Investment Thesis Overview

Deploying Capital Mainly for Acquisitions $6M $63M Not a capital intensive business $359M GROUPE MTY GROUP Acquisition of Kahala (1) $32M $19M $260M Several acquisitions, including Imvescor(1) $36M $144M Several acquisitions, including Papa Murphy's Dividend payments restored as at July 9, NCIB renewed until July 2022 and MTY remains active and is in a strong position for acquisitions should attractive targets become available $47M $7M 2012 2013 2014 2015 2016 2017 2018 ■ Acquisitions Capex ■Dividends (1) Net cash outflow only. 2019 2020 LTM Q2-21 ■Share repurchases 36

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