Wendy's Company (the) · NASDAQ:WEN

Wendy's Company (the) — The Wendy's Company — Q1 2024 Earnings Presentation

21 slides from Wendy's Company (the)'s earnings presentation, May 2, 2024

  1. Slide 1: First Quarter 2024 Conference Call

    First Quarter 2024 Conference Call May 2, 2024 © Quality Is Our Recipe, LLC

  2. Slide 2: Kelsey Freed, Director – Investor Relations

    Kelsey Freed Director – Investor Relations © Quality Is Our Recipe, LLC

  3. Slide 3: Forward-Looking Statements and Non-GAAP Financial Measures

    Forward-Looking Statements and Non-GAAP Financial Measures This presentation, and certain information that management may discuss in connection with this presentation, contains certain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act

  4. Slide 4: Agenda

    Agenda Business Update Franchise Health Update Q1 Financial Results 2024 Financial Outlook IR Calendar Q&A THE WENDY'S COMPANY | 4

  5. Slide 5: Kirk Tanner, President & Chief Executive Officer

    Kirk Tanner President & Chief Executive Officer © Quality Is Our Recipe, LLC

  6. Slide 6: Q1 2024 Performance Highlights

    Q1 2024 Performance Highlights Global SRS Accelerated 120 Basis Points on a 2-Year Basis vs. Q4 Maintained QSR Burger Category Dollar & Traffic Share in the U.S.1 High-Single Digit Growth Year-Over-Year in U.S. Breakfast Sales Global Digital Sales Grew >30% Year-Over-Year, Accelerating Mix to ~17% Y

  7. Slide 7: Delivering Accelerated Global Growth

    DIGITAL ACCELERATION SRS FOOTPRINT MOMENTUM EXPANSION Delivering Accelerated GLOBAL GROWTH Restaurant Good Economic Model Done Right THE WENDY'S COMPANY | 7

  8. Slide 8: Gunther Plosch, Chief Financial Officer

    Gunther Plosch Chief Financial Officer © Quality Is Our Recipe, LLC

  9. Slide 9: First Quarter Financial Results

    First Quarter Financial Results $ Mils (except per share amounts) 2023 2024 B/(W) Global Systemwide Sales Growth 10.0% 2.6% 2-Yr 12.6% Global System SRS 8.0% 0.9% 2-Yr 8.9% US Company Restaurant Margin 14.7% 15.3% 0.6% UPDATE G&A $62.3 $63.8 (2.4)% Adjusted EBITDA1 $125.6 $127.8 1.8% Adjusted EPS1 $

  10. Slide 10: Reaffirming 2024 Financial Outlook

    Reaffirming 2024 Financial Outlook Global Systemwide Sales Growth 5% to 6% Adjusted EBITDA $535M to $545M Free Cash Flow $280M to $290M Adjusted EPS $0.98 to $1.02 Capital Expenditures $90M to $100M THE WENDY'S COMPANY | 10

  11. Slide 11: Capital Allocation Policy Remains Unchanged

    Capital Allocation Policy Remains Unchanged 1 Continue to Invest in the Business for Growth 2 Sustain an Attractive Dividend Quarterly dividend rate held at $0.25 per share Expect $1 per share dividend for FY 20241 3 Utilize Excess Cash to Repurchase Shares and/or Reduce Debt $500M Share Repurchase

  12. Slide 12: Significant Year-Over-Year US & Canadian Franchisee Restaurant Sales & EBITDA Growth

    Significant Year-Over-Year US & Canadian Franchisee Restaurant Sales & EBITDA Growth 2023 Franchise Economics Net Sales Restaurant EBITDA Growth Growth vs. 2022 vs. 2022 US +4% US +9% Canada +6% Canada +25% THE WENDY'S COMPANY | 12

  13. Slide 13: Kelsey Freed, Director – Investor Relations

    Kelsey Freed Director – Investor Relations © Quality Is Our Recipe, LLC

  14. Slide 14: Investor Relations Calendar

    Investor Relations Calendar June 11: Conference with Oppenheimer (Virtual) June 12: Evercore Conference (Virtual) June 18: Guggenheim Investor Call August 1: Q2 2024 Earnings Release & Conference Call THE WENDY'S COMPANY | 14

  15. Slide 15: Q&A

    Q&A

  16. Slide 16: Appendix

    Appendix

  17. Slide 17: Reconciliation of Non-GAAP Financial Measures

    Reconciliation of Non-GAAP Financial Measures In addition to the GAAP financial measures included in this presentation, the Company has presented certain non-GAAP financial measures (i.e., adjusted revenues, adjusted EBITDA, adjusted earnings per share, free cash flow, and systemwide sales). These n

  18. Slide 18: Reconciliations of Net Income to Adjusted EBITDA and Revenue to Adjusted Revenues

    Reconciliations of Net Income to Adjusted EBITDA and Revenue to Adjusted Revenues THE WENDY'S COMPANY | 18

  19. Slide 19: Reconciliation of Net Income and Diluted EPS to Adjusted Income and Adjusted EPS

    Reconciliation of Net Income and Diluted Earnings Per Share to Adjusted Income and Adjusted Earnings Per Share THE WENDY'S COMPANY | 19

  20. Slide 20: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow

    Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow THE WENDY'S COMPANY | 20

  21. Slide 21: The Wendy's Company

    The Wendy’s Company

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