Investor Presentation
U.S. South Market Quartiles Relative Position
Current Inventory Status (Years of Harvest) and Inventory Trend (Growth / Drain)
Growth Drain Ratio
2.6
2.4
2.2
2.0
1.8
1.6
1.4
1.2
1.0
0.8
% U.S. South Inventory by Market Quartile*
First Quartile
Second Quartile
Third Quartile
Fourth Quartile
33%
28%
17%
21%
U.S. South Average
G/D Balanced
0.6
10
12
14
16
18
20
22
Years of Harvest in Inventory
24
24
26
26
28
Inventory build and growth / drain ratios differ significantly among U.S. South markets.
Source: FIA, Rayonier Analysis.
Percentages/bubble sizes represent relative proportion of total pine growing stock at year-end 2018.
Market quartiles are grouped as displayed in the prior price chart. Southeast OK is included in the third quartile grouping but is not covered by a TMS reporting zone.
Investor Presentation | March 2020
Rayonier
Note:
30
50
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