U.S. South Historical Valuation Snapshot
Acquisitions Upgrade Quality of U.S. South Portfolio
80%
Commercial Forest Area - % Plantable (1)
Productivity - Site Index (2)
75%
70%
67%
65%
60%
55%
50%
RYN Legacy U.S. South
72%
Acquisitions
Inventory Stocking - Tons per Acre
60
50
37
40
30
20
10
|
RYN Legacy U.S. South
54
Acquisitions
80
75
72
70
65
60
55
50
RYN Legacy U.S. South
73
Acquisitions
Sustainable Yield – Tons per Acre per Year (3)
6.0
5.0
4.0
3.5
3.0
2.0
1.0
RYN Legacy U.S. South
4.8
Acquisitions
The Acquisitions improve the overall quality of Rayonier's U.S. South portfolio and add
meaningful scale in some of our strongest timber markets.
Rayonier
Note: Charts reflect data for the Acquisitions versus Rayonier's legacy U.S. South portfolio (prior to acquisition).
Includes land classified as natural plantable.
Site index base age = 25 years for U.S. South.
RYN legacy U.S. South based on sustainable yield of 6.1 to 6.5 million tons (per 2021 Form 10-K). Acquisitions based on forecasted long-term sustainable yield.
Investor Presentation | May 2023
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