Dream Impact Trust · TSX:MPCT.UN
Dream Impact Trust — Investor Presentation (November 2021)
38 slides from Dream Impact Trust's investor presentation, November 2021
Slide 1: Dream Impact Trust Investor Presentation
TSX:MPCT-UN Dream Impact Trust Investor Presentation November 2021
Slide 2: Presentation Overview
dream >“ impact trust Presentation Overview Section 1 Introduction Section 2 Our Impact Approach Section 3 Portfolio Overview & Strategy Appendix | Summary of Portfolio Assets Appendix Il Impact Scoring System Appendix III Impact Portfolio Highlights Appendix IV Impact Investing Overview
Slide 3: Building Better Communities
Dream | Impact Trust BUILDING BETTER COMMUNITIES (2) “We invest to create positive and lasting impacts on communities and the environment. While many investors Michael Cooper are beginning to integrate environmental and social considerations in their investment strategy, we have been Founder doing t
Slide 4: Dream's Impact Philosophy - Building Better Communities
Dream | Impact Trust BUILDING BETTER COMMUNITIES. (3) Dream’s Impact Philosophy - Building Better Communities 1 ‘CUMATE 1 r 2 TRO @® if (CC ww 11 SUSTAINABLE CITIES AND COMMUNITIES rs ee) 10 = INEQUALITIES © alee 8 servo 5 sam fCONOME GROWTH AOsAMTATON 7 AFFORDABLE AND cuca NEY i 0: mN 3 sacowean AN
Slide 5: Experience and Capabilities of Dream, our Manager
Dream | Impact Trust PURPOSE DRIVEN RETURNS @) Experience and Capabilities of Dream, our Manager! Note 1 - As at September 30", 2021 Note 2 - As at November 8, 2021 CADS 13 Billion Assets Under Management 25+ Years of Experience as a Real Estate Developer, Owner and Asset Manager 11.7 Million SF of
Slide 6: Recurring Income and Development Platform
Recurring Income Development Asset Management & Western Canada Stabilized Income Urban Development Equity Ownership in Community Generating Assets Toronto & Ottawa Dream Office REIT Development
Slide 7: Experienced Leadership Team & Well-Resourced Platform
Dream | Impact Trust BUILDING BETTER COMMUNITIES (6) Experienced Leadership Team & Well-Resourced Platform = < Azs Executive \ ( ‘<« » Management “* Tsering Yanaki Michael Cooper Meaghan Peloso Richard Florida’ Sering Zang Portfolio Manager Chief Financial Officer Vice-Chair, Impact Sbewlorsent Fina
Slide 8: Strong + Experienced Board of Trustees
Dream | Impact Trust BUILDING BETTER COMMUNITIES @) Strong + Experienced Board of Trustees Amar Bhalla Chair Pauline Alimchandani Independent Trustee Trustee President, Chief Financial Officer, Capit Investment Corp Northland Power Karine MacIndoe Independent Trustee Nearly 20 years in Real Estate a
Slide 9: Benefits of the Dream Platform
Dream | Impact Trust Benefits of the Dream Platform Committed impact investing platform with 25+ year track record; opportunities to embed impact investing across the Dream platform. Exceptional access to investment & partnership opportunities through Dream’s relationships and proven track record. E
Slide 10: Our Impact Approach
dream >“ impact trust 2. Our Impact Approach
Slide 11: Our Impact Investing Focus
Dream | Impact Trust PURPOSE DRIVEN RETURNS (10) Our Impact Investing Focus Environmental Sustainability & Resilience Decarbonize real estate and reduce water and waste usage while also creating resilience against natural disasters and major climatic events ca wa somata Hh g rosin mown Il 49 ssuauae
Slide 12: Dream's Industry Leading Impact Measurement System
Dream | Impact Trust PURPOSE DRIVEN RETURNS ©) Dream’s Industry Leading Impact Measurement System Aligned with the United Nations @ — . SUSTAINABLE fee Operating Principles for IMPACT Sustainable Development Goals and eonmcne Irpact Management MANAGEMENT . ° . ALS PROJECT other industry leading meth
Slide 13: Dream Platform - Awards, Certifications and Commitments
Dream | Impact Trust PURPOSE DRIVEN RETURNS (12) Dream Platform - Awards, Certifications and Commitments CERTIFIED ONE PLANET LIVING | Principles for (a PRI rezrses GLOBAL IMPACT INVESTING NETWORK = Vy s SS NET ZERO % v ASSET ° INITIATIVE. Operating Principles for G RE S B Impact Management
Slide 14: Portfolio Overview & Strategy
dream >“ impact trust 3. Portfolio Overview & Strategy
Slide 15: Dream Impact Trust Strategy
Dream | Impact Trust PURPOSE DRIVEN RETURNS (4) Dream Impact Trust Strategy 15 Rue Jos-Montferrand (Block 2-3) Gatineau, QC Weston Common Toronto, ON Note 1 -As at September 30%, 2021 The Trust is Canada’s first publicly traded vehicle focused on impact investing The Trust is focused on creating str
Slide 16: Outcomes From Each $100M Investment in Impact Projects
Dream | Impact Trust PURPOSE DRIVEN RETURNS (15) Outcomes From Each $100M Investment in Impact Projects Environmental Attainable & ; 7 Sustainability & Resilience Affordable Housing Inclusive Communities ~860,000 kg 762 4,300 Additi | affordable housi of CO; emissions eliminated mona winitelt e nous
Slide 17: Impact alignment of portfolio projects
Zibi ✓ ✓ ✓ West Don Lands ✓ ✓ ✓ Indigenous Hub ✓ ✓ Brightwater ✓ ✓ Sussex Center ✓ Lakeshore East 349 Carlaw ✓ 1 00 Steeles Ave. West 49 Ontario Street 7 6 Stafford ✓ ✓ 68 – 7 0 Claremont ✓ ✓ 1 0 Lower Spadina ✓ Frank Gehry Project 262 Jarvis ✓ ✓ ✓ Weston Common ✓ ✓ ✓ ✓
Slide 18: Financial & Portfolio Highlights
Dream | Impact Trust BUILDING BETTER COMMUNITIES (a7) Financial & Portfolio Highlights Of high-quality assets primarily located in the Greater Toronto Area and Ottawa / Gatineau’. ~$677 million 3,600 Units + ~3,600 residential units and 0.5 million square feet of retail and 0.5M sf commercial GLA in
Slide 19: Attractive Valuation Relative to Net Asset Value
Dream | Impact Trust BUILDING BETTER COMMUNITIES (a8) Attractive Valuation Relative to Net Asset Value Expected Total | Carrying Value | Book Value Per ° Cash and Lending Portfolio $58,853 $0.91 11% Development and Investment Holdings? 15-20% $292,455 $4.50 57% Income Properties? (Net of Mortgages P
Slide 20: Delivery of Income Properties to Drive Recurring Income Growth
Dream | Impact Trust BUILDING BETTER COMMUNITIES (49) Delivery of Income Properties to Drive Recurring Income Growth Existing Existing Recently Completed wi 15 Rue’ Jos- Montferrand Gatineau, QC Aalto Suites Ottawa, Ontario Sussex Centre 1g eer aebaie Mississauga, Ontario Toronto; Ontario Natural Sc
Slide 21: Appendix I: Summary of Portfolio Assets
dream >“ impact trust Appendix I: Summary of Portfolio Assets
Slide 22: Summary of Portfolio Assets - Income Properties
Property Ownership2 Location Impact Status3 Project Status Property Type Expected Stabilization 68-70 Claremont 1 00% Toronto & GTA I, E Income property Office Stabilized 76 Stafford 1 00% Toronto & GTA I, E Income property Office + Retail Stabilized Sussex Centre 50.1 % Toronto & GTA I, E Income pr
Slide 23: Summary of Portfolio Assets - Development
Property Ownership2 Location Impact Status3 Project Status Property Type Expected Stabilization Natural Sciences Bldg 50% Ottawa / Gatineau I, E Under construction Commercial Q4 2021 Zibi Block 208 50% Ottawa / Gatineau I, E Under construction Commercial 2022 Aalto Suites 50% Ottawa / Gatineau A, I,
Slide 24: Appendix II: Impact Scoring System
dream >“ impact trust Appendix Il: Impact Scoring System
Slide 25: Impact scoring questions
What are the expected impact outcomes of the investment? Identify up to five pathways that are measurable, benefit people and/or planet, and can be improved during the investment horizon (Pathways all connect to at least one UN SDG – this section does not produce a score) Will the investment produce
Slide 26: Appendix III: Impact Portfolio Highlights
dream >“ impact trust Appendix Ill: Impact Portfolio Highlights The following information is based on current market conditions and is subject to change.
Slide 27: West Don Lands - Block 8
Dream | Impact Trust PURPOSE DRIVEN RETURNS (26) West Don Lands - Block 8 Address 131 - 181 Mill St, Toronto ON Asset Class Residential Rental Project Partners Kilmer Group, Tricon Capital Ownership % 25% Total Residential GFA 624,000 sf Total Commerical GFA 4,000 sf Occupancy Date 2023 Note 1 - Nat
Slide 28: Canary Indigenous Hub
Dream | Impact Trust PURPOSE DRIVEN RETURNS (27) Canary Indigenous Hub Project Overview The Indigenous Hub and Canary House are being developed in partnership with Anishinabe Health Toronto and are comprised of a 206-unit condominium building (Canary House) and 26,000 sf of retail, along with a 237-
Slide 29: Zibi - The Waterfront City
Dream | Impact Trust PURPOSE DRIVEN RETURNS (28) Zibi - The Waterfront City Natural Seiences Building Ottawa, Ontario Location Ottawa ON, Gatineau OC Asset Class Residential & Commercial Project Partners Dream Ownership % 50.0% Total Residential GFA 1,750,000 sf + Total Commercial GFA 2,202,000 sf +
Slide 30: Brightwater
Dream | Impact Trust PURPOSE DRIVEN RETURNS Brightwater Location Port Credit, Ontario Asset Class Residential and Commercial Project Partners Dream, Kilmer Van Nostrand Co. Ltd., Diamond Corp., FRAM + Slokker Ownership % 23.3% Total Residential GFA 3,113,000 sf Total Commercial GFA 360,000 sf Stabil
Slide 31: Weston Common
Dream | Impact Trust PURPOSE DRIVEN RETURNS Weston Common Location Toronto, Ontario Asset Class Residential Rental Project Partners Dream, Dream Impact Fund Ownership % 33.3% Total Units 841 (at 100%) Commercial Space 52,000 sf Project Overview The asset is a unique combination of core and value-add
Slide 32: Appendix IV: Impact Investing Overview
dream >“ impact trust Appendix IV: Impact Investing Overview
Slide 33: Definition of impact investments
Dream | Impact Trust PURPOSE DRIVEN RETURNS (32) “Impact investments are investments made with the intention to generate positive, measurable social and environmental impact alongside an attractive financial return.” - Global Impact Investing Network
Slide 34: Impact Investing Intersects Market Returns and Positive Outcomes
Dream | Impact Trust PURPOSE DRIVEN RETURNS (33) 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
Slide 35: Impact Integration Increases Stability of Financial Returns
Dream | Impact Trust PURPOSE DRIVEN RETURNS Impact Integration Increases Stability of Financial Returns @ Portfolio Stability — During the peak of the Great Financial Crisis, market-rate U.S. multifamily vacancy was 10.7% while LIHTC (affordable housing) vacancy was 3.7%! (2) Market Demand —> 59% of
Slide 36: Canada is a Leading Market for Impact Investing
Dream | Impact Trust PURPOSE DRIVEN RETURNS (36) Canada is a Leading Market for Impact Investing Government Goals Canada’s Commitments 0 Affordable Housing By 2030, every Canadian will have access to a home that they can afford and meets their needs. There are currently 1.7 million ee ad households
Slide 37: Forward-Looking Information & Non-IFRS Measures
Dream | Impact Trust BUILDING BETTER COMMUNITIES. Forward-Looking Information & Non-IFRS Measures 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
Slide 38: Contact
dream >“ impact trust Michael Cooper Portfolio Manager T: 416.365.5145 E: [email protected] Meaghan Peloso Chief Financial Officer T: 416.365.6322 E: [email protected] Kimberly Lefever Director, Investor Relations T: 416.365.6339 E: [email protected]
Dream Impact Trust — Investor Presentation (November 2021) on 6ix