Pultegroup, Inc. · NYSE:PHM
Pultegroup — Q1 2015 Earnings Presentation
10 slides from Pultegroup's earnings presentation, Apr 23, 2015
Slide 1: PulteGroup, Inc. Summary of Financial Results First Quarter 2015
PulteGroup, Inc. Summary of Financial Results First 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 Q1 2015 Financial Results
Review of Q1 2015 Financial Results 3
Slide 5: Q1 2015 Highlights
Q1 2015 Highlights Home sale revenues of $1.1 billion Revenues driven by a 2% increase in Closings by Brand average selling price to $323,000, partially offset by a 2% decrease in closings to 3,365 homes Centex ASP up 2% to $208,000; Pulte and Del Webb ASP’s up less than 1% to 30% 25% $387,000
Slide 6: Q1 2015 Highlights
Q1 2015 Highlights Signups increased 6% to 5,139 LOTS UNDER CONTROL 150,000 homes, valued at $1.7 billion Owned Optioned Community count up 5% over prior year to 613 120,000 Backlog value up 6% to $2.6 billion; unit backlog gains 6% to 90,000 7,624 homes Q1 investment of $484 million 60,000
Slide 7: Allocation of Capital Consistent with Value Creation Priorities
Allocation of Capital Consistent with Value Creation Priorities Repurchased 4.6 million Total Debt-to-Capital shares in the quarter for $99.6 million, or $21.75 per share Quarter-end cash of $1.1 billion Quarter end debt-to-capital of 28% 6
Slide 8: Q1 2015 Selected Financial Data
Q1 2015 Selected Financial Data Three Months Ended March 31, 2015 2014 Homebuilding Home Sale Revenues ($ millions) $1,088 $1,088 Homebuilding Pretax Income ($ millions) $91 $108 Backlog (Units) 7,624 7,199 Backlog (Dollar Value in millions) $2,564 $2,422 Financial Services Pretax Income ($ millions
Slide 9: Q1 2015 Balance Sheet Data
Q1 2015 Balance Sheet Data March 31, 2015 December 31, 2014 ($ millions) Cash and Equivalents $1,068 $1,309 (including restricted cash) House and Land Inventory $4,633 $4,392 Senior Notes $1,820 $1,819 Shareholders’ Equity $4,742 $4,805 Debt – to – Capitalization 28% 27% 8
Slide 10: BPutteroup
BPutteroup