RBI revises reportable segments to five brands plus International; moves to Adjusted Operating Income

Restaurant Brands International Limited Partnership

New segments: Tim Hortons, Burger King, Popeyes, Firehouse Subs (US & Canada) and International (all other markets).
Segment income metric changed from Adjusted EBITDA to Adjusted Operating Income (AOI), including D&A and share-based comp.
Historical unaudited data for Q1 2021–Q3 2023 provided to illustrate new segment structure.
New reporting effective with Q4 & FY 2023 results scheduled for February 13, 2024.
No restatement of previously reported consolidated financials; changes affect only segment allocation.

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