Financial Highlights - Total Adjusted EBITDDA reached a record of $195 million, driven by strong lumber markets[4] - The company's Cash Available for Distribution (CAD) for the trailing twelve months ended March 31, 2021, was $4131 million[7] - The company has a strong liquidity position with $761 million available[13] Segment Performance - Timberlands Adjusted EBITDDA was $679 million, with 13 million tons harvested[12] - Wood Products Adjusted EBITDDA was $1255 million, with 258 MMBF of lumber shipped[12] - Real Estate Adjusted EBITDDA was $166 million, including the sale of 7K rural acres, 51 residential lots, and 11 commercial acres[12] Timberlands - Northern Timberlands Adjusted EBITDDA was $542 million, with sawlog harvest volume of 427 thousand tons and a price of $178 per ton[26, 29] - Southern Timberlands Adjusted EBITDDA was $137 million, with sawlog harvest volume of 508 thousand tons and a price of $44 per ton[34, 37] Wood Products - Wood Products Adjusted EBITDDA was $1255 million, with lumber shipments of 258 MMBF and an average lumber price of $890 per MBF[12, 44] - The average lumber price realizations increased 41% to $890 per MBF in Q1 2021[42] Real Estate - Real Estate Adjusted EBITDDA was $166 million, with 7,083 acres of rural land sold at an average price of $1,415 per acre[12, 53] - 51 residential lots were sold at an average price of $99,000 per lot[53] Outlook - The company anticipates Q2 2021 Total Adjusted EBITDDA will be higher than Q1 2021, potentially setting a new quarterly record[68]

Financial Performance - Total Adjusted EBITDDA was $283 million with a margin of 16%[13] - Cash Available for Distribution (CAD) was $1094 million for the trailing twelve months ended March 31 2019[7] - The company repurchased 278947 shares at an average price of $3639 per share totaling $102 million[15] - The dividend payout was $160 per share resulting in a 42% yield[10] Segment Results - Resource Adjusted EBITDDA was $269 million with a harvest volume of 13 million tons[13] - Wood Products Adjusted EBITDDA was $72 million with lumber shipments of 238 MMBF and an average lumber price of $380 per MBF[13] - Real Estate Adjusted EBITDDA was $27 million[13] Q1 2019 vs Q4 2018 Comparison - Total Adjusted EBITDDA decreased by $81 million from Q4 2018 levels[21] - Wood Products Adjusted EBITDDA increased by $36 million due to an increase in lumber prices[21] - Real Estate Adjusted EBITDDA decreased by $99 million due to fewer residential lots and no commercial acres sold in Q1 2019[21]

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 ...

Financial Performance - Total Adjusted EBITDA for Q1 2025 was $634 million, with a 236% margin[10] - Cash Available for Distribution (CAD) reached $1253 million[10] - The company returned cash through a $142 million annual dividend run rate, yielding 40%[11] - Share repurchases amounted to $41 million at $45 per share[11] Segment Results - Timberlands Adjusted EBITDA was $424 million, with 19 million tons harvested[10] - Wood Products Adjusted EBITDA was $117 million, shipping 290 MMBF of lumber[10] - Real Estate Adjusted EBITDA was $227 million, including the sale of 70K rural acres and 11 residential lots[10] Timberlands - Northern sawlog prices increased by 9% due to higher indexed and cedar sawlog prices[22] - Northern sawlog harvest volume increased by 17000 tons from Q4 2024 to 354000 tons in Q1 2025[27] - Southern sawlog prices decreased, primarily due to a higher mix of smaller diameter logs[22] Wood Products - Average lumber price increased by 2% to $454 per thousand board feet (MBF) in Q1 2025[41] - Lumber shipment volume increased by 7 MMBF from Q4 2024 to 290 MMBF in Q1 2025[47] Real Estate - 7043 rural acres were sold at an average price of $3303 per acre[53, 55] - 11 residential lots were sold at an average price of $112745 per lot[54] Capital Structure - The company maintains a strong liquidity position with $447 million available[11] - Net debt to enterprise value is at 200%[11]