DREAM Unlimited Corp. Class A · TSX:DRM
DREAM Unlimited Corp. Class A — Dream Alternatives Trust — Investor Presentation (January 2016)
41 slides from DREAM Unlimited Corp. Class A's investor presentation, January 2016
Slide 1: Dream Hard Asset Alternatives Trust January 2016 Investor Presentation
dream rl alternatives Dream Hard Asset Alternatives Trust January 2016 Investor Presentation
Slide 2: Dream Alternatives Trust - Investment Summary
dream A alternatives Dream Alternatives Trust - Investment Summary Dream Alternatives Trust (DAT) provides investors the opportunity to gain exposure to hard asset alternative investments, including real estate, real estate loans and infrastructure including renewable power, which are generally less
Slide 3: as.cl <, Ge is / ce Seis
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Slide 4: $15 Billion of Assets Under Management
$15 Billion of Assets Under Management 4
Slide 5: Michael Cooper - CEO & Founder of Dream
rhea Michael Cooper - CEO & Founder of Dream | Portfolio Manager of Dream Alternatives Trust Prior to starting Dream, Michael Cooper was the founder and portfolio manager of Dynamic Real Estate Fund, the first mutual fund in Canada to invest only in publicly traded real estate securities. Michael re
Slide 6: Dream's Commitment to Dream Alternatives Trust
rhea Dream’s Commitment to Dream Alternatives Trust “Best of Dream” Fund for new opportunities. DAT has the first right to invest in any opportunities that Dream manages requiring capital from investors such as: rr v Renewable power projects identified by Dream v All lending identified by Dream v An
Slide 7: Manages 60 million square feet of commercial properties
• • • • • Manages 60 million Develops $400 million Has developed $300 square feet of per year of residential million a year in commercial properties land and housing renewable power across three publicly listed REITs 7
Slide 8: Dream Alternatives Trust - Objectives
dream A alternatives Dream Alternatives Trust - Objectives Provide an opportunity for unitholders to invest in hard asset alternative investments, Build and maintain a growth-oriented portfolio of real estate, real estate lending and infrastructure {including renewable power) assets, Provide predict
Slide 9: Alternative assets have traditionally been the domain of institutional investors
Alternative assets have traditionally been the domain of institutional investors. Different risk characteristics than stocks and bonds. Low correlation with traditional asset classes can potentially lead to reduced volatility. Real estate has the ability to act as a hedge against inflation. We belie
Slide 10: $701.1 Million in Net Assets
$701.1 Million in Net Assets* 10
Slide 11: Adjusted Net Asset Value Portfolio Breakdown Per Operating Segment
rhea Adjusted Net Asset Value Portfolio Breakdown Per Operating Segment (} Current trading price is at a ~ 41% discount to adjusted net asset value*. Adjusted Net Asset Value* Per Segment Adjusted NAV vs Current Trading Price** $10.00 $10.00 $9.00 $9.67 $8.00 $8.00 $7.00 $6.00 $6.00 $5.00 $4.00 $4.0
Slide 12: Average Interest Rate
Average Interest Rate Investment 3.31 % Turnover 12
Slide 13: Office assets well located in the Toronto Suburban Market
The majority of our office assets are well located in the Toronto Suburban Market, enjoying close proximity to the airport, key infrastructure and public transit. 11,36 3
Slide 14: Debt Maturities and Lease Expiries
Debt Maturities 28.3% 27 .3% $80 25.3% 30% $70 25% $7 4.8 $60 $7 2.5 Millions 1 7 .3% $67 .1 $50 20% $40 1 5% $30 $45.7 Average Interest 1 0% $20 0.7 % Rate 3.31 % 1 .1 % 5% $1 0 $2.9 $- $1 .8 0% 201 5 201 6 201 7 201 8 201 9 2020 and after Outstanding Balance Percentage of Outstanding Balance Lease
Slide 15: Income-Producing Properties - Key Tenant Overview
dream A alternatives Income-Producing Properties - Key Tenant Overview Our tenant base includes municipal, provincial, and federal governments as well as a wide range of high quality larger international corporations. de 21e Government (parmaiat) EdwardJones ») of Canada ~ SNC-+LAVALIN Number of % o
Slide 16: Lending portfolio recovery and interest rate
UL LLP 7 We have recovered 61% of the original loan portfolio and increased the weighted average effective interest rate of the lending portfolio from 7.7% to 8.8%.
Slide 17: Millions
40.0% 35.0% Millions 30.0% 25.0% 20.0% 1 5.0% 1 0.0% 5.0% 0.0%
Slide 18: Overview of Investments
Lid EMPIRE TE) Q8E2°.,. || GABAVEIELD me «VIVEZLA VILLE
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Slide 21: Development and Investment Holdings
dream fh alternatives Development and Investment Holdings The Villarboit investments consist of 6 non-recourse participating loan investments with initial terms of 10 years and one co-ownership interest. DAT’s interest in the participating mortgages ranges from 65% - | 89%. | The Empire developments
Slide 22: Renewable power contract characteristics
* Contracts for renewable power are typically with governments or regulated utilities that have high credit ratings and provide for the sale of electricity at a fixed rate for between 20 and 25 years. * — Returns are generally higher than real estate loans or equity when the investment is made prior
Slide 23: $112 million invested in solar and wind power projects
$112 million of invested and committed equity in solar and wind power projects with a weighted average expected yield of 12% based on the stabilized equity interest over the term of the 20 year Power Purchase Agreement. Projects have a Feed In Tariff (FIT) contract (allows for sale of solar to Ontar
Slide 24: Increased Liquidity and Changing Unitholder Base
dream fh aligaetives Increased Liquidity and Changing Unitholder Base * Since listing on July 8, 2014 DAT has traded over 55% of the portfolio.* ¢ New investors include retail and institutional investors. Unitholder Turnover Since Listing July 8, 2014 Units turned-over 55% Original Units 45% *As at
Slide 25: Potential Future Portfolio
dream fh alternatives Potential Future Portfolio v¥ During the time it takes to turn over the assets, Dream believes it will improve the existing assets, invest in Potential Future Stabilized Portfolio higher returning assets, such as renewable power, and identify lending and development activities
Slide 26: Key Achievements Since IPO
dream fh alternatives Key Achievements Since IPO * Increased liquidity for investors - over 55% of the original units have traded. * Successfully committed or re-invested 26% of the original portfolio assets. * Invested or committed approximately $188 million of equity to new investments at an avera
Slide 27: Summary and Outlook
dream fA alternatives Summary and Outlook * Based on the expected re-investment of proceeds from investments, Dream believes that the initial fixed distribution of $0.40 can be sustained and then increased over time. ¢ — As the non-income-producing assets are liquidated over time and the proceeds ar
Slide 28: Portfolio Management
Portfolio Management Michael Cooper Joshua Kaufman Lindsay Brand Renewable Power and Development Opportunities Joshua Kaufman Jason Lester Dan Marinovic Adam Reeds Mikhail Arkaev Renewable Power and Development Opportunities Real Estate Opportunities Real Estate Real Estate Real Estate Asset Opportu
Slide 29: Experienced and Diverse Board of Trustees
dream fh alternatives Experienced and Diverse Board of Director: Michael Cooper Pauline Alimchandani CPA, CA, CFA James Eaton Joanne Ferstman CPA, CA Jane Gavan David Kaufman CAIA, Chair of the Board of Trustees President & CEO -Dream Unlimited Corp. Board Member - Dream Unlimited Corp., Dream Offic
Slide 30: Contact Information
Contact Information Portfolio Manager Chief Financial Officer Senior Manager, Investor Relations Vice President, Finance 416 365 6339 416 365 2370 416 365 5145 416 365 5992 [email protected] [email protected] [email protected] [email protected]
Slide 31: Portfolio Information
dream fi alternatives Portfolio Information
Slide 32: Income-Producing Properties - Overview
dream fh alternatives West Metro Centre Mississauga, ON Income-Producing Properties Valhalla Centre Mississauga, ON 49 Ontario Street Toronto, ON ae |r * = 55 Norfolk St. South Simcoe, ON a 10 Lower Spadina Toronto, ON Wedgewood Plaza Halifax, NS TE Sussex Centre Mississauga, ON. I a Commerce West M
Slide 33: Income-Producing Properties - Overview
3 Building Class A office complex located in a high visibility area on the Highway 427 corridor in Mississauga, Ontario. GLA: 308,798 Two Class A, LEED Gold, office buildings located in Mississauga, Ontario. GLA: 328,172 5-storey suburban office building with high visibility from the QEW in Oakville
Slide 34: Income-Producing Properties - Overview
1'-storey Class B office building located steps from Parliament Hill in downtown Ottawa, Ontario. GLA: 112,670 Several single-storey office buildings located in Meadowvale, bungalow style buildings and an excess of green space in Mississauga, Ontario. ' = GLA: 50,835 J 10 building shopping centre wi
Slide 35: Income-Producing Properties - Overview
aie ae Income-Producing Properties - Overview 2-storey Class B office building in Victoria's largest business park located close to Victoria and Victoria international airport. GLA: 109,016 Gateway Business Centre ictoria, BC Industrial warehouse with _ 4 Originally a single tenant office component
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Slide 37: Development and Investment Holdings
Bayfield Retail (2009) LP is invested in Frontenac Mall in Kingston, Ontario and Garden City Mall in Winnipeg, Manitoba. Frontenac Mall is a partially enclosed community centre in Kingston, ON. Benveinanfioumas J Garden City Mall is an enclosed SaaS er ES a mall located in Winnipeg, Manitoba. 96 acr
Slide 38: Development properties and retail sites
Mixed-use site, 11 acre retail, 4.5 acre residential 2-phase with 94,000 sq ft of GLA. 7959 Mcleod Road, Niagara Falls, First phase is partially leased with Ml construction in progress. Five acre, 65,000 square foot retail development Major tenants: Winners, SportChek and Michaels 100% leased. Incom
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Slide 40: Non-IFRS Measures & Forward-Looking Information
dream fh aitaanatives Dream Alternatives Trust - Non-IFRS Measures & Forward-Looking Information Forward-Looking Information This presentation may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information is based on a number of assumpti
Slide 41: Thank You
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