Slide 1: Aramark Business Review
Aramark Business Review AUGUST 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements Special Note About Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations as to future events based on certain assumpti
Slide 3: Highlights
Highlights 1 Strong Q3 Results 2 Significant Progress on Uniform Services Spin-Off 3 Raised Fiscal 2023 Outlook 3
Slide 4: Hitting Key Strategic Milestones
Hitting Key Strategic Milestones - Results reflect ongoing focus on growth across organization - Led by performance-driven culture now in place - Strength from net new business, pricing actions, and base business - Year-over-year AOI growth drives profitability trajectory - Operating progress more v
Slide 5: Driving Revenue Growth Across All Segments
Driving Revenue Growth Across All Segments +14% Organic Growth Driven by net new business, pricing actions, and base business growth with contribution from each reportable segment Global FSS: +16% Organic Growth Uniform Services: +5% Organic Growth $2,891 $3 $2,846 ($47) +15% +20% +5% Organic Growth
Slide 6: Adjusted Operating Income Growth and Margin Expansion
Adjusted Operating Income Growth and Margin Expansion Aramark AOI Margin $300 5.1% +75bps5.50% $250 5.00% 4.4% $200 4.50% $150 +34% $240.3 4.00% $100 $179.9 3.50% $50 3.00% $0 2.50% Q3 '22 Q3 '23 Performance driven by operating leverage from increased revenue, improved supply chain economics, and di
Slide 7: Quarterly Cadence of Free Cash Flow
Quarterly Cadence of Free Cash Flow Free Cash Flow (in millions) Q3 Results Q1 Q2 Q3 Q4 FY • $16 million year-over-year improvement $229 FY23 • Driven by higher net income results and favorable ($80) working capital ($706) $717 • CapEx slightly higher, while still below historical levels • Consisten
Slide 8: Fiscal 2023 Outlook
Fiscal 2023 Outlook Aramark raised its full-year performance expectations for fiscal 2023 as follows: Organic Revenue growth ~15% (from >13%), comprised of… Global FSS ~17% (from ~15%) Uniform Services ~5.5% Adjusted Operating Income growth ~33% (from ~32%), comprised of… Global FSS ~46% (from ~45%)
Slide 9: Quarterly Cadence of AOI Margin
Quarterly Cadence of AOI Margin AOI Margin 8.7% Strengthening AOI Margin Trajectory 8.1% • Ongoing supply chain normalization and optimization, and expected benefits from early trends related to the moderation of inflation 6.9% • Profit improvement through pricing actions, most notably in the fourth
Slide 10: Significant Progress on Uniform Services Spin-Off
Significant Progress on Uniform Services Spin-Off Creating two industry-leading, distinctly focused independent companies - Ongoing execution related to operational, regulatory, and financial logistics - Strategic plan established and underway - Key leadership and Board of Directors in place - Final
Slide 11: Uniform Services Board of Directors Upon Spin-Off
Uniform Services Board of Directors Upon Spin-Off Chairman Vice Chairman Phillip Holloman Doug Pertz Kim Scott Richard Burke Former President & COO, Former CEO & Chairman, President & CEO, Former Chairman & CEO, Cintas The Brinks Company Aramark Uniform Services Advanced Disposal Services Tracy Joki
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Slide 13: Appendix
APPENDIX aramark 3 WW Reach For Remarkable SERVICE. INNOVATION. GROWTH 13
Slide 14: Revenue by Segment
Revenue by Segment Q1 '23 Q2 '23 Q3 '23 YTD Q3 '23 Three Months Ended Change Three Months Ended Change Three Months Ended Change Nine Months Ended Change 12/30/22 12/31/21 % 3/31/23 4/1/22 % 6/30/23 7/1/22 % 6/30/23 7/1/22 % Revenue (as reported) FSS United States: Business & Industry $ 331.5 $ 230.
Slide 15: CapEx and Client Payments
CapEx and Client Payments ($ in thousands) Three Months Ended Three Months Ended Three Months Ended Nine Months Ended 12/30/22 12/31/21 3/31/23 4/1/22 6/30/23 7/1/22 6/30/23 7/1/22 Purchases of property and equipment and other $ 102,559 $ 73,722 $ 100,352 $ 99,313 $ 108,315 $ 87,102 $ 311,226 $ 260,
Slide 16: Selected Operational and Financial Metrics
Selected Operational and Financial Metrics Adjusted Revenue (Organic) Adjusted Revenue (Organic) represents revenue growth, adjusted to eliminate the effect of certain material acquisitions and the impact of currency translation. Adjusted Operating Income Adjusted Operating Income represents operati
Slide 17: Non-GAAP Schedules
Non-GAAP Schedules e h For Remarkable aramark 3” » neat ERVICE. INNOVATION. GROWTH 17
Slide 18: Adjusted Operating Income Margin – Aramark
Adjusted Operating Income Margin – Aramark Three Months Ended March 31, 2023 June 30, 2023 Aramark and Aramark and Subsidiaries Subsidiaries Revenue (as reported) $ 4,602,085 $ 4,749,209 Operating Income (as reported) $ 181,983 $ 203,382 Operating Income Margin (as reported) 3.95% 4.28% Revenue (as
Slide 19: Adjusted Operating Income Margin – Global FSS
Adjusted Operating Income Margin – Global FSS Three Months Ended Three Months Ended March 31, 2023 June 30, 2023 FSS United States FSS International Corporate Global FSS FSS United States FSS International Corporate Global FSS Revenue (as reported) $ 2,843,149 $ 1,073,007 $ 3,916,156 $ 2,890,639 $ 1
Slide 20: Adjusted Operating Income Margin – Uniform Services
Adjusted Operating Income Margin – Uniform Services Three Months Ended March 31, 2023 June 30, 2023 Uniform Uniform Revenue (as reported) $ 685,929 $ 696,159 Operating Income (as reported) $ 55,813 $ 66,822 Operating Income Margin (as reported) 8.14% 9.60% Revenue (as reported) $ 685,929 $ 696,159 E
Slide 21: Quarterly Adjusted Operating Income Margin Trend
Quarterly Adjusted Operating Income Margin Trend RECONCILIATION OF NON-GAAP MEASURES ADJUSTED OPERATING INCOME MARGIN (Unaudited) (In thousands) Three Months Ended Three Months Ended Six Months Ended Three Months Ended Nine Months Ended Three Months Ended Fiscal Year Ended December 30, 2022 March 31
Slide 22: Quarterly Adjusted Operating Income Margin Trend
Quarterly Adjusted Operating Income Margin Trend ARAMARK AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES ADJUSTED OPERATING INCOME MARGIN (Unaudited) (In thousands) Three Months Ended Three Months Ended Three Months Ended Three Months Ended Three Months Ended Three Months Ended June 29, 2018 Se
Slide 23: Adjusted Net Income & Adjusted Earnings Per Share
Adjusted Net Income & Adjusted Earnings Per Share 23
Slide 24: Free Cash Flow
Free Cash Flow ARAMARK AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES FREE CASH FLOW (Unaudited) (In thousands) Three Months Ended Three Months Ended Six Months Ended Three Months Ended Nine Months Ended Three Months Ended Fiscal Year Ended December 30, 2022 March 31, 2023 March 31, 2023 June
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