Investor Relations - Timber and Real Estate Performance
Reconciliation of Pro Forma Sales and Operating Income
(Loss) to Adjusted EBITDA by Segment
($ in millions)
Southern
Timber
Pacific
Northwest
Timber
New Zealand
Timber
Real Estate
Trading
Corporate
and Other
Total
2017
Sales
$32.7
$24.8
$40.7
$54.3
$34.0
$186.5
Large Dispositions
(1)
(42.0)
(42.0)
Pro Forma Sales
(1)
$32.7
$24.8
$40.7
$12.3
$34.0
$144.5
Operating Income
$13.9
($0.9)
$10.3
$29.7
$1.1
($4.8)
$49.3
Depreciation, depletion & amortization
12.5
10.2
5.4
2.6
0.1
30.8
Non-cash cost of land and real estate sold
4.5
4.5
Costs related to shareholder litigation
(1)
0.7
0.7
Large Dispositions (1)
(28.2)
(28.2)
Adjusted EBITDA
(1)
$26.4
$9.3
$15.7
$8.6
$1.1
($4.0)
$57.1
(1) Non-GAAP measure or pro forma item (see Appendix for definitions and reconciliations).
(2) EBITDA Margin is calculated as Adjusted EBITDA divided by Pro Forma Sales.
Rayonier
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Investor Relations | May 2017View entire presentation