Rayonier - Best-in-Class, Pure-Play Timber REIT
Southern Timber - Segment Overview
Map of Properties
Historical Harvest Volume / Rate of Harvest
Lake
Charles
Houston
Acreage: 1.9mm acres
Sustainable Yield(1): 5.5 - 5.8mm tons
Planted/Plantable: 68%
Average Site Index(2): 73 feet
Mobile
Montgomery
Atlanta
Macon
vannah
(tons in 000s)
(tons per acre per year)
6,000
4.0
5,500
3.5
5,000
3.0
4,500
2.5
5,322
5,292
5,296
5,492
5,317
4,000
2.0
3,500
1.5
3,000
1.0
2012
2013
2014
Harvest
2015
Tons per Acre
2016
Historical EBITDA* / EBITDA per Ton
Jacksonville
($ in millions)
($ per ton)
$120
$25
$100
$20
$80
$60
$15
$98
$101
$40
$87
$93
$76
$10
$20
$5
2012
2013
2014
2015
2016
EBITDA
EBITDA / Ton
Rayonier's Southern Timber segment is the Company's largest segment with 2016 harvest
volume of 5.3 million tons and Adjusted EBITDA of $93 million.
Rayonier
(1) Sustainable yield per 2016 10-K; excludes recent acquisition of 95, 100 acres in the U.S. South.
(2) Site index reflects the average height of the dominant and codominant trees at a base age of 25 (U.S. South).
Non-GAAP measure (see Appendix for definitions and reconciliations).
Investor Relations | August 2017
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