Century Communities, Inc. · NYSE:CCS
Century Communities — Investor Presentation (November 2017)
15 slides from Century Communities's investor presentation, Nov 8, 2017
Slide 1: Investor Presentation | November 2017 Update
Investor Presentation | November 2017 Update A Strategy of Dynamic growth Exhibit 99.1
Slide 2: Forward-looking statements
Certain statements in this Investor Presentation may be regarded as "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Certain forward-looking statements discuss the Company’s plans, strategies and intentions, and may be identified by
Slide 3: Premier National Builder of Quality Homes
Ranked #1 fastest growing company by Fortune based on annual revenue growth 14 consecutive years of profitability, since founding in 2002 Attractive land positions in 107 open communities Pro forma, giving effect to the UCP Merger as of September 30, 2017 PREMIER NATIONAL BUILDER OF QUALITY HOMES 31
Slide 4: Executive Management Team
Executive Management team Seasoned and aligned DALE FRANCESCON CHAIRMAN AND CO-CHIEF EXECUTIVE OFFICER Co-Founder of CCS Co-Largest Shareholder 25+ years of homebuilding ROBERT FRANCESCON PRESIDENT AND CO-CHIEF EXECUTIVE OFFICER Co-Founder of CCS Co-Largest Shareholder 25+ years of homebuilding DAVI
Slide 5: Key Investment Highlights
Key investment Highlights Strong Financial Performance Growth Oriented Business Model Diverse and Scalable Operating Strategy Attractive Returns on Premium Assets Strong National Geographical Footprint Attractive and Well-Located Land Positions
Slide 6: Consistent Record of Profitable Growth
Consistent Record OF Profitable growth Expanded Revenue, Deliveries, Backlog and Adjusted EBITDA(1) over 10x from 2012-2016 See Adjusted EBITDA Reconciliation on page 15 of this Investor Presentation. Pro forma, giving effect to the UCP Merger as of September 30, 2017
Slide 7: History of Attractive Returns on Premium Assets
Established operation producing strong homebuilding growth, margins and returns on equity in excess of peers Note: Values for ‘Small Cap Builders’ and ‘Mid Cap Builders’ represent average values for each group. ‘Small Cap Builders’ include AVHI, BZH, LGIH, NWHM and WLH. ‘Mid Cap Builders’ include KB
Slide 8: Growth Oriented Business Model
Growth oriented business model Demonstrated long term track record of profitability through multiple housing cycles 2013 Operating Highlights Net New Home Orders: 406 Deliveries: 448 ASP: $382k Revenues: $171.1m Net Income: $12.4m Inventories: $184.1m Owned/Controlled Lots: 8,341 2014 Operating High
Slide 9: Merger with UCP and Rationale
merger with ucp AND RATIONALE Transaction Overview Transaction Rationale On August 4, 2017, Century and UCP, Inc. (NYSE: UCP) closed the previously announced strategic business combination Purchase price comprised of 0.2309 of a share of CCS stock and $5.32 of cash for each share of UCP Total value
Slide 10: Diverse and Scalable Operating Strategy
Diverse & Growing Economies Focus on metros with robust economic, job, and population growth Markets characterized by strong demand, constrained supply, and healthy projected price appreciation Broadly Targeted Customers First time homebuyer, first and second move-up, lifestyle buyer Multiple price
Slide 11: Ample Supply of Land and Well-Located Lots
Strong Lot Inventory With Land Sourcing And Evaluation Capabilities Represents total lots owned and controlled as of September 30, 2017 divided by the midpoint of closing guidance reaffirmed on November 2, 2017 Cycle-tested land acquisition strategy based on contribution to overall profitability Loc
Slide 12: Growing Backlog Positions Company to Continue Profitable Expansion
Growing Backlog Positions Company to CONTINUE profitable expansion 1,664 homes in backlog with a total dollar value of $689.3 million Increased backlog dollar value 81% since September 30, 2016 Increased backlog number of homes 68% since September 30, 2016 Rapidly growing backlog reflects continued
Slide 13: Strong Balance Sheet with Capacity to Execute Growth Strategy
Strong balance sheet with Capacity to Execute Growth Strategy $385.0 million senior unsecured notes 6.875% coupon Matures May, 2022 $400.0 million senior unsecured notes 5.875% coupon Matures July, 2025 Moody’s and S&P ratings of B3 / B, respectively (2) $400 million unsecured revolver, matures Octo
Slide 14: Historical Financial Performance
Historical Financial Performance
Slide 15: Historical Financials
Historical Financials Purchase price accounting for acquired work in process inventory.
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