Slides
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Restaurant Brands Asia Limited Investor Presentation August 3, 2026
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Disclaimer 2 Certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such expectations, projections etc., whether express or implied. These forward-looking statements are based on various assumptions, expectations and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, competitive intensity, pricing environment in the market, economic conditions affecting demand and supply, change in input costs, ability to maintain and manage key customer relationships and supply chain sources, new or changed priorities of trade, significant changes in political stability in India and globally, government regulations and taxation, climatic conditions, natural calamity, commodity price fluctuations, currency rate fluctuations, litigation among others over which the Company does not have any direct control. These factors may affect our ability to successfully implement our business strategy. The company cannot, therefore, guarantee that the ‘forward-looking’ statements made herein shall be realized. The Company, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as may be required from time to time on the basis of subsequent developments and events. Restaurant Brands Asia Limited | Q1 FY27
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Business Key Priorities
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India – Key Priorities #In Stores with Self Ordering Kiosks *EBITDA is Pre IND AS-116 4Restaurant Brands Asia Limited | Q1 FY27 Same Store Sales Growth of 12.6%; highest in last 15 quarters Revenue grew by 23.6% YoY; Co. EBITDA* grew by 2.3x to INR 52.7 Crs in Q1 FY27 Value Leadership Menu Strengthening Digital 1st Brand Profitability focus • SOK’s & BK App across all restaurants, 90%+ orders through digital channels# • CRM engine for customer data and analytics Successful value campaigns • Stunner menu • Tast Meal @99 • 2forX • BK Café launch in 2022 • Co-branded desserts and shakes • Burger Portfolio expansion with Whopper deluxe & LTOs (Korean range) • Menu strategy • Supply chain initiatives • Efficiencies in utilities through solar & new broiler
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Indonesia – Key Priorities 5Restaurant Brands Asia Limited | Q1 FY27 Strategic pillars for improvement in performance Burger King restaurant EBITDA* margin at 5.2% Value Focus Menu Strengthening Digital 1st Brand Profitability focus *EBITDA is Pre IND AS-116 • Corporate overheads reduction by 25% • Portfolio rationalization (42 stores) • Delivery profitability improvement (via discount optimization) • Build long term burger led value strategy • “King Deals” with bone-in chicken • Bone-in chicken portfolio expansion • Whole Chicken portfolio launched – First among International QSR chains • LTOs: Boss Whopper, Meatgol Whopper • SOKs across all restaurants • Unlock incremental sales through CRM
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Marketing Initiatives
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Menu Innovation 7Restaurant Brands Asia Limited | Q1 FY27
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Continue to Strengthen Value Leadership 8 2for79 to be market competitive Crazy App Deals to increase frequency of BK App Thematic Saver “Meals for 2” for higher group sizes Restaurant Brands Asia Limited | Q1 FY27
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Integrating deeper with Regional Festivals to build an emotional connect 9Restaurant Brands Asia Limited | Q1 FY27 • Meal led offerings along with thematic freebies • Gifts with meals & merchandise
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10 Continue to build Brand Love with engaging content Restaurant Brands Asia Limited | Q1 FY27 LTO Trust in Taste College activationBAU & Topicals
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11 Strengthening Brand Loyalty and Building deeper Brand Love Restaurant Brands Asia Limited | Q1 FY27
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Q1 FY27 Key Highlights
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Revenue Mix and Store Count 13Restaurant Brands Asia Limited | Q1 FY27 25 137 590 Popeyes - Indonesia Burger King - Indonesia Burger King - India Store Count (As at 30 June, 2026) 83% 15% 2% Revenue Mix (Q1 FY27) Burger King - India Burger King - Indonesia Popeyes - Indonesia 83% Revenues from India, 9 Stores added in Burger King India in Q1 F27
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70.8% Gross Margin +3.1% YoY | 0.6% QoQ INR 900 Mn Restaurant EBITDA* +68.1% YoY India Q1 FY27 – Operational and Business Highlights INR 527 Mn Co EBITDA* +133.6% YoY 590 Stores# +71 YoY | +9 QoQ INR 6,829 Mn Revenue from Operations +23.6% YoY 14Restaurant Brands Asia Limited | Q1 FY27 12.6% SSSG INR 131K Average Daily Sales #Store Count as at Jun 30 ,2026; *EBITDA is Pre IND AS-116
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Indonesia Q1 FY27 – Operational and Business Highlights Restaurant Brands Asia Limited | Q1 FY27 15 #Store Count as at Jun 30 ,2026; *EBITDA is Pre IND AS-116; Exchange Rate 1Re = IDR 185 ADS (INR) Revenue Rest. EBITDA* Store Count# Indonesia 97K INR 1,397 Mn INR 33 Mn 162 Popeyes 69K INR 157 Mn (INR 31 Mn) 25 Burger King 102K INR 1,240 Mn INR 64 Mn 137
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Consolidated Q1 FY27 – Operational and Business Highlights Restaurant Brands Asia Limited | Q1 FY27 16 Consolidated 752 INR 8,226 Mn INR 933 Mn INR 435 Mn Store Count# Revenue Rest. EBITDA* Co. EBITDA * Indonesia 162 INR 1,397 Mn INR 33 Mn (INR 91 Mn) India 590 INR 6,829 Mn INR 900 Mn INR 527 Mn #Store Count as at Jun 30 ,2026; *EBITDA is Pre IND AS-116; Exchange Rate 1Re = IDR 185
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Consolidated Q1 FY26 vs Q1 FY27 Restaurant Brands Asia Limited | Q1 FY27 17 Change +69 +17.9% +73.5% +265.7% Q1 FY27 752 INR 8,226 Mn INR 933 Mn INR 435 Mn Q1 FY26 683 INR 6,977 Mn INR 538 Mn INR 119 Mn Store Count# Revenue Rest. EBITDA* Co. EBITDA * #Store Count as at Jun 30 ,2026; *EBITDA is Pre IND AS-116; Exchange Rate 1Re = IDR 185
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519 533 577 581 590 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Restaurant Count 536 592 749 759 900 100 200 300 400 500 600 700 800 900 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Rest. EBITDA* (INR Million) 67.7% 68.3% 69.9% 70.2% 70.8% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Gross Profit% 120 119 117 111 131 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 ADS (INR '000) -3.0% -0.5% 5.1%SSSG% 3.1% 2.6% 5,523 5,687 5,773 5,735 6,829 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Revenue (INR Million) 44% 44%42% 44% 44% 225 284 406 409 527 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Co. EBITDA* (INR Million) Delivery Mix %2.8% 4.5% 6.3%2.6% 12.6% Margin % 10.4% 13.0% 13.2%9.7% 13.2% 5.0% 7.0% 7.1%4.1% 7.7%Margin % *EBITDA is Pre IND AS-116 and excludes impact of new labor code in Q3 FY26 India Business Summary – Q1 FY27 18Restaurant Brands Asia Limited | Q1 FY27
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India Business Summary – Last 5 Years Restaurant Brands Asia Limited | Q1 FY27 19 491 1,191 1,706 2,068 2,636 900 -104.0% -84.0% -64.0% -44.0% -24.0% -4.0% 16.0% - 500 1,000 1,500 2,000 2,500 3,000 FY22 FY23 FY24 FY25 FY26 Q1 FY27 Rest. EBITDA* (INR Million) 65.8% 66.4% 67.0% 67.7% 69.0% 70.8% FY22 FY23 FY24 FY25 FY26 Q1 FY27 Gross Profit % 100 118 117 114 116 131 FY22 FY23 FY24 FY25 FY26 Q1 FY27 ADS (INR '000) 2.9% 1.1% 4.0%SSSG% 23.1% 9,437 14,397 17,601 19,678 22,717 6,829 FY22 FY23 FY24 FY25 FY26 Q1 FY27 Revenue (INR Million) -135 361 753 994 1,324 527 -111.0% -91.0% -71.0% -51.0% -31.0% -11.0% 9.0% FY22 FY23 FY24 FY25 FY26 Q1 FY27 -140 60 260 460 660 860 1,060 1,260 1,460 Co. EBITDA* (INR Million) 315 391 455 513 581 590 FY22 FY23 FY24 FY25 FY26 Q1 FY27 Restaurant Count 46.5% 43% 43% 43%42%53% *EBITDA is Pre IND AS-116 and excludes impact of new labor code in FY26 Margin % 8.3% 9.7% 10.5%5.2% 11.6% 2.5% 4.3% 5.1%-1.4% 5.8% Margin % 12.6% 44% 13.2% 7.7% Delivery Mix%
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-32 -45 -33 -24 -31 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Rest. EBITDA* (INR Million) 106 98 100 97 102 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 ADS (INR '000) 162 146 162 159 157 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Revenue (INR Million) Indonesia Business Summary – Q1 FY27 20Restaurant Brands Asia Limited | Q1 FY27 1,352 1,212 1,223 1,165 1,240 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Revenue (INR Million) 34 -18 -24 51 64 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Rest. EBITDA* (INR Million) -1.9% 5.2%2.5% -1.5% 4.4%Margin % 71 64 71 71 69 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 ADS (INR '000) -20.3% -19.9%-19.9% -30.9% -14.9%Margin % Burger King Popeyes *EBITDA is Pre IND AS-116; Exchange Rate 1Re = IDR 185
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779 748 630 157 FY24 FY25 FY26 Q1 FY27 Revenue (INR Million) 100 98 100 102 FY24 FY25 FY26 Q1 FY27 ADS (INR '000) 5,991 5,209 4,953 1,240 FY24 FY25 FY26 Q1 FY27 Revenue (INR Million) -32 -54 44 64 FY24 FY25 FY26 Q1 FY27 Rest. EBITDA* (INR Million) 0.9%-0.5% -1.0% 5.2%Margin % -53 35 -82 -134 -31 FY23 FY24 FY25 FY26 Q1 FY27 Rest. EBITDA* (INR Million) Indonesia Business Summary – Last 3 Years 21Restaurant Brands Asia Limited | Q1 FY27 Burger King Popeyes *EBITDA is Pre IND AS-116; Exchange Rate 1Re = IDR 185 136 82 69 69 FY24 FY25 FY26 Q1 FY27 ADS (INR '000) -21.3%4.5% -11.0% -19.9%Margin %
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Q1 FY27 Financial Summary
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*excludes MTM loss on financial instruments, unrealized forex loss and loss on PPE write-off 23Restaurant Brands Asia Limited | Q1 FY27 India Operating Performance Particulars (INR Million) Q1 FY26 % Q1 FY27 % % Change Revenue from operations 5,523 100.0% 6,829 100.0% 23.6% Cost of materials consumed 1,784 32.3% 1,992 29.2% 11.7% Gross Profit 3,739 67.7% 4,837 70.8% 29.4% Employee Related Expenses 613 11.1% 723 10.6% 17.9% Occupancy and Other Expenses 2,070 37.5% 2,636 38.6% 27.4% Restaurant EBITDA (Post Ind AS 116) 1,055 19.1% 1,477 21.6% 40.0% Corporate General & Administration expenses* 310 5.6% 373 5.5% 20.4% Reported Company EBITDA* (Post Ind AS 116) 745 13.5% 1,104 16.2% 48.2% Profit After Tax (As Reported) -116 -2.1% -32 -0.5% 72.6% Restaurant EBITDA (Pre Ind AS 116) 536 9.7% 900 13.2% 68.1% Company EBITDA* (Pre Ind AS 116) 225 4.1% 527 7.7% 133.6% Exchange Loss / (Gain) pertaining to Indonesia Investment -26 120
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Indonesia Operating Performance 24 * excludes loss on termination of lease, unrealized forex loss and one-off severance costs (in FY26) Restaurant Brands Asia Limited | Q1 FY27 Particulars (INR Million) Q1 FY26 % Q1 FY27 % % Change Revenue from operations 1,454 100.0% 1,397 100.0% -3.9% Cost of materials consumed 629 43.3% 584 41.8% -7.2% Gross Profit 825 56.7% 813 58.2% -1.4% Employee Related Expenses 246 16.9% 236 16.9% -4.1% Occupancy and Other Expenses 461 31.7% 474 33.9% 2.7% Restaurant EBITDA (Post Ind AS 116) 118 8.1% 104 7.4% -12.2% Corporate General & Administration expenses* 108 7.5% 124 8.9% 14.4% Reported Company EBITDA* (Post Ind AS 116) 10 0.7% -20 -1.5% -309.1% Profit After Tax (As Reported) -312 -21.4% -416 -29.8% -33.3% Restaurant EBITDA (Pre Ind AS 116) 2 0.1% 33 2.3% 1473.5% Company EBITDA* (Pre Ind AS 116) -106 -7.3% -91 -6.5% 14.0% Exchange Rate(INR to IDR) 193 185
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Consolidated Operating Performance (India+Indonesia) 25 • excludes MTM loss on financial instruments, unrealized forex loss, loss on PPE write-off, loss on termination of lease, cross charge and one-off severance costs (Indonesia in FY26) Restaurant Brands Asia Limited | Q1 FY27 Particulars (INR Million) Q1 FY26 % Q1 FY27 % % Change Revenue from operations 6,977 100.0% 8,226 100.0% 17.9% Cost of materials consumed 2,413 34.6% 2,576 31.3% 6.7% Gross Profit 4,564 65.4% 5,650 68.7% 23.8% Employee Related Expenses 859 12.3% 959 11.7% 11.6% Occupancy and Other Expenses 2,532 36.3% 3,110 37.8% 22.9% Restaurant EBITDA (Post Ind AS 116) 1,174 16.8% 1,581 19.2% 34.7% Corporate General & Administration expenses* 419 6.0% 497 6.0% 18.8% Reported Company EBITDA* (Post Ind AS 116) 755 10.8% 1,084 13.2% 43.5% Profit After Tax (As Reported) -454 -6.5% -330 -4.0% 27.4% Restaurant EBITDA (Pre Ind AS 116) 538 7.7% 933 11.3% 73.5% Company EBITDA* (Pre Ind AS 116) 119 1.7% 435 5.3% 265.7%
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Thank You Restaurant Brands Asia Limited CIN: L55204MH2013FLC249986 For further information, please contact: Mr. Gaurav S. Ajjan, CFA Head – Corporate Development and Investor Relations gaurav.ajjan@rbrandsasia.com