Dream Finders Homes, Inc. · NYSE:DFH
Dream Finders Homes — Merger or Acquisition (July 2026)
10 slides from Dream Finders Homes's merger presentation, July 2026
Slide 1: Revised Proposal to Acquire Beazer Homes
July 2026 Revised Proposal to Acquire Beazer Homes and Deliver Immediate, Compelling Value for Beazer Homes Shareholders
Slide 2: Revised All-Cash Proposal to Acquire Beazer Homes for $32.00 Per Share
Dream Finders Homes Announces Revised All-Cash Proposal to Acquire Beazer Homes for $32.00 Per Share, 70% Premium to its Undisturbed Share Price Note: Undisturbed price of $18.77, as of 8-May-2026. 2
Slide 3: Letter to Beazer Homes Shareholders
Dear Fellow Beazer Homes (“BZH”) Shareholders, As a testament to our commitment and belief in the strategic merits of a combination of Dream Finders Homes (“DFH”) and Beazer Homes, I am pleased to inform you that we submitted an improved all-cash offer of $32.00 per share to the board of directors o
Slide 4: $32.00 Per Share All-Cash Offer Reflects Substantial Value to BZH's Shareholders
$32.00 Per Share All-Cash Offer Reflects Substantial Value to BZH’s Shareholders Significant Deal Confidence Our $32.00 Offer Price Delivers an Attractive Premium Jun 30, 2026 Offer May 5, 2026 Offer Improved Offer Price Per Share $32.00 70% Increase from May 5, 2026 Offer 24 % 56% Consideration All
Slide 5: DFH Has Offered a Highly Compelling Proposal to Acquire BZH
DFH Has Offered a Highly Compelling Proposal to Acquire BZH ✓ A Combination of DFH and BZH would create the seventh largest U.S. Homebuilder with complementary footprint ✓ Complementary product positioning across entry level and move up level, improving margin mix and reduces cycle time ✓ Meaningful
Slide 6: Despite Numerous Attempts, BZH Has Not Engaged, Now Conditioning on 12-Month Standstill
Despite Numerous Attempts, BZH Has Not Engaged, Now Conditioning Any Engagement on a 12-Month Standstill 29-Jun-2026 11-May-2026 8-Jul-2026 19-Feb-2026 20-Mar-2026 BZH informed DFH of DFH made 3rd DFH made 5th BZH rejected BZH rejected its refusal to engage letter public; letter public after DFH’s 1
Slide 7: BZH Has Persistently Underperformed its Peers; Lacks Credible Path Forward
BZH Has Persistently Underperformed its Peers; Lacks Credible Path Forward Long-term underperformance relative to peers Price Performance Only public homebuilder reporting two consecutive quarters of operating losses as 1000% Performance Through Unaffected Since of the second quarter 2026 08-May
Slide 8: BZH Shareholders Can Achieve Liquidity in an All-Cash Deal
BZH Shareholders Can Achieve Liquidity in an All-Cash Deal That Maximizes Shareholder Value Attractive Premium Financing Ready to Engage Commitment to Close $32.00 All-Cash Offer Letters from Financial We Urge BZH’s Board and DFH is Fully Committed to 70% Premium1 Institutions Confirming Management
Slide 9: About Dream Finders Homes
About Dream Finders Homes Dream Finders Homes (NYSE: DFH), headquartered in Jacksonville, Florida, was recognized as the 2025 National Builder of the Year by Builder magazine. Dream Finders Homes builds single- family homes throughout the Southeast, Mid-Atlantic and Midwest, including Florida, Texas
Slide 10: Additional Information And Where to Find It
Additional Information And Where to Find It Forward-Looking Statements This presentation, and other written or oral statements made from time to time by management contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate”, “believ
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