Investor Relations - Timber and Real Estate Performance
Productivity is a Key Driver of Timberland Value
Rayonier Loblolly Pine Site Index 25 (feet)
85
Harvest Volume Increases with Site Index (2)
80
60
Site Index 25 (feet)
70
70
75
15
(tons per acre per year)
7.0
Recently
6.0
measured
5.0
stands(1)
4.0
3.0
2.0
1.0
RYN avg. measured
loblolly site index = 73
60
65
70
75
80
85
Product Mix Improves with Site Index (2)
(%)
100%
65
59
Recently
harvested
stands
80%
60%
40%
20%
60
0%
1981
1986
1991
1996 2001
Planting year
2006 2011
2016
60
65
Pine ST ■Pine CNS
70
75
80
85
Pine PW
Hardwood
Higher site index properties generate greater harvest yields and a more valuable product mix.
Rayonier's site index has been steadily improving with each plantation year.
First physical site index measurement taken at age 11.
(2)
Rayonier
Yield predictions based on PMRC (Plantation Management Research Cooperative) Technical Report 1996-1 (Yield Prediction and Growth Projection for Site-Prepared Loblolly
Pine Plantations in the Carolinas, Georgia, Alabama and Florida). Assumes 70% pine plantation and 30% hardwoods and non-forested areas.
Investor Relations | May 2017
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