Core Points - West Fraser Timber Co. Ltd. held its Annual General Meeting on April 23, 2025, in Quesnel, B.C., where shareholders voted on various matters [1]. Voting Results for the Election of Directors - A total of 60,282,131 shares were voted, representing 75.75% of all outstanding shares [2]. - All director nominees were elected with significant support, including: - Hank Ketcham: 90.39% in favor - Doyle N. Beneby: 96.27% in favor - Eric L. Butler: 99.91% in favor - Reid E. Carter: 98.40% in favor - John N. Floren: 98.97% in favor - Ellis Ketcham Johnson: 98.86% in favor - Brian G. Kenning: 96.71% in favor - Marian Lawson: 99.90% in favor - Sean P. McLaren: 99.93% in favor - Colleen M. McMorrow: 99.93% in favor - Janice G. Rennie: 90.16% in favor - Gillian D. Winckler: 99.58% in favor [2]. Voting Results for Other Matters - Shareholders approved the number of directors to be fixed at twelve [3]. - PricewaterhouseCoopers LLP was appointed as the auditor of the Company [3]. - The resolution on executive compensation (Say-on-Pay) was approved with 90.04% of votes in favor [3]. Company Overview - West Fraser is a diversified wood products company with over 50 facilities across Canada, the United States, the United Kingdom, and Europe [5]. - The Company produces a variety of products including lumber, engineered wood products, pulp, and newsprint, which are utilized in home construction, industrial applications, and paper products [5].

INVESTOR PRESENTATION April 2025 Photo: Chetwynd Woodlands, Chetwynd, B.C., Canada Financial Information: The financial information related to West Fraser contained in this Presentation is derived from our Q1 2025 interim Financial Statements, which have been prepared in accordance with International Financial Reporting Standards ("IFRS") and is discussed in our Managements' Discussion and Analysis ("MD&A") for the three months ended March 28, 2025 (our "Q1 2025 MD&A"). Additional information is also discus ...

West Fraser Timber Co. Ltd. (NYSE:WFG) Q1 2025 Earnings Conference Call April 23, 2025 10:00 AM ET Company Participants Sean McLaren – President and Chief Executive Officer Chris Virostek – Senior Vice President and Chief Financial Officer Matt Tobin – Senior Vice President of Sales and Marketing Conference Call Participants Ketan Mamtora – BMO Capital Markets Sean Steuart – TD Cowen Hamir Patel – CIBC Capital Markets Matthew McKellar – RBC Capital Markets Operator Good morning, ladies and gentlemen, and we ...

Core Insights - West Fraser Timber Co. Ltd. reported a strong first quarter in 2025, with sales of $1.459 billion and earnings of $42 million, marking a significant recovery from a loss in the previous quarter [4] - The company is navigating challenges related to demand uncertainty for wood products due to housing affordability issues and U.S. tariffs, while focusing on cost management and capital investments [3][5] Financial Performance - First quarter sales increased to $1.459 billion from $1.405 billion in the previous quarter, with earnings of $42 million compared to a loss of $62 million [4] - Adjusted EBITDA for Q1-25 was $195 million, up from $140 million in Q4-24, indicating improved operational efficiency [4] Market Conditions - Demand for wood building products remains uncertain due to ongoing housing affordability challenges and recent tariff actions by the U.S. administration [3][5] - The U.S. housing market showed a seasonally adjusted annualized rate of 1.32 million housing starts in March 2025, with permits issued at 1.48 million [14] Tariff Impacts - The U.S. administration imposed a 25% tariff on Canadian wood products in early March 2025, which was temporarily paused for USMCA-compliant goods until April 2, 2025 [6][7] - Following the pause, a new executive order imposed tariffs starting at 10% on all imports, affecting Canadian goods but exempting USMCA-compliant products [7] Operational Strategy - The company is optimizing its production by shifting to lower-cost mills and modernizing operations to enhance efficiency [2][3] - Capital expenditures in Q1-25 were $104 million, with a total expected range of $400 million to $450 million for the year [9][21] Segment Performance - The Lumber segment achieved an Adjusted EBITDA of $66 million, while the North America Engineered Wood Products segment reported $125 million [11] - The Pulp & Paper segment faced challenges with anticipated pricing weakness due to tariff impacts, particularly in Chinese markets [19] Future Outlook - The company expects medium to long-term demand for new home construction to be supported by improved housing affordability and an aging housing stock [12][13] - Despite near-term uncertainties, the company remains optimistic about navigating market challenges and capitalizing on growth opportunities [15]

VANCOUVER, B.C., April 3, 2025 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX andNYSE: WFG) will hold an analysts' conference call to discuss first quarter 2025 financial and operating results on Wednesday, April 23, 2025 at 7:00 a.m. Pacific Time/10:00 a.m. Eastern Time.To participate in the call, please dial:  1-888-510-2154 (Toll-free North America) or (437) 900-0527 (Toll number) or connect on the webcast.Please let the operator know you wish to participate in the West ...

INVESTOR PRESENTATION February 2025 Photo: Edson Forest Products – Edson, Alberta, Canada Financial Information: The financial information related to West Fraser contained in this Presentation is derived from our 2024 Annual Financial Statements, which have been prepared in accordance with International Financial Reporting Standards ("IFRS") and is discussed in our Managements' Discussion and Analysis ("MD&A") for the year ended December 31, 2024 (our "2024 Annual MD&A"). This Presentation uses various Non- ...

West Fraser Timber Co. Ltd. (NYSE:WFG) Q4 2024 Earnings Conference Call February 13, 2025 11:30 AM ET Company Participants Sean McLaren - President & CEO Christopher Virostek - CFO Matt Tobin - SVP, Sales & Marketing Conference Call Participants Ben Isaacson - Scotiabank Sean Steuart - TD Cowen Ketan Mamtora - BMO Capital Markets Matthew McKellar - RBC Capital Markets Hamir Patel - CIBC Operator Good morning, ladies and gentlemen, and welcome to the West Fraser Q4 2024 Results Conference Call. [Operator Ins ...

VANCOUVER, BC, Feb. 12, 2025 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and  NYSE: WFG) announced today that it filed its 2024 annual report on Form 40-F with the SEC on EDGAR (www.sec.gov/edgar). The Form 40-F includes the Company's audited financial statements for the year ended December 31, 2024, annual management's discussion and analysis ("MD&A") and annual information form, each of which have been filed with Canadian securities authorities on SEDAR+ (www.sedarplus ...

Fourth Quarter Highlights Annual Highlights News Release For Immediate Release West Fraser Announces Fourth Quarter 2024 Results VANCOUVER, B.C., February 12, 2025 – West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) reported today the fourth quarter results of 2024 ("Q4-24"). All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise. "The fourth quarter of 2024 saw continued resiliency in our NA Engineered Wood Products business, where supply ...

VANCOUVER, BC, Feb. 12, 2025 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX andNYSE: WFG) reported today the fourth quarter results of 2024 ("Q4-24"). All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise. Fourth Quarter Highlights   Sales of $1.405 billion and loss of $62 million, or $(0.80) per diluted share Adjusted EBITDA1 of $140 million, representing 10% of sales  Lumber segment Adjusted EBITDA1 of $21 million   North America Eng ...