Investor Presentation
Pacific Northwest Timber - Portfolio Overview
Highlights/Location
Acreage: 508,000 acres (1)
Sustainable Yield: 1.9 million tons(1)
Planted/Plantable: 79% (1)
Average Site Index: 116 feet at age 50(2)
2019 EBITDA*: $16.7 million
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Sustainable Forestry Initiative Certification
Site Index in Feet (2)
125
228
100
75
75
50
25
Strong Productivity Characteristics
Acres in 000s
Douglas-fir
Regional Avg.
Industrially-Managed
Douglas-fir Avg.
Rayonier
Douglas-fir Avg.
Improving Age Class Profile (3)
120
100
80
60
40
20
0
0-9
10-19
20-29
30-39
40+
Age Class in Years
As of 3/31/2020 pro forma for Pope Resources acquisition (excluding "look-through" acres in Timber Funds business).
(2) Site index reflects the average height of the dominant and codominant trees at a base age of 50 (Pacific Northwest); based on King 1966 site index equation for Douglas-fir
and Wiley 1978 site index equation for Western Hemlock; excludes Pope Resources acquisition.
(3)
(4)
Rayonier * Non-GAAP measure (see Appendix for definitions and RYN reconciliations).
Age class profile represents commercial forest acres as of 9/30/19 per 2019 Form 10-K pro forma for Pope Resources acquisition.
Source: U.S. Dept. of Agriculture, Society of American Foresters Journal of Forestry.
Investor Presentation | May 2020
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