2 Investor Presentation Fourth Quarter 2024 Strategic priorities grounded in sustaining attractive full-cycle returns Operational Efficiency Returns-Focused Land Investment Balanced Capital Allocation • Diversified Consumer Base • Balanced To-be-Built and Spec Home Strategy • Pace and Price Management • Floorplan and Option Rationalization • "Canvas" Option Packages on All Spec Homes • Digital Sales and Marketing Innovation • Efficiencies with Enhanced Scale • Focused on Investing in Prime Core Locations • ...

Financial Data and Key Metrics Changes - The company reported a net income of $242 million or $2.30 per diluted share for Q4 2024, with adjusted net income of $278 million or $2.64 per diluted share, reflecting a 29% increase from the previous year [34][35] - Home closings increased by 12% year-over-year to 3,571 homes, generating revenue of approximately $2.2 billion, with an average closing price of $608,000 [35][36] - Adjusted gross margin for Q4 was 24.9%, stable sequentially and up from 24.1% in Q4 2023 [39] Business Line Data and Key Metrics Changes - The company achieved a 27% growth in move-up segment orders, while entry-level sales increased by 5% and resort lifestyle sales declined by 9% due to external factors like hurricanes [19] - The fourth quarter saw 54% of closings from spec homes, contributing to higher closing volumes [14] Market Data and Key Metrics Changes - The company’s absorption pace increased to 2.6% per community, up from 2.4% a year ago, with net orders rising 11% year-over-year [10][43] - The average underwritten community size has grown significantly, allowing for higher sales paces and more cost-effective structures [27] Company Strategy and Development Direction - The company emphasizes a balanced approach with a mix of to-be-built and spec homes to meet customer preferences and maintain margins [12][13] - The strategic focus on prime locations has insulated the company from broader market pressures, particularly in tertiary markets facing pricing challenges [11][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current market challenges, including rising interest rates and affordability constraints, while maintaining a positive outlook for new construction demand [20][54] - Initial guidance for 2025 anticipates 13,500 to 14,000 home closings with gross margins between 23% to 24% [21][39] Other Important Information - The company ended Q4 with liquidity of approximately $1.4 billion, including $487 million in unrestricted cash [46] - Share repurchases totaled $348 million for the year, with a remaining authorization of $910 million [48] Q&A Session Summary Question: Can you discuss the cadence for gross margins this year with higher incentives? - Management indicated that margins are expected to moderate over the year due to increased incentives and land cost inflation [61][62] Question: What is your pricing strategy given the market conditions? - Management noted that pricing power was observed in about 50% of communities, with a national price increase implemented in January [74][75] Question: How do you view the impact of tariffs on material costs? - Management expects some cost pressure from tariffs, particularly in the latter half of the year, but believes it is manageable within the current guidance [66][68] Question: What are the expectations for growth by consumer segment in 2025? - Management anticipates similar penetration for resort lifestyle closings in 2025 compared to 2024, with slight growth expected in active adult segments [120][121] Question: How is the company managing potential immigration-related issues on job sites? - Management reported no disruptions on job sites due to immigration issues, with protocols in place to mitigate risks [103][104]

Core Viewpoint - Taylor Morrison Home (TMHC) reported strong quarterly earnings, exceeding expectations and showing significant year-over-year growth in both earnings and revenues [1][2]. Financial Performance - Quarterly earnings were $2.64 per share, surpassing the Zacks Consensus Estimate of $2.40 per share, and up from $2.05 per share a year ago, representing a 10% earnings surprise [1] - Revenues for the quarter ended December 2024 were $2.36 billion, exceeding the Zacks Consensus Estimate by 10.53% and up from $2.02 billion year-over-year [2] - The company has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Stock Performance and Outlook - Taylor Morrison shares have increased approximately 1.9% year-to-date, compared to a 3.2% gain in the S&P 500 [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - Current consensus EPS estimate for the upcoming quarter is $1.85 on revenues of $1.83 billion, and for the current fiscal year, it is $9.32 on revenues of $8.56 billion [7] Industry Context - The Building Products - Home Builders industry is currently ranked in the bottom 3% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can significantly affect stock performance [5][8]

Financial Performance - Fourth quarter net income was $242 million, or $2.30 per diluted share, while adjusted net income was $278 million, or $2.64 per diluted share[2]. - Full year reported net income was $883 million, or $8.27 per diluted share, with adjusted net income at $931 million, or $8.72 per diluted share[2]. - Net income for Q4 2024 was $242,453, representing a 40.5% increase compared to $172,585 in Q4 2023[30]. - Adjusted net income for Q4 2024 was $277,760,000, up from $223,236,000 in Q4 2023, representing a 24.4% increase[41]. - Adjusted earnings per common share (diluted) for the twelve months ended December 31, 2024, was $8.72, compared to $7.54 in 2023, a 15.7% increase[41]. Revenue and Sales - Home closings revenue for the fourth quarter was $2.2 billion, up 12% year over year, with 3,571 closings at an average price of $608,000[6]. - Home closings revenue for Q4 2024 reached $2,169,703, a 12.0% increase from $1,937,632 in Q4 2023[30]. - Total revenue for the twelve months ended December 31, 2024, was $8,168,136, up 10.1% from $7,417,831 in 2023[30]. - Total revenue for Q4 2024 reached $2,356,489,000, compared to $2,019,865,000 in Q4 2023, marking a 11.7% growth[43]. - Home closings revenue for the twelve months ended December 31, 2024, was $7,755,219,000, compared to $7,158,857,000 in 2023, a 8.3% increase[45]. Home Closings and Orders - Net sales orders increased 11% year over year to 2,621, with a monthly absorption pace of 2.6, up from 2.4 a year ago[6]. - Net sales orders for Q4 2024 totaled 2,621, an 11.0% increase from 2,361 in Q4 2023[31]. - The sales order backlog as of December 31, 2024, decreased by 10.3% to 4,742 homes, with a sales value of $3,192,148, down from $3,644,630 in 2023[32]. - The company ended Q4 2024 with 339 active selling communities, a 3.7% increase from 327 in Q4 2023[33]. Margins and Profitability - Home closings gross margin was 24.8% for the fourth quarter, an increase of 70 basis points from the previous year[10]. - The adjusted home closings gross margin for Q4 2024 was 24.9% of home closings revenue, compared to 24.1% in Q4 2023[45]. - Income before income taxes for Q4 2024 was $307,330,000, up from $225,254,000 in Q4 2023, indicating a 36.5% increase[43]. - Adjusted income before income taxes margin for Q4 2024 was 14.9%, compared to 14.4% in Q4 2023[43]. Assets and Equity - Total assets as of December 31, 2024, were $9,297,131, an increase from $8,672,087 in 2023[29]. - The total stockholders' equity increased to $5,878,180 in 2024, up from $5,332,286 in 2023[29]. Debt and Liquidity - Total liquidity at quarter end was approximately $1.4 billion, with a gross homebuilding debt-to-capital ratio of 24.9%[14]. - The net homebuilding debt to capitalization ratio improved to 20.0% as of December 31, 2024, down from 22.5% as of September 30, 2024[49]. - The total homebuilding debt to capitalization ratio was 24.9% as of December 31, 2024, slightly down from 25.1% as of September 30, 2024[49]. Share Repurchase - The company repurchased 5.6 million common shares for $348 million during the year, improving return on equity to approximately 16%[7]. Future Outlook - For 2025, the company forecasts home closings between 13,500 to 14,000, with a gross margin in the range of 23% to 24%[7].

SCOTTSDALE, Ariz., Feb. 12, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC), a leading national land developer and homebuilder, announced results for the fourth quarter and full year ended December 31, 2024. Reported fourth quarter net income was $242 million, or $2.30 per diluted share, while adjusted net income was $278 million, or $2.64 per diluted share. For the full year 2024, reported net income was $883 million, or $8.27 per diluted share, while adjusted net income was $931 million ...

SCOTTSDALE, Ariz., Jan. 15, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, announced today that it will release its fourth quarter 2024 results before the market opens on Wednesday, Feb. 12, 2025. Taylor Morrison will hold a conference call to discuss its results the same day at 8:30 a.m. ET.A live audio webcast of the conference call will be available on Taylor Morrison's website at www.taylormorrison.com on the Investor ...

SCOTTSDALE, Ariz., Jan. 13, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, will host its first-ever Investor Day on Thursday, March 6, 2025, in Sarasota, Florida.The event will feature presentations by Taylor Morrison's executive leadership team on the Company's long-term strategic vision and guest speaker Ali Wolf, Chief Economist at Zonda, on the state of the housing market. In-person attendees will also have the opport ...

National home builder leads industry in trust index since 2016SCOTTSDALE, Ariz., Jan. 7, 2025 /PRNewswire/ -- National homebuilder and land developer Taylor Morrison (NYSE: TMHC) has earned the title of America's Most Trusted® Home Builder by Lifestory Research for a record ten years.    Taylor Morrison has earned the title of America’s Most Trusted® Home Builder by Lifestory Research for a record ten years. "Every year that Taylor Morrison has been named America's Most Trusted® Home Builder is meaningf ...

Company Overview - Taylor Morrison is headquartered in Scottsdale, Arizona, and is one of the nation's leading homebuilders and developers, serving a wide array of consumers including first-time, move-up, luxury, and resort lifestyle homebuyers and renters under its family of brands such as Taylor Morrison, Esplanade, and Yardly [3] - The company has been recognized as America's Most Trusted® Builder by Lifestory Research from 2016 to 2024 and emphasizes sustainable operations in its annual Sustainability and Belonging Report [3] Philanthropic Initiatives - Since 2017, Taylor Morrison has donated approximately $230,000 through its Build Joy program, helping to achieve over 100 philanthropic goals [1] - The Build Joy program awards $1,000 to each of 14 team members annually to support causes meaningful to them, fostering community impact [4] - Projects funded by Build Joy include donating books for a new library at an autism-focused school, purchasing school supplies for children with cancer, supporting domestic violence survivors, creating swag packs for foster children, and covering lodging expenses for parents of babies in intensive care [2] - In 2024, Office Manager Casee Le used her Build Joy funds to support Fairytale Endings Rescue, a no-kill shelter rebuilding after Hurricane Helene destroyed its facility [7] Leadership and Vision - Taylor Morrison's Chairman and CEO, Sheryl Palmer, emphasizes the importance of the Build Joy program as an annual tradition that empowers team members to support charitable causes close to their hearts [6]

Taylor Morrison Home Corporation’s (TMHC) performance is benefiting from a steady mix of to-be-built and spec homes, strategic land investments and a balanced capital allocation approach to ensure shareholder value.This Arizona-based homebuilder and land developer’s shares have gained 10.5% in the past six months, outperforming the Zacks Building Products - Home Builders industry and the Zacks Construction sector. Although TMHC’s price performance fell short of the S&P 500 index during the same time frame, ...