Managing Growth and 2020 Highlights

2020 Highlights All-time records for homes delivered, revenue, and pre-tax income Very strong margins Financial Performance ($M, except ASP and EPS) 14 Twelve Months Ended YOY 12/31/2020 12/31/2019 % change New contracts 9,427 6,773 +39% Avg. active communities 215 218 (1)% Homes delivered 7,709 6,296 +22% Average sales price ($000s) $381 $384 (1)% Homebuilding revenue Total revenue $2,959 $2,445 +21% $3,046 $2,500 +22% Gross margin (%) 22.2% 19.6% Pre-tax income $310.0 $166.0 +87% Pre-tax margin (%) 10.2% 6.6% Earnings per share Basic Diluted $8.38 $4.58 +83% $8.23 $4.48 +84% M/I HOMES

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