FROM VISION TO EXECUTION

UNLOCKING VALUE

September 2023

Tejon Ranch Co. at a Glance

Diversified real estate development and agribusiness company

  • Owns 270,000 acres of contiguous land in prime Southern California market (along heavily trafficked north/south corridor)
  • Commercial/industrial/multi-familyreal estate development currently in execution phase
  • Large-scale,long-term master planned real estate development to address substantial housing shortage
  • Current recurring revenue and cash generation to fund development activities:
    • Mineral resources (water, oil/gas, cement, rock aggregate)
    • Farming
    • Ranch operations
  • Responsible steward of land and natural resources

2

Investment in a California Legacy

Assets, strategy and team to drive meaningful long-term shareholder value

Track record of success

  • Execution stage in commercial/industrial/multi-family real estate development
  • Secured all necessary entitlements in high barrier-to-entry market, paving way for future master planned community development
  • Unlocking asset value to drive ongoing profitable growth

Uniquely positioned to significantly monetize tens of thousands of acres of raw land in prime Southern California market - located just 30 minutes north of Santa Clarita Valley in NW LA County

  • Ownership of largest contiguous piece of private land in California, strategically located in path of growth evidenced by recent commencement of new home sales in Valencia development just to the south
  • ~ 47,500 acres already entitled; ~ 8.9 million square feet already absorbed

Clear strategic vision to create significant value as a fully integrated real estate development company

  • Strong foundation supported by diversified operations producing recurring revenue

Committed, experienced executive team to drive shareholder value

3

Clear Strategic Vision

Positioned to deliver significant value as a fully integrated real estate development company

35+ million sf commercial

~ 35,000 houses

Tejon Ranch Commerce Center

Mountain Village

CentennialGrapevine

4

Monetizing our Assets

Strategy: Hold assets to drive recurring revenue and cash flow to fund development activities

Tejon Ranch Commerce Center

  • 11.1 mm sq. ft. of monetizable industrial space remaining (8.2 mm sq. ft. already absorbed)
  • 282k sq. ft. of monetizable commercial/retail space remaining (674k sq. ft. already absorbed)
  • Up to 495 multi-family units
  • Developed alone or with culturally aligned JV partners

Execution Stage Assets

Mineral Resources

  • Water, oil/gas, cement, rock aggregate

Farming

  • Pistachios - 932 total acres
  • Almonds - 2,235 total acres
  • Wine grapes - 1,036 total acres

5

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Disclaimer

Tejon Ranch Co. published this content on 19 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 September 2023 15:42:03 UTC.