Genesis Land Development (GDC) Corporate presentation summary

Business profile

• Operating in the Calgary Metropolitan Area since 1991, with an integrated land-development and homebuilding model and increased focus on homebuilding.

• More than 1,300 acres developed across 17 residential communities; homebuilding division active in 17 communities, including owned and third-party developments.

• At June 30, 2025: $505M in real estate assets, 2,614 undeveloped acres, $117M net debt, $21M cash and $138M debt; 24 consecutive years of positive earnings.

• $93M returned to shareholders since 2014; net book value per share was $4.81 at June 30, 2025.

Strategy and growth

• Strategy targets shareholder value and future growth through acquisitions, financing, development approvals, land development partnerships, lot and home sales, debt repayment and dividends.

• Land model: acquire well-positioned parcels under disciplined criteria, preferably with Area Structure Plans in place; finalize approvals, develop and sell, then reinvest operating cash.

• Homebuilding focus is quality production homes across owned and third-party communities, with plans to increase volumes and build trade and supplier partnerships.

• Competitive strengths include Calgary market knowledge, approval-process experience, acquisition access, well-located assets and experienced management.

Land portfolio and development

• Core holdings total 2,614 undeveloped acres: 1,938 acres in Calgary and 610 acres in Rocky View County, plus 66 acres in Airdrie.

• Calgary holdings include 1,194 acres of SE Calgary land targeted for development from 2035 to 2050, plus Lewiston, Huxley, Logan Landing and Hazel with targeted completion dates from 2031 to 2036.

• Lewiston has 96 undeveloped acres and is expected to deliver 635 homes; Huxley has 161 acres and is expected to deliver 1,378 homes.

• Logan Landing has 327 undeveloped acres and is expected to deliver 1,340 homes; Hazel has 160 acres and is expected to deliver 1,184 homes.

• Rocky View County holdings include OMNI, with a 100% interest in a 185-acre future commercial site, and The 425, a 425-acre future development property seeking land-use approvals.