Strategy & Future Growth

Non-GAAP Measures GROUPE MTY GROUP Unless otherwise indicated, the financial information presented below, including tabular amounts, is expressed in Canadian dollars and prepared in accordance with International Financial Reporting Standards ("IFRS”). MTY uses non-GAAP measures, non-GAAP ratios and supplementary financial measures as described below. The Company believes that non-GAAP measures, non-GAAP ratios and supplemental financial measures are useful because they are consistent with the indicators management uses internally to measure the Company's performance, to prepare operating budgets and to determine components of executive compensation. These measures are widely accepted financial indicators but are not a measurement determined in accordance with GAAP and may not be comparable to those presented by other companies. These indicators are intended to provide additional information about the performance of MTY, and should not be considered in isolation or as a substitute for measure of performance prepared in accordance with GAAP. Management believe that certain investors and analysts use some of these indicators to measure a company's ability to meet payment obligations or as a common measurement to value companies in the industry. This presentation should be read in conjunction with the Company's financial statements and the notes thereto and the Management Discussion and Analysis (MD&A). NON-GAAP MEASURES Adjusted EBITDA - net income (loss), excluding income tax, all other income (expenses), interest, depreciation and amortization, and net impairment charges) Free cash flows - sum total cash flows from operating activities less capital expenditures net of disposals NON-GAAP RATIOS Free cash flows per diluted share - free cash flows divided by diluted shares SUPPLEMENTARY FINANCIAL MEASURES System sales sales of all existing restaurants including those that have closed or have opened during the period, as well as the sales of new concepts acquired from the closing date of the transaction and forward Digital sales (sales made by customers through online ordering platforms 3

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