Genesis Land Development Corp. · TSX:GDC
Genesis Land Development — Q2 2024 Earnings Presentation
34 slides from Genesis Land Development's earnings presentation, Jul 30, 2024
Slide 1: Corporate Update June 30, 2024
Corporate Update June 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: To dream. To design. To build.
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 Years Acres
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 Hotchkiss Calgary SE Land Holdings ROCKYVIEW COUNTY OMNI/425 LAND AIRDRIE a PARCELS UNDEVELOPED) (ACRES) 645 NW CALGARY _mig
Slide 10: Home Building Division
HOME BUILDING DIVISION ACTIVE IN 13 COMMUNITIES Genesis Communities AIRDRIE 4. Bayside 2. Bayview CALGARY 3. Sage Hill Crest 4. Lewiston 5. Huxley 6. Logan Landing Third-Party Communities CALGARY 7. Homestead 8. Alpine Park 9. Vermilion Hill 10. Silverton 11. Heartwood CHESTERMERE 12. Clearwater Par
Slide 11: Sage Hill Crest Community
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Slide 12: Strategy & Business Plan
STRATEGY & BUSINESS PLAN Simple business model — highly Lor AND focused approach HOME SALES DEVELOPMENT APPROVALS Dividends DIVIDENDS Genesis’ strategy is designed to maximize shareholder value while leveraging opportunities for PROPERTY future growth. FINANCING —————>| _ DEVELOP LAND DEVELOPMENT PA
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: Recent acquisitions
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 East Calgary Acquired 160-acre parcel in SE Calgary Acquired 49% interest in 425 acres in North Conrich — bringing ownership to 1
Slide 18: Executive Team
EXECUTIVE TEAM IAIN STEWART President and CEO BRENDAN MCCASHIN Vice President, Land Development PS SIDHU Sr. Vice President, Home Building ™»\ ARNIE STEFANIUK Vice President, Regional Planning BRIAN WHITWELL Sr. Vice President, Asset Management WAYNE KING Sr. Vice President, Information Systems & Sp
Slide 19: Bayview Community
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Slide 20: Highlights June 30, 2024
HIGHLIGHTS Zune 50, 2024 " Total Assets - $503M " Real Estate Assets - $399M = Net Debt- $94M ses sym’ says TOTAL REVENUES 163,283 90,537 EARNINGS 14,977 4,253 (UNITS) RESIDENTIAL LOT SALES 354 166 HOME SALES 192 129 NEW HOME ORDERS 235 156 OUTSTANDING NEW HOME ORDERS 290 232 ($000's) Jun 30,2024 pe
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 Dune 30, 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 45 1997 - 2029 73 CALGARY LEWISTON 11
Slide 24: Map of Core Land Holdings
Ne) MAP OF CORE —_ LAND HOLDINGS ae... June 20, 2024 : GENESIS | CORPORATE UPDATE iN) =
Slide 25: Bayside & Bayview, Airdrie
BAYSIDE & BAYVIEW Airdrie DEVELOPMENT TIMELINE = Servicing started in 1997 = 647 acres serviced (including Canals) = Target completion in 2029 = Currently developing: * Bayview Phase 3 CURRENT INVENTORY = 265 single family lots = 8 townhomes = 1 multi-family site (3.4 acres) = 73 acres of undevelope
Slide 26: Huxley, E Calgary
HUXLEY © Calgary DEVELOPMENT TIMELINE = Acquired in 2021 = Servicing commenced in 2023 = Target completion in 2035 CURRENT INVENTORY = 161 acres of undeveloped land = Will deliver 1,378 homes when fully developed on = = =i 7 E) ——s 3 TT) GENESIS | CORPORATE UPDATE Ny oo
Slide 27: Lewiston, N Calgary
LEWISTON Calgary DEVELOPMENT TIMELINE = Acquired in 2021 = Servicing commenced in 2020 = Target completion in 2031 CURRENT INVENTORY = 111 acres of undeveloped land = Will deliver 768 homes and 7 acres of multi-family and commercial parcels when *| fully developed GENESIS | CORPORATE UPDATE N ~~
Slide 28: Logan Landing, SE Calgary
LOGAN LANDING 9& Calgary DEVELOPMENT TIMELINE = Acquired in 2014 = Servicing commenced in 2023 " Target completion in 2034 CURRENT INVENTORY = 354 acres of undeveloped land = Will deliver 1,606 homes and 10 acres of multi-family and commercial parcels when completed GENESIS | CORPORATE UPDATE yp co
Slide 29: Sage Hill Crest, NW Calgary
SAGE HILL CREST Mi Calgary DEVELOPMENT TIMELINE = Servicing commenced in 2020 = Target completion in 2025 CURRENT INVENTORY * 16 single family lots = 7 acres of serviced commercial site GENESIS | CORPORATE UPDATE 29
Slide 30: Hotchkiss, SE Calgary
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 GENESIS | CORPORATE UPDATE ro) =)
Slide 31: SE Calgary
SE Calgary ▪ ▪ ▪ ▪ Calgary SE Land Holding ▪ ▪
Slide 32: OMNI, Rocky View County
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 INFORMAT IAIN STEWART, CPA, CA if President and Chief Executive Officer 0 ‘= ROBiS! IN, CPA; CA Pz Chief Financia Officer Ir rs 6240, 333 - 96 Avenue NE // Calgary, i 0 b> N aN | & , GENESIS |
Genesis Land Development — Q2 2024 Earnings Presentation on 6ix