Genesis Land Development (GDC) Corporate presentation summary

Business profile and strategy

• More than 30 years of land development and 20 years of homebuilding experience in the Calgary Metropolitan Area; more than 10,000 families served across 12 residential communities and over 1,300 acres developed.

• Integrated model acquires well-located land, secures approvals, develops and sells lots, and reinvests operating cash; homebuilding focuses on quality production homes in owned and third-party communities.

• Strategy emphasizes disciplined acquisitions, operational excellence, partnerships, a growing homebuilding business and shareholder value.

Portfolio and development pipeline

• Portfolio included 2,614 undeveloped acres as of Dec. 31, 2024, including 1,194 acres of SE Calgary land holdings, 610 acres in Rocky View County and 66 acres in Airdrie.

• Active homebuilding across 12 communities: two Genesis communities in Airdrie and Calgary, plus 10 third-party communities across Calgary, Rocky View County, Chestermere and Cochrane.

• Logan Landing has 327 undeveloped acres and is planned to deliver 1,340 homes; Huxley has 161 acres and is planned for 1,378 homes; Hazel has 160 acres and is planned for 1,184 homes.

• SE Calgary land holdings comprise 1,194 undeveloped acres, with servicing targeted to start in 2035 and completion targeted in 2055; an option covers an additional 106 acres.

• Rocky View County holdings include 185 acres at OMNI, with a 73% undivided interest and servicing targeted for 2026, plus 425 acres owned outright and seeking land-use approvals.

Operating and financial performance

• FY2024 revenue was $361.1M vs. $203.3M in FY2023; earnings were $39.6M vs. $14.5M, excluding LP-unit sale gains recognized directly in retained earnings ($7M and $2M after tax, respectively).

• FY2024 residential lot sales were 726 vs. 305; home sales were 401 vs. 286; new home orders were 419 vs. 328; outstanding orders were 265 vs. 247.

• At Dec. 31, 2024, total assets were $578M, real estate assets $471M, cash $21.4M, loan and credit facilities $133.5M, and net debt $112M; net book value per share was $4.69.

• Since 2014, $87M was returned to shareholders; the presentation cited 24 consecutive years of positive earnings.