Genesis Land Development Corp. · TSX:GDC
Genesis Land Development — Q3 2021 Earnings Presentation
26 slides from Genesis Land Development's earnings presentation, Sep 30, 2021
Slide 1: Corporate Update
CORPORATE UPDATE SEPTEMBER 30, 2021 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 its 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 E G R AT E D D E V E L O P M E N T C O M PAN I E S • 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, en
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 ownership • 20 years of consecutive profits • Conservative balanc
Slide 6: Genesis At-a-Glance
GENESIS AT-A-GLANCE $210M 30 15+ 10,000 in real YEARS YEARS FAMILIES + estate assets of land development of home building Over 1,300 acres experience (1991) experience (2005) developed in 9 residential communities 1,425 $8M 20 $67M ACRES net cash YEARS OF returned to land holdings $29M cash consecut
Slide 7: Strategy & Business Plan
STRATEGY & Annual AT- A - G L A N C E O V E RV I E W Dividends LOT AND DIVIDENDS ACQUISITION HOME BUSINESS SALES PLAN H I G H LY F O C U S E D APPROACH Genesis’ strategy is carefully and thoughtfully Repay Finance designed to maximize shareholder value while leveraging opportunities for future growt
Slide 8: Management Team
MANAGEMENT TEAM BOARD OF DIRECTORS Stephen J. Griggs Chair Steven Glover Lead Director Mark W. Mitchell 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 real
Slide 9: Focused on the Calgary Metropolitan Area (CMA)
FOCUSED ON THE CALGARY METROPOLITAN AREA (CMA) G E N E S I S AD VAN TAG E : • 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 111 1,112 14 Bayside, Bayview CALGARY NW 6 - 8 Sage Meadows CALGARY NW 66 183 26 Sage Hill Crest CALGARY N - 892 7 Lewiston CALGARY NE Saddlestone 49 - - Belvedere - 1,200 - CALGARY SE - 1,190 16 Logan Landing ROCKYVIEW COUNTY
Slide 11: GBG Active in Many Communities
GBG ACTIVE IN MANY COMMUNITIES Genesis Communities Airdrie Bayside Canals – Newport Bayview Calgary Sage Meadows Sage Hill Crest Saddlestone Third-Party Communities Calgary Homestead Alpine Park Vermilion Hill Silverton Cochrane Fireside D R E A M . D E S I G N . B U I L D 11
Slide 12: Strong Operating Results
18 160 STRONG Millions Millions 16 140 14 120 OPERATING 12 10 100 RESULTS 8 6 80 60 4 40 • 20 consecutive years of positive net earnings 2 20 • 2016 - 2020 cumulative results: - - 2016 2017 2018 2019 2020 - Total revenues of over $520M Net Earnings Consolidated Revenues - $162M in cash flows from op
Slide 13: Recent Acquisitions
RECENT ACQUISITIONS 2 0 1 4 – L O G AN L AN D I N G • Acquired 355-acre parcel in SE Calgary 2 0 1 9 – L E W I S TO N AN D PAR T N E R S H I P I N T E R E S TS • Acquired 130-acre parcel in North Calgary • Homestead - 5% interest and lot purchase rights • Vermilion Hill – 8% Interest and lot purchas
Slide 14: Highlights September 2021
9 MONTHS 9 MONTHS ($000’S) ENDED SEPT. 30, ENDED SEPT. 30, 2021 2020 TOTAL REVENUES 83,230 84,116 CASH FLOWS FROM OPERATING 8,714 25,125 ACTIVITIES (UNITS) RESIDENTIAL LOT SALES 198 195 HIGHLIGHTS HOME SALES 140 135 SEPTEMBER 2021 NEW HOME ORDERS 168 138 OUTSTANDING NEW HOME ORDERS 111 57 • Total As
Slide 15: Positioned to Thrive
POSITIONED TO THRIVE B U I L D I NG O N O U R S U C C E S S E S 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: Core Land Holdings
APPENDIX C O R E L AN D H O L D I N G S D R E A M . D E S I G N . B U I L D 16
Slide 17: Core Land Holdings
TARGETED UNDEVELOPED DEVELOPMENT COMMUNITY ACRES TIMEFRAME AIRDRIE BAYSIDE 70 1997 - 2028 BAYVIEW 116 1997 - 2029 186 CALGARY SADDLESTONE - 2011 - 2022 CORE LAND SAGE MEADOWS - 2010 – 2022 HOLDINGS SAGE HILL CREST LEWISTON 31 134 2021 – 2026 2021 – 2030 SEPTEMBER 30, 2021 BELVEDERE 157 2022 – 2031 G
Slide 18: Bayside & Bayview Airdrie
CORE LAND HOLDINGS BAYSIDE & BAYVIEW AIRDRIE D E V E L O P M E N T T I M E LI N E • Servicing started in 1997 • 512 acres serviced • 319 acres of raw land sold after annexation • Target completion in 2029 C U R R E N T I N V E N TO RY • 66 single family lots • 45 townhomes • 3 acres of multi-family
Slide 19: Saddlestone NE Calgary
CORE LAND HOLDINGS SADDLESTONE NE CALGARY D E V E L O P M E N T T I M E LI 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 • 44 single family lots • 5 townhomes G E N E S I S L A N D . C O M 19
Slide 20: Belvedere NE Calgary
CORE LAND HOLDINGS BELVEDERE NE CALGARY D E V E L O P M E N T T I M E LI 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 D . C O
Slide 21: Lewiston N Calgary
CORE LAND HOLDINGS LEWISTON N CALGARY D E V E L O P M E N T T I M E LI 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 22: Sage Meadows NW Calgary
CORE LAND HOLDINGS SAGE MEADOWS NW CALGARY D E V E L O P M E N T T I M E LI 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 • 6 single family lots • 8 acres of multi-family land G E N E S I S L A
Slide 23: Sage Hill Crest NW Calgary
CORE LAND HOLDINGS SAGE HILL CREST NW CALGARY D E V E L O P M E N T T I M E LI N E • 100 acres developed and 50 acres sold • 20 acres to be serviced in 2021 • Target completion in 2026 C U R R E N T I N V E N TO RY • 11 acres of serviced commercial sites • 4 acre multi-family site • 31 acres of futu
Slide 24: Logan Landing SE Calgary
CORE LAND HOLDINGS LOGAN LANDING SE CALGARY D E V E L O P M E N T T I M E LI N E • Acquired in 2014 • Target start year for servicing of 2024 • 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 and estimated 1,190 homes and 16 acres of multi-famil
Slide 25: OMNI Rocky View County
CORE LAND HOLDINGS OMNI ROCKY VIEW COUNTY DEVELOPMENT TIMELINE • Target start year for servicing: N/A • Target completion: N/A C U R R E N T I N V E N TO RY • 185 acres future commercial site • 425 acres of future development land • Genesis owns 51.2% undivided interest in the land and manages the d
Slide 26: 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 26
Genesis Land Development — Q3 2021 Earnings Presentation on 6ix