Weyerhaeuser Company (WY) investor relations material

Strategic vision and growth targets

• Announced a multi-year growth program targeting $1.5 billion incremental EBITDA by 2030, measured against a 2024 baseline, with a focus on industry-leading total shareholder return and enhanced cash flow per share.

• Growth initiatives span Timberlands, Wood Products, Strategic Land Solutions, and Enterprise Initiatives, with most growth levers already underway and limited exposure to commodity cycles.

• The plan is diversified across organic initiatives, reducing reliance on any single business or market cycle, and emphasizes operational excellence, innovation, and leveraging scale for value creation.

• $500 million of the EBITDA target is attributed to conservative pricing uplift assumptions from a 2024 baseline, with every $100/MBF change in lumber prices generating $500 million in annual Adjusted EBITDA.

• Maintaining a cash return target of 75–80% of Adjusted FAD annually, through dividends and/or share repurchases, while keeping an investment-grade credit rating.

Timberlands and export expansion

• Timberlands growth will be driven by acquisitions, increased harvest volume, new demand (including biocarbon and TimberStrand), and southern export expansion, targeting $150 million incremental EBITDA by 2030.

• Export initiatives focus on leveraging U.S. South timber to meet rising global demand, especially in India and Southeast Asia, using breakbulk shipping to lower costs.

• Portfolio optimization and disciplined A&D have already delivered $60 million annual cash flow increase over five years.

• Product uplift opportunities include higher-value utility poles and saw log price increases in regions with new mill capacity.

• Advanced technology and AI are being deployed to optimize forestry operations and supply chain efficiency.

Wood products and manufacturing innovation

• Wood products aim for $440 million incremental EBITDA by 2030, with growth from lumber margin expansion, a new $500 million TimberStrand facility, distribution expansion, and new product development.

• The TimberStrand plant in Arkansas will double capacity, serve underpenetrated markets, and source 80% of raw material internally, with expected $100+ million annual EBITDA at full run-rate.

• Automation, AI, and advanced analytics are being scaled across manufacturing and distribution to drive cost savings and operational excellence.

• Enhanced products and customer-centric innovation are prioritized to maintain premium pricing and market leadership.

• Distribution expansion targets high-growth and lightly penetrated markets, with new DCs and organic growth initiatives underway.