Investor Relations

Positioned for Growth in Entry-level and First Move-up Housing Markets

For more than 36 years, Meritage Homes has been delivering the American dream of homeownership to more than 135,000 families and is a renowned industry leader in energy-efficient homebuilding. We offer homes that are designed with a focus on entry-level and first move-up buyers in Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.

Meritage Homes at a Glance

9

States

36

Years in Business

145,000+

Homes Built

Latest Financial Results

29.7%

Third quarter 2021 home closing gross margin of 29.7% was a new Company quarterly record. The 820 bps improvement from 21.5% a year ago mainly resulted from pricing power and leveraging of fixed costs on greater home closing revenue, which more than offset higher lumber prices and increases in other commodity costs.

$5.25

Third quarter 2021 diluted EPS was a new Company quarterly record, reflecting the elevated homebuying demand in the market today and our successful operating model.

236

Ending community count increased by 16% year-over-year from 204 at September 30, 2020 to 236 at September 30, 2021. Sequentially, we added 10 net communities from 226 at June 30, 2021.

Latest Annual Report

For Fiscal Year Ending Dec 31, 2020

For complete information regarding our financials, see our periodic filings

Broad Footprint in Growing Markets

East Bay, Central Valley, Sacramento and Southern CA; Phoenix / Scottsdale and Tucson, AZ; Denver, CO; Dallas / Fort Worth, Austin, San Antonio and Houston, TX; Nashville, TN; Raleigh and Charlotte, NC; Greenville, SC; Atlanta, GA; Orlando, Tampa and South Florida

A Renowned Leader in Energy-efficient Homebuilding

A Renowned Leader in Energy-efficient Homebuilding

Meritage Homes is the sixth-largest public homebuilder in the United States, based on homes closed in 2020. Meritage offers a variety of homes that are designed with a focus on entry-level and first move-up buyers in Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.

The Company has delivered over 145,000+ homes in its 36-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. Meritage is the industry leader in energy-efficient homebuilding and an eight-time recipient of the U.S. Environmental Protection Agency's ENERGY STAR® Partner of the Year for Sustained Excellence Award since 2013 for innovation and industry leadership in energy efficient homebuilding.

Average Community Count by Product Type

3Q21

Orders by Product Type

3Q21

Recent Quarterly Results by Region

West Region

Home Closing Revenue (In thousands)

Central Region

Home Closing Revenue (In thousands)

East Region

Home Closing Revenue (In thousands)

West Region

Homes Closed

Central Region

Homes Closed

East Region

Homes Closed

National & Regional Awards

Meritage Homes is a nationally recognized leader in public homebuilding and is a recipient of various national and regional awards.

Energy Stars 2019 - Partner of the year Sustained Excellence
Energy - Leadership in housing award recipient
Avid award diamond
Avid award benchmark
Avid award gold
Green Builder Home of the year

Offering Great Homes at Affordable Prices

We are committed to building great homes that are designed with a focus on entry-level and first move-up buyers in hundreds of communities in 9 states.

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Setting the Bar for Homes of The Future

We’re setting the new standard in home construction and design and leading the way in energy-efficient homes so that families across the U.S. can live better and healthier.

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Providing More Than Just Homes

Our comprehensive library of buyer resources provides helpful information on home buying, financing, design, energy efficiency, and more.

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Investor Contact Information

Company

Meritage Homes Corporation
8800 E. Raintree Drive
Suite 300
Scottsdale, AZ 85260
T: (480) 515-8100
Contact.Center@MeritageHomes.com

Investor Relations

Emily Tadano
Vice President, Investor Relations
T: (480) 515-8979
Investors@MeritageHomes.com

Transfer Agent

Computershare
462 South 4th Street
Louisville, KY 40202
T: (800) 851-9677
www.computershare.com