Exhibit 99

 

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Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2016 Results

Oakville, Ontario – February 13, 2017 – Restaurant Brands International Inc. (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the full year and fourth quarter ended December 31, 2016.

Daniel Schwartz, Chief Executive Officer of Restaurant Brands International Inc. (“RBI”) commented, “We are pleased to report another year of solid results, with strong financial performance in the fourth quarter. Our continued focus on guest satisfaction and value creation for all of our stakeholders has resulted in accelerated restaurant development and continued system-wide sales growth at both of our iconic brands, TIM HORTONS® and BURGER KING®. We are excited about our progress this year and are committed to building on these results to achieve long-term sustainable growth.”

Full Year 2016 Highlights:

 

    RBI Total Revenues of $4,145.8 million versus $4,052.2 million in prior year

 

    RBI Net Income Attributable to Common Shareholders of $345.6 million versus $103.9 million in prior year

 

    RBI Diluted EPS of $1.45 versus $0.50 in prior year

 

    Tim Hortons (“TH”) comparable sales increased 2.5% and Burger King (“BK”) comparable sales increased 2.3% in constant currency

 

    Restaurant count increased 4.5% at TH and 4.9% at BK year-over-year

 

    System-wide sales grew 5.2% at TH and 7.8% at BK in constant currency

 

    RBI Adjusted EBITDA of $1,888.2 million was up 16.4% on an organic basis versus prior year results

 

    RBI Adjusted Diluted EPS of $1.58 was up 45.0% versus prior year results

 

    RBI declared dividends of $0.62 per common share and partnership exchangeable unit of Restaurant Brands International Limited Partnership in 2016, up 40.9% versus prior year declared dividends

Fourth Quarter 2016 Highlights:

 

    RBI Total Revenues of $1,111.4 million versus $1,057.0 million in prior year period

 

    RBI Net Income Attributable to Common Shareholders of $118.4 million versus $51.7 million in prior year period

 

    RBI Diluted EPS of $0.50 versus $0.25 in prior year period

 

    TH comparable sales increased 0.2% and BK comparable sales increased 2.8% in constant currency

 

    System-wide sales grew 2.4% at TH and 8.5% at BK in constant currency

 

    RBI Adjusted EBITDA of $512.4 million was up 16.4% on an organic basis versus prior year results

 

    RBI Adjusted Diluted EPS of $0.44 was up 37.5% versus prior year results


The following information was filed by Restaurant Brands International Inc. (QSR) on Monday, February 13, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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