Rayonier - Best-in-Class, Pure-Play Timber REIT
Leading "Pure-Play" Timberland REIT
Rayonier - EBITDA* Composition (2014-16)
Peer Group - EBITDA* Composition (2014-16)
Other
29%
0
Timber
Segments
71%
Other
46%
0
Timber
Segments
54%
Rayonier is a leading “pure-play" timberland REIT that generates the significant majority of its
EBITDA* from recurring timber harvest operations.
Rayonier
*
Note: Timberland REIT Peer Group comprised of WY, PCL (legacy), PCH and CTT. Figures reflect aggregate Timberland REIT Peer Group 2014-2016 EBITDA excluding corporate
expenses. Other includes real estate, manufacturing and other reported segments. WY excludes divested Cellulose Fibers business.
Non-GAAP measure or pro forma item (see Appendix for definitions and reconciliations).
Investor Relations | August 2017
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