McDonald's Corporation

- The transcript does not mention any current or planned new fundraising through debt or equity. - There is no discussion about issuing new shares, raising capital, or taking on new debt. - The focus of the conversation is on operational performance, digital engagement, loyalty programs, market recovery, and strategic initiatives. - Financial details related to investments indicate ongoing spending on technology and remodeling but no mention of new fundraising activities. - Executive comments focus on growth, consumer trends, labor costs, and market recovery rather than capital raising.

- McDonald's is making significant technology investments globally to upgrade its underlying tech stack, enabling faster deployment of digital initiatives like loyalty programs across multiple markets simultaneously (Pages 5-6). - There are plans to roll out loyalty programs in key markets, including the U.S., Germany, and Canada, building on pilots and existing programs in France and China (Page 5). - The U.S. business has nearly completed a large remodel program, with most restaurants modernized, setting the stage for multi-year growth similar to strong international markets (Page 6). - Continued investments in digital ordering, drive-thru, and delivery capabilities to enhance consumer experience and operational efficiency (Page 4). - Investment in marketing and brand-building activities, like celebrity collaborations (Travis Scott, J Balvin, BTS) to drive digital engagement and consumer retention (Page 7). - Focus on sustaining and supporting the chicken product portfolio with long-term media weight and franchisee alignment (Page 6).

- Global comp sales and revenues for Q1 surpassed pre-pandemic Q1 2019 levels, driven mainly by the U.S. segment. - U.S. business is expected to continue outperforming 2019 sales with two-year comp sales growth in Q2 aligned with Q1. - International Operated Markets (IOM) segment sales are still below pre-COVID levels but expected to recover mostly in the second half of the year as restrictions ease. - Full year systemwide sales growth is now expected in the mid-teens percentage range in constant currencies. - China and Japan continue strong comp sales growth supported by core, value, and family promotions. - Digital sales growth, delivery, and drive-thru improvements are material contributors to revenue growth. - Loyalty program launches (e.g., My McDonald’s Rewards) anticipated to drive further customer engagement and repeat visits, supporting sustained volume gains. - Continued investment in core menu and chicken platform expected to enhance customer visits and sales over the remainder of the year.

- Full-year systemwide sales growth expected in the mid-teens in constant currencies, driven by strong start in Q1 and ongoing recovery. - Adjusted earnings per share (EPS) in Q1 was $1.92, up 27% in constant currencies. - Adjusted operating margin at 41.9% in Q1, reflecting improvements in income and lower G&A costs YoY. - Company-operated margins in the U.S. remain strong but expected to moderate as dining rooms reopen and check growth tempers. - IOM segment margins improving but full recovery to pre-COVID margins expected over longer term as sales normalize. - G&A expenses expected to be about 2.4% of systemwide sales for full year, with higher incentive comp due to strong performance. - Effective tax rate projected in 21%-23% range for the full year. - Foreign exchange expected to benefit EPS modestly throughout the year. - Overall confidence in sustained business growth driven by Accelerating the Arches strategy and digital investments.

The provided transcript does not contain specific information regarding McDonald's current or expected orderbook or pending orders. The discussed topics focus primarily on: - Digital consumer engagement and successful marketing campaigns (e.g., Famous Orders with Travis Scott, J Balvin, BTS). - U.S. business performance including strong comp sales growth. - Strategic initiatives like loyalty program rollouts in the U.S. and Germany. - Investments in technology to improve customer experience. - Market recovery outlook in various regions. No explicit data on order backlog, orderbook size, or pending orders is mentioned on page 7 or adjacent pages.