Pizza Pizza Royalty Corp.Retail & Consumer Small Cap Forum - June 22, 2016

Forward-Looking Statement

¥ This presentation may contain forward-looking statements.

¥ Investors should be aware that any forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those disclosed here today.

¥ Investors are directed to the Company’s Annual Information Form for a full discussion of risks.

¥ Management does not intend to discuss any undisclosed material information today.

2

3

Curt Feltner Chief Financial Officer

4

Shareholders PZA

Pizza Pizza Royalty Corp.

(79.6%)

Pizza Pizza Royalty Limited Partnership

Pizza Pizza Limited (20.4%)

Organizational Structure

Licence and royalty agreements with Pizza Pizza Limited provide cash flow stability to investors, with limited operational risks.

• Publicly-traded shares outstanding 24.6M

• Fully Diluted shares 30,9M

• Pizza Pizza Limited’s ownership 20.4%

• Market Capitalization $435M

• Annualized, monthly dividend $0.856

• Recent yield 6.0%

• Credit facility matures April 2020 $47M

5PPRC, a high-yield dividend corporation.

Shareholder Information

$35M in Royalty Revenue6% of System Sales 9% of System Sales

Royalty Revenues — 2015

6

The private operating companypays a monthly royalty for use of the trademarks.

7Same store sales growth is the key driver of shareholder yield growth.

2015 Performance Highlights

¥ Royalty Pool System Sales $534 M

¥ SSSG 4.5%

¥ Dividend increased twice

¥ $4.9 million working capital reserve

¥ Adjusted earnings per share $0.895

¥ Dividends per share $0.8155

¥ Loan interest rate reduced 1.37%

¥ Pizza Pizza Limited converted 2.8 million equivalent shares to public shares

0

150

300

450

600

11 12 13 14 15

$534$505$491$482$468

8

($ millions)

Royalty revenues are based on top-line Royalty Pool Sales.

Royalty Pool System Sales

0%

2%

3%

5%

2011

20122013

20142015

4.5%

1.1%

2.1%2.7%2.6%

9

(%)

SSSG is the key driver of shareholder yield growth

Same Store Sales Growth

$0.000

$0.008

$0.016

$0.024

$0.032

$0.040

$0.048

$0.056

$0.064

$0.072

$0.080

Jan-11

May-12

Jan -13

Jun-13

Jan-14

Apr-15

Nov-15

Jun-16

$0.0713$0.0697

$0.0680$0.0667

$0.0650$0.0625

$0.0600$0.0584

2.7%

10

4.2%4.1%

2.6% 1.9% 2.5%

PPRC increased dividends six times in five years.

Dividend Growth2.4%

11

Pizza Pizza Limited

Business Fundamentals

¥ Canada’s #1 pizzeria

¥ Seasoned management team

¥ Strong & proven business model

¥ Powerful brands

¥ Geographic diversification

¥ Modernized restaurant chain

¥ Innovation leader since 1967

12Pizza Pizza Limited’s mandate is to grow and protect the brands.

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large pizza +3 coke!

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jalajalajalajalajalajalajalapeñopeñopeñopeñopeñopeñopeño pep pep pep peppersperspersperspers,

red red onioonioonioonions ans ans ans ans ans ans ans and

fierfiery hot sat sat sauce!uce!uce!

YOUR CHOICE OF ADD-ON:

5 PCS. FIERY RED HOT

CHICKEN WINGS or

8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JAL8 JALAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEñoAPEño popp popp popp popp popp popp popp popp popp popp popp popp popp popp popp popp popp popp popp popp poppersersersersersersersersersersersersersersersersersersersersersersersersersersersersersersersers

or 6 sauced & tossed

chicken bites.

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MegA MUNCH!

large pizza

+ 3 toppings

+10 pcs. chicken wings

+4 coke + 2 dips

2 medium pizzas

+2 toppings (on each)

+6 coke + 2 dips

2 medium pizzas2 medium um pizpizpizpizpizpizzaszaszaszaszaszaszaszaszas

score savings!

eachchch

$ 9999

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$18 99

5

pcs. fiery red hot

chicken wings!

8 jalapeño

poppers!

6

sauced & tossed

chicken bites!

upsize to

x-large$3

upsize to XL $3 upsize to LARGE

$5

0

200

400

600

800

06 07 08 09 10 11 12 13 14 15

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Traditional - Pizza Pizza Non-Traditional - Pizza Pizza Pizza 73

531

616640 671

695 694690 723

Number of Restaurants

13

732 739

TM

Sponsorships Special Events

Non-Traditional Partnerships Build Brand Awareness

Partnering with major sports arenas, entertainment venues and specialcommunity events provide marketing and business opportunities. 14

Non-Traditional Locations

Canada’s #1 Pizza Franchise

15Building a national presence outside our core

Alberta and Ontario markets.

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16

The Pizza 73 brand dominates the Alberta pizza market.

17

UPSIZE to large $5

PLENTY FOR

$20GIVE BACK TO

FORT MACwe will donate

$1 to Fort McMurray*

with every plenty for $20 sold!6 7

2 medium 2-topper pizzas 4 coke

Mega MEAL

$2999UPSIZE

to large$5

2 medium 2-topper pizzas+

+

+

+

8 chicken wings 4 coke4 bags of chips 2 dips

o large 55

4444+

++

++

$799MEDIUM1-topper pizza

$999LARGE1-topper pizza

WALK-IN SPECIAL6 7

$499pOUTINE GREEK

SALAD

funnel cake stix+ caramel dip

$599jalapeñO poppers

8 pc.

ADD-ON TO ANY ORDER!

ixdip

$699

$599

SIZZLEWITH OUR

SINGLES6 7

$1299

$1599

SRIRACHACREAMY GARLIC DIP

Pineapple, Chicken, Green Peppersand Sriracha Honey Garlic Sauce

75¢

choose from any of the following pizzas:

Any Veggie Hawaiian 2-Topper Pizza Feast

MINGLE SINGLES

sriracha chicken Donair Mini-Meatball pizza Pizza Feast

withour

MEDIUMPIZZA

LARGEPIZZA

SRIRACHACHICKEN PIZZA + 2 CANS OF COKE

SRIRACHACHICKEN PIZZA + 3 CANS OF COKE

$1099

8 Pcs8 8 8 8 PPPcPcs$829

great add on with yourgluten free

cheese pizza

Place your next order online:

www.pizza73.com

ALWAYS OPEN LATE!

ORDERING PIZZA 73 HAS NEVER BEEN

THIS EASY!

Pizza 73 App foriPhone & iPod Touch®!

*See www.pizza73.com for details on Fort McMurray donations. Some restrictions apply. Taxes and delivery extra. Offers valid until June 19, 2016. Offers subject to expire without notice. ®/TM Coca-Cola Ltd., used under license. Coke Zero is suitable for calorie reduced diets.

Apple, the Apple logo, iPhone, and iPod touch are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Registered trademarks of Pizza Pizza Royalty Limited Partnership, used under license. © Pizza 73 2016. 0018730

+DIP

OVENBAKED

GLUTEN

FREEBONELESS

WINGS

Til 3am Friday & Saturday

In Calgary call:

(40

3)

273-7373

MANY LOCATIONS OPEN FROM 11AM DAILY!

Product Innovation

18New product launches are key to sales building.

NEW! Trio

Italiano Pizza

& Chorizo Potato Pizza

18

Product Innovation

19New product offerings satisfy changes in consumer cravings.

• Raised without antibioticss

• 100% white chicken meat

• Sourced from Canadian faarms

NEW snack-sized sliders:

2 for $5

mini chicken sliders!NEW

mini chicken italiano slider $299

mini chicken sriracha slider $299

Product Quality

20Pizza Pizza’s R&D team source

the highest quality and freshest ingredients

Technological Innovation

21Partnering innovation with consumer convenience

leads to sales growth.

Social Responsibility

22Our fundraising events have raised over $2,000,000

for various charities including the Children’s Miracle Network.Our fundraising events have raised over $2 000 000

23

¥ Royalty Structure ¥ High-yield Dividend Corp ¥ Sales Growth History ¥ Exceptional Brand Recognition ¥ Stable Quick Service Industry ¥ Strong cash position

Advantages of PZA

24

Curt Feltner Pizza Pizza Limited Pizza Pizza Limited

Chief Financial Officer

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