Beazer Homes USA (BZH) investor relations material

Strategic positioning and differentiation

• Focuses on energy efficiency leadership, with homes averaging a HERS score of 32 in 2025, the lowest among top 30 national homebuilders.

• Differentiates through advanced home performance, curated buyer choices, and elevated customer experiences.

• All homes are certified Zero Energy Ready, with features like LED lighting, high-performance windows, and EV charging readiness.

• Targets households with ~$150k income in resilient, high-growth markets, especially Texas.

• Emphasizes reducing total cost of homeownership via utility, mortgage, and insurance savings.

Financial performance and capital allocation

• Fiscal 2025 revenue reached $2.37B, with 4,427 closings and an average selling price of $520k.

• Homebuilding gross margin was 18.0%, and book value per share rose to $42.57.

• Net leverage at year-end was 39.5%, with a goal to reduce it to the low 30% range by FY27.

• FY26 focus includes stock buybacks, with $87M authorized and $33M repurchased in FY25.

• Over $150M in non-strategic land sales planned to fund buybacks and improve capital efficiency.

Multi-year goals and growth outlook

• Aims for over 200 active communities by FY27, up from 169 at FY25 year-end.

• Seeks double-digit CAGR in book value per share from FY24 to FY27, targeting the $50s.

• Plans to normalize sales pace and shift mix toward higher-margin communities.

• Expects 200–300 bps gross margin expansion from Q2 to Q4 FY26 through cost and mix improvements.

• Disciplined capital allocation strategy prioritizes growth, leverage reduction, and book value expansion.