The One Group Hospitality, Inc. · NASDAQ:STKS
The One Group Hospitality — Investor Presentation (March 2026)
22 slides from The One Group Hospitality's investor presentation, Mar 18, 2026
Slide 1: Investor Presentation
Investor Presentation March 2026 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, including with respect to portfolio optimization, restaurant openings and 2026 financial target
Slide 3: Leader in VIBE Dining
Leader in VIBE Dining VIBE DINING Unforgettable, Energetic, Fun and Feels Different Entertaining Created Got to do it again by the Flawless Experiential Execution of the Entertaining Seven Fundamentals! 3
Slide 4: The Core Vision and Mission
The Core Vision: The Undisputed Global Leader In VIBE Dining. Creating Great Guest Memories by Operating the BEST Restaurant In Every Market That We Operate in by Mission: Delivering Exceptional and Unforgettable Guest Experiences to Every Guest, Every Time. STRATEGY PILLARS Operations Marketing Cul
Slide 5: Business Overview: A Portfolio of Iconic Brands
Business Overview A Portfolio of Iconic Brands Experiential and Entertaining VIBE DINING Restaurants Largest, most recognizable Artfully blends the modern Bar-centric grill concept and only national Turn-key food and steakhouse and a chic featuring American Creative sushi and teppanyaki brand with b
Slide 6: Proven & Scalable International Platform with Compelling Whitespace
Proven & Scalable International Platform with Compelling Whitespace 158 Total Venues Across 31 States and 11 Countries United Kingdom Italy Canada Panama El Salvador Brazil Aruba Puerto Rico UAE Qatar Mexico (1) STK (31) Kona Grill (20) F&B Venues (5) Benihana (86) RA Sushi (10) Salt Water Social (1
Slide 7: Current Business Headlines
Current Business Headlines • Achieved positive same store sales at STK in Q4 2025 (+0.3%) • Improved sequential same store sales for all brands • Completed first conversion of a RA Sushi to an STK in Scottsdale, Arizona with encouraging results • Made significant progress on improving Grill restaura
Slide 8: Current Financial Headlines
Current Financial Headlines Summary of Results US $ millions 2025 Proforma Proforma 2025 (unaudited) 2024 (362 days) (2 days) (364 days) Total Revenues $805.7 $8.5 $814.2 $673.3 Adjusted EBITDA 88.9 3.6 92.5 76.4 +21% Summary of Results – Operating Income US $ millions 2025 (unaudited) 2024 (362 day
Slide 9: Current Priorities
Current Priorities • Accelerating same store sales through operational excellence, innovation, and targeted marketing • Table efficiency • Seasonal menus • Loyalty • Develop and retain the best team • Pursuing capital-efficient growth with disciplined expansion • Franchising Benihana – secured devel
Slide 10: 2026 Development
2026 Development Asset Light Conversions New Store Openings Franchise & Managed & Other 5 6-10 new venues 3 From: • 3 Kona Grills STK Grills Benihana Benihana • 2 RA Sushis To: • Phoenix • Highlands Ranch • La Brea • Franchise & Express – • 4 Benihana • La Brea Rooftop • San Jose JV Florida Keys • 1
Slide 11: Early on our Growth Trajectory
Early on our Growth Trajectory Long-term Potential Unit Growth 400 ~20% of Total Addressable Market White Space 314 200 White Space 169 Actual 86 Actual 31 STK Benihana 11
Slide 12: Strong New Store Economic Models
Strong New Store Economic Models Average costs when we are first tenant on property. As second tenant, investment may be up to $2 million less. STK – Projected New Unit Economics Benihana – Projected New Unit Economics US $ millions US $ millions Revenue $8.0 Revenue $6.5 EBITDA $1.9 EBITDA $1.4 Cas
Slide 13: Benihana Look and Feel 2026 and Beyond
Benihana Look and Feel 2026 and Beyond 13
Slide 14: San Mateo – New Prototype – Opened in 2025
San Mateo – New Prototype – Opened in 2025 14
Slide 15: San Jose – Refined Prototype – Coming in 2026
San Jose – Refined Prototype – Coming in 2026 15
Slide 16: Returning Focus to Asset Light Development
Returning Focus to Asset Light Development STK Managed & Licensed Benihana Franchise & Licensed All Brands Non-traditional Opportunity for 200 STKs globally, Owns Benihana trademarks and Benihana now in 4 sporting venues across large and mid-sized markets franchise development rights in the U.
Slide 17: Key Initiative: Leverage Loyalty Program to Drive Guest Frequency
2025 - 2026 Key Initiative: Leverage Loyalty Program to Drive Guest Frequency Cultivate sustained loyalty success by growing a best-in-class program that fuels sustained business growth. OBJECTIVES • Maximize size of membership in program by converting members of other TOG marketing programs • 8.8mm
Slide 18: Key Initiative: Improve All Brand Websites to Drive Incremental Traffic
2025-2026 Key Initiative: Improve All Brand Websites to Drive Incremental Traffic NEW NEW NEW NEW PREVIOUS PREVIOUS PREVIOUS PREVIOUS 18
Slide 19: Path to Five Billion in System-Wide Revenues: Long-Term Growth Targets
Long-Term Growth Targets • 3-5 annual STK unit growth • 3-5 annual Benihana unit growth • 1-3 new F&B Hospitality managed deal • Opportunistic Grill development Path to Five • Same store sales growth of 3% - 5% Billion • Focus on capital light development in System- • Disciplined G&A management Wide
Slide 20: The ONE Group Highlights
The ONE Group Highlights Well Positioned for Fast Growing Restaurant Significant Growth in a Company Transforming Restaurant Sector Acquisitions can Further Strong Management Team Enhance our Brand Portfolio and Infrastructure to Support and Unit Pipeline Growth Strong Economics Drives Flexibility S
Slide 21: Strong Same Store Sales Track Record
Strong Same Store Sales Track Record Portfolio’s strong, iconic brands and vibrant guest dining experiences have enabled industry leading performance post Covid. Long Term SSS 28.3% (58% of SSS) Growth 17.9% (2025 vs 2017) 4.6% 4.1% 5.7% +72% 3.4% STK Benihana +69% -2.2% -0.8% 2017 2018 2019 COVID 2
Slide 22: Reconciliations of Non-GAAP Measures
Reconciliations of Non-GAAP Measures The following table presents an unaudited reconciliation of net income to EBITDA and Adjusted EBITDA for the periods indicated: For the year ended December 28, For the year ended December 31, US $ thousands 2025 (unaudited) 2024 Net loss attributable to The ONE G
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