Pultegroup, Inc. · NYSE:PHM
Pultegroup — Q1 2017 Earnings Presentation
11 slides from Pultegroup's earnings presentation, Apr 25, 2017
Slide 1: Report on 2017 First Quarter Operating and Earnings Results
Report on 2017 First Quarter Operating and Earnings Results
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 Call Participants
PulteGroup Call Participants Ryan Bob Jim Jim Marshall O’Shaughnessy Ossowski Zeumer President and Executive Senior Vice Vice President, CEO Vice President President, Investor and CFO Finance Relations 2
Slide 4: Review of Q1 2017 Results
Review of Q1 2017 Results Butte
Slide 5: Q1 2017 Financial Highlights
Q1 2017 Financial Highlights Diluted EPS of $0.28, includes Quarterly Closings $0.03 of expense associated with 6,000 2016 2017 the resolution of certain insurance matters 5,000 Reported EPS up 17% over prior year 4,000 earnings of $0.24 per share Home sale revenues increased 14% 3,000 to $1.6
Slide 6: Q1 2017 Financial Highlights
Q1 2017 Financial Highlights Net new orders increased 7,000 Net New Orders 2016 2017 8% to 6,126 homes 6,000 Dollar value of net new 5,000 orders up 16% to $2.4 4,000 billion 3,000 Unit backlog up 6% to 9,323 homes 2,000 Backlog value increased 1,000 by 13% to $3.8 billion 0 Q1 Q2 Q3 Q4 2016
Slide 7: Developing a More Efficient Land Pipeline
Developing a More Efficient Land Pipeline Strong land pipeline can support Lots Owned ongoing growth of the business 110,000 8 Lots Years Owned 100,000 Owned lot position lowered to 7 90,000 below 5.0 years based on TTM 6 80,000 closings 70,000 5 Long-term goal to own 3 years / 60,000 option 3
Slide 8: Well Positioned to Serve All Buyer Groups
Well Positioned to Serve All Buyer Groups Diversified across all price Serving All Primary Buyer Groups points Long-term opportunities to expand share among First- Active Adult Time and Active-Adult buyers Provides opportunities to grow overall volumes and further diversify risk Move Up & Luxu
Slide 9: Q1 2017 Selected Financial Data
Q1 2017 Selected Financial Data Three Months Ended March 31, 2017 2016 Change Home Sale Revenues ($ millions) $1,585 $1,394 14% Homebuilding Pretax Income ($ millions) $126* $108 16% Backlog (Units) 9,323 8,755 6% Backlog (Dollar Value in millions) $3,802 $3,359 13% Financial Services Pretax Income
Slide 10: Q1 2017 Selected Balance Sheet Data
Q1 2017 Selected Balance Sheet Data March 31, 2017 December 31, 2016 ($ millions) Cash and Equivalents $424 $723 (including restricted cash) House and Land Inventory $7,028 $6,771 Debt $3,110 $3,110 Shareholders’ Equity $4,660 $4,659 Debt – to – Capitalization 40% 40% 9
Slide 11: First Quarter 2017 Earnings
First Quarter 2017 Earnings 10