24th annual global forest & paper industry conference: Agenda and materials

7:00am Registration and continental breakfast

8:00am Conference welcome and Geo-political risk outlook

Bruce McIntyre

Bruce McIntyre is a Partner and the Canadian Leader of PricewaterhouseCoopers’ (PwC) Global Forest, paper & packaging practice. He is also a senior member of PwC’s Sustainable Business Solutions practice, which includes responsibility for strategy consulting, management systems certification, and corporate responsibility report assurance services. Bruce joined PwC in 1986 following several years in resource management positions in industry and government. He has conducted numerous business reviews, management system assessments, financial studies and competitive benchmarking and performance improvement projects. Bruce earned his Bachelor of Science in Forestry degree from the University of British Columbia in 1977. He is a Registered Professional Forester in British Columbia and a Certified Forester with the Society of American Foresters. He completed his Masters in Business Administration at Queen’s University in 1986 and qualified as a Certified Management Consultant in 1989.


Canadian leader, Forest, paper & packaging practice, PwC
Vancouver, Canada
 
Robert Johnston

Robert (“RJ”) is the director of Eurasia Group’s Global Energy & Natural Resources practice. He specializes in oil, gas, power generation, metals, and agriculture research as well as client relations. He received his PhD in international relations from American University in Washington, DC. A native of Canada, he also holds a master’s degree in political science from McMaster University and a bachelor’s degree in political studies from Bishop’s University.

Previously, he was a managing director of equity research at Medley Global Advisors, where he was responsible for providing political, regulatory, and strategic insights across eight sectors to clients in the institutional investment community. In addition, RJ served as the lead analyst for global energy equities and electric utilities. Prior to that, RJ was a research director at UBS Warburg Energy, working directly in support of energy trading, covering issues ranging from electricity regulation, global LNG, US/Canada macroeconomic outlook, and oil markets. Before UBS, RJ directed internal research teams supporting proprietary energy and commodity trading at Enron Global Markets. At ArmorGroup, RJ directed political risk research for corporate clients in a variety of markets including China, Russia, Colombia, and Indonesia.


Director, Global Energy and Natural Resources, Eurasia Group
New York, USA
   
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8:45am Economic outlook and financial performance

Lynn O. Michaelis (Dr.)

As Executive Adviser and Senior Economist with RISI, Lynn brings new ways to help executives think about the future, using the data and forecasts developed by RISI. Over the last year Lynn has helped develop a new “model” for the housing starts forecast. Lynn works with clients to understand their base case outlook, but also other plausible scenarios that could develop given the unique nature of this cycle.

Previously, Lynn was the Vice President of Marketing and Economic Research at Weyerhauser, and worked closely with Senior Management on strategy development. As a result, he was a participant in the annual strategic reviews of each business. Lynn was also seen as an effective communicator for the company: speaking on industry issues to both the investment community and to customers. The role also included market research and competitor analysis.

At RISI, Lynn has led the annual update of the housing forecast and participates with client consultations on wood products, timber and containerboard outlooks.

Education

  • Washington State University, Ph.D. and M.A. in Economics
  • University of Utah, B.A. in Mathematics
Professional memberships or other associations
  • Adjunct professor, University of Washington
  • Past President of National Association of Business Economists (NABE)
  • Member of two national economist groups.

Exec. adviser/Sr economist,
RISI, Inc.and President, Strategic Economic Analysis, LLC, Bedford, USA
 
Paul Quinn

Paul became the RBC Capital Markets' paper and forest products analyst in 2008. Based in Vancouver, he also has responsibility for building up coverage of the US Forestry sector in addition to his current Canadian-focused coverage.

Paul brings with him an extensive background in the forestry industry, including positions with MacMillan Bloedel and Weyerhaeuser. Prior to joining RBC Capital Markets, he covered the paper and forest products sector as well as being Assistant Director of Research at Salman Partners. Over the past several years, Paul has achieved consistently high rankings for stock picking (StarMine) and top-ranked with institutional investors (Brendan Wood).


Paper and Forest Products Analyst,
RBC Capital Markets
Vancouver, Canada

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Frédéric Bouchard

Frédéric is a Managing Director in the Corporate Finance team in the Montréal office.

He is the Montréal Office Forestry leader and part of PwC’s Global Forest Paper and Packaging team.

Over the past fourteen years, Frédéric has assisted mid-market private and public companies in divestitures, raising capital and acquisitions. Frédéric is the Forest Products transaction leader in Canada and also spent two years working for Stone-Consolidated. His transaction experience includes clients such as: Marathon Pulp Inc., SFK Pulp, Terrace Bay Pulp, Pine Falls Paper Mill, Scierie Claude Forget, Jager Bulding Systems Inc./Temlam Inc., Norbord Inc., North American Forest Products Inc., Beloit Corporation, Enterprises Barette, Uniforest, Coopérative Forestière Laterriere, Bois Oméga, Beaman Lumber, Madawaska Hardwood Flooring, Juniper Lumber, Domtar, Autolog Production Management Inc. and Comact Inc.

Frédéric is a Canadian Chartered Accountant (CA). He is also a CFA and Corporate Finance (CF) charter holder.


Partner, Forest, paper & packaging practice, PwC
Montréal, Canada
 
Eleanor Joy

Eleanor obtained a Bachelor of Commerce degree from the University of British Columbia in 1978. She joined the Vancouver office of Price Waterhouse as an articling student in 1978 and was admitted as a Member of the Institute of Chartered Accountants of British Columbia in 1980. She was admitted as a Member of the Canadian Institute of Chartered Business Valuators ("CICBV") in 1988.

Eleanor has specialized in dispute analysis and valuations for the past 24 years. As a senior member of the team, she oversees a wide variety of assignments. She has qualified as an expert witness and has given evidence in the B.C. Supreme Court and in a number of arbitration hearings.

Eleanor is serving her second 3-year term on the Board of Directors of the CICBV and she is currently the Vice Chair of the CICBV. She will be Chair of the CICBV commencing in June 2011.

Eleanor was the recipient of the Association of Women in Finance 2009 PEAK Award in the Knowledge & Leadership category.


Moderator
Partner, Consulting & Deals, PwC
Vancouver, Canada

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10:25am Theme Panel: Changing Directions

Avrim Lazar

Avrim Lazar is President & CEO of the Forest Products Association of Canada, since January 1, 2002 and he is chair of the Advisory Committee on Paper and Wood Products (ACPWP) to the United Nations.

Avrim has held senior policy positions in the government of Canada in the Ministries of Justice, Agriculture, Environment and Human Resource Development. During this period he was responsible for national policy in areas as diverse as climate change, biodiversity, child poverty, employment insurance and labor force training.

Avrim was Chair of the Committee of the Whole of the Second UN Conference of the Parties to the Convention on Biological Diversity in 1995. He also chaired the National Business Association Roundtable and is the Past-President of the International Council of Forest and Paper Associations (ICFPA).

Avrim taught high school in Vancouver and Zambia from 1969 to 1973. Over the years, Avrim has given many courses in the graduate studies programs at the University of Ottawa and Carleton University and holds degrees in science and education, including a B.Sc (1968) from McGill University, a B.Ed (1970) and a PhEd in Ed (1976) from the University of Ottawa.


President and CEO, Forest Products Association of Canada (FPAC)
Ottawa, Canada
 
Keith Lancastle

Keith was born in Edmonton, Alberta and has over 25 years' experience working in, and on behalf of, a variety of industrial sectors. He has led a number of pan-Canadian and provincial not-for-profit organizations throughout his career.

Keith began his career with the Automotive Service and Repair Association (Alberta) in 1982 and served there for over 10 years. In 1992, he joined the Canadian Automotive Repair and Service (CARS) Council and served as the Executive Director of the CARS Institute.

Keith left CARS in the fall of 1996 and established a consulting practice working with a number of national non-profit organizations, including national sector councils.

In 2000, he was appointed as the first Executive Director of the Canadian Apprenticeship Forum – Forum canadien sur l’apprentissage (CAF-FCA) and served in that role until 2006.
He represented the Canadian Agri-Food Trade Alliance – a federation of agricultural exporters – in Geneva and in Canada during the final stages of the Doha Round of World Trade Organization negotiations.

In June of 2008, he was appointed as the first Executive Director of the Forest Products Sector Council – Conseil sectoriel des produits forestiers (FPSC-CPSF). FPSC-CSPF is a national industry / labour body focused the future labour market needs of Canada’s primary forest products sector.

Keith holds an MBA (1998) from Athabasca University.


Executive Director,
Forest Products Sector Council,
Ottawa, Canada
   
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Phillip Crawley

Phillip Crawley is the Publisher and CEO of The Globe and Mail, Canada’s National Newspaper. He oversees the strategy and operations of The Globe and Mail newspaper, web sites including globeandmail.com, reportonbusiness.com, globeinvestor.com, and globefund.com, and magazines including Report on Business, Globe Investor and Report on [Small] Business.

Since joining the organization in 1998, Crawley has guided The Globe and Mail through intense newspaper competition, led it to highly successful leadership in new media and online products, and achieved strong results in readership performance and advertising revenue, while maintaining high standards for editorial and production quality.

During his tenure, The Globe and Mail and its staff have won 51 National Newspaper Awards, and been honoured by organizations including the Canadian Association of Journalists, World Editors Forum, International Newspaper Colour Quality Club, National Magazine Awards, the Canadian Journalists Foundation, Michener Awards, PEN Canada, and the News Photographers Association of Canada.

Prior to joining The Globe and Mail, Crawley held a variety of senior executive positions with some of the world’s leading newspaper and media companies in Europe, Asia and New Zealand. From 1997 to 1998 he was the Managing Director of The New Zealand Herald, and later the C.E.O. Designate of Wilson & Horton, New Zealand’s largest media group. Between 1993 and 1997 he was Managing Director, The Times Supplements, London. From 1988 to 1993 he was Editor, then Editor-in-Chief of the South China Morning Post in Hong Kong and Editorial Director of Asia Magazine. Between 1987 and 1988 he was Northern Editor, The Daily Telegraph, London, and between 1979 and 1987 he was Editor of The Journal, Newcastle upon Tyne. Prior to 1979, Crawley worked in various editorial roles for Thomson Regional Newspapers.

He is a director of the Canadian Press, a board member of Sunnybrook Health Sciences Centre, and chairman of the Charter for Business which raises funds for the Duke of Edinburgh’s Award in Canada. He is also a board member of Canadian Newspaper Association, the Royal Conservatory of Music, the Sir Edmund Hillary Foundation and the World Association of Newspapers.


Publisher and CEO
Globe and Mail
Toronto, Canada
 
Chad Wasilenkoff

Chad is CEO and founder of Fortress Paper Ltd., a leading manufacturer of security, specialty papers and specialty pulp. Chad is a Canadian-based entrepreneur and business consultant specializing in the financing and management of growth opportunities who has founded, financed and held board positions with several successful publically traded companies.

Chad was recently awarded the 2010 Ernst and Young Entrepreneur of the Year Pacific region and manufacturing division and has been recognized as Business in Vancouver’s Top 40 under 40.


Chief Executive Officer,
Fortress Paper Ltd.
Vancouver, Canada

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Kevin Bromley

Kevin is a Chartered Accountant who has worked with a wide range of clients on a local and multi-national basis including a three-year secondment to the London, England office in 1990. Since his return in 1993, he has been a member of PwC's Global Forest and Paper practice, where he consults to a variety of forest companies across North America on accounting, audit and business related issues. He is the lead IFRS partner for the Forest Paper and Packaging sector in Canada.

Kevin has served a number of forest companies, including Canfor Corporation, Canfor Pulp Income Fund, EACOM Timber Corporation, Fortress Paper Ltd., Mercer International Inc., Tolko Industries Ltd., and Daishowa Canada Corp. He was also is in charge of the Forest Investment Account and Forest Science Program on behalf of the BC Ministry of Forests and Range from 2002 - 2007. In addition, he has extensive experience with SEC registrants, initial public offerings, prospectuses and Canadian and U.S. securities work.


Moderator
Partner, Forest, paper & packaging practice, PwC, Vancouver, Canada
   

12:00pm Networking reception

12:30pm Lunch and Luncheon Speaker

Consul General Hideki Ito

Consul General Ito joined the Ministry of Foreign Affairs of Japan after graduating from the University of Tokyo (Faculty of Law). He subsequently studied Arabic at the American University in Cairo, Egypt and he holds a Master’s degree in Area Studies on History of Near and Middle East from the School of Oriental and African Studies from the University of London, England.

His overseas assignments have been at the Embassies of Japan in United Arab Emirates and Kingdom of Saudi Arabia, Permanent Mission of Japan to the United Nations in New York and the Embassy of Japan in the Islamic Republic of Iran.

Prior to his coming to Vancouver, he held the position of Minister, Embassy of Japan in the Kingdom of Bahrain.


Consulate General of Japan in Vancouver
Vancouver, Canada
   

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2:00pm Market Outlook Panel

Russell Taylor

Russell conducts wood products marketing analysis and business assessment/investment projects for numerous global industry clients and across North America. As a global wood products consultant, Russell travels extensively throughout the world and conducts research and analysis to assist companies throughout North America and in many dynamic global regions, including Russia, China, Asia, and throughout the Southern Hemisphere and Europe. To further assist its clients, WOOD MARKETS has maintained an office in China since 2005.

Russell has published over 200 articles, reports and presentations and leads International WOOD MARKETS Group in its various strategic market intelligence reports and forecasts for the wood products industry, including WOOD Markets Monthly International Report. In 2011, WOOD MARKETS will have released its five-year outlook on the North American wood products industry and markets as well as its Global Sawmill & Lumber Cost Benchmarking Report, and is planning an update to its 2010 China Book five-year forecast.

Russell has a forestry degree (BScF) and an MBA from the University of B.C. (Vancouver) and is also a registered professional forester (RPF).


President, International WOOD MARKETS Group Inc.
Vancouver, Canada
 
David Walker

David has over 25 years of professional advisory and investment banking experience in the forestry, forest products, pulp, paper and packaging industries, focused on strategy consulting, M&A advisory and financial structuring. In 2010, he founded his own advisory firm – Kauri Capital. Prior to establishing the firm, David was head of global forestry, pulp, paper and packaging advisory at Macquarie Capital and prior to that President of Poyry in Asia-Pacific, and global head of Poyry Consulting.

David has been based in Singapore for the last 15 years, and before moving to Asia was based in Finland for 11 years. He holds a BCA (Hons) from Victoria University of Wellington in Accounting and Finance, and is a Chartered Financial Analyst.


Managing Director,
Kauri Capital Pte. Ltd.
Singapore

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Tom Wright

Tom joined Hawkins Wright Ltd. in September 1998. Since his first field trip to the Philippines in 1998 Tom has travelled regularly to Asia and is the principal author of the Asian multi-client studies. The “Defining the China market for pulp, paper and board” report enjoys industry wide recognition and is now in its eighth year of publication. He also works on all of the regular Hawkins Wright publications and many of the private client studies.

Tom frequently addresses private meetings and industry conferences around the world including but not limited to: Asia Paper, Hong Kong 1999, PRIMA; Amsterdam 2004, Vienna 2007, AF&PA seminar, London 2004, EMGE Business Papers, Paris 2005, and PPI Market Pulp, Lisbon, April 2008.

Tom holds a BA Hons degree from Newcastle University in Economics & Spanish and worked in financial services for two years in central London before joining Hawkins Wright.


Director,
Hawkins Wright Ltd.
London, UK
 
Dr. John (Jack) N. Saddler

Dr. Saddler is the endowed Professor of Forest Products Biotechnology / Bioenergy (originally an NSERC Industry Chair) and also the former Dean, Faculty of Forestry at the University of British Columbia.

As a senior and seasoned research scientist, Dr. Saddler has been involved, for more than 30 years, in various national and international organizations that have advanced the global understanding of how woody biomass can be converted to useful fuels and chemicals. He is a Fellow of the Royal Society of Canada, Canada’s highest recognition for scientists, and he has received many other awards such as the International Union of Forest Research Organizations (IUFRO’s) Scientific Achievement Award, the Charles D. Scott award for contributions to the field of “Biotechnology for fuels and Chemicals”, etc. Recently, Dr. Saddler received the prestigious 2009 Leadership award, presented from Life Sciences British Columbia for demonstrated leadership in the industry and given to individuals who have assisted in the creation and advancement of the broader life sciences communities over time.

Dr. Saddler has published more than 300 papers, several books, holds several patents and is a regular reviewer/advisor for agencies such as the US Dept of Energy, USDA, NSERC, World Bank, etc.

Outside of the research setting, Dr. Saddler has not only advised policy-makers at the highest levels provincially and nationally, but has been instrumental in the creation of long-standing initiatives to demonstrate, commercialize and transfer promising biorefining technologies, such as the creation of Ethanol BC and the BC Bioenergy Network. Nationally, his influence extends to such bodies as the Science Directorate of the Canadian Forest Service, the Canadian Council of Forests Ministers, and the National Roundtable on Economy and Environment. Internationally, he has contributed significantly to the work of the UN’s Food and Agricultural Organization (FAO), the US DoE, USDA, the International Energy Agency (IEA) Paris, and he has acted as the Task Leader of the Liquid Biofuels network of IEA Bioenergy organization.


Professor of Forest Products Biotechnology / Bioenergy,
University of British Columbia
Vancouver, Canada

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Libarid “Libo” Guluzian

Libo is the PwC tax market leader for the Canadian forestry and packaging industry. He provides tax consultancy services to many Montreal forestry companies. He has been working exclusively in the area of taxes since 1992 and has 22 years of experience in public practice.

Libo actively participates in client acquisitions, restructurings, and personal tax planning. In addition, he represents his clients in negotiations with the taxation authorities.

Libo has lectured on income tax matters for the Tax Executives Institute of Canada (“TEI”) and for the Canadian Institute of Chartered Accountants (“CICA”). He has also lectured for McGill University’s “Graduate Diploma in Public Accountancy”, and has tutored students in preparation for the Uniform Final Examination (“UFE”).


Partner, PwC
Montréal, Canada
   

3:25pm Coffee break

3:45pm Executive Perspectives

Joe Nemeth

Joe Nemeth was appointed to the Board of the General Partner on April 28, 2010. Joe is the President and Chief Executive Officer of the General Partner. Prior to this appointment, he held the position of Vice President, Sales and Marketing of the General Partner and from January 2003 until he joined the General Partner, he held the position of Vice President, Pulp & Paper Marketing of Canfor.

Prior to joining Canfor, Joe spent 14 years with Fletcher Challenge Canada (now Catalyst Paper Corporation) with his last two positions being Paper Mill Manager at Elk Falls and Vice-President, North American Newsprint Sales.

Joe has a Master of Business Administration degree from the University of Western Ontario and a Bachelor of Forestry degree from the University of British Columbia.

President and CEO,
Canfor Pulp Products Inc.
Vancouver, Canada
 
Rick Doman

Rick is President, Chief Executive Officer and a Director of EACOM Timber Corporation. EACOM completed an acquisition over Domtar’s wood products division on July 1st, 2010. EACOM currently owns 9 sawmills and 2 value-added plants, in the provinces of Ontario, Quebec and Saskatchewan. The company has timber rights on approximately 8 million hectares of forest lands in Quebec and Ontario with annual harvesting rights of approx. 3.6 million cubic metres of softwood sawlogs with the capacity at the sawmills to produce about 900 million fbm of lumber annually.

Rick started working in the lumber industry at the age of 12. His father, Herb Doman wanted him to learn all the aspects of the business from sweeping floors to various operations to global sales. After his father had a stroke, Rick Doman was appointed President and CEO of Doman Industries at the request of the bondholders.

Rick made it his primary goal to restructure the company and its significant debt load as well as preserve jobs in many forest dependent communities the company operated in. This was achieved in 2004 when the company successfully restructured its debts and preserved employment. It once again became a profitable entity and was renamed Western Forest Products. The company under his tenure employed approximately 4,000 people, harvested about 4.3 million cubic meters of logs, produced one billion board feet of lumber and 440,000 metric tonnes of pulp annually.

Rick left the company in late 2004 and went on to do forestry analysis work for various U.S investment funds. He then proceeded to start EACOM Timber Corporation in mid 2008.

President and CEO,
EACOM Timber Corporation
Montreal, Canada

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José Penido

José Penido has served as Chairman of the Board of Fibria Celulose S.A. since November 2009. Fibria is the largest global market pulp producer, recently born from the merger of VCP and Aracruz. Before becoming Chairman of Fibria, José was CEO of VCP for the past five years.

José is also a mining engineer with a long career in large mining projects and was the CEO of SAMARCO, a company producing iron ore pellets in Brazil for 12 years.

José has always kept a management focus on people and sustainability as a solid support for long term outstanding results and is Co-Chairman of the SFPI (Sustainable Forest Products Industry) Working Group of the WBCSD.

In his social initiative undertakings, José is also the counselor of the Ethos Institute - Enterprises & Social Responsibility.


Chairman of the Board,
Fibria Celulose
Sao Paulo, Brazil
 
Bruce McIntyre

Bruce McIntyre is a Partner and the Canadian Leader of PricewaterhouseCoopers’ (PwC) Global Forest, paper & packaging practice. He is also a senior member of PwC’s Sustainable Business Solutions practice, which includes responsibility for strategy consulting, management systems certification, and corporate responsibility report assurance services. Bruce joined PwC in 1986 following several years in resource management positions in industry and government. He has conducted numerous business reviews, management system assessments, financial studies and competitive benchmarking and performance improvement projects. Bruce earned his Bachelor of Science in Forestry degree from the University of British Columbia in 1977. He is a Registered Professional Forester in British Columbia and a Certified Forester with the Society of American Foresters. He completed his Masters in Business Administration at Queen’s University in 1986 and qualified as a Certified Management Consultant in 1989.


Moderator
Canadian leader, Forest, paper & packaging practice, PwC
Vancouver, Canada

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Clive Suckling

Our Global Forest paper & packaging industry practice is led by Clive Suckling. Clive is a graduate of Oxford University and a Fellow of the Institute of Chartered Accountants in England and Wales. Originally in audit, Clive has over 25 years experience in advising international companies on mergers, acquisitions and disposals, capital markets transactions, cross-border investment, and corporate reporting. Through his responsibility for developing PwC's business in Scandinavia, Clive has worked with many of the world's leading forest products companies based in that region over the past 20 years. In more recent years, he has also acted for many non-Scandinavian forest products companies on cross-border investment strategies. Since July 2008, he has acted as Leader of PwC's Global Forest, paper & packaging practice, with responsibility for developing the firms' thinking and services towards that sector on a global basis.


Moderator
Global leader, Forest, paper & packaging practice, PwC, London, UK
   

5:10pm Closing remarks

5:20pm Delegate reception