Investment Thesis Overview

Increasing Dividends Consistently Dividend typically represents 15-20% of FCF(1) $0.40 $0.34 $0.28 $0.22 $0.46 $0.46 $0.66 $0.60 Dividend GROUPE MTY GROUP payments restored as at July 9 The number of shares increased in Temporarily $0.37 suspended the dividend in response to COVID-19 $0.19 2017 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021E (1) FCF is adjusted EBITDA less taxes and interest. Adjusted EBITDA is a non-GAAP financial measure. Please refer to page 3 of this presentation. 37

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