Financial Performance - Q2 2022 - Total revenue increased to $368.7 million compared to $250.3 million in Q2 2021[8] - Net new home orders reached 538 homes with a dollar value of $322.5 million, averaging $599,000 per home, compared to 330 homes valued at $207.3 million, averaging $628,000 per home in Q2 2021[8] - Home sales gross margin increased by 430 basis points to 21.3% from 17.0% in Q2 2021[8] - Adjusted net income attributable to Landsea Homes was $31.5 million, up from $17.5 million in Q2 2021[8] - Adjusted EBITDA increased to $56.6 million from $32.6 million in Q2 2021[8] Lot Inventory and Land Position - Total lots owned and controlled increased by 52% year-over-year to 13,017 from 8,556[8] - Of the total lots, 37% are owned (4,782 lots) and 63% are controlled (8,235 lots)[8,9] - The company's lot supply represents 6.4 years of overall supply[10] Geographic Diversification - The company has a diversified portfolio in high-growth geographies, including Arizona (36%), Florida (36%), and California (21%) based on supply of lots by state[9] - Q2 2022 home sales revenue by geography: California (31%), Arizona (20%), Florida (31%), NY (17%), and Texas (1%)[9,15] Outlook - For Q3 2022, new home deliveries are anticipated to be in the range of 575 to 630, with delivery ASPs expected to be in the range of $550,000 to $575,000[18] - For full year 2022, new home deliveries are anticipated to be in the range of 2,500 to 2,700, with delivery ASPs expected to be in the range of $525,000 to $550,000[18] - Home sales gross margin for full year 2022 is expected to be in the range of 20% to 22% on a GAAP basis, or 24% to 26% on an adjusted basis[18]

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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-38545 Landsea Homes Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware 82-2196021 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or O ...

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 Commission File Number 001-38545 Landsea Homes Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware 82-2196021 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or ...

Landsea Homes Corp (NASDAQ:LSEA) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET Company Participants Drew Mackintosh - Mackintosh IR John Ho - CEO Michael Forsum - President and COO Chris Porter - CFO Conference Call Participants Matthew Bouley - Barclays Alex Rygiel - B. Riley Alex Barron - Housing Research Center Operator Greetings and welcome to the Landsea Homes First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow ...

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, 2021 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: 001-38545 LANDSEA HOMES CORPORATION (Exact name of registrant as specified in its charter) 660 Newport Center Drive, Suite 300 Newpor ...

Landsea Homes Corp (NASDAQ:LSEA) Q4 2021 Earnings Conference Call March 10, 2022 10:00 AM ET Company Participants John Ho – Chief Executive officer, Interim CFO & Director Drew Mackintosh – Mackintosh Investor Relations Michael Forsum – President & Chief Operations Officer Chris Porter – Chief Financial Officer Conference Call Participants Ashely Kim – Barclays Alexander Rygiel – B. Riley Operator Ladies and gentlemen, thank you for standing by and welcome to the Landsea Homes Fourth Quarter 2021 Earnings ...

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, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-38545 Landsea Homes Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware 82-2196021 (State or Other Jurisdiction of (I.R.S. Employer Incorporation ...

Landsea Homes Corp (NASDAQ:LSEA) Q3 2021 Earnings Conference Call November 10, 2021 10:00 AM ET Company Participants Drew Mackintosh - Mackintosh Investor Relations John Ho - CEO, Interim CFO & Director Michael Forsum - President & COO Trenton Schreiner - SVP, Accounting & CAO Conference Call Participants Alexander Rygiel - B. Riley Securities Ashley Kim - Barclays Bank Operator Good day. Thank you for standing by, and welcome to the Landsea Homes' Third Quarter 2021 Earnings Conference Call. [Operator Inst ...

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, 2021 (949) 345-8080 (Registrant's Telephone Number, Including Area Code) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-38545 Landsea Homes Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware 82-2196021 ...

Financial Data and Key Metrics Changes - Total revenue increased 163% to $250.3 million compared to $95.1 million in Q2 2020, with organic growth of 125% excluding Vintage Estate Homes [24][25] - Total home sales rose 152% to $239.6 million, with organic growth of 122% excluding Vintage Estate Homes [25] - Average selling price increased significantly to $553,000 from $401,000 in the prior year [25] - Adjusted home sales gross margin increased 530 basis points to 23.5% compared to 18.2% in the prior year [28] - Net income attributable to Landsea Homes increased to $10.7 million from a net loss of $20.3 million in the prior year [28] - Adjusted net income was $17.5 million compared to a loss of $3.8 million in the prior year [29] - Cash and cash equivalents at the end of Q2 were $147.3 million, up from $105.8 million at the end of 2020 [30] Business Line Data and Key Metrics Changes - Total home deliveries increased 79% to 425 homes, with an average sales price of $553,000 [25] - Net new home orders totaled 330 with a dollar value of $207.3 million and an average sales price of $628,000 [27] Market Data and Key Metrics Changes - The company reported a backlog of 1,197 homes, reflecting strong demand and pricing power in the housing market [14][22] - The average sales price increase was attributed to a shortage of supply compared to housing demand across operating markets [26] Company Strategy and Development Direction - The company is focused on expanding its presence in key markets, including California, Arizona, and Florida, with several new acquisitions [15][16][19] - The acquisition of Vintage Estate Homes is seen as a strategic move to enhance operations in Florida [20] - The company aims to leverage its experience in home building to identify growth opportunities and execute rapid integrations of acquired assets [43] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued strength of the housing market and the company's ability to capitalize on growth opportunities [22] - The full-year 2021 revenue outlook was increased to between $960 million and $1.02 billion, reflecting strong Q2 results and organic growth [31][33] - Management noted that the operational execution has helped sustain organic sales growth despite supply chain challenges [22] Other Important Information - The company was included in the Russell 3000 index at the end of June, expanding its reach to a wider investor base [21] - The company is actively pursuing additional acquisitions, particularly in Florida and Texas, as part of its growth strategy [74][78] Q&A Session Summary Question: Sales pace and production alignment in Arizona - Management acknowledged a strategic decision to meter sales in Arizona to better align with production and manage costs [50][51] Question: Land acquisition pricing and strategy - Management indicated that they are being prudent in land acquisitions, maintaining a pipeline of approximately three years of supply [55][72] Question: Gross margin outlook - Management expressed confidence in maintaining stable gross margins, with expectations for continued upward trends [70] Question: Future M&A opportunities - Management remains interested in growth through acquisitions, particularly in Florida and Texas, and is actively engaged in discussions with potential sellers [74][78]