Pultegroup, Inc. · NYSE:PHM
Pultegroup — Q3 2016 Earnings Presentation
11 slides from Pultegroup's earnings presentation, Oct 20, 2016
Slide 1: Third Quarter 2016 Earnings
The Aldredge | Atlanta, GA Third Quarter 2016 Earnings
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 Ryan Bob Jim Jim Marshall O’Shaughnessy Ossowski Zeumer President and Executive Vice President, Vice President, CEO Vice President Finance and Investor and CFO Controller Relations 2
Slide 4: Review of Q3 2016 Results
Onyx | San Jose, CA Review of Q3 2016 Results 3
Slide 5: Highlights
Q3 2016 Highlights EPS of $0.37, inclusive of $0.06 per share Quarterly Closings 5,500 of charges for a land contract settlement, 2015 2016 actions to reduce overhead expenses, 5,000 and costs relating to shareholder activities 4,500 Prior year EPS of $0.30 included charges of $0.03 per share fr
Slide 6: Highlights: Net New Orders and Backlog
Q3 2016 Highlights Q3 Backlog Value Dollar value of net new $4 ($ billions) orders increased 25% to $3 $1.8 billion $2 Net new orders increased $1 17% to 4,775 homes $0 Q3 2015 Q3 2016 Backlog value of $3.7 billion up 20% over prior year Quarterly Signups 7,000 2015 2016 Unit backlog up 8% t
Slide 7: Land Pipeline Supports Business Growth
Land Pipeline Supports Business Growth Increased investment beginning Lots Owned in 2013 enabling growth in 2016 120,000 9 Lots Years Owned 5.2 years of supply based on TTM 8 100,000 closings 7 Additional 43,000 lots controlled 80,000 6 via options 5 Q3 2016 investment of $266 60,000 4 milli
Slide 8: Consistent Return of Excess Capital to Shareholders
Consistent Return of Excess Capital to Shareholders Share Repurchase ($ millions) $300 Repurchased 12 million $250 $200 shares in Q3 for $250 $150 million, or $20.77 per share $100 $50 Issued $1.0 billion of bonds $0 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 i
Slide 9: Selected Financial Data
Q3 2016 Selected Financial Data Three Months Ended September 30, 2016 2015 Change Home Sale Revenues ($ millions) $1,882 1,464 29% Homebuilding Pretax Income ($ millions) (1) $191 $165 16% Backlog (Units) 9,417 8,734 8% Backlog (Dollar Value in millions) $3,699 $3,089 20% Financial Services Pretax I
Slide 10: Selected Balance Sheet Data
Q3 2016 Selected Balance Sheet Data September 30, 2016 December 31, 2015 ($ millions) Cash and Equivalents $461 $775 (including restricted cash) House and Land Inventory $6,950 $5,450 Debt $3,110 $2,075 Shareholders’ Equity $4,672 $4,759 Debt – to – Capitalization 40% 30% 9
Slide 11: Third Quarter 2016 Earnings
Sonoma Isles | Jupiter, FL Third Quarter 2016 Earnings 10