Financial Data and Key Metrics Changes - Residential revenue for Q3 2022 increased by 17.1% year-over-year to $397 million, driven by a 33% increase in average sales price [7][29] - Net income for Q3 2022 was $74 million, or $1.57 per diluted share, representing a year-over-year increase of 65% [8][32] - Year-to-date annualized return on equity was 34.9%, about 1,100 basis points higher than last year [8][35] - Total revenues in Q3 2022 increased by 19% year-over-year to $408 million [29] - Homebuilding gross margin reached a record high of 32.4% in Q3 2022, up from 32.3% in Q2 2022 [30] Business Line Data and Key Metrics Changes - The number of closings declined by 12% to 650 homes due to lower start pace in prior quarters and a smaller backlog [29][33] - Net new home orders decreased by 41% year-over-year to 404, with a quarterly absorption rate per average active selling community decreasing to 5.3 homes [33][40] - Cancellation rate increased to 17.6% for Q3 2022 compared to 6.9% for the same period last year [34] Market Data and Key Metrics Changes - The U.S. housing market has seen mortgage rates more than double from a year ago, hitting a 20-year high in October [9] - Existing home listings in the DFW area represent a 2.2 months supply, while finished new home inventory represents a 1.3 months supply, both below pre-pandemic levels [15][17] - The company’s core markets, particularly Dallas and Atlanta, have shown better performance compared to other markets like California and Las Vegas [13][14] Company Strategy and Development Direction - The company maintains a strong balance sheet with a debt to total capital ratio of 28% and net debt to total capital of 25.5% [19] - The strategic focus includes disciplined land investment underwriting and maintaining a superior land pipeline [20][26] - The company plans to slow down land acquisitions and development spending by approximately 45% in 2023 compared to 2022 [50][100] Management's Comments on Operating Environment and Future Outlook - Management expects the housing inventory and market to remain choppy in the short term due to high mortgage rates and inflationary pressures [11] - Long-term demand for homes is anticipated to continue, driven by millennials entering the housing market [18] - The company is optimistic about its position in the market, citing strong demographics and migration trends in its core markets [13][14] Other Important Information - The company has been actively managing its sales pace and construction starts on a community-by-community basis [43] - The company expects to complete 880 finished lots between 2022 and 2023 in 73 communities [51] - The company is focused on value engineering to reduce cycle times and costs, with a modest sequential improvement in cycle times noted [55] Q&A Session Summary Question: SG&A increase and future run rate - Management explained that the increase in SG&A was due to fixed costs and a larger denominator from lower revenues, with plans to cut costs moving forward [63][66] Question: Opportunities for growth in existing or new markets - Management indicated potential opportunities in 2023 for acquiring private builders and expanding into new markets, particularly in the southeastern U.S. [68][69] Question: Direction of gross margins in the near term - Management noted that gross margins in A Class infill neighborhoods are being maintained due to supply constraints, while C location neighborhoods face more challenges [72][73] Question: Incentives and cancellations in October - Management confirmed that incentives increased from 4.2% in Q3 to 6.3% in October, with cancellations also rising [97] Question: Number of starts this quarter - The company started 490 homes in Q3 2022, down from 801 homes a year ago [105][106] Question: Pricing strategy for new communities - Management stated that pricing strategy will depend on neighborhood location, with a focus on competitive pricing in new neighborhoods [108]

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, ...