Investment Thesis Overview slide image

Investment Thesis Overview

Optimizing Financing Structure 600 500 400 300 200 Maintaining a solid balance sheet Acquisition of Kahala 0.5x 100 0.5x 0.3x 0.2x 3.3x 1.8x 3.3x GROUPE MTY GROUP 3.0x 2.5x $384M 1.9x 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 2017 2018 2019 2020 LTM Q2-21 Total Debt Net Debt / LTM Adj. EBITDA (2) (1) On a total debt basis. (2) This is a non-GAAP financial measure. Please refer to page 3 of this presentation. * 2018 & 2019 figures have been restated to reflect the adoption of IFRS 15. 38
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