DREAM Unlimited Corp. Class A · TSX:DRM
DREAM Unlimited Corp. Class A — Shareholder Meeting (May 2017)
50 slides from DREAM Unlimited Corp. Class A's shareholder meeting presentation, May 9, 2017
Slide 1: Annual General Meeting
Slide 2: President & Chief Responsible Officer
President & Chief Responsible Officer Michael Cooper
Slide 3: ~$14 Billion of Assets Under Management
Land Development Geusiag Development Asset Energy & Management Infrastructure & Management Services 235 MW & Mixed-Use Development 10,000 acres6f = 4 ea 10,000 houses wast Dream Dreamindustrial Dream Institutional, 1 9 0 6) 0 * Development m Global REIT REIT Alternatives Trust “ Pe hi E p | O Y e e
Slide 4: Our Senior Management Team
dream= Our Senior Management Team Dream Unlimited Corp. [TSX: DRM] Michael Cooper President & Chief Responsible Officer Jane Gavan President Asset Management, CEO Dream Office, CEO Dream Global dream 2k office REIT dream global REIT dream industrial REIT Pauline Alimchandani CFO Corporate Strategy,
Slide 5: In-House National Development Team & Expertise
In-House National Development Team & Expertise Condo & Mixed-Use Development Housing Development 19 Employees 50 Employees Retail & Commercial Development & Leasing Land Development 14 Employees 20 Employees Supporting Platform _ Construction, Planning & ' Transactions & Deal Structuring Corporate &
Slide 6: Growth & Diversification of Our Business Over the Years
dream — of Our Business Over the Years Yl U4 Growth & fi” Y, yy Diversification Up Vi y YY Y uaa; Vz Unpyffuith Wl MW Ns
Slide 7: dream =
dream = «« « \ Yj VILII TILL laR f 4g sesso EFEE tet Tere
Slide 8: Diversified & Recurring Income Stream
dream= _ Diversified & Recurring Income Stream 2013 Net Margin Breakdown @ Asset Management & Equity Ownership @ Investment & Recreational Properties @ Condo § Mixed-Use Development @ Western Land & Housing Development We have been successful in diversifying our income streams
Slide 9: Diversified & Recurring Income Stream
dream= _ Diversified & Recurring Income Stream 2013 Net Margin 2016 Net Margin Breakdown Breakdown* @ Asset Management & Equity Ownership @ Investment & Recreational Properties *Included in 2016 asset management income were fees earned @ Condo § Mixed-Use Development @ Western Land & Housing Develop
Slide 10: Diversified & Recurring Income Stream
10 dream= _ Diversified & Recurring Income Stream 2013 Net Margin 2016 Net Margin Conceptual Steady State Breakdown Breakdown* Net Margin Breakdown** **Conceptual steady state includes 1,400 lot sales, 450 housing occupancies, 250 condo occupancies, and all current and near term retail & commercial
Slide 11: Diversified & Recurring Income Stream
Slide 12: World-Class Land Assemblies - Holmwood, Saskatoon
Western Canada World-Class Land Assemblies i 400: acres Holmwood, Saskatoon
Slide 13: World-Class Land Assemblies - Coopertown, Regina
Western Canada World-Class Land Assemblies Coopertown, Regina 13
Slide 14: World-Class Land Assemblies - Providence, Calgary
Western Canada World-Class Land Assemblies Providence, Calgary
Slide 15: New Master-Planned Communities, Brighton
Western Canada New Master-Planned Communities, Brighton dream =
Slide 16: New Master-Planned Communities - Brighton, Saskatoon
Western Canada New Master-Planned Communities — Brighton, Saskatoon RETAIL eS ee ee enn 16
Slide 17: New Master-Planned Communities - Brighton, Saskatoon
dream > Western Canada New Master-Planned Communities - Brighton, Saskatoon 17
Slide 18: New Master-Planned Communities - Brighton, Saskatoon
Western Canada New Master-Planned Communities — Brighton, Saskatoon _— dream = 18
Slide 19: New Master-Planned Communities - Vista Crossing, Alberta
Western Canada New Master-Planned Communities - Vista Crossing, Alberta dream <=
Slide 20: New Master-Planned Communities - Eastbrook, Regina
Slide 21: dream =
dream =
Slide 22: New and Improved Home Designs
Western Canada New and Improved Home Designs
Slide 23: New and Improved Home Designs in Brighton & Eastbrook
Western Canada New and Improved Home Designs in Brighton & Eastbrook dream <=
Slide 24: Pipeline of 9,000 Condominiums and Growing
Pipeline of 9,000 Condominiums and Growing
Slide 25: Arapahoe Basin: Approvals to Unlock Over 470 Acres of New Terrain
2,200 skiers ‘ on average ¥ ae each day i ement.and management services expens Ses a We have received approvals to unlock over 470 acres of new terrain
Slide 26: Growth in Recurring Net Operating Income/Cash Flow
26 dream= = Growth in Recurring Net Operating Income/Cash Flow Distribution from Publicly Listed Fun Arapahoe Basin Renewable Power foe) (=) + a (fo) (fo) nN oO Pre Tax Income / Cash Flow — Recurring Asset Management Income be 2010 2013 2016 Steady State *Net Operating Income is defined revenues les
Slide 27: Strategic Initiatives in Our Asset Management Business
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Slide 28: Strong Growth and Diversification in our Asset Management Business
Billions 28 Strong Growth and Diversification in our Asset a dream > . oe . Management Business - Which is Expected to Continue Asset Management Revenue Total Assets Under Management Asset Management Revenue NonREIT sources increasing as a % of total (8 Billions) ($ Millions) revenue ($ Millions) 70
Slide 29: Asset Management Success - Dream Global
29 Asset Management Success dream = D soy . ream Global Growth in High Quality Assets Dream Global Growth in Total Assets Improving AFFO Quality (€ Millions) (S Billions) 25 20 $3 15 91% $2 10 . i $0 0) 2011 2014 2016 Q4 2011 Q4 2016 @ Initial Properties @ Acquisition Properties
Slide 30: Dream Global Milestones
Received Credit Rating from Moody’s Began trading on the Frankfurt Stock Exchange (FSE: DRG)
Slide 31: Asset Management Success - Dream Alternatives Shifting Asset Allocation
Asset Management Success a dream= —_ Dream Alternatives Shifting Asset Allocation At Inception @ Income producing properties @ Lending portfolio @ Development properties @ Renewable power 31
Slide 32: Asset Management Success - Dream Alternatives Shifting Asset Allocation
Asset Management Success a dream= —_ Dream Alternatives Shifting Asset Allocation At Inception As of March 31, 2017 @ Income producing properties @ Lending portfolio @ Development properties @ Renewable power 32
Slide 33: Asset Management Success - Dream Alternatives Shifting Asset Allocation
Asset Management Success a dream= —_ Dream Alternatives Shifting Asset Allocation At Inception As of March 31, 2017 Going Forward S O @ Income producing properties @ Lending portfolio @ Development properties @ Renewable power 33
Slide 34: Partnering with Dream Alternatives on Exciting New Investments
dream fa alternatives Partnering with Dream Alternatives on Exciting New Investments
Slide 35: Partnering with Dream Alternatives on Exciting New Investments
dream fa alternatives Part Dre onE Investments
Slide 36: Partnering with Dream Alternatives - Lakeshore East
Partnering with Dream Alternatives Lakeshore East (Victory Silos) 5.3 Acre site near & Distillery District Dream to act as co-developer with Great Gulf Residential * $3.8 million equity investment by Dream 25/75% owned by Dream / Dream Alternatives * 12.5% economic interest * Potential for over 1 mi
Slide 37: Partnering with Dream Alternatives - Mississauga Road South
Partnering with Dream Alternatives 70 Mississauga Road South ~$8.9 million ath equity : commitment by Dream | * e 31% owned by Dream andDream = & 8 Alternatives, split 25%/75%, “ee. respectively - oe im a - Py ” > _ * 7.75% economicinterest % al es a * Joint venture with a consortium of 3 partners”
Slide 38: Why Toronto? Investing in Development Assets in the GTA
dream = Why Toronto? Investing in Development Assets in the GTA 25” 20” ° 6.2” wu 5% of Canada’s GDP is Population Growth Rate of Canada’s population since 2011 | Increase in lives in T produced by Retail Sales si 2015 & ives in Toronto Toronto (vs national growth ‘etail Sales since rate of 5.0%) —
Slide 39: Other Exceptional New Investments Owned by Dream
dream — Yl a Other Exceptional °° Y, Uf) New Investments Up Vi y QYg Y Owned by Dream Z, ty, ff 2 SS “ny lil. “ttt
Slide 40: Obico Yard
Obico Yard 73 acres in high Ba demand industrial * 73 acres in a welllocated, high demand industrial area cS acquired by Dream from CP 2 oS, in 2016 +e = * Site is the largest contiguous wren = ba 3 employment site in the city é ® ° Great site access: close to Gardiner Expressway and 427, subway, an
Slide 41: Building Urban Communities - Zibi, Ottawa/Gatineau
Building Urban Communities - Zibi, Ottawa/Gatineau A World-Class sustainable community and redevelopment project 50% Economic interest 4.0M SF of total density 2,500 residential units 1.5M SF of commercial space * Commenced preliminary site servicing and infrastructure construction on Quebec side in
Slide 42: Ownership in an Office Vehicle
dream i: office REIT Ownership in an \ WY Office Vehicle i, YD 7 AAAS AAJ, 6s th th bbb 4, y $
Slide 43: DRM owns $180mm or 9% of D.UN
Slide 44: Financial Update
dream — Y ‘nf Uppy uit yy Financial Update Yr Z Uy y Y ew ‘ws WLiMM117
Slide 45: Debt to Total Assets and Available Liquidity
Debt (incl. Prefs) - to – Total Assets of available liquidity
Slide 46: Securing More Pre-sales Commitments Within Our Western Canadian Land & Housing Operations
46 dream2 Securing More Pre-sales Commitments Within Our Western Canadian Land & Housing Operations 600 2017 Lot Commitments at the end of 2016 sap 340 2017 Expected Housing Occupancies
Slide 47: Growth in Total Equity per Share
$7.49/share $7.39/share $6.38/share $5.23/share CAGR in Total Equity to March 31, 2017 $3.73/share
Slide 48: Building Better Communities
aes Crescent Point building better’communities
Slide 49: Thank you
Slide 50: Forward Looking Information
Forward Looking Information This presentation may contain forward-looking information within the meaning of applicable securities legislation including, but not limited to, statements regarding the timing and details of our current and future housing, condominium and retail developments, including s