Slide 1: Investor Presentation: Fourth Quarter and Full Year 2024
INVESTOR PRESENTATION Fourth Quarter and Full Year 2024
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Forward-Looking Statements This presentation includes statements concerning our expectations, beliefs, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are not historical facts. These statements are “forward-
Slide 3: LGI Homes at a Glance
FOCUS ON PERFORMANCE LGI HOMES AT A GLANCE $2.2 BILLION REVENUE 6,131 HOME CLOSINGS(1) FULL YEAR 2024 3.8 AVERAGE MONTHLY ABSORPTIONS 24.2% GROSS MARGIN (2) (4) COMPANY HIGHLIGHTS 26.3% ADJUSTED GROSS MARGIN (3) (4) 36 MARKETS IN 21 STATES (5) Founded in 2003, LGI Homes is one of the nation’s fastes
Slide 4: The LGI Difference
Affordable Alternative to Renting Target Customer: Renters and First Time Homebuyers Move-In Ready Inventory 100% Spec Homes – All upgrades included Attractive, outlying suburban communities that are conveniently located near retail districts and business centers Professionally Trained Sales Represe
Slide 5: Homebuilding Excellence
Full-Time CM On Site 4-6 Plans Per Community A highly trained, full-time Four to six plans per community Construction Manager on each allows for consistency and site builds according to our standard components in order to manual and walks each home maintain an average home multiple times per day to
Slide 6: A Systems-Based Company
Standard Processes & Procedures Manuals Comprehensive Training LGI Homes is a systems-based company with an Every department at LGI Homes has a Our people receive world-class training and “LGI Way” for everything we do. Our focus on comprehensive operating manual, detailing our continuous developmen
Slide 7: Inventory Management
FOCUS ON THE FUTURE INVENTORY MANAGEMENT (1) (1) (2) (1) (3) Total Lot Inventory (Units) Owned Lot Inventory (Units) Owned Real Estate Inventory ($ Value) Owned 75.2% 5.0% 2.5% 9.7% 24.8% 22.2% 22.0% 70,899 53,317 $3.4 Billion Total Lots 52.8% Owned Lots 70.2% 68.3% 22.4% Raw or Under Development Ow
Slide 8: Become a Top 5 Builder
SINCE DECEMBER 31, 2013: Organic Growth 17 28 6.0x Expand in existing and NEW NEW MORE recently entered markets, (1) (1) (1) STATES MARKETS COMMUNITIES as well as selective expansion into new markets. 273% 814% HOME CLOSINGS REVENUE (2) (2) GROWTH GROWTH Wholesale Closings as a % of Total Closings L
Slide 9: Focusing on LGI Homes' Engagement and Values
FOCUSING ON LGI HOMES’ ENGAGEMENT AND VALUES Focused on the Sustainability Focused on People Focused on Governance Sustainable Business Practices: Our Communities: Board of Directors: Since its founding in 2003, LGI Homes has been The LGI Giving initiative was created for the Corporate governance is
Slide 10: Financial Results
FINANCIAL RESULTS
Slide 11: Recent Financial Results
RECENT FINANCIAL RESULTS Fourth Quarter 2024 Full Year 2024 ► Home Closings: 1,533, (12.8%) ► Home Closings: 6,028, (10.4%) ► Home Sales Revenue: $557.4 Million, (8.4%) ► Home Sales Revenue: $2.2 Billion, (6.6%) ► Average Sales Price: $363,598, +5.1% ► Average Sales Price: $365,394, +4.2% ► Ending A
Slide 12: Strong Operating Results
STRONG OPERATING RESULTS LGI HOMES HAS GENERATED STRONG RESULTS AND INDUSTRY-LEADING ABSORPTIONS Home Closings (Units) Revenue ($ millions) 10,442 $3,050 9,339 7,690 $2,368 $2,304 $2,359 $2,203 6,512 6,621 6,729 5,845 6,028 $1,838 $1,504 4,163 $1,258 3,404 2,356 $838 $630 $383 2014 2015 2016 2017 20
Slide 13: Leading Margins & Profitability
LEADING MARGINS & PROFITABILITY LGI HOMES HAS CONSISTENTLY GENERATED STRONG MARGINS & PROFITABILITY Gross Margin Percentage (1) (2) Adjusted Gross Margin Percentage (2) (3) 26.8% 26.5% 26.4% 26.8% 28.1% 25.5% 25.3% 25.5% 29.2% 23.7% 23.0% 24.2% 28.2% 27.8% 27.8% 26.9% 27.0% 25.8% 27.4% 28.2% 26.3% 2
Slide 14: Balance Sheet
BALANCE SHEET INVESTING IN FUTURE COMMUNITY COUNT GROWTH December 31, December 31, December 31, December 31, December 31, ($ in thousands) 2020 2021 2022 2023 2024 As December 31, 2024: ASSETS Cash and Cash Equivalents $ 35,942 $ 50,514 $ 31,998 $ 48,978 $ 53,197 $53 Million Accounts Receivable Real
Slide 15: Appendix
APPENDIX
Slide 16: Historical Fourth Quarter Operating Results
HISTORICAL FOURTH QUARTER OPERATING RESULTS QUARTERS ENDED DECEMBER 31 ST Q4 2014 Q4 2015 Q4 2016 Q4 2017 Q4 2018 Q4 2019 Q4 2020 Q4 2021 Q4 2022 Q4 2023 Q4 2024 Home Closings 652 946 1,139 1,844 1,852 2,515 3,408 2,526 1,448 1,758 1,533 Average Active Communities 38.0 52.0 62.3 78.3 85.3 104.3 113.
Slide 17: Historical Annual Operating Results
HISTORICAL ANNUAL OPERATING RESULTS YEARS ENDED DECEMBER 31 ST FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Home Closings 2,356 3,404 4,163 5,845 6,512 7,690 9,339 10,442 6,621 6,729 6,028 Average Active Communities 32.3 47.1 57.9 73.1 80.6 95.8 111.9 104.4
Slide 18: Reconciliation of Adjusted Gross Margin (Non-GAAP) - Quarterly
RECONCILIATION OF ADJUSTED GROSS MARGIN (NON-GAAP) QUARTERS ENDED DECEMBER 31 ST ($ in thousands) Q4 2014 Q4 2015 Q4 2016 Q4 2017 Q4 2018 Q4 2019 Q4 2020 Q4 2021 Q4 2022 Q4 2023 Q4 2024 Home Sales Revenues $108,420 $176,764 $236,830 $404,975 $425,160 $605,649 $897,398 $801,076 $488,262 $608,414 $557
Slide 19: Reconciliation of Adjusted Gross Margin (Non-GAAP) - Annual
RECONCILIATION OF ADJUSTED GROSS MARGIN (NON-GAAP) YEARS ENDED DECEMBER 31 ST ($ in thousands) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Home Sales Revenues $383,268 $630,236 $838,320 $1,257,960 $1,504,400 $1,838,154 $2,367,929 $3,050,149 $2,304,455 $2,3
Slide 20: LGI Homes, Inc. Investor Relations
LGI Homes, Inc. Investor Relations 1450 Lake Robbins Drive, Suite 430 The Woodlands, TX 77380 (281) 210-2586 investorrelations@lgihomes.com