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Investor Presentation

Rayonier At A Glance Value-added Real Estate Platform Real Estate (21%) Trading (0%) 2.8 Million $2.3 billion (1) of ~400 acres acquisitions since 2014 employees New Zealand FY22 ADJ. EBITDA $314MM U.S. South (45%) (16%) Pacific Northwest (18%) Rayonier Sustainable yield of ~11 million tons annually Sustainable Certifications FSC www.fsc.org FSC A000522 SFI-00023 The mark of responsible forestry Established in 1926 97 YEARS 1926 2023 PEFC™ PEFC/40-23-6 Promoting Sustainable Forest Management www.pefc.org Mission: Provide industry-leading financial returns to our shareholders while serving as a responsible steward of the environment and a beneficial partner to the communities in which we operate 3 (1) Includes total Pope Resources transaction value - i.e., consideration plus net debt assumed of $576 million. Investor Presentation | August 2023
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