Rayonier - Best-in-Class, Pure-Play Timber REIT
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
$63.5
$44.2
$117.9
$79.9
$75.7
$381.2
Large Dispositions
(1)
(42.0)
(42.0)
(1)
Pro Forma Sales
$63.5
$44.2
$117.9
$37.9
$75.7
$339.2
Operating Income
$23.6
($2.4)
$37.1
$45.8
$2.2
($10.1)
$96.2
Non-operating expense
($0.3)
($0.3)
Depreciation, depletion & amortization
24.4
17.3
20.8
5.2
0.2
67.9
Non-cash cost of land and real estate sold
0.1
7.3
7.4
Costs related to shareholder litigation
(1)
0.7
0.7
Large Dispositions
(1)
(28.2)
(28.2)
Adjusted EBITDA
(1)
$48.0
$14.9
$57.7
$30.1
$2.2
($9.2)
$143.7
(1) Non-GAAP measure or pro forma item (see Appendix for definitions and reconciliations).
Rayonier
52
Investor Relations | August 2017View entire presentation