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WEYERHAEUSER




Dick Dudley
General Sales Manager, Liquid Packaging Board
Jan. 7, 2013

New Routes for U.S.–Japan Collaboration:
Expanding U.S.–Japan Partnership and Exchange in 2013
PRINCIPAL BUSINESSES




                               WEYERHAEUSER COMPANY



                                  Wood      Cellulose
                 Timberlands                            Real Estate
                                 Products    Fibers




2   | 01/07/13
WHO WE ARE
    • We began operations in 1900 and are one of the world’s
      largest forest products companies
    • We grow and harvest trees, build homes and make a range
      of forest products essential to everyday lives
    • We manage our timberland on a sustainable basis in
      compliance with internationally recognized forestry
      standards
    • We have customers worldwide and generated $6.2 billion
      in sales in 2011




3   | 01/07/13
COMPANY STATISTICS
    • Own or manage 20.7 million acres worldwide
          – 6.4 million acres owned and leased in the United States
          – 13.9 million acres of licensed timberland in Canada
          – 370 thousand acres owned and leased in Uruguay and China
    • One of the world’s largest producers of wood products
          – 4.5 billion board feet of softwood lumber
          – 3.0 billion square feet of oriented strand board
          – Engineered lumber, plywood
    • 1.95 million metric tons of cellulose fiber
    • 5 real estate companies in the US



4   | 01/07/13
NET SALES AND REVENUES
    2011 net sales and revenue (dollar amounts in millions)

    REAL ESTATE


                  $838


                                                          $6,216

                       $5,378


                                  FOREST PRODUCTS
5   | 01/07/13
WEYERHAEUSER HISTORY IN JAPAN
    • WY relationship with Japan started after the Great Kanto
      Earthquake in 1923 when we exported a large volume of timber
      to help in the reconstruction.
    • Weyerhaeuser’s Japan office was established in 1963 to support
      the import of pulp (fiber used for paper production).
    • In 1965, WY’s first west coast sourced log and lumber were
      shipped to Japan; the export of wood chips to Japan was also
      started in the same year.
    • From 1976 to 1979, WY established a joint venture business,
      Norpac (manufacturer of newsprint) with Jujo Paper Co (now
      named Nippon Paper Industries Co) located in Longview,
      Washington.
    • In 1981 Weyerhaeuser Japan started the first dimension lumber
      exports to Japan for homebuilding.
    • Approximately 10% of Weyerhaeuser sales are to Japan.
6   | 01/07/13
WY BUSINESS IN JAPAN TODAY
    • Timberlands/North American Log Business
          – Japan is WY’s largest log export market
          – Long-term relationships with the largest mills serving Japan post & beam market
    • Cellulose Fibers
          – Fluff pulp used for absorbent products: disposable diapers, feminine hygiene, etc.
          – Liquid packaging board used to produce: paperboard cartons for milk, juice, tea,
            shochu and sake; over 40 years ago the first U.S. producer to be qualified by a
            Japanese carton converter
          – NORPAC (joint venture with Nippon Paper) newsprint producer: high quality,
            uncoated mechanical papers used for newspapers, books, publications, manuals,
            etc.
    • Wood Products
          – Dimension lumber: supply high quality SPF lumber to major Japan housing
            companies
          – Engineered Lumber: supply TJI Joist, Timberstrand and Parallam products for
            homebuilding to major housing companies in Japan
            – Oriented Strand Board (OSB): in 2012, WY began selling OSB products in Japan
7   |   01/07/13
                 to be used as structural panels for residential construction

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Weyerhaeuser: New Routes for U.S. - Japan Collaboration

  • 1. WEYERHAEUSER Dick Dudley General Sales Manager, Liquid Packaging Board Jan. 7, 2013 New Routes for U.S.–Japan Collaboration: Expanding U.S.–Japan Partnership and Exchange in 2013
  • 2. PRINCIPAL BUSINESSES WEYERHAEUSER COMPANY Wood Cellulose Timberlands Real Estate Products Fibers 2 | 01/07/13
  • 3. WHO WE ARE • We began operations in 1900 and are one of the world’s largest forest products companies • We grow and harvest trees, build homes and make a range of forest products essential to everyday lives • We manage our timberland on a sustainable basis in compliance with internationally recognized forestry standards • We have customers worldwide and generated $6.2 billion in sales in 2011 3 | 01/07/13
  • 4. COMPANY STATISTICS • Own or manage 20.7 million acres worldwide – 6.4 million acres owned and leased in the United States – 13.9 million acres of licensed timberland in Canada – 370 thousand acres owned and leased in Uruguay and China • One of the world’s largest producers of wood products – 4.5 billion board feet of softwood lumber – 3.0 billion square feet of oriented strand board – Engineered lumber, plywood • 1.95 million metric tons of cellulose fiber • 5 real estate companies in the US 4 | 01/07/13
  • 5. NET SALES AND REVENUES 2011 net sales and revenue (dollar amounts in millions) REAL ESTATE $838 $6,216 $5,378 FOREST PRODUCTS 5 | 01/07/13
  • 6. WEYERHAEUSER HISTORY IN JAPAN • WY relationship with Japan started after the Great Kanto Earthquake in 1923 when we exported a large volume of timber to help in the reconstruction. • Weyerhaeuser’s Japan office was established in 1963 to support the import of pulp (fiber used for paper production). • In 1965, WY’s first west coast sourced log and lumber were shipped to Japan; the export of wood chips to Japan was also started in the same year. • From 1976 to 1979, WY established a joint venture business, Norpac (manufacturer of newsprint) with Jujo Paper Co (now named Nippon Paper Industries Co) located in Longview, Washington. • In 1981 Weyerhaeuser Japan started the first dimension lumber exports to Japan for homebuilding. • Approximately 10% of Weyerhaeuser sales are to Japan. 6 | 01/07/13
  • 7. WY BUSINESS IN JAPAN TODAY • Timberlands/North American Log Business – Japan is WY’s largest log export market – Long-term relationships with the largest mills serving Japan post & beam market • Cellulose Fibers – Fluff pulp used for absorbent products: disposable diapers, feminine hygiene, etc. – Liquid packaging board used to produce: paperboard cartons for milk, juice, tea, shochu and sake; over 40 years ago the first U.S. producer to be qualified by a Japanese carton converter – NORPAC (joint venture with Nippon Paper) newsprint producer: high quality, uncoated mechanical papers used for newspapers, books, publications, manuals, etc. • Wood Products – Dimension lumber: supply high quality SPF lumber to major Japan housing companies – Engineered Lumber: supply TJI Joist, Timberstrand and Parallam products for homebuilding to major housing companies in Japan – Oriented Strand Board (OSB): in 2012, WY began selling OSB products in Japan 7 | 01/07/13 to be used as structural panels for residential construction