Taylor Morrison Home Corporation · NYSE:TMHC
Taylor Morrison Home — Q1 2026 Earnings Presentation
22 slides from Taylor Morrison Home's earnings presentation, Apr 22, 2026
Slide 1: Investor Presentation First Quarter 2026
Investor Presentation First Quarter 2026
Slide 2: About Taylor Morrison (NYSE: TMHC)
About Taylor Morrison (NYSE: TMHC) Balanced operating Track-record of Headquartered in Leading builder with Diverse product Experienced model delivers growth, innovation Scottsdale, AZ operations across 12 offerings in prime leadership team strong financial and prudent capital states locations resul
Slide 3: What sets Taylor Morrison apart
What sets Taylor Morrison apart 1. National, regional and local scale 5. Strong financial performance Substantial scale provides operational efficiencies, cost Focus on generating healthy earnings and ROE through gross leverage, land access and other competitive advantages margin, cost management an
Slide 4: A transformative journey greatly expanded our platform while delivering strong results
A transformative journey greatly expanded our platform while delivering strong results 2013 2015 2016 2017 2018 2020 Debuted on NYSE Acquired JEH Acquired Acadia Increased public float to Became a fully-floated public Acquired William Lyon in largest Homes (Atlanta) Homes (Atlanta) 70% from 25% thro
Slide 5: Key stats at a glance
Key stats at a glance 75,626 1Q 2026 1Q 2025 Net sales orders 2,914 3,374 total homebuilding lots (51% controlled) Ending community count 356 344 Home closings revenue, net ($mm) $1,311 $1,830 Home closings 2,268 3,048 6.2 years of total lot supply (3.0 years owned) Home closings ASP $578,000 $600,0
Slide 6: Guidance metrics as of April 22, 2026
Guidance metrics as of April 22, 2026 Second Quarter 2026 Full Year 2026 Ending active community count Around 370 Between 365 to 370 Home closings Between 2,500 to 2,600 Approximately 11,000 Average closing price Approximately $575,000 Between $580,000 to $590,000 Home closings gross margin1 At leas
Slide 7: We have meaningful scale across our diverse coast-to-coast footprint
We have meaningful scale across our diverse coast-to-coast footprint 12 states 21 markets 16 top 10 market positions2 West Central East TMHC % of Home Closings1 37% 25% 38% 2,268 % of Home Closings Revenue 43% 21% 36% $1.3B Home Closings ASP $679,000 $486,000 $540,000 $578,000 Home Closings Gross Ma
Slide 8: Our portfolio serves a broad range of buyer groups with to-be-built and spec home offerings
Our portfolio serves a broad range of buyer groups with to-be-built and spec home offerings Net orders by consumer group Entry level 32% 1st Move-up 18% 2nd Move-up 23% Resort lifestyle 27% ~2,400 average square footage ~31% share of to-be-built home closings $578K average closing price 8 Data as of
Slide 9: Esplanade, our premier resort lifestyle brand, set to expand across the country
Esplanade, our premier resort lifestyle brand, set to expand across the country Actively selling in: Resort-style amenities include: Charlotte Naples Orlando Sacramento Sarasota Tampa Treasure Coast Coming soon in: Indianapolis Charlotte Tampa Treasure Coast Jacksonville Las Vegas Naples Sarasota Ex
Slide 10: Our diverse customer base tends to have strong financial flexibility
Our diverse customer base Mortgage unit product mix tends to have strong financial flexibility VA Jumbo 11% 1% FHA 750 average FICO score 19% Conventional 69% 20% average downpayment Mortgage capture rate $461,000 average loan amount 89% 88% 88% 39% average debt-to-income ratio $181,000 average hous
Slide 11: Strong balance sheet with significant liquidity
Strong balance sheet Senior note maturity schedule ($mm) with significant liquidity $450 $500 $525 • Focused on generating consistent operating cash flow • Substantial liquidity position of $1.6 billion • Conservative use of $1.0 billion unsecured 2026 2027 2028 2029 2030 2031 2032 revolving line of
Slide 12: Since 2020, we have opportunistically repurchased over $1.5 billion of our common stock outstanding
Since 2020, we have opportunistically repurchased over $1.5 billion of our common stock outstanding Share repurchases (in millions) 14.6 9.9 5.6 6.5 2.8 2021 2022 2023 2024 2025 Share repurchases ($mm) $376 $381 $348 $281 $128 2021 2022 2023 2024 2025 12
Slide 13: Land strategy focused on efficiently enhancing scale in prime submarkets
Land strategy focused on Homebuilding lot supply efficiently enhancing scale in prime submarkets 86,153 78,835 75,626 57% • Disciplined strategy focuses on prime land Controlled 54% 51% locations • Returns-focused underwriting guardrails Owned • Emphasis on “core” locations with attractive long-term
Slide 14: Putting buyers in control and simplifying the path to purchase
Putting buyers in control and simplifying the path to purchase Self-service digital tools that simplify decisions, increase transparency and reduce friction. Launched 2020 2021 Q4 2025 Self-service appointment Online reservation system AI-enhanced digital assistant Scheduling + Self-guided tours (av
Slide 15: Yardly Build-to-Rent business
Our growing Build-to-Rent business develops horizontal apartment communities designed to cater to consumers seeking an alternative to traditional multi-family rentals. Nine markets with Yardly operations 40+ Owned & controlled Yardly communities $3B Project banking capacity dedicated to Yardly’s exp
Slide 16: The investment thesis for TMHC
The investment thesis for TMHC Efficiently investing in our core Drive healthy returns and cash flow by Maintain balance sheet strength, support homebuilding operations executing balanced operating strategy growth and drive returns • Diversified portfolio serves homebuyer • Manage sales pace and pri
Slide 17: Appendix
17 Appendix
Slide 18: Historical operating data
Historical operating data Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Q1 2026 Net Sales Orders East 1,295 1,160 1,140 993 4,588 1,391 1,147 1,024 1,019 4,581 1,155 Central 904 815 747 784 3,250 867 731 602 599 2,799 736 West 1,487 1,136 943 844 4,410 1,116 855 842 881 3
Slide 19: Reconciliation of non-GAAP financial measures
Reconciliation of non-GAAP financial measures 19
Slide 20: Reconciliation of non-GAAP financial measures
Reconciliation of non-GAAP financial measures 20
Slide 21: Reconciliation of non-GAAP financial measures
Reconciliation of non-GAAP financial measures In addition to the results reported in accordance with accounting principles generally accepted in the United States ("GAAP"), we provide our investors with supplemental information relating to: (i) adjusted net income and adjusted earnings per common sh
Slide 22: 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