q4, reflecting a strong liquidity position of about $672 million at the end of the quarter [14][15] Business Segment Data and Key Metrics Changes - The pulp segment contributed EBITDA of $52.3 million, while the wood products segment achieved record quarterly EBITDA of $31.7 million [7] - Average quarterly softwood and hardwood pulp prices increased significantly, with the Q1 average NBSK net price in China at $883 per ton, up $246 from Q4 [8] - Lumber sales realization increased to $622 per thousand board feet, up $155 compared to Q4, with sales volumes rising to about 108 million board feet [11] Market Data and Key Metrics Changes - Pulp demand remained strong, although sales volume decreased to about 488,000 tonnes, down 75,000 tonnes from Q4 due to maintenance shutdowns [9] - US lumber prices rose steadily, with benchmark prices exceeding $1300 per thousand board feet, driven by strong housing market demand [10][28] - The European lumber market experienced modest upward pricing pressure, while the US market remains at historically high levels [28] Company Strategy and Development Direction - The company is focused on optimizing its capital expenditures and has ramped up its strategic initiatives to grow in areas of core competencies [38] - Significant projects include the Stendal pulp mill expansion and modernization of wood rooms at Peace River and Celgar, aimed at increasing capacity and reducing costs [39][40] - The company plans to balance growth with deleveraging and is cautious about capital allocation in light of market volatility [76][78] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about steady economic growth and strong market fundamentals supporting pulp prices, despite ongoing challenges from the COVID-19 pandemic [25][26] - The company anticipates that supply constraints in the pulp market may persist for several quarters due to unplanned downtime and transportation limitations [26] - Management emphasized the importance of safety protocols during maintenance activities to mitigate risks associated with the pandemic [35] Other Important Information - The company announced a quarterly dividend of $0.065 per share for shareholders of record on June 30, 2021 [19] - The refinancing of senior notes is expected to lower annual interest costs by about $12 million [18] Q&A Session Summary Question: How do lumber prices in European markets compare to the US? - Management noted that European margins are improving but still lag behind US margins, with significant price movements observed [47][48] Question: What is the long-term fiber availability in Germany? - Management indicated that approximately 50% of forests are state or federally owned, and the beetle infestation is regionally dependent, but they remain confident in timber supply for their operations [49] Question: What impact do potential changes in British Columbia's tenure ownership have on the company? - Management expressed confidence that the situation would remain stable, with a good supply of raw materials available for their operations [50][51] Question: How does the company prioritize cash flow uses? - Management stated a balanced capital allocation strategy focusing on growth projects while also considering deleveraging and shareholder returns [75][78] Question: Can you provide insights on the grants related to GHG reductions? - Management detailed several projects with significant cost savings and potential EBITDA impacts, supported by government grants for carbon reduction initiatives [81][84]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File No.: 000-51826 MERCER INTERNATIONAL INC. (Exact name of Registrant as specified in its charter) Washington 47-0956945 (State or other ...

Mercer International Inc. (NASDAQ:MERC) Q4 2020 Earnings Conference Call February 17, 2021 10:00 AM ET Company Participants David Gandossi - President and Chief Executive Officer David Ure - Senior Vice President Finance, Chief Financial Officer and Secretary Conference Call Participants Hamir Patel - CIBC Capital Markets Sean Steuart - TD Securities Andrew Kuske - Credit Suisse Andrew Shapiro - Lawndale Capital Sam McGovern - Credit Suisse Paul Quinn - RBC Capital Markets Operator Good morning. And welcom ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No.: 000-51826 MERCER INTERNATIONAL INC. (Exact name of Registrant as specified in its charter) Washington 47-0956945 (State or other jurisdiction (IRS Emp ...

Mercer International Inc. (NASDAQ:MERC) Q3 2020 Earnings Conference Call October 30, 2020 10:00 AM ET Company Participants David Ure - Chief Financial Officer David Gandossi - Chief Executive Officer Conference Call Participants Hamir Patel - CIBC Capital Markets Sean Steuart - TD Securities Andrew Kuske - Credit Suisse Andrew Shapiro - Lawndale Capital Operator Good morning, and welcome to Mercer International's Third Quarter 2020 Earnings Conference Call. On the call today is David Gandossi, President and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ FORM 10-Q Commission File No.: 000-51826 MERCER INTERNATIONAL INC. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of Registrant as specified in its charter) For the quarterly period ended September 30, 2020 Washington 47-0956945 OR (State or ot ...

Mercer International Inc. (NASDAQ:MERC) Q2 2020 Earnings Conference Call July 31, 2020 11:00 AM ET Company Participants David Ure - Chief Financial Officer David Gandossi - Chief Executive Officer Conference Call Participants Sean Steuart - TD Securities Marcus Campeau - RBC Capital Markets Andrew Shapiro - Lawndale Capital Andrew Kuske - Credit Suisse DeForest Hinman - Walthausen & Company Hamir Patel - CIBC Capital Markets Operator Good morning, and welcome to Mercer International Second Quarter 2020 Earn ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File No.: 000-51826 MERCER INTERNATIONAL INC. (Exact name of Registrant as specified in its charter) Washington 47-0956945 (State or other j ...

Mercer International Inc. (NASDAQ:MERC) Q1 2020 Earnings Conference Call May 1, 2020 10:00 AM ET Company Participants David Gandossi - President and CEO David Ure - SVP, Finance and CFO Conference Call Participants Hamir Patel - CIBC Capital Markets Sean Steuart - TD Securities Marcus Campeau - RBC Capital Markets Andrew Shapiro - Lawndale Capital Management Andrew Kowski - Credit Suisse Adam Zirkin - Knighthead DeForest Hinman - Walthausen & Company Austin Nelson - AIG Operator Good morning and welcome to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File No.: 000-51826 MERCER INTERNATIONAL INC. (Exact name of Registrant as specified in its charter) Washington 47-0956945 (State or other ...