The One Group Hospitality, Inc. · NASDAQ:STKS
The One Group Hospitality — Investor Presentation (May 2026)
25 slides from The One Group Hospitality's investor presentation, May 2026
Slide 1: Investor Presentation May 2026
Investor Presentation May 2026 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, including with respect to portfolio optimization, restaurant openings and 2026 financial target
Slide 3: Leader in VIBE Dining
Leader in VIBE Dining VIBE DINING Unforgettable, Energetic, Fun and Feels Different Entertaining Created Got to do it again by the Flawless Experiential Execution of the Entertaining Seven Fundamentals! 3
Slide 4: The Core Vision
The Core Vision: The Undisputed Global Leader In VIBE Dining. Creating Great Guest Memories by Operating the BEST Restaurant In Every Market by Delivering Mission: Exceptional and Unforgettable Guest Experiences to Every Guest, Every Time. STRATEGY PILLARS Operations Marketing Culinary / Beverage Ex
Slide 5: Business Overview
Business Overview A Portfolio of Iconic Brands Experiential and Entertaining VIBE DINING Restaurants Largest, most recognizable Artfully blends the modern Bar-centric grill concept and only national Turn-key food and steakhouse and a chic featuring American Creative sushi and teppanyaki brand with b
Slide 6: Proven & Scalable International Platform with Compelling Whitespace
Proven & Scalable International Platform with Compelling Whitespace 157 Total Venues Across 31 States and 11 Countries United Kingdom Italy Canada Panama El Salvador Brazil Aruba Puerto Rico UAE Qatar Mexico (1) (2) STK (31) Kona Grill (20) F&B Venues (5) Benihana (85) RA Sushi (10) Salt Water Socia
Slide 7: Current Business Headlines – First Quarter 2026
Current Business Headlines – First Quarter 2026 • Total GAAP Revenues Grew Year Over Year • Improved sequential same store sales for all brands • Achieved positive same store sales at STK in Q1 2026 (+1.4%) and return to flat same store sales at Benihana • Owned Restaurant Cost of Sales as a Percent
Slide 8: Current Financial Headlines
Current Financial Headlines Summary of Results US $ millions 2026 (unaudited) 2023 2024 2025⁽¹⁾ 2026 TTM Guidance⁽²⁾ Total Revenues 332.8 673.3 814.2 815.9 847.5 Adjusted EBITDA 32.8 76.4 88.9 92.0 105.0 +20% Additional Highlights US $ millions 2026 (unaudited) 2023 2024 2025⁽¹⁾ 2026 TTM Guidance⁽²⁾
Slide 9: Strong Same Store Sales Track Record
Strong Same Store Sales Track Record Portfolio’s strong, iconic brands and vibrant guest dining experiences have enabled industry leading performance post COVID Long Term SSS 28.3% (58% of SSS) Growth 17.9% (2025 vs 2017) 4.6% 4.1% 5.7% 3.4% STK +72% -0.8% 0.0% -2.2% Benihana +69% 2017 2018 2019 COV
Slide 10: Current Priorities
Current Priorities • Accelerating same store sales through operational excellence, innovation, and targeted marketing with focus on VALUE • Operations – Guest experience, table turns, and develop and retain teammates • Innovation – Seasonal menus • Marketing – Value messaging, loyalty, bar-bell prem
Slide 11: 2026 Development
2026 Development Asset Light Conversions New Store Openings Franchise & Managed & Other 5 6-10 new venues 3 From: • 3 Kona Grills STK Grills Benihana Benihana • 2 RA Sushis To: • Phoenix, AZ • Kona Grill - • Brea, CA • Islamorada, FL • 4 Benihana • Brea, CA Highlands Ranch, • San Jose, CA (JV) (Fran
Slide 12: Early on our Growth Trajectory
Early on our Growth Trajectory Long-term Potential Unit Growth 400 ~20% of Total Addressable Market White Space 315 200 White Space 169 Actual 85 Actual 31 STK Benihana 12
Slide 13: Strong New Store Economic Models
Strong New Store Economic Models Average costs when we are first tenant on property. As second tenant, investment may be up to $2 million less. STK – Projected New Unit Economics Benihana – Projected New Unit Economics US $ millions US $ millions Revenue 8.0 Revenue 6.5 EBITDA 1.9 EBITDA 1.4 Cash In
Slide 14: Benihana Look and Feel 2026 and Beyond
Benihana Look and Feel 2026 and Beyond 14
Slide 15: San Mateo – New Prototype – Opened in 2025
San Mateo – New Prototype – Opened in 2025 15
Slide 16: San Jose – Refined Prototype – Coming in 2026
San Jose – Refined Prototype – Coming in 2026 16
Slide 17: Returning Focus to Asset Light Development
Returning Focus to Asset Light Development STK Managed & Licensed Benihana Franchise & Licensed All Brands Non-traditional Opportunity for 200 STKs globally, Owns Benihana trademarks and Benihana now in 4 sporting venues across large and mid-sized markets franchise development rights in the U.
Slide 18: Driving Frequency with Everyday Value Offerings
Driving Frequency with Everyday Value Offerings Value Offerings STK Benihana Grill Concepts Lunch ✓ ✓ ✓ Happy Hour ✓ ✓ ✓ Dinner ✓ ✓ ✓ Takeout & Delivery ✓ ✓ ✓ 18
Slide 19: Innovating with Seasonal Menus
Innovating with Seasonal Menus Valentine’s Day, Lent and Spring 19
Slide 20: Engaging Frequent Guests with Loyalty Program
Engaging Frequent Guests with Loyalty Program Cultivate sustained loyalty success by growing a best-in-class program that fuels sustained business growth. OBJECTIVES • Maximize size of membership in program by converting members of other email marketing programs • 8.8mm+ members enrolled to date and
Slide 21: Leveraging New Websites to Drive Incremental Traffic
Leveraging New Websites to Drive Incremental Traffic NEW NEW NEW NEW PREVIOUS PREVIOUS PREVIOUS PREVIOUS 21
Slide 22: Path to Five Billion in System-Wide Growth Targets
Long-Term Growth Targets • 3-5 annual STK unit growth • 3-5 annual Benihana unit growth • 1-3 new F&B Hospitality managed deal • Opportunistic Grill development Path to Five • Same store sales growth of 3% - 5% Billion • Focus on capital light development in System- • Disciplined G&A management Wide
Slide 23: The ONE Group Highlights
The ONE Group Highlights Well Positioned for Fast Growing Restaurant Significant Growth in a Company Transforming Restaurant Sector Acquisitions can Further Strong Management Team Enhance our Brand Portfolio and Infrastructure to Support and Unit Pipeline Growth Strong Economics Drives Flexibility S
Slide 24: Reconciliations of Non-GAAP Measures
Reconciliations of Non-GAAP Measures The following table presents a reconciliation of net income (loss) to EBITDA and Adjusted EBITDA for the periods indicated: For the year ended For the year ended For the year ended December 31, December 31, December 28, US $ thousands 2023 2024 2025 Net income (l
Slide 25: Reconciliations of Non-GAAP Measures
Reconciliations of Non-GAAP Measures The following table presents a reconciliation of net income (loss) to EBITDA and Adjusted EBITDA for the periods indicated: FY 2025 Less: Q1 2025 Add: Q1 2026 TTM Q1 2026 US $ thousands Net income (loss) attributable to The ONE Group Hospitality, Inc. (92,241) 97
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