Slide 1: Corporate Update
Corporate Update SEPTEMBER 30, 2024
Slide 2: Forward-looking statements
Forward-looking statements
Slide 3: Bayview Community
A-proven record of acquiring raw.land in the’Calgary’area and, utilizing an- integrated value-added’land development and home building approach, transforming ’it into inspired. * communities that enrich lives. 2 GENESIS CORPORBEPURDA pe:
Slide 4: Community
Ne To dream. To design. To build. To create Community. GENESIS + GENESIS! CORPORATE UPDATE
Slide 5: Logan Landing Community
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Slide 6: One of Western Canada's preeminent integrated development companies
One of Western Canada’s preeminent integrated development companies Genesis Land Development Corp. (TSX: GDC) has been developing lands and building homes in the Calgary Metropolitan Area (CMA) since 1991 Significant portfolio of wel-located, entitled and unentitled residential, commercial and mixed
Slide 7: A Strong Foundation
A STRONG FOUNDATION = Proven record of developing raw land into thriving communities = Focus on Calgary region = Public company with strong supportive shareholders = Conservative balance sheet and ready access to financing = Success through partnerships w 4 <q a a =) w iw < 4 fe) a « fe) oO a n i Zz
Slide 8: Years, Acres, Families
YEARS YEARS FAMILIES ACRES YEARS
Slide 9: Land Summary
LAND SUMMARY SERVICED SF LOTS FUTURE SF LOTS AIRDRIE Bayside, Bayview ICALGARY NW Sage Hill Crest ICALGARY N Lewiston ICALGARY NE Huxley (Belvedere) ICALGARY SE” Logan Landing Hazel (Hotchkiss) SE Calgary Land Holdings ROCKYVIEW COUNTY OMNI/425 AIRDRIE LAND PARCELS UNDEVELOPED) (ACRES) ACREAGE Nw CA
Slide 10: Home Building Division
HOME BUILDING DIVISION ACTIVE IN 13 COMMUNITIES Genesis Communities AIRDRIE 1. Bayside 2. Bayview CALGARY 3. Lewiston 4. Huxley 5. Logan Landing Third-Party Communities CALGARY 6. Homestead 7. Alpine Park 8. Vermilion Hill 9. Silverton 10. Heartwood 11. Harmony CHESTERMERE 12. Clearwater Park COCHRA
Slide 11: Sage Hill Crest Community
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Slide 12: Strategy & Business Plan
STRATEGY & BUSINESS PLAN Simple business model — highly focused approach LOT AND DEVELOPMENT HOME SALES EVELOPMEN Genesis’ strategy is DIVIDENDS <—-wiaenes designed to maximize shareholder value & while leveraging y opportunities for € future growth. PROPERTY FINANCING —————>| __ DEVELOP LAND DEVELO
Slide 13: Premier assets with focus in the Calgary Metropolitan Area
Premier assets with focus in the Calgary Metropolitan Area Homebuilding focus on quality production homes Market knowledge and awareness First in-the-know about acquisition opportunities Experienced in navigating the complex approval process SAGE we MEADOWS GENESIS |
Slide 14: Highest population growth rate among Canada's largest cities
Highest population growth rate among Canada’s largest cities Affordability advantage Strong labor and employment Ideal location (proximity to the mountains) GENESIS |
Slide 15: Land
Land Acquire well positioned land = Strict adherence to predetermined acquisition parameters = Preferably with Area Structure Plan in place Finalize approvals Bring in builder partners Develop, sell — realize cash = Partner of choice for contractors/consultants Reinvest cash surfaced from operations
Slide 16: Housing
Housing Focus as a quality production builder in the CMA Participate in all Genesis communities Participate in third party communities Continue to increase volumes Partner of choice for trades/suppliers SILVERTON GENESIS |
Slide 17: Acquired 134-acre parcel in North Calgary
Acquired 134-acre parcel in North Calgary Homestead —- 5% interest and lot purchase rights Vermilion Hill — 8% interest and lot purchase rights Acquired 161-acre parcel in NE Calgary Acquired 160-acre parcel in SE Calgary Acquired 49% interest in 425 acres in North Conrich — bringing ownership to 10
Slide 18: Executive Team
EXECUTIVE TEAM IAIN STEWART PS SIDHU BRIAN WHITWELL ROB SEKHON BRENDAN MCCASHIN CEO President & Chief Investment Officer Chief Financial Officer Sr. Vice President, Chief Operating Officer Land Development “N ‘« Lv WAYNE KING ARNIE STEFANIUK MIKE DEBOER VIRAT REDDY TRAVIS ailing R Sr. Vice President
Slide 19: Bayview Community
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Slide 20: Highlights
HIGHLIGHTS November 5, 2024 = Total Assets - $511M " Real Estate Assets - $406M = Net Debt - $103M NINE MONTHS, NINE MONTHS ($0008) sept 30,2024 sept 30, 2023 TOTAL REVENUES 256,414 131,710 EARNINGS 26,980 6,456 (UNITS) RESIDENTIAL LOT SALES 569 210 HOME SALES 294 200 NEW HOME ORDERS 312 278 OUTSTAN
Slide 21: Building On Our Success
Building On Our Success • • • • • • •
Slide 22: Core Land Holdings
Core Land Holdings Lewiston Community
Slide 23: Core Land Holdings
CORE LAND HOLDINGS September 20, 2024 Genesis is well-positioned to build on its successes with an extensive portfolio of core land holdings to be developed in the CMA. TARGETED UNDEVELOPED DEVELOPMENT COMMUNITY ACRES TIMEFRAME AIRDRIE BAYSIDE 28 1997 - 2029 BAYVIEW 338 1997 - 2029 66 CALGARY LEWIST
Slide 24: Map of Core Land Holdings
Ne MAP OF CORE LAND HOLDINGS September 30, 2024 GENESIS | CORPORATE UPDATE iN) =
Slide 25: Bayside & Bayview
BAYSIDE & BAYVIEW Airdrie DEVELOPMENT TIMELINE = Servicing started in 1997 = 654 acres serviced (including Canals) = Target completion in 2029 = Plan to develop: * Bayside Phase 15 CURRENT INVENTORY = 346 single family lots = 3 townhomes = 1 multi-family site (3.4 acres) and 1 commercial parcel (0.0
Slide 26: Huxley (Belvedere)
HUXLEY (BELVEDERE) TE Calgary DEVELOPMENT TIMELINE = Acquired in 2021 = Servicing commenced in 2023 = Target completion in 2035 = Currently developing: ¢ Huxley Phase 1 CURRENT INVENTORY = 161 acres of undeveloped land = Will deliver 1,378 homes when fully developed Het ta DOU Se GENESIS | CORPORATE
Slide 27: Lewiston
LEWISTON Calgary DEVELOPMENT TIMELINE = Acquired in 2021 = Servicing commenced in 2020 = 23 acres serviced = Target completion in 2031 = Currently developing: * Lewiston Phase 2 CURRENT INVENTORY = 111 acres of undeveloped land = Will deliver 768 homes and 7 acres of multi-family and commercial parc
Slide 28: Logan Landing
LOGAN LANDING 9& Calgary DEVELOPMENT TIMELINE = Acquired in 2014 = Servicing commenced in 2023 = 27 acres serviced = Target completion in 2034 = Plan to develop: * Logan Landing Phase 2 CURRENT INVENTORY = 327 acres of undeveloped land = Will deliver 1,340 homes and 10 acres of multi-family and comm
Slide 29: Sage Hill Crest
SAGE HILL CREST Mi Calgary DEVELOPMENT TIMELINE = Servicing commenced in 2020 = Target completion in 2025 CURRENT INVENTORY * Asingle family lots = 7 acres of serviced commercial site GENESIS | CORPORATE UPDATE 29
Slide 30: Hazel (Hotchkiss)
HAZEL (HOTCHKISS) 5& Calgary DEVELOPMENT TIMELINE = Acquired in 2024 = Target start year for servicing of 2027 = Target completion in 2037 CURRENT INVENTORY = 160 acres of undeveloped land = Will deliver 1,184 homes and 3 acres of multi-family when completed 9 GENESIS | CORPORATE UPDATE ro) =)
Slide 31: SE Calgary Land Holding
SE Calgary ▪ ▪ ▪ ▪ SE Calgary Land Holding ▪ ▪
Slide 32: OMNI
OMNI Rocky View County is INT LEISURE EBRATION | = DEVELOPMENT TIMELINE = Target start year for servicing: 2025 = Target completion: N/A CURRENT INVENTORY = 185 acres future commercial site = Effective February 2023, Genesis owns a 73% undivided interest in the land ae SS Ses a ONE DESTINATION FOR A
Slide 33: The 425, Rocky View County
THE 425 Rocky View County CURRENT INVENTORY = 425 acres of future development land (currently seeking land use approvals) = Genesis owns 100% of the property 5 | | o \ Bx! GENESIS | CORPORATE UPDATE oo ee i) [)
Slide 34: Contact Information
oe CONTACT INFORMATIO IAIN STEWART, CPA, CA if Chief Executive Officer ROBiS! IN, CPA; CA Pz Chief Financia Officer rx ... a Brrr, .genesistand oa ia f rs 6240, 333-96 Avenue NE // Calgary, A 1 Fen fm: Bayside Community bl GENESIS |