Slide 1: Green Brick Partners First Quarter 2016 Investor Call Presentation
Green Brick Partners First Quarter 2016 Investor Call Presentation May 9, 2016 Exhibit 99.2
Slide 2: Forward-looking statements
1 Forward-looking statements This presentation and the oral statements made by representatives of the Company during the course of this presentation that are not historical facts are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such
Slide 3: Management presenters
Jim Brickman − Chief Executive Officer − Over 35 years in real estate development and homebuilding − Co-founded JBGL with Greenlight Capital in 2008. JBGL was merged into Green Brick in 2014 − Previously served as Chairman and CEO of Princeton Homes and Princeton Realty Corp. Rick Costello − Chi
Slide 4: Green Brick at a glance
TX G Green Brick at a glance Uniquely structured residential land development and homebuilding company − We build and deliver homes through our current builders in which we own a 50% controlling interest − We sell lots and provide lot acquisition and vertical construction financing to our controll
Slide 5: Housing starts are highly correlated to jobs and we build in two of the highest job growth markets
4 Housing starts are highly correlated to jobs and we build in two of the highest job growth markets.
Slide 6: We are less than 1.5% of the starts in two of the fastest growing housing markets
We are less than 1.5% of the starts in two of the fastest growing housing markets, giving us significant opportunity for growth. 5
Slide 7: Our Dallas market has extremely low new home inventory
6 Our Dallas market has extremely low new home inventory
Slide 8: Our Atlanta market has extremely low new home inventory
7 Our Atlanta market has extremely low new home inventory
Slide 9: GRBK has one of the lowest debt-to-capital ratios amongst public builders
GRBK has one of the lowest debt-to-capital ratios amongst public builders GRBK net debt to capital is under 13% versus an average 50% for the public builder section GRBK’s eventual target is approximately 35%. 8 GRBK Net Debt to Total Capital is as of March 31, 2016; the Net Debt to Total Capita
Slide 10: 1st quarter 2016 financial highlights
1st quarter 2016 financial highlights Q1 2016 versus Q1 2015: - Net new orders increased by 29% - Home sales revenues increased by 34% - Average sales price of homes delivered increased by 21% - Dollar value of units in backlog increased by 39% - Average sales price of units in backlog increased b
Slide 11: 1st quarter 2016 financial highlights (continued)
1st quarter 2016 financial highlights (continued) At March 31, 2016, we had 44 active selling communities, a year-over-year increase of 19%. Lots owned and controlled increased year-over-year by 21% to 4,672 lots. 10
Slide 12: Corporate structure
We are a uniquely structured company that combines residential land development and homebuilding with strong sponsor ownership and controlling interests in our aligned homebuilders. Corporate structure 11 50%50%50%50% 80% 100%
Slide 13: Key takeaways
Key takeaways Our backlog grew 47% from December 31, 2015 to March 31, 2016, setting the stage for potential significant growth in 2016 and beyond. Significant growth opportunities exist in Dallas and Atlanta ̶ two of the most attractive homebuilder markets in the U.S. We have the balance shee
Slide 14: Non-GAAP Reconciliation
Non-GAAP Reconciliation 13 (Unaudited, in thousands, except per share amounts) Quarter ended March 31, 2016 Basic Adjusted EPS Net income attributable to Green Brick — basic $3,094 Income tax provision attributable to Green Brick $1,423 Pre-tax income $4,517 Adjusted weighted-average number of share