Genesis Land Development Corp. · TSX:GDC
Genesis Land Development — FY2024 Earnings Presentation
33 slides from Genesis Land Development's earnings presentation, 2025
Slide 1: Corporate Update December 31, 2024
Corporate Update DECEMBER 31,2024
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 CORPORBEPURDA pe:
Slide 4: To dream. To design. To build. To create Community.
Ne To dream. To design. To build. To create Community. GENESIS + GENESIS! CORPORATE UPDATE
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 = Conservative balance sheet and ready access to financing = Success through partnerships w 4 <q a a =) w iw < 4 fe) a « fe) oO a n i Zz
Slide 8: Years, acres, families key facts
YEARS YEARS FAMILIES ACRES YEARS
Slide 9: Land Summary
LAND SUMMARY AIRDRIE Bayside, Bayview ICALGARY N Lewiston ICALGARY NE ICALGARY SE() Logan Landing Hazel (Hotchkiss) SE Calgary Land Holdings ROCKYVIEW COUNTY OMNI/425 SERVICED SF LOTS FUTURE SF LOTS LAND PARCELS UNDEVELOPED) (ACRES) ACREAGE | 4 ¥ = co GENESIS | CORPORATE UPDATE
Slide 10: Home Building Division
HOME BUILDING DIVISION ACTIVE IN 12 COMMUNITIES a & Hl yl . [ROCKY VIEW COUNTY Genesis Communities Third-Party Communities [eos _ ,; 1. Bayside 5. Homestead coer enc Me i un 2. Bayview 6. Alpine Park se =z “CALGARY, 7. Vermilion Hill ay " wd . Lew 8. Silverton 4. Logan Landing 9. Heartwood | — q ; R
Slide 11: Sage Hill Crest Community
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Slide 12: Strategy & Business Plan
STRATEGY & BUSINESS PLAN Simple business model — highly focused approach LOT AND DEVELOPMENT HOME SALES EVELOPMEN Genesis’ strategy is DIVIDENDS <—-wiaenes designed to maximize shareholder value & while leveraging y opportunities for € future growth. PROPERTY FINANCING —————>| __ DEVELOP LAND DEVELO
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: Epicenter of Canada's Energy industry
Epicenter of Canada’s Energy industry 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 Focus as a quality production builder in the CMA Participate in all Genesis communities Participate in third party communities Continue to increase volumes Partner of choice for trades/suppliers SILVERTON GENESIS |
Slide 17: Recent 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 and Board of Directors
EXECUTIVE TEAM IAIN STEWART PS SIDHU BRIAN WHITWELL ROB SEKHON CEO President & Chief Investment Officer Chief Financial Officer Chief Operating Officer TRAVIS MCARTHUR BRENDAN MCCASHIN MIKE DEBOER VIRAT REDDY Sr. Vice President & Sr. Vice President, Vice President, Vice President, General Counsel La
Slide 19: Bayview Community
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Slide 20: Highlights December 31, 2024
HIGHLIGHTS December 31, 2024 = Total Assets - $578M " Real Estate Assets - $471M = Net Debt - $112M = Net Book Value per Share’ - $4.69 ($000’S) YEAR ENDED YEAR ENDED DEC. 31, 2024 DEC. 31, 2023 TOTAL REVENUES 361,061 203,312 EARNINGS? 39,597 14,512 (UNITS) RESIDENTIAL LOT SALES 726 305 HOME SALES 4
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 December 21, 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 338 1997 - 2029 66 CALGARY LEWISTO
Slide 24: Map of Core Land Holdings
Ne MAP OF CORE LAND HOLDINGS December 31, 2024 GENESIS | CORPORATE UPDATE iN) =
Slide 25: Bayside & Bayview, Airdrie
BAYSIDE & BAYVIEW Airdrie DEVELOPMENT TIMELINE = Servicing started in 1997 = 654 acres serviced (including Canals) = Target completion in 2029 = Currently developing: * Bayside Phase 15 CURRENT INVENTORY = 328 single family lots = 1 townhome = 1 multi-family site (3.4 acres) = 66 acres of undevelope
Slide 26: Lewiston
LEWISTON Calgary DEVELOPMENT TIMELINE = Acquired in 2021 = Servicing commenced in 2020 = 38 acres serviced = Target completion in 2031 = Currently developing: = Lewiston Phase 2 CURRENT INVENTORY = 96 acres of undeveloped land = Will deliver 635 homes and 7 acres of multi-family and commercial parce
Slide 27: Huxley (Belvedere)
HUXLEY (BELVEDERE) TE Calgary DEVELOPMENT TIMELINE = Acquired in 2021 = Servicing commenced in 2023 = Target completion in 2036 = Currently developing: ¢ Huxley Phase 1 CURRENT INVENTORY = 161 acres of undeveloped land = Will deliver 1,378 homes when fully developed Tle GENESIS | CORPORATE UPDATE N
Slide 28: Logan Landing
LOGAN LANDING 9& Calgary DEVELOPMENT TIMELINE = Acquired in 2014 = Servicing commenced in 2023 = 27 acres serviced = Target completion in 2034 = Currently developing: * Logan Landing Phase 2 CURRENT INVENTORY = 327 acres of undeveloped land = Will deliver 1,340 homes and 10 acres of multi-family and
Slide 29: Hazel (Hotchkiss)
HAZEL (HOTCHKISS) 5& Calgary DEVELOPMENT TIMELINE = Acquired in 2024 = Target start year for servicing of 2025 = Target completion in 2036 CURRENT INVENTORY = 160 acres of undeveloped land = Will deliver 1,184 homes and 3 acres of multi-family when completed 9 GENESIS | CORPORATE UPDATE nN o
Slide 30: SE Calgary Land Holding
SE Calgary ▪ ▪ ▪ ▪ SE Calgary Land Holding ▪ ▪
Slide 31: OMNI
OMNI Rocky View County is INT LEISURE EBRATION | = DEVELOPMENT TIMELINE = Target start year for servicing: 2026 = 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 32: The 425
THE 425 Rocky View County CURRENT INVENTORY = 425 acres of future development land (currently seeking land use approvals) = Genesis owns 100% of the property 5 | | o \ Bx! GENESIS | CORPORATE UPDATE oo ee i) i
Slide 33: Contact Information
oe CONTACT INFORMATIO IAIN STEWART, CPA, CA if Chief Executive Officer ROBiS! IN, CPA; CA Pz Chief Financia Officer rx ... a Brrr, .genesistand oa ia f rs 6240, 333-96 Avenue NE // Calgary, A 1 Fen fm: Bayside Community bl GENESIS |
Genesis Land Development — FY2024 Earnings Presentation on 6ix