Dream Impact Trust · TSX:MPCT.UN
Dream Impact Trust — Investor Presentation (May 2022)
36 slides from Dream Impact Trust's investor presentation, May 2022
Slide 1: Dream Impact Trust Investor Presentation
_— 7 ne a ; it v Dream Impact Trust Investor Presentation The Trust achieves market financial returns while addressing society’s greatest concerns. May 2022
Slide 2: The Greatest Concerns in Society Today
Dream Impact Trust The Greatest Concerns in Society Today Increasing Social Inclusion Affordable Housing Climate Change a a Canada is targeting the highest level of immigration in its history, . . ERO, Canada is targeting by 2030, % By 2030, Canada is targeting ° igration in : . 4 , that 1.7 million
Slide 3: Demonstrating our Dedication to Impact
Dream Impact Trust Demonstrating our Dedication to Impact tO Dream is committed to generating market financial returns and building better communities. Dream is developing the largest net-zero projects in Canada and creating significant affordable housing. Environmental Sustainability & Resilience ~
Slide 4: Impact Philosophy - Building Better Communities
Dream Impact Trust Dream’s Impact Philosophy - Building Better Communities D Impact investing combines market financial returns and positive, social, and environmental outcomes. Our impact verticals include Environmental Sustainability & Resilience, Attainable & Affordable Housing and Inclusive Comm
Slide 5: Recent Accomplishments
“a £6 “se $< ge i< Ss =: gs == in eS) < s “ con =a Dt - = oe = = = a = = 2g =j Dream Impact Trust Recent Accomplishments “Weston Cémmon Téronto, ON yO Dream was selected as the preferred proponent to develop the highly desirable Quayside and LeBreton Flats Library Parcel. These projects will be net
Slide 6: Driving Value & Impact Through Innovation
Dream Impact Trust Driving Value & Impact Through Innovation se @ Canada Infrastructure Bank - Commercial Building Retrofits Initiative With the CIB, Dream has created the first loan to decarbonize income properties which will be replicated across the country. This partnership creates a scalable mod
Slide 7: Irreplaceable Portfolio Investments
Dream Impact Trust 7 Irreplaceable Portfolio Investments D 49 Ontario Quayside & Victory Silos ‘LeBreton Library Parcel Toronto, ON Toronto, ON Ottawa, ON These adjacent sites along Recently selected to build over Submitted a rezoning Toronto’s Watefront will see 600 units in Ottawa in close applica
Slide 8: Irreplaceable Portfolio Investments Continued
Dream Impact Trust 7 Irreplaceable Portfolio Investments Continued D @ West Don Lands Rentals Toronto, ON Zibi Natural Sciences Building Weston Common Canary Indigenous Hub Ottawa, ON Toronto, ON Toronto, ON First purpose-built Indigenous Hub in any major North American city. 2024 occupancy date 238
Slide 9: Transforming Toronto's Waterfront & Downtown East
Transforming Toronto’s Waterfront & Downtown East! 30 Acres ~§8 billion Total Development 8 million+ Square Feet 9,500+ Housing Units 1,600+ Affordable Units Note 1 - All figures are at 100% project level. Quayside ( oie wy Victory Silos West Don Lards Indigenous Hub ee
Slide 10: Transforming Toronto's Waterfront: Quayside
: ; ww oO Transforming Toronto's Waterfront Quayside + Dream was selected as the preferred proponent for the 12-acre Quayside waterfront site, one of the largest development bids in Canadian history. * The site is planned to include 5 towers, featuring 4,300 residential units, including more than 80
Slide 11: Transforming Toronto's Waterfront: Silos
wa Transforming Toronto’s Waterfront Silos * Dream and Great Gulf will act as co-developers on this prime 5-acre waterfront development. * The site is adjacent to Dream’s Distillery District and Quayside development, with potential for over 1 million square feet of density. * The Silos were purchase
Slide 12: The Residence at Weston
Dream Impact Trust The Residence at Weston Overview The Residence at Weston is a high-quality, multi-family asset that was built in the 1970s. The property has +72 units, of which 189 are affordable. The asset has an 8,800 sf community center, which is run by Artscape, a Toronto based nonprofit. Pro
Slide 13: The Residence at Weston
Dream Impact Trust The Residence at Weston 40% Affordable Units 21% Discount to Market 25% Minimum GHG Reduction Target 15% Water Consumption Reduction Target 13%+ =r Levered IRR! ~85% Loan-to-Value Humber River Recreational Trail Note 1- Please refer to Slide 32 Specified Financial Measures.
Slide 14: Overview & Strategy
Dream Impact Trust Overview & Strategy 15 Rue Jos-Montferrand (Zibi) Gatineau, OC | 349 Carlaw Toronto, ON The Trust is Canada’s first publicly traded vehicle focused on impact investing. $1.2 billion portfolio! of stabilized income producing properties and active development projects aligned with D
Slide 15: Platform Overview
Dream Impact Trust Dream Platform Overview Dream Asset Management Corporation, a subsidiary of Dream Unlimited Corp. (TSX: DRM), "i 7===== is the Asset Manager of the Trust. . Committed impact investing platform with 25+ year track record; including 20%+ return on previous impact investments. . Exce
Slide 16: Community Foundation
Dream Impact Trust Dream Community Foundation Dedicated to improving the well-being of individuals, families, and neighborhoods across Canada. The Foundation supports the impact mandate with a focus on building inclusive communities through resident and community benefits. The Foundation benefits fr
Slide 17: Financial Highlights
i?) outs) — > ighl ial H Financ
Slide 18: Growing Portfolio Allocation to Recurring Income
Dream Impact Trust Growing Portfolio Allocation to Recurring Income! eG Recycling of capital from existing non-impact investments. Cy) Acquisition of $180 million of 8 Completion of $61 million of development assets. rv) $418 million of development assets to begin producing recurring recurring incom
Slide 19: In-place Portfolio Supports Strong NAV Growth and Shareholder Returns Through 2025
Dream Impact Trust In-place Portfolio Supports Strong NAV Growth and Shareholder wa Returns Through 2025! id 9% After-Tax Annual Total Return Per Unit? a fo West Don Brightwater Lands 49 Ontario \ J Li qT Value Creation - Rezoning Value Creation - Development 2021 NAV 2025 NAV + Distributions* Cumul
Slide 20: ~70% Growth in NOI Expected From Existing Investments by 2025
Dream Impact Trust ~70% Growth in NOI Expected From Existing Investments by 2025! $16.2M $17.1M Stabilized Commercial Stabilized Multi-family Stabilized Conceptual 2025 Property NOI? Rental NOI Development NOI* 262 Jarvis 15 Rue Jos-Montferrand Natural Sciences Bldg Aalto Suites WDL Block 8 Recently
Slide 21: Financial & Portfolio Highlights
Dream Impact Trust 7 Financial & Portfolio Highlights D $1.2 billion of high-quality assets primarily located in the Greater Toronto Area and Ottawa / Gatineau. $1.2 billion! eye 4 $593 million of multi-family rental and commercial recurring income $593 million assets. 3,600 Units + ~3,600 residenti
Slide 22: Attractive Valuation Relative to Net Asset Value
Dream Impact Trust 7 Attractive Valuation Relative to Net Asset Value D @) Asset Class Expected Total Carrying Value Total Unitholders Return ($000’s) Equity Per Unit! Development and Investment Holdings? 15-20% $294,429 $4.51 Recurring Income? 10-13% $290,874 S4.45 Other Assets and Liabilities ($53
Slide 23: Appendix I: Summary of Recurring Income Assets
Appendix I: Summary of Recurring Income Assets
Slide 24: Recurring Income Segment
Dream Impact Trust 7 ® Recurring Income Segment!.2 D Commercial Assets Ownership? _ Location Impact Status? Asset Class Units / GLAY Stabilized Cap Rate® Q1 2022 Asset Value 68-70 Claremont 100% Toronto & GTA LE Office 30,000 sf 76 Stafford 100% Toronto & GTA IE Office / Retail 25,000 sf Sussex Cent
Slide 25: Recurring Income Pipeline
Dream Impact Trust 7 Recurring Income Pipeline! D @) Value on Eqpeaien! Capitalization Development Property Ownership C oa Asset Class Occupancy / P' wel ‘completion pa Rate Yield’ Stabilization WDL Block 8 25% $108.7M Residential 2023 Zibi Block 206 50% $60.3M Resicential © 2023 ‘ommercial Zibi Blo
Slide 26: Appendix II: Impact Investing Overview
Appendix Il: Impact Investing Overview
Slide 27: Our Impact Investing Focus
Dream Impact Trust Our Impact Investing Focus Environmental Sustainability & Resilience Develop sustainable real estate that optimizes energy use, limits greenhouse gas emissions, and reduces water use and waste while also creating resiliency against natural disasters and major climatic events. CLEA
Slide 28: Impact Investing
Dream Impact Trust 7 Impact Investing D Impact investing intersects market returns and positive, social, and environmental outcomes. Traditional Responsible Sustainable Impact Venture Traditional philanthropy philanthropy Focused Focused on Focused on Focused on Utilize a mix of Donation and exclusi
Slide 29: Outcomes From Each $100M Investment in Impact Projects
Dream Impact Trust Outcomes From Each $100M Investment in Impact Projects Environmental Sustainability & Resilience ~860,000 kg of CO, emissions eliminated annually? ~3,500,000 equivalent vehicle km removed from the road each year? Attainable & Affordable Housing 762 additional affordable housing un
Slide 30: Platform - Awards, Certifications, Memberships and Commitments
Dream Impact Trust Dream Platform - Awards, Certifications, Memberships and Commitments ONE PLANET SPP Ian LIVING GLOBAL IMPACT INVESTING NETWORK a Mincseitone ar » “a a “as MaNAgens Operating Principles for INITIATIVE Impact Management G RE §S B
Slide 31: Dream's Industry Leading Impact Measurement System
Dream Impact Trust 7 Dream’s Industry Leading Impact Measurement System D Aligned with the United Nations @ _ . SS i ap Princ Sustainable Development Goals SUSTAINABLE (| Operating incites tor ACT DEVELOPMENT Impact Management PROJECT and other industry leading methodologies. Our proprietary scoreca
Slide 32: Measuring Impact Through the Dream Impact Scoring System
Dream Impact Trust Measuring Impact Through the Dream Impact Scoring System D What? How much? Who? What are the expected impact outcomes of the investment? Identify up to five pathways that are measurable, benefit people and/or the planet, and can be increased during the investment horizon. (Pathway
Slide 33: Specified Financial Measures
Dream Impact Trust 7 Specified Financial Measures (thousands of dollars) D ® Specified Financial Measures The Trust's consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”). In this presentation, as a complement to results provided in a
Slide 34: Specified Financial Measures Cont.
Dream Impact Trust 7 Specified Financial Measures Cont. (thousands of dollars) D Del isset value March 31, 2022 December 31, 2021 Total Debt $142,110 $133,150 Unamortized discount on host instrument of convertible debentures $765 $809 Conversion feature (S564) ($357) Unamortized balance of deferred
Slide 35: Forward-Looking Information
Dream Impact Trust 7 Forward-Looking Information D @®) Forward-Looking Information This presentation may contain forward-looking information within the meaning of applicable securities legislation, including statements relating to the Trust's objectives and strategies to achieve those objectives, th
Slide 36: Dream Impact Trust Contacts
dream >“ impact trust Michael Cooper Portfolio Manager T: 416.365.5145 E: mcooper@dream.ca Meaghan Peloso Chief Financial Officer T: 416.365.6322 E: mpeloso@dream.ca Kimberly Lefever Director, Investor Relations T: 416.365.6339 E: klefever@dream.ca
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