Pure Cycle Corporation · NASDAQ:PCYO
Pure Cycle — Investor Presentation (March 2021)
16 slides from Pure Cycle's investor presentation, Mar 11, 2021
Slide 1: Projections: Colorado Real Estate
Projections Colorado Real Estate
Slide 2: Safe Harbor Statement
Safe Harbor Statement e not historical facts contained or incorporated by reference in this presentation are “forward-looking statements” ("LS") within the meaning of the Private Securities. Litigation Reform Act of 1995, Section 27A of the es Act of 1933 and Section 21C of the Securities Exchange A
Slide 3: What is BTR?
What is BTR? Build-to-Rent (BTR) is the construction of single family homes with the intent to retain them for long-term rental purposes. Pure Cycle is working with experienced home builders to construct these houses, which Pure Cycle will own and maintain these properties, taking on a new role as p
Slide 4: New Opportunities, New Stakeholder Value
New Opportunities, New Stakeholder Value Single Family Homes in a Great Location + Sky Ranch is one of Denver's most affordable and attractive master planned communities along the I-70 corridor 100+ homes in the first two phases of Sky Ranch + New K-12 Charter School approved (estimated open date 8/
Slide 5: Denver Metro Area Market Watch
RE@COLORQADO" DENVER METRO AREA MARKET WATCH February 2021 HOMES CLOSED beeen my te RE 3,871 vs. 3,378 ee ca ot Rae ‘AVERAGE CLOSED PRICE ‘SINGLE-FAMILY HOMES ® 14% feo 20 $486 751 Feb 21 $553231 ‘AVERAGE: DAYS IN MLS (émd) @ 11% Nps Et @ 14 days co I 4422] UE SRC FERED BY REALTORS | RECLONDRCOM “Ho
Slide 6: Denver Real Estate in the News
NEWSPAPER Denver Real Estate in the News “Denver expected to be among top 5 “Colorado renters doing better than hottest US home markets in 2021, most at paying the monthly bill” according to Zillow" ‘The Denver Post, Jan 19, 2021 Denver Business Journal, Jan 20, 2021 “Staggeringly low housing invent
Slide 7: Population, Location, Amenities, Commutes, Stability
Population Location Amenities Commutes Stability + Denver metro + Single family + New charter + Close to DIA, + Colorado rents population homes with room school approved Gaylord Hotel, have not been continues to to grow Several parks Amazon as affected by grow + Master Planned and open spaces Fulfil
Slide 8: BTR Successes
BTR Successes Currently 16M BTR homes nationwide. Estimated 3M+ added over the last 4 years 94.4% average occupancy rate in 2020 On average, the BTR model produces 100bps higher returns than selling houses oe roe Less than 10% of snd 8% ir new builds are in 2020 BTR ease in BTR home values
Slide 9: The business
Slide 10: 10.
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Slide 11: Execution & Management
Execution & Management Dedication to great customer service including optional offerings such as yard and snow maintenance to aid in offering a turn-key rental . Additional recurring revenues, avg. annual water and wastewater revenue of $1.5K per home, estimated avg. annual rental revenue of $33K pe
Slide 12: Projected Summary Financial Information
“But the financial resi projections are whgre this Projected Summary Financial Information 12.
Slide 13: Projected Summary Financial Information - Per Home
Projected Summary Financial Information - Per Home Average Estimated Average Estimated Rental Revenues Net Cash Flows 13.
Slide 14: Pro Forma
Pro Forma Single house Monthly, Rental income $ 2,800 $ ‘Operations, repairs and maintenance Property Taxes and insurance Interest Expense Cash flow ‘Assumptions: Pro Forma Single house Annualized Annualized Average Estimated Rental Revenue per Home of $33K Annualized Average estimated cash flow per
Slide 15: Per House Estimates
Per House Estimates Capitalized costs Financed costs Fair market value $342K $317K $450K 15 Year Forecast - 100 Homes 15.
Slide 16: Projections: Colorado Real Estate
Projections Colorado Real Estate 16.