McDonald's Investor Presentation Deck

Adjusted Operating Margin* Franchise margin represented nearly 90% of margin dollars in 2022, leading to operating margin leverage and continued business model stability Total Restaurant Margin $s * $15B $10B $5B $OB $10.7B 16% 84% 2018 % Company-Operated Margins $13.1B 11% 89% 2022 % Franchised Margins *Adjusted operating margin is a non-GAAP financial measure; see "Important Disclaimers." 50% 40% 30% Adjusted Operating Margin %* 43.1% 2018 44.8% 2022 27

View entire presentation