2 Forward-looking Statement This presentation contains statements concerning the company’s future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on various assumptions and may not be accurate because of risks and uncertainties surrounding these assumptions. Factors listed below, as well as other factors, may cause actual results to differ significantly from these forward-looking statements. There is no guarantee that any of the events anticipated by these forward-looking statements will occur. If any of the events occur, there is no guarantee what effect they will have on company operations or financial condition. The company will not update these forward-looking statements after the date of this presentation. Some forward-looking statements discuss the company’s plans, strategies and intentions. They use words such as “expects,” “may,” “will,” “believes,” “should,” “approximately,” “anticipates,” “estimates,” and “plans.” In addition, these words may use the positive or negative or other variations of those terms. This presentation contains forward-looking statements regarding the company’s expectations, including operating values from timberlands, returns from silviculture practices, effects of scale on timberlands operating costs, expected timber harvests and demand for logs, demand for biomass, environmental benefits, growth of land ownership and management, and sources of additional values in our Timberlands segment; demand for saw timber, Canadian timber supplies, cash flows from increased volumes and improved mix, and capacity and costs in the Wood Products segment; demand for fluff pulp, manufacturing capabilities and cost reductions in the Cellulose Fiber segment; increases in housing starts in our single- family homebuilding operations; and the benefits of REIT conversion. Major risks, uncertainties and assumptions that affect the company’s businesses and may cause actual results to differ from these forward-looking statements, include, but are not limited to: the effect of general economic conditions, including the level of interest rates, availability of financing for home mortgages, strength of the U.S. dollar, employment rates and housing starts; market demand for the company’s products, which is related to the strength of the various U.S. business segments and economic conditions; the successful execution of internal performance plans, including restructurings and cost reduction initiatives; performance of the company’s manufacturing operations, including maintenance requirements and operating efficiencies; raw material, transportation and energy prices; changes in the Company’s business support functions and support costs; changes in legislation or tax rules; the level of competition from domestic and foreign producers; the effect of forestry, land use, environmental and other governmental regulations; legal proceedings; the risk of loss from fires, floods, windstorms, hurricanes, pest infestation and other natural disasters; changes in accounting principles; and other factors described under “Risk Factors” in the Company’s annual report on Form 10-K. The company also is a large exporter and is affected by changes in economic activity in Europe and Asia, particularly Japan, China and Korea. It also is affected by changes in currency exchange rates, particularly the relative value of the U.S. dollar to the euro and the Canadian dollar. Restrictions on international trade or tariffs imposed on imports also may affect the company. |
