Q1 2025 Financial Supplement April 2025 Safe Harbor Statement Forward-Looking Statements - Certain statements in this presentation regarding anticipated financial outcomes including Rayonier's earnings guidance, if any, business and market conditions, outlook, expected dividend rate, Rayonier's business strategies, expected harvest schedules, timberland acquisitions and dispositions, the anticipated benefits of Rayonier's business strategies, including the proposed sale of the entities holding Rayonier's in ...

Core Points - Acadian Timber Corp. will release its first quarter results for 2025 on May 7, 2025, followed by a conference call on May 8, 2025, at 1:00 PM Eastern Time to discuss financial and operating results [2][3] - The company will also hold a virtual Annual Meeting of Shareholders on May 8, 2025, at 11:00 AM Eastern Time [4][5] Company Overview - Acadian Timber Corp. is one of the largest timberland owners in Eastern Canada and the Northeastern U.S., managing approximately 2.4 million acres of land [6] - The company owns about 775,000 acres of freehold timberlands in New Brunswick and 300,000 acres in Maine, in addition to providing timber services for approximately 1.3 million acres of Crown licensed timberlands in New Brunswick [6] - Acadian's primary business includes forest management and the production of timber products such as softwood and hardwood sawlogs, pulpwood, and biomass by-products, serving around 90 regional customers [6] Business Strategy - The company's strategy focuses on maximizing cash flows from existing timberland assets through sustainable forest management and other land use activities [7] - Acadian aims to grow its business by acquiring assets and actively managing these assets to enhance performance [7]

Core Viewpoint - PotlatchDeltic Corporation (PCH) is rated a buy due to a positive outlook for timber prices, which is expected to drive asset appreciation for the company [1] Group 1: Financial Health and Investment Strategy - The balance sheet of PotlatchDeltic Corporation is described as healthy, indicating strong financial stability [1] - The investment recommendations are based on data-driven analyses rather than momentum-driven strategies, utilizing a combination of three models: REIT AMM, DDM, and NAV to assess the company's present and future value [1] - The focus on income-yielding assets aims to build a long-term resilient portfolio that can withstand market turmoil and outperform most capital markets [1]