Pultegroup, Inc. · NYSE:PHM
Pultegroup — Q2 2014 Earnings Presentation
10 slides from Pultegroup's earnings presentation, Jul 24, 2014
Slide 1: PulteGroup, Inc. Summary of Financial Results Second Quarter 2014
PulteGroup, Inc. Summary of Financial Results Second Quarter 2014
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes “forward-looking statements.” These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to s
Slide 3: PulteGroup, Inc. Executives
PulteGroup, Inc. Executives Richard Bob Jim Jim Dugas O’Shaughnessy Ossowski Zeumer Chairman, Executive Vice President, Vice President, President Vice President Finance and Investor Relations and CEO and CFO Controller and Corporate Communications 2
Slide 4: Review of Q2 2014 Financial Results
Review of Q2 2014 Financial Results 3
Slide 5: Q2 2014 Highlights
Q2 2014 Highlights Pretax income up 77% to $68 Value of net new orders increased million 5% to $1.6 billion Q2 earnings of $0.11 per share Increased absorptions per community drive net new orders of 4,778 homes after charges of $0.14 per share for insurance reserves Average selling price u
Slide 6: Sustained Gross Margin Performance
Sustained Gross Margin Performance 5
Slide 7: Balanced Allocation of Capital
Balanced Allocation of Capital Q2 investment of $395 million in 160,000 LOTS UNDER CONTROL land acquisition and development Owned Optioned 140,000 6,700 lots put under control $720 million invested in land through 120,000 first half of 2014; $2.0 billion 100,000 authorized for full year Repu
Slide 8: Q2 2014 Selected Financial Data
Q2 2014 Selected Financial Data Three Months Ended June 30, 2014 2013 Homebuilding Home Sale Revenues ($ millions) $1,246 $1,220 Homebuilding Pretax Income ($ millions) $59 $22 Backlog (Units) 8,179 8,558 Backlog (Dollar Value in millions) $2,770 $2,714 Financial Services Pretax Income ($ millions)
Slide 9: Q2 2014 Balance Sheet Data
Q2 2014 Balance Sheet Data June 30, December 31, ($ millions) 2014 2013 Cash and Equivalents $1,273 $1,653 (including restricted cash) House and Land Inventory $4,197 $3,979 Senior Notes $1,816 $2,058 Shareholders’ Equity $4,638 $4,649 Debt – to – Capitalization 28% 31% 8
Slide 10: BPutteroup
BPutteroup