Harbor Custom Development Investor Presentation Deck
NASDAQ: HCDI; HCDIP; HCDIW; HCDIZ
Forward Looking Statements & Disclosures
decline; difficulty in obtaining sufficient capital could result in an
inability to acquire land for our developments or increased costs
and delays in the completion of development projects; our
operations and performance are subject to risks associated within
both the construction and real estate industries; failure to manage
land acquisitions and development and construction processes
could result in significant cost overruns or errors in valuing sites;
and the rising cost of materials due to supply chain constraints has
increased our costs of construction. The interest rate environment
could materially affect our ability to finance our projects, as well as
achieve the originally expected sales prices on our properties.
Forward Looking Statements: This presentation contains forward-
looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including
information about management's view of Harbor Custom
Development, Inc.'s ("we," "us," "our," or the "Company") future
expectations, plans, and prospects. In particular, when used in the
following discussion, the words "believes," "expects," "intends,"
"plans," "anticipates," or "may," and similar conditional expressions
are intended to identify forward-looking statements. Any
statements made in this presentation other than those of historical
fact about an action, event, or development, are forward-looking
statements. These statements involve known and unknown risks,
uncertainties, and other factors which may cause the results of the
Company and its subsidiaries to be materially different than those
expressed or implied in such statements. Unknown or unpredictable
factors could also have material adverse effects on the Company's
future results. The forward-looking statements included in this
presentation are made only as of the date hereof. We cannot
guarantee future results, levels of activity, performance, or
achievements. Accordingly, you should not place undue reliance on
these forward-looking statements. Finally, we undertake no
obligation to update these statements, except as required by law,
and also undertake no obligation to update or correct information
prepared by third parties that are not paid by us.
Summary of Risk Factors: We face risks, which include, but are not
limited to the following: adverse changes in general economic
conditions could reduce the demand for homes and land and, as a
result, could have a material adverse effect on us; our long-term
growth depends upon our ability to successfully identify and acquire
desirable land parcels for residential build-out; if homebuyers are
not able to obtain suitable financing, our results of operations may
HARBOR CUSTOM DEVELOPMENT | INVESTOR DECK
Intellectual Property Disclosure: This presentation contains
references to our Company's trademarks and to trademarks
belonging to other entities. Solely for convenience, trademarks and
trade names herein, including logos, artwork, and other visual
displays, appear without the R or TM symbols, but such references
are not intended to indicate, in any way, that we will not assert, to
the fullest extent under applicable law, our rights or the rights of the
applicable licensor to these trademarks and trade names. We do
not intend the use or display of other companies' trade names or
trademarks to imply a relationship with or endorsement from us.
Non-GAAP Financial Measures: This presentation and the financial
information contained herein include EBITDA, Adjusted EBITDA, and
Adjusted EBITDA margin, which are financial measures that have
not been calculated in accordance with accounting principles
generally accepted in the United States, or GAAP, and are therefore
referred to as non-GAAP financial measures. We have provided
definitions below for these non-GAAP financial measures and have
provided tables in the schedules hereto to reconcile these non-GAAP
financial measures to comparable GAAP financial measures.
We believe that these non-GAAP financial measures provide
valuable information regarding our earnings and business trends by
excluding specific items that we believe are not indicative of the
ongoing operating results of our businesses, providing a useful way
for investors to make a comparison of our performance over time
and against other companies in our industry.
We have provided these non-GAAP financial measures as
supplemental information to our GAAP financial measures and
believe these non-GAAP measures provide investors with additional
meaningful financial information regarding our operating
performance and cash flows. Our management and board of
directors also use these non-GAAP measures as supplemental
measures to evaluate our businesses and the performance of
management, including the determination of performance-based
compensation, to make operating and strategic decisions, and to
allocate financial resources. We believe that these non-GAAP
measures also provide meaningful information for investors and
securities analysts to evaluate our historical and prospective
financial performance. These non-GAAP measures should not be
considered a substitute for or superior to GAAP results.
Furthermore, the non-GAAP measures presented by us may not be
comparable to similarly titled measures of other companies.
HARBOR
Custom Development, Inc
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