Arcos Dorados : ARCO 2023 Virtual Investor Update

Webcast Instructions

To better view the presentation, scroll over the top left-hand corner of the screen and click on the arrows to maximize the slides

2

Safe Harbor Statement

This presentation contains forward-looking statements that represent our beliefs, projections and predictions about future events or our future performance. Forward-looking statements can be identified by terminology such as "may," "will," "would," "could," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" or the negative of these terms or other similar expressions or phrases. These forward-looking statements are necessarily subjective and involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements or industry results to differ materially from any future results, performance or achievement described in or implied by such statements.

The forward-looking statements contained herein include statements about the Company's business prospects, its ability to attract customers, its affordable platform, its expectation for revenue generation and its outlook. These statements are subject to the general risks inherent in Arcos Dorados' business. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Arcos Dorados' business and operations involve numerous risks and uncertainties, many of which are beyond the control of Arcos Dorados, which could result in Arcos Dorados' expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of Arcos Dorados. Additional information relating to the uncertainties affecting Arcos Dorados' business is contained in its filings with the Securities and Exchange Commission.

The forward-looking statements are made only as of the date hereof, and Arcos Dorados does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events.

3

Agenda

1

2

3

4

Recipe for the Future

• ESG Leadership in Latin America and the Caribbean
• Supporting our Communities

Business Update

• 4Q22 Systemwide Comparable Sales
• 4Q22 Adjusted EBITDA
• 2023 Openings and Investment Plan

3D's Strategy

• Digital
• Delivery
• Drive-thru

Capturing the Long-Term Growth Potential

• Development Process
• Market Potential & Post-Pandemic World
• Expansion Strategy to Capture the Potential

4

1

Recipe for the Future

Woods Staton

Executive Chairman

Gabriel Serber

VP Social Commitment and Sustainable Development