INVESTOR PRESENTATION JANUARY 2026 FORWARD-LOOKING STATEMENTS Certain statements in this Investor Presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements often discuss our plans, strategies, intentions, markets, beliefs, forecasts and guidance, and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as "expects," "may," "will," "believes," ...

Financial Performance - Fourth quarter total revenues reached $1.2 billion, with home sales revenues totaling $1.1 billion[6] - Fourth quarter net income was $36.0 million, or $1.21 per diluted share, while adjusted net income was $47.1 million, or $1.59 per diluted share[6] - Full year 2025 total revenues amounted to $4.1 billion, with home sales revenues of $3.9 billion[10] - Full year 2025 net income was $147.6 million, or $4.86 per diluted share, with adjusted net income of $181.7 million, or $5.99 per diluted share[10] - Adjusted net income for Q4 2025 was $47,101, compared to $113,596 in Q4 2024, a decrease of 58.6%[35] - Adjusted diluted earnings per share (EPS) for Q4 2025 was $1.59, down from $3.54 in Q4 2024, a decline of 55.1%[35] - The company reported a net income of $35,956 for Q4 2025, compared to $102,741 in Q4 2024, a decrease of 65.0%[35] - Net income for Q4 2025 was $35,956, a decline of 65.0% compared to $102,741 in Q4 2024[42] - EBITDA for Q4 2025 decreased by 52.6% to $75,884 from $160,174 in Q4 2024[42] - Adjusted EBITDA for Q4 2025 was $97,352, down 47.2% from $184,502 in Q4 2024[42] Home Sales and Deliveries - Total residential units delivered in the fourth quarter were 3,435, including 3,030 new homes[4] - The average sales price of new home deliveries for the fourth quarter was $366,700, while for the full year it was $378,000[6][10] - Total new home contracts for 2025 were 10,326, a decrease of 3.3% from 10,676 in 2024[27] - Average sales price for homes delivered in 2025 was $378.0 thousand, down 3.3% from $390.9 thousand in 2024[27] - The number of new home deliveries in Q4 2025 was 3,030, down 5.3% from 3,198 in Q4 2024[27] - Home sales revenues for Q4 2025 were $1,111,045, a decrease of 10.9% from $1,246,697 in Q4 2024[39] Inventory and Assets - Lot inventory decreased from 80,632 in 2024 to 60,916 in 2025, a decline of 24.5%[31] - Backlog of homes as of December 31, 2025, was valued at $283,725 thousand, a decrease of 19.2% from $351,162 thousand in 2024[30] - Total assets decreased from $4,532,472 in 2024 to $4,459,895 in 2025, a decline of 1.6%[25] - Total liabilities decreased from $1,911,616 in 2024 to $1,868,163 in 2025, a decline of 2.3%[25] Shareholder Returns and Equity - The company repurchased 333,881 shares of common stock for $20.0 million in the fourth quarter and 2,267,723 shares for $143.6 million over the full year, returning a record $178 million to stockholders[14] - As of December 31, 2025, the company had a book value per share of $89.21, a company record[13] - The company reported a total stockholders' equity of $2,591,732 in 2025, slightly down from $2,620,856 in 2024[47] Margins and Debt - Homebuilding gross margin for the fourth quarter was 15.4%, with an adjusted gross margin of 18.3%[8] - Adjusted homebuilding gross margin excluding inventory impairment for Q4 2025 was $182,415, representing 16.4%, down from 21.2% in Q4 2024[39] - The adjusted homebuilding gross margin excluding interest, inventory impairment, and purchase price for 2025 was $781,661, or 19.9%, compared to 23.3% in 2024[39] - Total homebuilding debt decreased to $1,063,607 in 2025 from $1,140,973 in 2024[47] - The ratio of net homebuilding debt to net capital improved to 25.9% in 2025 from 27.4% in 2024[47] - Inventory impairment increased by 59.0% in Q4 2025 to $10,865 compared to $6,835 in Q4 2024[42]

Core Insights - Celestica, Inc. (CLS) is expected to report fourth-quarter 2025 earnings on January 28, with anticipated revenue growth driven by the Connectivity & Cloud Solutions segment due to strong demand in the communications market [2][10] Product Developments - During the quarter, Celestica launched the SD6300 ultra-dense storage expansion system to address the increasing AI data growth in both traditional and hyperscale data centers, optimizing space utilization within standard racks [3] - The company also introduced two new 1.6TbE data center switches, the DS6000 and DS6001, which are designed to support high-bandwidth AI/ML applications, effectively doubling the switching capacity of its current offerings [4] Market Performance - Celestica has gained significant traction in the rapidly growing AI data center market, with strong demand for its 800G switches among hyperscalers expected to drive growth in the communications sector, despite some weakness in the enterprise market [5] - The Zacks Consensus Estimate for CCS revenues is projected at $2.66 billion, up from $1.73 billion a year ago, while total revenue is expected to reach $3.45 billion, reflecting a year-over-year growth of 35.46% [6][10] Earnings Expectations - Net income for the quarter is projected at $218.5 million, with earnings per share estimated at $1.73, an increase from $1.11 in the same quarter last year [6]

Core Insights - Century Communities, Inc. is expanding its presence by adding over 100 homes to the planned community of Lone Oak in Alvarado, Texas, which will feature amenities such as a community center, pool, and parks, and is conveniently located near downtown Fort Worth [1][5] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, having been named one of America's Most Trustworthy Companies for three consecutive years and one of the World's Most Trustworthy Companies in 2025 [7] - The company operates in 16 states and over 45 markets across the U.S., offering a range of services including mortgage, title, insurance brokerage, and escrow services through its subsidiaries [7] Product Offering - The new homes in Lone Oak will include modern single- and two-story floor plans, featuring 3 to 4 bedrooms, 2 to 3 bathrooms, and 2-bay garages, with sizes ranging from 1,508 to 2,260 square feet [5] - Homes will come equipped with the Century Home Connect® smart home package and will be priced starting from the high $200s [5] Marketing and Sales Strategy - A Grand Opening event is scheduled for January 31, featuring tours of the model home, giveaways, and special offers for attendees [2][3] - The company promotes an innovative online homebuying experience, allowing customers to shop and purchase homes electronically [4][6]

Core Insights - Century Communities, Inc. is launching Grants Landing, a new community of homes priced from the $300s, located near downtown Salisbury, NC [1][5] - The Grand Opening event is scheduled for January 23, featuring a ribbon-cutting ceremony and tours of model homes [2][3] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, having been named one of America's Most Trustworthy Companies by Newsweek for three consecutive years [7] - The company operates in 16 states and over 45 markets, offering a range of services including mortgage and insurance through its subsidiaries [7] Community Features - Grants Landing will offer over 200 single-family homes with one- and two-story floor plans, ranging from 1,758 to 2,725 square feet, and featuring 3 to 6 bedrooms [5] - Homes will include modern amenities such as open-concept layouts, quartz kitchen countertops, and smart home technology [5] Location and Accessibility - The community is strategically located within 10 miles of Rowan County's five largest employers and is easily accessible via NC Highway 150 and I-85, approximately 42 miles from Charlotte [5]

Core Insights - Century Communities, Inc. announces the Grand Opening of a new model home at Stonemill, located about 30 miles from Uptown Charlotte, with homes starting from the mid $500s [1][3] Group 1: Grand Opening Event - The Grand Opening event is scheduled for January 21 from 11 a.m. to 1 p.m., featuring a ribbon-cutting ceremony with the Union County Chamber [2] - Attendees will have the opportunity to tour the newly decorated Daffodil model, which includes two stories, four bedrooms, and a flexible loft [2] Group 2: Community Features - Stonemill offers homesites of over 1 acre, with floor plans ranging up to 3,518 square feet and accommodating up to five bedrooms [3][5] - The homes feature modern designs with open layouts, primary suites with walk-in closets, stainless-steel appliances, 9' main-floor ceilings, and quartz countertops [3][5] - The community provides both quick move-in and to-be-built options, allowing buyers to customize their floor plans and interior selections [3][5] Group 3: Online Homebuying Experience - Century Communities promotes an industry-first online homebuying experience for all available homes in North Carolina [4][6] - The online process includes steps such as filling out a Buy Online form, electronically submitting an earnest money deposit, and signing a purchase contract via DocuSign® [6] Group 4: Company Overview - Century Communities is one of the largest homebuilders in the U.S. and a leader in online home sales, recognized as one of America's and the World's Most Trustworthy Companies by Newsweek [7] - The company operates in 16 states and over 45 markets, offering a range of services including mortgage, title, insurance brokerage, and escrow services through its subsidiaries [7]

Core Insights - Century Communities is hosting a Grand Opening event on January 17, showcasing new model homes and offering savings opportunities for homebuyers [1][2]. Company Overview - Century Communities, Inc. (NYSE: CCS) is a leading homebuilder in the U.S., recognized for its online home sales and has been named one of America's Most Trustworthy Companies for three consecutive years [4]. - The company operates in 16 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow services through its subsidiaries [4]. Product Offerings - The new Painted Prairie community features two single-family home collections, Haven I and Haven II, with options for single- and two-story floor plans [5]. - Homes range from 1,743 to 2,410 square feet, offering 3 to 4 bedrooms and 2 to 3 bathrooms, equipped with modern amenities such as LG stainless-steel appliances and granite countertops [5]. Community Features - The Painted Prairie community includes over 10 parks, trails, open spaces, gardens, and plans for a future town center, enhancing the living experience for residents [5]. Online Homebuying Experience - Century Communities offers an industry-first online homebuying experience, allowing customers to shop and purchase homes conveniently through their website [3][6].

Core Insights - The U.S. housing market is facing challenges, particularly on the supply side, with mixed signals from new residential sales and building permits data [1][8] - The market is adjusting to the Federal Reserve's rate cut in September 2025, with expectations of further cuts boosting optimism among homebuyers, although homebuilders are not fully capitalizing on this trend [2] Sales and Prices - New single-family home sales in October 2025 were 737,000 units, a slight decrease of 0.1% from September 2025 but an increase of 18.7% from October 2024 [3] - The median sales price of new houses sold in October 2025 was $392,300, down 3.3% month over month and 8% year over year, while the average sales price was $498,000, up 3% from September 2025 but down 4.6% year over year [3] Building Permits and Housing Starts - Privately-owned housing units authorized by building permits in October 2025 were 1,412,000, reflecting a decline of 0.2% month over month and 1.1% year over year [4] - Privately-owned housing starts were 1,246,000 in October 2025, indicating a 4.6% decline from September 2025 and a 7.8% fall from October 2024 [5] Mortgage Rates - The 30-year fixed-rate mortgage was reported at 6.17% for the week ending October 30, 2025, down from 6.34% the previous week and significantly lower than 6.72% a year prior [6] Market Outlook - The U.S. housing industry is expected to improve in early 2026 due to declining mortgage rates and new government policies aimed at reducing housing costs, including a $200 billion mortgage bond purchase initiative [7] - Despite potential improvements, ongoing macroeconomic challenges related to tariffs and inflation are impacting supply, as evidenced by declining building permits and housing starts [8] Company Performance - Homebuilders such as Century Communities, Dream Finders Homes, and Green Brick Partners are positioned to benefit from favorable market fundamentals despite current macro headwinds [11] - Century Communities has seen a 13.1% increase in share price over the past six months, with EPS estimates for 2026 expected to grow 34.2% year over year [12][13] - Dream Finders Homes has experienced a 29.2% decline in share price over the past six months, with EPS estimates for 2026 expected to grow 4.6% year over year [13][14] - Green Brick Partners has seen an 11.2% increase in share price over the past six months, with EPS estimates for 2026 expected to decrease slightly by 0.3% year over year [14][15]

Core Insights - The 2025/2026 seasonal trade for homebuilder stocks commenced with the iShares U.S. Home Construction ETF (ITB) in a bear market, indicating trades began at significant discounts [1] Group 1: Market Context - The current market environment reflects a bear market for homebuilder stocks, which may present unique trading opportunities [1] Group 2: Analyst Background - Dr. Duru, who has been blogging about financial markets since 2000, has extensive experience through various market cycles, including the dot-com bubble, financial crisis, and the coronavirus pandemic [1] - The blog "One-Twenty Two" offers alternative narratives and challenges conventional market wisdom, focusing on stocks, options, currencies, and Bitcoin [1] - Dr. Duru holds a B.S. in Mechanical Engineering and a Ph.D. in Engineering-Economic Systems, with a background in operations research, management consulting, and data analytics [1]

Core Viewpoint - Century Communities (CCS) shares experienced a significant rally of 10.9%, closing at $68.33, driven by notable trading volume and renewed optimism regarding housing affordability in the U.S. [1][2] Company Performance - CCS is projected to report quarterly earnings of $1.39 per share, reflecting a year-over-year decline of 60.2%, with expected revenues of $1.07 billion, down 16.2% from the previous year [3] - The consensus EPS estimate for CCS has remained unchanged over the last 30 days, indicating a lack of upward revisions which typically correlate with stock price movements [4] Industry Context - CCS operates within the Zacks Building Products - Home Builders industry, where another company, Meritage Homes (MTH), also saw a significant increase of 10.4% in its stock price, closing at $75.45 [5] - Meritage is expected to report an EPS of $1.57, which represents a 66.7% decline from the previous year, and currently holds a Zacks Rank of 4 (Sell) [6]