Investment Thesis Overview

Q2-21 Cash Flow from Operations & Use of Cash GROUPE MTY GROUP Despite the duration of the pandemic, MTY generated cash flow from operating activities of $29.5M Cash Flow from Operations $29.5M $19.2M Q2-20 Q2-21 Dividend payments restored as at July 9, NCIB renewed until July 2022 and MTY remains active and is in a strong position for acquisitions should attractive targets become available Use of Cash $10.1M $2.4M Q2-20 Q2-21 ■Capex ■ Dividends ■Share repurchases ■ Acquisitions 44

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