McDonald's Investor Presentation Deck

Cash Returned to Shareholders McDonald's has consistently returned cash to shareholders via dividends and share repurchases over time $8.5B Dividends $3.3B Share Repurchases $5.2B Free Cash Flow Conversion** 2018 71% $8.6B $3.6B $5.0B 2019 95% $4.7B $3.8B $0.9B 2020* 98% * Paused share repurchases March 2020-September 2021 ** Free cash flow conversion is a non-GAAP financial measure; see "Important Disclaimers" $4.8B $3.9B $0.9B 2021* 94% $8.1B $4.2B $3.9B 2022 89% 31

View entire presentation