McDonald's Investor Presentation Deck

Capital Expenditures Shift in capital expenditures from reinvestment to new units % Other % New % Reinvestment Total Capital Expenditures 5% 18% 77% 2018 $2.7B 4% 25% 71% 2019 $2.4B 3% 33% 64% 2020 $1.6B 2% 41% 57% 2021 $2.0B 2% 45% 53% 2022 $1.9B 29

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