Financial Data and Key Metrics Changes - CatchMark reported record net income of $23.3 million or $0.48 per share, driven primarily by the gain from the Bandon large disposition [28] - Revenues totaled $22.1 million compared to $24.6 million in the prior-year quarter, and adjusted EBITDA totaled $9.9 million, down from $12.4 million in Q3 2020 [29] - Timber sales revenue totaled $15.9 million versus $18.1 million in Q3 2020, reflecting lower harvest volumes due to wet weather conditions and the Bandon disposition [29][30] - Overall, third quarter results registered 10% lower revenue and 20% lower adjusted EBITDA year-over-year [24] Business Line Data and Key Metrics Changes - Harvest EBITDA was $7.1 million, compared to $8.5 million in Q3 2020, while real estate EBITDA was $2 million, down from $2.3 million [30] - Investment management EBITDA was $3 million, compared to $3.7 million in Q3 2020, due to a decrease in adjusted EBITDA from Dawsonville Bluff [30] - The company sold 17% fewer acres year-over-year at comparable prices per acre, totaling 1,000 acres for $2.1 million compared to 1,200 acres for $2.4 million in the prior-year quarter [45] Market Data and Key Metrics Changes - In the U.S. South, pulpwood and sawtimber stumpage prices were 8% and 11% respectively above the prior-year quarter, with pricing premiums of 38% and 16% above TimberMart-South averages [19][39] - Despite an 11% decrease in harvest volumes in the U.S. South, regional timber sales revenues increased by 1% year-over-year to $15.5 million [19][39] - Timber sales revenue from the Pacific Northwest decreased 86% year-over-year due to the Bandon sale [38] Company Strategy and Development Direction - The company is focused on a simplified strategy to own and invest in prime timberlands, particularly in leading U.S. South markets [47] - CatchMark aims to ramp up timberland investments and capitalize on environmental initiatives, including carbon sequestration and solar projects [48][49] - The company is currently reviewing approximately 130,000 acres of potential acquisitions, focusing on transactions in the $5 million to $50 million range [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance for adjusted EBITDA and net income, supported by strong market fundamentals [27][9] - The anticipated housing recovery and new mill capacity in the U.S. South are expected to create added demand for CatchMark's harvests [16][41] - Management highlighted the importance of maintaining a disciplined approach to acquisitions while ensuring predictable cash flows and stable dividends [25][49] Other Important Information - The company paid $6.5 million in distributions to stockholders during the quarter, fully covered by net cash provided by operating activities [25] - Following the Bandon and Triple T transactions, CatchMark's liquidity increased to more than $278 million, providing substantial capacity for growth initiatives [34] - The company has a competitive cost of debt at 2.92% with no near-term maturities, allowing for flexibility in funding growth [73] Q&A Session Summary Question: Discussion on inventory levels and sustainable harvest yield - Management indicated that sustainable harvest yield will be in line with past productivity levels, maintaining steady tons per acre [56][57] Question: Pricing for quality industrial Southern timber and implied cap rates - Management noted that high-quality assets continue to trade well, with increasing valuations reflecting demand from traditional buyers and new investors [58][59] Question: Thoughts on leverage and acquisition strategy - Management stated that while leverage may increase slightly to fund growth initiatives, they will operate within historical ranges and maintain a competitive cost of debt [70][72] Question: Impact of new sawmill announcements and Canadian harvesting deferrals - Management highlighted that new sawmill capacity in the U.S. South is expected to drive additional demand and pricing, while Canadian deferrals may lead to increased capital migration into the U.S. South [77][79][81]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (State or other jurisdiction of incorporation or organization) Identification No.) 601 West First Avenue, Suite 1600 (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-32729 Pot ...

Q3 2021 EARNINGS OCTOBER 26, 2021 FORWARD-LOOKING STATEMENTS & NON-GAAP MEASURES FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including without limitation, our expectations regarding the company's revenues, costs and expenses; expected liquidity; the success of the company's business strategies; the eect of the company's debt renancing and intent to renance debt maturing in the ...

CatchMark Timber Trust, Inc. (CTT) Q2 2021 Earnings Conference Call August 6, 2021 10:00 AM ET Company Participants Ursula Godoy-Arbelaez - SVP, CFO, Treasurer Brian M. Davis - President and CEO Todd P. Reitz - CRO John Rasor - President, Triple T Timberlands Conference Call Participants David Rodgers - Robert W. Baird Paul Quinn - RBC Capital Markets Anthony Pettinari - Citigroup Buck Horne - Raymond James Operator Good morning and welcome to the CatchMark Timber Trust Second Quarter 2021 Earnings Conferen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-32729 PotlatchDeltic Corporation (509) 835-1500 (Registrant's telephone number, including area code) Securities registered pursuant ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-32729 PotlatchDeltic Corporation (Exact name of registrant as specified in its charter) Delaware 82-0156045 (State or other jurisd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-32729 POTLATCHDELTIC CORPORATION (Exact name of registrant as specified in its charter) Delaware 82-0156045 (State or other jurisdiction o ...