Genesis Land Development Corp. · TSX:GDC
Genesis Land Development — Corporate Update (June 2024)
34 slides from Genesis Land Development's corporate update, Jun 6, 2024
Slide 1: Corporate Update
Corporate Update JUNE 6, 2024
Slide 2: Forward-looking statements
Forward-looking statements
Slide 3: Bayview Community
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. 2 GENESIS | CORPORREPRD Ae:
Slide 4: Community
i ALVvddn ALV4OddOSISISANID == To dream. To design. To build To create Community.
Slide 5: Logan Landing Community
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Slide 6: One of Western Canada's preeminent integrated development companies
One of Western Canada’s preeminent integrated development companies Genesis Land Development Corp. (TSX: GDC) has been developing lands and building homes in the Calgary Metropolitan Area (CMA) since 1991 Significant portfolio of wel-located, entitled and unentitled residential, commercial and mixed
Slide 7: A Strong Foundation
A STRONG FOUNDATION = Proven record of developing raw land into thriving communities = Focus on Calgary region = Public company with strong supportive shareholders " 23 years of consecutive profits = Conservative balance sheet and ready access to financing " Building partnerships w E <z a a =) w Ee
Slide 8: Years, acres, families key facts
YEARS YEARS FAMILIES • ACRES YEARS
Slide 9: Land Summary
LAND SUMMARY | City of LAND Airdrie SERVICED FUTURE PARCELS UNDEVELOPEQ SF LOTS SFLOTS (ACRES) | ACREAGE mn chiaiey nculaony AIRDRIE — t | _ Bayside, Bayview sont ICALGARY NW J Foe nacw ol Sage Meadows a Sage Hill Crest en ICALGARY N ranean) Lewiston E CALGARY ICALGARY NE City of Huxley (Belvedere)
Slide 10: Home Building Division
HOME BUILDING DIVISION ACTIVEINA3 COMMUNITIES =.) | Genesis Communities AIRDRIE 4. Bayside 2. Bayview CALGARY 3. Sage Hill Crest 4. Lewiston 5. Huxley 6. Logan Landing Cochrane eatoary 7 . ‘omnwazs Third-Party Communities re all necacany CALGARY i = 7.Homestead 4 8. Alpine Park ; r crestenwene City
Slide 11: Sage Hill Crest Community
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Slide 12: Strategy & Business Plan
STRATEGY & BUSINESS PLAN Simple business model — highly focused approach Genesis’ strategy is carefully and thoughtfully designed to maximize shareholder value while leveraging opportunities for future growth. DIVIDENDS Dividends LOT AND HOME SALES DEVELOPMENT APPROVALS PROPERTY DEVELOP LAND DEVELOP
Slide 13: Premier assets with focus in the Calgary Metropolitan Area
Premier assets with focus in the Calgary Metropolitan Area Homebuilding focus on quality production homes Market knowledge and awareness First in-the-know about acquisition opportunities Experienced in navigating the complex approval process SAGE we MEADOWS GENESIS |
Slide 14: Highest population growth rate among Canada's largest cities
Highest population growth rate among Canada’s largest cities Affordability advantage Strong labor and employment Ideal location (proximity to the mountains) GENESIS |
Slide 15: Land
Land Acquire well positioned land = Strict adherence to predetermined acquisition parameters = Preferably with Area Structure Plan in place Finalize approvals Bring in builder partners Develop, sell — realize cash = Partner of choice for contractors/consultants Reinvest cash surfaced from operations
Slide 16: Housing
Housing Participate in all Genesis communities Participate in third party communities Continue to increase volumes Focus — production builder in CMA Partner of choice for trades/suppliers SILVERTON GENESIS |
Slide 17: Land acquisitions
Acquired 134-acre parcel in North Calgary Homestead — 5% interest and lot purchase rights Vermilion Hill — 8% interest and lot purchase rights Acquired 161-acre parcel in NE Calgary Acquired 160-acre parcel in SE Calgary Acquired 49% interest in 425 acres in North Conrich — bringing ownership to 100
Slide 18: Executive Team
EXECUTIVE TEAM IAIN STEWART President and CEO BRENDAN MCCASHIN Vice President, Land Development PS SIDHU Sr. Vice President, Home Building >‘ ARNIE STEFANIUK Vice President, Regional Planning BRIAN WHITWELL Sr. Vice President, Asset Management WAYNE KING Sr. Vice President, Information Systems & Spe
Slide 19: Bayview Community
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Slide 20: Highlights March 31, 2024
HIGHLIGHTS March 31, 2024 " Total Assets - $438M " Real Estate Assets - $338M " Net Debt - $59M THREE MONTHS THREE MONTHS ($0008) Mar 31 2024 aR 31 2023 TOTAL REVENUES 68,305 37,349 EARNINGS 6,950 160 (UNITS) RESIDENTIAL LOT SALES 123 62 HOME SALES 85 60 NEW HOME ORDERS 13 24 OUTSTANDING NEW HOME OR
Slide 21: Building On Our Success
Building On Our Success • • • • • • •
Slide 22: Core Land Holdings
Core Land Holdings Lewiston Community
Slide 23: Core Land Holdings
CORE LAND HOLDINGS Dune 6, 2024 Genesis is well-positioned to build on its successes with an extensive portfolio of core land holdings to be developed in the CMA. TARGETED UNDEVELOPED DEVELOPMENT COMMUNITY ACRES TIMEFRAME AIRDRIE BAYSIDE 28 1997 - 2029 BAYVIEW 45 1997 - 2029 73 CALGARY LEWISTON 134
Slide 24: Map of Core Land Holdings
Ne) MAP OF CORE —_ LAND HOLDINGS ae... Pune 6, 2024 " GENESIS | CORPORATE UPDATE iN) =
Slide 25: Bayside & Bayview, Airdrie
BAYSIDE & BAYVIEW Airdrie DEVELOPMENT TIMELINE = Servicing started in 1997 = 647 acres serviced (including Canals) = Target completion in 2029 = Plan to develop: * Bayview Phase 3 CURRENT INVENTORY = 298 single family lots = 16 townhomes = 1 multi-family site (3.4 acres) = 73 acres of undeveloped la
Slide 26: Huxley (Belvedere), NE Calgary
| | CI HUXLEY (BELVEDERE) ME Cape = a 1 f ) DEVELOPMENT TIMELINE | [ = Acquired in 2021 = Servicing commenced in 2023 j [=| | = Target completion in 2035 De CURRENT INVENTORY : = 161 acres of undeveloped land iL) — | J = Will deliver 1,368 homes when fully =) CI CI = developed = — - ae l WAL DURG| G
Slide 27: Lewiston, N Calgary
LEWISTON Calgary DEVELOPMENT TIMELINE = Acquired in 2021 = Servicing commenced in 2020 = Target completion in 2031 CURRENT INVENTORY = 134 acres of undeveloped land = Will deliver 952 homes and 7 acres of multi-family and commercial parcels when ‘| fully developed GENESIS | CORPORATE UPDATE N ~~
Slide 28: Logan Landing, SE Calgary
LOGAN LANDING 9& Calgary DEVELOPMENT TIMELINE = Acquired in 2014 = Servicing commenced in 2023 " Target completion in 2034 CURRENT INVENTORY = 354 acres of undeveloped land = Will deliver 1,606 homes and 10 acres of multi-family and commercial parcels when completed GENESIS | CORPORATE UPDATE yp co
Slide 29: Sage Hill Crest, NW Calgary
SAGE HILL CREST Mi Calgary DEVELOPMENT TIMELINE = Servicing commenced in 2020 = Target completion in 2025 CURRENT INVENTORY = 26 single family lots = 7 acres of serviced commercial site GENESIS | CORPORATE UPDATE 29
Slide 30: Hotchkiss, SE Calgary
HOTCHKISS SE Calgary DEVELOPMENT TIMELINE = Acquisition to be closed in 2025 = Target start year for servicing of 2027 = Target completion in 2037 CURRENT INVENTORY = 159 acres of undeveloped land = Will deliver 849 homes and 8 acres of multi-family and commercial parcels when completed 104 Steet SE
Slide 31: SE Calgary Land Holdings
SE Calgary ▪ ▪ ▪ ▪ SE Calgary Land Holdings ▪ ▪
Slide 32: OMNI, Rocky View County
OMNI Rocky View County is INT LEISURE EBRATION | = DEVELOPMENT TIMELINE = Target start year for servicing: 2025 = Target completion: N/A CURRENT INVENTORY = 185 acres future commercial site = Effective February 2023, Genesis owns a 73% undivided interest in the land ae SS Ses a ONE DESTINATION FOR A
Slide 33: The 425, Rocky View County
THE 425 Rocky View County CURRENT INVENTORY = 425 acres of future development land (currently seeking land use approvals) = Genesis owns 100% of the property # EF GENESIS | CORPORATE UPDATE i) [)
Slide 34: Contact Information
oe CONTACT INFORMAT IAIN STEWART, CPA, CA if President and Chief Executive Officer 0 ‘= ROBiS! IN, CPA; CA Pz Chief Financia Officer ae rs 6240, 333 - 96 Avenue NE // Calgary, i 0 b> N aN | & , GENESIS |
Genesis Land Development — Corporate Update (June 2024) on 6ix