Restaurant Brands International — May 6, 2026 release

This plan includes investing up to $700 million through year-end 2028, comprised of advertising and digital investments (which were completed in 2024) and high-quality remodels and relocations, restaurant technology, kitchen equipment, and building enhancements ("Royal Reset"). As of March 31, 2026, we have funded $189 million out of up to $550 million planned toward the Royal Reset investments. First Quarter 2026 Results The increase in Total revenues was primarily driven by the increase in System-wide Sales, partially offset by the net impact of refranchisings. The increase in Adjusted Operating Income was primarily driven by the increase in System-wide Sales and a decrease in Segment G&A primarily due to lower compensation-related expenses. 4 PLK Segment Results Three Months Ended March 31, (in US$ millions, unaudited) 2026 2025 System-wide Sales Growth (3.9) % (2.4) % System-wide Sales $ 1,421  $ 1,475  Comparable Sales (6.5) % (4.0) % Comparable Sales - US (6.5) % (4.0) % Net Restaurant Growth 1.2  % 3.0  % System Restaurant Count at Period End 3,559  3,516  Company restaurant sales $ 44  $ 46  Franchise and property revenues $ 74  $ 78  Advertising revenues and other services $ 72  $ 69  Total revenues $ 190   $ 194   Company restaurant expenses $ 38  $ 39  Segment F&P expenses $ 3  $ 2  Advertising expenses and other services $ 74  $ 72  Segment G&A $ 18  $ 21  Adjusted Operating Income $ 57   $ 60   The decrease in Total revenues was primarily driven by the decline in System-wide Sales. The decrease in Adjusted Operating