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S.A. PlywoodGlobal Forest
ProductsIntroductionIntroduction
100-Ton Forklift
Plywood Business Review Meeting
Tuesday 9 November 2004
100-Ton Forklift
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S.A. PlywoodGlobal Forest
Products
Highlights andHighlights andLowlightsLowlights
Highlights and LowlightsHighlights and Lowlights
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S.A. PlywoodGlobal Forest
ProductsHighlightsHighlights
COMPLETION OFPERSONAL DEVELOPMENT PROFILE
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S.A. PlywoodGlobal Forest
ProductsLowlightsLowlights
DRY VENEER
DRYER VOLUMES
LOGS : SUPPLY MIX
R569 000 Logs
R 23 000 Transport
R592 000
DISAPPOINTING MONTH
-Turnover- Sales Mix
OVERTIME COST
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S.A. PlywoodGlobal Forest
Products
Volumes Sold 2000 -Volumes Sold 2000 -
20042004
0
500
1000
1500
2000
2500
3000
3500
4000
4500
m3Sold
2000 2001 2002 2003 2004
2000 1941 3443 3685 2999 2967 3629 3392 1510 1837 2440 1913 11232001 1849 3081 3262 2694 2900 3493 3117 2163 2322 2802 2208 1409
2002 1141 2607 2418 2175 3072 3283 3712 3299 3698 3636 3533 2078
2003 2549 2735 2338 2446 2578 2827 2983 3290 3255 3568 3274 1729
2004 2803 3312 3521 3252 3109 3112 3778 3651 4256 3305
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
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S.A. PlywoodGlobal Forest
ProductsTurnover & Total CostTurnover & Total Cost
2,8142,9262,8172,8082,8962,655
2,6782,454
2,835
3,239
3,091
3091
2,6842,8042,7162,7302,804
2,5532,546
2,331
2,669
3,016
2,89 7
2897
2,4012,5392,4612,4342,4752,250
2,210
1,9872,352
2,688
2,57 5
2575
1,4781,288 1,162 1,105
1,251 1,274 1,338 1,1791,234 1,057
1,38 5
1385
3,0973,1623,1043,1333,1143,1403,0472,9992,9533,112
3343
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2003 Jan 04 Feb 04 04-Mar Apr 04 May 04 Jun 04 Jul 04 Aug 04 Sep 04 Oct 04
R/M3
Int & Depr Variable Expenses C.O.S Fixed Cost Net Sales
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S.A. PlywoodGlobal Forest
Products
MarketingMarketing
S.A. PlywoodS.A. Plywood
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S.A. PlywoodGlobal Forest
Products
Local Market ConditionsLocal Market Conditions
Demand continues to be strong with all regions reportinggood business and this should continue throughout
November as projects need to be completed before the
December break.Demand for all flat board products continues to behigh.
Demand continues for shuttering products.
The veneer market is busy.
The outlook for November is good and once again themonth has started off very well.
Marketing S.A. PlywoodMarketing S.A. Plywood
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S.A. PlywoodGlobal Forest
ProductsMarketing S.A. PlywoodMarketing S.A. Plywood
Quality and ServiceQuality and Service
We received few complaints this month. However,there have still been some reports concerning warping.
Competitor ActivityCompetitor Activity
Malai product is readily available at low prices BUTtransport is an issue.
Cape Sawmills increased their Timbercore prices andwe have been able to increase our prices above the
recent increase into the Eastern Cape region.
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S.A. PlywoodGlobal Forest
ProductsMarketingMarketing
MarketingMarketingUniplyUniply
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S.A. PlywoodGlobal Forest
ProductsMarketing - UniplyMarketing - Uniply
173192 1401 821VOLUME (m3)
13840 8667 100 4866 259 620SALES (R)
VARIANCE %VARIANCEACTUALBUDGETTOTAL UNIPLY
September 2004
24187958771VOLUME (m3)
20552 3283 243 5342 691 206SALES (R)
VARIANCE %VARIANCEACTUALBUDGETUNIPLY NATAL
18131844713VOLUME (m3)
12290 9412 747 5032 456 562SALES (R)
VARIANCE %VARIANCEACTUALBUDGETUNIPLY GAUTENG
0,31338337VOLUME (m3)
(0,2)(2 403)1 109 4491 111 852SALES (R)
VARIANCE %VARIANCEACTUALBUDGETUNIPLY CAPE
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S.A. PlywoodGlobal Forest
Products
Local Market ConditionsLocal Market Conditions
Market ActivityAnother good month with total Uniply 13% above budget on sales and 17% above budget on volume.
Competitor ActivityE.L.B. E.L.B. have now employed Charlie Woods (ex-Masonite) and they have a warehouse in
Durban which we believe is well stocked.
Zimbabwe Border Timbers do not appear to have any problems delivering product.Malai R.A.I. Ply appeared to have a transport problem at the beginning of the month but this seems
to have been rectified as a number of trucks have been received into Gauteng during the lastweek of October.
Market Developments Brick Pallets Orders appear to be tailing off but this might just be due to the time of year.
Customer ComplaintsQuite a few complaints were received this month, especially from Gauteng, and details have been passedon to Ken Herritt.
Marketing - UniplyMarketing - Uniply
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S.A. PlywoodGlobal Forest
ProductsExport MarketsExport Markets
0
Oct
123
123
Aug
124
124
Jul
17516629044260518454TOTAL
8642NewZealand
42Spain
89422074413147129Australia
4122England
8341129471261Holland
SepJunMay
AprMarFebJanCOUNTRY
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S.A. PlywoodGlobal Forest
Products
SafetySafety
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S.A. PlywoodGlobal Forest
Products
1. S.H.E. Induction Training : Own Employees :
15
Contractors
: 0
2. L.T.I / Minor Injury Statistics
3. L.T.I Benchmarks
4. L.T.I Frequency Rate
5. Manhours L.T.I Free
6. Highlights
7. Focus Areas
S.H.E. Review ReportS.H.E. Review Report
L T I s /Minor InjuriesL T I s /Minor Injuries
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S.A. PlywoodGlobal Forest
Products
L.T.I.s /Minor InjuriesL.T.I.s /Minor Injuries
2003 - 20042003 - 2004
3
1 001
00 0000 1
13
1
2
11
1
11
14
2
4
3
0
2
4
6
8
10
12
14
16
YTD2003
YTD2004
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Month
D.I.'s
L.T.I.'s Minor Inj Target
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S.A. PlywoodGlobal Forest
ProductsL.T.I.s Benchmark : 1998 - 2004L.T.I.s Benchmark : 1998 - 2004
1
3
1
5
4
3 3
0
1
2
3
4
5
6
98 99 2000 2001 2002 2003 YTD 2004
D.I.'s Target
L T I F R : Nov 2003 OctL T I F R : Nov 2003 Oct
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S.A. PlywoodGlobal Forest
Products
L.T.I.F.R. : Nov 2003 OctL.T.I.F.R. : Nov 2003 Oct
20042004
0.9 0.9
0.7 0.7
0.9
1.4
1.2
0.70.90.9
1.2
0.9
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
NOV DEC Jan Feb Mar Apr May Jun Jul Aug Sept Oct
Month
LTIFR
LTIFR Target
Manhours L T I Free :Manhours L T I Free :
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S.A. PlywoodGlobal Forest
Products
Manhours L.T.I. Free :Manhours L.T.I. Free :
NovNov
2003 - Oct 20042003 - Oct 2004
0
200000
400000
600000
800000
1000000
1200000
Man
hours
Hours/WO/DI 69125 116877 43531 110950 180373 247402 314987 381743 29990 34439 105862 181328
Previous Best 653463 653463 653463 653463 653463 653463 653463 653463 653463 653463 653463 653463
Target 100000010000001000000100000010000001000000100000010000001000000100000010000001000000
NOV DEC Jan Feb March Apr May Jun Jul Aug Sept Oct
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S.A. PlywoodGlobal Forest
ProductsHighlightsHighlights
NO LOST TIME INJURIES TO CONTRACTORS
NO LOST TIME INJURIES TO EMPLOYEES
CONTRACTOR L.T.I.F.R. 0 < TARGET : 0.75 (5 STAR)
L.T.I.F.R is currently at 0.7 which is good enough for the
N.O.S.A. 5 star
l b lF A O b 2004F A O t b 2004
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S.A. PlywoodGlobal Forest
ProductsFocus Areas October 2004Focus Areas October 2004
S.H.E. Inspections
Motorised equipment and First Aid
certificates expire during
2004
Final preparation for the N.O.S.A. audit
on the 25th of November 2004.
Gl b l F t
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S.A. PlywoodGlobal Forest
Products
Health /Aids AwarenessHealth /Aids Awareness
Gl b l F tClinic : Medical TreatmentClinic : Medical Treatment
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S.A. PlywoodGlobal Forest
Products
Clinic : Medical TreatmentOctober 2004October 2004
0
20
40
6080
100
120
140
160
180
200220
240
260
By Sister 240 145 91 91 114 171 117 115 151 95 126 158 152
Referred to Doctor 5 2 2 2 2 14 4 7 5 5 4 3 4
Referred to OHD 4 5 4 3 4 7 5 6 5 11 15 11 5
Referred to Hospital 15 10 8 5 5 11 13 11 10 23 17 15 7
Periodicals 129 66 13 0 9 19 0 0 10 10 17 21 9
Pre-Employment Exams 0 0 0 0 0 3 2 1 0 1 2 1 15
Exit Medical Examinations 0 0 0 0 0 0 0 0 1 0 1 1 0
OCT NOV DEC Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Global ForestClinic : H.I.V./AIDS &Clinic : H.I.V./AIDS &
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S.A. PlywoodGlobal Forest
Products
/Related Cases - October 2004Related Cases - October 2004
0
5
10
15
20
25
30
PERIOD
NUMBEROFCASES
AIDS Confirmed 16 16 16 17 17 19 18 21 23 25 24 25 19
AIDS Suspect 18 18 18 17 17 19 19 17 17 19 19 19 17
AIDS Fatalities 0 0 0 0 0 0 1 0 0 0 0 1 0
T.B. 3 2 2 2 2 2 2 2 2 3 5 5 2
S.T.D. 2 1 2 1 1 3 0 0 0 0 0 0 3Hypertension 11 13 13 13 13 13 13 13 13 13 13 12 13
Oct Nov Dec JAN FEB MAR APR MAY JUN JUL AUG SEP OCT
Newly Diagnosed HIV/AIDS Cases = 2 Newly Suspected HIV Cases = 0
Global Forest
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S.A. PlywoodGlobal Forest
Products
Human ResourcesHuman Resources
Global ForestManning Levels : Salaried StaffManning Levels : Salaried Staff
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S.A. PlywoodGlobal Forest
ProductsManning Levels : Salaried StaffManning Levels : Salaried Staff
42
43
44
45
46
47
48
49
50
51
52
PERIOD
MANPOWER
Plan 45 45 45 51 51 51 51 51 51 51 51 51 51
Actual 48 49 50 51 51 50 50 51 51 50 50 50 50
Oct Nov Dec Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04
Global ForestManning Levels : Wage StaffManning Levels : Wage Staff
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S.A. PlywoodGlobal Forest
ProductsManning Levels : Wage StaffManning Levels : Wage Staff
280
285
290
295
300
305
310
315
320
PERIOD
MA
NPOWER
Plan 315 315 315 307 307 307 295 295 295 295 295 295 295
Actual 310 312 312 310 306 306 309 310 306 307 308 309 318
Oct Nov Dec Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04
Global ForestAbsenteeismAbsenteeism
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S.A. PlywoodGlobal Forest
ProductsAbsenteeismAbsenteeism
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
1.4%
1.6%
Oct-03 Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04
Global ForestOvertime as a % of Time WorkedOvertime as a % of Time Worked
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S.A. PlywoodGlobal Forest
ProductsOvertime as a % of Time WorkedOvertime as a % of Time Worked
0
5
10
15
20
25
30
Oct-03 Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04
Wages Discretional O/Tas a % of Total Time Worked 19.96 19.34 12.89 19.55 17.11 21.52 16.49 18.21 21.69 21.16 22.64 25.15
Staff Discretional O/T as a % of Total Time Worked 1.86 1.71 2.08 1.99 1.72 1.87 1.44 2.19 1.82 2.59 2.72 2.36
Oct-03 Nov-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04
Global Forest
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S.A. PlywoodGlobal Forest
Products
Log ProcurementLog Procurement
Global ForestLog ProcurementLog Procurement
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S.A. PlywoodG oba o es
Products
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
Budget All 2149 1526 1059 2616 7350
Actual All 1554 1682 1156 3978 8369
Industrial C Industrial D C Veneer D Veneer Total C & D
Log ProcurementLog Procurement
VOLUME DELIVERIES OCTOBER 2004
Unpruned supply as a % of total intake: July 27%, August 31%, September 36%, October - 39%.
There is a shortage of C Class unpruned logs being harvested in terms of mill requirements.
Global ForestLog ProcurementLog Procurement
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S.A. PlywoodProducts
0
5000
10000
15000
20000
25000
Budget All 9320 5802 4689 9939 29750
Actual All 5709 4870 4969 15819 31366
C Sawlog D Sawlog C Veneer D Veneer Total C & D
Log ProcurementLog Procurement
VOLUME DELIVERIES OCTOBER 2004Y.T.D.
Global Forest
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S.A. PlywoodProducts
Quality AssuranceQuality Assurance
l dGlobal ForestQuality AssuranceQuality Assurance
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S.A. PlywoodProducts
Plywood Monthly Quality Conformance Graph October 2004
91 90
999998
94
87
9797 96 959192
95
90
87
94
98 97 98
50
60
70
80
90
100
110
120
LogQ
uality
Sortin
gAccu
racy
VatT
emper
ature
Vatp
HCo
resPe
eler
Dryer
s
Gradi
ngAc
curac
y
Core
Saw
Splice
rs
Patch
ers
Blockb
oard
ConformancetoQualityStandards(%)
Conformance Y.T.D. Target
Q yQ y
S A Pl dGlobal ForestQuality AssuranceQuality Assurance
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S.A. PlywoodProducts
Plywood Monthly Quality Conformance Graph October 2004
94
99
94
100
76
9899
98100
85
9497
86
949798
99
86
99 98
50
60
70
80
90
100
110
120
GlueVisc
osity
GlueS
pread
Press
Quality
Panel
Sizing
Sand
er
Finishin
g/Grad
ingAccur
acy
Gradin
gAccurac
y-Do
wngra
des
Knife
Tests
RejectRa
teCon
forma
nce
AverageQ
uality
Confo
rmanc
e
Conformance
toQualityStandards(%)
Conformance Y.T.D. Target
y
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S A PlywoodGlobal Forest
dQuality AssuranceQuality Assurance
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S.A. PlywoodProducts
Highlights and Lowlights
Q yy
Highs
Low conformances on Glue Spreads and
Grading Accuracy of Downgrades.
Low pass rate of Finished Product Graders
in the S.A.T.A.S. test.
Delams/blisters on RP 9 / resin film boards
(blockboard cores) cause identified.
Both Reject Rate and Average Quality
Conformances are above target.
Lows
S A PlywoodGlobal Forest
P d t
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S.A. PlywoodProducts
ProductionProduction
S A PlywoodGlobal Forest
P d t
8/14/2019 October 2004 Results Slideshow
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S.A. PlywoodProducts
WetsideWetside
S A PlywoodGlobal Forest
ProductsPeeler Volume - DailyPeeler Volume - Daily
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S.A. PlywoodProducts
324
354 344 342 340
384
326 336
354363
398
350385
360
318
338
100
150
200
250
300
350
400
450
500
2003 JAN MAR MAY JUL SEP Wk 1 Wk 3
Yearly Monthly Weekly
350
FOCUS THIS MONTH
* Stacking quality remains an issue
S.A. PlywoodGlobal Forest
ProductsPeeler RecoveryPeeler Recovery
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S.A. PlywoodProducts
67 67
64
6766
67
7069
67
64
6766
50
55
60
65
70
75
80
2003 YTD JAN FEB MAR APR MAY JUN JUL AUG SEP OCT
Yearly Monthly
65,3
S.A. PlywoodGlobal Forest
ProductsDryer Volume - DailyDryer Volume - Daily
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S.A. PlywoodProducts
100
125
150
175
200
225
Redry 28 34 27 15 21 30 22 16 16 19 18 17 22 18
Net m3 151 155 156 157 154 150 158 163 172 167 167 163 170 169
Net m3 157 158
2003 Y .T.D. JAN FEB MAR APR MAY JUN JUL AUG SEP OCT Wk 1 Wk 2 Wk 3 Wk 4
Combined Dryers
Target
196m3
FOCUS THIS MONTH
Reduce downtimes
Reduce and maintain redry % at below 10%.
Blockages
S.A. PlywoodGlobal Forest
Products
BlockboardBlockboardNo. of BoardsNo. of Boards
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yProducts
55865657
4315
6806
8359
5334
6234
46964747
4232
5556
4340
1493
2845
2051
1970
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
2003 Y.T.D. JAN FEB MAR APR MAY JUN JUL AUG SEP OCT Wk 1 Wk 2 Wk 3 Wk 4
YTD/Months Weeks
No. of BoardsNo. of Boards
ManufacturedManufactured
Second shift in place since week 3
Replaced the planer in week 3
Targe
1 500
FOCUS THIS MONTH
People training
Throughput
S.A. PlywoodGlobal Forest
Products
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yProducts
DrysideDryside
S.A. PlywoodGlobal Forest
ProductsPressing Volumes -Pressing Volumes -
D ilD il
8/14/2019 October 2004 Results Slideshow
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yProductsDailyDaily
143
161143
153 161
170
161 154 153 164
186
169
173
165 168 169
0
25
50
75
100
125
150
175
200
225
m3
2003 2004
Y.T.D.
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT Wk 1 Wk 2 Wk 3 Wk 4
Previous Months Week
Target = 155m3
* Veneer supply was lower than expected but we managed to
make up with core from the blockboard plant.
* Spreader capacity increased due to doubling and tripling of
loads
FOCUS THIS MONTH
* Glue spreads
* UF resin component
S.A. PlywoodGlobal Forest
Products100-Day Project100-Day Project
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Products
0
50
100
150
200
250
300
350
400
450
R/m3
0
100000
200000
300000
400000
500000
600000
RandValue
PF/UF/MUF R/M3 415 414.86 353.39 351.85 286.6 297.41 292.13 291.3 313 274 305
Improvement on 2003 [R] 0 194,570218,240417,243396,868396,641415,175350,954552,575170,057
2003 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04
Project Ayilahlwa
Glue Usage R/m3 Improvement From 2003
S.A. PlywoodGlobal Forest
Products
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oduc s
Production SummaryProduction Summary
S.A. PlywoodGlobal Forest
ProductsMachine Centre - TargetMachine Centre - Target
EfficiencyEfficiency
8/14/2019 October 2004 Results Slideshow
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EfficiencyEfficiency
0%
20%
40%
60%
80%
100%
120%
YTD Avg 88% 91% 80% 84% 83% 81% 72% 65% 79%
J une 69% 79% 75% 109% 93% 63% 65% 54% 76%
J uly 84% 70% 73% 93% 70% 80% 70% 64% 62%
Aug 98% 101% 82% 72% 72% 90% 71% 76% 85%
Sep 102% 108% 87% 75% 97% 91% 80% 64% 91%
Oct 91% 98% 84% 71% 84% 83% 74% 64% 78%
LogDeck Peeler Dryer Welder Core Plant Pressing Panel Saw Sander Finishing
S.A. PlywoodGlobal Forest
ProductsPeelerPeeler ProductivityProductivity
8/14/2019 October 2004 Results Slideshow
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0.000
0.200
0.400
0.600
0.800
1.000
1.200
1.400
1.600
1.800
2.000
m
ACTUAL 1.627 1.570 1.547 1.850 1.540
BUDGET 1.305 1.305 1.305 1.305 1.305
YTD Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun
S.A. PlywoodGlobal Forest
ProductsPeeling Unit CostPeeling Unit Cost
8/14/2019 October 2004 Results Slideshow
50/80
0
10
20
30
40
50
60
70
cost/m 59 56 54 56 48 65BUDGET 44 44 44 44 44 44
2003 YTD Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun
S.A. PlywoodGlobal Forest
ProductsDryers ProductivityDryers Productivity
8/14/2019 October 2004 Results Slideshow
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0.000
0.100
0.200
0.300
0.400
0.500
m
ACTUAL 0.292 0.289 0.304 0.299 0.274
BUDGET 0.255 0.255 0.255 0.255 0.255
YTD Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun
S.A. PlywoodGlobal Forest
ProductsDrying Unit CostDrying Unit Cost
8/14/2019 October 2004 Results Slideshow
52/80
50
65
80
95
110
R
cost/m 97 96 97 98 94 96BUDGET 101 101 101 101 101
2003 YTD Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun
S.A. PlywoodGlobal Forest
ProductsPress ProductivityPress Productivity
8/14/2019 October 2004 Results Slideshow
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0.000
0.100
0.200
0.300
0.400
0.500
m
ACTUAL 0.269 0.280 0.284 0.266 0.245
BUDGET 0.238 0.238 0.238 0.238 0.238
YTD Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun
S.A. PlywoodGlobal Forest
ProductsPresses Unit CostPresses Unit Cost
8/14/2019 October 2004 Results Slideshow
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0
10
20
30
40
50
60
70
80
90
100
R
cost/m 96 87 80 84 77 86
BUDGET 96 96 96 96 96
2003 YTD Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun
S.A. PlywoodGlobal Forest
ProductsTotal ProductionTotal Production - M- M33
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0
500
1000
1500
2000
2500
3000
3500
4000
4500
ACTUAL 2933 3482 3608 3914 3663
BUDGET3475 3317 3316 3211
YTD Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun
S.A. PlywoodGlobal Forest
ProductsTotal ProductivityTotal Productivity
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-0.010
0.010
0.030
0.050
0.070
0.090
0.110
0.130
0.150
R
/m
ACTUAL0.090 0.110 0.115 0.120 0.105
BUDGET 0.098 0.098 0.098 0.098 0.098
YTD Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun
S.A. PlywoodGlobal Forest
ProductsTotal Unit CostTotal Unit Cost
8/14/2019 October 2004 Results Slideshow
57/80
0
1,000
2,000
3,000
4,000
R/m
ACTUAL 2,310 2,483 2,579 2,568 2,528 2,430
BUDGET 2144 2,186 2186 2186 2186
2003 YTD Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun
S.A. PlywoodGlobal Forest
ProductsCost of ClaimsCost of Claims
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0
10,000
20,000
30,000
40,000
50,000
Ran
d
Rand 17,050 11,100 41,044 22,911 11,346 6,535 7 ,707 55 12,335 0 624 8,448
2003
AVG
2004
AVGJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
S.A. PlywoodGlobal Forest
ProductsLooking Ahead!Looking Ahead!
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Capex
Delivery: Dryer 7-8 months from time of order
- if ordered 1st wk January, arrives mid August
- installation 6-8 wks, commissioning November Peeler would arrive 1 month after dryer commission, 4 wk installation
Areas of Focus (Outside of Dryer/Peeler Capex)
Log Sorting Minimize pruned logs Veneer Stacking focus on high grade veneers
Production Schedule improve communications between Sales, Drysideand Wetside. If were having problems now, wait until production doubles. Maximize veneer value put the right veneer into the right panel Visibility of Management Staff
S.A. PlywoodGlobal Forest
Products
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EngineeringEngineering
S.A. PlywoodGlobal Forest
ProductsUptime ComparisonUptime Comparison
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84%
60%
64%68%
82%
78%
92%
86%
98%
88%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
MAY JUN JULY AUG SEPT
Uptime Comparison
WETSIDE PEELER
S.A. PlywoodGlobal Forest
ProductsPeeler UptimePeeler Uptime
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5.3% 2.5%6.2%
86.0%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Prod Mech Elect Total
Peeler Plant Uptime
S.A. PlywoodGlobal Forest
ProductsDryside UptimeDryside Uptime
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63/80
9%2% 0%
89%
0%
20%
40%
60%
80%
100%
Prod Mech Elect Total
DRYSIDE PLANT UPTIME
S.A. PlywoodGlobal Forest
ProductsDryers UptimeDryers Uptime
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11.9%4.8%
1.5%
81.8%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Prod Mech Elect Total
DRYERS UPTIME
S.A. PlywoodGlobal Forest
ProductsWetside UptimeWetside Uptime
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2.6% 2.2%7.2%
88.0%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Prod Mech Elect Total
WETSIDE PLANT UPTIME
S.A. PlywoodGlobal Forest
ProductsEnvironmental IssuesEnvironmental Issues
W Pi
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Waste Pit
S.A. PlywoodGlobal Forest
ProductsBudget Cost SummaryBudget Cost Summary
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334,338382,714
4,062 2,77120,498
037,663
55,903
406,000
438,617
0
100,000
200,000
300,000
400,000
Pla nt Maint Consumable Plant Rebuild Prop Maint JAN TOTAL
Budget Cost Summary
BUDGET ACTUAL
S.A. PlywoodGlobal Forest
ProductsUnit CostUnit Cost
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Unit Cost
1,733,352
438,617376,945492,048515,267441,229
109
89
123
147
136
46
114114114114
127114
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
2004 JUN JUL AUG SEPT OCT
0
20
40
60
80
100
120
140
160
Actual Y.T.D Budget Y.T.D. R/M3 Budget Cost R/M3
S.A. PlywoodGlobal Forest
Products
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FinanceFinance
S.A. PlywoodGlobal Forest
ProductsIncome StatementIncome Statement
October - MonthOctober - Month
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M O N T H
INCOME STATEMENT Budget Actual
R000's R/M3 R000's R/M3
NET SALES 11,488 3,269 11,445 3,343
GROSS CONTRIBUTION 7,125 2,028 6,748 1,971
% 62% 62% 59% 59%
VARIABLE SELLING EXPENSES -1261 -359 -1141 -333% -11% -11% -10% -10%
NET CONTRIBUTION 5,865 1,669 5,608 1,638
% 51.1% 51.1% 49.0% 49.0%
TOTAL FIXED COSTS -4553 -1,296 -4289 -1,253
E.B.I.T.D.A. 1,312 373 1,319 385.
E.B.T. 673 192 699 204
S.A. PlywoodGlobal Forest
ProductsIncome StatementIncome StatementOctober - Y.T.D.October - Y.T.D.
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YEAR TO DATE
INCOME STATEMENT Budget
R000's R/M3 R000's R/M3 R000's R/M3
NET SALES 45,255 3,164 48,783 3,169 40904 3,123
GROSS CONTRIBUTION 27,497 1,922 28,454 1,849 25056 1,913
% 60.8% 60.8% 58.3% 58.3% 61.3% 61.3%
VARIABLE EXPENSES -5093 -356 -4354 -283 -4260 -325% -11.3% -11.3% -8.9% -8.9% -10.4% -10.4%
NET CONTRIBUTION 22,395 1,566 24,101 1,566 20797 1,588
% 49.5% 49.5% 49.4% 49.4% 50.8% 50.8%
TOTAL FIXED COSTS -18404 -1,287 -19455 -1,264 -18340 -1,400
E.B.I.T.D.A. 3,991 279 4,646 302 2457 188
E.B.T. 873 61 1,544 100 -2075 -158
Actual Prior YearActual
S.A. PlywoodGlobal Forest
Products
ncome a emenncome a emen
AnalysisAnalysis
(R/m(R/m33) October 2004) October 2004
(R/M3) (ROOO)
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(R/M3) (ROOO)
BUDGET ACTUAL VARIANCE VARIANCE
VOLUME
Sales Product M3
Domestic 3,134 3,424 290 961Export 380 0 -380 -963
Total 3,514 3,424 -90 -2
RATE
ASP
Domestic 3,325 3,300 -25 -86
Export 2,535 0 -2,535 0
Other Income 32 47 15 47
Claims & rebates -3 -4 -1 -2
Net Turnover 3,269 3,343 73 -43
Variable Cost -1,241 -1,372 -130 -334
COS at Std. -1,237 -1,259 -22 -75
- PPV's /MUV -5 -112 -108 -370
COS Volume 111
Gross Contribution 2,028 1,971 -57 -377
S.A. PlywoodGlobal Forest
Products
ncome a emen
AnalysisAnalysis(R/m(R/m33) October 2004) October 2004
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(R/M3) (ROOO)
BUDGET ACTUAL VARIANCE VARIANCE
Gross Contribution 2,028 1,971 -57 -377
Variable Expenses Rate -359 -333 26 86
Volume 32
- Production -47 -48 -1 -3
- Distribution -14 -12 2 7
- Outward Freight -179 -183 -5 -17- Commission & Disc -94 -86 9 31
- Other -24 -4 20 68
Net Contribution 1,669 1,638 -31 -257
Sales Volume 3,514 3,424 -90
Rand Contribution R 5,864,777 R 5,607,659 -257,118
S.A. PlywoodGlobal Forest
ProductsIncome Statement AnalysisIncome Statement Analysis(R/m(R/m33) : October 2004) : October 2004
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BUDGET ACTUAL VARIANCE
Rand Contribution R 5,864,777 R 5,607,659 -R 257,118
Less Fixed Expenses -4,395,851 -4,606,041 -210,190
- Employment -1,893,794 -2,031,082 -137,288
- Property Expenses -105,521 -128,657 -23,136
- Plant Maintenance -382,804 -394,496 -11,692
- Transport -251,459 -231,000 20,459
- Utilities -514,045 -476,537 37,508
- Insurance -161,816 -66,405 95,411
- Log Transport 0 -22,610 -22,610
- Gen.
- Bad Debts -145,047 -145,047
- Other -675,396 -682,828 -7,432
Sundry Income 5,000 2,020 -2,980
Fixed Admin -416,016 -429,399 -13,383
OVERHEAD MOVEMENT -156,810 317,088 473,898
Stock Movement Prod Recovery 3,683,000 4,232,379 549,379
Stock Movement Cost of Sales -3,839,810 -3,915,291 -75,481
EBITDA 1,312,116 1,318,706 6,590
Deprec. Amortisation -756,371 -756,323 48
Interest 117,272 136,482 19,210
EBT R 673,017 R 698,865 R 25,848
S.A. PlywoodGlobal Forest
ProductsCash Flow StatementCash Flow Statement
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End
OCTOBER2004
Actual YTD Budget Variance toBudget ActualMonth Budget Variance toBudget
Cash Generated by Operations 4,645,893 3,990,971 654,922 1,318,707 1,312,116 6,591
Plus/Minus Working Capital MovementStock 2,675,962 779,608 1,896,354 (360,455) 400,760 (761,215)
Debtors (4,594,660) (3,116,211) (1,478,449) 1,328,917 (310,643) 1,639,560Creditors 1,509,784 556,318 953,466 (292,733) 163,578 (456,311)Group Transactions (760,223) (1,400,516) 640,293 (1,671,168) 103,178 (1,774,346)
Cash Generated by Ops Activities 3,476,756 810,170 2,666,586 323,268 1,668,989 (1,345,721)
Plus/Minus Operational Interest 1,313,210 891,565 421,645 325,181 383,565 (58,384)Cash Applied to Ops Activities 4,789,966 1,701,735 3,088,231 648,449 2,052,554 (1,404,105)
OtherProceeds on Assets Sold - - - - - -
Capital Expenditure (186,228) (5,112,000) 4,925,772 (2,434) (2,074,500) 2,072,066
Taxation - - - - - -
Interest on Capital Loans (1,835,046) (1,534,840) (300,206) - - -
Total Cash Utilised 2,768,692 (4,945,105) 7,713,797 646,015 (21,946) 667,961
Current YTD Balances Current Month Balances
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S.A. PlywoodGlobal Forest
ProductsDays Sales OutstandingDays Sales Outstanding
3 Y C i3 Y C i
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30
35
40
45
50
55
D
AYS
NOV DEC Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2002 2003 2004
3 Year Comparison3 Year Comparison
S.A. PlywoodGlobal Forest
ProductsClosing StockClosing Stock
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78/80
3379
4991
46144887
4134
47614548
3862
4764
3217
5108
47034690
2728
15861717
5219
4804
0
1000
2000
3000
4000
5000
6000
7000
2000 2001 2002 2003 SEP OCT NOV DEC Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Closing Stock Cautionary Level Critical Level
6180
5180
S.A. PlywoodGlobal Forest
Products
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Critical IssuesCritical Issues
S.A. PlywoodGlobal Forest
ProductsCritical IssuesCritical Issues
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+ Expansion
- Final Design- Funding
+ Logs Pruned vs Unpruned and Supplier Mix
+ Exports : CE marking proofloader at U.P.
+ Control our buying and receiving on J.D.E.
+ Process flow onto J.D.E. Capacity J.D.E.+ Preventative Maintenance programme
- On track
- Basic information formulated
+ Grader Test Results