Investor Presentaiton

• • kb First Quarter 2022 Highlights HOME (all comparisons on a year-over-year basis) ($ in millions except Average Selling Price) . Revenues grew 23% to $1.40 billion Homebuilding operating income grew 49% to $169.6 million. Homebuilding operating income margin improved 220 basis points to 12.2%. - - Housing gross profit margin increased 160 basis points to 22.4%. Excluding inventory-related charges, housing gross profit margin improved 130 basis points from 21.1%. Selling, general and administrative expenses as a percentage of housing revenues improved 50 basis points to 10.2% Q1 2022 Q1 2021 % Change Housing Revenues $1,394.2 $1,137.4 23% Deliveries 2,868 2,864 Average Selling Price $486,100 $397,100 22% Net Orders Net income and diluted earnings per share increased 38% to $134.3 million and 44% to $1.47, respectively • • • • Backlog value grew 55% to $5.71 billion, our highest first-quarter level since 2007, with the number of homes in backlog up 29% to 11,886 Net order value increased by $284.7 million, or 15%, to $2.15 billion Total liquidity was $1.07 billion, which included $831.4 million of available capacity under our revolver The ratio of debt to capital improved 70 basis points to 38.2% In January 2022, Standard and Poor's Financial Services reaffirmed the Company's BB credit rating and changed its rating outlook to positive from stable Stockholders' equity increased 4% to $3.13 billion, and book value per share increased by $5.51, or 18%, to $35.37 8 | 4,210 4,292 -2% Net Order Value $2,153.7 $1,869.1 15% Backlog Homes 11,886 9,238 29% Backlog Value $5,711.3 $3,694.1 55% Ending Community Count 208 209 Average Community Count 213 223 -4% Absorption (net orders per community, per month) 6.6 6.4 3% 2022 KB Home

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