Meritage Homes Investor Presentation — April 2024

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ANALYST CONFERENCE CALL

APRIL 25, 2024Safe Harbor

The information included in this presentation 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 general, our sales pace, backlog conversion rate, level of spec s tarts, SG&A as a percentage of home closing

revenue, rate locks, financing incentive utilization, rate lock unwind cost write- offs, landbanking utilization and cash spend on land investments, share repurchases and cash

dividends; our intention to increase our community count; expectations about our future results, including but not limited to our 2Q24 and FY2024 projected home closings,

home closing revenue, home closing gross margins, effective tax rate and diluted earnings per share.

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

and fluctuations. Actual results may differ from those set forth in the forward- looking statements. The Company makes no commitm ent, and disclaims any duty, except as

required by law, to update or revise any forward- looking statements to reflect future events or changes in these expectations. M eritage's business is subject to a number of

risks and uncertainties. As a result of those risks and uncertainties, the Company's stock and note prices may fluctuate dram atically.

These risks and uncertainties include, but are not limited to, the following: increases in interest rates or decreases in mor tgage availability, and the cost and use of rate locks

and buy -downs; inflation in the cost of materials used to develop communities and construct homes; cancellation rates; supply chain and labor constraints; the ability of our

potential buyers to sell their existing homes; our ability to acquire and develop lots may be negatively impacted if we are unable to obtain performance and surety bonds; the

adverse effect of slow absorption rates; legislation related to tariffs; impairments of our real estate inventory; competitio n; home warranty and construction defect claims;

failures in health and safety performance; fluctuations in quarterly operating results; our level of indebtedness; our abilit y to obtain financing if our credit ratings are

downgraded; our exposure to and impacts from natural disasters or severe weather conditions; the availability and cost of finish ed 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 option or contract that could result in the write- down or