Slide 1: Investor Presentation Third Quarter 2024
INVESTOR PRESENTATION Third Quarter 2024
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Forward-Looking Statements This presentation includes statements concerning our expectations, beliefs, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are not historical facts. These statements are “forward-
Slide 3: Recent Financial Results
RECENT FINANCIAL RESULTS Third Quarter 2024 Year-to-Date 2024 ► Home Closings: 1,757, +0.3% ► Home Closings: 4,495, (9.6%) ► Home Sales Revenue: $651.9 Million, +5.6% ► Home Sales Revenue: $1.6 Billion, (6.0%) ► Average Sales Price: $371,004, +5.2% ► Average Sales Price: $366,007, +4.0% ► Ending Act
Slide 4: Historical Operating Results
HISTORICAL OPERATING RESULTS Home Closings (Units) Revenue ($ millions) 10,442 $3,050 9,339 7,690 $2,368 $2,304 $2,359 $2,254 6,512 6,621 6,729 6,253 5,845 $1,838 $1,504 4,163 $1,258 3,404 2,356 $838 $630 $383 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 LTM 2014 2015 2016 2017 2018 2019 2020 2
Slide 5: Historical Margins & Profitability
HISTORICAL MARGINS & PROFITABILITY Gross Margin Percentage (1) (2) Adjusted Gross Margin Percentage (2) (3) 26.8% 26.5% 26.4% 26.8% 28.1% 25.5% 25.3% 25.5% 24.3% 29.2% 23.7% 23.0% 28.2% 27.8% 27.8% 26.9% 27.0% 27.4% 28.2% 26.3% 25.8% 24.7% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 LTM 2014 2
Slide 6: Balance Sheet
BALANCE SHEET INVESTING IN FUTURE COMMUNITY COUNT GROWTH December 31, December 31, December 31, December 31, December 31, September 30, ($ in thousands) 2019 2020 2021 2022 2023 2024 ASSETS Cash and Cash Equivalents $ 38,345 $ 35,942 $ 50,514 $ 31,998 $ 48,978 $ 60,903 Accounts Receivable 56,390 115
Slide 7: Inventory Management
FOCUS ON THE FUTURE INVENTORY MANAGEMENT (1) (1) (1) (2) Total Lot Inventory (Units) Owned Lot Inventory (Units) Owned Real Estate Inventory ($ Value) Owned 78.8% 4.6% 3.7% 13.8% 21.2% 20.0% 68,564 54,029 20.0% $3.4 Billion Total Lots 56.5% Owned Lots 22.3% 66.1% 71.7% Raw or Under Development Owned
Slide 8: Appendix
APPENDIX
Slide 9: Historical Third Quarter Operating Results
HISTORICAL THIRD QUARTER OPERATING RESULTS QUARTERS ENDED SEPTEMBER 30 TH Q3 2014 Q3 2015 Q3 2016 Q3 2017 Q3 2018 Q3 2019 Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Home Closings 557 934 1,052 1,729 1,601 2,003 2,091 2,499 1,547 1,751 1,757 Average Active Communities 33.7 49.3 58.7 76.3 82.0 101.3 109.
Slide 10: Historical Annual Operating Results
HISTORICAL ANNUAL OPERATING RESULTS FISCAL YEARS ENDED DECEMBER 31 ST & LAST TWELVE MONTHS ENDED SEPTEMBER 30, 2024 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 LTM (1) Home Closings 2,356 3,404 4,163 5,845 6,512 7,690 9,339 10,442 6,621 6,729 6,253 Average Active
Slide 11: Reconciliation of Adjusted Gross Margin (Non-GAAP)
RECONCILIATION OF ADJUSTED GROSS MARGIN (NON-GAAP) THIRD QUARTERS ENDED SEPTEMBER 30 TH ($ in thousands) Q3 2014 Q3 2015 Q3 2016 Q3 2017 Q3 2018 Q3 2019 Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Home Sales Revenues $92,516 $173,956 $216,304 $365,896 $380,369 $483,081 $534,202 $751,608 $547,074 $617,53
Slide 12: Reconciliation of Adjusted Gross Margin (Non-GAAP)
RECONCILIATION OF ADJUSTED GROSS MARGIN (NON-GAAP) FISCAL YEARS ENDED DECEMBER 31 ST & LAST TWELVE MONTHS ENDED SEPTEMBER 30, 2024 (1) ($ in thousands) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 LTM Home Sales Revenues $383,268 $630,236 $838,320 $1,257,960 $1,504
Slide 13: LGI Homes, Inc. Investor Relations
LGI Homes, Inc. Investor Relations 1450 Lake Robbins Drive, Suite 430 The Woodlands, TX 77380 (281) 210-2586 investorrelations@lgihomes.com