Genesis Land Development (GDC) Corporate presentation summary

Business profile

• Calgary Metropolitan Area land developer and homebuilder operating since 1991, with an increased focus on homebuilding and a portfolio of entitled and unentitled residential, commercial and mixed-use land.

• More than 30 years of land development and 18+ years of homebuilding experience; developed over 1,300 acres across 10 residential communities and served 10,000+ families.

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

Portfolio and development

• 2,663 acres of undeveloped land at June 30, 2024: 2,002 acres in Calgary and 610 acres in Rocky View County, including 73% ownership of OMNI and 100% of The 425.

• Calgary SE land holdings total 1,194 acres following acquisitions of 460 acres in Q4 2023 and 734 acres in Q2 2024; servicing is targeted to start in 2035, with completion targeted for 2055.

• Logan Landing has 354 undeveloped acres and is planned to deliver 1,606 homes plus 10 acres of multi-family and commercial parcels; target completion is 2034.

• Huxley has 161 undeveloped acres and is planned to deliver 1,378 homes; Lewiston has 111 undeveloped acres and is planned for 768 homes plus 7 acres of multi-family and commercial parcels.

• Hotchkiss has 160 undeveloped acres and is planned for 1,184 homes plus 3 acres of multi-family; servicing is targeted to start in 2027 and completion in 2037.

Strategy and growth

• Strategy combines land acquisitions, development approvals, property-development partnerships, land and home sales, financing, debt repayment, dividends and reinvestment of operating cash.

• Land model prioritizes well-positioned sites, strict acquisition parameters and preferably approved Area Structure Plans; finalize approvals, partner with builders, develop and sell, then reinvest proceeds.

• Housing strategy focuses on quality production homes across Genesis and third-party communities, increasing volumes and partnering with trades and suppliers.

• Management cites Calgary-area population growth, affordability, employment and location, alongside market knowledge, approval-process experience and a disciplined acquisition approach as advantages.