Meritage Homes Investor Presentation — January 2021

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Analyst Conference Call

January 28, 2021Forward -Looking Statements

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 statements regarding the health of the housing market and the potential adverse

impact of the COVID -19 pandemic, and projected full year 2021 and 1Q 2021 home closings, home closing revenue, gross margins, ef fective tax rate, diluted

earnings per share and 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, to update or revise any forward -looking statements to reflect future events or changes in these expectations , except as required by law.

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.

Important factors that could cause actual results to differ materially from those in forward -looking statements, and that could negatively affect our business

include, but are not limited to, the following: disruptions to our business by COVID -19, fear of a similar event, and measures i mplemented by federal, state and

local governments or health authorities to address it; the availability and cost of finished lots and undeveloped land; short ages in the availability and cost of

labor; the ability of our potential buyers to sell their existing homes; changes in interest rates and the availability and p ricing of residential mortgages; our

exposure to information technology failures and security breaches; legislation related to tariffs; inflation in the cost of m aterials used to develop communities and

construct homes; the adverse effect of slow absorption rates; impairments of our real estate inventory; cancellation rates; c ompetition; changes in tax laws that

adversely impact us or our homebuyers; a change to the feasibility of projects under option or contract that could result in thewrite -down or write -off of earnest

or option deposits; our potential exposure to and impacts from natural disasters or severe weather conditions; home warranty andconstruction defect claims;

failures in health and safety performance; our ability to obtain performance and surety bonds in connection with our developm entwork; the loss of key