Investor Presentation

Emerging Opportunities For Land-Based Solutions GROWING USE OF WOOD-BASED PRODUCTS ALTERNATIVE LAND USES Mass timber as an alternative to concrete & steel Wood-based products/packaging as an alternative to single-use plastics ■ Carbon capture & storage (CCS) ■ Solar farms ■ Wind farms CARBON MARKETS FIBER FOR BIOENERGY / BIOFUELS Voluntary carbon markets (VCM) Compliance carbon markets / emissions trading schemes (ETS) Bioenergy with carbon capture & storage (BECCS) ■ Sustainable Aviation Fuels (SAF) ■ Wood pellets ENVIRONMENTAL PRESERVATION Rayonier Conservation easements Mitigation banking Investor Presentation | August 2023 22 22

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