Slide 1: Corporate Update
CORPORATE UPDATE JUNE 30, 2022 GENESIS LAND DEVELOPMENT CORP.
Slide 2: Advisories – Forward-Looking Statements
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: Genesis Delivers
GENESIS DELIVERS ONE OF WESTERN CANADA’S P R E E M I N E N T I N T E G R AT E D D E V E L O P M E N T C O M PAN I E S • 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, en
Slide 5: A Strong Foundation to Build On
A STRONG FOUNDATION TO BUILD ON • Proven record of adding value and developing raw land into thriving communities • Focus on Calgary region and integrated land and building enables us to be close to market • Public company with strong supportive shareholders • 21 years of consecutive profits • Conse
Slide 6: Genesis At-A-Glance
GENESIS AT-A-GLANCE $275M 30 15+ 10,000 in real YEARS YEARS FAMILIES + estate assets of land development of home building Over 1,300 acres experience (1991) experience (2005) developed in 9 residential communities 1,796 $6M 21 $67M ACRES net debt YEARS OF returned to land holdings $12M cash consecut
Slide 7: Strategy & Business Plan
STRATEGY & Annual AT- A - G L A N C E O V E RV I E W Dividends LOT AND DIVIDENDS ACQUISITION HOME BUSINESS SALES PLAN H I G H LY F O C U S E D APPROACH Genesis’ strategy is carefully and thoughtfully Repay Finance designed to maximize shareholder value while leveraging opportunities for future growt
Slide 8: Executive Team and Board of Directors
EXECUTIVE TEAM BOARD OF DIRECTORS Stephen J. Griggs Chair Steven Glover Lead Director IAIN STEWART WAYNE KING ARNIE BRENDAN PS SIDHU BRIAN WHITWELL Mark W. Mitchell STEFANIUK MCCASHIN Director President and CEO Chief Financial Vice President, Vice President, Vice President, Vice President, Officer R
Slide 9: Focused on the Calgary Metropolitan Area (CMA)
FOCUSED ON THE CALGARY METROPOLITAN AREA (CMA) G E N E S I S AD VAN TAG E : • Positioned to anticipate local market conditions and develop communities based on consumer needs • First in-the-know about current and upcoming acquisition opportunities - can act quickly on potential land investments • Ex
Slide 10: Land Summary
LAND SUMMARY LAND PARCELS SERVICED FUTURE PARCELS SF LOTS SF LOTS (ACRES) AIRDRIE Bayside, Bayview 62 1,112 11 CALGARY NW Sage Meadows - - 8 CALGARY NW Sage Hill Crest 52 153 26 CALGARY N Lewiston - 915 7 CALGARY NE Saddlestone 13 - - Huxley (Belvedere) - 1,433 - CALGARY SE Logan Landing - 1,587 10
Slide 11: Home Building Division Active in Many Communities
HOME BUILDING DIVISION ACTIVE IN MANY 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 11
Slide 12: Strong Operating Results
STRONG OPERATING RESULTS • 21 consecutive years of positive net earnings • 2017 - 2021 cumulative results: - $514M total revenues - $122M in cash flows from operating activities - $34M net earnings • 2021 highlights: - $110M in revenues - $11M in net earnings (after $4.3M reversal of write-down) D R
Slide 13: Recent Acquisitions
RECENT ACQUISITIONS 2 0 1 4 – L O G AN L AN D I N G • Acquired 354 acre parcel in SE Calgary 2 0 1 9 – L E W I S TO N AN D PAR T N E R S H I P I•NAcquired T E R E S TS 134 acre parcel in North Calgary • Homestead - 5% interest and lot purchase rights • Vermilion Hill – 8% Interest and lot purchase r
Slide 14: Highlights June 30, 2022
($000’S) 6 MONTHS 12 MONTHS ENDED JUNE 30, 2022 ENDED DEC. 31, 2021 TOTAL REVENUES 42,590 109,761 CASH FLOWS (USED IN) FROM OPERATING (39,333) 2,388 ACTIVITIES (UNITS) HIGHLIGHTS RESIDENTIAL LOT SALES 56 247 JUNE 30, 2022 HOME SALES 67 191 NEW HOME ORDERS 198 249 • Total Assets - $323M OUTSTANDING N
Slide 15: Positioned to Thrive
POSITIONED TO THRIVE B U I L D I NG O N O U R S U C C E S S E S 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 • New acquisitions D R E A M . D E
Slide 16: Appendix – Core Land Holdings
APPENDIX C O R E L AN 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 16
Slide 17: Core Land Holdings
TARGETED UNDEVELOPED DEVELOPMENT COMMUNITY ACRES TIMEFRAME AIRDRIE BAYSIDE 70 1997 - 2028 BAYVIEW 116 1997 - 2028 186 CALGARY SADDLESTONE - 2010 - 2022 SAGE HILL CREST/ SAGE CORE LAND MEADOWS LEWISTON 31 134 2010 – 2026 2021 – 2032 HOLDINGS HUXLEY (BELVEDERE) 157 2023 – 2031 JUNE 30, 2022 LOGAN LAND
Slide 18: Map of Core Land Holdings
MAP OF CORE LAND HOLDINGS JUNE 30, 2022 D R E A M . D E S I G N . B U I L D (1) Owns 51% and manages development 18
Slide 19: Bayside & Bayview Airdrie
CORE LAND HOLDINGS BAYSIDE & BAYVIEW AIRDRIE D E V E L O P M E N T T I M E LI 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 20: Saddlestone NE Calgary
CORE LAND HOLDINGS SADDLESTONE NE CALGARY D E V E L O P M E N T T I M E LI N E • 480 acres serviced • Target completion in 2022 • Commenced in 2010 C U R R E N T I N V E N TO RY • 13 single family lots G E N E S I S L A N D . C O M 20 G E N E S I S L A N D . C O M
Slide 21: Huxley (Belvedere) NE Calgary
CORE LAND HOLDINGS HUXLEY (BELVEDERE) NE CALGARY D E V E L O P M E N T T I M E LI 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 22: Lewiston N Calgary
CORE LAND HOLDINGS LEWISTON N CALGARY D E V E L O P M E N T T I M E LI 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 when fully developed G E N E S I S L A N D . C O M 2
Slide 23: Sage Meadows NW Calgary
CORE LAND HOLDINGS SAGE MEADOWS NW CALGARY D E V E L O P M E N T T I M E LI N E • Servicing started in 2010 • 374 acres serviced • 252 acres sold after obtaining land use • Target completion in 2022 C U R R E N T I N V E N TO RY • 8 acres of multi-family land G E N E S I S L A N D . C O M 23 G E N E
Slide 24: Sage Hill Crest NW Calgary
CORE LAND HOLDINGS SAGE HILL CREST NW CALGARY D E V E L O PM E N T T I M E LI N E • Servicing started in 2021 • Target completion in 2026 • Currently developing: o Sage Hill Crest Phases 10 and 11 C U R R E N T I N V E N TO RY • 52 single family lots • 11 acres of serviced commercial sites • 4 acre
Slide 25: Logan Landing SE Calgary
CORE LAND HOLDINGS LOGAN LANDING SE CALGARY D E V E L O P M E N T T I M E LI 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 commerci
Slide 26: South Shepard SE Calgary
CORE LAND HOLDINGS SOUTH SHEPARD SE CALGARY D E V E L O P M E N T T I M E LI 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 comm
Slide 27: OMNI Rocky View County
CORE LAND HOLDINGS OMNI ROCKY VIEW COUNTY D E V E L O P M E N T T I M E LI 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 51.2% undivided interest in the land and manages the development of the pro
Slide 28: 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 approval) • Genesis owns 100% undivided interest in the land and recently purchased 49% from partners G E N E S I S L A N D . C O M 28 G E N E S I S L A N D . C O M
Slide 29: 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 29