Icahn Enterprises Activist Presentation Deck

CHIPOTLE HAS THE HIGHEST ANIMAL WELFARE STANDARDS AND STRONGEST FINANCIAL PERFORMANCE I 2018 McDonald's (MCD) Selected Peers 5-Year Stock Performance Ï 2019 Chipotle (CMG) 1 2020 2021 Yum! Brands (YUM) CAWS (1) Stock performance data taken from Google Finance market close 4.25.22 mimo 2022 PepsiCo (PEP) Company Chipotle Yum! PepsiCo Starbucks McDonald's 8.85% Restaurant Brands Intl. 1-Yr. Return Unilever 3.07% 4.83% -32.73% 5-Yr. Return -11.47% 219.51% 84.44% 21.19% 53.37% 80.72% 29.84% 4.54% -18.47% -9.64% 51

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