Dundee Corporation Class A · TSX:DC.A

Dundee Corporation Class A — Shareholder Meeting (October 2020)

17 slides from Dundee Corporation Class A's shareholder meeting presentation, Oct 15, 2020

  1. Slide 1: Annual General Meeting of Shareholders

    Dundee Corporation Annual General Meeting of Shareholders Jonathan Goodman 2019 October 15, 2020 DUNDEE CORPORATION | Confidential – Not For Distribution 0

  2. Slide 2: Legal Disclosures

    Legal Disclosures The content of this document is for informational purposes only, and is not being delivered to you in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advic

  3. Slide 3: Today's Presenter

    Dundee Corporation TODAY’S PRESENTER Jonathan Goodman Chairman and Chief Executive Officer DUNDEE CORPORATION | Confidential – Not For Distribution 2

  4. Slide 4: Business Overview and Corporate History

    Dundee Corporation BUSINESS OVERVIEW AND CORPORATE HISTORY  Dundee Corporation formed in the early 1990’s  Three historical areas of focus:  Mining Merchant Banking  Asset Management  Real Estate  Dynamic Funds sold to Scotiabank in 2011  Dream Unlimited “butterfly” transaction in 2013 DUNDEE

  5. Slide 5: Strategic Pivot Launched in 2018

    Strategic Pivot Launched in 2018 RENEWED FOCUS ON RESOURCES SECTOR BEGINNING IN 2018  Returned to our roots in resources  Focus on relaunching mining merchant bank  Rationalized investment portfolio  Head office costs dramatically lowered  Outstanding preferred shares reduced from ~$210M in 201

  6. Slide 6: Ongoing Strategic Priorities

    Ongoing Strategic Priorities FOCUS ON STRATEGIC EXECUTION FOR LONG-TERM GROWTH  Further reductions in head office G&A  Consider reduction in real estate footprint  Raise a fund or attract more third-party capital to generate more fee business  Ongoing rationalization of investment portfolio  Sh

  7. Slide 7: Key Accomplishments

    Key Accomplishments FOCUS ON EXECUTION IN 2019 AND 2020  Conversion of Series 5 preferred shares into Class A subordinated voting shares  Significantly enhanced financial position with sale of DPM shares in May 2020  SIB for Series 2 Preferred shares part of ongoing capital structure streamlining

  8. Slide 8: Streamlining Capital Structure

    Streamlining Capital Structure REDUCING OVERHEAD AND LOWERING CORPORATE G&A  DPM share sale provided immediate cash injection of $151M  Potential to generate additional $92M in cash before May 2021 Succeeding in  Series 2 Preferred SIB expired ~$50M in shares lowering G&A at corporate office  De

  9. Slide 9: Two Macro Themes Underpin Mining

    Two Macro Themes Underpin Mining SUSTAINED MOMENTUM EXPECTED TO SUPPORT GLOBAL MINING INDUSTRY  Sovereign balance sheets remain overleveraged  COVID-19 has accelerated this phenomenon  Key driver in emerging bull market for bullion  Mining is the new oil  Multiple metals will help underpin shif

  10. Slide 10: Mining Strategy Overview

    Mining Strategy Overview PERFORMING WELL IN MIDST OF BROAD-BASED METALS RALLY  Strong performance across the mining portfolio  Key investments performing well:  Maritime Resources, Saturn Metals and Centauras Metals  3 key investment strategies  CMP offers flow-through for early-stage Canadian

  11. Slide 11: Dundee Goodman Merchant Partners

    Dundee Goodman Merchant Partners GENERATING STRONG DEAL FLOW IN 2020  Seasoned merchant banking teams with deep technical capabilities in Vancouver and Toronto  Active in both M&A and financing opportunities Sustainable  Key competitive advantage through deep-dive due competitive diligence advant

  12. Slide 12: Dundee's Legacy Portfolio Holdings

    Dundee’s Legacy Portfolio Holdings CASH NEEDS MINIMIZED, MONETIZATION OPPORTUNITIES BEING EXPLORED  United Hydrocarbon International — Option on increasing oil prices  TauRX — Advanced-stage clinical trials for Alzheimer’s drug  Blue Goose Capital — Value in large land position and organic cattle

  13. Slide 13: Enhanced Governance

    Enhanced Governance BOARD REGENERATION COMPLETE  Overhaul of majority of board since early 2018  Formal Board mandate adopted in March 2019  Governance framework lays out clear responsibility for board oversight  All committee members, including lead director, are independent  Plan to adapt a m

  14. Slide 14: COVID-19 Overview

    COVID-19 OVERVIEW BUSINESS CONTINUITY PLAN OPERATIONAL SINCE MID-MARCH 2020  Maintained steady-state operations in face of COVID-19  Prompt implementation of business continuity plans at onset of pandemic  Head office staff working from home and maintaining productivity levels  Continue to monit

  15. Slide 15: Outlook for 2020/21

    Outlook for 2020/21 MAINTAIN FOCUS ON KEY LONG-TERM VALUE DRIVERS FOR DUNDEE  Continued reduction in head office G&A  Streamlining of capital and corporate structure and financial reporting  Ongoing investment in mining strategy  Seek opportunities to attract third-party capital  DGMP platform

  16. Slide 16: Questions & Answers

    Questions & Answers DUNDEE CORPORATION | Confidential – Not For Distribution

  17. Slide 17: For More Information

    For More Information John Vincic Investor and Media Relations E: jvincic@dundeecorporation.com 2019 T: 647.402.6375 DUNDEE CORPORATION | Confidential – Not For Distribution

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