Harbor Custom Development Investor Presentation Deck

Primary Sources & Uses of Capital BALANCED APPROACH TO CAPITAL ALLOCATION: ● ● ● ● Fund working capital needs Invest in real estate assets Debt reduction & financing fees Pay preferred dividends *Table figures are in millions. Figures as of March 31, 2023 HARBOR CUSTOM DEVELOPMENT | INVESTOR DECK CAPITAL SOURCES Construction Loans Operations Less Real Estate Assets Equipment Sales Proceeds CAPITAL USED Real Estate Assets net of Cost of Sales Debt Paydown & Financing Fees Preferred Dividends Net Decrease in Cash $17.9 $1.5 $0.1 $13.2 $7.7 $0.6 ($2.0) Q1 2023 HIGHLIGHTS: Continued net investment of $13.2 million into our real estate assets Paid down debt and financing fees of $7.7 million 18

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