Meritage Hospitality

45 Ottawa Ave SW #600, Grand Rapids, MI 49503

Meritage Hospitality Group is one of the nation’s premier restaurant operators, with over 180 restaurants in operation in several states including Florida, Georgia, Michigan, North Carolina, South Carolina, Ohio, Oklahoma, and Virginia. Meritage is headquartered in Grand Rapids, Michigan, operating with a workforce of approximately 6,000 employees. The Company has approximately 5,706,173 (basic) common shares outstanding. The Company’s public filings can be viewed at www.otcqx.com, under the stock symbol MHGU, or the Company’s website www.meritagehospitality.com. In addition to owning Wendy’s Restaurants, Meritage Hospitality Group also owns and operates four Michigan-based Casual Dining concepts including Freighters Eatery & Taproom, Twisted Rooster, Crooked Goose, and our latest concept, Wheelhouse Kitchen & Cocktails.

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2.8

Overall Excellence Rating

Industry

Restaurant Companies

Category

Restaurants & Cafes

ESG/Ethical Impact

Customers were deeply concerned in 2022 as the steep surge in mortgage rates combined with inflation and economic uncertainty reduced housing affordability and led to higher cancellation rates In addition to lowering our home prices, we offered mortgage rate locks and rate buy-downs to our customers so that monthly payments remained attainable. We continued our commitment to build 100% ENERGY STAR® certified homes. We are honored to be recognized for our green mission and to receive the US Environmental Protection Agency’s (EPA) ENERGY STAR Partner of the Year, Market Leader Award for Certified Homes, and Indoor airPLUS Leader Award. We recognize that Meritage’s success not only rests on our hard-working employees, but also is highly dependent on our vendor partnerships Elevating to the level of CEO to CEO conversations, we kept open communication with vendors to navigate the unprecedented supply chain constraints that impacted the homebuilding industry in 2022 Further, 82% of our national vendors participated in our inaugural annual vendor ESG survey to allow us to establish a baseline in trade partner ESG data. We worked on sustainability for the planet. We continued designing our communities with xeriscaping or zeroscaping to reduce water consumption. In California, 100% of the homes delivered in 2022 included solar panels, which will generate 9 million kwh of electricity per year from renewable power We also spent $5 million to preserve citrus groves in southern California and enhance green spaces for the public We partnered with Arbor Day Foundation to host 17 events nationwide where employees and community members planted and/or distributed over 1,800 trees We supported those in need. We contributed $3.8 million in monetary and in-kind donations in 2022 Our teams built and donated three mortgage-free homes to veteran families in Houston, Nashville, and Tucson in partnership with Operation Homefront

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Awards Received

2023

Revenues

$626,000,000.00

Website Traffic

Employee Rating

3.8

Customer Rating

3.1

Company Size

10000+

ESG Risk Rating

3

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