Tricon Capital : Q1 2016 - Supplementary Conference Call Presentation

Microsoft PowerPoint - May - Earnings Presentation v5 INVESTING IN COMMUNITIES

Q1 2016

SUPPLEMENTARY CONFERENCE CALL PRESENTATION May 12, 2016

Disclaimer

GENERAL

You are advised to read this disclaimer carefully before reading, accessing or making any other use of the information included herewith. These materials are not an offer or the solicitation of an offer to purchase any securities or make any investment. This presentation includes information about Tricon Capital Group Inc. and its subsidiaries and investees (together, the "Company") as of March 31, 2016, unless otherwise stated. All dollar amounts are expressed in U.S. Dollars unless otherwise stated.

The Company measures the success of its business by employing several key performance indicators that are not recognized under IFRS. These indicators should not be considered an alternative to IFRS financial measures, such as net income. As non-IFRS financial measures do not have standardized definitions prescribed by IFRS, they are less likely to be comparable with other issuers or peer companies. A description of the non-IFRS measures used by the Company in measuring its performance is included in its Management Discussion and Analysis available on the Company's website at www.triconcapital.com and on SEDAR at www.sedar.com.

This presentation may contain information and statistics regarding the markets in which the Company and its investees operate. Some of this information has been obtained from market research, publicly available information and industry publications. This information has been obtained from sources believed to be reliable, but the accuracy or completeness of such information has not been independently verified by the Company and cannot be guaranteed.

FORWARD-LOOKING STATEMENTS

This presentation may contain forward-looking statements and information relating to expected future events and the Company's financial and operating results and projections, including statements regarding the Company's growth and investment opportunities and the performance goals and expectations of its investees, including, in particular, targeted returns, that involve risks and uncertainties. Such forward-looking information is typically indicated by the use of words such as "will", "may", "expects" or "intends". The forward-looking statements and information contained in this presentation include statements regarding expected or targeted investment returns and performance including project timing; the ability of the Company to generate fee income from investments; the ability to attract third-party investment; the timing and availability of new investment opportunities; and expectations for the overall growth in the business. These statements are based on management's current expectations, intentions and assumptions which management believes to be reasonable having regard to its understanding of prevailing market conditions and the current terms on which investment opportunities may be available.

Projected returns are based in part on projected cash flows for incomplete projects. Numerous factors, many of which are not in the Company's control, and including known and unknown risks, general and local market conditions and general economic conditions (such as prevailing interest rates and rates of inflation) may cause actual investment performance to differ from current projections. Accordingly, although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information. If known or unknown risks materialize, or if any of the assumptions underlying the forward-looking statements prove incorrect, actual results may differ materially from management expectations as projected in such forward-looking statements. Examples of such risks are described in the Company's continuous disclosure materials from time-to-time, as available on SEDAR at www.sedar.com. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

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About Tricon Capital Group (TSX:TCN)

All figures in U.S. dollars unless otherwise indicated

PRINCIPAL INVESTOR and

ASSET MANAGER focused on the North American residential real estate industry

$2.8

billion of Assets Under Management

Founded in 1988 and listed on the TSX in 2010

Vast and growing

housing opportunity

Attractive risk-adjusted returns

Diversified residential real estate platform

Opportunistic capital allocation strategy

Share Price (May 11)	C$8.29
Quarterly Dividend (Annual Yield%)	C$0.065 (3.1%)
Basic Shares	112 million
Market Capitalization	C$929 million
Enterprise Value	C$1,032 million

Headquartered in Toronto with a regional office in San Francisco

Data presented as at March 31, 2016, except where otherwise noted. Foreign exchange rate as at March 31, 2016 - C$1.30:USD$1.00. 3

Financial Review Wissam Francis

Chief Financial Officer

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