Restaurant Brands International Inc. · NYSE:QSR
Restaurant Brands International — Merger or Acquisition (November 2021)
12 slides from Restaurant Brands International's merger presentation, Nov 15, 2021
Slide 1: Acquires Firehouse Subs
Acquires Firehouse Subs November 15, 2021 1
Slide 2: Safe Harbor Statement
2 Safe Harbor Statement This presentation contains certain forward-looking statements and information, which reflect management's current beliefs and expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements include statemen
Slide 3: Welcoming Firehouse Subs to the RBI Family
3 Welcoming Firehouse Subs to the RBI Family Since Restaurants 1964 Acquired 2014 >5,100 Markets1 >10 Since Restaurants 1954 Acquired 2010 >18,900 Markets1 >120 Since Restaurants 1972 Acquired 2017 >3,600 Markets1 >30 Since Restaurants 1994 >1,200 Markets1 3 Hamburgers Coffee & Baked Goods Chicken S
Slide 4: Firehouse Subs Overview
Firehouse Subs Overview • Founded in 1994 by brothers and former firefighters Chris and Robin Sorensen • First location in Jacksonville, Florida, grown to ~1,200 locations across 46 states, Canada and Puerto Rico1 • Authentic and differentiated brand focused on providing the highest quality products
Slide 5: Investment Highlights
Investment Highlights Differentiated, purpose-driven brand High-quality menu offering frequently rated #1 in food quality in the QSR sandwich category Experienced leadership team with a demonstrated track record Strong Unit Economics with Compelling Paybacks Proven brand with significant unit growth
Slide 6: Differentiated, Purpose-Driven Brand
Differentiated, Purpose-Driven Brand • Portion of purchase at all US locations goes to Firehouse Subs Public Safety Foundation • $62.5mm granted to public safety organizations through or via the foundation since 2005 • Brand metrics 35% higher than industry average for “Cares about the community” an
Slide 7: #1 Rated Food Quality in QSR Sandwich Category
#1 Rated Food Quality in QSR Sandwich Category Smokehouse Beef & Cheddar Brisket Firehouse Meatball Hook & Ladder • Hot and hearty subs piled high with the highest quality meats and cheeses • Consistent, best-selling items enhanced with innovative limited time offers • Specialty subs balanced with c
Slide 8: Experienced Team with a Demonstrated Track Record
Experienced Team with a Demonstrated Track Record Don Fox Vincent Burchianti Chief Executive Officer, 2009-Present • A restaurant industry veteran with over 40 years of experience in the QSR and Fast Casual segments • In 1980, Don started a 23-year career with Burger King, with assignments in Field
Slide 9: Strong Unit Economics with Compelling Paybacks
Strong Unit Economics with Compelling Paybacks $1.1bn 2021E System-wide Sales 1,200+ 2021E Locations 97% franchised with strong family of small business owners ~3.5 Year Payback1 (1) Based on 2021 Company Restaurants (adjusted for royalties and marketing contribution) and average upfront investment
Slide 10: Proven Brand with Significant Growth Potential
Note: RBI restaurant count includes Tim Hortons, Burger King and Popeyes as of September 30, 2021. Largest sandwich competitor restaurant count as reported by Company under “Explore Our World” as of 11/11/21 Market Market USA 1,142 21,230 10,402 Germany — 653 744 Canada 47 2,940 4,519 UK — 2,211 538
Slide 11: Clear Digital Expansion Opportunities
11 Clear Digital Expansion Opportunities Existing Firehouse Digital RBI Scale & Capabilities • Rapid Rescue mobile order and pay • Firehouse Rewards loyalty program boasts 3.5mm subscribers, adding 50,000 subscribers per month, and represents over 10% of transactions • Existing partnerships with thi
Slide 12: Transaction Overview
Transaction Overview Consideration and Funding Timing Team Considerations Benefits to RBI Shareholders • $1 billion total enterprise value • All-cash transaction funded with mix of cash on hand and debt • Expected to close in the coming months, subject to closing conditions and regulatory approvals
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