Meritage Homes Investor Presentation — April 2021

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Analyst Conference Call

April 29, 20212The information included in this presentation and the accompanying comments from management contains forward -looking statements within the meaning of

the Private Securities Litigation Reform Act of 1995. Such statements include expectations about the housing market in genera l, and our projected 2021 home

closings, home closing revenue, gross margins, effective tax rate, diluted earnings per share and future community counts.

Such statements are based on the current beliefs and expectations of Company management and current market conditions, which aresubject to significant

uncertainties and fluctuations. Actual results may differ from those set forth in the forward -looking statements. The Company ma kes no commitment, and

disclaims any duty, except as required by law, to update or revise any forward -looking statements to reflect future events or ch anges in these expectations.

Meritage's business is subject to a number of risks and uncertainties. As a result of those risks and uncertainties, the Comp any's stock and note prices may

fluctuate dramatically.

These risks and uncertainties include, but are not limited to, the following: changes in interest rates and the availability andpricing of residential mortgages;

inflation in the cost of materials used to develop communities and construct homes; our ability to obtain performance and sur etybonds in connection with our

development work; the ability of our potential buyers to sell their existing homes; legislation related to tariffs; the adver se effect of slow absorption rates;

impairments of our real estate inventory; cancellation rates; competition; home warranty and construction defect claims; fail ures in health and safety

performance; fluctuations in quarterly operating results; our level of indebtedness; our ability to obtain financing if our c redit ratings are downgraded; our

potential exposure to and impacts from natural disasters or severe weather conditions; the availability and cost of finished lots and undeveloped land; the

success of our strategy to offer and market entry -level and first move -up homes; a change to the feasibility of projects under o ption or contract that could result

in the write -down or write -off of earnest or option deposits; our limited geographic diversification; the replication of our ene rgy-efficient technologies by our

competitors; shortages in the availability and cost of subcontract labor; our exposure to information technology failures and security breaches and the impact

thereof; the loss of key personnel; changes in tax laws that adversely impact us or our homebuyers; our inability to prevail on contested tax positions; failure to