Reno De Medici - Cascades
Reno De Medici - Cascades
Reno De Medici - Cascades
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
120<br />
110<br />
100<br />
90<br />
80<br />
70<br />
104<br />
100<br />
Source: Bloomberg.<br />
YTD 2011 INPUT COST INFLATION<br />
North American selling price/raw material cost spread<br />
(manufacturing)<br />
117<br />
114<br />
(17)%<br />
99<br />
97<br />
Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11<br />
Spread in US$/s.t. Spread in Can$/s.t.<br />
(US$/<br />
bushel)<br />
8<br />
Main drivers for <strong>Cascades</strong>' chemical input costs<br />
+90%<br />
YTD 2011 financial results impacted by signification variable cost inflation<br />
7<br />
6<br />
5<br />
4<br />
3<br />
Jan<br />
10<br />
Mar<br />
10<br />
May<br />
10<br />
3.41<br />
July Sept Nov Jan Mar May July<br />
10 10 10 11 11 11 11<br />
Corn (left axis) Oil (right axis)<br />
Sept<br />
11<br />
(US$/<br />
barrel)<br />
120<br />
6.47<br />
93<br />
9<br />
110<br />
100<br />
90<br />
80<br />
70<br />
60