Restaurant Brands International Inc. · NYSE:QSR
Restaurant Brands International — Merger or Acquisition (November 2021)
12 slides from Restaurant Brands International's merger presentation, Nov 15, 2021
Slide 1: Acquires Firehouse Subs
Acquires Firehouse Subs November 15, 2021 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains certain forward-looking statements and information, which reflect management's current beliefs and expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements include statements
Slide 3: Welcoming Firehouse Subs to the RBI Family
Welcoming Firehouse Subs to the RBI Family Hamburgers Coffee & Baked Goods Chicken Sandwiches2 Since Acquired Since Acquired Since Acquired Since 1954 2010 1964 2014 1972 2017 1994 >18,900 >120 >5,100 >10 >3,600 >30 >1,200 3 Restaurants Markets1 Restaurants Markets1 Restaurants Markets1 Restaurants
Slide 4: Firehouse Subs Overview
Firehouse Subs Overview • Founded in 1994 by brothers and former firefighters Chris and Robin Sorensen • First location in Jacksonville, Florida, grown to ~1,200 locations across 46 states, Canada and Puerto Rico1 • Authentic and differentiated brand focused on providing the highest quality products
Slide 5: Investment Highlights
Investment Highlights Differentiated, purpose-driven brand High-quality menu offering frequently rated #1 in food quality in the QSR sandwich category Experienced leadership team with a demonstrated track record Strong Unit Economics with Compelling Paybacks Proven brand with significant unit growth
Slide 6: Differentiated, Purpose-Driven Brand
Differentiated, Purpose-Driven Brand Supporting local communities is core to Firehouse Subs' operating philosophy… • Portion of purchase at all US locations goes to Firehouse Subs Public Safety Foundation • $62.5mm granted to public safety organizations through or via the foundation since 2005 • Bra
Slide 7: #1 Rated Food Quality in QSR Sandwich Category
#1 Rated Food Quality in QSR Sandwich Category Flavorful, Premium Products Examples of Firehouse 'Branded' Subs • Hot and hearty subs piled high with the highest quality meats and cheeses • Consistent, best-selling items enhanced with innovative Hook & Ladder limited time offers • Specialty subs bal
Slide 8: Experienced Team with a Demonstrated Track Record
Experienced Team with a Demonstrated Track Record Chief Executive Officer, 2009-Present • A restaurant industry veteran with over 40 years of experience in the QSR and Fast Casual segments • In 1980, Don started a 23-year career with Burger King, with assignments in Field Operations and Research & D
Slide 9: Strong Unit Economics with Compelling Paybacks
Strong Unit Economics with Compelling Paybacks $1.1bn 2021E System-wide Sales 1,200+ 2021E Locations 97% franchised with strong family of small business owners ~3.5 Year Payback1 (1) Based on 2021 Company Restaurants (adjusted for royalties and marketing contribution) and average upfront investment
Slide 10: Proven Brand with Significant Growth Potential
Proven Brand with Significant Growth Potential Comparison to leading competitor in established RBI markets shows clear runway for growth Market Market USA 1,142 21,230 10,402 Germany — 653 744 Canada 47 2,940 4,519 UK — 2,211 538 China — 493 1,620 Mexico — 765 450 Brazil — 1,641 928 Australia — 1,22
Slide 11: Clear Digital Expansion Opportunities
Clear Digital Expansion Opportunities Existing Firehouse Subs Digital RBI Scale & Capabilities Mobile App and Loyalty Access to Global Scale and Digital Learnings • Rapid Rescue mobile order and pay • Significant and growing global technology team with top engineering talent • Firehouse Rewards loya
Slide 12: Transaction Overview
Transaction Overview Consideration and • $1 billion total enterprise value Funding • All-cash transaction funded with mix of cash on hand and debt • Expected to close in the coming months, subject to satisfaction of customary closing Timing conditions and regulatory approvals Team • Firehouse Subs w
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