Weyerhaeuser Company (WY) Raymond James 46th Annual Institutional Investors Conference summary

Strategic Priorities and Performance

• Invested $775 million in timberland acquisitions since 2021, progressing toward a $1 billion target by year-end or 2025.

• Captured $117 million in operational excellence improvements from 2022 to 2024, targeting $175–250 million by 2025.

• Natural Climate Solutions business grew to $84 million EBITDA in 2024, aiming for $100 million by year-end or 2025.

• Returned over $5.3 billion to shareholders through dividends and buybacks since 2021, with a 5% annual dividend increase.

• Focused on four value levers: asset portfolio, industry-leading performance, ESG, and disciplined capital allocation.

Timberland, Real Estate, and Market Positioning

• Largest private timberland owner in North America, with 10.4 million acres in the U.S. and 14 million managed in Canada.

• Portfolio includes high-quality Douglas fir in the Pacific Northwest and southern yellow pine in the South.

• Maintains a leading export position, with 66% of 2024 export log revenue from Japan and growing exports to India and southern markets.

• Real estate business manages 1.2 million acres with higher and better use attributes, selling less than 1% of timberland acres annually at a premium.

• Carbon platform leverages forests and products to sequester millions of tons of CO2 annually, positioning for long-term value from emerging carbon markets.

Natural Climate Solutions and Renewables

• NCS business includes mitigation, conservation, renewable energy, carbon capture, and forest carbon.

• Signed 70 solar agreements, with first site online and more under construction; seven wind sites operating.

• Three carbon capture agreements signed; revenue expected to ramp up toward decade's end.

• Forest carbon projects to see 5–10x increase in credits sold this year, with 2025 as an inflection point.

• Carbon capture and storage seen as largest long-term NCS opportunity, though delayed by permitting.