Investor Presentaiton
Dream | Impact Trust
Forward-Looking Information & Non-IFRS Measures
Forward-Looking Information
BUILDING BETTER COMMUNITIES
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This presentation may contain forward-looking information within the meaning of applicable securities legislation, including statements relating to the Trust's objectives and strategies to
achieve those objectives, the Trust's beliefs, plans, estimates, projections and intentions, and similar statements concerning anticipated future events, future growth and drivers thereof,
results of operations, performance, business prospects and opportunities, market conditions, acquisitions, or divestitures, leasing transactions, future maintenance and development
plans and costs, capital investments, financing, the availability of financing sources, income taxes, litigation and the real estate and lending industries in general, in each case, that are
not historical facts; as well as statements regarding: the Trust's focus on impact investing; the Trust's ability to achieve its impact and sustainability goals; the Trust's ability to achieve
strong financial returns alongside positive and measurable impact in its communities; the Trust's target portfolio allocation of 70% recurring income properties and 30% development; the
proportion of the Trust's portfolio comprising impact investments in future years; the Trust's development pipeline, including the number of residential units and retail and commercial GLA
to be developed in the next five years; the Trust's growth potential and expected returns; the ability of our portfolio to support NAV growth and shareholder returns in future periods; our
expected returns on development and investment holdings and income properties; our expectation that recurring income is expected to increase through 2025 with the stabilization of
existing development assets; the expected stabilization dates of the assets in our recurring income and development segments; the expected demand for impact and sustainable assets
and their ability to generate greater cash flow; our plans and proposals for current and future development projects, including projected sizes (including total residential GFA and
commercial GFA), densities, uses, costs, timelines, development milestones, stabilization or completion dates and their expected sustainability impacts (including reductions in energy
and water usage and GHG emissions, rental savings, improved health outcomes, social and community programming, public and park spaces, social procurement initiatives, achieving
net-zero); our methodologies for valuing investments, including market value adjustments; Forward-looking information is based on a number of assumptions and is subject to a number of
risks and uncertainties, many of which are beyond the Trust's control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-
looking information. These risks and uncertainties include, but are not limited to: adverse changes in general economic and market conditions; the impact of the novel coronavirus (COVID-
19] pandemic on the Trust; changes to the regulatory environment; environmental risks; local real estate conditions, including the development of properties in close proximity to the
Trust's properties and changes in real estate values; timely leasing of vacant space and re-leasing of occupied space upon expiration; dependence on tenants' and borrowers' financial
condition; the uncertainties of acquisition activity; the ability to effectively integrate acquisitions; dependence on our partners in the development, construction and operation of our real
estate projects; uncertainty surrounding the development and construction of new projects and delays and cost overruns in the design, development, construction and operation of
projects; our ability to execute on our strategic plans and meet financial obligations; interest and mortgage rates and regulations; inflation; availability of equity and debt financing and
foreign exchange fluctuations. All forward-looking information in this presentation speaks as of November 1st, 2021. The Trust does not undertake to update any such forward-looking
information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is
disclosed in filings with securities regulators filed on SEDAR (www.sedar.com). These filings are also available at the Trust's website at www.dreamimpacttrust.ca.
Non-IFRS Measures
The Trust's condensed consolidated financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"). In this presentation, as a complement to
results provided in accordance with IFRS, the Trust discloses and discusses certain non-IFRS financial measures including NAV, NAV per unit, debt-to-asset value, total unitholders' equity
per unit, as well as other measures discussed elsewhere in this presentation. These non-IFRS measures are not defined by IFRS, do not have a standardized meaning and may not be
comparable with similar measures presented by other issuers. The Trust has presented such non-IFRS measures as management believes they are relevant measures of our underlying
operating performance and debt management. Non-IFRS measures should not be considered as alternatives to unitholders' equity, net income, total comprehensive income or cash flows
generated from operating activities (continuing), or comparable metrics determined in accordance with IFRS as indicators of the Trust's performance, liquidity, cash flow and
profitability. For a full description of these measures and, where applicable, a reconciliation to the most directly comparable measure calculated in accordance with IFRS, please refer to
the "Non-IFRS Measures and Other Disclosures" section in the Trust's Management's Discussion and Analysis for the three and twelve months ended September 30, 2021.View entire presentation