Pultegroup, Inc. · NYSE:PHM
Pultegroup — Q4 2014 Earnings Presentation
10 slides from Pultegroup's earnings presentation, Jan 29, 2015
Slide 1: PulteGroup, Inc. Summary of Financial Results Fourth Quarter 2014
PulteGroup, Inc. Summary of Financial Results Fourth Quarter 2014
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 Richard Bob Jim Jim Dugas O’Shaughnessy Ossowski Zeumer Chairman, Executive Vice President, Vice President, President Vice President Finance and Investor Relations and CEO and CFO Controller and Corporate Communications 2
Slide 4: Review of Q4 2014 Financial Results
Review of Q4 2014 Financial Results 3
Slide 5: Q4 2014 Highlights
Q4 2014 Highlights Q4 earnings of $0.58 per share Full Year Homebuilding Gross Margin includes $0.16 per share of tax and insurance benefits, offset by $0.01 per share of lease exit charges Pretax income increased 15% to $267 million Q4 gross margin of 23.1%; down 10 basis points from prior ye
Slide 6: Q4 2014 Highlights
Q4 2014 Highlights Home sale revenues increased LOTS UNDER CONTROL 150,000 10% over prior year to $1.8 billion Owned Optioned Gain driven by 7% increase in closings to 5,316 homes and 3% increase in 120,000 average selling price of $334,000 • Centex ASP up 1% to $212,000 • Pulte Homes up 5% to $
Slide 7: Allocation of Capital Aligned with Value Creation Strategy
Allocation of Capital Aligned with Value Creation Strategy Land spend of $1.8 billion in 2014 Total Debt-to-Capital with $2.4 billion authorized for 70% investment in 2015 60% Repurchased 5.2 million shares 50% for $98 million in Q4 bringing full 40% year totals to 12.9 million shares for $246 m
Slide 8: Q4 2014 Selected Financial Data
Q4 2014 Selected Financial Data Three Months Ended December 31, Year-Over-Year 2014 2013 Change Homebuilding Home Sale Revenues ($ millions) $1,776 $1,613 Up 10% Homebuilding Pretax Income ($ millions) $254 $225 Up 13% Backlog (Units) 5,850 5,772 Up 1% Backlog (Dollar Value in millions) $1,944 $1,90
Slide 9: Q4 2014 Balance Sheet Data
Q4 2014 Balance Sheet Data December 31, December 31, ($ millions) 2014 2013 Cash and Equivalents $1,309 $1,653 (including restricted cash) House and Land Inventory $4,392 $3,979 Senior Notes $1,819 $2,058 Shareholders’ Equity $4,805 $4,649 Debt – to – Capitalization 27% 31% 8
Slide 10: PulteGroup
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