Restaurant Brands International — Feb 12, 2025 release

For the year-to-date ended December 31, 2024, Advertising Expenses and Other Services include intersegment expenses with BK related to advertising contributions and tech fees of $47 million. 8 Declaration of Dividend The RBI board of directors has declared a dividend of $0.62 per common share and partnership exchangeable unit of RBI LP for the first quarter of 2025. The dividend will be payable on April 4, 2025 to shareholders and unitholders of record at the close of business on March 21, 2025. In connection with the declared dividend, RBI also announced that it is targeting a total of $2.48 in dividends per common share and partnership exchangeable unit of RBI LP for 2025. 2025 Financial Guidance For 2025, RBI expects: • Segment G&A (excluding RH) for 2025 between $650 million and $670 million; • RH Segment G&A for 2025 of approximately $100 million; • Adjusted Interest Expense, net between $500 million and $520 million; and • Consolidated capital expenditures, tenant inducements and incentives (including RH) between $400 million and $450 million. Long-Term Algorithm On February 15, 2024, RBI announced the following long-term consolidated performance that the Company expects to achieve, on average, from 2024 to 2028: • 3%+ Comparable Sales; • 5%+ Net Restaurant Growth; • 8%+ System-wide Sales growth; and • Adjusted Operating Income growth at least as fast as system-wide sales growth. Net Restaurant Growth expectations may be reassessed following a resolution of the ongoing situation with the Burger K