Slide 1: Corporate Update
CORPORATE UPDATE DECEMBER 31, 2021 GENESIS LAND DEVELOPMENT CORP.
Slide 2: Advisories: Forward-Looking Statements
ADVISORIES FORWARD-LOOKI NG STATEMENTS Thi s presentation may contain certain s tatements which constitute forward-looking statements or i nformation within the meaning of applicable s ecurities l aws concerning the business, operations and financial performance a nd condition of Genesis. Generally,
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: Genesis Delivers
GENESIS DELIVERS ONE OF WESTERN CANADA’S PREEMINENT INTEGRATED DEVELO PM EN T CO M PA N IES • 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 unentitled resi
Slide 5: A Strong Foundation to Build On
A STRONG FOUNDATION TO BUILD ON • Proven record of adding value and developing raw land into thriving communities • Focus on Calgary region and integrated land and building enables us to be close to market • Public company with strong supportive shareholders • 21 years of consecutive profits • Conse
Slide 6: Genesis At-a-Glance
GENESIS AT-A-GLANCE $225M 30 15+ 10,000 in real YEARS YEARS FAMILIES + estate assets of land development of home building Over 1,300 acres experience (1991) experience (2005) developed in 9 residential communities 1,516 $31M 21 $67M ACRES net cash YEARS OF returned to land holdings $64M cash consecu
Slide 7: At-a-Glance Overview: Highly Focused Approach
Annual Dividends LOT AND ACQUISITION AT- A- GLANCE O V ERV I EW DIVIDENDS HOME STRATEGY & SALES BUSINESS PLAN H I G H LY F O C U S E D A P P R O A C H Genesis’ strategy is carefully and thoughtfully Repay Finance designed to maximize shareholder value while leveraging opportunities for future growth
Slide 8: Executive Team and Board of Directors
EXECUTIVE TEAM BOARD OF DIRECTORS Stephen J. Griggs Chair Steven Glover Lead Director Mark W. Mitchell Director IAIN STEWART WAYNE KING ARNIE STEFANIU K PS SIDHU BRIAN WHITWELL President and CEO Chief Financial Officer Vice President, Vice President, Vice President, Loudon Owen Over 30 years of real
Slide 9: Focused on the Calgary Metropolitan Area (CMA)
FOCUSED ON THE CALGARY METROPOLITAN AREA (CMA) GEN ES I S A D VA N TA GE: • Positioned to anticipate local market conditions and develop communities based on consumer needs • First in-the-know about current and upcoming acquisition opportunities - can act quickly on potential land investments • Expe
Slide 10: Land Summary
LAND SUMMARY SERVICED FUTURE LAND PARCELS SF LOTS SF LOTS (ACRES) AIRDRIE 89 1,112 14 Bayside, Bayview CALGARY NW 3 - 8 Sage Meadows CALGARY NW 64 183 26 Sage Hill Crest CALGARY N - 892 7 Lewiston CALGARY NE Saddlestone 27 - - Huxley (Belvedere) - 1,200 - CALGARY SE - 1,190 16 Logan Landing ROCKYVIE
Slide 11: Home Building Division Active in Many Communities
HOME BUILDING DIVISION ACTIVE IN MANY COMMUNITIES Genesis Communities Airdrie Ba ys ide Ca nals – Newport Ba yvi ew Calgary Sa ge Hill Crest Sa ddlestone Third-Party Communities Calgary Homestead Al pi ne Park Vermi lion Hill Si l verton Cochrane Fi reside D R E A M . D E S I G N . B U I L D 11
Slide 12: Strong Operating Results
STRONG OPERATING RESULTS • 21 consecutive years of positive net earnings • 2017 - 2021 cumulative results: - $514M total revenues - $122M in cash flows from operating activities - $34M net earnings • 2021 highlights: - $110M in revenues - $11M in net earnings (after $4.3M reversal of write-down) D R
Slide 13: Recent Acquisitions
RECENT ACQUISITIONS 2 0 1 4 – L O GA N L A N D IN G • Acquired 354-acre parcel in SE Calgary 2 0 1 9 – L EWI S TO N A N D PA R TN ER S H I P I N TER ES TS • Acquired 134-acre parcel in North Calgary • Homestead - 5% interest and lot purchase rights • Vermilion Hill – 8% Interest and lot purchase rig
Slide 14: Highlights December 2021
($000’S) 12 MONTHS 12 MONTHS ENDED DEC. 30, 2021 ENDED DEC. 30, 2020 TOTAL REVENUES 109,713 103,933 CASH FLOWS FROM OPERATING 2,388 47,983 ACTIVITIES (UNITS) HIGHLIGHTS RESIDENTIAL LOT SALES 247 225 DECEMBER 2021 HOME SALES 191 163 NEW HOME ORDERS 249 192 • Total Assets of $325M OUTSTANDING NEW HOME
Slide 15: Positioned to Thrive
POSITIONED TO THRIVE B UIL D I N G O N O UR S UC C ES S ES WI TH : • 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 • New acquisitions D R E A M . D E S I G
Slide 16: Appendix: Core Land Holdings
APPENDIX C O R E L AN D H O L D I N G S D R E A M . D E S I G N . B U I L D 16
Slide 17: Core Land Holdings
TARGETED DEVELOPMENT COMMUNITY UNDEVELOPED ACRES TIMEFRAME AIRDRIE BAYSIDE 70 1997 - 2028 BAYVIEW 116 1997 - 2029 186 CALGARY SADDLESTONE - 2011 - 2022 CORE LAND SAGE MEADOWS SAGE HILL CREST - 31 2010 – 2022 2021 – 2026 HOLDINGS LEWISTON 134 2021 – 2030 D EC EM B ER 3 1 , 2 0 2 1 HUXLEY (BELVEDERE)
Slide 18: Map of Core Land Holdings
MAP OF CORE LAND HOLDINGS D EC EM B ER 3 1 , 2 0 2 1 D R E A M . D E S I G N . B U I L D (1) Owns 51% and manages development 18
Slide 19: Bayside & Bayview, Airdrie
CORE LAND HOLDI NGS BAYSIDE & BAYVIEW AIRDRIE D EVEL O PM EN T TIM EL IN E • Servicing started in 1997 • 512 acres serviced • 319 acres of raw land sold after annexation • Target completion in 2029 • Currently developing: o Bayview Phase 2 o Bayside Phase 13 C UR R EN T I N VEN TO R Y • 48 single fa
Slide 20: Saddlestone, NE Calgary
CORE LAND HOLDI NGS SADDLESTONE NE CALGARY D EVEL O PM EN T TI M EL I N E • 480 acres serviced • Target completion in 2022 • Commenced in 2010 C UR R EN T IN VEN TO R Y • 27 single family lots G E N E S I S L A N D . C O M 20
Slide 21: Huxley (Belvedere), NE Calgary
CORE LAND HOLDI NGS HUXLEY (BELVEDERE) NE CALGARY D EVEL O PM EN T TI M EL I N E • Acquired in 2021 • Target start date for servicing 2023 • Target completion in 2031 C UR R EN T I N VEN TO R Y • 157 acres of undeveloped land • Will deliver 1200 homes when fully developed G E N E S I S L A N D . C O
Slide 22: Lewiston, N Calgary
CORE LAND HOLDI NGS LEWISTON N CALGARY D EVEL O PM EN T TI M EL I N E • Acquired in 2019 • Target start date for servicing 2023 • Target completion in 2030 C UR R EN T IN VEN TO R Y • 134 acres of undeveloped land • Will deliver 892 homes when fully developed G E N E S I S L A N D . C O M 22
Slide 23: Sage Meadows, NW Calgary
CORE LAND HOLDI NGS SAGE MEADOWS NW CALGARY D EVEL O PM EN T TI M EL I N E • Servicing started in 2010 • 374 acres serviced • 252 acres sold after obtaining land use • Target completion in 2022 • Currently developing: o Phase 9, 10, 11 C UR R EN T IN VEN TO R Y • 3 single family lots • 8 acres of mu
Slide 24: Sage Hill Crest, NW Calgary
CORE LAND HOLDI NGS SAGE HILL CREST NW CALGARY D EVEL O PM EN T TI M EL I N E • 100 acres developed and 50 acres sold • 20 acres to be serviced in 2021 • Target completion in 2026 C UR R EN T I N VEN TO R Y • 64 single family lots • 11 acres of serviced commercial sites • 4 acre multi-family site •
Slide 25: Logan Landing, SE Calgary
CORE LAND HOLDI NGS LOGAN LANDING SE CALGARY D EVEL O PM EN T TI M EL I N E • Acquired in 2014 • Target start year for servicing of 2023 • Target completion in 2035 C UR R EN T I N VEN TO R Y • 354 acres of undeveloped land • Will deliver 1,190 homes and 16 acres of multi- family and commercial parc
Slide 26: OMNI, Rocky View County
CORE LAND HOLDI NGS OMNI ROCKY VIEW COUNTY D EV EL O P M EN T TI M EL I N E • Target start year for servicing: 2025 • Target completion: 2040 C U R R EN T I N V EN TO R Y • 185 acres future commercial site • Genesis owns 51.2% undivided interest in the land and manages the development of the project
Slide 27: The 425, Rocky View County
CORE LAND HOLDI NGS THE 425 ROCKY VIEW COUNTY C U R R EN T I N V EN TO R Y • 425 acres of future development land (currently seeking approval) • Genesis owns 51.2% undivided interest in the land and manages the development of the project G E N E S I S L A N D . C O M 27
Slide 28: Contact Information
CONTACT INFORMATION GENESI S 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 28