#1IMPACT HOUSING CORPORATION Investment Overview Q12024 Confidential#2DISCLAIMER General The information contained in this Presentation has been prepared by Impact Development Group Inc. (thCompany") to provide an overview of the business of the Company. It has been prepared for information purposes only and does notrpart to be complete. It is not intended to be relied upon as advice to or as a solicitation from investors or potential investors connection with a distribution of securities of the Company and does nottake into account the investment objectives, financial situation or needs of anyparticular investor. Certain statements in this presentation may constitute "forwardlooking" statements. When used in or in relation to this presenttion, such statements use words including, but not limited to, "may", "will", "expect", "believe", "plan", "intend", "antiate", "future" and other similar terminology (including negative variations thereof) and include, without limitation, statements information with respect to: the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), planned expansion and business prospects and oppaities. These forward looking statements reflect the current expectations of management regarding future events, operating performance or other achievements, or potential matters relating to any of the foregoing, of the Company, but invoe known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievents expressed or implied by such forwardooking statements. Such statements reflect management's current views and are based on certain assumptions; the reader must take note that there is no certainty that the Company will achieve or undertalany specific activity in respect thereto. They are, by necessity, only estimates of future results, performance, achievements o developments, and the actual results, performance, achievements or developments may differ materially from these statements do a number of known and unknown factors, uncertainties and risks, including the risks specified elsewhere in this presentation. Investors are cautioned not to place undue reliance on these forwardboking statements. Any forwardlooking information herein is qualified by these cautionary statements, and although any forwardboking information contained herein is based on what management believes are reasonable assumptions, there can be no assurance that actual results or outcomes love consistent with these forward-looking statements. Any forward looking statements are made as of the date of this presentation, and, except as may be required by applicable law, the Company does not assume any obligation to update or revishem to reflect new information, events, circumstances or otherwise. Market and Industry Data This presentation includes market and industry data and forecasts that were obtained from this party sources, industry publicaibns and publicly available information. Thirdparty sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of includedformation. Although the Company believes it to be reliable and true, the Company has not independently verified any of the data from third-party sources referred to in this presentation, or analyzed or verified the underlying studies or surveys relion or referred to by such sources, or ascertained the underlying economic assumptions relied upon by such sources. The Company does not make any representation as to the accuracy of such information. All $ refer to USD unless specified otherwise. orandum or advertisement, and neither any part of this presentation nor any information or statement Under no circumstances is this presentation or the information contained herein to be construed as a prospectus, offering mem contained herein or therein shall form the basis of or be relied upon in connection with any contract or commitment whatsoeve r. This presentation should not be construed as legal, financial or tax advice to any investor, as each investor's circumstances are different. Readers should consult with their own professional advisors regarding the articular circumstances There are certain risks inherent in an investment in the securities of the Company that prospective investors should carefully consider before investing in the securities of the Company. Readers are advised to read the Company's prospectus dated October 18023 available on the Company's profile atwww.sedarplus.com and specifically the section entitled "Risk Factors" therein which is expressly incorporated by reference herein. This presentation does not containall of the information that would normally appear in a prospectus under applicable Canadian securities laws. Neither the delivery this presentation, at any time, nor any sale made pursuant to or in connection with this presentation, will imply that the information contained in the presentation is correct as of any timsubsequentto the date set forth on the cover page of the presentation or the date at which such information is expressed to be stated, as applicable. No securities commission, exchange or similar regulatory authority in Canada has reviewed or in any way passed upon the merithis presentation, and any representation to the contrary is an offence. Confidential 2#3LATAM HOUSING DEFICIT: A KEY ECONOMIC PRIORITY THE HOUSING DEFICIT IS ESTIMATED TO AFFECT NEARLY 30% OF THE LATAM POPULATION¹,2 The deficit is constraining the growth of LATAM's middle class Additionally, the deficit is causing labor shortages impairing GDP growth and productivity 15M HOMES QUANTITATIVE DEFICIT, A 1,2 DIRECT LACKOF HOUSING ¹2 43M HOMES QUALITATIVE DEFICIT, ALL HOUSING IN SUBSTANDARD CONDITIONS ¹2 1 Source: Unia pra vi, 2017-2020 2 Source: Inter-American Development Bank, 2022 1.5 05 0.3 0.7 0.6 1.3 1.8 0.1 5.9 0.4 0.1 Quantitative Housing Deficit by Country (M) 1 0.1 1.5 Confidential | 3#4Reducing the housing deficit has created a $232 B market opportunity? 2 Success of housing subsidy programs has prompted widespread adoption by LATAM governments ● Peru and Ecuador have successfully reduced their quantitative housing deficits by 25% and 18.8% respectively, by introducing subsidie's The Inter American Development Bank has committe8424M in subsidies funding for sustainable housing projects across LATÂM 1 Source: Uniapravi 2017-2020 Source: Company Estimates, Uniapravi, IADB,2022 3 Source: Inter-American Development Bank, 2020 4 Source: Inter-American DevelopmentBank,2022 Innovative home builders are becoming increasingly influential in housing policy reform . Local governments have prioritized innovative and sustainable construction to reduce overall building costs Chile and Brazil have recently partnered with builders to help reform housing policies through innovative construction Confidential 4#5Impact Development Group Leveraging over 10 years of development experience Over 1000 homes built and delivered since 2012. Strong positioning following COVID-19 Improved profitability by reducing costs and construction time lines. A leader in building and developing affordable, high-quality subsidized homes for Latin America's growing middle class Sustainability is the foundation of IHC Aligning all stakeholders through responsible business practices. New home designs driving future profitability New home designs improve margin profiles and optimize de livery time lines. IE Confidential | 5 $#6OUR HISTORY Pre-20 12 The leadership team noticed that employees in a previous venture were struggling with a lack of affordable housing in the country 2013-2018 Completed two flagship projects, Sona and Santiago, delivering a total of 712 homes, including 223 developed prior to 2016 2019 Execution of the strategic plan, including significant capital investments into product design and efficient delivery 6 ongoing developments February 2020 IHC completed an organizational restructuring to support ongoing investments in growth 2012 Supported by strong government subsidy programs in place, IHC was founded as a sustainable solution to the growing housing deficit May 2021 IHC resumed construction activities, delivering a record number of homes through year end 2021 2018 Completed a strategic review with a focus on scaling and building out multiple phases of development concurrently 2020 IHC began to convert its inventory into strong revenue growth From Dec 2019 Feb 2020 delivered 68 homes March 2020 COVID-19 restrictions led to a complete closure of operations Unlike countries like Canada that restricted new housing starts, Panama did not allow any construction activities for 6 months December 2023 IHC completes a public listing on the Toronto Venture Exchange Confidential 6#7OUR CORE MARKET: PANAMA ESTIMATED $3B MARKET OPPORTUNITY FOR SUBSIDIZED HOMES 1 Resilient housing demand, supported by a growing middle class Panama's middle class is growing at the fastest rate in LATAM . 56.9% of Panamanians are considered middle class in 2019, compared to 50.8% in 20152 Over $7B is expected to be invested in Panama's infrastructure between 2019 and 20303 Panama still faces a deficit of 200,000 homes 250,000 200,000 150,000 100,000 . . . 50,000 2010 2012 2014 2016 2018 2020 2022E Developers have reduced output following a complete shutdown in 2020 Higher cost of capital is preventing smaller developers from re-entering the market Supply chain challenges have impacted smaller scale operators sourcing materials Source: Company Estimates Uniapravi, IADB, 2022 2 Source: Central American Data, 2022 3 Source: Statistica, 2022 4Source: BNAmericas, Panama's 2030 Infrastructure Dream Confidential 7#8Access to affordable housing remains one of Panama's key priorities 1 2 DOWN PAYMENT GRANT Provides purchasers with up to a $10,000 rebate towards a home valued below $70,000 PREFERENTIAL INTEREST RATE Government subsidizes mortgage rates over 5 and 10 years on a sliding scale relative to home value, reducing overall borrowing costs for buyers • Subsidies range from a reduction of 1.50% 5.75% to the posted bank rates Established over 30 years ago, two distinct subsidy programs support the purchase of a home built by IHC 10 QUALIFICATION PROVISIONS • ● Cannot be a current homeowner Sworn declaration of family income Demonstrate ability to be approved for a mortgage on the home to be bought Income cannot exceed $2,000 per month Source: Ministerio de Vivienda y Ordenamiento Territorial Panama, 2023 Confidential | 8#9OUR PROCESS Stage 1 Land Acquisition and Segregation • Opportunistic acquisitions of development land ● Processing permitting on land segregation Stage 2B: Construction Phased construction will often run concurrent to sales process due to long sales cycle Leveraging a highly efficient cast -in-place mold design allows for peak production speed of 1.5 homes per day ро Stage 2A: Sales Process ● Community centric marketing with strategies differing by product type Diligent pre-qualification process to omit low credit quality candidates early IHC utilizes a staged approach to mitigate risk refined over 10 years of operations Stage 3: Post-Sales Support . Unlike competitors, IHC offers buyers ongoing support and maintenance of shared spaces IHC is seeking strategic alternatives to ongoing management such as assumption by government or a community home owners' association Confidential | 9#10OUR APPROACH TO CONSTRUCTION 1 Footings and grade beams are dug 2 Rebar reinforcement and MEP rough-ins are installed for structure's foundation Roof structure assembled, and final cladding is applied 8 3 Footings, grade beams and slab are produced Finish team installs windows, doors, plaster, paint, ceiling 9 4 Structural rebar in place and readied for mold encapsulation 5 Aluminum mold is assembled around a rebar "cage" Cabinets and MEP fixtures are installed 10 6 Concrete pumped into assembly, vibrated and left to cure Punch list items are cured 11 7 Aluminum mold is disassembled for reuse Confidential | 10#11OUR HOMES IMPROVED, HIGHER QUALITY AND MORE EFFICIENT HOME DESIGNS LEADING INTO 2023 AND 2024 NEW MODELS LEGACY MODELS Perla Reserva 2 Reserva (2BR and 3BR) Zafiro Sales Price Square Feet $/Sqft $65,000 527 $123 Sales Price Square Feet $90,000 762 Sales Price $92,500-112,500 Sales Price Square Feet 904-1054 Square Feet $/ Sqft $ 118 $/ Sqft $102-106 $61,500 642 $96 $/ Sqft Confidential | 11#12OUR PROJECTS LOS SUEÑOS DE SONA Current Phase Completed LOS SUEÑOS DE SANTIAGO Current Phase Total Phases 3 Total Phases Homes Sold 303 Homes Sold Homes Delivered 303 Homes Delivered Current Models Zafiro Current Models New Models N/A New Models Phase 4/5 8 772 700 Zafiro Perla (Phase 67) LA RESERVA Current Phase Phase 1/2 Total Phases 2+ Homes Sold 142 Homes Delivered 123 Current Models New Models Reserva Reserva2 Confidential 12#13OUR CLIENTS High credit quality and government support ● Long term default rates for approved buyers is approximately 2% Often multiple incomes contributing to monthly expenses • Typical mortgage is approximately 21% of an average dual income household CLIENT PROFILES BY DEVELOPMENT La Reserva Suenos de Santiago Average Age 36 31 Average Income $1,580 $786 % Public Sector Employees 73% 21% % Women 54% 41% % From Veraguas 79% 83% Teachers, Police, Employment Medical, Mid Level Managers Clerical, Cleaning, Maintenance, Merchandising Confidential 13#14PHASE 8 Phase 4 (1177 PHASE 6/7 Commercial DEVELOPMENT PIPELINE 2024: A TRANSITIONAL YEAR FOR IHC PROJECTS Phase 2 Phase 1 Phase 3 Reserva 2 Reserva 1. COMPLETE LOWER MARGIN LEGACY PHASES Completion of legacy phase construction and delivery by end of Q4 2024 Phase 3 Phase 5 Reserva 1 2. CONTINUE BUILDING HIGHER MARGIN, NEW PHASES Construction of new designs commenced in Q2 2023 with the first 31 homes of Phase 8 1Pending the availability of future capital Confidential | 14#15OUR TEAM Management Board of Directors Hilt Tatum, Founder & Director Hilt serves as CEO of iPoint Capital Partners, and is responsible for the private equity, venture capital and alternative investment branches of the firm. He presently serves on the executive committee and board of directors of over half a dozen portfolio companies. In addition, he has founded over a dozen companies in a number of business sectors, guiding them through all phases of growth and development. Hilt has managed over 3,000 employees in 20 countries and led the funding, acquisition and exit of multiple businesses. Delia Jaramillo, Chief Operating Officer 20 years of experience contributing to projects as Financial Analyst, Business Developer and Project Manager. Prior to IHC, Delia was a Regional Manager for Titan Dol S.A. overseeing the manufacturing and sale of pressed beams and large format concrete elements. Delia graduated from the University of Panama with a Bachelor's Degree in Business Administration and Accounting (Licensed CPA). Studied a Master's of Finance at Interamerican University of Panama and Construction Management at University of Louisville (Panama). Sophie Galpert-Komet Director Sophie is the founder of Wisdom Star, a strategic advisory business. She has previously led large real estate development companies, most recently as the COO of BST Canada where she oversaw property acquisition, corporate development and strategic initiatives across several projects globally. Tom Wenz, Chief Executive Officer & Director Over 15 years of executive level business management and operational experience with both corporate level and entrepreneurial start-up companies. Extensive experience in mergers, acquisitions, debt, and equity corporate transactions and experience in managing and motivating teams within high growth organizations. Broad experience in developing and managing key customer and vendor relationships, company strategy, goals, business planning, technology development and budget allocations. Swapan Kakuma nu, Chief Financial Officer Over 25 years of senior finance and operations experience. Served at senior executive management levels, both in public and private companies in high growth technology, manufacturing, trading and oil field service industries. Extensive experience in public company reporting, investor relations, mergers and acquisitions, internal controls and general overall financial and operational management. Joshua Lebovic, Director, Chair of Audit Committee Joshua is the CEO and Director of Black Swan Strategy, providing CFO services to high growth companies. He currently serves as the Chief Financial Officer of The Carousel Group. Joshua was previously engaged as CFO for companies in a wide range of sectors including technology, healthcare and consumer products. Confidential | 15#16Contact Information GET IN TOUCH TOM WENZ Chief Executive Officer EMAIL ADDRESS [email protected] PHONE NUMBER +1(406) 370-2603 Confidential 16