Pultegroup, Inc. · NYSE:PHM
Pultegroup — Q2 2015 Earnings Presentation
10 slides from Pultegroup's earnings presentation, Jul 23, 2015
Slide 1: PulteGroup, Inc. Summary of Financial Results Second Quarter 2015
PulteGroup, Inc. Summary of Financial Results Second Quarter 2015
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 2015 Financial Results
Review of Q2 2015 Financial Results 3
Slide 5: Q2 2015 Business Highlights
Q2 2015 Business Highlights Signup value increased 11% to LOTS UNDER CONTROL $1.8 billion; unit signups increased 7% to 5,118 homes Backlog of 8,998 homes valued at $3.1 billion representing the highest levels since 2007 Q2 land investment of $444 million brings 2015 YTD land spend of $928 m
Slide 6: Q2 2015 Business Highlights
Q2 2015 Business Highlights Home sale revenues of $1.2 billion Revenues driven by a 1% increase in Closings by Brand average selling price to $332,000, partially offset by a 1% decrease in closings to 3,744 homes Centex ASP up 6% to $214,000; Del Webb 28% ASP up 2% to $332,000; Pulte ASP down
Slide 7: Continue to Demonstrate Disciplined Capital Allocation
Continue to Demonstrate Disciplined Capital Allocation Invested $444 million in land Total Debt-to-Capital development and acquisition Repurchased 10.7 million shares in Q2 for $213 million, or $19.90 per share Retired $238 million of bonds that matured in the quarter Quarter end debt-to-cap
Slide 8: Q2 2015 Selected Financial Data
Q2 2015 Selected Financial Data Three Months Ended June 30, 2015 2014 Homebuilding Home Sale Revenues ($ millions) $1,243 $1,246 Homebuilding Pretax Income ($ millions) $158 $59 Backlog (Units) 8,998 8,179 Backlog (Dollar Value in millions) $3,088 $2,770 Financial Services Pretax Income ($ millions)
Slide 9: Q2 2015 Balance Sheet Data
Q2 2015 Balance Sheet Data June 30, 2015 December 31, 2014 ($ millions) Cash and Equivalents $478 $1,309 (including restricted cash) House and Land Inventory $4,889 $4,392 Senior Notes $1,584 $1,819 Shareholders’ Equity $4,606 $4,805 Debt – to – Capitalization 26% 27% 8
Slide 10: Bputtecroup
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