Investor Relations - Timber and Real Estate Performance
Disciplined Acquisition Process = Improved Portfolio
Productivity - Site Index (1)
Harvest Rate - Tons per Acre per Year (2)
150
130
110
90
76
70
70
50
U.S. South
6.0
5.2
5.1
122
5.0
110
4.0
3.5
2.9
3.0
2.0
1.0
Pacific Northwest
U.S. South
Pacific Northwest
Acquisitions ■Legacy
25
■Acquisitions ■Legacy
Weighted Average Plantation Age
Commercial Forest Area - % Productive (3)
100%
22
20
19
90%
20
15
15
12
80%
85%
77%
72%
68%
70%
10
60%
5
U.S. South
Pacific Northwest
50%
U.S. South
Pacific Northwest
■Acquisitions
■Legacy
■Acquisitions
■Legacy
Rayonier seeks to acquire property that improves quality of portfolio and produces strong
recurring cash flow from sustainable harvest.
Note:
(1)
(2)
Rayonier
(3)
Comparison charts reflect data for U.S. legacy per 2014 10-K and acquisitions from 2014 to March 31, 2017 pro forma recent acquisition of 95,100 acres in the U.S. South.
Site index base age = 25 years for U.S. South and 50 years for Pacific Northwest.
Harvest rate for RYN Legacy assumes sustainable yield of 5.4 to 5.7 million tons for Southern Timber and 1.3 million tons for Pacific Northwest Timber (per 2014 10-K). Harvest rate for
acquisitions based on projected 10-year harvest.
Includes land classified as natural plantable.
Investor Relations | May 2017
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