Investor Presentation
Pricing Trends in Top Markets Have Remained Favorable
TimberMart-South Composite Stumpage Prices by Quartile
($ per ton)
$28
$26
$24
1st Quartile
2nd Quartile
Avg. TMS Q4-22
Composite Price
Prem / (Disc) to
Median Price
$23
Three-Year
Price Change
1
$22
3rd Quartile
$16
49%
4th Quartile
37%
$14
4%
$20
U.S. South Median
$10
(6%)
7%
$18
RYN Acquisitions²
$15
(35%)
7%
(8%)
$18
12%
14%
$16
16%
$14
$12
$10
$8
2015:Q1
Source:
Note:
Rayonier
TimberMart-South.
2015:Q2
2015:Q3
2015:Q4
2016:Q1
1st Quartile
2016:Q2
2016:Q3
2016:Q4
2017:Q1
2017:Q2
2nd Quartile
2017:Q3
2017:Q4
2018:Q1
2018:Q2
2018:Q3
2018:Q4
Composite pricing assumes mix of 50% pulpwood, 30% chip-n-saw and 20% sawtimber.
Three-year price change reflects Q4 2022 TMS pricing compared to Q4 2019 TMS pricing.
Reflect U.S. South acquisitions completed in Q4 2022.
Investor Presentation | November 2023
3rd Quartile
4th Quartile
2020:Q4
2021:Q1
2021:Q2
2021:Q3
2021:Q4
2022:Q1
2022:Q2
2022:Q3
2022:Q4
RYN Acquisitions (Weighted Average) 2
Top quartile markets (ranked by average TMS composite stumpage pricing) have exhibited the
strongest pricing momentum across the U.S. South over the past few years.
2019:Q1
2019:Q2
2019:Q3
2019:Q4
2020:Q1
2020:Q2
2020:Q3
34View entire presentation