Weyerhaeuser (WY) Investor presentation summary

Strategic vision and growth targets

• Aims to add $1.5 billion in incremental Adjusted EBITDA by 2030, measured against a 2024 baseline, through growth initiatives across all business segments and enterprise initiatives.

• Maintains a target to return 75-80% of Adjusted Funds Available for Distribution (FAD) to shareholders annually via dividends and share repurchases.

• Focuses on operational excellence, innovation, and sustainability as foundational strengths to drive superior shareholder value.

• Launched a new accelerated growth strategy to enhance cash flow per share and earnings stability through 2030.

Portfolio and business segment highlights

• Holds over 10 million acres of timberlands in the U.S. and manages 13 million acres under license in Canada, making it the largest private timberlands owner in North America.

• Operates 33 manufacturing facilities and 22 distribution centers, with recent expansions in key U.S. homebuilding markets.

• Strategic Land Solutions segment (formerly Real Estate, Energy & Natural Resources) manages real estate, natural resources, and climate solutions across 10+ million acres.

• Wood Products segment is a leading low-cost manufacturer with a diversified mix of high-quality products and industry-leading scale.

Financial performance and capital allocation

• Achieved more than $1.2 billion in high-quality acquisitions and divested ~$850 million of non-core timberlands from 2022-2025.

• Increased sustainable base dividend by over 5% annually from 2022-2025 and returned more than $6 billion to shareholders from 2021-2025.

• Maintains an investment grade credit rating, with a leverage ratio target of 3.5x net debt to Adjusted EBITDA and a well-laddered debt profile.

• Capital expenditures are targeted at $400-450 million annually through 2030, excluding major investments like the Monticello engineered wood products facility.