WEYERHAEUSER Investor Presentation December 2024 ANDY TAYLOR Vice President, Investor Relations AMANDA LUPER Senior Manager, Investor Relations Contact Us: (206) 539-3907 FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES 2 2 This presentation contains statements and depictions that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including without limitation with respect to the following: our future goals and prospects, in ...

Webcast and conference call on July 25 at 7 a.m. PT (10 a.m. ET)SEATTLE, June 26, 2025 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) will release second quarter 2025 results on Thursday, July 24, after the market closes. The company will then hold a live webcast and conference call the following day, on Friday, July 25, at 7 a.m. Pacific (10 a.m. Eastern), to discuss the results.To access the earnings release, live webcast and presentation online, visit the Investor Relations section on www.weyerhaeuser.c ...

Core Viewpoint - Weyerhaeuser Company (NYSE: WY) is rated as a Hold for investors interested in real estate investment trusts (REITs) due to its business being subject to cyclical fluctuations as the world's largest private owner of timberlands [1]. Company Summary - Weyerhaeuser Company is recognized as the largest private owner of timberlands globally, which leads to a business model that experiences significant ups and downs [1]. Analyst Background - The analysis is provided by David A. Johnson, who has over 30 years of investment experience and holds multiple advanced degrees in finance and business [1].

Summary of Weyerhaeuser Company (WY) 2025 Conference Call Company Overview - Weyerhaeuser is the largest private owner of timberlands in North America, with approximately 10.5 million acres of high-quality timberlands across the Pacific Northwest, U.S. South, and Northeast [3] - The company is also one of the largest manufacturers of wood products, including lumber and engineered wood products [3][4] Key Business Segments - The company operates in timberland, wood products manufacturing, and real estate, energy, and natural resources [4] - Weyerhaeuser aims to maximize value from its timberlands through various initiatives, including its Natural Climate Solutions business [4] Financial Performance and Targets - Weyerhaeuser has achieved $1.1 billion in timberland acquisitions since 2021, surpassing its $1 billion target [5] - The company aims to grow its Natural Climate Solutions business to $100 million in annual EBITDA by the end of 2025, having delivered $84 million last year [5][6] - The company has returned approximately $5.7 billion in cash to shareholders through dividends and share repurchases [7] Recent Acquisitions - Weyerhaeuser announced a significant acquisition of 115,000 acres in North Carolina and Virginia for $375 million, expected to close in Q3 [11] - The acquired timberlands are projected to yield over 7 tons per acre and a cash flow yield of over 5%, enhancing the quality of Weyerhaeuser's portfolio [11][12] Market Dynamics - The timberland market remains strong, particularly for high-quality timberlands, with over $2 billion in transactions expected this year [14] - The company is actively divesting lower-quality timberlands to fund acquisitions and improve portfolio quality [12][17] Housing Market Insights - The housing market has been weaker than expected, primarily due to high mortgage rates and uncertainty around tariffs [22][23] - Single-family housing demand has been below expectations, while multifamily housing has shown signs of improvement [24][25] - Repair and remodel markets have remained steady, with potential for growth in the latter half of the year [26] Tariffs and Regulatory Environment - The U.S. administration is supportive of the timber industry, with upcoming duties on Canadian lumber expected to rise from 14% to 34% [32][33] - The increase in duties is anticipated to impact lumber prices, potentially benefiting Weyerhaeuser [34][39] OSB Market - The OSB market has faced challenges due to supply-demand imbalances and new capacity coming online [40] - Prices are expected to fluctuate based on demand and supply dynamics in the latter half of the year [41] New Projects - Weyerhaeuser is investing $500 million in a new Timber Strand facility in Arkansas, projected to generate $100 million in EBITDA [46][51] - The facility will utilize lower-cost pulp logs and is expected to enhance the company's market share in engineered wood products [44][49] Conclusion - Weyerhaeuser is strategically positioning itself for growth through acquisitions, new projects, and a focus on high-quality timberlands while navigating a challenging housing market and regulatory landscape [2][6][22]

Group 1: Campaign Overview - The Fighting Fires Together campaign, now in its fourth year, aims to address the mental health challenges faced by wildland firefighters in high-stress environments [2][4] - The campaign provides a free online resource hub with content on PTSD, depression, anxiety, and suicide prevention, along with educational articles and support group contacts [2] Group 2: Company Background - Weyerhaeuser Company, a major private timberland owner, controls approximately 10.4 million acres of timberlands in the U.S. and has been a leader in sustainability for over a century [5] - In 2024, Weyerhaeuser generated $7.1 billion in net sales and employed around 9,400 people [5] Group 3: Historical Context - Weyerhaeuser's involvement in wildland firefighting began after the Yacolt Burn in 1902, advocating for fire legislation and community fire prevention education [3] - The company continues to invest in fire prevention and response through various operational strategies, including annual fire readiness training and deployment of quick-response crews [3][4] Group 4: Partner Organization - The Firefighter Behavioral Health Alliance (FBHA), founded in 2010, provides educational workshops focused on behavioral health issues and suicide prevention for firefighters and EMTs [6]

Core Strategy and Acquisition - Weyerhaeuser Company is making a significant move by acquiring 117,000 acres of timberlands in North Carolina and Virginia for $375 million, enhancing its presence in the U.S. South where demand for sawlogs and fiber is strong [1] - The acquisition is expected to unlock immediate and long-term cash flow advantages by integrating these mature, high-yield timberlands with existing assets [1][2] Financial and Operational Impact - The newly acquired land is expected to yield an average annual harvest of 860,000 tons over the next five years, with 81% of the land covered in planted pine [2] - Weyerhaeuser anticipates a 5.1% average timber free cash flow yield during this period, reinforcing its Southern Timberlands business as a cash flow leader [2] Long-Term Value Creation - The acquisition offers potential for additional value creation through real estate, carbon credits, and broader resource development, aligning with Weyerhaeuser's strategy of monetizing natural climate solutions [3] - Since 2022, Weyerhaeuser has acquired over $1.1 billion in high-quality land holdings, supporting its multi-year timberland growth target set in 2021 [3] Financial Discipline and Shareholder Value - The $375 million acquisition will be funded primarily through tax-efficient divestitures of non-core assets, ensuring minimal impact on the balance sheet [4] - Weyerhaeuser's management emphasizes a commitment to disciplined capital allocation, having returned substantial capital via dividends and buybacks [4] Market Performance and Challenges - Weyerhaeuser's stock has decreased by 15.7% in the past three months, contrasting with a 1.7% rise in the Zacks Building Products - Wood industry [5] - The company has faced challenges due to lower export sales volumes, particularly to China, impacting overall performance [5][7] Future Outlook - Despite recent challenges, Weyerhaeuser's focus on expanding its facility and strategic long-term investments is expected to enhance its business portfolios and shareholder value [8] - The acquisition is viewed as a strategic move that positions the company well for sustainable value delivery, appealing to long-term investors [8]

Core Viewpoint - Weyerhaeuser Company has announced an agreement to acquire approximately 117,000 acres of high-quality timberlands in North Carolina and Virginia for $375 million, enhancing its Southern Timberlands portfolio and expected to deliver immediate cash flows [1][2]. Acquisition Details - The acquisition includes mature, productive timberlands that will integrate well with existing operations in North Carolina and expand into southeastern Virginia markets [1][2]. - This transaction is part of a broader strategy, with Weyerhaeuser having acquired over $1.1 billion in timberlands since early 2022, aligning with its growth targets [2]. Financial Aspects - The cash for the acquisition will primarily come from divestitures of non-core timberlands, which are expected to be completed in a tax-efficient manner [2]. - Upon completion, Weyerhaeuser will manage approximately 744,000 acres in North Carolina and 150,000 acres in Virginia, along with three mills and two distribution centers [2]. Operational Insights - The acquired timberlands are located in strong markets, with 81% planted pine acreage and an expected average annual harvest of 7.4 tons per acre over the first five years [4]. - The anticipated average annual timber free cash flow yield from the acquisition is projected to be 5.1% over the same period [4]. Company Background - Weyerhaeuser is one of the largest private owners of timberlands, managing approximately 10.4 million acres in the U.S. and has been a leader in sustainable forestry for over a century [3]. - In 2024, the company reported $7.1 billion in net sales and employed around 9,400 people [3].

Core Points - Weyerhaeuser Company has agreed to sell its lumber mill in Princeton, British Columbia, to the Gorman Group for approximately $120 million CAD, which includes the manufacturing facility, timber licenses, and working capital [1][3] - The transaction is expected to be completed in the third quarter of 2025, subject to customary closing conditions and regulatory review [3][7] - Weyerhaeuser anticipates recognizing a gain from the sale and incurring a tax liability of about $15 million CAD [3] Company Overview - Weyerhaeuser is one of the largest private owners of timberlands, controlling approximately 10.4 million acres in the U.S. and additional public timberlands in Canada [4] - The company generated $7.1 billion in net sales in 2024 and employs around 9,400 people [4] - Weyerhaeuser operates as a real estate investment trust and is recognized for its commitment to sustainability in timberland management [4] Gorman Group Overview - The Gorman Group is a family-owned company with over 75 years of experience in the wood products industry, operating multiple facilities in Southern British Columbia and Northern Washington [5] - The company employs approximately 900 people and focuses on high-value lumber products for home finishing and renovation markets [5] - Gorman Bros. Lumber, a division of the Gorman Group, is the largest customer of the Princeton mill, indicating a strong existing relationship [2][5]

Company Overview - Weyerhaeuser Company is one of the world's largest private owners of timberlands, controlling approximately 10.4 million acres in the U.S. and additional public timberlands in Canada [3] - The company has been a global leader in sustainability for over a century, managing 100% of its timberlands sustainably in compliance with recognized forestry standards [3] - In 2024, Weyerhaeuser generated $7.1 billion in net sales and employed around 9,400 people [3] Upcoming Event - Devin W. Stockfish, president and CEO, and David M. Wold, senior vice president and CFO, will represent Weyerhaeuser at the Nareit REITweek: 2025 Investor Conference on June 3, 2025 [1] - The presentation is scheduled for 3:15 p.m. Eastern, with webcast links and materials available on the company's investor website [2]

Core Points - Weyerhaeuser Company declared a quarterly base cash dividend of $0.21 per share, payable on June 13, 2025, to shareholders of record as of May 30, 2025 [1] - The board authorized a new share repurchase program of up to $1 billion, replacing the previous $1 billion program completed in September 2021 [2] - The company repurchased approximately $74 million of common shares in the second quarter of 2025 under the prior authorization [2] - Year to date, Weyerhaeuser has completed nearly $100 million in opportunistic share repurchases and has returned over $5.7 billion to shareholders since the beginning of 2021, including $1 billion in share repurchases [3] - The company aims to return 75 to 80 percent of annual Adjusted Funds Available for Distribution (Adjusted FAD) to shareholders through dividends and share repurchases [3][4] Company Overview - Weyerhaeuser is one of the largest private owners of timberlands, controlling approximately 10.4 million acres in the U.S. and additional public timberlands in Canada [5] - The company generated $7.1 billion in net sales in 2024 and employs around 9,400 people [5] - Weyerhaeuser operates as a real estate investment trust and is listed on the New York Stock Exchange under the symbol WY [5]