Homebuilding Industry Outlook

kb Generating Significant Gross Operating Cash Flow HOME ($ in millions) Highlights From 2019 through 2021: • We generated nearly $6.4 billion in gross operating cash flow . Approximately 92% of this cash flow was reinvested in our future growth through land acquisition and 20 | development spend that met our underwriting criteria $2,496 $2,501 $2,005 $1,875 $251 $311 ($1,624) We returned approximately $301 million ($1,694) in cash to stockholders through dividends and share repurchases 2019 2020 ($2,533) 2021 ($37) ($81) ($2,582) LTM Q3 2022 ■Gross Cash provided by Operating Activities ■Land Acquisition and Development Investment Net Cash provided by (used in) Operating Activities (As Reported) O2022 KB Home

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