Interfor Investment Highlights - Interfor is a top three softwood lumber producer in North America with 28 strategically located facilities[6] - The company has high exposure to the US South and Eastern Canada with attractive log costs[6] - Interfor has top quartile EBITDA margins and returns on capital employed through the cycle[6] - As of October 1, 2025, Interfor had approximately $386 million of liquidity[6] Market and Operations - Softwood lumber accounted for 81% of Interfor's $3 billion in 2024 revenues[18] - Approximately 75% of Interfor's sales volumes are not exposed to lumber duties or tariffs[19] - Interfor has 47 billion board feet of lumber production capacity, with 50% in the US South, 23% in Eastern Canada, 16% in BC Interior and 12% in US Northwest[26] Lumber Market Fundamentals - Repair & Remodel accounts for 38%, New Home Construction 32%, and Industrial/Commercial/Other 30% of North American lumber demand[35] - Since 2016, nearly 54% of BC industry capacity has been curtailed due to declining log supply[45] - Approximately 25% of Interfor's shipments are exposed to duties[48]

Core Points - The presentation is led by John Corkrean, the Executive VP & CFO of H.B. Fuller, during the Investor Day event [1] - The company emphasizes the importance of safety and provides emergency instructions for attendees [1] - Forward-looking statements will be made during the presentation, indicating that actual results may differ from projections [2] - The company will discuss non-GAAP measures such as adjusted EBITDA and organic revenue to provide a clearer picture of business performance [2] - Attendees are reminded to silence their phones during the presentation [2]

Core Viewpoint - NOV reported revenues of $2.2 billion for the second quarter of 2025, indicating a significant performance metric for the company [4]. Group 1: Company Participants - The earnings call featured key company executives including Clay C. Williams (Chairman & CEO), Jose A. Bayardo (President & COO), and Rodney C. Reed (Senior VP & CFO) [1][3]. - Amie D'Ambrosio served as the Director of Investor Relations and led the conference call [2][3]. Group 2: Earnings Call Context - The earnings call was held to discuss NOV's financial performance for the second quarter of 2025, with a focus on forward-looking statements and potential risks [3][4]. - The company emphasized that actual results may differ from forward-looking statements due to inherent risks and uncertainties [3].