M/I Homes (MHO) Investor presentation summary

Company overview and market position

• Ranked #13 among national homebuilders, operating in 234 communities across 17 markets as of June 30, 2025.

• Delivered 8,997 homes and generated $4.5B in revenue in the last twelve months ending June 30, 2025.

• Maintains a diversified customer base, including first-time, move-up, and active adult buyers.

• Top 5 builder in 8 markets and top 10 in 13 markets, with a strong presence in both northern and southern regions.

• Offers in-house mortgage and title services, achieving a 92% capture rate in Q2 2025.

Financial performance and highlights

• Achieved record Q2 2025 revenue of $1.16B and delivered 2,348 homes, up 5% and 6% year-over-year, respectively.

• Gross margin for Q2 2025 was 24.7%, with a pre-tax income of $160M and diluted EPS of $4.42.

• Return on equity was 17% for the last twelve months ending June 30, 2025.

• Shareholders' equity reached $3.08B as of June 30, 2025.

• Maintains a strong balance sheet with conservative leverage and net homebuilding debt/capitalization at -3%.

Strategic focus and operational initiatives

• Focuses on affordability, with 52% of Q2 2025 sales from homes averaging $400,000.

• Pursues a balanced land strategy, controlling a 5.6-year lot supply, with 49% owned and 51% optioned lots.

• Emphasizes quality, customer service, and diversity as core values.

• Plans to increase community count and market share while maintaining profitability and returns.

• Land spend for the last twelve months was $488M, with an average of 227 active communities.