Genesis Land Development (GDC) Corporate presentation summary

Business profile

• Calgary Metropolitan Area land development and homebuilding operations date to 1991; homebuilding began in 2005.

• Integrated model combines land acquisition, approvals, development, homebuilding and partnerships; increased focus on homebuilding.

• More than 10,000 families served across 11 residential communities and over 1,300 acres developed.

• 23 consecutive years of positive earnings; $82M returned to shareholders since 2014.

Strategy and growth

• Strategy targets shareholder value through land and home sales, acquisitions, financing, development partnerships and reinvestment of operating cash.

• Land approach emphasizes well-positioned sites, predetermined acquisition criteria, Area Structure Plans, approvals, builder partners and cash realization through development and sales.

• Housing strategy focuses on quality production homes in owned and third-party communities, with plans to increase volumes.

• Differentiators include Calgary market knowledge, acquisition sourcing, approval-process experience and partnerships with contractors, consultants, trades and suppliers.

Land portfolio

• As of Sept. 30, 2024, portfolio included 2,629 acres of undeveloped land: 1,953 acres in Calgary and 610 acres in Rocky View County.

• Core Calgary holdings include Lewiston 111 acres, Huxley 161, Logan Landing 327, Hazel 160 and SE Calgary land holdings 1,194 acres.

• Rocky View County holdings include OMNI 185 acres, with a 73% interest, and The 425, a 425-acre property owned 100%.

• Recent acquisitions included a 734-acre SE Calgary parcel in Q2 2024 and a 16.7% interest in a 243-acre development, plus lot purchase rights, in Q3 2024.