Investor Relations - Timber and Real Estate Performance
New Zealand Timber - Segment Overview
Map of Properties
Historical Harvest Volume / Rate of Harvest
Whangarei
Auckland
Tauranga
(tons in 000s)
(tons per acre per year)
3,000
10.0
2,500
9.0
2,000
8.0
1,500
7.0
2,808
2,405
2,360
2,412
1,000
2,221
6.0
500
5.0
4.0
2012
2013
2014
Harvest
2015
Tons per Acre
2016
Wellington
Historical EBITDA* / EBITDA per Ton
($ in millions)
($ per ton)
$60
$30
$50
$25
Christchurch
$40
$20
$30
$58
$15
$46
$46
$20
$10
$35
$33
Acreage: 434k acres
$10
$5
Invercargill
Sustainable Yield: 2.3mm tons
Planted: 69%
Average Site Index(1): 94 feet
2012
2013
2014
EBITDA
2015
EBITDA / Ton
2016
Rayonier's ~77%-owned joint venture in New Zealand provides geographic, species and
market diversification.
Note: New Zealand Timber was consolidated on April 4, 2013 when we acquired a majority interest in the New Zealand JV. Prior to the acquisition date, we accounted for our 26%
interest in the New Zealand JV as an equity method investment. The 2013 and 2012 information shown here reflects full year results for the JV.
(1)
Site index reflects the average height of the dominant and codominant trees at a base age of 20 (New Zealand).
Rayonier
Non-GAAP measure (see Appendix for definitions and reconciliations).
Investor Relations | May 2017
22View entire presentation