Rayonier - Best-in-Class, Pure-Play Timber REIT
Adjusted EBITDA* by Segment: 2014 - 2017 YTD
($ in millions)
$300
Adjusted EBITDA* by Segment
Adjusted EBITDA* by Segment (% of Total)
(% of total Adj. EBITDA)
100%
$240
90%
20%
20%
$214
31%
$250
33%
$208
80%
$48
$85
70%
19%
$200
$71
60%
14%
38%
$46
23%
$144
$150
50%
21%
10%
$58
$33
$30
$51
40%
$22
8%
10%
$100
$21
$58
30%
44%
20%
40%
$15
36%
$50
$98
$101
$93
31%
10%
$48
2014
2015
2016
2017 YTD
■Southern Pacific Northwest New Zealand Real Estate ■Trading
Corporate
($31)
($20)
($19)
($9)
2014
2015
2016
2017 YTD
■Southern Pacific Northwest New Zealand Real Estate Trading
Corporate
($31)
($20)
($19)
Recent strength in the Real Estate and New Zealand Timber segments has offset harvest
deferrals in the Pacific Northwest and Southern Timber segments.
*
Rayonier Non-GAAP measure or pro forma item (see Appendix for definitions and reconciliations).
Investor Relations | August 2017
($9)
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