Genesis Land Development Corp.
Uncommon Communities
Presenters:
Jeff Blair, CEO
Simon Fletcher, CFO
Forward Looking Statements
Certain information included in this presentation constitutes forward-looking statements or information (“forward-looking information”) under
applicable securities legislation.
This information relates to future events or future performance of Genesis Land Development Corp. (“Genesis”). When used in this
presentation, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "forecast", "predict", "seek", "propose",
"expect", "potential", "continue", and other similar expressions, are intended to identify forward looking information. This information involves
known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in
such forward looking information. Such forward-looking information is provided for the purpose of providing information about management's
current expectations and plans relating to the future. Reliance on such information may not be appropriate for other purposes, such as making
investment decisions. Although management believes that the expectations reflected in such forward-looking information are reasonable, no
assurance is given that such expectations will prove to be correct. Many factors could cause Genesis’ actual results, performance or
achievements to vary from those described herein. Should one or more of these risks or uncertainties materialize, or should assumptions
underlying forward-looking information prove incorrect, actual results may differ materially from those described in this presentation.
Forward looking-information in this presentation may include, among others, information pertaining to the following: the completion of property,
lot and homes sales, the timing and benefits thereof; the use of proceeds from any financing; opportunities and prospects; development of
property, acquisition and disposition plans and opportunities and the timing thereof; potential development and sale of lots and homes, factors
upon which Genesis will decide whether or not to undertake a specific course of action; expectations regarding Genesis’ ability to obtain capital;
and With respect to forward-looking information in this presentation, Genesis has made assumptions, regarding, among other things: the
completion of dispositions and the timing thereof; the impact of increasing competition; the timely receipt of all required regulatory approvals;
building development rates and absorption rates; the timing and costs of construction, taxes and environmental matters; the ability of Genesis to
successfully market its lots and homes; Genesis’ ability to obtain additional financing on satisfactory terms; property and home prices and
exchange rates; and Genesis’ ability to attract and retain qualified personnel. Furthermore, the foregoing list is not exhaustive of all factors and
assumptions which may have been used. Genesis’ actual results could differ materially from those anticipated as a result of the risk factors set
forth below, including: failure to complete dispositions on the terms agreed upon or at all; competition; liabilities and risks including
environmental liability and risks, inherent in development and construction operations; alternatives to and changing demand for lots and homes;
changes in legislation and the regulatory environment, such as uncertainties with respect to environmental legislation; title defects; the
availability of qualified personnel; and the availability of construction materials and related equipment in the particular areas where such
activities will be conducted, economic and financial conditions in Canada; the behaviour of financial markets, including fluctuations in interest
rates; availability of equity and debt financing; strategic actions including dispositions; adverse hydrology conditions; regulatory and political
factors within Canada; the possible impact of international conflicts and other developments; and other risks and factors detailed from time to
time in Genesis’ Annual Information Form and other documents available at www.SEDAR.com. The forward-looking information contained in
this presentation is made as of the date hereof and Genesis undertakes no obligation to update publicly or revise any forward-looking
information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forwardlooking information contained in this presentation is expressly qualified by this cautionary statement.
All values are in Canadian dollars.
2
Corporate Snapshot
History
Key Points
 Established in 1993
 Listed on TSX 1999
 Eleven Years of positive
earnings.
Symbol: TSX : GDC
 Large inventory of approved
lands in high growth areas.
 Share Price:
 Solid asset base.
$3.33
 52 Week High / Low: $3.59 / $2.30
 Common Shares Outstanding:
44,659,912
 Positioned benefit from mature
land base
 Market Capitalization: $148,767,467
(All stock data as at September 6, 2012)
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Earnings Per Share- (EPS)
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2011 Results Summary
•
•
•
•
•
•
•
•
•
•
$0.25 EPS on revenues of $95.760 million
Non income producing debt reduced by $11.5 million
Agreement for $31.7 million commercial sale to Rio-Can
Completed servicing of 332 lots
Sold 255 residential lots
Sold 3 multi family sites totaling 16.02 acres
Cost of borrowing reduced from 8.21% to 6.57%
Genesis Builders Group (GBG) sold 100 residential units
GBG closed 68 residential units
GBG opened 6 show homes in 4 communities
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Calgary Market Overview
Population Growth for Calgary Metropolitan Area (CMA)

Calgary Population = 1.1 million, CMA = 1.2 million.

Calgary CMA increase of 12.6% (2006-2011)

Net in-migration to the CMA expected to be 21,000 in 2012 and 18,000 in 2013.

City of Calgary population expected to increase by 170,700 between 2011 and
2021 with an annual growth rate of 16,484 per year

Airdrie population increase of 47.1% (2006-2011). Population expected to
increase from 47,000 in 2012 to 56,000 in 2018 and 63,000 in 2023
Housing Market

CMA Starts

Q2-2012 New Home Price: $581,415

Balanced resale market & low interest rates
Q2-2012 = 7,044
Q2-2011 = 3,530
+8% over Q2-2011 – $536,624
* Statistics Canada Census,CREB – Calgary’s Economic Edge 2012, City of Calgary, City of Airdrie CMHC Residential Construction Digest, CMHC Housing Now
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Calgary Area and Land Holdings
Airdrie *
Airdrie
Future Lands
Bayside, Canals
170 Acres
(approx.)
417 Acres
Mitford
North East Calgary
Saddlestone
160 Acres
(Cochrane)
157 Acres
Delacour *
1,797 Acres
(approx.)
North West Calgary
Symons Valley
Sage Hill Crossing
Sage Meadows
Kinwood **
Sherwood
Kincora
416 Acres
NOTE: * Shown net of 836 acres held in Limited
Partnerships (LP’s)
** Joint Venture with Melcor
North East *
Calgary Lands
315 Acres
Mountain View
144 Acres
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British Columbia Land Holdings
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Added Value Concept
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Full Cycle Land Inventory
IMMEDIATE LANDS
•
Serviced Lot Inventory (CMA):
•
Approved Lands (CMA):
424 Lots (8/31/12)
815 Acres
–
235 acres of commercial/industrial
–
580 residential acres providing for +/-4,600 future residential units.
MID TERM LANDS
•
Raw Land – Alberta
1,637 Acres
LONG TERM LANDS
•
Raw Land – AB/B.C.
(Partially Approved/Developed)
3,295 Acres
•
L.P. Lands (Partially Approved)
1,333 Acres
TOTAL
7,080 Acres
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Land Program NE Calgary
Immediate Development Land

Taravista &Taralake completed

Saddlestone 160 acres

972 Single Family lots

975 Multi Family doors

5 year program

2011/12 – PH1–4 = 295 lots
PH 5-6= 1 Commercial lot, 1 Multifamily site & 153 Single Family
lots
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Land Program NW Calgary
SYMONS VALLEY
Immediate Development Land
 300 acres fully approved
 Sage Meadows
 Phases 1 – 2 = 200 lots
 Future single family lots ±76
 Future multi-family doors ± 1575
 9.2 acre mixed use site
SAGEHILL SHOPPING CENTER
 138 acres (gross)
 ± 33 acres conditional sale to Riocan
 900,000 square ft office space
 4,400 multi-family units
 ± 1million square ft commercial
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Land Program Airdrie
AIRDRIE BAYSIDE & CANALS
Immediate Development Land
• Bayside Phase 7 – 150 lots
• Bayside 9 – 106 lots
• Additional 344 acres fully
approved providing ± 2,750 future
residential doors.
Future Development Land
• 318 acres annexed March 2012
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County of Rockyview
MID-TERM LANDS
•
Total Landholdings of
2,692 acres.
•
307 acres with
approved Concept
Plan ± 1,500
residential doors
•
Further planning
underway
•
610 acres
Industrial/Commercial
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Home Building
GBG CLOSINGS SINCE 2006
Average ±100 home closing
over the last 6 years
Note: 2012 & 2013 are forecasts
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Key Performance Indicators: Corporate
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Key Performance Indicators: Land
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Key Performance Indicators: GBG
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Strategic Objectives
•
Sale of non core assets
•
Elimination of non income producing debt
•
Improve balance sheet
•
Reduce borrowing costs
•
Increase home sales and closings
•
Accelerate monetization of approved land holdings
•
Evaluate and advance opportunities to wrap up limited partnerships
•
Adopt a rolling five year business plan
•
Establish and monitor key performance indicators
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