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(1) “System Sales” is a non-IFRS financial measure of A&W Food Services of Canada Inc. and is reported in respect of all A&W restaurants. Refer to the “Selected Information" section of Food Services’ Report to Unitholders of A&W Revenue Royalties Income Fund for the year ended December 31, 2023 (the “2023 Report to Unitholders”) for a reconciliation of System Sales to Revenue from Corporate Restaurants, the most comparable IFRS measure, and the “Non-IFRS Measures” section of 2023 Report to Unitholders for further details on how System Sales is calculated and used to assess Food Service's performance. View the 2023 Report to Unitholders.