Dream Impact Trust · TSX:MPCT.UN
Dream Impact Trust — Investor Presentation (November 2022)
35 slides from Dream Impact Trust's investor presentation, November 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. November 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 attractive financial returns and positive social, and environmental outcomes. Our impact verticals include Environmental Sustainability & Resilience, Attainable & Affordable Housing and Inclusive C
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 site and LeBreton Flats Library Parcel. These projects will be
Slide 6: Driving Value & Impact Through Innovation
Dream Impact Trust Wa Driving Value & Impact Through Innovation Dy © 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 scala
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
wa Transforming Toronto’s Waterfront & Downtown East! 30 Acres Te Quayside ~$8 billion < Total Development , os Victory Silos ff ny ‘ 8 million+ Square Feet Indigenous Hub ee 9,500+ Housing Units 1,600+ Affordable Units Note 1 - All figures are at 100% project level.
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
Transforming Toronto’s Waterfront Silos Dream and Great Gulf will act as co-developers on this prime 5.3-acre waterfront development. The site is adjacent to Dream’s Distillery District and Quayside development, with potential for 1.3 million square feet of density. The Silos were purchased in Q4 20
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 11%+ =r Levered IRR! ~86% Loan-to-Value Humber River Recreational Trail Note 1- For the description of IRR, a supplementary financial measure
Slide 14: Overview & Strategy
Dream Impact Trust 7 Overview & Strategy D The Trust is Canada’s first publicly traded vehicle focused on impact investing. $1.4 billion portfolio’ of high-quality assets that are aligned with Dream's three impact verticals. Over time, the Trust intends to reach a target allocation of 70% income pro
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
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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. rv) $509 million of development assets 8 Acquisition of $244 million of to begin producing recurring recurring income assets". income by 202525. 8 Completion of $103 mil
Slide 19: Financial & Portfolio Highlights
Dream Impact Trust 7 Financial & Portfolio Highlights D $1.4 billion portfolio of high-quality assets primarily located in the Greater Toronto Area and Ottawa / Gatineau. $1.4 billion!2 $678 million of total recurring income assets. 4,700 Units + ~4,700 residential units and 0.3 million square feet
Slide 20: Attractive Valuation Relative to Net Asset Value
Dream Impact Trust 7 Attractive Valuation Relative to Net Asset Value 7 Asset Class Expected Total Carrying Value Total Unitholders Return ($000’s) Equity Per Unit! Development and Investment Holdings? 15-20% $306,875 $4.64 Recurring Income? 10-13% $321,212 $4.86 Other Assets and Liabilities ($101,7
Slide 21: Appendix I: Summary of Recurring Income Assets
Appendix I: Summary of Recurring Income Assets
Slide 22: Recurring Income Segment
Dream Impact Trust 7 @ Recurring Income Segment!.2 D Commercial Assets Ownership? Location Impact Status? Asset Class GLA Units* Q3 2022 Asset Value® 68-70 Claremont 100% Toronto & GTA IE Office 30,000 sf 76 Stafford 100% Toronto & GTA LE Office / Retail 25,000 sf Sussex Centre 50.1% Toronto & GTA I
Slide 23: Recurring Income Pipeline
Dream Impact Trust 7 Recurring Income Pipeline!2 D @ F Value on Expected Capitalization Onmereliifp Completion® Gest Gres Occupancy Rate WDL Block 8 25% $106.9M Resicential © 2023 ommercial ope 9, Residential + Zibi Block 206 50% $60.3M Cc. . 2023 ‘ommercial Zibi Block 207 50% $23.4M Commercial 2023
Slide 24: Appendix II: Impact Investing Overview
Appendix Il: Impact Investing Overview
Slide 25: 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 26: 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 27: Projected Outcomes From Each $100M Investment in Impact Projects
Dream Impact Trust Projected Outcomes From Each $100M Investment in Impact Projects D 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 affordabl
Slide 28: 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 29: 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 30: 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 31: Specified Financial Measures
Dream Impact Trust 7 Specified Financial Measures (thousands of dollars) D Specified Financial Measures: The Trust’s condensed consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”). In this presentation, as a complement to results prov
Slide 32: Specified Financial Measures Cont.
Dream Impact Trust 7 Specified Financial Measures Cont. (thousands of dollars) D Del isset value September 30, 2022 December 31, 2021 Total Debt $203,585 $133,150 Unamortized discount on host instrument of convertible debentures $1,152 $809 Conversion feature ($345) ($357) Unamortized balance of def
Slide 33: Specified Financial Measures Cont.
Dream Impact Trust 7 Specified Financial Measures Cont. (thousands of dollars) D Total recurring income assets September 30, 2022 December 31,2021 December 31, 20 Income properties $290,979 $276,285 $212,435 Proportionate share of total assets related to equity accounted investments classified as re
Slide 34: 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, the
Slide 35: 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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