Investor Presentation
Lumber Capacity Expansion in U.S. South
Active Mill Expansion in the U.S. South (1)
Production Growth Supports Incremental Capacity
(BBF)
Mill Expansion
New
Expansion
Restart
Capacity Increase
< 25 MMBF
25 125 MMBF
125 250 MMBF
250+ MMBF
Miles
0 50 100 150 200
25.0
22.5
20.0
17.5
15.0
100%
95%
90%
85%
80%
75%
12.5
10.0
7.5
5.0
2.5
I
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Capacity
Production
Operating Rate
Lumber production and capacity in the U.S. South has grown significantly over the last
several years.
Rayonier
(1)
Source:
Reflects mill capacity announced since 2017. New capacity reflected as of announced start date and adjusted based on FEA estimates.
Forisk Consulting, Forest Economic Advisors, Rayonier Analysis.
Investor Presentation | March 2020
70%
65%
60%
55%
50%
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