Investor Presentation
New Zealand Timber - Portfolio Overview
Highlights/Location
☐
Acreage: 415,000 acres (295,000 productive acres)
◉
Sustainable Yield: 2.4-2.7 million tons
125
100
Strong Productivity Characteristics
B
☐
Planted/Plantable: 71%
▪ Average Site Index: 94 feet at age 20(1)
▪ 2019 EBITDA*: $75.8 million
FSC® and PEFC™M Certification
Appraised value as of 12/31/19: NZ$1,514 million
(NZ$5,138 / productive acre)(3)
Acres in 000s
Site Index in Feet (1)
75
50
50
25
Radiata Pine
Regional Avg.
Industrially-Managed
Radiata Average
Rayonier
Radiata Average
Balanced Age Class Profile (Radiata) (2)
70
60
50
40
30
20
10
וווו
0-4
5-9
10-14
15-19
20-24
25+ Other
Age Class in Years
(1)
(2)
(3)
Site index reflects the average height of the dominant and codominant trees at a base age of 20 (New Zealand).
Age class profile as of 12/31/19 per 2019 Form 10-K.
Annual appraisals are obtained by Matariki Forestry Group for compliance with statutory financial reporting requirements.
Source: NZ Ministry for Primary Industries, New Zealand Journal of Forestry.
Rayonier * Non-GAAP measure (see Appendix for definitions and RYN reconciliations).
Investor Presentation | May 2020
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