Investor Relations - Timber and Real Estate Performance slide image

Investor Relations - Timber and Real Estate Performance

RYN Markets Benefit from Strong and Stable Pulpwood Demand Major Pulpwood Consuming Mills Proximate to RYN Lands P Containerboard / Kraft Dissolving Pulp Pellets OSB Fluff Pulpi Specialty Packaging Tissue Freesheet/Coated Paper Newsprint / Directory Rayonier Miles 0 50 100 150 Overview of Rayonier Pulpwood Consumers Facility Key End Product Containerboard / Kraft Pellets % of 2016 Harvest Long-Term Demand Trend 65% + 7% + Dissolving Pulp 7% + Fluff Pulp 7% + Specialty Packaging 6% + Oriented Strand Board (OSB) 4% + Other 3% + Tissue + Freesheet Coated Paper Newsprint Directory Total 100% NA Note: Estimated based on 2016 harvest. Rayonier's timberlands are strategically positioned near a variety of major pulpwood consumers that are manufacturing products for stable and/or growing end-markets. Rayonier Investor Relations | May 2017 10
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