Second Quarter 2017 Conference Call

Q2 2017 vs. Q2 2016 Adjusted EPS $0.10 Q2 2016 Adj. EPS $0.03 Adj. EBITDA Returning Cash to Shareholders $0.01 Share Repurchases ● $0.01 ● Tax Rate (Unaudited) $0.15 Q2 2017 Adj. EPS THE WENDY'S COMPANY | 17 Repurchased 2.3 million shares for $34.6 million in Q2 ● • $98 million remained against the $150 million share repurchase authorization at the end of Q2 8/9/2017 Q2 ending cash balance of $205 million THE WENDY'S COMPANY | 18 9

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