Icahn Enterprises Activist Presentation Deck

ESG FRAMEWORK: POSITIVE CLIMATE IMPACT & ACTIONABLE STRATEGY Our nominees would help the Board explore paths for McDonald's to reduce its environmental footprint ✓ Clearly incorporate product transition away beef and other GHG intensive foods in climate action approach and business strategy, including product innovation, customer education and more ✓ Strengthen incorporation of risk from animal farming and feed production, insufficient yield trends, increased chances of synchronized collapse, and other anticipated impacts along the value chain ✓ Verify scope 1, 2 and 3 emissions through third-party assurance (including materiality of scope 3 categories included) ✓ Quantify risk exposure from climate scenarios, including a 1.5-degree warming scenario, along the value chain including direct and indirect agriculture commodities ✓ Disclose year-over-year results in a centralized place/report to demonstrate commitment and clear progress on science-based targets CAWS 64

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