Genesis Land Development Corp. · TSX:GDC
Genesis Land Development — Corporate Update (September 2022)
35 slides from Genesis Land Development's corporate update, Sep 30, 2022
Slide 1: Corporate Update
CORPORATE UPDATE SEPTEMBER 30, 2022 GENESIS LAND DEVELOPMENT CORP.
Slide 2: Advisories
ADVISORIES FORWARD-LOOKING STATEMENTS This presentation may contain certain statements which constitute forward-looking statements or information within the meaning of applicable securities laws concerning the business, operations and financial performance and condition of Genesis. Generally, these
Slide 3: A proven record of acquiring raw land in the Calgary area
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. D R E A M . D E S I G N . B U I L D 3
Slide 4: Overview
OVERVIEW GENESIS D R E A M . D E S I G N . B U I L D 4
Slide 5: Genesis
GENESIS ONE OF WESTERN CANADA’S P R E E M I N E N T I N T EG R AT E D D E V E LO P M E N T CO M PA N I ES • Genesis Land Development Corp. (TSX: GDC) has been developing lands and building homes in the Calgary Metropolitan Area (CMA) since 1991 • Significant portfolio of well-located, entitled and u
Slide 6: A Strong Foundation
A STRONG FOUNDATION • Proven record of adding value and developing raw land into thriving communities • Focus on Calgary region • Public company with strong supportive shareholders • 21 years of consecutive profits • Conservative balance sheet and ready access to financing • Building partnerships D
Slide 7: Genesis At-a-Glance
GENESIS AT-A-GLANCE $282M 30 15+ 10,000 in real YEARS YEARS FAMILIES + estate assets of land development of home building Over 1,300 acres • $89M acquired since 2019 experience (1991) experience (2005) developed in 9 residential communities 1,796 $22M 21 $71M ACRES net debt YEARS OF returned to land
Slide 8: Land Summary
LAND SUMMARY LAND SERVICED FUTURE PARCELS TOTAL SF LOTS SF LOTS (ACRES) ACREAGE AIRDRIE Bayside, Bayview 54 1,112 11 186 CALGARY NW Sage Meadows - - 5 Sage Hill Crest 84 60 23 28 CALGARY N Lewiston - 915 7 134 CALGARY NE Saddlestone 8 - - - Huxley (Belvedere) - 1,433 - 157 CALGARY SE Logan Landing -
Slide 9: Home Building Division Active in Ten Communities
HOME BUILDING DIVISION ACTIVE IN TEN COMMUNITIES Genesis Communities Airdrie Bayside Canals – Newport Bayview Calgary Sage Hill Crest Third-Party Communities Calgary Homestead Alpine Park Vermilion Hill Silverton Chestermere Clearwater Park Cochrane Fireside D R E A M . D E S I G N . B U I L D 9
Slide 10: Strategy / Team
STRATEGY/ TEAM D R E A M . D E S I G N . B U I L D 10
Slide 11: Strategy & Business Plan
AT - A - G L A N C E OV E R V I E W STRATEGY & BUSINESS PLAN S I M P L E B U S I N E S S M O D E L - H I G H LY F O C U S E D A P P R O AC H Genesis’ strategy is carefully and thoughtfully designed to maximize shareholder value while leveraging opportunities for future growth. D R E A M . D E S I G
Slide 12: Focused on the Calgary Metropolitan Area (CMA)
FOCUSED ON THE CALGARY METROPOLITAN AREA (CMA) G E N E S I S A DVA N TAGE : • Market knowledge and awareness • First in-the-know about acquisition opportunities • Experienced in navigating the complex approval process • Builds quality production homes • Attracts and works with quality home building
Slide 13: Executive Team and Board of Directors
EXECUTIVE TEAM BOARD OF DIRECTORS Stephen J. Griggs Chair Steven Glover Lead Director IAIN STEWART WAYNE KING ARNIE STEFANIUK BRENDAN MCCASHIN PS SIDHU BRIAN WHITWELL Mark W. Mitchell Director President and CEO Chief Financial Officer Vice President, Vice President, Sr. Vice President, Sr. Vice Pres
Slide 14: Growth
GROWTH D R E A M . D E S I G N . B U I L D 14
Slide 15: Growth Model: Land
GROWTH MODEL LAND • Reinvest cash surfaced from operations • Strict adherence to predetermined acquisition parameters • Acquire well positioned land - Preferably with Area Structure Plan in place • Finalize approvals • Bring in builder partners • Develop, sell – realize cash D R E A M . D E S I G N
Slide 16: Growth Model: Housing
GROWTH MODEL HOUSING • Participate in all Genesis communities • Participate in third party communities • Continue to increase volumes • Focus – production builder in CMA D R E A M . D E S I G N . B U I L D 16 16
Slide 17: Growth
GROWTH SEPTEMBER 30, 2022 Housing • Active in 10 communities • 2022 (September) home sales closings – 112 - 2021 (December) – 191 • New Home Orders – 202 Land • Three “quarter” sections acquired in last four years ($89M) • Net acreage over 450 acres • Burn rate = 40-50 acres per annum D R E A M . D
Slide 18: Recent Acquisitions
RECENT ACQUISITIONS 2 0 1 4 – LO G A N L A N D I N G • Acquired 354 acre parcel in SE Calgary 2 0 1 9 – L E W I STO N A N D PA R T N E RSH I P I N T E R E ST S • Acquired 134 acre parcel in North Calgary • Homestead - 5% interest and lot purchase rights • Vermilion Hill – 8% interest and lot purchas
Slide 19: Financial
FINANCIAL D R E A M . D E S I G N . B U I L D 19
Slide 20: Highlights
($000’S) 9 MONTHS 12 MONTHS ENDED SEPT 30, 2022 ENDED DEC. 31, 2021 TOTAL REVENUES 86,200 109,761 EARNINGS 1,458 10,877 (UNITS) HIGHLIGHTS RESIDENTIAL LOT SALES HOME SALES 130 112 247 191 SEPTEMBER 30, 2022 NEW HOME ORDERS 202 249 OUTSTANDING NEW HOME • Total Assets - $339M 231 141 ORDERS • Real Est
Slide 21: Positioned to Thrive
POSITIONED TO THRIVE B U I L D I N G O N O U R S U C C E S S ES W I T H : • Proven track record • Well-located core land holdings • Highly experienced management team • An integrated, focused strategy • Strong financial position • Able to adapt to market conditions • Acquisitions/growth D R E A M .
Slide 22: Appendix: Core Holdings
APPENDIX CO R E L A N D H O L D I N G S D R E A M . D E S I G N . B U I L D 22
Slide 23: Core Land Holdings
TARGETED DEVELOPMENT COMMUNITY UNDEVELOPED ACRES TIMEFRAME AIRDRIE BAYSIDE 70 1997 - 2028 BAYVIEW 116 1997 - 2028 186 CALGARY SADDLESTONE - 2010 - 2022 CORE LAND SAGE HILL CREST/ SAGE MEADOWS LEWISTON 31 134 2010 – 2026 2021 – 2032 HOLDINGS HUXLEY (BELVEDERE) 157 2023 – 2031 SEPTEMBER 30, 2022 LOGAN
Slide 24: Map of Core Land Holdings
MAP OF CORE LAND HOLDINGS SEPTEMBER 30, 2022 D R E A M . D E S I G N . B U I L D (1) Owns 51% and manages development 24
Slide 25: Bayside & Bayview, Airdrie
CORE LAND HOLDINGS BAYSIDE & BAYVIEW AIRDRIE D E V E LO P M E N T T I M E L I N E • Servicing started in 1997 • 512 acres serviced • 319 acres of raw land sold after annexation • Target completion in 2028 • Currently developing: o Bayview Phases 2 and 4 o Bayside Phases 12 and 14 C U R R E N T I N V
Slide 26: Saddlestone, NE Calgary
CORE LAND HOLDINGS SADDLESTONE NE CALGARY D E V E LO P M E N T T I M E L I N E • 480 acres serviced • Target completion in 2023 • Commenced in 2010 C U R R E N T I N V E N TO RY • 8 single family lots G E N E S I S L A N D . C O M 26 G E N E S I S L A N D . C O M
Slide 27: Huxley (Belvedere), NE Calgary
CORE LAND HOLDINGS HUXLEY (BELVEDERE) NE CALGARY D E V E LO P M E N T T I M E L I N E • Acquired in 2021 • Target start date for servicing 2023 • Target completion in 2031 C U R R E N T I N V E N TO RY • 157 acres of undeveloped land • Will deliver 1,433 homes when fully developed G E N E S I S L A
Slide 28: Lewiston, N Calgary
CORE LAND HOLDINGS LEWISTON N CALGARY D E V E LO P M E N T T I M E L I N E • Acquired in 2019 • Target start date for servicing 2023 • Target completion in 2030 C U R R E N T I N V E N TO RY • 134 acres of undeveloped land • Will deliver 915 homes and 7 acres of multi-family and commercial parcels w
Slide 29: Sage Meadows, NW Calgary
CORE LAND HOLDINGS SAGE MEADOWS NW CALGARY D E V E LO P M E N T T I M E L I N E • Servicing started in 2010 • 374 acres serviced • 252 acres sold after obtaining land use • Completed in 2022 C U R R E N T I N V E N TO RY • 5 acres of multi-family land G E N E S I S L A N D . C O M 29 G E N E S I S L
Slide 30: Sage Hill Crest, NW Calgary
CORE LAND HOLDINGS SAGE HILL CREST NW CALGARY D E V E LO P M E NT T I M E L I NE • Servicing started in 2021 • Target completion in 2026 • Currently developing: o Sage Hill Crest Phase 11 C U R R E N T I N V E N TO RY • 84 single family lots • 11 acres of serviced commercial sites • 12 acres of serv
Slide 31: Logan Landing, SE Calgary
CORE LAND HOLDINGS LOGAN LANDING SE CALGARY D E V E LO P M E N T T I M E L I N E • Acquired in 2014 • Target start year for servicing of 2023 • Target completion in 2035 C U R R E N T I N V E N TO RY • 354 acres of undeveloped land • Will deliver 1,587 homes and 10 acres of multi- family and commerc
Slide 32: Hotchkiss, SE Calgary
CORE LAND HOLDINGS HOTCHKISS SE CALGARY D E V E LO P M E N T T I M E L I N E • To be acquired in 2025 • Target start year for servicing of 2027 • Target completion in 2037 C U R R E N T I N V E N TO RY • 159 acres of undeveloped land • Will deliver 849 homes and 8 acres of multi- family and commerci
Slide 33: OMNI, Rocky View County
CORE LAND HOLDINGS OMNI ROCKY VIEW COUNTY D E V E LO P M E N T T I M E L I N E • Target start year for servicing: 2025 • Target completion: 2040 C U R R E N T I N V E N TO RY • 185 acres future commercial site • Genesis owns a 59.4% undivided interest in the land and manages the development of the p
Slide 34: The 425, Rocky View County
CORE LAND HOLDINGS THE 425 ROCKY VIEW COUNTY C U R R E N T I N V E N TO RY • 425 acres of future development land (currently seeking land use approvals) • Genesis owns 100% of the property having recently purchased 49% from joint venture partners G E N E S I S L A N D . C O M 34 G E N E S I S L A N
Slide 35: Contact Information
CONTACT INFORMATION GENESIS LAND D E V E L O P M E N T C O R P. IAIN STEWART, CPA, CA President and Chief Executive Officer WAYNE KING, CPA, CA Chief Financial Officer 403-265-8079 // 1-800-341-7211 genesis@genesisland.com // www.genesisland.com 6240, 333 – 96 Avenue NE Calgary, AB T2E 8A2 35
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