Wendy's Company (the) · NASDAQ:WEN

Wendy's Company (the) — The Wendy's Company — Q1 2022 Earnings Presentation

20 slides from Wendy's Company (the)'s earnings presentation, May 11, 2022

  1. Slide 1: First Quarter 2022 Conference Call

    First Quarter 2022 Conference Call May 11, 2022 © Quality Is Our Recipe, LLC

  2. Slide 2: Greg Lemenchick

    Greg Lemenchick Senior Director – Investor Relations & Corporate FP&A © Quality Is Our Recipe, LLC

  3. Slide 3: 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 of 1995 (the “Reform Act”). For all such forward-looking s

  4. Slide 4: Agenda

    Agenda Business Update Q1 Financial Results 2022 Outlook IR Calendar Q&A THE WENDY'S COMPANY | 4

  5. Slide 5: Todd Penegor

    Todd Penegor President & Chief Executive Officer © Quality Is Our Recipe, LLC

  6. Slide 6: CEO Business Update

    CEO Business Update ▪ Double digit global 2-year SRS for 2nd consecutive quarter ▪ Unit growth on plan with over 90 openings in Q1 ▪ Global digital mix reached > 10% ▪ Grew QSR burger morning meal dollar and traffic share in Q1* ▪ Increased share repurchase authorization to $250M following successfu

  7. Slide 7: Gunther Plosch

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

  8. Slide 8: First Quarter Financial Results

    First Quarter Financial Results $ Mils (except per share amounts) 2022 2021 B/(W) Global Systemwide Sales Growth 4.2% 12.5% 2-Yr 16.7% Global System SRS 2.4% 13.0% 2-Yr 15.4% Company Restaurant Margin 11.6% 17.0% (540) bps G&A $62.3 $52.6 (18.5)% Adjusted EBITDA1 $106.9 $121.0 (11.6)% Adjusted EPS1

  9. Slide 9: 2022 Outlook Unchanged

    2022 Outlook Unchanged Original Outlook Post Metric Outlook Debt-Raise Global Systemwide Sales 6% to 8% No Change Growth Adjusted EBITDA $490M to $505M No Change Adjusted EPS $0.87 to $0.91 $0.82 to $0.86 Capital Expenditures $90M to $100M No Change Free Cash Flow $230M to $240M $215M to $225M THE W

  10. Slide 10: Capital Allocation Policy Remains Unchanged

    Capital Allocation Policy Remains Unchanged 1. Continue to Invest in the Business for Growth 2. Sustain an Attractive Dividend; Payout Ratio > 50% • Announced Q2 Dividend of $0.125 3. Flexibility to Utilize Excess Cash to Repurchase Shares and/or Reduce Debt • Increased Share Repurchase Authorizatio

  11. Slide 11: Greg Lemenchick

    Greg Lemenchick Senior Director – Investor Relations & Corporate FP&A © Quality Is Our Recipe, LLC

  12. Slide 12: Wendy's to Host Virtual Investor Day

    Wendy’s to Host Virtual Investor Day June 9, 2022 THE WENDY'S COMPANY | 12

  13. Slide 13: Investor Relations Calendar

    Investor Relations Calendar • June 9: Virtual Investor Day • June 10: NDR with Evercore (New York) • June 15: Oppenheimer Conference (Virtual) • June 16: Conference Call with Kalinowski Equity Research • June 21: NDR with Piper Sandler (Los Angeles) • June 22: NDR with Morgan Stanley (San Francisco)

  14. Slide 14: Q&A

    Q&A

  15. Slide 15: Appendix

    Appendix

  16. Slide 16: 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 no

  17. Slide 17: Reconciliations of Net Income to Adjusted EBITDA and Revenues

    In Thousands (Unaudited) Reconciliations of Net Income to Adjusted EBITDA and Revenues to Adjusted Revenues THE WENDY'S COMPANY | 17

  18. Slide 18: Reconciliation of Net Income and Diluted Earnings Per Share

    In Thousands except per-share amounts (Unaudited) Reconciliation of Net Income and Diluted Earnings Per Share to Adjusted Income and Adjusted Earnings Per Share THE WENDY'S COMPANY | 18

  19. Slide 19: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow

    In Thousands (Unaudited) Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow THE WENDY'S COMPANY | 19

  20. Slide 20: Slide 20

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