U.S. South Historical Valuation Snapshot
Pacific Northwest Timber - Portfolio Overview
Highlights/Location
Five-Year Performance Summary
($ in millions)
(Tons in 000s)
Acreage: 474,000 acres
$70
2,000
-
Sustainable Yield: 1.5 1.7 million tons
Planted / Plantable: 78%
Average Site Index: 116 feet at age 50 (1)
© 2022 EBITDA*: $63.9 million
Sustainable Forestry Initiative Certification
Adjusted EBITDA*
$60
1,750
$50
1,500
$40
1,250
$30
1,000
$20
Volume (Tons)
$10
750
500
2018
2019
2020
2021
2022
Adjusted EBITDA
Volume
Acres in 000s
60
40
20
2882
120
100
80
Improving Age Class Profile (2)
וויו
0-9
10-19
20-29
Age Class in Years
30-39
40+
(1) Site index reflects the average height of the dominant and codominant trees at a base age of 50 (Pacific Northwest); based on King 1966 site index equation for Douglas-fir
and Wiley 1978 site index equation for Western Hemlock.
(2) Age class profile represents commercial forest acres as of 9/30/22 per 2022 Form 10-K.
Rayonier
* Non-GAAP measure (see Appendix for definitions and RYN reconciliations).
Investor Presentation | May 2023
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