Rayonier - Best-in-Class, Pure-Play Timber REIT
Growth of Pellet Mills Has Further Buoyed Demand
Announced
Under Construction
Operating
Rayonier
Announced & Operating Pellet Mills
°
Key Observations
Majority of operating facilities are
located in RYN markets, with a
particular focus in Coastal GA
Currently monitoring facilities
announced and under construction in
key markets
Several announced facilities planning
to locate near RYN properties
Miles
0
50
100
150
Change in GA-2 Price vs. South Average
($ per ton, pine pulpwood)
$16
$14
$12
$10
$8
$6
$4
2005
2006
2007
GA-2
Source: Timber Mart-South.
Note:
South-Wide Avg
GA-2 represents South GA, including coastal areas.
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Rayonier's markets have benefited from increased demand from pellet manufacturing
facilities, particularly in Georgia and Texas.
Rayonier
Investor Relations | August 2017
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