Page 1

rbi Restaurant Brands International Inc. Reports Third Quarter 2021 Results restaurant brands international Global system - wide sales grew 11 % year - over - year and accelerated sequentially to + 5 % compared to 2019 Burger King international system - wide sales grew 25 % year - over - year and + 10 % compared to 2019 Year - to - date unit growth and pipeline keep RBI on track to return to pre - pandemic levels in 2021 and accelerate in 2022 Returned over $ 425 million of capital to shareholders through dividends and share buybacks Announced commitment to reduce greenhouse gas emissions 50 % by 2030 and reach net zero emissions by 2050 or sooner Toronto , Oct. 25 , 2021 - Restaurant Brands International Inc. ( TSX : QSR ) ( NYSE : QSR ) ( TSX : QSP ) today reported financial results for the third quarter ended September 30 , 2021 . José Cil , Chief Executive Officer of Restaurant Brands International Inc. ( " RBI " ) commented , " Our results this quarter reflect the value of having a diversified business model across three brands and in over 100 countries . Overall , we saw a continued acceleration in system - wide - sales growth relative to 2019 , reflecting improvements in the Tim Hortons Canada business as well as strength across each of our brand's international businesses . Our strong restaurant growth this year and exciting development pipeline keep us on track to return to pre - pandemic unit growth levels this year and well positioned to accelerate in 2022 as we continue on our path to 40,000 restaurants around the world . This quarter , we also took important steps to focus our attention on the most significant opportunities at Burger King U.S. to drive long - term , sustainable growth in the business . " Cil continued , " Our highly efficient business model once again generated strong free cash flow , enabling us to continue investing in our business while also enhancing shareholder returns through both our dividend and recently expanded $ 1 billion share repurchase program . During the quarter , we returned over $ 425 million of capital to shareholders , including repurchasing just over $ 180 million of common stock , reflecting the confidence we have in our long - term outlook and the intrinsic value of our scalable business . " Cil concluded , " Our big goal is to drive business growth without carbon growth . I'm so proud of the team's work to set ambitious goals to reduce our carbon footprint in the world . We have exciting and important sustainability projects underway across the company , in green building standards , packaging , recycling , growing our charitable Foundations and doing the hard work with our suppliers and franchisees to improve the environmental footprint we have in the world . " 1