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 Timberlands, Strategic Land Solutions, Wood Products, and enterprise initiatives.

• Maintains a cash return target of 75-80% of Adjusted Funds Available for Distribution (FAD) to shareholders annually.

• Focuses on operational excellence, innovation, and sustainability as foundational strengths.

• Launched a new biocarbon business targeting 1.5 million tons of production by 2030 through a partnership with Aymium.

• Pursues disciplined capital allocation, balancing shareholder returns, capital expenditures, and capital structure.

Portfolio and operational highlights

• Largest private timberlands owner in North America with over 10 million acres in the U.S. and 13 million acres licensed in Canada.

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

• Timberlands segment achieved ~$650 million average annual Adjusted EBITDA (2021-2025), with peer-leading scale and market access.

• Strategic Land Solutions segment (formerly Real Estate, Energy & Natural Resources) delivered ~$340 million average annual Adjusted EBITDA (2021-2025), with strong growth from climate solutions.

• Wood Products segment is the #2 lumber producer in North America, with industry-leading margins and diversified product mix.

Growth levers and market drivers

• Identified $1 billion of line-of-sight growth initiatives by 2030, including new product development, export expansion, and climate solutions.

• Capitalizes on favorable U.S. housing and repair/remodel demand, increased adoption of wood-based building, and rising global wood fiber demand.

• Expanding engineered wood products capacity with a new TimberStrand facility in Arkansas, expected to double capacity and add $100+ million in annual Adjusted EBITDA at full operation.

• Biocarbon business targets the large metallurgical coal replacement market, leveraging lower-value wood fiber for decarbonization in metals production.