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Investor Presentaiton

Denny's DENNY'S INVESTMENT HIGHLIGHTS • Consistently growing same-store sales through brand revitalization strategies to enhance food, service, and atmosphere ● Expanding global footprint with traditional and non-traditional distribution points Growing profitability with 90% franchised business provides lower risk profile with upside from operating meaningful base of high volume restaurants Strong Free Cash Flow* generation supported by solid balance sheet with significant flexibility to support brand investments • Consistently returning excess capital to shareholders through share repurchase program * See Appendix for non-GAAP financial reconciliations of Net Income to Adjusted EBITDA, Adjusted Income Before Taxes, Adjusted Net Income, Adjusted Net Income per Share (also called Adjusted Earnings per Share), and Free Cash Flow. 27
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