LandSea Homes Investor Presentation

40 RECONCILIATIONS OF ADJUSTED METRICS $ in millions Home Sales Home Sales COGS Home Sales Gross Margin Margin % Add: Intercompany Interest in COGS Add: Interest in COGS Add: Purch. Acctg. in COGS Fully Adj. Home Sales Gross Margin Margin % Source: Landsea Homes Management ADJUSTED HOMEBUILDING GROSS MARGIN 2017 $28.8 (27.2) $1.6 5% 2.7 1.3 $5.5 19% FYE 12/31 2018 $347.8 (279.0) $68.9 20% 9.2 7.1 $85.1 24% 2019 $568.9 (478.1) $90.8 16% 15.6 24.7 2.9 $134.1 24% LANDSEAⓇ® HOMES Live in your element®

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