Second Quarter 2017 Conference Call

A QUALITY IS OUR RECIPE ( Wendy's Image Activation 32% Year-End 2016 1.8% *Represents Total System Cumulative Reimages & New Builds and includes Franchise Reimages open or under construction 36% 4.1% Q2 2017 North America System wide Sales Growth 16.4% 2.5% -42% International Year-End 2017E THE WENDY'S COMPANY | 9 Q2 2016 Q2 2017 1.8% 4.6% 8/9/2017 Global *Excludes Venezuela; system wide sales growth THE WENDY'S COMPANY | 10 is calculated on a constant currency basis 5

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