Icahn Enterprises Activist Presentation Deck

BENCHMARKING PEER OVERVIEW Ticker Market Cap¹ SASB Industry MCD Proxy Peer ESG Publication Annual report Proxy MSCI Rating Sustainalytics BBFAW Tier HSUS Scorecard M MCD 185.027B Restaurants n/a Purpose, Impact, and Progress Summary 2020-2021 24.6 (Medium Risk) 4 -8.57 Unilever HELLMANN'S M MAGNUM BEN&JERRY'S UL Knorr 116.204B Household & Personal Products² Sustainability Reporting Centre (Report Archive) AA 21.5 (Medium Risk) 2 2021 Annual Report 2021 Annual Report 2021 Annual Report 2021 Proxy Statement BBB 2022 Proxy Statement AA PEPSICO Tropicana. 75.24 Lay's QUAKER 25 MT PEP 238.126B Non-Alcoholic Beverages² ESG Topics A-Z 16.0 (Low Risk) n/a n/a TACO BELL Yum! KFC Pizza Hut Häbit BURGER GRILL YUM 35.276B Restaurants 2020 Global Citizenship & Sustainability Report 2021 Annual Report 2022 Proxy Statement BBB 21.1 (Medium Risk) 3 37.62 (Taco Bell) SBUX TM 89.631B Restaurants 2020 Global Environmental and Social Impact Report 2021 Annual Report 2022 Proxy Statement BBB 24.8 (Medium Risk) 5 -14.29 CAWS (1) Source: Yahoo! Finance as of April 24, 2022 (2) Note: Peers in adjacent industries were selected to inform industry norms and best practices for companies with similar ESG risks and opportunities rbi BURGER KING restaurant brands international Popeyes Tim Hortons FIREHOUSE SUBS QSR 26.596B Restaurants Sustainability Webpage 2021 Annual Report 2022 Proxy Statement BB 4 CHIPOTLE 13.81 (Burger King) CMG 41.493B Restaurants 2021 Sustainability Report 24.1 (Medium Risk) 23.9 (Medium Risk) 2021 Annual Report 2022 Proxy Statement BBB 3 92.5 55

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