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 September 30, 2022 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. | Delaware | | | 20-5952523 | | --- | --- ...

Financial Data and Key Metrics Changes - The company reported record total revenues of $525 million for Q2 2022, a 40% year-over-year increase [21] - Net income reached a record $101 million, translating to $2.08 per diluted share, representing a 104% year-over-year growth in quarterly EPS [7][21] - Homebuilding gross margin improved to 32.3%, a 550 basis points increase year-over-year, marking the highest in company history [22][23] - The annualized return on equity was 37.4%, up from 23% the previous year [24] Business Line Data and Key Metrics Changes - Residential units revenue increased by 54% year-over-year to $513 million, driven by a record closing volume [21] - The average selling price (ASP) climbed 32% year-over-year to $579,000 [21] - The company delivered 881 homes, a 16% year-over-year increase [21] Market Data and Key Metrics Changes - The company ended Q2 2022 with 1,087 homes in backlog, down 42% year-over-year, but with a 25.8% increase in ASP of backlog units [27] - The cancellation rate increased to 11.4%, although it remains lower than many peers [25][26] - The absorption rate during Q2 was up 4.4% year-over-year to 7.1 homes sold per average active selling community [24] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet with a low debt to total capital ratio of 28.9% [18] - The strategy includes operating in infill locations, which are land-constrained and face limited competition [17] - The company plans to balance backlog and spec units while managing sales pace and home prices [30] Management's Comments on Operating Environment and Future Outlook - Management noted a moderation in sales due to aggressive interest rate hikes and inflationary pressures [10] - Despite short-term market challenges, management believes demand for single-family homes will remain strong in the long term due to demographic trends [11][12] - The company is optimistic about its position in the market, citing strong buyer quality and a favorable land position [19][40] Other Important Information - The company officially joined The S&P SmallCap 600 in July 2022 [8] - Management emphasized the importance of capital allocation and maintaining operational efficiency [38][40] Q&A Session Summary Question: Discussion on flexibility in altering plans for homes under construction - Management acknowledged the need to adjust sales philosophy based on market conditions, particularly for entry-level buyers [49][50] Question: Concerns about potential pressure on gross margins - Management highlighted differences from past experiences, noting improved operational efficiency and a strong lot position [52][54] Question: Impact of current conditions on opening new communities - Management confirmed plans to proceed with new communities, emphasizing attractive cost bases for land acquired post-COVID [57] Question: Competitive actions regarding incentives and price cuts - Management stated they meet the market but have not seen major price cuts in their neighborhoods yet [84][85] Question: Cancellation rates and proactive measures - Management indicated that cancellations are primarily due to buyer disqualifications and emphasized their efforts to maintain buyer qualification [88][90]

Investor Presentation 2022 Second Quarter Forward Looking Statements This presentation and our earnings 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," "pl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 TABLE OF CONTENTS ___________________ 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, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Green Brick Partners, Inc. Commission file number: 001-33530 (Exact name of registrant as specified in its c ...

PRESENTATION | Spring 2022 4949 PARTNERS Forward Looking Statements This press release and our earnings 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," "pl ...

Green Brick Partners, Inc. (NYSE:GRBK) Q1 2022 Earnings Conference Call May 4, 2022 ET Company Participants Jim Brickman - Chief Executive Officer Rick Costello - Chief Financial Officer Jed Dolson - Chief Operating Officer Conference Call Participants Doug Wardlaw - JPMorgan Carl Reichardt - BTIG Alex Rygiel - B. Riley Jay McCanless - Wedbush Bill Dezellem - Tieton Capital Management Alex Barron - Housing Research Center Operator Good afternoon, everyone, and welcome to Green Brick’s Partners Earnings Call ...

Investor Presentation 2022 First Quarter Forward Looking Statements This press release and our earnings 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," "pl ...

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 March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Green Brick Partners, Inc. Commission file number: 001-33530 (Exact name of registrant as specified in its ...

Investor Presentation 2021 Fourth Quarter and Full Year Forward Looking Statements This press release and our earnings 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, ...

Financial Data and Key Metrics Changes - In Q4 2021, total revenues reached a record $452 million, an increase of 78% from Q4 2020, with residential units revenues increasing by 70% year-over-year [9][11] - The company delivered 823 homes in Q4 2021, representing a growth of 41% over Q4 2020 [9] - Full year 2021 total revenues were $1.4 billion, a 44% increase from 2020, with diluted EPS of $3.72, growing 66% over 2020 [14][16] - Gross margin for Q4 2021 was 26.2%, up 110 basis points from Q4 2020, while the full year gross margin was 26.4%, up 220 basis points from 2020 [10][15] Business Line Data and Key Metrics Changes - The company’s focus on spec homes led to an increase in spec units under construction from 28% to 39% by the end of 2021 [19] - The average sales price (ASP) for Q4 was $509,000, up 21.3% year-over-year, while the full year ASP was $461,000, up 10.1% [21] Market Data and Key Metrics Changes - The company is expanding into the Austin market, purchasing 383 acres for a new community, Trinity Ranch, expected to start construction in early 2023 [30] - Resale inventory levels are at all-time lows, with Austin having only 0.5 months of supply, contributing to strong demand for new homes [35] Company Strategy and Development Direction - The company plans to invest $285 million in land development to deliver over 4,700 finished home sites across 43 communities in 2022 [26] - The strategy includes a disciplined approach to capital allocation, focusing on lot growth and expanding into new markets [25] Management's Comments on Operating Environment and Future Outlook - Management believes that the current demand for homes is strong, despite rising interest rates, and anticipates continued price increases due to limited resale inventory [36][58] - The company expects double-digit growth in ASP and community count for 2022, with a focus on maintaining gross margins [46][48] Other Important Information - The company was named to Forbes' 2022 America's Best Small Companies list and Fortune's 2021 fastest-growing companies list [11][17] - The company completed a $50 million offering of Series A preferred shares and a $100 million note purchase agreement [12] Q&A Session Summary Question: Guidance for 2022 closings and ASP - Management expects double-digit growth in ASP and community count, with some lumpiness due to product mix [46][48] Question: Sustainability of gross margins - Management does not anticipate a reduction in margins and believes there is potential for improvement [50] Question: Impact of rising interest rates on demand - No increase in incentives has been observed, and demand remains robust despite rising rates [54][56] Question: Community count and absorption rates - Community count is expected to increase in the second half of 2022, with higher absorption rates for Trophy communities [87][88] Question: Cancel rates in Q4 - The increase in cancel rates was a one-quarter aberration, with rates returning to lower levels in early 2022 [76][78] Question: Land sales and margins - Recent land sales had low margins due to an exchange with another builder, but overall land sales are expected to improve [110] Question: Tax rate for 2022 - The tax rate is expected to be closer to 24% for 2022 due to changes in state taxes [106]