PRIME TIMBERLANDS

HIGH-DEMAND MILL MARKETS

SUPERIOR MANAGEMENT

THIRD QUARTER 2021

Investor Presentation

FORWARD-LOOKING STATEMENTS

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. However, the absence of these or similar words or expressions does not mean that a statement is not forward-looking.Forward-looking statements are not guarantees of performance and are based on certain assumptions, discuss future expectations, describe plans and strategies, contain projections of results of operations or of financial condition or state other forward-looking information. Forward-looking statements in this presentation include, but are not limited to, that we will maximize our cash flows throughout the business cycle by actively managing our timberlands located in high-demand mill markets; that the improving overall asset quality and increasing share of sawtimber in our harvest mix enhances prospects for future revenue growth; that increasing housing and repair/remodel demand should lead to higher lumber and OSB consumption and better pricing; that will seek to grow Adjusted EBITDA and long-term NAV through stepped up timberland acquisitions while continuing to adhere to our stringent underwriting criteria; that recent significant mill market expansion should lead to greater, near-term price appreciation; that U.S. South pine demand metrics continue to increase through 2025; that our use of HBU sales will increase revenues; that strong relationships and supply agreements help secure dependable outlets for CatchMark harvests; that we seek to maintain balance sheet flexibility for opportunistic investments and to manage potential revenue volatility with an aim to lower overall leverage in the near-term; and our guidance with respect to our anticipated 2021 results. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations, including, but not limited to (i) the supply of timberlands available for acquisition that meet our investment criteria may be less than we currently anticipate; (ii) we may be unsuccessful in winning bids for timberland that are sold through an auction process; (iii) we may not be able to access external sources of capital at attractive rates or at all; (iv) potential increases in interest rates could have a negative impact on our business; (v) timber prices may not increase at the rate we currently anticipate or could decline, which would negatively impact our revenues; (vi) we may not generate the harvest volumes from our timberlands that we currently anticipate; (vii) the demand for our timber may not increase at the rate we currently anticipate or could decline due to changes in general economic and business conditions in the geographic regions where our timberlands are located, including as a result of the COVID-19pandemic and the measures taken as a response thereto; (viii) a downturn in the real estate market, including decreases in demand and valuations, may adversely impact our ability to generate income and cash flow from sales of higher-and-betteruse properties; (ix) we may not be able to make large dispositions of timberland in capital recycling transactions at prices that are attractive to us or at all; (x) our dividends are not guaranteed and are subject to change; (xi) the markets for carbon sequestration credits, wetlands mitigation banking and solar projects are still developing and we maybe unsuccessful in generating the revenues from environmental initiatives that we currently expect or in the timeframe anticipated; (xii) our share repurchase program may not be successful in improving stockholder value over the long-term;(xiii) our joint venture strategy may not enable us to access non-dilutivecapital and enhance our ability to make acquisitions; and (xiv) the factors described in Part I, Item 1A Risk Factors of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and our other filings with Securities and Exchange Commission. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. We undertake no obligation to update our forward-looking statements, except as required by law.

2

TABLE OF CONTENTS

SECTION

PAGE

CatchMark Overview

4

Disciplined Acquisitions

13

High-Demand Mill Markets

21

Superior Management

26

Capital Strategy

32

Growth Strategy

36

Summary

40

Appendix

43

In this presentation (1) "CatchMark" refers to CatchMark Timber Trust, Inc., a Maryland corporation that has elected to be taxed as a real estate investment trust (NYSE: CTT), (2) "Triple T" refers to TexMark Timber Treasury, L.P., a Delaware limited partnership that is a joint venture that was managed by CatchMark and in which CatchMark held a common limited partnership interest as of September 30, 2021, (3) "Dawsonville Bluffs" refers to Dawsonville Bluffs, LLC, a Delaware limited liability company that is a joint venture managed by CatchMark and in which CatchMark holds a 50% limited liability company interest, and (4) "IPO" refers to CatchMark's initial listed offering in December 2013.

3

C A T C H M A R K OV E R V I E W

4

C a tchM a r k ( N Y S E : C T T ) se e k s to d e l i v e r

co nsi ste nt a nd g r o wi ng p e r sha r e ca sh f l o w f r o m d i sci p l i ne d a cq ui si ti o ns a nd sup e r i o r m a na g e m e nt o f p r i m e ti m b e r l a nd s l o ca te d i n hi g h - d e m a nd U . S . m i l l m a r k e ts .

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

CatchMark Timber Trust Inc. published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 20:29:52 UTC.