Tim Hortons 2009 Annual Report

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Market facts

We are the fourth largest publicly-traded North American rest

aurant chain based on market capitalization and the largest in Canada

More than 40% of our Canadian customers visit us 4 times or more each week

Approximately 4 out of every 10 visits to a Canadian quick service restaurant are to a Tim Hortons

In Canada, we have the #1 market share in the breakfast daypart and snacking dayparts and a strong #2 share in the lunch daypart

Tim Hortons has 3,578 restaurants as of January 3, 2010, including 3,015 in Canada and 563 in the United States

Source: NPD Group (All data for 12 months ended November 2009) and company information

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