Genesis Land Development Corp. · TSX:GDC
Genesis Land Development — Corporate Update (June 2019)
27 slides from Genesis Land Development's corporate update, Jun 30, 2019
Slide 1: Corporate Update
CORPORATE UPDATE June 30, 2019
Slide 2: Advisories: Forward-looking Statements
GENESIS ADVISORIES Forward-looking Statements This presentation may contain certain statements which constitute forward-looking statements or information within the meaning of applicable securities laws concerning the business, operations and financial performance and condition of Genesis. Generally
Slide 3: 3
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Slide 4: Table of contents
1 ………… ABOUT GENESIS 2 ………… PROVEN TRACK RECORD 3 ………… CORE LAND HOLDINGS 4 ………… EXPERIENCED MANAGEMENT TEAM 5 ………… STRATEGY & BUSINESS PLAN 6 ………… STRONG OPERATING RESULTS 7 ………… APPENDIX: CORE LAND HOLDINGS 4
Slide 5: Well-positioned for the next phase of growth
With a significant portfolio of well-located, entitled and unentitled residential, commercial and mixed-use lands, low debt levels, and a highly experienced management team, Genesis is exceptionally well-positioned for the next phase of growth.
Slide 6: Genesis Historical Timeline
GENESIS HISTORICAL TIMELINE DREAM. DESIGN. BUILD. At Genesis, our mission is to imagine and develop inspired communities that enrich lives—one home, one family, and one neighbourhood at a time. 1991 1997 1998 1999 2001 2005 2006 2013 2014 2018 ¢ ai + > ——"s 7 ? , if | Development of | Outline plan f
Slide 7: Key figures
$200 M 28 14 $58 M 3,200 0% 10,000 7
Slide 8: A Solid Foundation
A SOLID FOUNDATION We’re building our legacy with: * Proven track record ¢ Well-located core land holdings * Highly experienced management team * An integrated, focused strategy * Strong financial position
Slide 9: Proven Track Record
PROVEN TRACK RECORD Genesis has developed 1,366 acres of residential land, creating nine residential communities in the Calgary Metropolitan Area (CMA). * Over 10,000 families now live in these communities GENESIS COMMUNITY START TOTAL TOTAL ACRES DATE UNITS ACRES REMAINING : AIRDRIE CANALS 1997 1,9
Slide 10: Core Land Holdings
CORE LAND HOLDINGS June 30, 2019 SERVICED FUTURE LAND PARCELS ‘SF LOTS SF LOTS (ACRES) AIRDRIE: BAYSIDE, BAYVIEW 258 4,214 4 CALGARY NW: SAGE MEADOWS 49 - 18 ‘CALGARY NW: SAGE HILL CROSSING - 282 28 CALGARY NE: SADDLESTONE 237 - 2 CALGARY SE: RICARDO RANCH - 1190 16 ROCKY VIEW COUNTY: OMNI - - 610 5
Slide 11: Management Team
MANAGEMENT TEAM IAIN STEWART President and CEO Over 30 years of real estate experience “Our experienced team, solid track record, strong balance sheet, and excellent development plays have positioned Genesis for sustained growth in the market.” WAYNE KING Chief Financial Officer 25 years of experien
Slide 12: Strategy & Business Plan
STRATEGY & BUSINESS PLAN co <> \4- A ome YFOCUSED — APPROACH S \ Ja Oy Ey KC < Genesis strategy is Sy sey designed to maximize shar ates AUTON leveraging opportunities for coy vom Now AT-A-GLANCE OVERVIEW O * Targeted CMA focus Land acquisitions ® Servicing additional phases Increasing the velocity
Slide 13: Anticipate local market conditions and develop communities
Anticipate local market conditions and develop communities based on consumer needs Be first in-the-know about current and upcoming acquisition opportunities Act quickly on potential quality land investments Navigate the approval process with local stakeholders Attract quality home building partners
Slide 14: Out of favour market presents opportunities
Out of favour market presents opportunities Western Canada’s business centre Population growth even through recession Above average growth forecast going forward (2.2%) Relatively affordable Attractive to new businesses Low tax rates Available office space Warehousing/distribution nexus Educated, en
Slide 15: Calgary market statistics
4th 36.8 2.2% +150,000 $64,098 $72,957 15
Slide 16: Strong Operating Results
STRONG OPERATING RESULTS Previous five years (2014 — 2018) * 48 consecutive years of positive net earnings * 20414 - 2018 cumulative results: * Net earnings of $59 million * Total revenues of over $600 million * $428 million in operating cash flow GENESIS 215 2017 Consolidated Revenues (CUMULATIVE 5
Slide 17: Strong Balance Sheet
STRONG BALANCE SHEET June 30, 2019 * Market capitalization to shareholders’ equity ratio of 0.55 * No net debt (as cash position greater than debt) (000’s) BOOK PER SHARE VALUE ($) (S$) REAL ESTATE ASSETS 200,124 474 WORKING CAPITAL * 8,439 0.20 NET CASH (DEBT) ? 1,279 0.03 NON-CONTROLLING INTEREST
Slide 18: Positioned for Growth
POSITIONED FOR GROWTH Building on our successes with: ° Proven track record * Well-located core land holdings * Highly experienced management team ¢ An integrated, focused strategy * Strong financial position
Slide 19: Core Land Holdings
a gOS NY, . CORE LAND HOLDINGS eS
Slide 20: Core Land Holdings
CORE LAND HOLDINGS June 30, 2019 Genesis is well-positioned to build on its successes with an extensive portfolio of core land holdings in the CMA COMMUNITY ACRES GENESIS TARGETED DEVELOPMENT TIMEFRAME AIRDRIE BAYSIDE 70 2019-2028 BAYVIEW 138 2019- 2031 CALGARY 208 SADDLESTONE 2019 — 2022 SAGE MEADO
Slide 21: Core Land Holdings
CORE LAND HOLDINGS • • • • • • • • 21
Slide 22: Core Land Holdings
Servicing started in 2040 480 acres serviced Target completion in 2022 196 single family lots 41 townhomes 2 acres of multi-family land
Slide 23: Core Land Holdings
Servicing started in 2010 374 acres serviced 252 acres sold after obtaining land use Target completion in 2024 49 single family lots 418 acres of multi-family land
Slide 24: Core Land Holdings: Sage Hill Crossing
CORE LAND HOLDINGS NW CALGARY: SAGE HILL CROSSING DEVELOPMENT TIMELINE * 400 acres developed and 42 acres sold ° 49 acres to be serviced in 2020 * Target completion in 2029 GENESIS CURRENT INVENTORY * 45 acres serviced multi-family/commercial * 49 acres of future development land * Proposed mix of s
Slide 25: Core Land Holdings
Acquired in October 2014 Target start year for servicing of 2024 Target completion in 2034 349 acres of undeveloped land
Slide 26: Core Land Holdings: Omni
GENESIS CORE LAND HOLDINGS ROCKY VIEW COUNTY: OMNI wus 0 A Ci toe eae DEVELOPMENT TIMELINE f in Bo THE OMNI OUTLET CENTRE if te oon * Target start year for servicing of 2024 t auiLaE, Pe Pests * Target completion in 2035 i ui oe os ATMS 7a ee eae Soe es a < yf Sr? ir te ee , CURRENT INVENTORY : | &
Slide 27: Genesis Land Development Corp. Contact Information
GENESIS LAND DEVELOPMENT CORP. Contact Information lain Stewart, CPA, CA, President and Chief Executive Officer Wayne King, CPA, CA, Chief Financial Officer 7315 - 8th Street NE Calgary AB T2E 8A2 P: 403-265-8079 Toll free: 1-800-341-7211 Email: genesis@genesisland.com Website: www.genesisland.com 2
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