Driven Brands Holdings Inc. · NASDAQ:DRVN
Driven Brands — Q4 2025 Earnings Presentation
120 slides from Driven Brands's earnings presentation, May 19, 2026
Slide 1: Atos
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Slide 2: Slide 2
Slide 3: Forward Looking Statements
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Slide 5: Table of Contents
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Slide 7: Forward Looking Statements
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Slide 8: Risk Factors Summary
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Slide 9: Driven Brands Holdings Inc.
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Slide 10: Our paint services are offered through Maaco
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Slide 11: Training platform
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Slide 12: Our Paint Collision & Glass segment generated approximately $1.3 billion
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Slide 13: Our franchise agreements
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Slide 14: Predict the effect on our operations
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Slide 15: Summary of Risk Factors
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Slide 16: How we relate to our business
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Slide 17: Changes in travel patterns
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Slide 18: The demand for our automotive repair and maintenance services
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Slide 19: We and our franchisees maintain insurance
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Slide 20: Adverse effect on sales and profit margins
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Slide 21: Additional locations to maintain existing business volume
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Slide 22: Labor and material costs
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Slide 23: And heating parts
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Slide 24: Stakeholders
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Slide 25: Companies that operate franchise systems
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Slide 26: In the ordinary course of business
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Slide 27: Unforeseen events
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Slide 28: Intellectual Property Related To Our Business
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Slide 29: Could harm our business
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Slide 30: ERP system
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Slide 31: In the U.S. for example
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Slide 32: Certain of the franchise documents
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Slide 33: However, franchisees may provide substandard services
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Slide 34: Unless and until we repay all outstanding borrowings
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Slide 35: R R R
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Slide 36: Intangible assets
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Slide 37: Public accounting firm
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Slide 38: Voting rights of stockholders
R DFCJ=8=B;:CFH<9F9ACJ5@C:8=F97HCFGCB@M:CF75IG95B8CB@MIDCBH<95::=FA5H=J9JCH9C:H<9<C@89FGC:5H@95GH =BJCH=B;DCK9FC:5@@H<9H<9B CIHGH5B8=B;G<5F9GC:GHC7?C:H<9CAD5BM9BH=H@98HCJCH9H<9F9CB JCH=B; HC;9H<9F5G5G=B;@97@5GG =:@9GGH<5BC:H<9JCH=B;DCK9FC:CIFCIHGH5B8=B;7CAACBGHC7?=G69B9:=7=5@@MCKB98 6MCIF*F=B7=D5@-H
Slide 39: Certificate of incorporation contains provisions
CH<9F9AD@CM99G CFGHC7?<C@89FG "CK9J9F H<99B:CF7956=@=HMC:G=A=@5F:CFIADFCJ=G=CBG=BCH<9F7CAD5B=9GY79FH=:=75H9GC: =B7CFDCF5H=CB<5G699B7<5@@9B;98=B@9;5@DFC7998=B;G #:57CIFHK9F9HC:=B8H<99L7@IG=J97<C=79C::CFIADFCJ=G=CB 7CBH5=B98=BCIF79FH=:=75H9C:=B7CFDCF5H=CBHC69=B5DD@=756@9CFIB9B:CF7956@9=B5B57H=CB K9A5M
Slide 40: Application of Delaware law
5DD@=75H=CBC:9@5K5F9@5K5B8:989F5@G97IF=H=9G@5KG=BH<9HMD9GC:@5KGI=HGHCK<=7<957<5DD@=9G H<97<C=79C::CFIA DFCJ=G=CBA5M@=A=H5GHC7?<C@89FYG56=@=HMHC6F=B;57@5=A=B5>I8=7=5@:CFIAH<5H=H:=B8G:5JCF56@9:CF8=GDIH9GK=H<IGCFCIF 8=F97HCFG C::=79FG CH<9F9AD@CM99GCFGHC7?<C@89FG K<=7<A5M8=G7CIF5;9GI7<@5KGI=HG5;5=BGHIG
Slide 41: Cybersecurity
#-)F979=J9GD9F=C8=7F9DCFHGCB7M69FG97IF=HMH<F95HG5B8F9;I@5F@MF9J=9KGF=G?A5B5;9A9BHA95GIF9G=AD@9A9BH986MH<9 CAD5BMHC=89BH=:M5B8A=H=;5H97M69FG97IF=HMF=G?G 1#4&1(+4'%61458'45+)*6 )IFC5F8C:=F97HCFG =B7CCF8=B5H=CBK=H<=HGI8=HCAA=HH99 CJ9FG99GH<9CAD5BMYG9BH9FDF=G9F=G? A5B5;9A9BHDFC79GG =B7@I8=B;H<9A5B5;9A9B
Slide 42: See the "Segment" caption in Part I, Item 1
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Slide 43: Market for Registrant's Common Equity
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Slide 44: Dividend policy
8E834=3?>;82H 197IFF9BH@M8CBCH=BH9B8HCD5M75G<8=J=89B8GCBCIF7CAACBGHC7?=BH<9:CF9G9956@9:IHIF9 "CK9J9F K9A5M =B H<9:IHIF9 897=89HCD5M8=J=89B8GCBCIF7CAACBGHC7? BM897@5F5H=CB5B8D5MA9BHC:75G<8=J=89B8G=BH<9:IHIF9 =:5BM K=@@695HH<98=G7F9H=CBC:CIFC5F8C:=F97HCFG5B8K=@@89D9B8IDCBGI7<:57HCFG5G95FB=B;G@9J9@G 75
Slide 45: Management's Discussion and Analysis
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Slide 46: Key Performance Indicators
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Slide 47: Table of Key Performance Indicators
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Slide 48: Reconciliation of Non-GAAP Financial Information
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Slide 49: Reconciliation of Net Loss to Adjusted Net Income and Adjusted EPS
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Slide 50: Reconciliation of Net Loss to Adjusted EBITDA
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Slide 51: Results of Operations for the Year Ended December 31, 2025 Compared to 2024
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Slide 52: Facilitate the review of our results of operations
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Slide 53: Year Ended December 31, 2025 Compared to 2024
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Slide 54: Year Ended December 31, 2025 Compared to 2024
06'4'56:2'05''6 /40A=343 424<14A >5$4C 424<14A >5$4C /4:.5;9'4*9 (4E4=D4B (4E4=D4B #BH9F9GH9LD9BG9 B9H #BH9F9GH9LD9BG9 B9H897F95G98A=@@=CB CF DF=A5F=@M8I9HCB9H896HF98I7H=CBC:A=@@=CB=BH<97IFF9BHM95F DF=A5F=@MF9@5H=B;HCH<9.9FA@C5B5B8,9JC@J=B;F98=H 57=@=HM =BH9F9GH=B7CA995FB98=BH<97IFF9BHM95F 5B8F98I79
Slide 55: Segment Results of Operations for the Year Ended December 31, 2025
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Slide 56: Year Ended December 31, 2025 Compared to 2024
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Slide 57: Year Ended December 31, 2025 Compared to 2024
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Slide 58: Year Ended December 31, 2025 Compared to 2024
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Slide 59: Financial Condition, Liquidity and Capital Resources
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Slide 60: Cash flows from operations
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Slide 61: Because we are a holding company with no operations of our own
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Slide 62: Other payments from franchisees
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Slide 63: Recovered or settled
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Slide 64: Application of New Accounting Standards
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Slide 65: Item 14. Financial Statements and Supplementary Data
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Slide 66: Report of Independent Registered Public Accounting Firm
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Slide 67: We were impaired assessment
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Slide 68: Consolidated Statements of Operations
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Slide 69: Consolidated Statements of Comprehensive Income
(,$($)%"$)$ $)+)() %$)%"*)**#$*)%%#&($),$%#"%)) /40A=343 424<14A 424<14A 424<14A /4:.5;9'4*9 $4C;>BB8=2><4 )H<9F7CADF9<9BG=J9=B7CA9 CF9=;B7IFF9B7MHF5BG@5H=CB58>IGHA9BHG /BF95@=N98@CGG ;5=B:FCA75G<:@CK<98;9G B9HC:H5L9LD9BG969B9:=H C: 5B8 F9GD97H=J9@M 7HI5F=5@@CGG ;5=BC:89:=B98D9BG=CBD@5B B9HC:H5L69B9
Slide 70: Consolidated Balance Sheets
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Slide 71: Consolidated Statements of Shareholders' Equity
(,$($)%"$)$ $)+)() %$)%"*)**#$*)%)(%"()L'+*/ /40A=343 424<14A 424<14A 424<14A /4:.5;9'4*9+>)+6:9.'8+'35;4:9 )70A4B <>D=C )70A4B <>D=C )70A4B <>D=C &A454AA43BC>2: ?0AE0;D4?4AB70A4 V V V V V V ><<>=BC>2: ?0AE0;D4?4AB70A4 5@5B795H69;=BB=B;C:D9F=C8 -HC7?=GGI98F9@5H=B;HCAD@CM99-HC7? *IF7<5G9*@5B V -<5F9G
Slide 72: Consolidated Statements of Cash Flows
(,$($)%"$)$ $)+)() %$)%"*)**#$*)%)"%-) /40A=343 /4:.5;9'4*9 424<14A 424<14A 424<14A $4C;>BB8=2><4 8>IGHA9BHGHCF97CB7=@9B9H@CGG =B7CA9HCB9H75G<DFCJ=8986M CD9F5H=B;57H=J=H=9G 9DF97=5H=CB5B85ACFH=N5H=CB !CC8K=@@=AD5=FA9BH V V .F589B5A9=AD5=FA9BH V V -<5F9 65G987CAD9BG5H=CB9LD9BG9 &CGG;5=B CB:CF9=;B89BC
Slide 73: Supplemental cash flow information
::97HC:9L7<5B;9F5H97<5B;9GCB75G< $4C270=648=20B720B74@D8E0;4=CBA4BCA82C4320B70=320B7 8=2;D3438=03E4AC8B8=65D=30BB4CBA4BCA82C43 5G<5B875G<9EI=J5@9BHG 69;=BB=B;C:D9F=C8 5G<=B7@I898=B58J9FH=G=B;:IB85GG9HG F9GHF=7H98 69;=BB=B;C: D9F=C8 ,9GHF=7H9875G< 69;=BB=B;C:D9F=C8 0B720B74@D8E0;4=CBA4BCA82C4320B70=3
Slide 74: Note 8. Acquisition of Business
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Slide 75: Cash equivalents
#5*#0*37+8#.'065 5G<9EI=J5@9BHG7CBG=GHC:89A5B889DCG=HG5B8G<CFH H9FA <=;<@M@=EI=8=BJ9GHA9BHGK=H<CF=;=B5@A5HIF=H=9GC:H<F99ACBH<G CF@9GG .<9G9=BJ9GHA9BHG5F975FF=985H7CGH K<=7<5DDFCL=A5H9G:5=FJ5@I9 '564+%6'* .<9CAD5BM<58HCH5@F9GHF=7H9875G<C:A=@@=CB5H6CH<979A69F 5B8979A69F F9GD97H=J9@M K<=7< DF=A5F
Slide 76: The Company capitalizes qualified cloud computing implementation costs
.17&1/276+0) 44#0)'/'065 .<9CAD5BM75D=H5@=N9GEI5@=:=987@CI87CADIH=B;=AD@9A9BH5H=CB7CGHG5GGC7=5H98K=H<H<95DD@=75H=CB89J9@CDA9BHGH5;9 5B8GI6G9EI9BH@M5ACFH=N9GH<9G97CGHGCJ9FH<9H9FAC:H<9<CGH=B;5FF5B;9A9BH5B8GH5H98F9B9K5@D9F=C8 =:=H=GF95GCB56@M 79FH5=BK9K=@@F9B9K 5D=H5@=N987CGHG5F9=B7@I898=BCH<9F5GG9HGCB
Slide 77: In performing a quantitative test for impairment of goodwill
#BD9F:CFA=B;5EI5BH=H5H=J9H9GH:CF=AD5=FA9BHC:;CC8K=@@ K9DF=A5F=@MIG9H<9=B7CA95DDFC57<A9H<C8C:J5@I5H=CBH<5H =B7@I89GH<98=G7CIBH9875G<:@CKA9H<C85B8H<9A5F?9H5DDFC57<H<5H=B7@I89GH<9;I=89@=B9DI6@=77CAD5BMA9H<C8HC 89H9FA=B9H<9:5=FJ5@I9C:H<9F9DCFH=B;IB=HG5B8=B89:=B=H9 @=J98=BH5B;=6@95GG9HG -=;B=:=75BH5GGIAD
Slide 78: The Company has the following employee benefit plans
.<9CAD5BM<5GH<9:C@@CK=B;9AD@CM9969B9:=HD@5BG5? D@5B7CJ9F=B;9@=;=6@99AD@CM99G5G89:=B986MH<9D@5B 5;F99A9BH 5BCB EI5@=:=9889:9FF987CAD9BG5H=CBD@5B:CF=HG9L97IH=J9@9J9@9AD@CM99G 5B85BIB:IB898D9BG=CBD@5B 7CJ9F=B;79FH5=B=BH9FB5H=CB5@9AD@CM99GK=H<=BH<95F15G<G9;A9BH '4+8#6+8'05647/'065 19IH=@=N989F=J5H=J9:=B
Slide 79: Any excess or deficiency of advertising fee revenue
BM9L79GGCF89:=7=9B7MC:58J9FH=G=B;:99F9J9BI97CAD5F98HC58J9FH=G=B;9LD9B8=HIF9G=GF97C;B=N98=BH<9:CIFH<EI5FH9FC: H<9CAD5BMG:=G75@M95F BM9L79GGC:F9J9BI9CJ9F9LD9B8=HIF9G=GF97C;B=N98CB@MHCH<99LH9BHC:DF9J=CIG@MF97C;B=N98 89:=7=HG 1<9B58J9FH=G=B;F9J9BI9G9L7998H<9F9@5H9858J9FH=G=B;9LD9BG9G5B8H<9F9=GBCF97CJ9FM
Slide 80: Associated with the subleasing of store buildings to franchisees
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Slide 81: The carrying value and estimated fair value of total long term debt
.<975FFM=B;J5@I95B89GH=A5H98:5=FJ5@I9C:HCH5@@CB; H9FA896HK9F95G:C@@CKG 424<14A 424<14A 0AAH8=6 BC8<0C43508A 0AAH8=6 BC8<0C43508A /4:.5;9'4*9 E0;D4 E0;D4 E0;D4 E0;D4 &CB; H9FA896H 0%1/'#:'5 .<9CAD5BM577CIBHG:CF=B7CA9H5L9GIB89FH<9@=56=@=HMA9H<C8K<9F96M89:9FF98H5L5GG9HG5B8@=56=@=H=9G5F9A95GIF98 IG=B;9B
Slide 82: Effective tax rate
CFA5895J5=@56@9:CF=GGI5B79 .<9CAD5BM=G9J5@I5H=B;H<9=AD57HC:H<=G;I=85B79CB=HG7CBGC@=85H98:=B5B7=5@GH5H9A9BHG 5B8F9@5H988=G7@CGIF9G #B(CJ9A69F H<9 -=GGI98-/ 4)53+":':+3+4:!+658:/4-5368+.+49/<+4)53+>6+49+ /9'--8+-':/54/9)259;8+9";(:56/) /9'--8+-':/545,4)53+":':+3+4:>6+49+9 .<=G-/=B7@I89G 5A9B8A9BHGH<5H
Slide 83: Assets held for sale and impairment charges
#+06'0#0%'')/'06 /4:.5;9'4*9 #08=C4=0=24 BB4CB )D9F5H=B;@95G9F=;<H C: IG95GG9HG *FCD9FHM5B89EI=DA9BH B9H BB4CB02@D8A43 "8018;8C84B 77FI989LD9BG9G5B8CH<9F@=56=@=H=9G )D9F5H=B;@95G9@=56=@=H=9G *>C0;;8018;8C84B0BBD<43 5G<7CBG=89F5H=CB B9HC:75G<57EI=F98 9:9FF987CBG=89F5H=CB *>C0;2>=B834A0C8>==4C>520B702
Slide 84: Acquisitions
2@D8B8C8>=B .<9CAD5BM7CAD@9H9857EI=G=H=CBG=BH<95F15G<G9;A9BH8IF=B;H<9M95F9B898979A69F F9DF9G9BH=B; G=H9G K<=7<K9F9899A98HC696IG=B9GG7CA6=B5H=CBG .<95;;F9;5H975G<7CBG=89F5H=CB:CFH<9G957EI=G=H=CBG B9HC:75G< 57EI=F98 K5G5DDFCL=A5H9@MA=@@=CB #B$IB9 H<95F15G<G9;A9BH57EI=F98$=AAM@95B5F15G< K<=7<K5G 7CADF=
Slide 85: Note 9: Acquisitions and divestitures
=B7@I8989GG9BH=5@@M5@@5GG9HG5B8@=56=@=H=9G5GGC7=5H98K=H<H<96IG=B9GG5GK9@@5G5@@C75H98;CC8K=@@C:A=@@=CBF9GI@H=B; =B5@CGGC:A=@@=CBCBH<9G5@9C:6IG=B9GGK=H<=BG9@@=B; ;9B9F5@5B858A=B=GHF5H=J99LD9BG9GCBH<97CBGC@=85H98GH5H9A9BH C:CD9F5H=CBG8IF=B;H<9M95F9B898979A69F DDFCL=A5H9@MA=@@=CBC:H<9G5@9DFC7998GK9F9IH=
Slide 86: During the year ended December 31, 2025, the Company recorded an impairment charge
IF=B;H<9M95F9B898979A69F H<9CAD5BMF97CF8985B=AD5=FA9BH7<5F;9F9@5H98HC/ - 5F15G<DFCD9FHM5B8 9EI=DA9BHC:A=@@=CB IF=B;H<9M95F9B898979A69F H<9CAD5BMHF5BG:9FF98A=@@=CBC:5GG9HG:FCA DFCD9FHM5B89EI=DA9BHHC5GG9HG<9@8:CFG5@9 ,9:9FHC(CH9:CF588=H=CB5@=B:CFA5H=CB $>C4K>>3F8;;0=3%C74A=C0=681;4BB4CB <5B;9G=BH<975F
Slide 87: Intangible assets for the years ended December 31, 2025 and 2024
#BH5B;=6@95GG9HG:CFH<9M95FG9B898 979A69F 5B8979A69F 5F95G:C@@CKG /4:.5;9'4*9 0;0=240C424<14A A>BB0AAH8=6 22D<D;0C43 $4C0AAH8=6 ,0;D4 <>AC8I0C8>= ,0;D4 458=8C4"8E43<>AC8I01;4 F5B7<=G95;F99A9BHG &=79BG95;F99A9BHG '9A69FG<=D5;F99A9BHG IGHCA9FF9@5H=CBG<=DG 9J9@CD98H97<BC@C;M .F589A5F?GCH<9F .CH5@89:=B=H
Slide 88: Goodwill and asset impairment charges
$>C4KBB4CB4;3>A)0;40=3<?08A<4=CB >>3F8;;0=3BB4C<?08A<4=C70A64B IF=B;H<9M95F9B898 979A69F A5B5;9A9BHD9F:CFA985GHF5H9;=7F9J=9KC:H<9/ - 75FK5G<CD9F5H=CBG K<=7< =B7@I898 6IHK5GBCH@=A=H98HC 5B9J5@I5H=CBC:H<9:C@@CK=B;GHCF9D9F:CFA5B79 H<97CAD9H=H=J9@5B8G75D9 F9J9BI95B8 9LD9BG9CDH=A=N5H=CBCDDCFHIB=H=9G 5B87
Slide 89: Note 11. Long Term Debt
$>C4K">=6 C4A<41C )IF@CB; H9FA896HC6@=;5H=CBG7CBG=GHC:H<9:C@@CK=B; 424<14A 424<14A /4:.5;9'4*9 -9F=9G -97IF=H=N5H=CB-9B=CF(CH9G @5GG V -9F=9G -97IF=H=N5H=CB-9B=CF(CH9G @5GG -9F=9G -97IF=H=N5H=CB-9B=CF(CH9G @5GG -9F=9G -97IF=H=N5H=CB-9B=CF(CH9G @5GG -9F=9G -97IF=H=N5H=CB-9B=CF(CH9G @5GG -9F=9G -97IF=
Slide 90: Issuer and are guaranteed by the securitization entities
#GGI9F5B85F9;I5F5BH9986MH<9-97IF=H=N5H=CBBH=H=9G .<9CAD5BM75D=H5@=N98A=@@=CBC:896H=GGI5B797CGHGF9@5H98HC H<9 -9B=CF(CH9G )4A84B ,0A801;4D=38=6)42DA8C8I0C8>=)4=8>A$>C4B #B979A69F H<9#GGI9F=GGI98-9F=9G 05F=56@9 IB8=B;-9B=CF(CH9GH<9W0 (X =BH<9F9JC@J=B;5ACIBH C:A=@@=CB .<90 (<585:=B5@@9;5@A5HIF=HM85H9=B
Slide 91: No amounts outstanding under the 2024 OAK
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Slide 92: Note 13. Segment Information
$>C4K)46<4=C=5>A<0C8>= .<9CAD5BMYGKCF@8K=89CD9F5H=CBG5F97CADF=G98C:H<9:C@@CK=B;F9DCFH56@9G9;A9BHG'5=BH9B5B79 5F15G< *5=BH C@@=G=CB!@5GG 5B8*@5H:CFA-9FJ=79G .<9'5=BH9B5B79G9;A9BH=GDF=A5F=@M7CADCG98C:H<9.5?9)=@5B8'9=B9?96F5B8G 5B8F9J9BI9=GDF=A5F=@M89F=J98:FCA H<9D9F:CFA5B79C:A5=BH9B5B79G9FJ=79G =B7@I8
Slide 93: Year Ended December 31 Net (Loss) income
/40A=343424<14A &08=C >;;8B8>= &;0C5>A< >A?>A0C4 /4:.5;9'4*9 #08=C4=0=24 0A-0B7 ;0BB )4AE824B 0=3%C74A *>C0; F5B7<=G9FCM5@H=9G5B8:99G V V CAD5BM CD9F5H98GHCF9G5@9G V #B89D9B89BH@M CD9F5H98GHCF9 G5@9G V V V V 8J9FH=G=B;:IB87CBHF=6IH=CBG V V V V -IDD@M5B8CH<9FF9J9BI9 *>C0;=4CA4E4=D4 %C74AB46<4=C8C4<B
Slide 94: Inventory rationalization expenses incurred in connection with acquisitions
=BJ9BHCFMF5H=CB5@=N5H=CB9LD9BG9G=B7IFF98=B7CBB97H=CBK=H<57EI=G=H=CBG 199LD97HHC=B7IFG=A=@5F7CGHG=B7CBB97H=CB K=H<CH<9F57EI=G=H=CBG=BH<9:IHIF95B8 IB89F/ - !* GI7<7CGHGF9@5H=B;HC57EI=G=H=CBG5F99LD9BG985G=B7IFF98 6 CBG=GHGC:8=G7F9H9=H9AG5B8DFC>97H7CGHG =B7@I8=B;= H<=F8D5FHM7CBGI@H=B; DFC:9GG=CB5@ 5B8@9
Slide 95: Note 15. Leases
$>C4 K"40B4B .<9CAD5BMYG@95G95B8GI6@95G9DCFH:C@=CDF=A5F=@M7CBG=GHGC:H<9F95@DFCD9FHM@95G9GF9@5H98HC:F5B7<=G995B87CAD5BM CD9F5H98@C75H=CBG 5GK9@@5GC::=79GD5795B8J5F=CIGJ9<=7@95B89EI=DA9BH@95G9G &95G9G:CFF95@DFCD9FHM;9B9F5@@M<5J9 H9FAGF5B;=B;:FCA:=J9HCM95FG K=H<ACGH<5J=B;CB9CFACF9F9B9K5@CDH=CBGF5B;=B;:
Slide 96: Related to these lease arrangements
F9@5H98HCH<9G9@95G95FF5B;9A9BHG .<9CAD5BMF97CF898B9H;5=BGC:A=@@=CB A=@@=CB 5B8A=@@=CB:CFH<9M95FG 9B898979A69F 979A69F 5B8979A69F F9GD97H=J9@M /40A=343 424<14A 424<14A 19=;<H985J9F5;9F9A5=B=B;@95G9H9FAGM95FG )D9F5H=B; =B5B7=B; 19=;<H985J9F5;98=G7CIBHF5H9 )D9F5H=B; =B5B7=B; -IDD@9A9BH5@75G<:@CK=B:CFA5
Slide 97: Recognized in interest expense during each of the years ended December 31
F9GD97H=J9@M 19F97@5GG=:=98A=@@=CB=BHC=BH9F9GH9LD9BG98IF=B;957<C:H<9M95FG9B898979A69F 5B8 979A69F F9GD97H=J9@M 5B8@9GGH<5BA=@@=CB8IF=B;H<9M95F9B898979A69F .<=G;5=BK=@@69 F97C;B=N98F5H56@MCJ9FH<9M95F@=:9C:H<97CBHF57H69;=BB=B;=B)7HC69F 4A8E0C8E4B4B86=0C430B08A,0;D44364>5G270=64(0C4(8B: #B979A69F H<9CA
Slide 98: Note 14. Related Party Transactions
$>C4 K(4;0C43 &0ACH*A0=B02C8>=B .<9CAD5BMA589D5MA9BHG:CF:57=@=H=9GA5=BH9B5B79G9FJ=79G=BH<95;;F9;5H95ACIBHC:5DDFCL=A5H9@MA=@@=CB A=@@=CB 5B8A=@@=CB8IF=B;H<9M95FG9B898979A69F 979A69F 5B8979A69F F9GD97H=J9@M HC=J=G=CBG'5=BH9B5B79!FCID 5B9BH=HMCKB986M5::=@=5H9GC:,C5F?5D=H5@'5B5;9A9BH && .<9HF5BG57H=CBK5
Slide 99: Lifetime awards granted
-4867C43 -4867C43 E4A064A0=C +=E4BC43 E4A064A0=C +=E4BC43*8<4 0C408A,0;D4 &4A5>A<0=24 0C408A,0;D4 F0A3B ?4AD=8C F0A3B ?4AD=8C %DCBC0=38=60B>5424<14A CF:9=H985B79@@98 09GH98 V V %DCBC0=38=60B>5424<14A 'C8=:=75H=CBG CF:9=H985B79@@98 09GH98 V V %DCBC0=38=60B>5424<14A CF:9=H985B79@@98 09GH98 V V %DCBC0=
Slide 100: The following are the restricted stock units and performance stock units granted
.<9:C@@CK=B;5F9H<9F9GHF=7H98GHC7?IB=HG5B8D9F:CFA5B79GHC7?IB=HG;F5BH98 -4867C43 -4867C43 E4A064A0=C +=E4BC43 E4A064A0=C +=E4BC43*8<4 0C408A,0;D4 &4A5>A<0=24 0C408A,0;D4 +=8CB ?4AD=8C +=8CB ?4AD=8C 0;0=240B>5424<14A !F5BH98 CF:9=H985B79@@98 09GH98 V V 0;0=240B>5424<14A !F5BH98 CF:9=H985B79@@98 *9F:CFA
Slide 101: The following are the stock options granted
.<9:C@@CK=B;5F9H<9GHC7?CDH=CBG;F5BH98 &4A5>A<0=24 *8<40B43 -4867C43 0B43)C>2: -4867C43 )C>2:%?C8>=B E4A064 %?C8>=B E4A064 %DCBC0=38=6 G4A28B4&A824 %DCBC0=38=6 G4A28B4&A824 %DCBC0=38=60B>5424<14A CF:9=H985B79@@98 L9F7=G98 V V %DCBC0=38=60B>5424<14A 'C8=:=98 CF:9=H985B79@@98 L9F7=G98 V V %DCBC0=38=60B
Slide 102: Net (Loss) earnings per share
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Slide 103: Note 12. Income Taxes
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Slide 104: Deferred tax assets / liabilities
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Slide 105: Operating loss carryforwards
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Slide 106: Complaint and motion to dismiss the amended complaint
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Slide 107: Item 15. Changes in and Disagreements with Accountants
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Slide 108: Directors, Executive Officers and Corporate Governance
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Slide 109: Item 10. Executive Compensation
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Slide 110: Item 12. Security Ownership of Certain Beneficial Owners
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Slide 111: Series 2021-1 Supplement dated as of September 28, 2021
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Slide 113: 10.16P 10.17P 10.18P
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Slide 114: Item 16. Form 10-K Summary
Item 16. Form 10-K Summary None. 110
Slide 115: Pursuant to the requirements of the Securities Exchange Act of 1934
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Slide 116: Pursuant to the requirements of the Securities Exchange Act of 1934
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Slide 119: Board of Directors Management Team
Board of Directors Management Team NEAL ARONSON JONATHAN FITZPATRICK Chairman of the Board of Directors President, Chief Executive Officer and Director Managing Parter, Roark Capital Management, LLC DANNY RIVERA JONATHAN FITZPATRICK Executive Vice President, Chief Operating Officer President, Chief
Slide 120: Slide 120
Driven Brands Holdings — Q4 2025 Earnings Presentation on 6ix