Slide 1: JACK Investor Presentation: "JACK on Track" Update
JACK Investor Presentation “JACK on Track” Update February 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “goals,” “guidance,” “intend,” “plan,” “project,” “m
Slide 3: "JACK on Track" Plan
“JACK on Track” Plan Objective: Improve Long-term Financial Performance, Strengthen the Balance Sheet & Position the Company for Sustainable Growth CAPITAL STRENGTHEN LONG-TERM ALLOCATION FRANCHISEE OUTLOOK ECONOMICS Accelerate cash flow and pay Return to simplicity for Close underperforming down de
Slide 4: "JACK on Track" Plan Continuing as Expected
“JACK on Track” Plan Continuing as Expected Updates below as of February 18, 2026 Accelerate cash flow by discontinuing dividend, with Discontinued dividend as of Q2 2025 majority of funds reallocated to debt paydown Complete Close on sale of Del Taco, simplifying structure and Closed on Sale of Del
Slide 5: Fiscal 2026 Guidance Reiterated in February
Fiscal 2026 Guidance Reiterated in February Guidance issued November 2025 and reiterated February 2026 RESTAURANT COUNT* SG&A 2050-2100 $125M to $135M SAME-STORE SALES D&A (1%) to +1% $45 to $50M RESTAURANT LEVEL MARGIN FRANCHISE LEVEL MARGIN* 17% to 18% $275M to $290M PRE-OPENING EXPENSES CAPITAL E
Slide 6: Reconciliation from Net Earnings from Continuing Operations to Adjusted EBITDA
Reconciliation from 'Net Earnings from Continuing Operations' to Adjusted EBITDA Trailing 12 Month Adjusted EBITDA1 as of Q1 FY2026 Trailing 12 Month Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Adjusted EBITDA1 Dollars in thousands as of Q1 FY20267 Net earnings from continuing operations $ 30,996 $ 20,6
Slide 7: Securitization Overview
Securitization Overview JACK Leverage Ratio was 6.5x at the end of First Quarter 2026 Next Anticipated Dollars in Total Debt Fixed Rate 1 Repayment Date thousands Series 2019-1 Benefits of Securitization Class A-2-II Notes 4.476% Aug. 2026 $ 156,938 • Fixed Rate Financing Series 2022-1 3.445% Feb. 2