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Investor Presentation

Acquisitions Upgrade Quality of U.S. South Portfolio Commercial Forest Area - % Plantable (1) Productivity - Site Index (2) 80% 75% 70% 67% 65% 60% 55% 50% RYN Legacy U.S. South 72% Acquisitions Inventory Stocking - Tons per Acre 60 50 37 40 30 20 10 I RYN Legacy U.S. South 54 Acquisitions 80 75 72 70 65 60 55 50 RYN Legacy U.S. South 73 Acquisitions Sustainable Yield - Tons per Acre per Year (3) 6.0 5.0 4.0 3.5 3.0 2.0 1.0 RYN Legacy U.S. South 4.8 Acquisitions The Acquisitions improve the overall quality of Rayonier's U.S. South portfolio and add meaningful scale in some of our strongest timber markets. Note: (1) Charts reflect data for the Acquisitions versus Rayonier's legacy U.S. South portfolio (prior to acquisition). Includes land classified as natural plantable. Rayonier Site index base age = 25 years for U.S. South. RYN legacy U.S. South based on sustainable yield of 6.1 to 6.5 million tons (per 2021 Form 10-K). Acquisitions based on forecasted long-term sustainable yield. Investor Presentation | March 2023 15
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