Forestar Investor Presentation March 2014 Growing Forward Through Strategic and Disciplined Investments and Increasing Returns
Maximizing LongTerm Shareholder Value Through the Development of Best of Class Oil and Gas and Real Estate Businesses
Maximizing LongTerm Shareholder Value 4
Execution of Initiatives and Strategic Acquisitions Positions Forestar with Stronger Portfolio of Assets Assets and Resources YE 2013 Land 130,000 acres, principally low basis land Real Projects 95 (10 states and 14 markets)…
Execution of Triple in FOR Initiatives Putting EBITDA Points on the Board Triple in FOR Initiatives Focus on Accelerating Value Realization Optimize Transparency & Disclosure Raise NAV Through Strategic and Disciplined Investments…
Real Estate Building Momentum By Accelerating Real Estate Sales and Building a Solid Multifamily Pipeline 7
Delivering The Greatest Value From Every Acre of Our Real Estate Real Estate Pipeline Activity Uses Financials 2 (Acres) 1 Greatest Value Development 2,000 1,122 residential acres - 3,082 lots 55K per lot 682 commercial acres 170K…
Real Estate Capitalizing on Housing Recovery Annual Lot Sales & Avg. Lot Margin Lot Sales Gross Profit ( in millions) 2006 Peak Sales = 3,600 lots 2,500 30,000 41.2 25,000 2,000 1,883 20,000 Average Lot Margin 1,500…
Texas Markets Driving Lot Sales and Margins FOR Well Positioned With Lot Inventory in Texas Markets Forestar Lot Sales Profit by Market (FY 2013) Austin Other Texas 90% of FY 2013 lot profit Atlanta 3% 2% 5% Nashville 2013 lot…
Building Solid Pipeline of Multifamily Development Opportunities (Proforma) Proforma Project Cash Flows Proforma Forestar Cash Flows ( in millions) Total Expected FOR % FOR Development Project FOR Total Cash Project Market…
Real Estate Acquisitions and Investment in Development Generating Earnings & Cash Flow Real Estate Acquisition Activity Proforma Returns ( in millions) Capital Communities Markets Lots/Units Cash Multiple Cash Flow 2013 Acquisitions…
Core Real Estate Business Strengthening Real Estate Segment Earnings Contribution Accelerating Value Realization (Excluding Timberland Sales & Asset Impairments) 75 Capitalizing on housing recovery by driving lot sales and margin…
Oil and Gas Building Momentum By Driving Leasing and Exploration to Increase Production and Reserves 14
Located In Prolific Oil & Gas Basins Net Mineral Interests* Over 830,000 net mineral acres located in State Owned Leasehold Total prolific oil and gas basins Texas 252,000 13,000 265,000 Louisiana 144,000 4,000 148,000 73,000 net…
Production Growth Driven by Bakken / Three Forks Average Daily Production Average Daily Production Working Interests 3,000 2,000 2,500 1,500 2,000 Boe / Day Boe / Day 1,500 1,000 1,000 500 500 0 0 2011 2012…
Reserve Growth Driven by Bakken / Three Forks Net Reserve Production Reserve ( in millions) Growth Replaced Increase Proven Reserves (MMBoe) (MMBOE) (MMBOE) (MMBOE) % Oil* Investment 2013 8.5 4.0 1.1 = 2.9 69% 99 2012 5.6 3.3 0.7…
Bakken / Three Forks Drilling Activity Accelerating Investment and Value Realization Bakken/Three Forks Production (Boe/Day) Bakken / Three Forks Leasehold Interests 1,200 Activity Gross Wells 1,000 Producers at YE 2013 * 80 800…
Kansas / Nebraska Drilling Activity Accelerating Production and Value Growth Kansas / Nebraska Production (Boe/Day) Kansas / Nebraska Leasehold Interests 600 500 Activity Gross Wells BOE/Day 400 Producers at YE 2013* 97 300…
2014 Capital Investment Plan Total Oil & Gas 2014 Capital Investment: 175 200 million Capital Allocation by Activity and Region Drilling & Completion Proforma Returns *** Land Seismic Acquisition 5% 80% Other 10% Land Drilling…
Accelerating Value Realization and Growing Net Asset Value Forestar Oil and Gas EBITDAX Capitalizing on investments to ( in millions) 60 1,200 accelerate earnings and cash flow 1,000 Increasing oil production and Production…
Strategic Initiatives Update Growing Forward Through Strategic and Disciplined Investments and Increasing Returns
Establishing New Strategic Initiatives Growing LongTerm Shareholder Value Growing Through Strategic and Disciplined Investment Increasing Returns 2016 Target ROA =10.0% 2013 ROA = 6.1% 2008 2011 Avg. ROA = (0.1%)* *…
Growing Through Disciplined Investment and Increasing Returns Real estate acquisition and development Oil and gas exploration and development Growing Strategic acquisitions 2016 Targets: FORWARD Total Segment EBITDA of 200 million…
Delivering Shareholder Value Through Execution of Strategic Initiatives 2009 Strategic Initiatives Monetize 175,000 acres of timberland and reduce debt 150 million 2012 Triple in FOR Triple total segment EBITDA, oil and gas…
Forestar Investor Presentation March 2014 For questions, please contact: Anna Torma SVP Corporate Affairs Forestar Group Inc. 6300 Bee Cave Road Building Two, Suite 500 Austin, TX 78746 512-433-5312 annatormaforestargroup.com…
Financial Tools and Additional Disclosures Available on our Website FORESTAR GROUP INC. RESIDENTIAL & COMMERCIAL - ENTITLED, DEVELOPED AND UNDER DEVELOPMENT AT SECOND QUARTER-END 2013 Residential Commercial Historical Financials…
Reconciliation of Non-GAAP Financial Measures (Unaudited) Forestars Total Segment EBITDA is a nonGAAP financial measure within the meaning of Regulation G of the Securities and Exchange Commission. NonGAAP financial measures are not in…
Reconciliation of Non-GAAP Financial Measures (Unaudited) Forestars Segment EBITDA is a nonGAAP financial measure within the meaning of Regulation G of the Securities and Exchange Commission. NonGAAP financial measures are not in…
Reconciliation of Non-GAAP Financial Measures (Unaudited) Forestars Oil and Gas Segment EBITDAX is a nonGAAP financial measure within the meaning of Regulation G of the Securities and Exchange Commission. NonGAAP financial measures are…
YE 2013 Net Proved Reserves 20122013 20112012 ( in millions) 2013 2012 2011 % Change % Change Proved Developed Producing Reserves1 Oil and NGL Reserves MBBL 3,224.6 2,105.2 1,053.7 53% 100% Gas Reserves BCF 13.3 12.2 11.4 9% 7%…
Reconciliation of Non-GAAP Financial Measures (Unaudited) In our full year and fourth quarter 2013 earnings release and conference call presentation materials furnished to the Securities and Exchange Commission on Form 8K on February…
Forestar Investor Presentation March 2014 For questions, please contact: Anna Torma SVP Corporate Affairs Forestar Group Inc. 6300 Bee Cave Road Building Two, Suite 500 Austin, TX 78746 512-433-5312 annatormaforestargroup.com…
Loading...
