Restaurant Brands International Inc

NYSE:QSRUnited StatesView on Canadian Exchange

assets 4,418 - 4,418 643 Loss on disposal of property and equipment 896 - 896 130 Changes in fair value of convertible notes 14,272 - 14,272 2,078 Changes in fair value of warrant liabilities 58,184 - 58,184 8,472 Changes in fair value of ESA derivative liabilities (32,523) - (32,523) (4,736) Adjusted Net loss (117,103) - (117,103) (17,053) Adjusted Net loss Margin -34.8% -34.8% -34.8% E. Adjusted basic and diluted net loss per Ordinary Share For the three months ended March 31, 2024 ---------------------------------------------------------------- Tims Popeyes Total --------------- --------------- ------------------------------ RMB RMB RMB US$ --------------- --------------- ------------- --------------- Net Loss attributable to shareholders of the Company (135,906) (8,139) (144,045) (19,950) Adjusted for: Store pre-opening expenses 4,952 542 5,494 761 Share-based compensation expenses 1,014 - 1,014 140 Impairment losses of long-lived assets 18,965 - 18,965 2,627 Impairment losses of rental deposits 2,457 - 2,457 340 One-off expense of store closure 2,265 - 2,265 314 Loss on disposal of property and equipment 2,004 - 2,004 278 Changes in fair value of Deferred Contingent consideration 2,130 - 2,130 295 Changes in fair value of convertible notes 10,651 - 10,651 1,475 Adjusted Net loss attributable to shareholders of the Company (91,468) (7,597) (99,065) (13,720) Weighted average shares outstanding used in calculating basic and diluted loss per share 160,633,868 160,633,868 160,633,868 160,633,868 Adjusted basic and diluted net loss per Ordinary Share (0.57) (0.05) (0.62) (0.09) For the three months ended March 31, 2023 ---------------------------------------------------------------- Tims Popeyes Total --------------- --------------- ------------------------------ RMB RMB RMB US$ --------------- --------------- ------------- --------------- Net Loss attributable to shareholders of the Company (174,884) - (174,884) (25,465) Adjusted for: Store pre-opening expenses 8,940 - 8,940 1,302 Share-based compensation expenses 3,161 - 3,161 460 Impairment losses of long-lived assets 4,418 - 4,418 643 Loss on disposal of property and equipment 896 - 896 130 Changes in fair value of convertible notes 14,272 - 14,272 2,078 Changes in fair value of warrant liabilities 58,184 - 58,184 8,472 Changes in fair value of ESA derivative liabilities (32,523) - (32,523) (4,736) Adjusted Net loss attributable to shareholders of the Company (117,536) - (117,536) (17,116) Weighted average shares outstanding used in calculating basic and diluted loss per share 139,612,628 - 139,612,628 139,612,628 Adjusted basic and diluted net loss per Ordinary Share (0.84) - (0.84) (0.12)

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Shares of Restaurant Brands International Inc. QSR inched 0.16% higher to C$95.70 Tuesday, in what proved to be an otherwise all-around down trading session for the Canadian market, with the S&P/TSX Composite Index falling 0.63% to 21,978.18. Restaurant Brands International Inc. closed C$16.42 short of its 52-week high (C$112.12), which the company achieved on March 13th. Trading volume of 654,840 shares eclipsed its 50-day average volume of 593,654.