McDonald's Investor Presentation Deck

Capital Allocation Philosophy Optimize and prioritize returning free cash flow to shareholders Invest in the Business Reinvest in existing units and build new units to drive growth Payout Dividends Im 46 consecutive years of dividend increases Repurchase Shares GROUND AMI F RECORD: SNS DIVISIBLE It's Our Denim Now VEHI Maintain a strong balance sheet while repurchasing shares 28

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