Timbercreek Financial Corp. · TSX:TF
Timbercreek Financial — Q2 2026 Earnings Presentation
20 slides from Timbercreek Financial's earnings presentation, Jul 30, 2026
Slide 1: Q2 2026 Financial Results
Q2 2026 Financial Results July 30, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this presentation about Timbercreek Financial Corporation and its respective business, operations, investments and strategies, and financial performance and condition may constitute forward-looking information, future-oriented financial information, o
Slide 3: Speakers
Speakers Blair Tamblyn Scott Rowland Tracy Johnston Geoff McTait 3
Slide 4: Q2 2026 Summary
Q2 2026 Summary ▪ Strong Q2 and YTD transaction activity $154M Q2 2026 ORIGINATIONS ▪ Solid net investment income ▪ stable distributable income to support monthly dividend $0.18 * ▪ meaningful progress reducing staged loan exposure DISTRIBUTABLE INCOME PER SHARE ▪ Positive market conditions for H2 2
Slide 5: Portfolio Review
Portfolio Review 5
Slide 6: Portfolio Strategy: Stable & Secure Returns
Portfolio Strategy: Stable & Secure Returns 81.3% 60.1% ~97% CASH-FLOWING multi-family invested in urban properties residential assets markets 6
Slide 7: Portfolio Strategy: Compelling Income with Reduced Risk
Portfolio Strategy: compelling income witH reduced risk 100% 12% 11% 95% 10% 90% 9% 85% 8% 80% 7% 6% 75% 5% 70% 4% 65% 3% 60% 2% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021
Slide 8: Well-Diversified Portfolio
Well-Diversified Portfolio* 112 $18.3m ~2/3 MORTGAGE INVESTMENTS average mortgage of business from repeat investment size borrowers BY ASSET** BY REGION 3.2% Multi-residential 11.1% Ontario 6.3% Retail 21.1% British Columbia 4.5% 34.8% Alberta 3.7% Office Quebec 12.6% 61.8% Unimproved land 14.6% Oth
Slide 9: Portfolio Activity: Picking Up as Market Stabilizes
Portfolio Activity: picking up as market stabilizes (in 000’s) $450,000 30% $400,000 25% $350,000 $300,000 20% $250,000 15% $200,000 $150,000 10% $100,000 5% $50,000 $- 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2019 2019 2019 2020 2020 2020 202
Slide 10: Financial Highlights
Financial Highlights 10
Slide 11: Income Statement Highlights
Income Statement Highlights For the three months ended June 30, 2026 MARCH 31, 2026 June 30, 2025 Net Investment Income on financial assets measured at amortized cost $24,886 $25,130 $25,234 Income from operations $16,005 $18,450 $19,587 DISTRIBUTABLE INCOME $14,606 $14,499 $14,591 Net income & comp
Slide 12: 3-Year EPS and DI per Share
3-year Eps and di per share * $0.30 100.0 % $0.25 80.0 % $0.20 60.0 % $0.15 40.0 % $0.10 20.0 % $0.05 $- -% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 2025 2026 2026 EPS EPS before ECL DIPS DI Payout Ratio *Non-IFR
Slide 13: Stable Distributable Income
STABLE Distributable Income* Quarterly Distributable Income (per share) $0.24 $0.22 $0.20 $0.18 $0.16 $0.14 $0.12 $0.10 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26
Slide 14: Balance Sheet Highlights
Balance Sheet Highlights Statements of Financial Position (in 000’s) June 30, 2026 December 31, 2025 Mortgage investments (including mortgage syndications)* $2,043,643 $1,895,142 Other investments $32,526 $31,668 Cash $54,938 $7,180 Real estate inventory $23,057 $23,024 JOINT VENTURE $18,543 $18,424
Slide 15: Summary & Outlook
SUMMARY & Outlook • constructive outlook based on continued recovery in CRE • Strong ORIGINATIONS YTD and active near-term pipeline • meaningful progress on staged loan resolutions • Stable dividend yielding 11.0% 15
Slide 16: Q&A
Q&A 16
Slide 17: Thank You
THANK YOU The playback of the conference call will be available on www.timbercreekfinancial.com 17
Slide 18: Reconciliations
RECONCILATIONS Net Mortgage Investments June 30, 2026 December 31, 2025 Mortgage investments, including mortgage syndications 2,043,642 1,895,142 Interest receivable (20,292) (17,898) Expected credit loss 24,483 30,281 Unamortized lender fees 5,198 5,419 Mortgage syndication liabilities (909,126) (6
Slide 19: Reconciliations
RECONCILATIONS OPERATING RESULTS1 Three months Six months Year ended ended June 30, ended June 30, December 31, NET INCOME AND COMPREHENSIVE INCOME 2026 2025 2026 2025 2025 Net investment income on financial assets measured $ 24,886 $ 25,234 $ 50,016 $ 53,807 $ 104,913 at amortized cost Revenue from
Slide 20: Reconciliations
RECONCILATIONS OPERATING RESULTS1 Three months Six months Year ended ended June 30, ended June 30, December 31, DISTRIBUTABLE INCOME 2026 2025 2026 2025 2025 Net income and comprehensive income $ 7,811 $ 12,370 $ 18,184 $ 27,142 $ 34,453 Add: Expected credit loss 6,716 2,094 10,421 3,648 17,877 Add:
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