Q3 Sales Announcement

NZX/ASX
25 October 2023


Q3 SALES ANNOUNCEMENT

Restaurant Brands New Zealand Limited (“RBD”) has today released its Q3 sales results.

FY23 Q3 Sales Results
RBD total sales for the third quarter to 30 September 2023 increased to $340.9 million. This was up
$18.8 million (+5.8%) over the equivalent period last year. This reflects ongoing recovery from the
impacts of the 2022 COVID-19 Omicron outbreak and the price increases that were implemented across
all markets.

Total year to date sales reached $981.1 million (an increase of 8.2% on the prior year). Total sales were
supported by the net inclusion of 5 new stores (to 377 stores in total) and the strengthening US dollar
since the equivalent period last year.

New Zealand
Third quarter sales for New Zealand were $148.0 million, up 7.6% in total and 5.0% on a same store
basis. Sales grew across all brands, largely driven by price increases and the easing of pandemic-
related trading constraints.

Total year to date sales were $420.4 million, an increase of 8.0% on the prior year and 5.6% on a same
store basis. Store numbers increased by two to 145 stores during the quarter with the opening of a
Carl’s Jr. in Hamilton and a Taco Bell in Otahuhu. In addition to the 145 company owned stores, the
business has 114 Pizza Hut stores run by independent franchisees (an increase of six stores from
December 2022).

Australia
Australia’s sales for the third quarter were $A74.1 million ($NZ80.1 million), an increase of 13.0% in
total on the prior year. Same store sales were up 8.0% (local currency). Mall and city store sales have
recovered to near pre-COVID-19 levels.

Total year to date sales were $A214.3 million ($NZ232.0 million). This is an increase of 13.8% on a
total basis on the prior year and 9.1% on a same store basis.

Store numbers remained constant at 85 stores during the quarter.

Hawaii
Sales for the third quarter in Hawaii were $US40.3 million ($NZ66.6 million), an increase of 0.9% on a
total basis, and up 5.7% on a same store basis (local currency).

Hawaii trading has solidified around the new highs achieved during last year and the new stores opened
in 2022 continued to produce strong trading results. Total year to date sales were $US119.6 million
($NZ193.6 million), an increase of 3.1% on a total basis and 3.7% on a same store basis.

Store numbers decreased by two during the quarter to 71 stores with the loss of the Pizza Hut and Taco
Bell stores in Lahaina during the large fire. These stores were fully insured and are planned to be rebuilt
in 2024.

California
California’s sales in the third quarter were $US27.9 million ($NZ46.2 million), a decrease of 1.8% on a
total basis and 3.3% on a same store basis (local currency).

RESTAURANT BRANDS NEW ZEALAND LIMITED

Same store sales have reduced on the prior year largely due to customers shifting to value-orientated
menu and promotional items.

Total year-to-date sales were $US83.4 million ($NZ135.1 million), a decrease of 1.0% on a total basis
and 3.6% on a same store basis.

Store numbers remained constant at 76 stores during the quarter.

For more information: investor@rbd.co.nz

Authorised by:
Arif Khan Julio Valdés
Group CEO
+64 9 525 8700
Group CFO
+64 9 525 8700





Ends

2023 ($000's )2022 ($000's )Change
Total Store Sales ($NZ)
Q3 2023 vs Q3 2022

New Zealand148,035 137,569 7.6%
Australia80,148 73,053 9.7%
Hawaii
66,562 65,141 2.2%
California46,200 46,427 (0.5%)
Total Store Sales340,945 322,190 5.8%
YTD 2023 vs YTD 2022
New Zealand420,352 389,385 8.0%
Australia232,042 206,526 12.4%
Hawaii
193,638 180,279 7.4%
California
135,064 130,889 3.2%
Total Store Sales981,096 907,080 8.2%
20232022Change
Same Store Sales
Q3 2023 vs Q3 2022
New Zealand
5.0% 2.2% 2.8%
Australia8.0% 10.4% (2.4%)
Hawaii5.7% 2.6% 3.1%
California
(3.3%)(3.3%)(0.0%)
YTD 2023 vs YTD 2022
New Zealand
5.6% 1.6% 4.0%
Australia9.1% 5.6% 3.5%
Hawaii3.7% 2.8% 0.9%
California
(3.6%)(3.1%)(0.5%)
RESTAURANT BRANDS NEW ZEALAND LIMITED
Quarterly Sales Report
Summary of Results for the 3rd Quarter (Q3)
(for the 3 months 01/07/23 to 30/09/23)

2023 ($000's )2022 ($000's )Change
Total Store Sales (Local Currency)
Q3 2023 vs Q3 2022
New Zealand ($NZ)
148,035 137,569 7.6%
Australia ($A)74,057 65,535 13.0%
Hawaii ($US)40,268 39,920 0.9%
California ($US)
27,942 28,464 (1.8%)
YTD 2023 vs YTD 2022
New Zealand ($NZ)
420,352 389,385 8.0%
Australia ($A)214,321 188,377 13.8%
Hawaii ($US)119,555 115,917 3.1%
California ($US)
83,393 84,273 (1.0%)
20232022Change
Number Of Stores Open At Quarter End
New Zealand
145 140 5
Australia85 82 3
Hawaii71 75 (4)
California
76 75 1
Total Stores377 372 5
Exchange Rates
- Blended $A:$NZ rate for Q30.924 0.897 0.027
- Blended $A:$NZ rate for YTD0.924 0.912 0.012
- Blended $US:$NZ rate for Q30.605 0.613 (0.008)
- Blended $US:$NZ rate for YTD0.617 0.643 (0.026)
Note: Som e s ales num bers for each of the divis ions m ay not aggregate in total due to rounding.
Summary of Results for the 3rd Quarter (Q3)
(for the 3 months 01/07/23 to 30/09/23)
RESTAURANT BRANDS NEW ZEALAND LIMITED
Quarterly Sales Report