Lgi Homes, Inc. · NASDAQ:LGIH
Lgi Homes — Q1 2025 Earnings Presentation
13 slides from Lgi Homes's earnings presentation, Apr 29, 2025
Slide 1: Investor Presentation First Quarter 2025
INVESTOR PRESENTATION First Quarter 2025
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Forward-Looking Statements This presentation includes statements concerning our expectations, beliefs, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are not historical facts. These statements are “forward-
Slide 3: Q1 2025 Financial Results
Q1 2025 FINANCIAL RESULTS ► Home Closings: 996 ► Home Sales Revenues: $351.4 Million ► Average Sales Price: $352,831 ► Active Ending Communities: 146 ► Average Communities During the Quarter: 148.0 ► Gross Margin: 21.0% ► Adjusted Gross Margin (1): 23.6% ► Pre-Tax Net Income: $5.7 Million ► Net Inco
Slide 4: Historical Operating Results
HISTORICAL OPERATING RESULTS Home Closings (Units) Revenue ($ millions) 10,442 $3,050 9,339 7,690 $2,368 $2,304 $2,359 $2,203 $2,163 6,512 6,621 6,729 5,845 6,028 5,941 $1,838 $1,504 4,163 $1,258 3,404 2,356 $838 $630 $383 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM 2014 2015 2016 201
Slide 5: Historical Margins & Profitability
HISTORICAL MARGINS & PROFITABILITY Gross Margin Percentage (1) (2) Adjusted Gross Margin Percentage (2) (3) 26.8% 26.5% 26.4% 26.8% 28.1% 25.5% 25.3% 25.5% 29.2% 23.7% 23.0% 24.2% 23.8% 28.2% 27.8% 27.8% 26.9% 27.0% 25.8% 27.4% 28.2% 26.3% 26.0% 24.7% 2014 2015 2016 2017 2018 2019 2020 2021 2022 202
Slide 6: Balance Sheet
BALANCE SHEET INVESTING IN FUTURE COMMUNITY COUNT GROWTH December 31, December 31, December 31, December 31, December 31, March 31, ($ in thousands) 2020 2021 2022 2023 2024 2025 ASSETS Cash and Cash Equivalents $ 35,942 $ 50,514 $ 31,998 $ 48,978 $ 53,197 $ 57,600 Accounts Receivable 115,939 57,909
Slide 7: Inventory Management
FOCUS ON THE FUTURE INVENTORY MANAGEMENT (1) (1) (2) Total Lot Inventory (Units) (1) Owned Lot Inventory (Units) Owned Real Estate Inventory ($ Value) Owned 79.3% 5.0% 2.8% 10.4% 20.7% 23.2% 21.3% 67,792 53,761 $3.5 Billion Total Lots 54.7% Owned Lots 24.6% 68.9% 68.2% Raw or Under Development Owned
Slide 8: Appendix
APPENDIX
Slide 9: Historical First Quarter Operating Results
HISTORICAL FIRST QUARTER OPERATING RESULTS QUARTERS ENDED MARCH 31 ST Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025 Home Closings 485 671 844 761 1,244 1,228 1,835 2,561 1,599 1,366 1,083 996 Average Active Communities 27.3 42.7 55.0 66.3 77.0 84.3 1
Slide 10: Historical Annual Operating Results
HISTORICAL ANNUAL OPERATING RESULTS FISCAL YEARS ENDED DECEMBER 31 ST & LAST TWELVE MONTHS ENDED MARCH 31, 2025 (1) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 LTM Home Closings 2,356 3,404 4,163 5,845 6,512 7,690 9,339 10,442 6,621 6,729 6,028 5,941 Avera
Slide 11: Reconciliation of Adjusted Gross Margin (Non-GAAP)
RECONCILIATION OF ADJUSTED GROSS MARGIN (NON-GAAP) QUARTERS ENDED MARCH 31 ST ($ in thousands) Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025 Home Sales Revenues $75,919 $120,690 $162,463 $162,911 $279,024 $287,594 $454,727 $705,953 $546,050 $487,357
Slide 12: Reconciliation of Adjusted Gross Margin (Non-GAAP)
RECONCILIATION OF ADJUSTED GROSS MARGIN (NON-GAAP) FISCAL YEARS ENDED DECEMBER 31 ST & LAST TWELVE MONTHS ENDED MARCH 31, 2025 (1) ($ in thousands) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 LTM Home Sales Revenues $383,268 $630,236 $838,320 $1,257,960 $1
Slide 13: LGI Homes, Inc. Investor Relations
LGI Homes, Inc. Investor Relations 1450 Lake Robbins Drive, Suite 430 The Woodlands, TX 77380 (281) 210-2586 investorrelations@lgihomes.com