Genesis Land Development (GDC) Corporate presentation summary

Profile and scale

• Developing land and building homes in the Calgary Metropolitan Area since 1991; homebuilding experience since 2005.

• Portfolio includes $338M in real estate assets and 2,685 acres of undeveloped land; $123M of real estate assets acquired since 2019.

• More than 1,300 acres developed across 10 residential communities, serving 10,000+ families; 23 consecutive years of positive earnings.

• Homebuilding division active in 13 communities, including Genesis communities and third-party developments.

• Conservative balance sheet, access to financing, experienced management and strong shareholder support underpin the operating platform.

Strategy and growth model

• Integrated approach combines land acquisition, approvals, development, homebuilding and sales; cash is reinvested for growth, debt repayment or dividends.

• Land strategy targets well-positioned parcels within predetermined acquisition parameters, preferably with an Area Structure Plan in place.

• Homebuilding strategy spans Genesis and third-party communities, with a focus on increasing volumes as a production builder in the Calgary region.

• Competitive strengths include Calgary market knowledge, acquisition access, approval-process experience and a quality production-home focus.

• Growth rationale cites Calgary’s population growth, affordability, employment base and proximity to the mountains.

Land portfolio and acquisitions

• Core land holdings total 2,685 acres: 2,002 acres in Calgary and 610 acres in Rocky View County, including a 73% interest in OMNI.

• Recent purchases included 134 acres at Lewiston, 161 acres at Huxley, 160 acres at Hotchkiss and a 460-acre SE Calgary parcel.

• SE Calgary holdings include a 734-acre acquisition closed in Q2 2024, plus an option to purchase an additional 106 acres.

• The 425 comprises 425 acres of future development land, wholly owned and seeking land-use approvals.

• OMNI comprises 185 acres of future commercial land; a 2025 servicing start is targeted, and ownership is 73%.