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ATRIUM MORTGAGE INVESTMENT CORPORATION 25 YEARS Q2 2026 INVESTOR PRESENTATION August 2026
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This presentation contains certain statements that may be forward-looking statements. All statements in this document, other than statements of historical fact, that address events or developments that Atrium Mortgage Investment Corporation expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and may be identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Atrium believes the expectations expressed in such forward-looking statements are based upon reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include: failure to successfully negotiate or subsequently close transactions, adverse results from mortgage investments and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Atrium’s management on the date the statements are made. Atrium undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, change. Forward-Looking Statements Atrium Mortgage Investment Corporation | 2
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Atrium Mortgage Investment Corporation $579.6M Market Capitalization1 $860.1M Assets Under Management1 8.58% Dividend Yield1,2 We are a market-leading non-bank lender, providing creative financing solutions to the commercial real estate and development communities in major urban centers in Ontario and Western Canada. Founded in 2001, Atrium MIC has grown to be one of the largest mortgage investment corporations in Canada with a diversified, high quality residential, multi-residential, and commercial mortgage portfolio Atrium issued an IPO in September 2012, listing on the Toronto Stock Exchange under the symbol “AI”. TSX: AI is TFSA and RRSP eligible. 1) As of June 30, 2026 2) Based on regular and special dividends declared over the trailing twelve months ended June 30 2026. Atrium Mortgage Investment Corporation | 3
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We utilize a unique business model that leverages our deep relationships and knowledge to maximize steady returns for shareholders. Risk Management • Low LTV portfolio • Focus on 1st mortgages in urban markets • Board oversight 2 Expertise Consistency • Seasoned management team • Experience across all market sectors • Track record of consistent earnings and dividends • Prudent expense management • Defensive lending strategy Shareholder Value Creation 31 Atrium Mortgage Investment Corporation | 4
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$ millions Jun 30, 2026 Dec 31, 2025 Dec 31, 2024 Mortgages receivable $834.4 $892.4 $863.2 Investment property 1.1 1.1 1.1 Other assets 0.1 0.1 - Total assets $835.6 $893.6 $864.3 Credit facility $224.1 $283.0 $193.6 Convertible debentures 72.8 72.4 134.8 Other liabilities 7.9 13.2 18.9 Total liabilities $304.8 $368.6 $347.3 Shareholders’ equity 530.8 525.0 517.0 Total liabilities and equity $835.6 $893.6 $864.3 Financial Strength and Stability Atrium Mortgage Investment Corporation | 5
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Strong Operating Results Atrium Mortgage Investment Corporation | 6 $ millions Q2 2026 Q2 2025 FY 2025 FY 2024 Total revenues $18.7 $21.2 $85.1 $97.3 Financing costs 4.0 5.1 20.5 26.0 Mortgage servicing & management fees 2.0 2.2 8.8 8.6 General & administrative and other 0.9 0.8 2.3 1.3 Provision for credit losses 0.1 - 4.4 13.5 Expenses $7.0 $8.1 $36.0 $49.4 Net income $11.7 $13.1 $49.1 $47.9 Earnings per common share-basic $0.24 $0.28 $1.03 $1.06
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Consistent Earnings Profile Over Time Atrium Mortgage Investment Corporation | 7 Objective: Preserve capital and focus on steady, safe returns to shareholders. * Our regular dividend is distributed to shareholders in monthly installments, currently of $.0775 per share. $0.80 $0.82 $0.84 $0.86 $0.88 $0.90 $0.90 $0.90 $0.90 $0.90 $0.90 $0.90 $0.93 $0.93 $0.85 $0.89 $0.93 $0.96 $0.92 $0.94 $0.96 $0.92 $0.97 $1.13 $1.19 $1.06 $1.03 TBD 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Regular Dividend* Special Dividend
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0% 2% 4% 6% 8% 10% 12% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1'26 Q2'26 Rate of ReturnAvg 5-year Government of Canada bond Avg 1-year Government of Canada treasury bill Annual Return on Shareholders’ Equity: Strong and Consistent Returns Atrium Mortgage Investment Corporation | 8 584 - 865 bps Atrium Return on Equity
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Movement in Average Mortgage Rate Atrium Mortgage Investment Corporation | 9 0% 2% 4% 6% 8% 10% 12% Atrium MIC Avg 5-year Government of Canada bond yields Difference
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Portfolio Weighted Average Loan-to-Value Since Going Public in 20121: Maintain Low Risk Portfolio Note: We strive to maintain a maximum LTV ratio of 65% across our entire portfolio. Atrium Mortgage Investment Corporation | 10 66.6% 64.1% 64.3% 64.7% 62.7% 61.5% 61.1% 59.5% 61.0% 60.9% 59.4% 61.4% 61.9% 61.4% 61.4% 62.5% 50% 60% 70% 80% 90% 100% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1'26 Q2'26 Borrower Equity 1 Weighted average loan-to-value (”LTV”) is calculated based on the value of the underlying assets determined using third -party appraisals at origination and updated using third-party appraisals when warranted.
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Maintain Low Risk Portfolio • Low management fee: 0.85% plus HST. • No performance fee. • Low general and administrative costs. • Total operating expenses approximately 1.3% of assets*. Atrium Mortgage Investment Corporation | 11 *Based on annualized expenses for the six-month period ended June 30, 2026, and excludes financing costs and provision for credit losses.
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Atrium Mortgage Investment Corporation | 12 Expertise of Independent Directors Mark L. Silver, Chair President of Optus Capital Corporation, founding partner and past CEO of Universal Energy. Robert H. DeGasperis President of Metrus Properties and DG Group, family owned and operated real estate companies. Peter P. Cohos President and founder of Copez Properties Ltd., a Calgary-based real estate investment company. Andrew Grant President of PCI Holdings Corp., a major developer in British Columbia. Nancy H.O. Lockhart Director of George Weston Limited and Choice Properties REIT. Jennifer Scoffield, CPA, CA Trustee at Dream Industrial REIT and former CFO of CMCC/Atrium. Mario Barrafato, CPA, CA Former Chief Financial Officer of Choice Properties REIT.
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Maintain Low Risk Portfolio Mortgage Rank Loan to Value: 62.5% Mortgage Portfolio Profile – June 30, 2026: Atrium Mortgage Investment Corporation | 13 96.9% 3.1% First mortgages Other ranks 90.5% 9.5% < 75% > 75%
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Geographic Portfolio Diversification Atrium Mortgage Investment Corporation | 14 Based on carrying amounts as of June 30, 2026: GTA 83.5% Non-GTA Ontario 8.7% British Columbia 7.8% British Columbia Portfolio: $67,162,000 Ontario Portfolio: $792,893,000
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Portfolio Property Type Composition Atrium Mortgage Investment Corporation | 15 Commercial 30.0% Condo 0.1% Low Rise 14.8% Mid Rise 10.0% High Rise 21.7% House and Apartment 23.4% Commercial 9.9% Condo 0.2% Low Rise 17.2% Mid Rise 23.3% High Rise 36.2% House and Apartment 13.2% 2023 Q2 2026
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Atrium versus the TSX Composite Cumulative Total Return Steady growth and superior returns. Atrium Mortgage Investment Corporation | 16 $- $200 $400 $600 $800 $1,000 Atrium TSX The composite cumulative return in Atrium shares is based on a $100 investment in Atrium shares in 2001 and all dividends earned being reinvested in Atrium shares over the period of holding.
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18 King St. East, Suite 1010, Toronto, Ontario, M5C 1C4 416.867.1053