Century Communities, Inc. · NYSE:CCS
Century Communities — Investor Presentation (May 2019)
17 slides from Century Communities's investor presentation, May 15, 2019
Slide 1: Investor Presentation | May 2019
Investor Presentation | May 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this Investor 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 intention
Slide 3: Company overview
Company overview Source: Company filingsBased on LTM closings as of 3/31/2019Market reportable segments are defined as follows: West (California and Washington), Mountain (Colorado, Nevada and Utah), Texas, Southeast (Georgia, North Carolina, South Carolina and Tennessee), and Wade Jurney (Alabama,
Slide 4: Key Investment Highlights
Key INVESTMENT Highlights Successful History of M&A and Integration Returns Focused Business Model Geographically Diverse Top-10 U.S. Builder Consistent Track Record of Profitable Growth Attractive Entry Level Buyer Focus Strong Balance Sheet to Execute Growth Strong Performance Across Financial Met
Slide 5: Seasoned & Cycle Tested Management Team
SEASONED & CYCLE TESTED management TEAM DALE FRANCESCONCHAIRMAN AND CO-CHIEF EXECUTIVE OFFICER Co-Founder of CCS Co-Largest Shareholder 25+ years of homebuilding experience ROBERT FRANCESCONPRESIDENT AND CO-CHIEF EXECUTIVE OFFICER Co-Founder of CCS Co-Largest Shareholder 25+ years of homebuilding ex
Slide 6: Track record of profitable growth
Founded in 2002 by Dale and Rob Francescon Aligned with shareholders with ~13.5% ownership of CCSProfitable every year since founding – 16 consecutive years, including through the most recent economic downturnSuccessfully executed numerous equity and debt capital raises, with a commitment to maintai
Slide 7: Successful History of M&A and Integration
Successful HISTORY of M&A and integration 2014 2015 2014 Completed 7 acquisitions since 2012, adding 14 states and more than 34,000 total lots Consistently target markets with sound economic and buyer profiles History of buying at right time, location and priceDemonstrated ability to successfully in
Slide 8: Attractive Entry-Level Buyer Focus
attractive entry-level buyer focus Broadly targeted customers: First time homebuyers, first and second move-up buyers, and lifestyle buyersDiversified product offering – 64% within FHA limits1Customizable product offeringTraditional model home sales structureIncludes Century Complete business line:D
Slide 9: Diversified Top U.S. Builder with a National Footprint
Diversified Top 10 U.S. Builder with a national footprint across attractive Markets Includes operations of Century Communities and Wade Jurney Homes for the period presented. Century Communities Brand Century & Wade Jurney Homes Brands Wade Jurney Homes Brand March 31, 2019 15 states27 markets37,932
Slide 10: Strong Performance Across Financial Metrics
STRONG PERFORMANCE ACROSS FINANCIAL METRICS 3 months 1Q’19 (YOY comparison) Full year 2018 (YOY comparison) Reflects company’s expansion into entry-level homesBased on monthly net new orders divided by number of selling communities at period end Home Sales Revenue 33% increase in revenue 50% increas
Slide 11: Consistent Track Record of Profitable Growth
Consistent TRACK Record OF Profitable growth TOTAL REVENUE ($MM) +529% HOME DELIVERIES +552% ADJUSTED PRETAX INCOME ($MM) +316% NET HOME CONTRACTS +489% TOTAL BACKLOG HOMES +208% ADJUSTED EBITDA ($MM) +451% See Adjusted pretax income and EBITDA reconciliations on page 17 of this Investor Presentatio
Slide 12: Returns Focused Business Model
Returns Focused Business Model Established operations producing strong homebuilding growth, margins and returns on equity in excess of peers45% of lots controlled accelerates scale while preserving financial flexibility to deploy additional capital at attractive returnsFast absorbing projects with a
Slide 13: Driving Shareholder Returns Above Peers
Driving shareholder Returns above peers +63% S&P 500 +43% SMID Cap Builders(1)+33% (1)SMID Cap Builders’ include MHO, NWHM, WLH, KBH, MDC, MTH, TMHC, and TPH.Note: Indexed Price Performance (Price Indexed to 0); Performance measured from 5/06/2016 through 5/06/2019
Slide 14: Strong Balance Sheet with Capacity to Execute Growth Strategy
Strong balance sheet with Capacity to Execute Growth Strategy In 2018, upgraded by both S&P (B+) and Moody’s (B2)1Significant liquidity position ($416mm)$400mm senior unsecured notes5.875%/July 2025$500mm senior unsecured notes-Issued May 20196.75%/June 2027$640mm unsecured revolving line of creditA
Slide 15: Key Investment Highlights
Key INVESTMENT Highlights Successful History of M&A and Integration Returns Focused Business Model Geographically Diverse Top-10 U.S. Builder Consistent Track Record of Profitable Growth Attractive Entry Level Buyer Focus Strong Balance Sheet to Execute Growth Strong Performance Across Financial Met
Slide 16: Regional Information
Regional Information As of 3/31/19 2,376Homes 37,932 Lots $718mm Value Total lots Lot inventory Backlog value Backlog homes
Slide 17: Historical Financials
Historical Financials Purchase price accounting for acquired work in process inventory
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