Genesis Land Development (GDC) Corporate presentation summary

Business profile

• Developing land and building homes in the Calgary Metropolitan Area since 1991; more than 30 years of land development and 20 years of homebuilding experience.

• Homebuilding division active in 14 communities, including owned communities and third-party developments.

• Integrated land development and homebuilding model focused on creating communities; strategy aims to maximize shareholder value while supporting future growth.

• Stated strengths include well-located land, experienced management, market knowledge, approval-process expertise, partnerships and a conservative balance sheet.

Land portfolio and growth plan

• Core holdings totaled 2,614 undeveloped acres at March 31, 2025: 1,938 acres in Calgary and 610 acres in Rocky View County, plus 66 acres in Airdrie.

• Real estate assets were $474M; $197M of land was acquired since 2019, and $87M has been returned to shareholders since 2014.

• Growth model: acquire well-positioned land within set parameters, secure approvals, develop and sell with builder partners, then reinvest cash from operations.

• Homebuilding plan targets quality production homes across owned and third-party communities, with continued volume growth and trade and supplier partnerships.

• Recent acquisitions include 460 acres in SE Calgary in Q4 2023 and 734 acres in Q2 2024, plus development interests and lot purchase rights acquired in 2024.

Development pipeline

• Lewiston: 96 undeveloped acres, with 635 homes and 7 acres of multi-family and commercial parcels planned at full buildout; target completion 2031.

• Huxley: 161 undeveloped acres and 1,378 planned homes; target completion 2036. Logan Landing: 327 undeveloped acres and 1,340 planned homes, with 10 acres of multi-family and commercial parcels; target completion 2034.

• Hazel: 160 undeveloped acres and 1,184 planned homes, with 3 acres of multi-family; servicing target is 2025 and completion target is 2036.

• SE Calgary land holdings total 1,194 undeveloped acres, with servicing targeted to start in 2035 and completion targeted for 2055.

• OMNI includes a 185-acre future commercial site with a 73% undivided interest; The 425 is 425 acres of future development land, wholly owned and seeking land use approvals.