Howard Hughes Corp (HHC) Q2 2021 Earnings Conference Call August 5, 2021 10:00 AM ET Company Participants John Saxon - IR David O'Reilly - CEO & Director David Striph - EVP and Head, Operations & IR Jay Cross - President Correne Loeffler - CFO Conference Call Participants Alexander Goldfarb - Piper Sandler & Co. Vahid Khorsand - BWS Financial Operator Good morning, and welcome to the Howard Hughes Corporation's Second Quarter 2021 Earnings Call. [Operator Instructions]. I would now like to turn the call ove ...

The Howard Hughes Corporation (HHC) Q1 2021 Earnings Conference Call May 11, 2021 10:00 AM ET Â Company Participants David Striph – Executive Vice President, Head of Operations and Investor Relations David O'Reilly – Chief Executive Officer Jay Cross – President Correne Loeffler – Chief Financial Officer Conference Call Participants Alexander Goldfarb – Piper Sandler Jon Petersen – Jefferies Hamed Khorsand – BWS Financial Operator Good morning, and welcome to The Howard Hughes CorporationÂ's First Quarter 2 ...

Financial Data and Key Metrics Changes - The company reported a net loss of $26.2 million or $0.50 per diluted share for the year ended December 31, 2020, compared to a net income of $74 million or $1.71 per diluted share in 2019 [67] - For Q4 2020, the net loss was $6.6 million or $0.12 per diluted share, compared to a net loss of $1.1 million or $0.03 per diluted share for the same period in 2019 [67] - The year-over-year decline in earnings was largely due to the impact of COVID-19 across various business segments, along with significantly lower condo sales revenue recognized in 2020 [68] Business Line Data and Key Metrics Changes - The Master-Planned Communities (MPC) segment achieved earnings before tax (EBT) of $209 million, exceeding pre-COVID expectations of $180 million to $200 million [13][46] - New home sales increased by 10% over 2019, with a total of 2,724 new homes sold in 2020 [14] - Operating asset net operating income (NOI) was $190 million, an 11% decline compared to 2019, primarily due to the impact of COVID-19 on retail, hospitality, and ballpark assets [50] Market Data and Key Metrics Changes - Retail collections improved to 73% in Q4 2020 from 66% in Q3 2020, showing signs of recovery as local economies reopened [17][55] - The price per acre of residential land in Summerlin increased by 17% to $272,000 in 2020 compared to 2019 [47] - Bridgeland saw new home sales rise by 18% in 2020, with a price per acre increase of 8% to $439,000 [48] Company Strategy and Development Direction - The company plans to launch 2 million square feet of new developments in 2021, focusing on areas with strong demand [72] - Aalii, a new condo tower at Ward Village, is expected to generate $100 million to $125 million in net profit upon completion [65] - The company is committed to maximizing the value of its master-planned communities and will only develop new projects when underlying demand dictates [41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for continuous improvement in retail and hospitality assets in 2021, anticipating a return to a full Minor League Baseball season [18] - The company expects MPC EBT to remain in the range of $180 million to $200 million for 2021, consistent with previous guidance [63] - Management highlighted the resilience of their business model and the strong demand for homes in their communities, driven by trends such as remote work [81] Other Important Information - The company completed a bond offering of $1.3 billion to strengthen its balance sheet and extend its debt maturity profile [70][71] - The company ended 2020 with $1 billion in cash and strong liquidity, positioning it well for future growth [71] Q&A Session Summary Question: What drove the 35% increase in saleable residential acres at Bridgeland in Q4 2020? - Management noted that the increase was due to refining the master plan at Bridgeland, allowing for more detailed neighborhood openings in 2021 and 2022 [74] Question: What caused the 25% decline in other operating rent collections in Q4 versus Q3? - Management attributed the decline to timing differences related to specific properties, expecting normalization in Q1 2021 [76] Question: Will there be gains recognized from condo towers in Hawaii this year? - Management expects to recognize between $100 million and $125 million in net profitability from the completion of Aalii and other sales [78] Question: Are there plans to buy back shares after dilution due to COVID? - Management is evaluating capital allocation decisions, including potential share repurchases, depending on market conditions [79] Question: What is the outlook for Downtown Columbia's development? - Management expressed excitement about the progress in Downtown Columbia, highlighting its strong performance during the pandemic [80] Question: How is the company capitalizing on the demand for real estate in states like Texas and Florida? - Management emphasized that increased home sales lead to more land sales to homebuilders, driving further development in their communities [83]

7 | 龙 TI 7 3 ortunity Forward-looking statements Statements made in this presentation that are not historical facts, including statements accompanied by words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "may," "plan," "project," "realize," "should," "transform," "would," and other statements of similar expression and other words of similar expression, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Sec ...

Howard Hughes Corp (HHC) Q3 2020 Earnings Conference Call November 6, 2020 10:00 AM ET Company Participants David Striph - EVP & Head, Operations & IR David O'Reilly - President, CFO & Interim CEO Conference Call Participants Daniel Santos - Piper Sandler & Co. Vahid Khorsand - BWS Financial Jonathan Petersen - Jefferies Jarrett Brotzman - Legal & General Candace Carlisle - CoStar News Operator Good morning, everyone, and welcome to The Howard Hughes Corporation Third Quarter 2020 Earnings Conference Call. ...

71 | ZZ TI s Te ortunity Forward-looking statements Non-GAAP financial measures Statements made in this presentation that are not historical facts, including statements accompanied by words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "may," "plan," "project," "realize," "should," "transform," "would," and other statements of similar expression and other words of similar expression, are forward- looking statements within the meaning of Section 27A of the Securities ...

The Howard Hughes Corporation (HHC) Q2 2020 Earnings Conference Call August 4, 2020 10:00 AM ET Company Participants David Striph - Executive Vice President Paul Layne - Chief Executive Officer David O'Reilly - Chief Financial Officer Peter Riley - General Counsel Conference Call Participants Vahid Khorsand - BWS Financial Alex Barron - Housing Research Center Jon Peterson - Jeffries Operator Good morning and welcome to the Howard Hughes Corporation's Second Quarter 2020, Earnings Conference Call. All parti ...

The Howard Hughes Corporation (HHC) Q1 2020 Earnings Conference Call May 12, 2020 10:00 AM ET Company Participants David Striph - Executive Vice President Paul Layne - Chief Executive Officer David O'Reilly - Chief Financial Officer Peter Riley - General Counsel Conference Call Participants Alexander Goldfarb - Piper Sandler Vahid Khorsand - BWS Alex Barron - Housing Research Center Jon Peterson - Jefferies Marlane Pereiro - BoA Operator Good morning and welcome to the First Quarter 2020 Earnings Call. All ...

Exhibit 99.2 Seaport District New York, NY Hughes Landing Houston, TX 6100 Merriweather Columbia, MD The Woodlands Towers at the Waterway The Woodlands, TX Supplemental Information Three months ended March 31, 2020 NYSE: HHC The Howard Hughes Corporation, 13355 Noel Road, 22nd Floor, Dallas, TX 75240 HowardHughes.com 214.741.7744 Cautionary Statements Cautionary Statements Forward-Looking Statements This presentation includes forward-looking statements. Forward-looking statements give our current expectatio ...

The Howard Hughes Corporation (HHC) Q4 2019 Earnings Conference Call February 28, 2020 10:00 AM ET Company Participants David Striph - Executive Vice President Paul Layne - Chief Executive Officer David O'Reilly - Chief Financial Officer Conference Call Participants Alexander Goldfarb - Piper Sandler Alex Barron - Housing Research Center Vahid Khorsand - BWS Financial. Peter Abramowitz - Jefferies Operator Good morning, and welcome to the Howard Hughes Corporation Fourth Quarter 2019 Earnings Conference Cal ...