DREAM Unlimited Corp. Class A · TSX:DRM
DREAM Unlimited Corp. Class A — Investor Presentation (February 2021)
36 slides from DREAM Unlimited Corp. Class A's investor presentation, February 2021
Slide 1: Dream Unlimited Investor Presentation
TSX:DRM Dream Unlimited Investor Presentation February 2021
Slide 2: Presentation Overview
Presentation Overview Page Section 1 Investment Highlights 3 Section 2 Dream Overview 5 Section 3 Our Business 14 Section 4 Financial and Portfolio Highlights 26 Appendix I Asset List 30
Slide 3: Investment Highlights
Dream Unlimited Corp. 3 Building Better Communities Investment Highlights 1. 2. 3. Leading developer of residential as Attractive development pipeline Approximately 6.7 million square well as commercial assets in Toronto ~19,500 residential units and ~4 feet of stabilized rental, retail and + asset
Slide 4: 2020: Business as Usual
Dream Unlimited Corp. 4 Building Better Communities 2020: Business as Usual $500.0 Liquidity Debt to Total Assets1 $426.1 50.0% $400.0 $322.8 40.0% $ in millions $300.0 30.0% 26.6% 23.0% $200.0 20.0% $100.0 10.0% $0.0 0.0% Q4.19 Q4.20 Q4.19 Q4.20 500,000 sf2 2.2 Million sf2 $2.5 Billion Launch of Al
Slide 5: Dream Overview
Dream Overview ele
Slide 6: Dream Overview
Dream Unlimited Corp. 6 Building Better Communities Dream Overview Dream Unlimited Corp. [TSX: DRM] Recurring Income Development Asset Management & Urban Development Western Canada Stabilized Income Equity Ownership in Toronto & Ottawa Community Development Generating Assets Dream Office REIT 25+ Ye
Slide 7: 25+ Years of Real Estate Experience
Dream Unlimited Corp. 7 Building Better Communities 2017 2015 Dream Global REIT completes transformational 135 $20B Dream Office commences Strategic property Netherlands transaction 2 25+ Years of Real Estate Experience Plan to become a downtown Toronto office REIT Dream Industrial expands into the
Slide 8: Successful Track Record of Astute Capital Allocation
Dream Unlimited Corp. 8 Building Better Communities Successful Track Record of Astute Capital Allocation 1. 2. 3. August 2007 February 2016 December 2019 Dream Office sold two thirds of its Dream Office commences its Strategic Dream Global acquired by Blackstone portfolio to General Electric at the
Slide 9: Dream Real Estate Portfolio
Dream Unlimited Corp. 9 Building Better Communities Dream Real Estate Portfolio Global real estate holdings across Dream entities total 34 million sf in North America and Europe with a pipeline of ~5 million sf of retail/commercial development and ~19,7171 residential units as well as nearly 2,0002
Slide 10: Making an Impact Through Real Estate & Infrastructure
Dream Unlimited Corp. 10 Building Better Communities Making an Impact Through Real Estate & Infrastructure Societal Challenge Societal Challenge Societal Challenge High-cost housing forces families Unintended consequences of Real Estate is a major producer of to make difficult budget trade-offs desi
Slide 11: Impact Investing is What We Do
Dream Unlimited Corp. 11 Building Better Communities Dream Impact Trust is Impact Investing is What We Do created from repositioning DAT Formed Alate Partners to DAT & HSBC Close on invest in innovative real $120 million Green Loan estate & related companies Dream becomes a Launched $1+ Billion fund
Slide 12: Our Commitment to Impact
Dream Unlimited Corp. 12 Building Better Communities Our Commitment to Impact MPCT’s Core Impact Management Activities1 Intentionality Measurement Verification Objective and transparent Regular and independent audit State and pursue specific assessment consistent with of impact metrics and impact ou
Slide 13: Sustainability and ESG 2019 Highlights
Dream Unlimited Corp. 13 Building Better Communities Sustainability and ESG 2019 Highlights Environmental Social Zibi is 1 of 10 Endorsed West Don Lands 449 Gifts One Planet communities in the world community will offer purpose-built ~~$700,000 donated to charities were donated to seniors in based o
Slide 14: Our Business
Dream Unlimited Corp. 14 Building Better Communities Our Business
Slide 15: Asset Management & Equity Ownership: Dream Equity Partners
Dream Unlimited Corp. 15 Building Better Communities Asset Management & Equity Ownership Dream Equity Partners In May 2020, we launched Dream Equity Partners, our private asset management WDL Block 8 business to investors that share our passion Toronto, Ontario for building better communities Dream
Slide 16: Asset Management & Equity Ownership: U.S. Multi-family
Dream Unlimited Corp. 16 Building Better Communities Asset Management & Equity Ownership U.S. Multi-family 1,200 units 792 units Dallas, Texas Phoenix, Arizona In February 2021, Dream entered into Dream will become a General Partner Dream will manage approximately a partnership with a leading global
Slide 17: Asset Management & Equity Ownership: Dream Impact Fund
Dream Unlimited Corp. Building Better Communities Asset Management & Equity Ownership Dream Impact Fund Dream will be launching the Dream Impact Canary Indigenous Hub Toronto, Ontario Fund, having secured initial commitments from some of Canada’s leading financial institutions and high-net worth ind
Slide 18: Dream Impact Fund - Seed Portfolio Overview
Dream Unlimited Corp. 18 Building Better Communities Dream Impact Fund - Seed Portfolio Overview Canary Indigenous Hub West Don Lands Rentals Zibi Natural Sciences Building Zibi Community Utility Toronto, ON Toronto, ON Ottawa, ON Ottawa, ON / Gatineau, QC First purpose-built Multi-Family Residentia
Slide 19: Dream Impact Trust (MPCT.UN)
Asset Management & Equity Ownership Dream Impact Trust (MPCT.UN) Dream Impact Trust was created from Dream Hard Asset Alternatives Trust to better align its name with its purpose. Dream Impact focuses on investments that generate both strong financial returns and provide positive social and environm
Slide 20: Dream Office REIT (D.UN)
Asset Management & Equity Ownership Dream Office REIT (D.UN) Dream Office REIT (TSX: D.UN) is an unincorporated, open-ended real estate investment trust. D.UN is Over 85% focused on owning, leasing and managing well - of our portfolio located, high-quality office properties. The portfolio is located
Slide 21: Dream Industrial REIT (DIR.UN)
Asset Management & Equity Ownership Dream Industrial REIT (DIR.UN) Dream Industrial REIT (TSX: DIR.UN) owns and operates ~$760 million a diversified portfolio of industrial real estate across of high-quality acquisitions Canada, U.S. and Europe, supported by a platform in Europe and Canada since wit
Slide 22: Development: Urban Development – Toronto & Ottawa
Dream Unlimited Corp. 22 Building Better Communities Development Urban Development – Toronto & Ottawa 31A Parliament, Toronto Canary Block 10 & 13, Toronto Brightwater, Port Credit World-class development opportunities in various planning and construction phases across Toronto & Ottawa. Comprised of
Slide 23: Development – 2020 and 2021 Expected Approvals
Dream Unlimited Corp. 23 Building Better Communities Development – 2020 and 2021 Expected Approvals1 2020 Total Residential Project Entity City Dream Ownership2 Total GFA (sf) Units 250 Dundas St W Dream Office REIT Toronto 31.6% 522 500,000 WDL Blocks 347 Dream/Dream Impact Toronto 33.3% 855 869,00
Slide 24: Development: Western Canada Community Development
Dream Unlimited Corp. Building Better Communities Development Western Canada Community Development Alpine Park, Calgary Development comprised of land, housing, multi-family and commercial assets within our master-planned communities in Saskatchewan and Alberta. Dream currently owns ~9,200 acres of l
Slide 25: Recurring Income Producing Assets
Dream Unlimited Corp. 25 Building Better Communities Recurring Income Producing Assets Dream owns income producing assets, including Arapahoe Basin, 7.9 million sf of stabilized GLA across the Dream group platform + an irreplaceable development pipeline that will contribute to recurring income going
Slide 26: Financial & Portfolio Highlights
Dream Unlimited Corp. 26 Building Better Communities Financial & Portfolio Highlights
Slide 27: Commercial Portfolio by Geography
Dream Unlimited Corp. 27 Building Better Communities Commercial Portfolio by Geography1 Including Office, Industrial, Retail and Hotel Current GLA Future GLA2 GLA at Completion 3% 10% 6% 16% 7% 12% 33% 21% 62% 81% 50% Toronto & GTA Western Canada Ottawa & Gatineau United States Note 1 - GLA are at 1
Slide 28: Conservative Leverage with Ample Liquidity
Dream Unlimited Corp. 28 Building Better Communities Conservative Leverage with Ample Liquidity $3,000 Based on the fair market value of our $2,500 portfolio, portfolio leverage would be meaningfully lower $2,000 Millions $1,500 27% $1,000 Debt to Book Value $500 $0 Total Assets Project Debt Corpora
Slide 29: Ample Liquidity to Manage the Uncertainty Ahead
Dream Unlimited Corp. 29 Building Better Communities Ample Liquidity to Manage the Uncertainty Ahead Targeting $350 - $400 million of liquidity over the near-term $500 50% 45% $400 40% $300 30% Millions $200 20% $100 10% $114 $102 $115 $123 $164 $133 $167 $179 $156 $128 $146 $323 $261 $378 $375 $426
Slide 30: Appendix I: Asset List
Dream Unlimited Corp. 30 Building Better Communities Appendix I: Asset List1 1 – At December 31, 2020
Slide 31: Asset List: Recurring Income, Downtown Toronto & GTA
Dream Unlimited Corp. 31 Building Better Communities Total In-place residential Residential Total commercial Occupancy/ Dream and Project/Property Entity Status units at GFA(1) and retail GLA(2) stabilization Ownership(1) committed completion(2) (at 100%) (at 100%) date occupancy (at 100%) Recurring
Slide 32: Asset List: Recurring Income, U.S. and Western Canada
Dream Unlimited Corp. 32 Building Better Communities Total residential In-place Total commercial Occupancy/ Dream units at Residential GFA(1) and Project/Property Entity Status and retail GLA(2) stabilization Ownership(1) completion(2) (at 100%) committed (at 100%) date (at 100%) occupancy Recurring
Slide 33: Asset List: Development Segment, Toronto & GTA
Dream Unlimited Corp. 33 Building Better Communities Total residential In-place Residential Total commercial Occupancy/ Dream units and Project/Property46 Type Entity Status GFA(1) and retail GLA(2) stabilization Ownership(1) at completion committed (at 100%) (at 100%) date (at 100%)(2) occupancy De
Slide 34: Asset List: Development Segment, Western Canada
Dream Unlimited Corp. 34 Building Better Communities Total residential In-place Residential GFA(1) Total commercial Occupancy/ Dream units and Project/Property Type Entity Status (at 100%) and retail GLA(2) stabilization Ownership(1) at completion(2) committed (at 100%) date (at 100%) occupancy West
Slide 35: Forward-Looking Information
Dream Unlimited Corp. 35 Building Better Communities Forward-Looking Information This presentation may contain forward-looking information within the meaning of applicable securities legislation, including, but not limited to, statements regarding our objectives and strategies to achieve those objec
Slide 36: Contact
Dream Unlimited Corp. 36 Building Better Communities Deb Starkman Chief Financial Officer T: 416.365.4124 E: dstarkman@dream.ca Kimberly Lefever Director, Investor Relations T: 416.365.6339 E: klefever@dream.ca
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