2016 - ANOTHER STRONG YEAR

WING STOP SHAREHOLDER FRIENDLY MODEL EBITDA Growth and Cash Generation Support Return of Capital and Deleveraging % LTM Q1 2017 Cash Conversion (1) Net Debt/ LTM Adjusted EBITDA (3) $38M Dividend $48M Dividend 96.9 96.9 94.1 5.2x 5.1x $83M Dividend 5.0x 88.2 87.7 dineEquity (2) dunkin' brands.. Source: Public company filings Notes: 1. 2. WING STOP (2) Defined as (EBITDA - CapEx) / EBITDA Calculations use Adj. EBITDA Domino's 3.4x G 2.4x 3.9x POPEYES (4) Q4 2013 Q4 2014 Q1 2015 Post Recap. Q2 2016 Q2 2016 Pro-Forma Q1 2017 Notes: 3. 4. Leverage = Net Debt / LTM Adjusted EBITDA (Refer to appendix for reconciliation) Primary proceeds were used to pay a $2.90 per share special cash dividend. Refer to appendix for Pro-Forma reconciliation. 7

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