Outback Steakhouse Inc.

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International Guild of Hospitality & Restaurant Managers

Outback Steakhouse, Inc., incorporated in October 1987 as Multi-Venture Partners Inc., operates full-service restaurants under the Outback Steakhouse, Carrabba's Italian Grill, Fleming's Prime Steakhouse & Wine Bar, Roy 's and Bonefish Grill brand names. Outback Steakhouse has a menu that includes several cuts of freshly prepared, uniquely seasoned and seared steaks, plus prime rib, barbecued ribs, pork chops, chicken, seafood and pasta; Carrabba's Italian Grill menu includes Italian dishes, such as pasta, chicken, seafood and wood-fired pizza; Fleming's Prime Steakhouse and Wine Bar menu features prime cuts of beef, fresh seafood, pork, veal and chicken entrees; Roy's menu offers Hawaiian-fusion cuisine, and Bonefish Grill menu offers fresh oak-grilled fish and other seafood. As of December 31, 2001, the Company operated 667 domestic and 72 international Outback Steakhouse, 103 Carraba's Italian Grill, 11 Flemings Prime Steakhouse, 12 Roy's and four Bonefish Grill restaurants. In addition, Outback owned one Lee Roy Selmon's and one Zazarac restaurant under development.

In April 1993, the Company purchased a 50% interest in the cash flows of two Carrabba's Italian Grill restaurants located in Houston, Texas (the Original Restaurants), and entered into a 50-50 joint venture with the founders of Carrabba's to develop additional Carrabba's Italian Grill restaurants (Carrabba's). Carrabba's Italian Grill, Inc. (CIGI), formed in January 1995, obtained sole ownership of the Original Restaurants, and Outback obtained sole ownership of the Carrabba's concept and the four restaurants in Florida . The original 50-50 joint venture continues to develop restaurants in the State of Texas . The Company has sole right to develop restaurants outside of Texas , and will pay royalties to CIGI ranging from 1% to 1.5% of sales of Carrabba's restaurants opened after 1994.

Outback formed with Connerty International Inc. the Outback Steakhouse International, L.P. to franchise Outback Steakhouse restaurants internationally. In 1998, Outback Steakhouse International, L.P. began directly investing in Outback Steakhouse restaurants in certain markets internationally, as well as continuing to franchise restaurants. In June 1999, Outback, through its wholly owned subsidiary, OS Pacific, Inc., entered into an agreement with the founder of Roy 's Restaurants to develop and operate future Roy 's Restaurants worldwide. Roy 's Restaurants is an upscale casual restaurant featuring Hawaiian-Fusion cuisine. There were 13 domestic Roy 's Restaurants, as of December 31, 2001 , in which Outback does not have an economic interest.

In October 1999, the Company, through its wholly owned subsidiary, OS Prime, Inc., purchased three Fleming's Prime Steakhouse and Wine Bar (Fleming's) restaurants and agreed to purchase three additional Fleming's under development by the founders of Fleming's. In 2000, through its wholly owned subsidiary, OS Louisiana, Inc., Outback opened one Zazarac restaurant as a developmental format. Also, in 2000, through its wholly owned subsidiary, OS Southern, Inc., the Company opened one Lee Roy Selmon's (Selmon's) restaurant as a developmental format. In October 2001, Outback, through its wholly owned subsidiary, OS Sea, Inc., a Florida corporation, purchased the Bonefish Grill (Bonefish) restaurant operating system from the founders of Bonefish Grill. At the same time, the Company entered into an agreement to acquire an interest in three existing Bonefish Grill restaurants and to develop and operate additional Bonefish Grills.

Outback Steakhouse

The Outback Steakhouse menu includes several cuts of freshly prepared, seasoned and seared steaks, as well as prime rib, barbecued ribs, pork chops, chicken, seafood and pasta. The Company tests new menu items to replace slower-selling items and regularly upgrades ingredients and cooking methods to improve consistency of its food offerings. The menu also includes several specialty appetizers and desserts, together with full bar service featuring Australian beer and wine.

Carrabba's Italian Grill

The Carrabba's Italian Grill menu includes several types of Italian dishes, including pasta, chicken, seafood and wood-fired pizza. Outback tests new menu items to replace slower-selling items and regularly upgrades ingredients and cooking methods to improve quality and consistency of its food offerings. The menu also includes several specialty appetizers, desserts and coffees, together with full bar service featuring Italian wines and specialty drinks.

Fleming's Prime Steakhouse & Wine Bar

The Fleming's Prime Steakhouse and Wine Bar menu features prime cuts of beef, fresh seafood, as well as pork, veal and chicken entrees. Accompanying the entrees is an extensive assortment of freshly prepared salads and side dishes available a la carte. The menu also includes several specialty appetizers and desserts. In addition to full bar service, Fleming's offers a selection of over 100 wines available by the glass.

Roy 's

Roy 's menu offers Hawaiian-fusion cuisine, a blend of flavorful sauces and Asian spices, and features a variety of fish and seafood, beef, short ribs, pork, lamb and chicken. The menu also includes several specialty appetizers and desserts. Roy 's offers an upscale casual dining experience. One focal point of the restaurant is the exhibition kitchen finished in stainless steel and appointed with copper accents. Private dining rooms are available for private gatherings or corporate functions.

Bonefish Grill

The Bonefish Grill menu offers fresh oak-grilled fish and other seafood with a variety of freshly prepared sauces. In addition to seafood, the menu includes beef, pork and chicken entrees. The menu also includes several specialty appetizers. Bonefish Grill restaurants have hardwood floors, large booths and tables, and artwork inspired by Florida 's natural coastal setting.

Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly urged to obtain professional advice with qualified individuals or corporations for any investments of funds.