M/I Homes, Inc. (MHO) Q3 2022 Earnings Conference Call October 26, 2022 4:00 PM ET Company Participants Phil Creek ??? Chief Financial Officer Bob Schottenstein ??? President and Chief Executive Officer Derek Klutch ??? President-Mortgage Company Conference Call Participants Jesse Lederman ??? Zelman & Associates Operator Hello, and welcome to today???s M/I Homes Incorporated Third Quarter Earnings Conference Call. My name is Bailey and I???ll be your moderator for today???s call. All lines will be muted du ...

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 ☐ 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 1-12434 M/I HOMES, INC. (Exact name of registrant as specified in it charter) (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - The company reported record quarterly net income of $136.7 million, a 27% increase year-over-year, and a 34% increase in earnings per diluted share [6][25] - Revenues increased by 8% to a record $1 billion, with gross margins improving by 220 basis points to 27.3% [7][22] - The return on equity improved to 27%, and the pretax income margin was 17.5% [6][23] - The backlog sales value increased by 9% to a record $2.7 billion [7] Business Line Data and Key Metrics Changes - The company sold 1,820 homes during the quarter, a decline of 20% from the record 2,267 homes sold in the same quarter last year [9] - The Smart Series, the most affordable line of homes, comprised approximately 50% of company-wide sales, up from 40% a year ago [10] - M/I Financial, the Financial Services segment, contributed pretax income of $8.7 million, down from $18 million in the previous year [28] Market Data and Key Metrics Changes - New contracts in the Southern region decreased by 21%, while the Northern region saw a decrease of 18% [12] - Deliveries in the Southern region decreased by 13%, while deliveries in the Northern region increased by 4% [13] - The company experienced strong performance in markets such as Dallas, Minneapolis, Tampa, Raleigh, Columbus, and Charlotte [11] Company Strategy and Development Direction - The company plans to open a record number of new communities in the latter half of 2022 and continue to grow community count in 2023 [14] - The company maintains a strong land position with approximately 24,800 owned lots, representing roughly a 3-year supply [15] - The management emphasized the importance of securing premier locations and maintaining flexibility through option contracts [42] Management's Comments on Operating Environment and Future Outlook - Management noted a noticeable moderation in demand due to rising mortgage rates and inflationary pressures [8] - Despite current challenges, the company believes housing fundamentals remain solid with an undersupply of homes and favorable long-term demographics [16] - The management expressed confidence in navigating through uncertain times due to a strong balance sheet and low debt levels [18] Other Important Information - The company ended the quarter with record shareholders' equity of $1.8 billion, a 24% increase year-over-year [17] - The average closing price for the second quarter was an all-time record of $477,000, a 16% increase from the previous year [22] - The company repurchased 860,000 shares for $40 million in the first half of the year, with $108 million remaining under the repurchase authorization [25][26] Q&A Session Summary Question: Impact of lumber price drop on gross margins - Management indicated that the drop in lumber prices is just beginning to be reflected in closing margins, with most homes closed during the quarter not reflecting the decline [39][40] Question: Re-underwriting of option contracts - The company is revisiting underwriting metrics for deals as market conditions change, ensuring flexibility and careful evaluation of each deal [42][43] Question: Incentives and pricing strategies - Management noted that while some incentives are being offered, there hasn't been widespread price cutting, and they are focused on closing their profitable backlog [84][86] Question: July sales activity - Management observed that July is looking more like June, with some markets showing strength while others are under pressure [60][61] Question: Land prices and competition - The company noted that land prices are leveling off, with less competition for new land deals, but they do not foresee significant price declines [122][123]

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 (Exact name of registrant as specified in it charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Ohio 31-1210837 4131 Worth Avenue, Suite 500, Columbus, Ohio 43219 (Address of principal executive offices) (Zip Code) | (614) 418-8000 | | ...

M/I Homes, Inc. (MHO) Q1 2022 Earnings Conference Call April 27, 2022 4:00 PM ET Company Participants Phillip Creek - EVP and CFO Robert Schottenstein - CEO and President Susan Krohne - SVP and Chief Legal Officer Derek Klutch - President, Mortgage Company Ann Marie Hunker - VP, Chief Accounting Officer and Controller Mark Kirkendall - VP, Treasurer Conference Call Participants Art Winston - Pilot Advisors Alex Barron - Housing Research Center Jay McCanless - Wedbush Jesse Lederman - Zelman & Associates Ope ...

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 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ (Address of principal executive offices) (Zip Code) Commission File Number 1-12434 (614) 418-8000 (Registrant's telephone number, including area code) M/I H ...

M/I Homes, Inc. (MHO) Q4 2021 Earnings Conference Call February 2, 2022 4:00 PM ET Company Participants Phillip Creek - Executive Vice President and Chief Financial Officer Robert Schottenstein - Chairman, President and Chief Executive Officer Derek Klutch - President of Mortgage Company Ann Marie Hunker - Vice President, Chief Accounting Officer and Controller Conference Call Participants Jesse Lederman - Zelman & Associates Alex Barron - Housing Research Center, LLC Jay McCanless - Wedbush Securities Inc. ...

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 ☐ 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 1-12434 M/I HOMES, INC. (Exact name of registrant as specified in it charter) Ohio 31-1210837 (State or oth ...

M/I Homes, Inc. (MHO) Q3 2021 Earnings Conference Call October 27, 2021 4:00 PM ET Company Participants Phillip Creek - EVP and CFO Robert Schottenstein - CEO and President Derek Klutch - President, Mortgage Company Ann Marie Hunker - VP, CAO, Controller Kevin Hake - Senior VP Conference Call Participants Aaron Hecht - JMP Securities Ivy Zelman - Zelman & Associates Alex Barron - Housing Research Center Art Winston - Pilot Advisors Jay McCanless - Wedbush Operator Hello and welcome to M/I Homes Third Quarte ...

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 ☐ 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 1-12434 M/I HOMES, INC. (Exact name of registrant as specified in it charter) (State or other jurisdiction of in ...