Slide 1: Corporate Update June 30, 2021
CORPORATE UPDATE JUNE 30, 2021 GENESIS LAND DEVELOPMENT CORP.
Slide 2: Advisories – Forward-Looking Statements
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 its 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 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 C O 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, enti
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 ownership • 20 years of consecutive profits • Conservative balanc
Slide 6: Genesis At-a-Glance
GENESIS AT-A-GLANCE $207M 29 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 1,425 $8M 20 $67M ACRES net cash YEARS OF returned to land holdings $26M cash consecuti
Slide 7: Strategy & Business Plan
Annual Dividends LOT AND DIVIDENDS ACQUISITION HOME AT - A - G L A N C E OV E RV I E W 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 DEVELOP DEVELOPMENT leveraging opp
Slide 8: Management Team
MANAGEMENT TEAM BOARD OF DIRECTORS Stephen J. Griggs Chair Steven Glover Lead Director Mark W. Mitchell Director IAIN STEWART WAYNE KING ARNIE STEFANIUK 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) G E N E S I S A DVA N TAGE : • 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 • Ex
Slide 10: Core Land Holdings
CORE LAND HOLDINGS LAND SERVICED FUTURE PARCELS SF LOTS SF LOTS (ACRES) AIRDRIE 130 1,112 14 Bayside, Bayview CALGARY NW 11 - 14 Sage Meadows CALGARY NW - 282 26 Sage Hill Crest CALGARY N - 892 7 Lewiston CALGARY NE Saddlestone 77 - 1 Belvedere - 1,200 - CALGARY SE - 1,190 16 Logan Landing ROCKYVIEW
Slide 11: GBG Active in Many Communities
GBG ACTIVE IN MANY COMMUNITIES Genesis Communities AIRDRIE Bayside Bayview CALGARY Sage Meadows Sage Hill Crest Saddlestone Third Party Communities CALGARY Homestead Alpine Park D R E A M . D E S I G N . B U I L D 11
Slide 12: Strong Operating Results
18 160 STRONG Millions Millions 16 140 OPERATING 14 120 12 100 RESULTS 10 8 80 60 6 • 20 consecutive years of positive net 40 4 earnings 2 20 • 2016 - 2020 cumulative results: - - 2016 2017 2018 2019 2020 - Total revenues of over $520M Net Earnings Consolidated Revenues - $162M in cash flows from op
Slide 13: Recent Acquisitions
RECENT ACQUISITIONS 2 0 1 4 – LO G A N L A N D I N G • Acquired 355-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 130-acre parcel in North Calgary • Homestead - 5% Interest and lot purchase rights • Vermilion Hill – 8% Interest and lot purchas
Slide 14: Highlights June 2021
6 MONTHS 6 MONTHS ($000’S) ENDED JUNE 30, ENDED JUNE 30, 2021 2020 TOTAL REVENUES 48,242 54,377 CASH FLOWS FROM OPERATING 7,467 15,232 ACTIVITIES (UNITS) RESIDENTIAL LOT SALES 113 119 HIGHLIGHTS HOME SALES 93 82 JUNE 2021 NEW HOME ORDERS 135 83 OUTSTANDING NEW HOME • Total Assets of $275M ORDERS 125
Slide 15: 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 • Continued growth through acquisi
Slide 16: Appendix
APPENDIX CORE LAND HOLDINGS D R E A M . D E S I G N . B U I L D 16
Slide 17: Core Land Holdings
TARGETED UNDEVELOPED DEVELOPMENT COMMUNITY ACRES TIMEFRAME AIRDRIE BAYSIDE 70 1997 - 2028 BAYVIEW 116 1995 - 2029 186 CALGARY SADDLESTONE - 2011 - 2022 CORE LAND SAGE MEADOWS - 2010 – 2022 HOLDINGS SAGE HILL CREST 51 2021 – 2026 LEWISTON 134 2021 – 2030 JUNE 30, 2021 BELVEDERE 157 2022 – 2031 Genesi
Slide 18: 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 • 512 acres serviced • 319 acres of raw land sold after annexation • Target completion in 2029 C U R R E N T I N V E N TO RY • 83 single family lots • 47 townhomes • 3 acres of multi-family
Slide 19: 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 2022 • Commenced in 2010 C U R R E N T I N V E N TO RY • 61 single family lots • 16 townhomes • 1 acre of multi-family land G E N E S I S L A N D . C O M 19
Slide 20: Belvedere NE Calgary
CORE LAND HOLDINGS 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 2022 • 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 1200 homes when fully developed G E N E S I S L A N D . C O
Slide 21: 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 892 homes when fully developed G E N E S I S L A N D . C O M 21
Slide 22: 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 • Target completion in 2022 C U R R E NT I N V E N TO RY • 11 single family lots • 14 acres of multi-family land G E N E S I S L
Slide 23: 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 • 100 acres developed and 50 acres sold • 20 acres to be serviced in 2021 • Target completion in 2026 C U R R E N T I N V E N TO RY • 7 acre serviced commercial site • 51 acres of future development land with 282 sing
Slide 24: 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 2024 • 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 and estimated 1,190 homes and 16 acres of multifamily
Slide 25: 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: N/A • Target completion: N/A C U R R E N T I N V E N TO R Y • 185 acres future commercial site • 425 acres of future development land • Genesis owns 51.2% undivided interest in the land
Slide 26: 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 26