Investor Relations - Timber and Real Estate Performance slide image

Investor Relations - Timber and Real Estate Performance

Acquisitions Upgrade Quality of U.S. South Portfolio Productivity - Site Index (1) Commercial Forest Area - % Plantable (2) 90 60 80 73 70 0 60 60 50 50 RYN U.S. South 90% 78 80% 73% 68% 70% Acquisitions Harvest Rate - Tons per Acre per Year (3) 6.0 5.0 4.0 3.1 3.0 2.0 1.0 RYN U.S. South 4.7 Acquisitions 60% 50% RYN U.S. South Acquisitions Inventory Stocking - Tons per Acre 40 10 IN WO 50 60 35 30 20 RYN U.S. South 45 Acquisitions The Acquisitions will improve the overall quality of Rayonier's U.S. South portfolio and will add meaningful scale in our strongest timber markets. Note: Comparison charts reflect data for the Acquisitions versus Rayonier's U.S. South portfolio as of 9/30/2016 or 12/31/2016 (as applicable) based on our most recent Form 10-K. Site index base age = 25 years for U.S. South. (1) (2) Rayonier Includes land classified as natural plantable. RYN U.S. South based on sustainable yield of 5.5 to 5.8 million tons (per 2016 10-K); Acquisitions based on forecasted long-term sustainable yield. Investor Relations | May 2017 18
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