U.S. South Historical Valuation Snapshot
Rayonier's Strategic Priorities
MANAGE FOR
LONG-TERM
VALUE
ACQUIRE
HIGH-QUALITY
TIMBERLANDS
OPTIMIZE
PORTFOLIO
■
Design harvest strategy to achieve long-term, sustainable yield
■ Balance biological growth, harvest cash flow and responsible stewardship
■ Pursue acquisitions that improve portfolio quality and sustainable yield
◉
Maintain disciplined approach to acquisitions; minimize HBU speculation
Opportunistically monetize lands where premium valuations can be achieved
■ Pursue value creation activities on select properties to enhance long-term value
VALUE
FOCUS ON
QUALITY OF
■ Focus on harvest operations and rural land sales to support dividends
De-emphasize sale of "non-strategic" timberlands to augment cash flow
EARNINGS
POSITION FOR
LOW-CARBON
ECONOMY
■
Capitalize on increasing demand for carbon solutions / sequestration
Integrate ecosystem services opportunities into long-term strategic planning
BEST-IN-CLASS
STEWARDSHIP &
DISCLOSURE
◉
Develop and integrate robust ESG policies and best practices
Establish Rayonier as industry leader in transparent disclosure
Rayonier
Investor Presentation | May 2023View entire presentation