As the world’s largest restaurant company, Yum! Brands, Inc. has over 39,000 restaurants in more than 130 countries and territories and more than 1 million associates worldwide. The Company's brands - KFC, Pizza Hut and Taco Bell– are the global leaders of the chicken, pizza and Mexican-style food categories.

Since their spin-off from PepsiCo in 1997, Yum! Brands has become a truly global company going from approximately 20 percent of profits coming from outside the U.S. to almost 70 percent in 2013. They’re a leader in international retail development, opening on average over five new restaurants per day outside the U.S. in 2012.

Yum! Brands has a portfolio of brands with leadership positions in China and other emerging markets, with a long runway for growth. They’re proud to be the worldwide leader in emerging markets with more than 14,000 restaurants, nearly twice as many as the nearest competition. With only 2 restaurants per million people in the top 10 emerging markets, compared to 58 restaurants per million in the U.S., they are on the ground floor of global growth.

Yum! Brands was founded in 1997 and is headquartered in Louisville, US

CEO

CEO, KFC

CEO, Taco Bell

President and Chief Financial Officer

VP, Finance and Corporate Controller

Yum! Brands has offices in Louisville, Plano and Irvine

Louisville, US (HQ)

1441 Gardiner Ln

Yum! Brands's revenue was reported to be $1.4 b in Q1, 2017

USD

## Revenue (Q1, 2017) | 1.4 b |

## EBIT (Q1, 2017) | 484 m |

## Market capitalization (15-Aug-2017) | 26.7 b |

## Cash (31-Mar-2017) | 525 m |

Yum! Brands's current market capitalization is $26.7 b.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 13.1 b | 13.3 b | 13.1 b | 6.4 b |

## Revenue growth, % | 1% | (1%) | (51%) | |

## General and administrative expense | 1.2 b | |||

## Operating expense total | 1.2 b | |||

## EBIT | 1.8 b | 1.6 b | 1.9 b | 1.6 b |

## EBIT margin, % | 14% | 12% | 15% | 26% |

## Interest expense | 247 m | 130 m | 134 m | 307 m |

## Pre tax profit | 1.6 b | 1.4 b | 1.8 b | 1.3 b |

## Income tax expense | 487 m | 406 m | 489 m | 324 m |

## Net Income | 1.1 b | 1.1 b | 1.3 b | 1.6 b |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 3.2 b | 3.4 b | 2.6 b | 3.1 b | 3.4 b | 2.6 b | 3 b | 3.3 b | 1.4 b |

## General and administrative expense | 352 m | 323 m | 295 m | 353 m | 328 m | 286 m | 365 m | 377 m | |

## Operating expense total | 352 m | 323 m | 295 m | 353 m | 328 m | 286 m | 365 m | 377 m | |

## EBIT | 479 m | 550 m | 506 m | 371 m | 603 m | 564 m | 491 m | 654 m | 484 m |

## EBIT margin, % | 15% | 16% | 19% | 12% | 18% | 22% | 16% | 20% | 34% |

## Interest expense | 29 m | 28 m | 34 m | 33 m | 32 m | 37 m | 40 m | 87 m | 109 m |

## Pre tax profit | 450 m | 522 m | 472 m | 338 m | 571 m | 527 m | 451 m | 567 m | 347 m |

## Income tax expense | 112 m | 119 m | 111 m | 102 m | 145 m | 132 m | 116 m | (65 m) | 67 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 573 m | 578 m | 737 m | 704 m |

## Inventories | 294 m | 301 m | 229 m | 36 m |

## Current Assets | 1.7 b | 1.6 b | 1.7 b | 1.5 b |

## PP&E | 4.5 b | 4.5 b | 4.2 b | 2.2 b |

## Goodwill | 889 m | 700 m | 656 m | 541 m |

## Total Assets | 8.7 b | 8.3 b | 8.1 b | 5.5 b |

## Accounts Payable | 1.9 b | 2 b | 2 b | 1.1 b |

## Total Debt | 3 b | 3.3 b | 4 b | 9.1 b |

## Current Liabilities | 2.3 b | 2.4 b | 3.1 b | 1.4 b |

## Total Liabilities | 11.1 b | |||

## Retained Earnings | 2.1 b | 1.7 b | 1.2 b | (5.2 b) |

## Total Equity | 2.2 b | 1.6 b | 969 m | (5.7 b) |

## Debt to Equity Ratio | 1.3 x | 2.1 x | 4.1 x | -1.6 x |

## Debt to Assets Ratio | 0.3 x | 0.4 x | 0.5 x | 1.7 x |

## Financial Leverage | 3.9 x | 5.2 x | 8.3 x | -1 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 597 m | 685 m | 675 m | 636 m | 861 m | 934 m | 795 m | 2.9 b | 525 m |

## Inventories | 282 m | 266 m | 276 m | 279 m | 230 m | 210 m | 255 m | 255 m | 34 m |

## Current Assets | 1.9 b | 2.1 b | 1.8 b | 1.7 b | 1.9 b | 2 b | 1.9 b | 4 b | 1.3 b |

## PP&E | 4.4 b | 4.5 b | 4.4 b | 4.4 b | 4.3 b | 4.1 b | 4.1 b | 4 b | 2.1 b |

## Goodwill | 875 m | 886 m | 684 m | 684 m | 674 m | 644 m | 649 m | 635 m | 539 m |

## Total Assets | 8.8 b | 9.2 b | 8.3 b | 8.3 b | 8.3 b | 8.2 b | 8.2 b | 10.4 b | 5.2 b |

## Accounts Payable | 1.8 b | 1.8 b | 1.8 b | 1.9 b | 1.8 b | 2.1 b | 2 b | 2.1 b | 972 m |

## Current Liabilities | 2.2 b | 2.1 b | 2.3 b | 2.7 b | 2.6 b | 4.6 b | 2.3 b | 2.3 b | 1.6 b |

## Retained Earnings | 2.3 b | 2.5 b | 2 b | 1.7 b | 2.1 b | 454 m | (123 m) | (1.6 b) | (5.4 b) |

## Total Equity | 2.3 b | 2.6 b | 1.8 b | 1.6 b | 1.9 b | 210 m | (331 m) | (1.8 b) | |

## Financial Leverage | 3.8 x | 3.6 x | 4.7 x | 5.1 x | 4.4 x | 39.1 x | -24.7 x | -5.7 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 1.1 b | 1.1 b | 1.3 b | 1.6 b |

## Depreciation and Amortization | 309 m | |||

## Cash From Operating Activities | 2.1 b | 2 b | 2.1 b | 1.2 b |

## Purchases of PP&E | (99 m) | (28 m) | (9 m) | |

## Cash From Investing Activities | (886 m) | (936 m) | (682 m) | (24 m) |

## Long-term Borrowings | (666 m) | (66 m) | (263 m) | (324 m) |

## Cash From Financing Activities | (1.5 b) | (1.1 b) | (1.3 b) | (677 m) |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Inventories | 279 m | 230 m | 210 m | 255 m | 255 m | 34 m |

## Accounts Payable | 1.9 b | 1.8 b | 2.1 b | 2 b | 2.1 b | 972 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 15.7 k |

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April 17, 2017

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March 31, 2017

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March 28, 2017

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March 28, 2017

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February 10, 2017

Pizza Hut is bleeding customers.
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