Investment Thesis Overview

Growing by Acquisitions MTY has realized over 50 acquisitions since 1999 GROUPE MTY GROUP 1999-2005 • Fontaine Santé/Veggirama • La Crémière • Croissant Plus • Cultures ⚫ Thai Express • Mrs. Vanelli's • TCBY-Canadian master franchise right 2006-2010 • Yogen Fruz-Canadian master franchise right • Sushi Shop • Koya Japan • Sushi Shop - existing franchise locations • Tutti Frutti • Taco Time - Canadian • master franchise rights Country Style Food Services Holdings Inc. Groupe Valentine inc. 2011-2015 ⚫ Jugo Juice • Mr. Submarine • Koryo Korean BBQ • Mr. Souvlaki ⚫ SushiGo • Extreme Pita . PurBlendz • Mucho Burrito • ThaiZone • Madisons • Café Dépôt • Muffin Plus • Sushi-Man . Fabrika • Van Houtte Café Bistros - perpetual franchising license • Manchu Wok • Wasabi Grill & Noodle • Sense Asian Big Smoke Burger 2016 2017 • Steak Frites St-Paul Kahala Brands Ltd • Cold Stone Creamery, Blimpie, Taco Time, Surf City Squeeze, The Great Steak & Potato Company, NrGize Lifestyle Café, Samurai Sam's Teriyaki Grill, Frullati Café & Bakery, Rollerz, Johnnie's New York Pizzeria, Ranch One, America's Taco Shop, Cereality, Tasti D-Lite, Planet Smoothie, Maui Wowi and Pinkberry BF Acquisition Holdings, LLC ⋅ Baja Fresh Mexican Grill • La Salsa Fresh Mexican Grill • La Diperie Giorgio Ristorante • The Works Gourmet Burger Bistro • Houston Avenue Bar & Grill • Industria Pizzeria & Bar Dagwoods Sandwiches • and Salads • The Counter Custom Burgers Built Custom Burgers 2018 Imvescor Restaurant Group Baton Rouge, Pizza Delight, Scores, Toujours Mikes and Ben & Florentine Grabbagreen Timothy's World Coffee • Mmmuffins 2019 Papa Murphy's • Casa Grecque ⚫South Street Burger • Yuzu Sushi Allô! Mon Coco 2020 • Turtle Jack's Muskoka Grill • COOP Wicked Chicken Frat's Cucina 14

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