Investor Presentaiton

Rapid growth at scale and improving profitability Homes sold CAGR +145% 3,127 7,470 18,799 2017 2018 2019 1Q20 Run Rate Revenue ($B) 19,632 Note: Adjusted EBITDA Margin is a non-GAAP metric, see reconciliation in Appendix CAGR +159% $0.7 1Q20 run rates do not reflect the full impact of COVID-19; see Summary Financials for full-year 2020 projections $1.8 $5.0 $4.7 Adjusted EBITDA Margin (8.0%) (7.1%) (4.6%) 2017 2018 2019 1Q20 2017 2018 2019 1Q20 Run Rate (2.3%) 35 55

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