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A&W Food Services of Canada Inc. Investor Presentation TSX AW.UN Q3 2026 · October 2026
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Forward-Looking Information Certain statements in this presentation contain forward-looking information within the meaning of applicable securities laws in Canada. The words “anticipates”, “believes”, “budgets”, “could”, “estimates”, “expects”, “forecasts”, “intends”, “may”, “might”, “plans”, “projects”, “schedule”, “should”, “will”, “would”, “outlook” and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. The forward-looking information in this presentation includes, but is not limited to: Food Services’ new Mission and Corporate Strategy, including its strategic directions and the desired outcomes of the Corporate Strategy; Food Services’ plan to grow market share and enhance success for A&W franchisees; Food Services’ plans to develop new restaurant formats and business models; Food Services’ plan to grow the Pret brand by opening additional shops in airports, city street and other captive pedestrian locations across Canada and to evaluate other complementary brands that offer growth opportunities; the 2026 outlook, the significant whitespace opportunity that provides a clear path for growth; the robust new restaurant pipeline supported by the strategic partnership with Petro-Canada (Suncor); expectations that investments are operating and in line with capital light franchisee model; the long-term, strategic roll out of the Pret A Manger brand across Canada; A&W’s expectation that it will have three to four franchised Pret locations open by the end of 2026; A&W’s ability to grow franchisees profitability; and expectations relating to the future operating and financial performance of A&W, including its ability to grow earnings, increase the number of A&W restaurants and pay dividends. This forward-looking information is based on a number of assumptions that, while considered reasonable as of the date such statements are made, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information. Such assumptions include, but are not limited to: A&W will be successful in executing its business strategies and pursuing its growth opportunities; there are no material changes in competition; the continued availability of experienced management and other key personnel and hourly employees; that there are no material changes in the QSR burger market, including as a result of changes in consumer taste or health concerns or a disease outbreak; and that there are no material impact to consumer discretionary spending due to changes in economic conditions including economic recession or changes in the rate of inflation or deflation, employment rates and household debt, political uncertainty, international conflicts, interest rates, currency exchange rates, derivative and commodity prices or actual or threatened tariffs. Inherent in forward-looking information are risks and uncertainties beyond our ability to predict or control that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. The forward-looking information is this presentation is subject to, among others, the risks related to A&W’s business (including those generally impacting the QSR industry) identified in A&W’s Management’s Discussion & Analysis for Q3 2026 (“Q3 2026 MD&A”) and A&W’s Annual Information Form for Fiscal 2025 (“Fiscal 2025 AIF”), both of which are incorporated by reference in this presentation. The Fiscal Q3 2026 MD&A and Fiscal 2025 AIF are both available under the profile for A&W Food Services of Canada Inc. (“Food Services”) on SEDAR+ at www.sedarplus.ca or at www.awinvestors.ca. Cautionary Statements
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Forward-Looking Information (continued) The forward-looking information contained in this presentation describes our expectations at the date hereof and is subject to change after such date. All forward-looking information in this presentation is qualified in its entirety by this cautionary statement and, except as required by law, we undertake no obligation to revise or update any forward-looking information as a result of new information, future events or otherwise after the date hereof. Market and Industry Data This presentation includes market information and industry data obtained from independent industry publications, market research and other publicly available sources. Although management believes these sources to be generally reliable, the accuracy and completeness of this information and data are not guaranteed. We have not independently verified any of the data from third party sources referred to in this presentation nor ascertained the underlying assumptions relied upon by such sources. Not an Offer or Solicitation of Securities or Proxies This presentation is for information purposes and does not constitute or form part of an offer to sell or the solicitation of an offer to purchase any securities in any jurisdiction. Currency Unless otherwise noted, all references to “$” are to the Canadian dollar. Non-IFRS Measures This presentation makes references to certain non-IFRS measures. These measures are provided as additional information to complement those IFRS measures by providing further understanding of our results of operations from management’s perspective. Food Services believes that disclosing these non-IFRS measures provides readers of this presentation with important information regarding Food Services’ financial performance. By considering these measures in combination with IFRS measures, Food Services believes that readers are provided with additional and more useful information about Food Services than readers would have if they simply considered IFRS measures alone. We use non-IFRS financial measures including “System Sales”, “Adjusted EBITDA”, “Free Cash Flow” and “Net Debt”; non-IFRS ratios including “System Sales Growth”, "Adjusted EBITDA margin", and "Net Debt to Adjusted EBITDA”; and non-IFRS supplementary financial measures such as “Same Store Sales Growth”. These non-IFRS measures do not have a standardized meaning prescribed by IFRS and our method of calculating these measures may differ from those of other issuers or companies and may not be comparable to similar measures used by other issuers or companies. For additional information regarding the non-IFRS measures used by A&W, please see the “Non-IFRS Measures” and “How We Assess the Performance of our Business” sections of A&W’s Q3 2026 MD&A. Quantitative reconciliations of Adjusted EBITDA, System Sales, Free Cash Flow, and Net Debt for Q3 2026 and Q3 2025 can be found on pages 9 and 10 of A&W’s Q3 2026 MD&A and are incorporated by reference in this presentation. Quantitative reconciliations of Adjusted EBITDA, System Sales, Free Cash Flow, and Net Debt for Fiscal 2025, Fiscal 2024 and Fiscal 2023 can be found on pages 10 and 11 of A&W’s Fiscal 2025 MD&A and are incorporated by reference in this presentation. A&W’s Q3 2026 MD&A and Fiscal 2025 MD&A are available on Food Services’ profile on SEDAR+ at www.sedarplus.ca or at www.awinvestors.ca. Cautionary Statements (Continued)
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Since 1956 Our journey began in 1956 with the opening of our first restaurant in Winnipeg. Since then, our delicious burgers, crispy onion rings, and frosty A&W Root Beer have won over the hearts and taste buds of Canadians everywhere. Our Story & History Our first A&W drive-in opened in 1956 A&W Food Services of Canada is not just the original burger chain—it’s also one of Canada’s fastest-growing one! With an impressive network of 1,113(1) A&W franchised locations and 10 corporate A&W restaurants, A&W proudly serves more than 130 million guests each year . We also corporately own and operate 2 Pret shops in Toronto and opened our first 2 franchised Pret shops at Vancouver International Airport in YTD 2026. We have secured leases for additional sites and expect to have 3 to 4 franchised Prets shops open by the end of 2026. Present Day Our first A&W drive-in opened in 1956 on Portage Avenue West in Winnipeg 1. A&W restaurant count is as of September 6 , 2026.
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Presentation Overview ★ A&W Food Services of Canada Inc. | Overview ★ Business Highlights and Results ★ 2026 Corporate Strategy & Mission ★ Recipe for Growth and 2026 Outlook
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A&W is a True Canadian Success Story Brand Strength A&W ranked as one of the Strongest Canadian Brands every year since 2022(1) Consistent Growth +30 Consecutive Years of Strong Annual System Sales Growth(3) 1. Per Brand Finance Canada’s annual reports for 2022 through 2026 on the most valuable and strongest Canadian brands; ranked on relative strength of brands through a balanced scorecard of metrics evaluating market investment, stakeholders equity and business performance. 2. System Sales and Adjusted EBITDA figures are based on the trailing four quarters through Q3 2026. “System Sales” and “Adjusted EBITDA” are non-IFRS financial measures. See “Cautionary Statements – Non-IFRS Measures”. 3. Excludes 2020, when system sales decreased due to COVID pandemic-related restrictions. Market Leadership 2nd Largest QSR Burger Chain and 3rd Largest Restaurant Brand in Canada Franchisor Strength Top Ranked Franchisor with 99% of A&W Restaurants Franchised & 2 Franchised Pret Shops Financial Strength and Stability Trailing 4 Quarter System Sales and Adjusted EBITDA of $1.96bn and $99.9MM(2)
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A&W Operates in the Large and Growing Burger Segment of the Canadian QSR Market $13.4bn Canadian QSR Burger Market Size(1) ~2.1% year over year growth(1) $1.96bn A&W Trailing 4 Quarter System Sales(2) $44.9bn Canadian QSR Market Size(1) ~3.5% year over year growth (1) 1. Based on trailing 12 month data as of July 31, 2026 per Circana, CREST®, Canada 2. Trailing 4 quarter System Sales is based on trailing four quarters through Q3 2026. “System Sales” and “Adjusted EBITDA” are non-IFRS financial measures. See “Cautionary Statements – Non-IFRS Measures”.
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Delighting Guests from Coast-to-Coast 1,113 A&W Restaurants Across Canada and Growing(1) 1 195 215 46 43 342 198 22 30 3 18 Two standalone Pret A Manger locations in Toronto and two at Vancouver International Airport 1. A&W Restaurant counts are as of September 6, 2026. 623 Freestanding 116 Urban & Other 214 Convenience 160 Shopping Centre 21 new A&W restaurants opened Q3 YTD 2026 Over 70% of A&W restaurants have a drive thru
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A&W Consistently a Top-Ranked Brand in Canada(1) #2 Strongest Brand 2022 #1 Strongest Brand 2023 #1 Strongest Brand 2024 #3 Strongest Brand 2025 #7 Strongest Brand 2026 1. Brand Finance Canada annual reports 2022–2026 on the most valuable and strongest Canadian brands; ranked on relative brand strength through a balanced scorecard of metrics.
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A&W Proven and Recognized Excellence #1 Best Tasting Burger and Best Quality Beef among the six major QSR burger chains in Canada⁽¹⁾ #1 Retail Root Beer A&W Root Beer is the market-leading root beer brand in Canada⁽²⁾ Elite Franchise 100 #2 Franchise in Canada and #1 Burger QSR Franchise in Canada, 2026 Franchisees’ Choice Canadian Franchise Association designation 20152025 11 consecutive years Best Managed Industry Awards CFA Awards of Excellence Bronze 2025; Restaurants Canada Environmental Stewardship Award 2025 1. Ratings are with respect to the six major QSR burger chains in Canada and are based on market consumer research of Synqrinus (conducted in 2026 and commissioned by A&W Food Services of Canada). 2. Based on research conducted and reported by Nielsen and ranked based on market share. Platinum member; Held the Best Managed designation continuously since 2002.
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11 Annual Canadian System Sales ($bn)(2,3) Total Restaurants in Canada (Units) (4) 1. Net Restaurant Growth from 2014 – 2025, calculated using the 2013 year end unit count data per Canada’s Foodservice and Hospitality Top 100 Report (June 2014) and the 2025 year end unit count data per Canada’s Foodservice and Hospitality Top 60 Report (June 2026) . 2. “System Sales” is a non-IFRS measure. See “Cautionary Statements – Non-IFRS Measures”. 3. Annual Canadian System Sales figures for McDonalds, Wendy’s and Burger King are based on Canada’s Foodservice and Hospitality Top 60 Report (June 2026) and based on 2025 data. A&W System Sales are based on System Sales for the trailing four quarters through Q3 2026. 4. Restaurant count for McDonalds, Wendy’s and Burger King is based on Canada’s Foodservice and Hospitality Top 60 Report (June 2026) and based on 2025 year end counts. A&W restaurant count is based on the total number of A&W restaurants at the end of Q3 2026. +19 units added YTD 2026 ~3.0% Average Annual Net Restaurant Growth 2014–2025 +292 units ~0.6% Average Annual Net Restaurant Growth 2014–2025 +95 units +87 units Net Restaurant Growth in Canada(1) #2 Burger Chain in Canada A&W is an Industry Leading Canadian Burger QSR 1,489 1,113 ~2.5% Average Annual Net Restaurant Growth 2014–2025 ~1.9% Average Annual Net Restaurant Growth 2014–2025 +87 units 463 376 $1.96 $1.00 $0.70 $7.50
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System Sales ($bn)(1) Revenue ($MM) Adjusted EBITDA ($MM)(1)(2) A Long History of Growth CAGR (2017- Q3 2026): 5.9% CAGR (2017- Q3 2026): 6.3% 1. “System Sales”, “Adjusted EBITDA” and “Adjusted EBITDA Margin” are non-IFRS financial measures and non-IFRS ratios. See “Cautionary Statements – Non-IFRS Measures”. 2. Decrease in Adjusted EBITDA for Q3 2026 T4Q is due to costs related to the biennial A&W National Convention, which was held in Q2 2026 but not held in 2025. Average EBITDA Margin(1): 31.8%
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A&W Best-in-Class on 10-Year System Sales Growth Average Annual Same Store Sales Growth(2) Average Annual System Sales Growth(1)(3) Note: Per public disclosure; average annual growth figures from 2016 to 2025 shown (System Sales growth and Same Store Sales growth excludes 2020 and 2021 due to COVID pandemic). These are not standardized measures and might not be comparable between peers. 1. “System Sales” is a non-IFRS measure and “Same Store Sales Growth” is a non-IFRS supplementary financial measure. See “Cautionary Statements – Non-IFRS Measures”. 2. Peer same store sales growth is per public disclosure and represents global restaurant system presented on a constant currency basis. 3. Peer system sales growth is per public disclosure and represent global sales (not on a constant currency basis).
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20 Y ear Track Record of Growth 7.4% 3.7% 7.3% 1.5% 2.2% 0.0% (0.7%) 0.4% 6.3% 7.6% 3.4% 2.0% 9.8% 4.1% (14.3%) 14.0% 7.4% 2.7% (0.6%) 1.2% Annual Same Store Sales Growth(1) (4) 1. “System Sales” is a non-IFRS measure, “System Sales Growth” is a non-IFRS ratio and “Same Store Sales Growth” is a non-IFRS supplementary financial measure.. See “Cautionary Statements – Non-IFRS Measures”. 2. Canadian Commercial Food Service Industry and QSR Industry growth from 2006 to 2025 per Restaurants Canada. See “Cautionary Statements – Market and Industry Data”. 3. Q3 2026 T4Q represents System Sales for the trailing four quarters through Q3 2026. 217%A&W System Sales ($bn) (1) Canadian QSR Industry Growth(2) Canadian Commercial Food Service Industry Growth(2) A&W Annual System Sales Growth(1) (3) 128% 161%
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Q3 2026 Q3 2025 YTD 2026 YTD 2025 System Sales⁽¹⁾ ($000s) $497,615 $479,607 $1,370,181 $1,328,822 System Sales Growth⁽²⁾ +3.8% +3.1% +3.1% +2.9% Same Store Sales Growth⁽³⁾ +1.8% +1.4% +1.3% +1.3% Number of A&W restaurants (+29 YoY) 1,113 1,084 1,113 1,084 New A&W restaurants opened 9 3 21 14 1. “System Sales is s a non-IFRS financial measure. See “Cautionary Statements – Non-IFRS Measures”. 2. “System Sales Growth” is a non-IFRS ratio. See “Cautionary Statements – Non-IFRS Measures”. 3. “Same Store Sales Growth” is a supplementary financial ratio. See “Cautionary Statements – Non-IFRS Measures”. Q3 Key Performance Indicators
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($000s) Q3 2026 Q3 2025 YTD 2026 YTD 2025 Total revenue $79,255 $71,205 $209,486 $201,115 Income before income taxes $26,387 $23,611 $56,045 $53,253 Net income per share $0.80 $0.71 $1.66 $1.59 Adjusted EBITDA⁽¹⁾ $26,625 $25,793 $70,593 $70,714 Adjusted EBITDA Margin⁽²⁾ 33.6% 36.2% 33.7% 35.2% Q3 Financial Highlights 1. “Adjusted EBITDA” and “Free Cash Flow” are non-IFRS financial measures. See “Cautionary Statements – Non-IFRS Measures”. 2. “Adjusted EBITDA Margin” is a non-IFRS ratio. See “Cautionary Statements – Non-IFRS Measures”.
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+1.8% Same Store Sales Growth⁽¹⁾ Driven by our nationwide A&W Smashed burger promotion, which ran for 5 of the 12 weeks in Q3. A&W was the first Canadian QSR to offer a smash-style burger at this scale. +11% Revenue to $79.3MM Higher System Sales–driven revenue, turnkey and equipment revenue from 9 new A&W restaurants and 1 Pret shop, and continued migration to the 3.5% service fee rate. +3% Adjusted EBITDA⁽²⁾ to $26.6MM Margin of 33.6% reflects the mix effect of lower-margin turnkey and equipment revenue, which increased with more new restaurant openings. +14% Free Cash Flow⁽²⁾ to $19.5MM Lower use of working capital; Net Debt to Adjusted EBITDA ⁽3⁾ improved to 2.2x from 2.4x a year ago. 1. “Same Store Sales Growth” is a supplementary financial ratio. See “Cautionary Statements – Non-IFRS Measures”. 2. “Adjusted EBITDA” and “Free Cash Flow” are non-IFRS financial measures. See “Cautionary Statements – Non-IFRS Measures”. 3. “Net debt to Adjusted EBITDA” is a non-IFRS ratio. See “Cautionary Statements – Non-IFRS Measures”. What Drove Q3 2026 Results
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Fiscal 2025 Fiscal 2024 Fiscal 2023 3-Year Avg System Sales⁽¹⁾ ($000s) $1,920,243 $1,868,478 $1,853,119 $1,880,613 System Sales Growth⁽²⁾ +2.8% +0.8% +4.3% +2.6% Same Store Sales Growth⁽³⁾ +1.2% -0.6% +2.7% +1.1% Number of A&W restaurants 1,094 1,073 1,054 n/a Net Annual Restaurant Unit Growth 2.0% 1.8% 0.8% 1.5% 1. “System Sales” are in thousands of Canadian $. “Adjusted EBITDA” and “System Sales” are non-IFRS financial measures. See “Cautionary Statements – Non-IFRS Measures”. 2. “System Sales Growth” is a non-IFRS ratio. See “Cautionary Statements – Non-IFRS Measures”. 3. “Same Store Sales Growth” is a supplementary financial ratio. See “Cautionary Statements – Non-IFRS Measures”. Key Performance Indicators For the 3 most recently completed fiscal years
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1. “Adjusted EBITDA” is a non-IFRS financial measure. See “Cautionary Statements – Non-IFRS Measures”. 2. “System Sales Growth” is a non-IFRS ratio. See “Cautionary Statements – Non-IFRS Measures”. 3. “Same Store Sales Growth” is a non-IFRS supplementary financial measure. See “Cautionary Statements – Non-IFRS Measures”. 4. See “Cautionary Statements – Forward-Looking Information” and “Cautionary Statements – Financial Outlook”. Same Store Sales Growth %(3) Total A&W restaurant count, end of fiscal year System Sales Growth %(2) Adjusted EBITDA(1) (2026E)(4) 0.5% – 3.0% 1,112 – 1,120 2.5% – 5.0% $103M – $105M 2026 Financial Outlook (released March 2026 )
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20 Introducing our New Mission "To transform A&W to become #1 in Canada for today's generation of QSR fans, delivering scroll-stopping food with iconic taste and quality, effortless convenience, and a consistently excellent experience that drives return visits, success and opportunity for franchisees." In October 2026, we announced our new Corporate Strategy and Mission:
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Evolving Our Strategy for Today’s Guest The consumer, business and economic environment for the Canadian QSR industry have changed significantly in recent years, and we believe these changes called for a renewed strategic direction. Many guests have become more value-conscious, while others continue to spend on premium experiences. A&W’s evolved strategy capitalizes on ongoing demand for quality QSR and addresses a growing generation of guests who discover food via social media, seeking novelty, bold flavours, and global options. 1. Lead in Burgers Expand and extend A&Wʼs position as a leading burger brand to grow market share, capture many more visits from the fastest-growing consumer groups, and enhance franchisee success. Achieve this through distinctive menu innovation and a consistently excellent experience. 2. Grow Restaurants Continue to support new A&W restaurant growth, including developing new restaurant formats and business models that broaden access to franchise ownership and create additional opportunities for franchisees. 3. Ready for Pret — and More Grow the Pret brand by opening additional shops in airports, city street and other captive pedestrian locations across Canada, and evaluate other complementary brands that offer opportunities for growth.
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A&W Brand - Strong Foundations to Build On 5-Star Operating System Phase 1 complete; Phase 2 expected to be substantially complete by end of Fiscal 2026. Faster service, better guest feedback. Menu Innovation Smash-style burger drove 15% Same Store Sales Growth⁽¹⁾ in its peak week; Value Deals menu lifting value scores. Digital & Loyalty A&W Rewards used in 6% of orders YTD 2026; 500,000+ active app users, double pre-launch. Lower-Cost Restaurants New freestanding build cost down nearly $500K; modernizations down $40K. More lower-cost designs opening in 2026. Franchisee Profitability Restaurant-level profitability up an average of 15% since 2023 Pret Coffee Organic Pret coffee in every A&W restaurant and Pret espresso at the A&W Brew Bar. 1. “Same Store Sales Growth” is a supplementary financial ratio. See “Cautionary Statements – Non-IFRS Measures”. Our 2023 Strategy had many successes and gives a strong foundation to launch into the 2026 Strategy.
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A new Strategy that builds on our Excellence as a Franchisor Elite Franchise 100 Canada 2026 #2 Franchise in Canada #1 Burger QSR Franchise in Canada Winner of the Elite Franchise Top 100 Canada 2026 Source
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Significant Whitespace Opportunity for A&WUntapped New Restaurant Potential Provides Clear Path for Growth Strong Presence in Western Canada ~425 Restaurant Whitespace 1,094(1) 1,522(1) Δ 428 1. Total includes Territories and represents 2025 year end counts for both McDonald's and A&W per Canada’s Foodservice and Hospitality Top 60 Report (June 2026). 2. A&W breakdown by geographical region represents 2025 year end counts. Breakdown for McDonald’s is an estimate. ∆ 492 ~537(2) 45 339 ~540(2) Δ 201 193 ~335(2) Δ 142 70 ~110(2) Δ 40 ★ Robust pipeline of new A&W restaurants to be opened in partnership largely with existing franchisees including Petro-Canada (Suncor) ★ 28 new A&W restaurants opened in Fiscal 2024, 10 of which were in partnership with Suncor ★ 26 new A&W restaurants in Fiscal 2025, 12 of which were in partnership with Suncor ★ 21 new A&W restaurants in YTD 2026, 7 of which were in partnership with Suncor
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★ Significant Whitespace for Growth with Pret Franchises, untapped potential gives a second avenue for growth ○ Food Services has Exclusive rights to Pret in Canada ○ 2 corporately owned shops opened in January 2024 in downtown Toronto and January 2026 in Toronto’s TD Centre PATH ○ First 2 franchised shops opened in YTD 2026 at Vancouver International Airport ○ Secured leases for additional Pret locations and expect to have 3 to 4 franchised shops open by the end of Fiscal 2026 ○ Actively pursuing additional opportunities aligned with the 2026 strategy of growth
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★ Pret Coffee was introduced in all A&W restaurants in 2024 and has fueled growth in coffee sales and has created brand awareness across Canada.
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The Recipe for Future Growth ★ Strategic Priorities: Maintain a strategic focus on enhancing the A&W menu, guest experience, increasing convenience and improving the financial success of our franchisees. ★ Strength of Franchisee Network: Maintain and grow a strong successful franchisee network; provide new opportunities for growth with A&W and Pret. ★ Significant Whitespace Opportunity: Continue to expand into whitespace using strong franchisee network and Suncor partnership to grow the A&W restaurant count. ★ Diversified Growth Driver: Leverage our strengths as a franchisor and exclusive rights to the Pret brand in Canada, which provides an additional, diversified path for future growth, by opening new Pret shops. 1. Over the past three years ended December 28, 2025
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Net Debt to Adjusted EBITDA 2.2 X(1) Annual Dividend $1.92 Share(2) Balanced Capital Allocation Priorities Preserve Balance Sheet Strength Maintain a Prudent Capital Structure for Interest Savings Maintain an Attractive Dividend Maximize Shareholder Returns by Maintaining an Attractive Dividend Invest in the Business For Growth EƵcient Capital Spend Model, Reserve for High-Growth Investments such as Pret and new growth avenues 5.3% implied dividend yield(2) 1.Figure disclosed represents Net Debt to Adjusted EBITDA as at September 6, 2026. Net Debt to Adjusted EBITDA is a non-IFRS ratio. See “Cautionary Statements – Non-IFRS Measures”. 2.Based on annualized dividend amount and AW.TO closing price of $36.04 as of September 4, 2026. Normal Course Issuer Bid 12-month NCIB Announced March 18, 2026 that allows A&W to Purchase up to 600,000 Common Shares. 61,108 Shares Repurchased through Q3 YTD 2026.
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Highly Experienced Management Team15+ Years of A&W Experience on Average Susan Senecal, President & CEO Kelly Blankstein, Chief Financial Officer Brent Todd, Chief Operating Officer Mike Atkinson, EVP Angela Griffiths, VP, Food Safety & Brand Integrity(1) Nancy Wuttunee, VP, People Potential(2) Catherine Anderson, VP, Development Tom Newitt, VP, Menu, Digital & Business Insights Thomas Hughes, VP, Advertising & Promotions Culture of “Climate” developed 40+ years ago to enable the business to be highly successful Corinne Hua, Chief Corporate & People Development Officer 1. Angela Griffiths, VP, Food Safety & Brand Integrity will retire on December 31, 2026 2. Nancy Wuttunee, VP, People Potential will retire on March 12, 2027
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Equity Ownership(1) 1. As at September 6, 2026. 2. All shares beneficially owned by Jefferson Mooney, David Mindell, Paul Hollands and TorQuest (the Key Shareholders) are subject to certain conditions under the Investor Rights Agreement. See the Fiscal 2025 AIF for additional details. 3. Excludes shares beneficially owned by Paul Hollands and TorQuest that are included in the shares owned by Key Shareholders.. Shares owned by Key Shareholders(2) ~54% Shares owned by the Directors and Executive Officers(3) ~4% Shares owned by Public Shareholders ~42%Total Common Shares Outstanding: ~24MM
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Thank you!