Restaurant Brands International Inc. · NYSE:QSR
Restaurant Brands International — Merger or Acquisition (January 2024)
8 slides from Restaurant Brands International's merger presentation, Jan 16, 2024
Slide 1: Acquires Carrols Restaurant Group, Inc.
Acquires Carrols Restaurant Group, Inc. (NASDAQ: TAST) January 16, 2024 1
Slide 2: Forward-looking statements
Proprietary Information of Burger King Company LLC. TM and Copyright 2024 Burger King Company LLC This presentation includes certain disclosures which contain “forward - looking statements” within the meaning of the Private Secu rities Litigation Reform Act of 1995 and forward - looking information
Slide 3: Transaction Overview
Proprietary Information of Burger King Company LLC. TM and Copyright 2024 Burger King Company LLC 3 1) Based on CapIQ consensus estimates for 2024 Adjusted EBITDA. 2) RBI has secured a financing commitment. 3) Volume - weighted average price as of January 12, 2024. Transaction Overview Transaction p
Slide 4: Carrols Restaurant Group Overview
Proprietary Information of Burger King Company LLC. TM and Copyright 2024 Burger King Company LLC 4 1) Represents preliminary 2023 results as announced by Carrols on January 8, 2024. 2) Represents trailing - twelve months ended October 1, 2023. Source: Carrols Restaurant Group, Inc. public company f
Slide 5: Carrols has a Proven Track Record of Success
Proprietary Information of Burger King Company LLC. TM and Copyright 2024 Burger King Company LLC 61% 53% 50% 60% 80% 89% 90% Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 6.1 6.0 5.9 4.9 4.0 4.1 3.9 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 5 1) TTM stands for trailing - twelve months. Se
Slide 6: Transaction Furthers Reclaim the Flame Goals
Proprietary Information of Burger King Company LLC. TM and Copyright 2024 Burger King Company LLC 6 Transaction Furthers Reclaim the Flame Goals Burger King to invest approximately $500 million to fully modernize Carrols system by 2028 Accelerate pace of Carrols remodels from 45 planned in 2024 to 1
Slide 7: Appendix
Appendix
Slide 8: Non-GAAP Reconciliation: Net Income to Adjusted EBITDA
Proprietary Information of Burger King Company LLC. TM and Copyright 2024 Burger King Company LLC 8 1) Pre - opening costs include training, labor and occupancy costs incurred during the construction of new restaurants. 2) Executive transition, litigation and other professional expenses include exec
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