Icahn Enterprises Activist Presentation Deck

SOCIAL IMPACT: MATERIAL ESG FACTORS • Animal Welfare: Aligning products and services with the wellbeing and physical health of animals. This may include initiates that address antibiotic use, farming practices, sourcing guidelines related fair and ethical treatment of animals and more. • Nutritional Content: Aligning products and services with health recommendations. This may include identifying food options to promote nutritional ingredients and healthy choices, customer communication on health risks and controversies of food items, policies and standards reduce to sodium, fat, and/or sugar content and more. • Fair and Inclusive Selling Practices: Ensuring the fair and honest depiction of the company's products and services. This may include efforts or policies to ensure responsible advertising, initiatives to improve the access and affordability of products and services, customer welfare and communication and more. • Community & Philanthropy: Supporting and establishing positive relations with communities. This may include volunteer incentives or programs, donations, active engagement with local communities and more. • Data Security & Customer Privacy: Establishing an information and cybersecurity system that is secure, resilient, and reliable. This includes managing and mitigating the risks of security breaches, employee IT training, protocols for the collection and retention of information, ensuring customer privacy and clear communication and more. CAWS Social Impact Factors Data Security & Customer Privacy Fair & Inclusive Selling Practices Nutritional Content Food Quality & Safety Animal Welfare Community & Philanthropy ESG Factors and Descriptions TOTAL SASB Factor Weighting¹ and Prioritization TCFD All Restaurants ▬▬▬▬▬▬▬ FAIRR Protein Producer 7.8% 13.7% 21.5% (1) Note: Ratings agency categorizations across these categories vary slightly; illustrate weighting percentage an approximation to allow for comparability ISS Restaurants 1.8% 4.9% 3.0% 2.4% 0.6% 12.7% MSCI Restaurants 4.0% 7.5% 8.0% 19.5% Sustainalytics Restaurants 9.8% 25.1% 34.9% 58

View entire presentation