Century Communities, Inc. · NYSE:CCS
Century Communities — Investor Presentation (December 2014)
20 slides from Century Communities's investor presentation, Dec 2, 2014
Slide 1: Century Communities Investor Presentation December 2014
CENTURY COMMUNITIES Investor Presentation December 2014
Slide 2: Safe Harbor
CENTURY COMMUNITIES Safe Harbor Certain statements in this presentation may be regarded as “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Certain forward-looking statements discuss the Company’s plans, strategies and intentions, a
Slide 3: Seasoned and Aligned Management Team
CENTURY COMMUNITIES Seasoned and Aligned Management Team Dale Francescon Chairman & Co-Chief Executive Officer Robert Francescon Co-Chief Executive Officer & President Co-founded Century and served as Co-CEOs since 2002. Since then, Century has become a Top-50 U.S. Builder(1) Own a combined 27% of t
Slide 4: Premier Homebuilder Focused On Markets With Exceptional Growth Potential
CENTURY COMMUNITIES Premier Homebuilder Focused On Markets With Exceptional Growth Potential Top-50 U.S. homebuilder(1) Top-five fastest growing homebuilder by revenue(2) Top-25 U.S. homebuilder(3) based on the inclusion of recent acquisition activity. Profitable every year since founding in 2002 At
Slide 5: Investment Highlights
CENTURY COMMUNITIES Investment Highlights Cycle-Tested and Aligned Management Team Diversified Operating Strategy Strong and Growing Geographical Footprint Attractive Land Positions Capacity To Execute Growth Strategy Proven and Profitable Results 5
Slide 6: Cycle-Tested Management Team Executing Growth Strategy
CENTURY COMMUNITIES Cycle-Tested Management Team Executing Growth Strategy Demonstrated long term track record of profitability through multiple housing cycles 2002 Century formed 2009 Began purchasing opportunistic land 2012 Expansion into Fort Collins, CO 2013 Raised $241.5 mm of 144A equity 2014
Slide 7: Diversified Operating Strategy
CENTURY COMMUNITIES Diversified Operating Strategy Best-in-class diversified product offering targeting wide range of customer demographics Diverse & Growing Economies Focus on metros with robust economic, job, and population growth Markets characterized by strong demand, constrained supply, and hea
Slide 8: Strong and Growing Geographic Footprint in Attractive Markets
CENTURY COMMUNITIES Strong and Growing Geographic Footprint in Attractive Markets Four states, eight active MSAs, 143 total communities, significant U.S. expansion opportunity Northern Colorado Lots Owned(1): 158 Lots Controlled(1): 433 Population (000s)(3): 316 Median Income ($000)(3): $58.1 Prj. I
Slide 9: Focused on Markets with Attractive Growth Prospects
CENTURY COMMUNITIES Focused on Markets with Attractive Growth Prospects Target markets with diverse economic / employment bases and demographics as well as increasing populations Denver(1) Austin(2) Houston Las Vegas Atlanta Owned Lots(3) 3,294 891 180 1,715 530 Controlled Lots(3) 1,646 1,342 352 29
Slide 10: Jimmy Jacobs Homes Acquisition – September 2013
CENTURY COMMUNITIES Jimmy Jacobs Homes Acquisition – September 2013 Established and highly capable local team in the Central Texas market Acquired Jimmy Jacobs Homes (“JJH”), a leading, well-recognized private homebuilder in the Austin and San Antonio, TX markets, for a purchase price of approximate
Slide 11: Las Vegas Land Holdings Acquisition – April 2014
CENTURY COMMUNITIES Las Vegas Land Holdings Acquisition – April 2014 Robust operation and platform in the rebounding Las Vegas market Acquired LVLH, a private Las Vegas homebuilder and land developer, for $165 million on April 1, 2014 LVLH builds a range of products that target first and second time
Slide 12: Grand View Builders Acquisition – August 2014
CENTURY COMMUNITIES Grand View Builders Acquisition – August 2014 Established local team in the expansive and growing Houston market Acquired Grand View Builders, Grand View Builders Custom Homes and SWMJ Construction, collectively, “Grand View”, for a purchase price of approximately $14 million Gra
Slide 13: Peachtree Communities Acquisition – November 2014
CENTURY COMMUNITIES Peachtree Communities Acquisition – November 2014 Established strategic footprint in the growing Southeast with the acquisition of #2 Atlanta builder Acquired Peachtree Communities for a purchase price of approximately $55 million Provided significant foothold in an area that is
Slide 14: Strong Lot Inventory With Land Sourcing and Evaluating Capabilities
CENTURY COMMUNITIES Strong Lot Inventory With land Sourcing and Evaluating Capabilities Holds ample supply of land and will continue to target well-located lots in various stages of development Evaluate land opportunities based on contribution to overall profitability Ability to take land through en
Slide 15: Capacity to Execute Growth Strategy
CENTURY COMMUNITIES Capacity to Execute Growth Strategy $221.7 million of liquidity(1) $101.7 million cash balance as of September 30, 2014 $120 million revolving credit facility Pro forma liquidity of $166.7 million adjusting for the Peachtree Communities acquisition with a purchase price of $55 mi
Slide 16: Strengthened Backlog Positions Company to Execute Growth Strategy
CENTURY COMMUNITIES Strengthened Backlog Positions Company to Execute Growth Strategy Rapidly growing backlog reflects continued new community openings in existing markets and expansion into new markets Backlog Homes(1) 222 256 394 472 840 4Q2013 1Q2014 2Q2014 3Q2014 3Q2014 Pro Forma Peachtree Backl
Slide 17: Investment Highlights
CENTURY COMMUNITIES Investment Highlights Cycle-Tested and Aligned Management Team Diversified Operating Strategy Strong and Growing Geographical Footprint Attractive Land Positions Capacity To Execute Growth Strategy Proven and Profitable Results 17
Slide 18: Appendix – Historical Financials
CENTURY COMMUNITIES Appendix – Historical Financials
Slide 19: Historical Financials And EBITDA Reconciliation
CENTURY COMMUNITIES Historical Financials And EBITDA Reconciliation $ 000s except per unit data Quarter ended September 30, Nine Months ended September 30, Year ended December 31, 2014 2013 2014 2013 2013 2012 Home and land sales revenue $90,735 $41,494 $217,734 $107,502 $171,133 $96,030 Cost of hom
Slide 20: Communities
CENTURY COMMUNITIES CENTURY COMMUNITIES
Century Communities — Investor Presentation (December 2014) on 6ix