Slide 1: Second Quarter 2016 Earnings
The Aldrege | Atlanta, GA Second Quarter 2016 Earnings
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 Ryan Bob Jim Jim Dugas Marshall O’Shaughnessy Ossowski Zeumer Chairman and President Executive Vice President, Vice President, CEO Vice President Finance and Investor Relations and CFO Controller 2
Slide 4: Review of Q2 2016 Results
Onyx | San Jose, CA Review of Q2 2016 Results 3
Slide 5: Q2 2016 Highlights
Q2 2016 Highlights EPS of $0.34, inclusive of $0.03 Closings by Buyer Group per share of land and corporate office relocation charges; prior year EPS of $0.28 included a benefit of $0.05 relating to a legal settlement Q2 home sale revenues increased 27% 29% 41% to $1.8 billion; closings were up
Slide 6: Q2 2016 Highlights
Q2 2016 Highlights Dollar value of net new Q2 Backlog Value ($ billions) orders increased 21% to $4.0 $2.1 billion $3.5 Net new orders higher by 11% to 5,697 homes $3.0 Backlog value of $3.7 billion $2.5 up 21% over prior year Unit backlog up 8% to 9,679 $2.0 homes $1.5 $1.0 2015 2016 5
Slide 7: Allocation of Capital Consistent with Stated Priorities
Allocation of Capital Consistent with Stated Priorities Share Repurchase ($ millions) $250 Q2 2016 investment of $379 $200 million for land acquisition $150 Approved 5,800 lots for purchase $100 with average community size of $50 150 homes $0 Q3'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q4'15 Q1'16
Slide 8: Q2 2016 Selected Financial Data
Q2 2016 Selected Financial Data Three Months Ended June 30, 2016 2015 Change Home Sale Revenues ($ millions) $1,752 $1,243 41% Homebuilding Pretax Income ($ millions) (1) $173 $158 9% Backlog (Units) 9,679 8,998 8% Backlog (Dollar Value in millions) $3,749 $3,088 21% Financial Services Pretax Income
Slide 9: Q2 2016 Balance Sheet Data
Q2 2016 Balance Sheet Data June 30, 2016 December 31, 2015 ($ millions) Cash and Equivalents $256 $775 (including restricted cash) House and Land Inventory $6,629 $5,450 Debt $2,603 $2,075 Shareholders’ Equity $4,818 $4,759 Debt – to – Capitalization 35% 30% 8
Slide 10: Next Phase of Value Creation
Willowsford | Aldie, VA Next Phase of Value Creation 9
Slide 11: Company Announces Actions in Support of Next Phase of Value Creation
Company Announces Actions in Support of Next Phase of Value Creation As part of its Q2 earnings release, PulteGroup announced the following actions as it advances to the next phase of its Value Creation strategy Company to slow the rate of growth in land spend and use expected strong cash flows
Slide 12: Second Quarter 2016 Earnings
Sonoma Isles | Jupiter, FL Second Quarter 2016 Earnings 11