Doman Building Materials Group Ltd. Announces Normal Course Issuer Bid - Seite 3

For further information regarding Doman please contact:

Ali Mahdavi
Investor Relations
416-962-3300
[e-mail]

Certain statements in this press release may constitute “forward-looking” statements. When used in this press release, forward-looking statements often but not always, can be identified by the use of forward-looking words such as, including but not limited to, “may”, “will”, “would”, “should”, “expect”, “believe”, “plan”, “intend”, “anticipate”, “predict”, “remain”, “estimate”, “potential”, “forecast”, “budget”, “schedule”, “continue”, “could”, “might”, “project”, “targeting”, "future" and other similar terminology or the negative or inverse of such words or terminology. Forward-looking information in this news release includes, without limitation, statements which directly or indirectly refer to the ultimate impact (whether express or implied) of the novel coronavirus COVID-19 (“COVID-19”) pandemic on the Company’s operational and financial results, including but not limited to the related impact on the NCIB; which impact is difficult to estimate or quantify as it will depend on inter alia the duration of the contagion, the impact of government policies, the pace of economic recovery and their impacts on the Company’s operational and financial results. These forward-looking statements reflect the current expectations of Doman’s management regarding future events and operating performance, but involve other known and unknown or unpredictable risks, uncertainties and other factors which may cause the actual results, performance or achievements of Doman, including but not limited to sales, earnings, cash flow from operations, EBITDA(1) generated, dividends generated or paid by Doman, including whether at the most recent rate or the future rate discussed in the Company’s press release dated November 4, 2021, or some other dividend rate in the future which may be lower than either of the preceding rates discussed therein or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements should therefore be construed in the light of such factors. Actual events could differ materially from those projected herein and depend on a number of factors. These factors include but are not limited to: (i) fluctuations in the market price of Doman's common shares from time to time; (ii) the availability of funding under Doman's existing senior credit facility to finance acquisitions of common shares of Doman; (iii) the risk that Doman will not be able to (a) operate the business of Hisxon Lumber Sales, Inc. (the Acquisition”) or integrate the Acquisition into its operations successfully, or without negative impact on its business, or without requiring spending significant or unexpected amounts of time, money or other resources thereon, or at all, thereby impacting Doman’s ability to make purchases under the normal course issuer bid; may not be able to satisfy conditions to the Acquisition on the expected terms and schedule; (b) the risk that cost savings and synergies expected to result from the Acquisition may not be fully realized or may take longer to realize than expected; (c) the risk that the existing and acquired business from the Acquisition will not be integrated successfully or that there is an unexpected disruption from, or reaction to, the Acquisition making it more difficult to maintain relationships with customers, employees or suppliers; (iv) the risk that Doman may not be able to operate or integrate recent acquisitions into its operations successfully, or without negative impact on its business, or without requiring spending significant or unexpected amounts of time, money or other resources thereon, or at all; (v) the risk that cost savings and synergies expected to result from recent acquisitions may not be fully realized or may take longer to realize than expected; (vi) the risk that the existing and acquired business from recent acquisitions will not be integrated successfully or that there is an unexpected disruption from, or reaction to, the acquisitions making it more difficult to maintain relationships with customers, employees or suppliers; (vii) that recent acquisitions may result in significant challenges, and management of Doman may be unable to accomplish the integration of the acquisitions smoothly or successfully or without spending significant or unexpected amounts of time, money or other resources thereon; (viii) the risk that any inability of management to successfully integrate the operations of the combined businesses or combined business discussed above, including, but not limited to, operational, information technology, financial reporting systems or environmental matters, any of which could have a material adverse effect on the business, financial condition and results of operations of Doman, thereby impacting its ability to make purchases under the normal course issuer bid; (ix) the risk that revenues, profits and margins of Doman may not remain consistent with historical levels or be as expected, thereby impacting its ability to make purchases under the normal course issuer bid; (x) the risk that competing firms which manufacture or distribute competitive product lines will aggressively defend or seek market share, or that potential customers of recently acquired businesses or the Acquisition and existing customers or suppliers (some of whom are competitors of Doman) will change, reduce or cease doing business with Doman, in each case reducing, eliminating or reversing any potential positive economic impact on Doman of the Acquisition or acquisitions (collectively the “Acquisitions”), and thereby impacting Doman’s ability to make purchases under the normal course issuer bid; (xi) the risk that any cost savings, synergies, increased sales, margin, profit or distributable cash resulting or expected from the Acquisitions may not be fully realized, realized at all or may take longer to realize than expected, thereby impacting Doman’s ability to make purchases under the normal course issuer bid; (xii) the risk of disruption from the introduction, implementation and/or integration of the Acquisitions making it more difficult to maintain relationships with customers, employees or suppliers, thereby impacting Doman’s ability to make purchases under the normal course issuer bid; (xiii) risks related to the operation of pressure treatment facilities, including but not limited to environmental and remediation risks, labour risks, risks related to maintenance capital expenditures for manufacturing and processing facilities and risks related to capital expenditures for environmental risks; (xiv) additional risks and uncertainties affecting the Company, any of which may impact upon, among other things, the number of common shares, if any, to be acquired by Doman pursuant to the above notice of intention including among others, regulatory and legal risk, increased debt and interest costs, general economic and business conditions, product selling and prices, product performance, consumer preferences, litigation risk, design and liability risk, environmental risks, remediation risks, software and software design risk, commodity price fluctuations, information systems risk, interest rate changes, operating costs, political or economic instability in local or national markets, chemical or commodity prices, exchange rate risks for product inputs, tariffs and tax risks and general competitive conditions; (xv) other statements other than historical facts. As indicated above, completion of certain of the transactions described herein are subject to various conditions, including (among others) obtaining governmental, operating and regulatory permits and approvals. Although the Company believes that the expectations and the conditions reflected in such forward-looking statements are reasonable, it can give no assurance that each of these conditions will be satisfied to the satisfaction of the Company or that expectations will prove to be correct. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future.   There are a number of additional risks and uncertainties affecting or that could affect the Company, which could cause actual results and developments to differ materially from those described in, expressed or implied by these forward- looking statements, include, among others: regulatory and legal risk, increased debt and interest costs, general economic and business conditions, product selling and prices, product performance, consumer preferences, design and liability risk, environmental risks, remediation risks, software and software design risk, commodity price fluctuations, information systems risk, cybersecurity risks, interest rate changes, operating costs, political or economic instability in local or national markets, chemical or commodity prices, exchange rate risks for product inputs, tariffs and tax risks and general competitive conditions. Factors also include, but are not limited to, dependence on market and economic conditions, sales and margin risk, competition, information system risks, cybersecurity risks, availability of supply of products, risks associated with the introduction of new product lines, product design risk, product liability risks, environmental risks, regulatory risk, trade and tariff risks, differing law or regulations across jurisdictions, volatility of commodity prices, inventory risks, resource industry risks, resource extraction risks, risks relating to remote operations, forestry management and silviculture risks, fire, flood and natural disaster risks, customer and vendor risks, contract performance risks, acquisition and integration risks, availability of credit, credit risks, performance bond risks, litigation risks and interest rate risks. A further description of these additional factors and other risks which could cause results to differ materially from those described in these forward-looking statements can be found in the periodic and other reports filed by the Company with Canadian securities commissions and available on SEDAR (http://www.sedar.com). In addition, a number of material factors or assumptions were utilized or applied in making the forward-looking statements, and may include, but are not limited to, assumptions regarding the performance of the Canadian and U.S. economies, the relative stability of or level of interest rates, exchange rates, volatility of commodity prices, availability or more limited availability of access to equity and debt capital markets to fund, at acceptable costs, the Company’s future growth plans, the implementation and success of the integration of the Acquisitions, the ability of the Company to refinance its debts as they mature, the Canadian and United States housing and building materials markets; the direct and indirect effect of the U.S. housing market and economy; exchange rate fluctuations between the Canadian and US dollar; retention of key personnel; the Company’s ability to sustain its level of sales and earnings margins; the Company’s ability to grow its business long term and to manage its growth; Doman’s management information systems upon which it is dependent are not impaired or compromised by breaches of Doman’s cybersecurity; Doman’s insurance is sufficient to cover losses that may occur as a result of its operations international trade and tariff risks, political risks, the amount of Doman’s cash flow from operations; tax laws; and the extent of Doman’s future acquisitions and capital spending requirements or planning as well as the general level of economic activity, in Canada and the US, and abroad, discretionary spending, and unemployment levels; the effect of general economic conditions, including market demand for Doman's products, and prices for such products; the effect of forestry, land use, environmental and other governmental regulations; and the risk of losses from fires, floods and other natural disasters and unemployment levels. There is a risk that some or all of these assumptions may prove to be incorrect. These and other factors could cause or contribute to actual results differing materially from those contemplated by forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements or information. There are numerous risks associated with an investment in Doman’s common shares, senior unsecured notes or securities, which are also further described in the “Risk Factors” sections of Doman’s annual information form dated March 12, 2021 as well as its other public filings on SEDAR. These forward-looking statements speak only as of the date of this press release. We caution that the foregoing factors that may affect future results are not exhaustive. When relying on our forward-looking statements to make decisions with respect to Doman, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.