Investor Relations - Timber and Real Estate Performance
Total Inventory has Grown Significantly
■ Since 2005, many regions have gained inventory beyond levels experienced historically
Inventory growth in these areas will take years to slow and will require new outlets for timber products
■ Timberland portfolio performance will be influenced by geographic distribution in the South
Change in Total Inventory by Region: 2005-2014
Change in Total Inventory: RYN vs. South Avg. (1)
Inventory Change Total
<0%
0%-9%
10%-19%
20%-29%
>30%
Rayonier
17%
24%
12%
19%
7%
33%
25%
18%
3%
19%
20%
37%
34%
13%
17%
18%
21%
5%
11%
18%
12%
5%
22%
18%
17%
13%
16%
-3%
Pulpwood
Sawtimber
Total
■US South Average
■Rayonier
Mies
50
100
150
200
Source: USDA FIA data; Rayonier analysis.
(1)
Rayonier Chart illustrates average U.S. South inventory growth by product category versus weighted average inventory growth in Rayonier markets.
Investor Relations | May 2017
13View entire presentation