The information in this presentation contains certain forward-looking statements which reflect management’s expectations regarding future events and operating performance and speak only as of May 30, 2012. These forward-looking statements involve a number of risks and uncertainties. A list of the factors that could cause actual results to differ materially from those expressed in, or underlying our forward-looking statements is detailed in the Company’s filings with the SEC, such as its annual and quarterly reports. Access our SEC filings by going to: www.aboutmcdonalds.com/mcd/investors/sec_filings.html Our Web site also includes reconciliations of any non-GAAP financial measures we mention in our presentation to its corresponding GAAP measures. Those reconciliations may be found at www.investor.mcdonalds.com

Strategic Decisions Conference Sanford C. Bernstein

M A Y 3 0 , 2 0 1 2

Don THOMPSON President and COO McDonald’s Corporation

Global Comparable Sales

2011

Earnings per Share*

Operating Income* 10%

2011

11%

*In constant currencies

Total Shareholder Return 35%

Performing Stock – DJIA #1

2011

Operating Income*

Comparable Sales 7.3%

1Q 2012

9%

*In constant currencies

Earnings per Share* 8%

2012 April

Global Comparable Sales

Long-term Financial Targets

Systemwide Sales Growth* 3-5%

Operating Income Growth* 6-7%

ROIIC high teens

*In constant currencies

PEOPLE PRODUCT PLACE PRICE PROMOTION

Plan To Win

Franchisees

Suppliers

Employees

4,800 Franchisees

80% of Restaurants

Potato Supplier Saddle View Farms

33,500 restaurants worldwide

$85 billion systemwide sales

Global Priorities

Optimizing Our Menu

Broadening Accessibility

Modernizing the Experience

Learn Share Scale

Beef

Chick

en

Brea

kfast

1,300 new restaurants in 2012

Return on Invested Capital*

17.6%

19.6%

20.9%

21.9%

22.9%

2007 2008 2009 2010 2011

*Op income (excl. impairment and other charges) plus depreciation and amortization divided by adjusted average gross assets.

23%

TTM March 31, 2012

Return on Invested Capital*

23.5% 23.9% 24.6%

25.6% 26.5%

17.5%

19.9% 20.7%

21.9% 22.8%

15.5% 18.5%

21.3% 22.9%

24.0%

2007 2008 2009 2010 2011

* Op income (excl. impairment and other charges) plus depreciation and amortization divided by adjusted average gross assets.

U.S.

APMEA Europe

Return on Incremental Invested Capital*

Ending March 2012 1-Yr ROIIC 3-Yr ROIIC

McDonald’s Corp 35.7% 36.9%

U.S. 55.7% 42.7%

Europe 28.2% 33.0%

APMEA 31.1% 41.1% * Incremental operating income (excluding impairment and other charges) plus depreciation

and amortization divided by adjusted cash used for investing activities at constant rates.

1Q 2012

Returned to Shareholders

$1.5 Billion

Annualized Dividend/Share

$1.50 $2.00 $2.20

$2.44 $2.80

2007 2008* 2009* 2010* 2011**Represents the fourth quarter quarterly dividend amount per share on an annualized basis

0

100

200

300

400

500

600

700

800

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Source: S&P Capital IQ

McDonald’s 25.7%

S&P 500

Inde

xed

Wea

lth C

reat

ion

6.0%

Total Shareholder Return Since the Plan to Win

Dow Jones 6.8%