Century Communities, Inc. · NYSE:CCS
Century Communities — Investor Presentation (June 2021)
25 slides from Century Communities's investor presentation, Jun 8, 2021
Slide 1: Investor Presentation June 2021
CENTURY ill | lin COMMUNITIES Investor Presentation JUNE 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements mL 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 intent
Slide 3: A Home for Every Dream
A HOME FOR EVERY DREAM" We deliver our customers high-quality, beautiful homes at an affordable price while driving long-term shareholder value creation.
Slide 4: 2Q Performance Update
2Q Performance Update’ alin INITIATION OF $0.15 PER SHARE QUARTERLY CASH DIVIDEND * $0.60 per share on an annualized basis CONTINUED EXPANSION INTO HIGH-GROWTH MARKETS Century Communities & Century Complete enter Dallas/Fort Worth market ° Century Complete enters Louisville, KY market NEW $800 MILLI
Slide 5: Who We Are
Who We Are Top 10 U.S. Homebuilder 9" largest homebuilder (2019 - 2021) #1 fastest-growing public builder 3 years in a row (2017 - 2019) $3.6 Billion in Total Revenues and 10,386" homes delivered 80% of Deliveries are Entry-Level Buyers? One-stop Homebuying Our financial services business provides m
Slide 6: Two Complementary Brands
Two Complementary Brands allllly High Exposure to Attractive Entry-Level Segment ——, Entry-Level Buyers Represent I alllly 80% cet y CENTURY of Deliveries? bole ENTE Complete Traditional model home sales structure Vv Sells homes primarily through retail outlets and online as opposed to model homes B
Slide 7: 9th Largest U.S. Homebuilder
9th Largest U.S. Homebuilder Meaningful Market-Share Positions Across High-Growth Markets Colorado's populati n is expected to grow to 87 million Washington's population topped people by 2050, a 50% increase: Charlotte is the 15% most-populous 7.6 million people in 2020 and has city in the US. — sin
Slide 8: Driving Organic Growth Across National Footprint
Driving Organic Growth Across National Footprint aaa 10,386 $3.6 BILLION HOME SALE DELIVERIES' IN TOTAL REVENUES' Century Complete West 28% 21% 21% TOTAL Mountain wuntain Southes st West Cent wy Te SD. Southeast
Slide 9: 2.6 2.3 2.7 1.2 1.3 2.0 3.8 2.5 3.6 2.4 3.4 2.5 3.5 1.5
2.6 2.3 2.7 1.2 1.3 2.0 3.8 2.5 3.6 2.4 3.4 2.5 3.5 1.5 2.3 1.8 2.3 0.9 0.9 1.6 3.2 1.8 2.9 1.6 2.5 1.3 3.1 1.0 0.9 0.6 0.9 0.3 0.6 0.6 1.0 0.8 1.2 0.8 1.1 0.5 1.3 0.6
Slide 10: Dual Brand Presence Across States
Dual Brand Presence Across 6 States Two brands increase Century’s brand recognition across markets Recent expansion into N. Florida allh CENTURY will Complete and Phoenix Metro Area with Century Communities brand v¥ Previously, only the Century Complete brand had a presence in Arizona and Florida @
Slide 11: Uniquely Positioned In Our Industry
alll Uniquely Positioned In Our Industry Compelling Value Proposition Invested Proven track Century Century Complete Financial services| Meaningful focus managementteam _ record of top- Communities brand _ brand enables business coupled | on move-in ready aligned with long- —_line growth focused on
Slide 12: Scale and Synergies
Scale and Synergies Enabling Improved Profitability, Cash Flow and ROE Focused on driving robust PRETAXINCOME ($MM) operational improvement and efficiencies across: SG&A Leverage National Purchasing Contracts Building Efficiencies =] | [] Strategic Management of National Supply Chain 2017 2018 2019
Slide 13: Consistent Track Record of Top-Line Growth and Increased Profitability
Consistent Track Record of Top-Line Growth ' lly { I and Increased Profitability — TOTAL REVENUE NET INCOME ($MM) ($MM) $3,567 2016 2017 2018 2019 2020 LTM1Q 2016 2017 2018 2019 2020 LTM1Q 2021 2021 Page 2
Slide 14: Record Setting 1Q Performance
Record Setting 1Q Performance Positive Momentum to Drive Growth thro: ut 2021 067% TOTAL REVENUES Double-digit Revenue growth up 67% year-over-year to $1.0 billion Highest in Company History a 340 bps GROSS MARGIN Gross Margin expanded 340 bps to 214% Expect Continued YoY Margin Expansion 450% HOME
Slide 15: Diversified Backlog Expanding Across Nationwide Footprint
Diversified Backlog Expanding Across i. Nationwide Footprint HOMES IN BACKLOG @ Texas @ west @ Mountain @ southeast 4,097 3,439 | | 2181 2,070 PT a December 31, 2018 December 31, 2019 December 31, 2020 March 31, 2021 gyCENTURY
Slide 16: Focused on Low Risk, Land-Light Business Strategy
Focused on Low Risk, Land-Light Business Strategy Carefully managed across diversified markets to reduce exposure to industry cycles MANAGING A BALANCE BETWEEN OWNED/CONTROLLED LOTS 57,536 @ Controtied 49,965
Slide 17: Successful History of Geographic Expansion
Successful History of Geographic alll Expansion PEACHTREE SUNDQUISTHOMES ally l ihe. CENTURY sata Acquistion focused —— meme UCP stencnie boas teats recognized private Las Vegas Land _Eftered Utah, rousing with unique entered Azone ond Homeballdee i Austsi Holdings oanding ito eared Fling the Centur
Slide 18: Financial Services Business
Financial Services Business Creates Simplified, One-Stop Shop for Homebuyers Offering a wide range of financing options, Inspire Home Loans brings a customer- centered approach to finding a mortgage program that best suits the financial goals of homebuyers. A tull-service title agency, Parkway Title
Slide 19: Profitable Growth Propelled by Multiple Demand Drivers
JV Historically low interest rates Current interest rate of "3% below 5-year average of 3.8% Profitable Growt Propelled by Multiple Demand Drivers Vv High demand for affordable and and Enduring Industry Tailwinds entry-level housing driven by ultra-low resale inventory across markets representing an
Slide 20: Focus on Deleveraging
Focus on Deleveraging NET HOMEBUILDING DEBT HOMEBUILDING DEBT TO NET CAPITAL TO LTM EBITDA' | 2018 2019 2020 1Q 2021 2018 2019 2020 1Q 2021 Calculated as Homebuilding Debt (as disclosed in public SEC flings) divided by trailing EBITDA (as disclosed in publie SEC filings) gyCENTURY Pages
Slide 21: Maintaining Strong Balance Sheet
Maintaining Strong Balance Sheet ill BOOK VALUE PER SHARE $40.74 $38.40 Py 2017 2018 2019 2020 10.2021 Significant liquidity’ position of $1.2 billion $400mm senior unsecured notes due July 2025 $500mm senior unsecured notes due June 2027 $640mm unsecured revolving line of credit, matures April 2023
Slide 22: Key Investment Highlights
ill lh KEY INVESTMENT HIGHLIGHTS V Seasoned & Cycle-Tested Management Team ¥ Attractive Entry-Level Buyer Exposure Y Geographically Diverse Top 10 U.S. Builder < Strong Performance Across Financial Metrics Consistent Track Record of Profitable Growth ¥ Successful History of Geographic Expansion ¥ La
Slide 23: Historical Financials
Historical Financials YTD March, _YTD Mirch ETMtch 31, _LIM March 3 Yeu ended Dee 3 $.000s (except EPS and share count) 2021 2020 2021 2020 2020 2019 2018 2017 2016 Revenues Home sles revenues S 989279 $ -S72T10 «SBS 36. S 2830873 S—«ONTGT S$ 2ABLAGS S188 S$ 1408483 S978.733, Land sales and other re
Slide 24: Historical Financials
Historical Financials Mar 31, ‘Year ended Dec 31, $.000s (except EPS and share count) 2021 2020 2019 2019 2018, 2017 2016 Key Metric Data Homebuilding Debt S 997,778 1,421,068 S$ 894875 $ 965,404 S 987,277 $ 776283 $ 454,088 ‘Cash and Cash Equivalents (502,906) (450,973) (394,001) (55,436) (32,902)
Slide 25: Century Communities, Inc. Contact Investor Relations
CENTURY COMMUNITIES A HOME FOR EVERY DREAM Century Communities, Inc. 8390 E. Crescent Parkway, Suite 650 Greenwood Village, CO 80111 Contact Investor Relations InvestorRelations@CenturyCommunities.com
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