Ruth's Hospitality Group Investor Presentation — January 2019

Document content

GROUP ICR CONFERENCE 2019

This presentation contains “forw ard -looking statements” that reflect, w hen made, theCompany’s expectations orbeliefs concerning future events that involve

risks and uncertainties .Forw ard -looking statements frequently are identified bythew ords “believe,” “anticipate,” “expect,” “estimate,” “intend,” “project,”

“targeting,” “w ill be,” “w ill continue,” “w ill likely result,” orother similar w ords andphrases .Similarly, statements herein that describe theCompany’s objectives,

plans orgoals, including w ith respect tonew restaurant openings, strategy, financial outlook, capital expenditures, oureffective taxrate andtheexpected impact

andtiming ofintegration oftheHaw aii franchisee also areforw ard -looking statements .Actual results could differ materially from those projected, implied or

anticipated bytheCompany’s forw ard -looking statements .Some ofthefactors thatcould cause actual results todiffer include :reductions intheavailability of,or

increases inthecost of,USDA Prime grade beef, fishandother food items ;changes ineconomic conditions andgeneral trends ;theloss ofkeymanagement

personnel ;theeffect ofmarket volatility ontheCompany’s stock price ;health concerns about beef orother food products ;theeffect ofcompetition inthe

restaurant industry ;changes inconsumer preferences ordiscretionary spending ;labor shortages orincreases inlabor costs ;theimpact offederal, state orlocal

government regulations relating toCompany employees, thesale orpreparation offood, thesale ofalcoholic beverages and theopening ofnew restaurants ;

harmful actions taken bytheCompany’s franchisees ;amaterial failure, interruption orsecurity breach oftheCompany’s information technology netw ork ;repeal

orreduction ofthefederal FICA tipcredit ;theimpact ofrecent taxlegislation andaccounting policy changes ;unexpected expenses incurred asaresult ofthe

sale oftheMitchell’s Restaurants ;theCompany’s ability toprotect itsname and logo andother proprietary information ;animpairment inthefinancial statement

carrying value oftheCompany’s goodw ill, other intangible assets orproperty ;theimpact oflitigation ;therestrictions imposed bytheCompany’s Credit

Agreement ;changes in,orthediscontinuation of,the Company’s quarterly cash dividend payments orshare repurchase program ;unanticipated costs

associated w ith theHaw aii franchisee acquisition ;andtheCompany’s inability tosuccessfully integrate theHaw aii franchisee restaurants intoitsoperations .For

adiscussion ofthese andother risks anduncertainties thatcould cause actual results todiffer from those contained intheforw ard -looking statements, see“Risk

Factors” intheCompany’s Annual Report onForm 10-Kforthefiscal year ended December 31,2017 ,w hich isavailable ontheSEC’s w ebsite atwww .sec.gov.