Mcdonald's Corporation · NYSE:MCD
Mcdonald's — Investor Day (2026)
22 slides from Mcdonald's's investor day presentation, 2026
Slide 1: Investor Day 2026
INVESTOR | DAY 4\¥\ 2026 es
Slide 2: Forward-looking statements
This presentation contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. Factors that could cause actual
Slide 3: To Be More Customers' First Choice
To Be More Customers’ First Choice © McDonald’s
Slide 4: To Be More Customers' First Choice
INCREASE First Choice Visits GROW Guest Counts ELEVATE Taste and Quality Customer Experience To Be More Customers’ First Choice STRENGTHEN Restaurant Economics Productivity REINVEST In Menu, Restaurant, Hospitality © McDonald’s
Slide 5: Activate Fandom, Make It Golden
+1.5PP ACTIVATE ~250 BPS MAKE IT FANDOM GOLDEN SHARE GROWTH SUPPORT GROSS IMPROVE IN CHICKEN @ BASELINE @ GUEST RESTAURANT- @ CUSTOMER AND BEVERAGES COUNT GROWTH LEVEL EXPERIENCE BY 2030 EFFICIENCIES UNLOCKED* *WITH TIMING ALIGNED TO THE FULL DEPLOYMENT OF NEXT ELEMENTS © McDonald’s ACROSS THE U.S.
Slide 6: Average Unit Volumes and Franchisee Cash Flow
AVERAGE UNIT VOLUMES $4M+ $4.5M+ AVERAGE FRANCHISEE CASH FLOW ~$500K ~$400K © McDonald’s
Slide 7: ~250 bps Gross P&L Efficiencies
~250 BPS = ~$100K GROSS P&L EFFICIENCIES GROSS ANNUAL CASH FLOW * *FOR AN AVERAGE U.S. RESTAURANT. WE EXPECT A PORTION WILL BE REINVESTED TO SUPPORT NEXT © McDonald’s GROWTH INITIATIVES, BUT THAT THE MAJORITY WILL BENEFIT THE RESTAURANT'S BOTTOM LINE OVER TIME.
Slide 8: Incremental Investment
INCREMENTAL INVESTMENT INVESTMENTS WILL BE PHASED OVER TIME ~$800K ~$650K-$700K U.S. IOM © McDonald’s TRADITIONAL DRIVE-THRU.
Slide 9: Partnering
PARTNERING GENERATE ATTRACTIVE RETURNS FOR FRANCHISEES AND MCDONALD’S © McDonald’s
Slide 10: Total Corporate Partnering
TOTAL CORPORATE PARTNERING* ~$5B ~$8.5B 2027 — 2030 THROUGH 2036 * PARTNERING SUPPORT WILL BE THROUGH A MIX OF RENT RELIEF AND CAPITAL SUPPORT. THE MIX AND LEVEL OF SUPPORT © McDonald’s WILL VARY BY MARKET AND BE FLEXIBLE AND TARGETED TO THE REALITIES FRANCHISEES FACE LOCALLY.
Slide 11: Total Corporate Partnering Payback
TOTAL CORPORATE PARTNERING ~4 YEARS ~5-6 YEARS FOR FRANCHISEES AFTER PARTNERING FOR McDONALD’S © McDonald’s RESTAURANT NEXT INVESTMENTS.
Slide 12: Non-Comp Sales
NON-COMP SALES 2026E 2027E 2028E - 2030E © McDonald's
Slide 13: New Unit Growth
NEW UNIT GROWTH © McDonald’s THIS INCLUDES MORE THAN 550 COMBINED U.S. AND IOM GROSS OPENINGS ANNUALLY THROUGH TO 2030.
Slide 14: Our Commitment
OUR COMMITMENT STRONG LONG-TERM RETURNS FOR FRANCHISEES AND COMPANY © McDonald’s
Slide 15: Cap Ex
CAP EX © McDonald’s BASED ON FOREIGN CURRENCY EXCHANGE RATES AS OF 9/23/2026.
Slide 16: Refranchising
REFRANCHISING ~95% ~98% 2026 2028E
Slide 17: G&A as a % of Systemwide Sales
G&A AS A % OF SYSTEMWIDE SALES © McDonald’s
Slide 18: Adjusted Operating Margin
ADJUSTED OPERATING MARGIN *CONSOLIDATED OPERATING MARGIN WAS 46.1% FOR THE YEAR ENDED 2025. EXCLUDING CHARGES PRIMARILY RELATED TO RESTRUCTURING CHARGES ASSOCIATED WITH ACCELERATING THE © McDonald’s ORGANIZATION, ADJUSTED OPERATING MARGIN WAS 46.9% FOR THE YEAR ENDED 2025. REFER TO THE COMPANY’S FIL
Slide 19: Free Cash Flow Conversion
FREE CASH FLOW CONVERSION LOW-TO-MID 80% MID-TO-HIGH 80% 2026E 2030E © McDonald’s
Slide 20: Capital Allocation Priorities
CAPITAL ALLOCATION PRIORITIES REINVEST RETURN COMMITTED BACK IN THE BUSINESS EXCESS FREE CASH FLOW TO CURRENT INVESTMENT TO GENERATE ATTRACTIVE TO SHAREHOLDERS GRADE CREDIT RATING RETURNS AND DRIVE THROUGH DIVIDENDS AND SUSTAINABLE, PROFITABLE SHARE REPURCHASES LONG-TERM GROWTH OVER TIME © McDonald’
Slide 21: Deliver, Support, Reinforce
DELIVER SUPPORT REINFORCE DURABLE STRONG EPS POSITION AS COMPARABLE GROWTH A HIGH-QUALITY, SALES GROWTH LONG-TERM COMPOUNDER © McDonald’s
Slide 22: © McDonald’s
© McDonald’s