#1Quality Is Our Recipe, LLC Tront Fourth Quarter 2022 Conference Call March 1, 2023#2Quality Is Our Recipe, LLC Front Kelsey Freed Director - Investor Relations#3Forward-Looking Statements and Non-GAAP Financial Measures This presentation, and certain information that management may discuss in connection with this presentation, contains certain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). For all such forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Reform Act. Many important factors could affect our future results and could cause those results to differ materially from those expressed in or implied by our forward-looking statements. Such factors include, but are not limited to, those identified under the caption "Forward-Looking Statements" in our release issued on March 1, 2023 and in the "Special Note Regarding Forward-Looking Statements and Projections" and "Risk Factors" sections of our most recent Form 10-K / Form 10-Qs. In addition, this presentation and certain information management may discuss in connection with this presentation reference non-GAAP financial measures (i.e. adjusted revenue, adjusted EBITDA, adjusted earnings per share, free cash flow and system wide sales). These non-GAAP financial measures exclude certain expenses and benefits. Reconciliations of non- GAAP financial measures to the most directly comparable GAAP financial measures are provided in the Appendix to this presentation. THE WENDY'S COMPANY | 3#4(9) n to Agenda Business Update 2022 Financial Results. 2023 & Long-Term Outlook IR Calendar Q&A THE WENDY'S COMPANY | 4#5Quality Is Our Recipe, LLC Front Todd Penegor President & Chief Executive Officer#6CEO Business Update 12th consecutive year of Global SRS growth Weekly US breakfast sales peaked at over $3,000 per restaurant in Q4 Global digital sales mix continued to expand, averaging over 10% in Q4 Opened >275 global restaurants and grew net units by 2.1% in 2022 Almost 300 bps improvement in Company-operated restaurant margin in Q4 vs. Q1 Expect long-term growth pillars to drive accelerated growth in 2023 and beyond Wendy's#712 Years of Global Same-Restaurant Sales Growth 3.7% 1.7% 3.2% 1.5% 2012 2013 3.1% 1.6% 2014 2nd Consecutive Year of Double Digit 2-Year Global SRS 4.8% 3.2% 4.7% 1.5% 3.6% 2.1% 3.1% 1.0% 2015 2016 2017 2018 1-year SRS ■2-year SRS 3.9% 2.9% 2019 4.1% 1.2% 2020 11.2% 10.0% 14.9% 4.9% 2021 2022 THE WENDY'S COMPANY | 7#8Quality Is Our Recipe, LLC Thonk Gunther Plosch Chief Financial Officer