Slide 1: Genesis Land Development Corp. Corporate Update
GENESIS LAND DEVELOPMENT CORP. CORPORATE UPDATE September 30, 2020
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 its integrated land development/ home building approach, transforming it into inspired communities that enrich lives. 3
Slide 4: Contents
CONTENTS 1 ………… ABOUT GENESIS 2 ………… PROVEN TRACK RECORD 3 ………… CORE LAND HOLDINGS 4 ………… EXPERIENCED MANAGEMENT TEAM 5 ………… STRATEGY & BUSINESS PLAN 6 ………… STRONG OPERATING RESULTS 7 ………… APPENDIX: CORE LAND HOLDINGS 4
Slide 5: About Us
ABOUT US One of Western Canada’s Pre-Eminent Development Companies Genesis Land Development Corp. (TSX: GDC) has been developing lands and building homes in the Calgary Metropolitan Area (CMA) since 1991. With a significant portfolio of well-located, entitled and unentitled residential, commercial a
Slide 6: Historical Timeline
HISTORICAL TIMELINE DREAM. DESIGN. BUILD. At Genesis, our mission is to imagine and develop inspired communities that enrich lives—one home, one family, and one neighbourhood at a time. 1991 1997 1998 1999 2001 2005 2006 2013 2014 2019 Development of Outline plan for first Genesis Builders Smoothwat
Slide 7: Genesis At-a-Glance
GENESIS AT-A-GLANCE $191 M in real estate 29 YEARS of land development 15 YEARS of home building $60 M returned to shareholders assets experience (1991) experience (2005) since 2014 3,200 $44,383 $30,719 10,000 ACRES debt cash FAMILIES 15% of developed/ Over 1,300 acres developing land developed in
Slide 8: A Solid Foundation
A SOLID FOUNDATION We’re building our legacy with: • Proven track record • Well-located core land holdings • Highly experienced management team • An integrated, focused strategy • Strong financial position • Building partnerships 8
Slide 9: Proven Track Record
PROVEN TRACK COMMUNITY START DATE TOTAL UNITS TOTAL ACRES RECORD AIRDRIE CANALS BAYSIDE 1997 2001 1,920 2,520 240 315 BAYVIEW 2015 1,320 165 Genesis has developed 1,366 5,760 720 CALGARY NE acres of residential land, creating nine residential communities in TARAVISTA 2001 1,280 160 the Calgary Metro
Slide 10: Core Land Holdings
CORE LAND HOLDINGS September 30, 2020 LAND SERVICED FUTURE PARCELS SF LOTS SF LOTS (ACRES) AIRDRIE: BAYSIDE, BAYVIEW 207 1,112 14 CALGARY NW: SAGE MEADOWS 25 - 14 CALGARY NW: SAGE HILL CROSSING - 282 34 CALGARY N: LEWISTON - 800 7 CALGARY NE: SADDLESTONE 129 - 2 CALGARY SE: LOGAN LANDING - 1,190 16
Slide 11: Management Team
MANAGEMENT ARNIE STEFANIUK Vice president, Land Development 25 years residential land development experience TEAM “Genesis Land takes great pride in building communities that are integrated into the natural environment, while providing access to all the urban amenities.” IAIN STEWART PS SIDHU Presid
Slide 12: Strategy & Business Plan
STRATEGY & HIGHLY FOCUSED APPROACH BUSINESS Genesis strategy is carefully and thoughtfully designed to maximize shareholder value while PLAN leveraging opportunities for future growth. AT-A-GLANCE OVERVIEW Targeted CMA focus Land acquisitions Obtaining zoning and service Planning the development ent
Slide 13: Targeted Calgary Metropolitan Area (CMA) Focus
TARGETED CALGARY METROPOLITAN AREA (CMA) FOCUS Genesis knows the CMA and is able to: • Anticipate local market conditions and develop communities based on consumer needs • Be first in-the-know about current and upcoming acquisition opportunities • Act quickly on potential quality land investments •
Slide 14: Strong Operating Results
20 200 STRONG Millions Millions 15 150 OPERATING 10 5 100 50 RESULTS - 2015 2016 2017 2018 2019 - Previous five years (2015 – 2019) Net Earnings Consolidated Revenues • 19 consecutive years of positive net 150 Millions earnings • 2015 - 2019 cumulative results: 100 • Net earnings of $40 million 50 •
Slide 15: Highlights Q3 YTD
HIGHLIGHTS (000’S) NINE MONTHS ENDED SEPT 30, 2020 NINE MONTHS ENDED SEPT 30, 2019 Q3 YTD TOTAL REVENUES CASH FLOWS FROM 84,116 25,125 42,016 1,568 OPERATING ACTIVITIES DEVELOPMENT LAND 9,482 - • YTD Q3 2020 and Q3 both very SALES strong (UNITS) • To date results much better than RESIDENTIAL LOT SAL
Slide 16: Strong Balance Sheet
STRONG (000’S) BOOK VALUE ($) PER SHARE ($) BALANCE REAL ESTATE ASSETS 190,789 4.55 SHEET CASH 30,719 0.73 WORKING CAPITAL 1 29,168 0.69 LOANS & CREDIT FACILITIES (44,383) (1.06) NON-CONTROLLING INTEREST (12,341) (0.29) September 30, 2020 SHAREHOLDERS’ EQUITY 193,952 4.62 SHARES OUTSTANDING 41,970 •
Slide 17: Positioned to Survive and Thrive
POSITIONED TO SURVIVE AND THRIVE Building on our successes with: • 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 17
Slide 18: Appendix
APPENDIX CORE LAND HOLDINGS 18
Slide 19: Core Land Holdings
CORE LAND COMMUNITY UNDEVELOPED ACRES TARGETED DEVELOPMENT TIMEFRAME HOLDINGS AIRDRIE BAYSIDE 70 2019 - 2028 September 30, 2020 BAYVIEW 116 2019 - 2031 186 CALGARY Genesis is well-positioned to SADDLESTONE - 2019 - 2022 SAGE MEADOWS - 2019 – 2021 build on its successes with an 51 2020 - 2029 SAGE HI
Slide 20: Airdrie: Bayside & Bayview
CORE LAND HOLDINGS AIRDRIE: BAYSIDE & BAYVIEW DEVELOPMENT TIMELINE • Servicing started in 1997 • 512 acres serviced • 319 acres of raw land sold after annexation • Target completion in 2031 CURRENT INVENTORY • 147 single family lots • 60 townhomes • 3 acres of multi-family land • 186 acres of undeve
Slide 21: NE Calgary: Saddlestone
CORE LAND HOLDINGS NE CALGARY: SADDLESTONE DEVELOPMENT TIMELINE • 480 acres serviced • Target completion in 2022 CURRENT INVENTORY • 102 single family lots • 27 townhomes • 2 acres of multi-family land 21
Slide 22: NW Calgary: Sage Meadows
CORE LAND HOLDINGS NW CALGARY: SAGE MEADOWS DEVELOPMENT TIMELINE • Servicing started in 2010 • 374 acres serviced • 252 acres sold after obtaining land use • Target completion in 2021 CURRENT INVENTORY • 25 single family lots • 14 acres of multi-family land 22
Slide 23: NW Calgary: Sage Hill Crossing
CORE LAND HOLDINGS NW CALGARY: SAGE HILL CROSSING DEVELOPMENT TIMELINE CURRENT INVENTORY • 100 acres developed and 42 acres sold • 15 acres serviced multi-family/commercial • 20 acres to be serviced in 2020/2021 • 51 acres of future development land with a • Target completion in 2029 proposed mix of
Slide 24: N Calgary: Lewiston
CORE LAND HOLDINGS N CALGARY: LEWISTON DEVELOPMENT TIMELINE • Acquired in 2019 • Target start year for servicing of 2021 • Target completion in 2030 CURRENT INVENTORY • 130 acres of undeveloped land 24
Slide 25: SE Calgary: Ricardo Ranch
CORE LAND HOLDINGS SE CALGARY: RICARDO RANCH DEVELOPMENT TIMELINE • Acquired in 2014 • Target start year for servicing of 2022 • Target completion in 2031 CURRENT INVENTORY • 354 acres of undeveloped land 25
Slide 26: Rocky View County: Omni
CORE LAND HOLDINGS ROCKY VIEW COUNTY: OMNI DEVELOPMENT TIMELINE • Target start year for servicing of 2021 • Target completion in 2035 CURRENT INVENTORY • 185 acres future commercial site • 425 acres of future development land • Genesis owns 51.2% undivided interest in the land and manages the develo
Slide 27: Genesis Land Development Corp. Contact Information
GENESIS LAND DEVELOPMENT CORP. Contact Information Iain Stewart, CPA, CA, President and Chief Executive Officer Wayne King, CPA, CA, Chief Financial Officer 7315 - 8th Street NE Calgary AB T2E 8A2 P: 403-265-8079 Toll free: 1-800-341-7211 Email: genesis@genesisland.com Website: www.genesisland.com 2