Slide 1: Fourth Quarter 2016 Earnings
The Aldredge | Atlanta, GA Fourth Quarter 2016 Earnings
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes “forward-looking statements.” These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to s
Slide 3: PulteGroup, Inc. Executives
PulteGroup, Inc. Executives Ryan Bob Jim Jim Marshall O’Shaughnessy Ossowski Zeumer President and Executive Vice President, Vice President, CEO Vice President Finance and Investor and CFO Controller Relations 2
Slide 4: Review of Q4 2016 Results
Onyx | San Jose, CA Review of Q4 2016 Results 3
Slide 5: Q4 2016 Highlights
Q4 2016 Highlights EPS of $0.83, includes $0.16 per Quarterly Closings share of insurance and tax benefits 9 Prior year EPS of $0.64 included benefit of $0.07 per share from insurance and mortgage reserve reversals Q4 home sale revenues increased 21% to $2.4 billion; closings up 9% to 6,197 home
Slide 6: Q4 2016 Highlights
Q4 2016 Highlights Net new orders increased Net New Orders 15% to 4,202 homes Dollar value of net new orders increased 22% to $1.7 billion Unit backlog up 10% to 7,422 homes Backlog value of $2.9 billion up 20% over prior year 2015 5,139 5,118 4,092 3,659 2016 5,652 5,697 4,775 4,202 Increas
Slide 7: Land Pipeline Supports Business Growth
Land Pipeline Supports Business Growth Focused on driving greater asset Lots Owned efficiency 9 Owned lot position of less than 5.0 years based on TTM closings 9 Additional 44,000 lots controlled via options Expect 2017 land acquisition spend of $1.1 billion 9 Planned 2017 acquisition spend comp
Slide 8: Consistent Return of Excess Capital to Shareholders
Consistent Return of Excess Capital to Shareholders Share Repurchase ($ millions) Repurchased 31 million shares in 2016 at a cost of $600 million Subject to market conditions, plan to repurchase an additional $1.0 billion of shares in 2017 % of Float Purchased Company has used excess capital t
Slide 9: Q4 2016 Selected Financial Data
Q4 2016 Selected Financial Data Three Months Ended December 31, 2016 (1) 2015 (2) Change Home Sale Revenues ($ millions) $2,423 $1,997 21% Homebuilding Pretax Income ($ millions) $389 $344 13% Backlog (Units) 7,422 6,731 10% Backlog (Dollar Value in millions) $2,941 $2,457 20% Financial Services Pre
Slide 10: Q4 2016 Selected Balance Sheet Data
Q4 2016 Selected Balance Sheet Data December 31, 2016 December 31, 2015 ($ millions) Cash and Equivalents $723 $775 (including restricted cash) House and Land Inventory $6,771 $5,450 Debt $3,110 $2,075 Shareholders’ Equity $4,659 $4,759 Debt – to – Capitalization 40% 30% 9
Slide 11: Reclassification of Sales Commissions
Reclassification of Sales Commissions Three Months Ended Twelve Months Ended December 31, December 31, 2016 2015 2016 2015 Gross margin - historical presentation 21.3% 23.5% 21.4% 23.3% Sales commissions 3.5% 3.6% 3.6% 3.5% Gross margin - current presentation 24.8% 27.1% 25.0% 26.9% SG&A - historica
Slide 12: Fourth Quarter 2016 Earnings
Sonoma Isles | Jupiter, FL Fourth Quarter 2016 Earnings 11