Slide 1: Corporate Update March 31, 2022
CORPORATE UPDATE MARCH 31, 2022 GENESIS LAND DEVELOPMENT CORP.
Slide 2: Advisories: Forward-Looking Statements
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, these
Slide 3: A proven record of acquiring raw land in the Calgary area
A proven record of acquiring raw land in the Calgary area and, utilizing an integrated value added land development and home building approach, transforming it into inspired communities that enrich lives. D R E A M . D E S I G N . B U I L D 3
Slide 4: Genesis Delivers
GENESIS DELIVERS ONE OF WESTERN CANADA’S P R E E M I N E N T I N T EG R AT E D D E V E LO P M E N T CO M PA N I ES • Genesis Land Development Corp. (TSX: GDC) has been developing lands and building homes in the Calgary Metropolitan Area (CMA) since 1991 • Significant portfolio of well-located, entit
Slide 5: A Strong Foundation to Build On
A STRONG FOUNDATION TO BUILD ON • Proven record of adding value and developing raw land into thriving communities • Focus on Calgary region and integrated land and building enables us to be close to market • Public company with strong supportive shareholders • 21 years of consecutive profits • Conse
Slide 6: Genesis At-A-Glance
GENESIS AT-A-GLANCE $256M 30 15+ 10,000 in real YEARS YEARS FAM ILIES + estate assets of land development of home building Over 1,300 acres experience (1991) experience (2005) developed in 9 residential communities 1,516 $8M 21 $67M ACRES net cash YEARS OF returned to land holdings $23M cash consecu
Slide 7: Strategy & Business Plan
Annual Dividends LOT AND ACQUISITION AT - A - G L A N C E OV E RV I E W DIVIDENDS HOME STRATEGY & SALES BUSINESS PLAN H I G H LY F O C U S E D A P P R O A C H Genesis’ strategy is carefully and thoughtfully Repay Finance designed to maximize shareholder value while leveraging opportunities for futur
Slide 8: Executive Team and Board of Directors
EXECUTIVE TEAM BOARD OF DIRECTORS Stephen J . Griggs Chair Steven Glover Lead Director M ark W. M itchell Director IAIN STEWART WAYNE KING ARNIE STEFANIUK PS SIDHU BRIAN WHITWELL President and CEO Chief Financial Officer Vice President, Vice President, Vice President, Loudon Owen Over 30 years of re
Slide 9: Focused on the Calgary Metropolitan Area (CMA)
FOCUSED ON THE CALGARY METROPOLITAN AREA (CMA) G E N E S I S A DVA N TAGE : • Positioned to anticipate local market conditions and develop communities based on consumer needs • First in-the-know about current and upcoming acquisition opportunities - can act quickly on potential land investments • Ex
Slide 10: Land Summary
LAND SUMMARY LAND SERVICED FUTURE PARCELS SF LOTS SF LOTS (ACRES) AIRDRIE 73 1,112 11 Bayside, Bayview CALGARY NW 1 - 8 Sage Meadows CALGARY NW 61 153 26 Sage Hill Crest CALGARY N - 892 7 Lewiston CALGARY NE Saddlestone 16 - - Huxley (Belvedere) - 1,200 - CALGARY SE - 1,587 16 Logan Landing ROCKYVIE
Slide 11: Home Building Division Active in Many Communities
HOME BUILDING DIVISION ACTIVE IN MANY COMMUNITIES Genesis Communities Airdrie Bayside Canals – Newport Bayview Calgary Sage Hill Crest Third-Party Communities Calgary Homestead Alpine Park Vermilion Hill Silverton Chestermere Clearwater Park Cochrane Fireside D R E A M . D E S I G N . B U I L D 11
Slide 12: Strong Operating Results
STRONG OPERATING RESULTS • 21 consecutive years of positive net earnings • 2017 - 2021 cumulative results: - $514M total revenues - $122M in cash flows from operating activities - $34M net earnings • 2021 highlights: - $110M in revenues - $11M in net earnings (after $4.3M reversal of write-down) D R
Slide 13: Recent Acquisitions
RECENT ACQUISITIONS 2 0 1 4 – LO G A N L A N D I N G • Acquired 354-acre parcel in SE Calgary 2 0 1 9 – L E W I STO N A N D PA R T N E RSH I P I N T E R E ST S • Acquired 134-acre parcel in North Calgary • Homestead - 5% interest and lot purchase rights • Vermilion Hill – 8% Interest and lot purchas
Slide 14: Highlights March 2022
($000’S) 3 MONTHS 12 MONTHS ENDED MAR. 31, 2022 ENDED DEC. 31, 2021 TOTAL REVENUES 20,379 109,761 CASH FLOWS (USED IN) FROM (26,442) 2,388 OPERATING ACTIVITIES (UNITS) HIGHLIGHTS RESIDENTIAL LOT SALES 32 247 MARCH 2022 HOME SALES 31 191 NEW HOME ORDERS 175 249 • Total Assets of $311M OUTSTANDING NEW
Slide 15: Positioned to Thrive
POSITIONED TO THRIVE B U I L D I N G O N O U R S U C C E S S ES W I T H : • Proven track record • Well-located core land holdings • Highly experienced management team • An integrated, focused strategy • Strong financial position • Able to adapt to market conditions • New acquisitions D R E A M . D E
Slide 16: Appendix
APPENDIX CORE LAND HOLDINGS D R E A M . D E S I G N . B U I L D 16
Slide 17: Core Land Holdings
TARGETED DEVELOPMENT COMMUNITY UNDEVELOPED ACRES TIMEFRAME AIRDRIE BAYSIDE 70 1997 - 2028 BAYVIEW 116 1997 - 2028 186 CALGARY SADDLESTONE - 2010 - 2022 CORE LAND SAGE MEADOWS SAGE HILL CREST - 31 2010 – 2022 2021 – 2026 HOLDINGS LEWISTON 134 2021 – 2032 MARCH 31, 2022 HUXLEY (BELVEDERE) 157 2023 – 2
Slide 18: Map of Core Land Holdings
MAP OF CORE LAND HOLDINGS MARCH 31, 2022 D R E A M . D E S I G N . B U I L D (1) Owns 51% and manages development 18
Slide 19: Bayside & Bayview Airdrie
CORE LAND HOLDINGS BAYSIDE & BAYVIEW AIRDRIE D E V E LO P M E N T T I M E L I N E • Servicing started in 1997 • 512 acres serviced • 319 acres of raw land sold after annexation • Target completion in 2028 • Currently developing: o Bayview Phases 2 & 4 o Bayside Phases 12 &14 C U R R E N T I N V E N
Slide 20: Saddlestone NE Calgary
CORE LAND HOLDINGS SADDLESTONE NE CALGARY D E V E LO P M E N T T I M E L I N E • 480 acres serviced • Target completion in 2022 • Commenced in 2010 C U R R E N T I N V E N TO RY • 16 single family lots G E N E S I S L A N D . C O M 20
Slide 21: Huxley (Belvedere) NE Calgary
CORE LAND HOLDINGS HUXLEY (BELVEDERE) NE CALGARY D E V E LO P M E N T T I M E L I N E • Acquired in 2021 • Target start date for servicing 2023 • Target completion in 2031 C U R R E N T I N V E N TO RY • 157 acres of undeveloped land • Will deliver 1200 homes when fully developed G E N E S I S L A N
Slide 22: Lewiston N Calgary
CORE LAND HOLDINGS LEWISTON N CALGARY D E V E LO P M E N T T I M E L I N E • Acquired in 2019 • Target start date for servicing 2023 • Target completion in 2030 C U R R E N T I N V E N TO RY • 134 acres of undeveloped land • Will deliver 892 homes when fully developed G E N E S I S L A N D . C O M 2
Slide 23: Sage Meadows NW Calgary
CORE LAND HOLDINGS SAGE MEADOWS NW CALGARY D E V E LO P M E N T T I M E L I N E • Servicing started in 2010 • 374 acres serviced • 252 acres sold after obtaining land use • Target completion in 2022 C U R R E N T I N V E N TO RY • 1 single family lot • 8 acres of multi-family land G E N E S I S L A
Slide 24: Sage Hill Crest NW Calgary
CORE LAND HOLDINGS SAGE HILL CREST NW CALGARY D E V E LO P M E NT T I M E L I NE • Servicing started in 2021 • Target completion in 2026 • Currently developing: o Sage Hill Crest Phases 10 & 11 C U R R E N T I N V E N TO RY • 61 single family lots • 11 acres of serviced commercial sites • 4 acre mul
Slide 25: Logan Landing SE Calgary
CORE LAND HOLDINGS LOGAN LANDING SE CALGARY D E V E LO P M E N T T I M E L I N E • Acquired in 2014 • Target start year for servicing of 2023 • Target completion in 2035 C U R R E N T I N V E N TO RY • 354 acres of undeveloped land • Will deliver 1,190 homes and 16 acres of multi- family and commerc
Slide 26: OMNI Rocky View County
CORE LAND HOLDINGS OMNI ROCKY VIEW COUNTY D E V E LO P M E N T T I M E L I N E • Target start year for servicing: 2025 • Target completion: 2040 C U R R E N T I N V E N TO R Y • 185 acres future commercial site • Genesis owns 51.2% undivided interest in the land and manages the development of the pr
Slide 27: The 425 Rocky View County
CORE LAND HOLDINGS THE 425 ROCKY VIEW COUNTY C U R R E N T I N V E N TO R Y • 425 acres of future development land (currently seeking approval) • Genesis owns 51.2% undivided interest in the land and manages the development of the project G E N E S I S L A N D . C O M 27
Slide 28: Contact Information
CONTACT INFORMATION GENESIS LAND D E V E L O P M E N T C O R P. IAIN STEWART, CPA, CA President and Chief Executive Officer WAYNE KING, CPA, CA Chief Financial Officer 403-265-8079 / / 1-800-341-7211 genesis@genesisland.com / / www.genesisland.com 6240, 333 – 96 Avenue NE Calgary, AB T2E 8A2 28