Nourish & Delight - Darden Restaurants

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Integration UpdateIntegration efforts are on track– <strong>Darden</strong>/RARE integration teams have detailed plans in placeIntroduced new organizational structure– Specialty Restaurant Group (The Capital Grille, Bahama Breezeand Seasons 52) led by Gene LeeFocused on significant transitions– Atlanta Support Center (July 2008)– Financial Systems (January 2008)– Supply Chain Phase I (May 2008), Phase II (November 2008)Similar cultures provide a strong platform for merger– Emphasis on delivering results, measuring performance– Strong company values such as integrity– Focused on the guest experience and the people who interactwith the guests
Estimated Cost Saving Synergies($ in Millions)FY08FY09FY10Cost of Goods (Supply Chain) $3 $16 $20G&A (Overhead, Corp Gov, etc.) $5 $14 $20Total $8 $30 $40
Page 10 and 11: Fiscal 2007 Q3 Results(Unaudited)FR
Page 12: Nourish & DelightE V E R Y O N E W

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