Investment Thesis Overview

Strong Brands Make Up a Large Part of Portfolio 23% Other Brands MTY ranks 3rd among Canada's Top 100 foodservice operators (1) Top 10 brands represent 76% of System Sales (2) Frozen treats & smoothies represent 32% of locations $3.4B LTM Q2-2021 76% Top 10 Brands Breakfast 2% Italian 3% 1% Mediterranean Mexican 7% Sandwiches & Salads 8% 10% 6,907 Coffee 13% Asian & Indian Q2-2021 GROUPE MTY GROUP 32% Frozen treats & smoothies 24% American BAJA FRESH PAPA MURPHY'S shop sweetFrog premium frozen yourt YUZU sushi ши тасо TacoTime STONE COLD ST MR.SUB lacho burrito Thai express (1) Source: Foodservice and Hospitality, The Annual Top 100 Report, June 2019 (2) This is a non-GAAP measure. Please refer to page 3 of this presentation. COLD STONE LA CREMIERE wwwwwwww tcby frozen JUGO JUICE Opinkberry sweetFrog Premium frozen yogurt Frullati Cafe Nr Gize BAKERY Diperie tasti D-lite Lifestyle Cafe ROCKY MOUNTAIN (HOCOLATE FACTORY Planet Smoothie MALWOW COFFEES & SMOOTHIES 16

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