1 2023 Second Quarter Forward Looking Statements This presentation and our conference call contain "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts and typically include the words "anticipate," "believe," "consider," "estimate," "expect," "feel," "intend," "plan," "predict," "s ...

Green Brick Partners, Inc. (NYSE:GRBK) Q2 2023 Earnings Conference Call August 3, 2023 12:00 PM ET Company Participants Jim Brickman - Co-Founder and CEO Rick Costello - Chief Financial Officer Jed Dolson - Chief Operating Officer Conference Call Participants Carl Reichardt - BTIG Alex Rygiel - B. Riley Jay McCanless - Wedbush Operator Good afternoon. And welcome to Green Brick Partners Earnings Call for the Second Quarter ended June 30, 2023. Following today’s remarks, we will hold a Q&A session. As a remi ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ FORM 10-Q ___________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33530 Green Brick Partners, Inc. (Exact name of registrant as specified in its c ...

• Efficient operational infrastructure Net Sales Order YoY Change (Most Recently Reported Quarter) 22.1% 23.8% 29.6% 32.2% 32.3% 32.5%34.0% 35.1% 38.4% 49.7% MTH GRBK MHO TMHC MDC TPH Peer Avg. CCS LGIH BZH Industry-Leading Gross Margins Source: Public filings of each peer company 25,000 27,000 29,000 31,000 33,000 35,000 37,000 39,000 41,000 43,000 Population segment growth is expected to be ~3 million over the next 10 years. Single-Family Inventory Remains Low 7 • Average sales price of homes delivered wa ...

Green Brick Partners, Inc. (NYSE:GRBK) Q1 2023 Earnings Conference Call May 3, 2023 12:00 PM ET Company Participants Jim Brickman - Co-Founder and Chief Executive Officer Rick Costello - Chief Financial Officer Jed Dolson - Chief Operating Officer Conference Call Participants Jay McCanless - Wedbush Carl Reichardt - BTIG Alex Rygiel - B. Riley Operator Good afternoon, and welcome to the Green Brick Partners' Earnings Call for the First Quarter ended March 31, 2023. Following today's remarks, we will hold a ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ FORM 10-Q ___________________ For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33530 Green Brick Partners, Inc. (Exact name of registrant as specified in its ...

2022 Fourth Quarter l | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | This presentation of 1995. These expressions "expect," ...

Green Brick Partners, Inc. (NYSE:GRBK) Q4 2022 Earnings Conference Call February 28, 2023 12:00 PM ET Company Participants Jim Brickman - Co-Founder and Chief Executive Officer Rick Costello - Chief Financial Officer Jed Dolson - Chief Operating Officer Conference Call Participants Michael Rehaut - JPMorgan Max Downie - BTIG Alex Rygiel - B. Riley Jay McCanless - Wedbush Operator Good afternoon and welcome to the Green Brick Partners' Earnings Call for the Fourth Quarter ended December 31, 2022. Following t ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ FORM 10-K ___________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Green Brick Partners, Inc. Commission file number: 001-33530 (Exact name of registrant as specified in its charter) Delaware 20-5952523 (State or o ...

Financial Data and Key Metrics Changes - Residential revenue for Q3 2022 increased by 17.1% year-over-year to $397 million, driven by a 33% increase in average sales price [7][29] - Net income for Q3 2022 was $74 million, or $1.57 per diluted share, representing a year-over-year increase of 65% [8][32] - Year-to-date annualized return on equity was 34.9%, about 1,100 basis points higher than last year [8][35] - Total revenues in Q3 2022 increased by 19% year-over-year to $408 million [29] - Homebuilding gross margin reached a record high of 32.4% in Q3 2022, up from 32.3% in Q2 2022 [30] Business Line Data and Key Metrics Changes - The number of closings declined by 12% to 650 homes due to lower start pace in prior quarters and a smaller backlog [29][33] - Net new home orders decreased by 41% year-over-year to 404, with a quarterly absorption rate per average active selling community decreasing to 5.3 homes [33][40] - Cancellation rate increased to 17.6% for Q3 2022 compared to 6.9% for the same period last year [34] Market Data and Key Metrics Changes - The U.S. housing market has seen mortgage rates more than double from a year ago, hitting a 20-year high in October [9] - Existing home listings in the DFW area represent a 2.2 months supply, while finished new home inventory represents a 1.3 months supply, both below pre-pandemic levels [15][17] - The company’s core markets, particularly Dallas and Atlanta, have shown better performance compared to other markets like California and Las Vegas [13][14] Company Strategy and Development Direction - The company maintains a strong balance sheet with a debt to total capital ratio of 28% and net debt to total capital of 25.5% [19] - The strategic focus includes disciplined land investment underwriting and maintaining a superior land pipeline [20][26] - The company plans to slow down land acquisitions and development spending by approximately 45% in 2023 compared to 2022 [50][100] Management's Comments on Operating Environment and Future Outlook - Management expects the housing inventory and market to remain choppy in the short term due to high mortgage rates and inflationary pressures [11] - Long-term demand for homes is anticipated to continue, driven by millennials entering the housing market [18] - The company is optimistic about its position in the market, citing strong demographics and migration trends in its core markets [13][14] Other Important Information - The company has been actively managing its sales pace and construction starts on a community-by-community basis [43] - The company expects to complete 880 finished lots between 2022 and 2023 in 73 communities [51] - The company is focused on value engineering to reduce cycle times and costs, with a modest sequential improvement in cycle times noted [55] Q&A Session Summary Question: SG&A increase and future run rate - Management explained that the increase in SG&A was due to fixed costs and a larger denominator from lower revenues, with plans to cut costs moving forward [63][66] Question: Opportunities for growth in existing or new markets - Management indicated potential opportunities in 2023 for acquiring private builders and expanding into new markets, particularly in the southeastern U.S. [68][69] Question: Direction of gross margins in the near term - Management noted that gross margins in A Class infill neighborhoods are being maintained due to supply constraints, while C location neighborhoods face more challenges [72][73] Question: Incentives and cancellations in October - Management confirmed that incentives increased from 4.2% in Q3 to 6.3% in October, with cancellations also rising [97] Question: Number of starts this quarter - The company started 490 homes in Q3 2022, down from 801 homes a year ago [105][106] Question: Pricing strategy for new communities - Management stated that pricing strategy will depend on neighborhood location, with a focus on competitive pricing in new neighborhoods [108]