Slide 1: Aramark Business Review
Aramark Business Review FEBRUARY 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements Special Note About Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations as to future events based on certain assumpti
Slide 3: Summary of Results
Summary of Results First Quarter ➢Revenue +17%; Organic Revenue +18% o Performance driven by net new business, pricing, and base business growth o Growth contribution from every reportable segment ➢Operating Income +42%; Adjusted Operating Income (AOI) +47%1 o Operating Income Margin +79 bps; AOI Ma
Slide 4: Driving Revenue Performance Across All Segments
Driving Revenue Performance Across All Segments +18% Organic Growth Driven by net new business, pricing, and base business growth with contribution from every reportable segment +18% +28% +7% Organic Growth Organic Growth Organic Growth *Charts displayed in $ millions 4
Slide 5: Activity Across Portfolio
Activity Across Portfolio • Increased student enrollments, and improved presence of staff and more events on campuses in Higher Education Education, partially offset by the end of universal government-sponsored programs in K-12 F Sports, Leisure & • Increased event pricing and per capita spending, a
Slide 6: Adjusted Operating Income Growth and Margin Expansion
Adjusted Operating Income Growth and Margin Expansion First Quarter AOI AOI Margin $250 $242 6.00% 5.3% 5.00% $200 4.3% $169 4.00% $150 +104bps +47% 3.00% $100 2.00% $50 1.00% $0 0.00% Q1 '22 Q1 '23 Q1 '22 Q1 '23 Improvement was due to leverage from higher revenue levels, pricing, and effective cost
Slide 7: Free Cash Flow Generation
Free Cash Flow Generation Free Cash Flow (in millions) Q1 Q2 Q3 Q4 FY FY23 ($706) ➢ As expected, the first quarter experienced a cash outflow $717 associated with Aramark’s normal seasonal business cadence, specifically in Higher Education $278 $330 FY22 ($96) ➢ Higher working capital due to strong
Slide 8: ESG Platform: Be Well. Do Well. Progress Report
ESG Platform: Be Well. Do Well. Progress Report - Published our Be Well. Do Well. Progress Report on January 31, 2023 - Demonstrates commitment to making a positive impact on people and the planet - Momentum in ESG priorities has led to a wide range of acknowledgements - Focused on making a lasting
Slide 9: Progress on Spin Action Items
Progress on Spin Action Items - Creating two industry-leading, distinctly focused independent companies - Ongoing progress on operational separation, including: - Hiring of key executives to complement existing Uniforms leadership team - Identified individuals expected to serve as Board of Directors
Slide 10: Sale of Ownership Stake in AIM Services
Sale of Ownership Stake in AIM Services As announced on February 2, 2023 - Reached agreement to sell 50% ownership equity stake in AIM Services to Mitsui & Co., Ltd for $535 million - AIM Services established as a joint venture between Aramark and Mitsui Group companies in 1976 to provide food servi
Slide 11: Fiscal 2023 Outlook
Fiscal 2023 Outlook Aramark currently expects the following full-year total Company performance for fiscal 2023: Maintained - Organic revenue growth between +11% and +13% - Free Cash Flow in a range of $475M to $525M, before the payment of deferred payroll taxes associated with the CARES Act as well
Slide 12: Appendix
APPENDIX aramark 3 WW Reach For Remarkable SERVICE. INNOVATION. GROWTH 12
Slide 13: Modeling Assumptions
Modeling Assumptions Fiscal 2023 Outlook Low High Organic Revenue $18.1 billion $18.4 billion Organic Revenue Growth +11% +13% FX (at current rates) -2.0% M&A (related to Union Supply Group) 1.0% AOI $1,025 million $1,065 million AOI Growth +32% +37% Free Cash Flow before certain items* $475 million
Slide 14: Revenue by Segment
Revenue by Segment Q1 '23 Three Months Ended Change 12/30/22 12/31/21 % Revenue (as reported) FSS United States: Business & Industry $ 331.5 $ 230.7 44% Education 1,003.6 910.0 10% Healthcare 324.6 296.4 10% Sports, Leisure & Corrections 784.6 548.1 43% Facilities & Other 476.7 440.2 8% Total FSS Un
Slide 15: CapEx and Client Payments
CapEx and Client Payments ($ in thousands) Three Months Ended 12/30/22 12/31/21 Purchases of property and equipment and other $ 102,559 $ 73,722 Payments made to client contracts 33,868 8,353 $ 136,427 $ 82,075 15
Slide 16: Selected Operational and Financial Metrics
Selected Operational and Financial Metrics Adjusted Revenue (Organic) Adjusted Revenue (Organic) represents revenue growth, adjusted to eliminate the effect of certain material acquisitions and the impact of currency translation. Adjusted Operating Income Adjusted Operating Income represents operati
Slide 17: Non-GAAP Schedules
Non-GAAP Schedules e h For Remarkable aramark 3” » neat ERVICE. INNOVATION. GROWTH 17
Slide 18: Adjusted Consolidated Operating Income Margin
Adjusted Consolidated Operating Income Margin 18
Slide 19: Adjusted Net Income & Adjusted Earnings Per Share
Adjusted Net Income & Adjusted Earnings Per Share 19
Slide 20: Free Cash Flow
Free Cash Flow ARAMARK AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES FREE CASH FLOW (Unaudited) (In thousands) Three Months Ended Three Months Ended Six Months Ended Three Months Ended Nine Months Ended Three Months Ended Fiscal Year Ended December 30, 2022 March 31, 2023 March 31, 2023 June
Slide 21: © 2022 Aramark. All Rights Reserved.
© 2022 Aramark. All Rights Reserved. The information contained in this document is confidential and proprietary to Aramark Corporation and its affiliates and provides Aramark with a competitive advantage in the marketplace. Any disclosure, copying, distribution, publication (including, without limit