McDonald's Corporation (NYSE:MCD) Q3 2022 Earnings Conference Call October 26, 2022 8:30 AM ET Company Participants Mike Cieplak - IR Chris Kempczinski - President and CEO Ian Borden - CFO Conference Call Participants John Glass - Morgan Stanley Dennis Geiger - UBS Eric Gonzalez - KeyBanc David Tarantino - Baird Lauren Silberman - Credit Suisse Jared Garber - Goldman Sachs Andrew Charles - Cowen Chris Carril - RBC Jeff Bernstein - Barclays John Ivankoe - JPMorgan Brian Bittner - Oppenheimer David Palmer - E ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-5231 McDONALD'S CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 36-2361282 (State or Other Jurisdi ...

McDonald's Corporation (NYSE:MCD) Q2 2022 Earnings Conference Call July 26, 2022 8:30 AM ET Company Participants Mike Cieplak - Investor Relations Officer Chris Kempczinski - President & Chief Executive Officer, Kevin Ozan - Chief Financial Officer Conference Call Participants David Tarantino - Baird John Glass - Morgan Stanley Andrew Charles - Cowen David Palmer - Evercore Dennis Geiger - UBS Lauren Silberman - Credit Suisse John Ivankoe - JPMorgan Jeff Bernstein - Barclays Sara Senatore - Bank of America ...

Summary of McDonald's Corporation Conference Call Company Overview - **Company**: McDonald's Corporation (NYSE: MCD) - **Participants**: Chris Kempczinski (President and CEO), Ian Borden (President, International), Mike Cieplak (VP, IR) [1][2] Core Industry Insights - **Competitive Position**: McDonald's competitive position is described as strong, with a focus on evolving strategies to regain market share lost to competitors [3][4] - **Strategic Evolution**: Transition from the "velocity growth plan" to "accelerating the arches" strategy, emphasizing marketing, core menu, and three key areas: digital, drive-thru, and delivery [4][5][6][7] Key Strategic Priorities - **Marketing**: Increased focus on marketing to connect with younger consumers and enhance brand relevance [6][7] - **Core Menu**: Represents 70% to 80% of business; emphasis on core offerings rather than line extensions [7] - **Digital Channels**: Significant opportunities identified in digital, drive-thru, and delivery channels, which are crucial for market share [7] Impact of External Factors - **Ukraine Invasion**: The conflict has led to operational pauses in Russia, with a commitment to pay employees during the transition. McDonald's has decided to exit the Russian market entirely due to operational and brand viability concerns [8][9][10][11] - **Consumer Sentiment**: Inflation and the proximity of the war in Ukraine are impacting consumer sentiment in Europe, creating headwinds for business [18][19][20] Financial Performance and Market Dynamics - **IOM Group Performance**: Strong recovery observed in the International Operating Markets (IOM), with a 20% comp growth in Q1 compared to 2019 levels [16][34] - **Inflation Management**: Higher inflation rates in Europe, particularly in energy costs, are affecting consumer spending. McDonald's is focused on maintaining value and affordability while managing pricing strategies [21][32][33] Digital Transformation and Customer Engagement - **Digital Sales Growth**: Digital sales account for over 30% of total sales globally, with loyalty programs being implemented across major markets [36][37] - **Customer Insights**: Enhanced data collection through loyalty programs will allow for better customer targeting and personalized marketing [39][40] Future Outlook - **Digital Opportunities**: Continued focus on digital transformation as a multi-year growth driver, with expectations for improved customer experience and operational efficiency [48][49] - **Alignment and Collaboration**: Emphasis on aligning strategies across international markets to leverage McDonald's scale and competitive advantage [47][48] Conclusion - McDonald's is navigating a complex landscape with a strong strategic focus on core offerings, digital transformation, and consumer engagement while managing external challenges such as inflation and geopolitical tensions. The company remains optimistic about its growth trajectory and operational resilience.

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-5231 McDONALD'S CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 36-2361282 (State or Other Jurisd ...

McDonald's Corporation (NYSE:MCD) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants Mike Cieplak - Investor Relations Officer Chris Kempczinski - President & Chief Executive Officer Kevin Ozan - Chief Financial Officer Conference Call Participants David Tarantino - Robert W. Baird David Palmer - Evercore Dennis Geiger - UBS John Glass - Morgan Stanley Andrew Charles - Cowen Eric Gonzalez - KeyBanc Lauren Silberman - Credit Suisse Jeff Bernstein - Barclays Sara Senatore - Bank ...

Summary of McDonald's Corporation Conference Call Company Overview - **Company**: McDonald's Corporation (NYSE:MCD) - **Industry**: Fast Food / Quick Service Restaurants - **Global Presence**: Over 40,000 restaurants worldwide, leading market share in key markets [1][2] Key Points and Arguments Temporary Closure in Russia - McDonald's announced the temporary closure of 850 restaurants in Russia due to the ongoing crisis, while continuing to pay over 60,000 employees [2][3] - Estimated costs related to this closure are approximately $15 million per month, equating to about $0.5 to $0.6 per share [3] Business Momentum and Growth Strategy - The U.S. business saw a record comp sales increase of approximately 14% in 2021, the highest on record [6] - The growth strategy, termed "Accelerating the Arches," focuses on three pillars: maximizing marketing, core menu emphasis, and enhancing delivery, drive-thru, and digital services [7][8] - Digital sales in top markets reached $18 billion in 2021, a 60% increase year-over-year [8] Post-COVID Opportunities - McDonald's believes it has inherent competitive advantages such as size, scale, and a strong drive-thru presence, which will aid in post-COVID recovery [11][12] - The company aims to enhance customer experience through a new Chief Customer Officer role [12][13] Staffing and Cost Inflation - Labor shortages are a challenge, but conditions are improving post-Omicron [21][22] - Commodity inflation was around 4% in 2021, expected to double in 2022, necessitating strategic pricing adjustments [22][23] - In 2021, prices were increased by approximately 6%, with a historical flow-through of 70% to 80% [23][24] International Market Performance - International markets are showing strong recovery, with some exceeding pre-COVID sales volumes [25][26] - Countries like the U.K., Canada, and Australia have demonstrated resilience, while others like France and Germany are still in recovery mode [27][28] Technology and Digital Strategy - Significant investments in technology have been made to unify tech stacks across markets, facilitating quicker deployment of initiatives like loyalty programs [31][32] - The loyalty program has been launched in over 40 markets, with over 30 million members in the U.S. alone [35][36] Delivery and Marketing Strategy - Delivery is available in over 33,000 restaurants globally, with significant growth during the pandemic [39][40] - Marketing strategies have evolved to focus on cultural relevance and digital engagement, enhancing brand connection with consumers [42][43] Breakfast Segment - Breakfast accounts for approximately 25% of U.S. sales, with double-digit comp growth observed in 2021 [47][49] - The focus will be on maintaining operational excellence and local value strategies in the breakfast segment [49] Unit Development and Financial Outlook - McDonald's targets a global net restaurant growth of about 3.5% for the year, with potential for further acceleration [50][51] - G&A expenses are projected to be 2.2% to 2.3% of sales, with expectations for operating margins to improve post-2022 as inflation eases [54][56] - Free cash flow grew nearly 25% from 2019 to over $7 billion in 2021, with a focus on reinvestment and shareholder returns [58][59] Additional Important Insights - The company is focused on maintaining a strong balance sheet and investment-grade credit rating while prioritizing dividends and share repurchases [59][60] - The ongoing commitment to customer experience and digital engagement is expected to drive long-term growth and customer loyalty [36][37]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-5231 McDONALD'S CORPORATION (Exact name of registrant as specified in its charter) Delaware 36-2361282 (State or other jurisdiction of incorporation ...

McDonald’s Corp (NYSE:MCD) Q4 2021 Earnings Conference Call January 27, 2022 8:30 AM ET Company Participants Mike Cieplak - Senior Director, IR Christopher Kempczinski - President, CEO & Director Kevin Ozan - Corporate EVP & CFO Conference Call Participants Andrew Charles - Cowen and Company David Tarantino - Robert W. Baird & Co. Eric Gonzalez - KeyBanc Capital Markets John Glass - Morgan Stanley Dennis Geiger - UBS Jared Garber - Goldman Sachs Group Jeffrey Bernstein - Barclays Bank David Palmer - Evercor ...