Weyerhaeuser Company · NYSE:WY

Weyerhaeuser — Bank of America Merrill Lynch Global Industries Conference 2010

6 slides from Weyerhaeuser's conference presentation, Dec 20, 2010

  1. Slide 1: Weyerhaeuser Company, Bank of America Merrill Lynch, December 15, 2010

    Exhibit 99.1 WEYERHAEUSER Bank of America Merrill COMPANY Lynch December 15, 2010

  2. Slide 2: Forward-looking statements

    Forward-looking statements significantly they Some “plans.” This homebuilding capacity distribution; looking Š The 2value market raw federal legal the changes performance other company will presentation level risk successful effect of forward-looking material proceedings; factors statements, the In

  3. Slide 3: Reasons to Own Weyerhaeuser: Timberland-focused strategy optimized by REIT structure

    Reasonsinon Valuable Leader Uniquely Focused 3TIMBERLAND-FOCUSED to timberland positioned adding Own returning Weyerhaeuser andholdings toextracting value benefit toSTRATEGY shareholders from valuethefrom recovery OPTIMIZED timberlands BY REIT STRUCTURE

  4. Slide 4: Company Overview: REIT and taxable non-REIT businesses

    Over 6Products Taxable Non-REIT Minerals Wood Lumber, Engineered Cellulose Specialty Weyerhaeuser 4Single Family million REIT OSB, and Absorbent Fibers Timber Wood other Subsidiary Overview: Company Real Homebuilding acres Products Business non-qualifying Estate Pulp of timberlands Timberlands Elect

  5. Slide 5: Expect First Board Dividend Declaration in 2011

    Expect First Board Targeting FAD 2011 5“We believe dividend defined Dividend dividend totodeclare dividend paythis as quarterly payment payout Guidance cash dividend actual payout flow may dividend expected dividend is before ratio beattractive significantly ofon to of debt 75% occur 15 quarterly re

  6. Slide 6: Questions?

    ? Questions? 4, A ,

Weyerhaeuser — Bank of America Merrill Lynch Global Industries Conference 2010 on 6ix