Lennar Corporation · NYSE:LEN

Lennar — Lennar Corp /New/ — Q1 2018 Earnings Presentation

6 slides from Lennar's earnings presentation, Apr 4, 2018

  1. Slide 1: Supplemental Schedules for Q1-18 Earnings Release

    Exhibit 99.2 Supplemental Schedules for Q1-18 Earnings Release April 4, 2018

  2. Slide 2: Q1 2018 Homebuilding Metrics, as Reported and Pro Forma

    Schedule 1 Q1 2018 Homebuilding Metrics, as Reported and Pro Forma Exhibit 99.2 Lennar Standalone (12/1/17-2/28/18) CalAtlantic (2/13/18-2/28/18) As Reported (12/1/17-2/28/18) Q1-18 Q1-17 Var % Q1-18 Q1-17 Var % Q1-18 Q1-17 Var % New Orders 7,387 6,483 14% 1,069 8,456 6,483 30% Deliveries 5,946 5,45

  3. Slide 3: Q1 2018 Earnings Components

    Schedule 2 Q1 2018 Earnings Components Exhibit 99.2 (In millions, excluding ASP & EPS) Q1-18 Guidance from LEN CalAtlantic Combined Q1-17 Q1-18 Q1-18 Homebuilding Information Deliveries 5,453 5,946 819 6,765 Backlog conversion 71.5% 66.5% Q1 backlog conversion of 65-70% Average selling price (000) $

  4. Slide 4: Homebuilding Metrics: Historical Pro Forma and Projected

    Schedule 3 Homebuilding Metrics: Historical Pro Forma and Projected Exhibit 99.2 Q1-18 Q1-17 Q2-18 Q2-17 Q3-18 Q3-17 Q4-18 Q4-17 FY18 FY17 Pro forma Pro forma Projected Pro forma Projected Pro forma Projected Pro forma Pro forma Pro forma New Orders(1) 10,910 9,952 10% 13,800 13,386 3% 12,500 11,128

  5. Slide 5: Pro forma Homebuilding Statistics

    Schedule 4 Pro forma Homebuilding Statistics Exhibit 99.2 Q1-18 Q1-17 Q2-17 Q3-17 Q4-17 FY17 New Orders(1) 10,910 9,952 13,386 11,128 10,828 45,294 East 5,066 4,280 6,010 5,238 5,121 20,649 Central 2,622 2,511 3,251 2,494 2,656 10,912 West 2,266 2,244 2,944 2,476 2,186 9,850 Other 956 917 1,181 920

  6. Slide 6: Q1 2018 Earnings Components Reconciliation (Non-GAAP Financial Measure)

    Schedule 5 Q1 2018 Earnings Components Reconciliation (Non-GAAP Financial Measure) Exhibit 99.2 Lennar Corporation Q1 2018 Non-GAAP Reconciliation In thousands $136,215 Add: Write-up of CalAtlantic inventory in backlog 55,024 Add: Acquisition and integration costs 104,195 Add: Provision for income t

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