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FISCAL 2014 RESULTS CONFERENCE CALL & WEBCAST August 18, 2014

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FORWARD LOOKING INFORMATION

Forward-Looking Statements The Fiscal 2014 Fourth Quarter Results Conference Call and this presentation contain statements that constitute forward-looking statements about expected future events and financial and operating results of Amica Mature Lifestyles Inc. (“Amica” or the “Company”). The statements represent Amica’s intentions, plans, expectations and beliefs as of the date hereof and are subject to certain risks and uncertainties. These statements are based on certain factors and assumptions regarding expected growth, results of operations, performance and business prospects and opportunities. Although such forward-looking statements are based upon assumptions that management believes are reasonable, there can be no assurance that actual results will be consistent with these forward-looking statements and actual results in future periods may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties are more fully described in Amica’s regulatory filings including its most recent annual information form and management’s discussion and analysis which can be obtained on SEDAR at www.sedar.com. Investors should not place undue reliance on any such forward-looking statements. Subject to applicable law, Amica does not undertake any obligation to update or revise any forward-looking information.  Non-IFRS Financial MeasuresThis presentation makes reference to the following terms: “Earnings Before Interest, Taxes, Depreciation and Amortization” (or “EBITDA”), “Funds From Operations” (or “FFO”), “Adjusted Funds From Operations” (or “AFFO”), “Monthly Average Revenue Per Available Suite” (or “MARPAS”) and “Retirement communities margin” (collectively the “Non-IFRS Financial Measures”). These Non-IFRS Financial Measures are not recognized under IFRS and do not have standardized meanings prescribed by IFRS. The Company considers these Non-IFRS Financial Measures relevant in evaluating the operating and financial performance of the Company, along with IFRS measures such as net earnings (loss) and comprehensive income (loss), basic and diluted earnings (loss) per share and cash provided by (used in) operations. Please see “NON-IFRS FINANCIAL MEASURES” and “DEFINITION AND RECONCILIATION OF NON-IFRS FINANCIAL MEASURES” in the Company’s management’s discussion and analysis for the twelve months ended May 31, 2014 for a description of these Non-IFRS Financial Measures, which is available on SEDAR at www.sedar.com.  Please see the Company’s management’s discussion and analysis for the twelve months ended May 31, 2014, for the definition of “mature same communities”, which is available at www.sedar.com.

Note: All dollar figures in this presentation are in Canadian dollars.

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Samir ManjiChairman & CEO

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FISCAL 2014

Points of Progress

Revenue (000’s)

2014 $137,511

10%2013 $125,156

Retirement Margin (000’s)

2014 45,133

14.5%2013 39,401

MARPAS2014 $3,912

4.9%2013 $3,731

AFFO (000’s)

2014 $14.4

10%2013 $13.1

Interest Expense Savings $2.4 million savings from renewals/refinancing at lower rates for Fiscal

2014 on a same community basis as Fiscal 2013 (excludes Amica at Aspen Woods and Amica at Whitby consolidated starting Q1/14 & Q4/13 respectively)

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3 Co-tenancy Restructurings Objective was to put these properties on sustainable

financial path Amica at Whitby completed in December 2013 Amica at Thornhill completed March 2014

Amica increased ownership from 29.5% to 55.5% Cash consideration for additional ownership $0.9 million and Amica

funded another $1.0 million to maintain its previous 29.5% position Amica forgave $2.1 million non-controlling interest’s share of loan

and interest receivable from co-tenancy Amica at London completed June 2014

Amica increased ownership from 35.5% to 43.5% Cash consideration for additional ownership $0.3 million and Amica

funded another $1.3 million to maintain its previous 35.5% position Amica forgave $2.4 million non-controlling interest’s share of loan

and interest receivable from co-tenancy

CHALLENGES

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$16.2 million pre-tax impairment loss in Q4/14

Relates to three properties located in Ontario whose carrying value exceeds estimated recoverable amounts.

Attributed to a longer than anticipated lease-up period and the erosion of community margins from increased competition and higher expenses.

AFFO per share below target

Fell short of AFFO per share growth we had targeted

CHALLENGES

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Fiscal 2014:

Driving Internal Growth

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KEY AREAS OF FOCUS FOR FISCAL 2014

1. Drive occupancy in lease-up communities

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FISCAL 2014 HIGHLIGHTS

* Includes Thornhill, London and Whitby which became mature communities effective Dec 1/12, Apr 1/13 & Dec 1/13, respectively.

MATURE COMMUNITIES

Overall Occupancy*

May 31/14 93.1%

Feb 28/14 94.1%

Nov 30/13 94.1%

Aug 31/13 93.8%

May 31/13 93.8%

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FISCAL 2014 HIGHLIGHTS

At May 31/14, there are four communities in lease-up: Aspen Woods, Bayview Gardens, Windsor, and Quinte Gardens

LEASE-UP COMMUNITIES

Occupancy

With Aspen Woods Without Aspen Woods

Aug 10/14 72.0% 76.9%

May 31/14 70.8% 77.1%

Feb 28/14 65.6% 74.3%

May 31/13 N/A 67.1%

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COMMUNITIES IN LEASE-UP

Overall occupancy for communities in lease-up (same communities)

Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/1450%

55%

60%

65%

70%

75%

80%

Note: All periods include Bayview Gardens, Windsor & Quinte Gardens. Aspen Woods is included starting Q1/14

Excluding Aspen Woods

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KEY AREAS OF FOCUS FOR FISCAL 2014

2. Grow MARPAS

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MARPASKEY ECONOMIC DRIVER

MARPAS = Monthly Average Revenue Per Available Suite

August November February May $3,740

$3,780

$3,820

$3,860

$3,900

$3,940

$3,980

Mature same community

MARPAS

Fiscal 2013

Fiscal 2014

$3,867

starting Oct/12, includes Westboro Park; starting Dec/12, includes Thornhill; starting Apr/13, includes London; starting Dec/13, includes Whitby

$3,913

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KEY AREAS OF FOCUS FOR FISCAL 2014

3. Increase retirement communities margins through revenue growth and expense

management

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FISCAL 2014 Q4 HIGHLIGHTS

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* Net of management fees eliminated on consolidation

MATURE COMMUNITIES

3 months ended 12 months ended

May 31/14 May 31/13 Change May 31/14 May 31/13 Change

Revenues ($000’s)

$28,821 $28,214 $607 $115,250 $106,743 $8,507

Expenses* ($000’s)

$18,701 $19,230 ($529) $74,744 $70,819 $3,925

Margin ($000’s)

$10,120 $8,984 $1,136 $40,506 $35,924 $4,582

Margin (%) 35.1% 31.8% 3.3% 35.1% 33.7% 1.4%

For the three months ended May 31, 2014, all of the margin increase is from improved margins on a same community basis

For the year ended May 31, 2014, $3.1 million is from improved margins on a same community basis and $1.5 million of the margin increase is due to the consolidation of two additional communities

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FISCAL 2014 Q4 HIGHLIGHTS

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* Net of management fees eliminated on consolidation

For the three months ended May 31, 2014, $0.5 million of the margin increase is from improved margins on a same community basis and $0.1 million is due to the consolidation of an additional community

 For the year ended May 31, 2014, $1.7 million increase was from improved margins on a same community basis; this was partially offset by a $0.5 million decrease due to the consolidation of an additional community

LEASE-UP COMMUNITIES

3 months ended 12 months ended

May 31/14 May 31/13 Change May 31/14 May 31/13 Change

Revenues ($000’s)

$6,052 $4,520 $1,532 $21,740 $17,301 $4,439

Expenses* ($000’s)

$4,616 $3,688 $928 $17,113 $13,824 $3,289

Margin ($000’s)

$1,436 $832 $604 $4,627 $3,477 $1,150

Margin (%) 23.7% 18.4% 5.3% 21.3% 20.1% 1.2%

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FISCAL 2014 Q4 HIGHLIGHTS

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* Net of management fees eliminated on consolidation

For the three months ended May 31, 2014, $0.4 million of margin increase due to reduced corporate recoveries (now charged to general and administrative expenses)

For the year ended May 31, 2014, $1.5 million of margin increase due to reduced

corporate recoveries

RETIREMENT COMMUNITIES

3 months ended 12 months ended

May 31/14 May 31/13 Change May 31/14 May 31/13 Change

Revenues ($000’s)

$34,873 $32,734 $2,139 $136,990 $124,044 $12,946

Expenses* ($000’s)

$23,317 $22,918 $399 $91,857 $84,643 $7,214

Margin ($000’s)

$11,556 $9,816 $1,740 $45,133 $39,401 $5,732

Margin (%) 33.1% 30.0% 3.1% 32.9% 31.8% 1.1%

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Fiscal 2013

Fiscal 2014

Q4/13

Q4/14

$- $40,000 $80,000 $120,000 $160,000

$39,401

$45,133

$9,816

$11,556

$124,044

$136,990

$32,734

$34,873

RevenuesMargin

Growing Retirement Communities Revenues (expressed in thousands)

FISCAL 2014 Q4 HIGHLIGHTS

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KEY AREAS OF FOCUS FOR FISCAL 2014

4. Identify opportunities for increased ownership in existing Amica communities and obtain new

development sites

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FISCAL 2014 HIGHLIGHTS

Internal Consolidation

Amica atErin Mills

(Mississauga, ON)

Amica increased its ownership to 100% from 50% effective

Sept. 1, 2013

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FISCAL 2014 HIGHLIGHTS

New Development – Amica at Fish Creek Expanding presence in Calgary 3.43 acre development land site located in Southwest Calgary Anticipate developing the land in two phases First phase expected to add 150 suites to Amica’s existing portfolio Near term plan is to undertake pre-development activities and

establish a joint venture with 3rd party investor(s) Construction not anticipated to commence within the next 12 months

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KEY AREAS OF FOCUS FOR FISCAL 2014

5. Advance the construction of new Communities and the

expansion existing Communities

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Amica at Aspen Woods Opened in August 2013 Amica’s first Wellness & Vitality™ Residence in Alberta Adds 147 suites to Amica’s existing portfolio Construction was complete under budget

Amica at Aspen Woods

FISCAL 2014 HIGHLIGHTS

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FISCAL 2014 HIGHLIGHTS

Amica at Oakville Progress continues to be made on the construction Expected to open late Spring 2015 Adds 139 suites to Amica’s existing portfolio

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Potential for 439 suites to be added to Amica’s existing portfolio

FISCAL 2014 HIGHLIGHTS

Projects Under Development Amica at Dundas Expansion

Recently obtained site plan approval Adds 74 suites

Amica at Swan Lake Expansion Adds 76 suites

Amica at Fish Creek Pre-Development Estimated to add 150 Suites

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KEY AREAS OF FOCUS FOR FISCAL 2014

6. Grow dividends and Amica’s capital markets profile

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DIVIDEND PAYOUT vs AFFO DILUTED PER SHARE

Quarterly dividend paid since September 2006

Fiscal 2013 Fiscal 2014 $0.100

$0.200

$0.300

$0.400

$0.500

$0.600

Dividend per share Diluted per share AFFO

99% payout*90% payout*

* Reflects new definition of AFFO adopted in August 2013

$0.42 $0.43 $0.42 $0.47

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Art AyresChief Financial Officer

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FINANCIAL SUMMARY

For the 3 Months Ended

in thousands, except per share amounts May 31/14 May 31/13 Change

Revenues $34,956 $32,960 $1,996

Net loss ($15,897) ($5,523) ($10,374)

Net loss attributable to Amica shareholders ($12,183) ($2,706) ($9,477)

Diluted loss per share ($0.40) ($0.09) ($0.31)

EBITDA ($7,323) $7,398 ($14,721)

Impact of impairment loss property and equipment:• Net loss increased $12.6 million• Net loss attributable to Amica shareholders increased $10.2 million or $0.34 per share• EBITDA decreased by $16.2 million, adjusting to remove, EBITDA would have improved

by $1.5 million to $8.9 million or 20%

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FFO & AFFO

For the 3 Months Ended

in thousands, except per share amounts May 31/14 May 31/13 Change

FFODiluted FFO per share

$3,389$0.11

$2,847$0.09

$542$0.02

AFFODiluted AFFO per share

$3,255$0.11

$3,285$0.11

($30)$ -

AFFO for Q4/14 reflects $0.6 million in maintenance capex (Q/13 - $0.3 million) inclusive of a $0.8 million decrease in the maintenance reserve (Q3/13 – decrease of $1.2 million).

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AFFOIn reviewing its AFFO results, the Company adds back the following items:

in thousands, except per share amountsAFFO

3 Months Ended

Item May 31/14 May 31/13

FFO, as reported $3,389 $2,847

Maintenance capital expenditures actual (1,349) (1,531)

Maintenance capital expenditures reserve 783 1,187

Add back: lease-up losses 107 -

Add back: Non-real estate depreciation 85 94

Add back: Amortization of deferred finance costs 170 235

Add back: Share-based compensation 70 86

Add back: Equity loss on development properties - 367

AFFO $3,255 $3,285

Diluted per share amount $0.11 $0.11

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FINANCIAL SUMMARY

For the 12 Months Ended

in thousands, except per share amounts May 31/14 May 31/13 Change

Revenues $137,511 $125,156 $12,355

Net loss ($26,111) ($19,125) ($6,986)

Net loss attributable to Amica shareholders ($15,650) ($8,467) ($7,183)

Diluted loss per share ($0.51) ($0.28) ($0.23)

EBITDA $19,291 $31,698 ($12,407)

Impact of impairment loss property and equipment:• Net loss increased $12.6 million• Net loss attributable to Amica shareholders increased $10.2 million or $0.33 per share• EBITDA decreased by $16.2 million, adjusting to remove, EBITDA would have improved

by $3.8 million to $35.5 million or 12%

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FFO & AFFO

For the 12 Months Ended

in thousands, except per share amounts May 31/14 May 31/13 Change

FFODiluted FFO per share

$14,802$0.48

$12,855$0.42

$1,947$0.06

AFFODiluted AFFO per share

$14,418$0.47

$13,143$0.43

$1,275$0.04

AFFO for Fiscal 2014 reflects $2.5 million in maintenance capex (Fiscal 2013 - $2.0 million)

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AFFOIn reviewing its AFFO results, the Company adds back the following items:

in thousands, except per share amountsAFFO

12 Months Ended

Item May 31/14 May 31/13

FFO, as reported $14,802 $12,855

Maintenance capital expenditures actual (2,516) (1,977)

Add back: lease-up losses 462 -

Add back: Non-real estate depreciation 321 345

Add back: Amortization of deferred finance costs 831 925

Add back: Share-based compensation 507 628

Add back: Equity loss on development properties 11 367

AFFO $14,418 $13,143

Diluted per share amount $0.47 $0.43

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Thereafter

2019

2018

2017

2016

2015

Demand Mortgages

CONSOLIDATED DEBT MATURITY

$29.7M ($5.2M CMHC)(4.59%)

Consolidated debt maturities and weighted average nominal interest rates as at May 31, 2014 by fiscal year:

Year Ending May 31,

Note: Figures do not include annual principal payments

Weighted average nominal interest

rate: 3.71%

Weighted average term to maturity:

2.8 years

$199.4M (No CMHC)(3.87%)

$41.3M (No CMHC)(5.64%)

$49.1M ($3.3M CMHC)(3.62%)

$74.1M ($56.5M CMHC)(2.97%)

$31.8M ($31.8M CMHC)(2.73%)

$33.2M ($28.3M CMHC)(3.76%)

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CASH RESOURCES

Consolidated cash & cash equivalents balance at May 31, 2014: $5.3 million

$20 million operating loan secured by a 100% Amica owned community. $8.7 million is available under this loan facility at May 31, 2014 (amount available is net of $10.6 million drawn on the loan facility and $0.7 million in letters of credit secured by the loan facility). On Aug 15/14, the balance owing on the demand loan was $12.1 million

Financings in Progress $2.0 million increase in existing first mortgage $7.7 million letter of intent for new first mortgage, will

repay existing $3.2 million first mortgage for net proceeds of $4.5 million

Other opportunities in pipeline

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David MinnettPresident

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Fiscal 2015:

Simplifying our Business

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5 Core Strategies

1. Accelerate Margin Growth within every Community

2. Simplify our Organization

3. Talent Management and Development

4. Strengthening our Balance Sheet and Sustaining Cash Position

5. Institutionalize Amica Standards across the Portfolio

Fiscal 2015:

Simplifying our Business

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5 Core Strategies

1.Accelerate Margin Growth within every Community

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5 Core Strategies

2.Simplify the Organization

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5 Core Strategies

3.Talent Management and

Development

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5 Core Strategies

4.Strengthen our Balance Sheet and

Sustaining Cash Position

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5 Core Strategies

5.Institutionalize Amica

Standards across the Portfolio

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Samir ManjiChairman & CEO

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SUMMARY

ACC:TSX

Recent Share Price (15-Aug-14) $7.56

52-Week Range: $7.11 to $9.15

Shares Outstanding: 30.80M

Quarterly Dividend (Record Date: Aug 29, 2014) $0.105

Current Yield: 5.56%

Total Market Cap: $232.8M

Total Consolidated Enterprise Value: $758.2M

Manji Family Holdings (common shares): 8.2M (27%)

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QUESTIONS