Investment Thesis Overview

COVID-19 Update - As at July 9, 2021 GROUPE MTY GROUP There continues to be significant uncertainty in the market related to COVID-19 • . • Q2-21 Facts MTY's network lost a total of 38,300 days of combined operations in Q2-21 with a total of 977 locations temporarily closing 359 locations still closed at the end of Q2-21 and 258 locations remain closed as at July 9. Recurring controllable expenses increased by more than $3M in Q2-20 Measures in place since Q2-20 • Series of measures in an attempt to help . • franchisees and ensure the safety and well being of employees, guests and partners Amended its existing credit facility with more flexible financial covenants in Q2-20 and Q2-21 Implemented temporary cost and cash spending reduction measures Over the last twelve months, focused capital allocation on paying down debt and preparing MTY for the moment the pandemic dissipates Outlook • The majority of the brands in MTY's portfolio will continue to be impacted negatively for the coming months • • • MTY expects that the number of affected locations will continue to fluctuate in response to the rapidly- changing environment, with a corresponding effect on customer traffic volumes and revenue at these locations Over the next few quarters, the primary focus is to re- open restaurants and provide customers with a safe and friendly environment and optimize the profitability of the restaurants despite the limits and restrictions MTY restored its dividend payment and renewed its NCIB until July 2022. With regards to potential acquisitions, MTY remains active and is in a strong position to take advantage of opportunities if attractive targets become available. 20 20

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