Achieving Long-Term Growth Targets

HISTORICAL ADJUSTED EBITDA RECONCILIATION In $000s Notes: 1234 Year Ended Dec. 26, 2015 Year Ended Dec. 31, 2016 Year Ended Dec. 30, 2017 Net income 10,106 15,434 27,304 15,868 39 Weeks Ended Sep. 30, 2017 39 Weeks Ended Sep. 29, 2018 19,300 Interest expense, net 3,477 4,396 5,131 3,908 6,623 Income tax expense 5,739 9,119 3,845 5,631 3,925 Depreciation and amortization 2,682 3,008 3,376 2,407 3,163 EBITDA 22,004 31,957 39,656 27,814 33,011 Adjustments Management agreement termination 3,297 fee Management fees 2 237 Transaction costs 2,186 2,388 1,462 Stock-based compensation expense i 1,155 1,231 1,851 894 2,012 Adjusted EBITDA 28,879 35,576 41,507 28,708 36,485 One-time fee of approx. $3.3 million paid in consideration of termination of management agreement with Roark Capital Management, LLC. Includes management fees and other out-of-pocket expenses paid to Roark Capital Management, LLC. Represents costs and expenses related to refinancing of our debt facility and our public offerings. Includes non-cash, stock-based compensation. WINGSTOP 26 Appendix

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