Investor Presentaiton

kb Healthy Capital Structure HOME Highlights Leverage • We improved our debt-to-capital ratio by 70 basis points year over year From 2019 through 2021, we have repaid approximately $340 million in senior notes Liquidity . Total liquidity, including cash and revolver availability, was $1.07 billion at Feb. 28, 2022 Credit Rating Debt-to-Capital Ratio 42.3% 39.6% 38.2% 35.8% 2019 2020 2021 Q1 2022 Liquidity and Debt Maturity Summary at 2/28/22 ($ in millions) ■Revolver Availability Unrestricted Cash ■Senior Notes $241 . In January 2022, S&P Global amended our outlook to Positive from Stable Recent Transactions • In February 2022, we increased the borrowing capacity of our unsecured revolving line of credit to $1.09 billion and extended the maturity date to 2027 21 | $831 $350 $350 $390 $300 $300 Liquidity 2022* Coupon: 7.5% 2023 2024 2025 2026 2027 2028 2029 2030 2031 7.625% 6.875% 4.8% 4.0% * Matures 9/15/22 O2022 KB Home

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