Genesis Land Development Corp. · TSX:GDC
Genesis Land Development — Corporate Update (December 2022)
35 slides from Genesis Land Development's corporate update, Dec 31, 2022
Slide 1: Corporate Update
CORPORATE UPDATE DECEMBER 31, 2022 GENESIS LAND DEVELOPMENT CORP.
Slide 2: Advisories
ADVISORIES FORWARD-LOOKING STATEMENTS This presentation may contain certain statements which constitute forward-looking statements or information within the meaning of applicable securities laws concerning the business, operations and financial performance and condition of Genesis. Generally, these
Slide 3: A proven record of acquiring raw land in the Calgary area
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. D R E A M . D E S I G N . B U I L D 3
Slide 4: Overview
OVERVIEW GENESIS D R E A M . D E S I G N . B U I L D 4
Slide 5: Genesis
GENESIS ONE OF WESTERN CANADA’S P R E E M I N E N T I N T EG R AT E D D E V E LO P M E N T CO M PA N I ES • Genesis Land Development Corp. (TSX: GDC) has been developing lands and building homes in the Calgary Metropolitan Area (CMA) since 1991 • Significant portfolio of well-located, entitled and u
Slide 6: A Strong Foundation
A STRONG FOUNDATION • Proven record of adding value and developing raw land into thriving communities • Focus on Calgary region • Public company with strong supportive shareholders • 22 years of consecutive profits • Conservative balance sheet and ready access to financing • Building partnerships D
Slide 7: Genesis At-A-Glance
GENESIS AT-A-GLANCE $276M 30+ 16+ 10,000 in real YEARS YEARS FAM ILIES + estate assets of land development of home building Over 1,300 acres • $97M acquired since 2019 experience (1991) experience (2005) developed in nine residential communities 1,557 $28M 22 $75M ACRES net debt YEARS OF returned to
Slide 8: Land Summary
LAND SUMMARY SERVICED FUTURE LAND PARCELS UNDEVELOPED SF LOTS SF LOTS (ACRES) ACREAGE AIRDRIE Bayside, Bayview 161 910 11 133 CALGARY NW Sage Meadows - - 5 - Sage Hill Crest 76 60 14 10 CALGARY N Lewiston - 915 7 134 CALGARY NE Saddlestone 5 - - - Huxley (Belvedere) - 1,433 - 157 CALGARY SE Logan La
Slide 9: Home Building Division Active in Ten Communities
HOME BUILDING DIVISION ACTIVE IN TEN COMMUNITIES Genesis Communities Airdrie Bayside Canals – Newport Bayview Calgary Sage Hill Crest Third-Party Communities Calgary Homestead Alpine Park Vermilion Hill Silverton Chestermere Clearwater Park Cochrane Fireside D R E A M . D E S I G N . B U I L D 9
Slide 10: Strategy / Team
STRATEGY/ TEAM D R E A M . D E S I G N . B U I L D 10
Slide 11: Strategy & Business Plan
AT - A - G L A N C E OV E R V I E W STRATEGY & BUSINESS PLAN S I M P L E B U S I N E S S M O D E L - H I G H LY F O C U S E D A P P R O AC H Genesis’ strategy is carefully and thoughtfully designed to maximize shareholder value while leveraging opportunities for future growth. D R E A M . D E S I G
Slide 12: Focused on the Calgary Metropolitan Area (CMA)
FOCUSED ON THE CALGARY METROPOLITAN AREA (CMA) G E N E S I S A DVA N TAGE : • Market knowledge and awareness • First in-the-know about acquisition opportunities • Experienced in navigating the complex approval process • Build quality production homes • Attract and work with quality home building par
Slide 13: Executive Team and Board of Directors
EXECUTIVE TEAM BOARD OF DIRECTORS Stephen J . Griggs Chair Steven Glover Lead Director IAIN STEWART WAYNE KING PS SIDHU BRIAN WHITWELL M ark W. M itchell ARNIE STEFANIUK BRENDAN MCCASHIN Director President and CEO Chief Financial Officer Sr. Vice President, Sr. Vice President, Vice President, Vice P
Slide 14: Growth
GROWTH D R E A M . D E S I G N . B U I L D 14
Slide 15: Growth Model: Land
GROWTH MODEL LAND • Reinvest cash surfaced from operations • Strict adherence to predetermined acquisition parameters • Acquire well positioned land - Preferably with Area Structure Plan in place • Finalize approvals • Bring in builder partners • Develop, sell – realize cash - Partner of choice for
Slide 16: Growth Model: Housing
GROWTH MODEL HOUSING • Participate in all Genesis communities • Participate in third party communities • Continue to increase volumes • Focus – production builder in CMA • Partner of choice for trades/suppliers D R E A M . D E S I G N . B U I L D 16 16
Slide 17: Growth
GROWTH D EC E M B E R 3 1 , 2 0 2 2 Land • Over 500 acres acquired in last four years ($97M) • Burn rate = 50-60 acres per annum Housing • Active in 10 communities • 2022 Home Sales Closings – 169 • 2022 New Home Orders – 233 D R E A M . D E S I G N . B U I L D 17 17
Slide 18: Recent Acquisitions
RECENT ACQUISITIONS 2 0 1 4 – LO G A N L A N D I N G • Acquired 354 acre parcel in SE Calgary 2 0 1 9 – L E W I STO N A N D PA R T N E RSH I P I N T E R E ST S • Acquired 134 acre parcel in North Calgary • Homestead - 5% interest and lot purchase rights • Vermilion Hill – 8% interest and lot purchas
Slide 19: Financial
FINANCIAL D R E A M . D E S I G N . B U I L D 19
Slide 20: Highlights
($000’S) 12 MONTHS 12 MONTHS ENDED DEC. 31, 2022 ENDED DEC. 31, 2021 TOTAL REVENUES 140,357 109,761 EARNINGS 4,520 10,877 (UNITS) HIGHLIGHTS RESIDENTIAL LOT SALES 236 247 D EC E M B E R 3 1 , 2 0 2 2 HOME SALES 169 191 NEW HOME ORDERS 233 249 • Total Assets - $364M OUTSTANDING NEW HOME 205 141 ORDER
Slide 21: Positioned to Thrive
POSITIONED TO THRIVE B U I L D I N G O N O U R S U C C E S S ES W I T H : • Proven track record • Well-located core land holdings • Highly experienced management team • An integrated, focused strategy • Strong financial position • Able to adapt to market conditions • Acquisitions/growth D R E A M .
Slide 22: Appendix: Core Land Holdings
APPENDIX CORE LAND HOLDINGS D R E A M . D E S I G N . B U I L D 22
Slide 23: Core Land Holdings
TARGETED UNDEVELOPED DEVELOPMENT COMMUNITY ACRES TIMEFRAME AIRDRIE BAYSIDE 45 1997 - 2028 BAYVIEW 88 1997 - 2028 133 CALGARY SADDLESTONE - 2010 - 2022 CORE LAND SAGE HILL CREST/ SAGE MEADOWS LEWISTON 10 134 2010 – 2026 2021 – 2032 HOLDINGS HUXLEY (BELVEDERE) 157 2023 – 2031 D EC E M B E R 3 1 , 2 0
Slide 24: Map of Core Land Holdings
MAP OF CORE LAND HOLDINGS D EC E M B E R 3 1 , 2 0 2 2 D R E A M . D E S I G N . B U I L D 24
Slide 25: Bayside & Bayview, Airdrie
CORE LAND HOLDINGS BAYSIDE & BAYVIEW AIRDRIE D E V E LO P M E N T T I M E L I N E • Servicing started in 1997 • 587 acres serviced • Target completion in 2030 • Currently developing: o Bayview Phases 4 o Bayside Phases 14 C U R R E N T I N V E N TO RY • 127 single family lots • 34 townhomes • 4 acre
Slide 26: Saddlestone, NE Calgary
CORE LAND HOLDINGS SADDLESTONE NE CALGARY D E V E LO P M E N T T I M E L I N E • 480 acres serviced • Target completion in 2023 • Commenced in 2010 C U R R E N T I N V E N TO RY • 5 single family lots G E N E S I S L A N D . C O M 26 G E N E S I S L A N D . C O M
Slide 27: Huxley (Belvedere), NE Calgary
CORE LAND HOLDINGS HUXLEY (BELVEDERE) NE CALGARY D E V E LO P M E N T T I M E L I N E • Acquired in 2021 • Target start date for servicing 2023 • Target completion in 2031 C U R R E N T I N V E N TO RY • 157 acres of undeveloped land • Will deliver 1,433 homes when fully developed G E N E S I S L A
Slide 28: Lewiston, N Calgary
CORE LAND HOLDINGS LEWISTON N CALGARY D E V E LO P M E N T T I M E L I N E • Acquired in 2019 • Target start date for servicing 2023 • Target completion in 2030 C U R R E NT I N V E N TO RY • 134 acres of undeveloped land • Will deliver 915 homes and 7 acres of multi-family and commercial parcels wh
Slide 29: Sage Meadows, NW Calgary
CORE LAND HOLDINGS SAGE MEADOWS NW CALGARY D E V E LO P M E N T T I M E L I N E • Servicing started in 2010 • 374 acres serviced • 252 acres sold after obtaining land use • Completed in 2022 C U R R E N T I N V E N TO RY • 5 acres of multi-family land G E N E S I S L A N D . C O M 29 G E N E S I S L
Slide 30: Sage Hill Crest, NW Calgary
CORE LAND HOLDINGS SAGE HILL CREST NW CALGARY D E V E LO P M E N T T I M E L I N E • Servicing started in 2021 • Target completion in 2026 • Currently developing: o Sage Hill Crest Phase 11 C U R R E N T I N V E N TO RY • 76 single family lots • 11 acres of serviced commercial sites • 3 acres of ser
Slide 31: Logan Landing, SE Calgary
CORE LAND HOLDINGS LOGAN LANDING SE CALGARY D E V E LO P M E N T T I M E L I N E • Acquired in 2014 • Target start year for servicing of 2023 • Target completion in 2035 C U R R E N T I N V E N TO RY • 354 acres of undeveloped land • Will deliver 1,587 homes and 10 acres of multi- family and commerc
Slide 32: Hotchkiss, SE Calgary
CORE LAND HOLDINGS HOTCHKISS SE CALGARY D E V E LO P M E N T T I M E L I N E • To be closed in 2025 • Target start year for servicing of 2027 • Target completion in 2037 C U R R E N T I N V E N TO RY • 159 acres of undeveloped land • Will deliver 849 homes and 8 acres of multi- family and commercial
Slide 33: OMNI, Rocky View County
CORE LAND HOLDINGS OMNI ROCKY VIEW COUNTY D E V E LO P M E N T T I M E L I N E • Target start year for servicing: 2025 • Target completion: 2040 C U R R E N T I N V E N TO RY • 185 acres future commercial site • Effective February 2023, Genesis owns a 73% undivided interest in the land G E N E S I S
Slide 34: The 425, Rocky View County
CORE LAND HOLDINGS THE 425 ROCKY VIEW COUNTY C U R R E N T I N V E N TO RY • 425 acres of future development land (currently seeking land use approvals) • Genesis owns 100% of the property having recently purchased 49% from joint venture partners G E N E S I S L A N D . C O M 34 G E N E S I S L A N
Slide 35: Contact Information
CONTACT INFORMATION GENESIS LAND D E V E L O P M E N T C O R P. IAIN STEWART, CPA, CA President and Chief Executive Officer WAYNE KING, CPA, CA Chief Financial Officer 403-265-8079 / / 1-800-341-7211 genesis@genesisland.com / / www.genesisland.com 6240, 333 – 96 Avenue NE Calgary, AB T2E 8A2 35
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