Table of Contents
“Not Your Ordinary Restaurant Company”
Information herein is as of 2/1/05
Today’s Discussion
Not Your Ordinary Restaurant Company
YUM! — Track Record of Performance
Strong Cash Flow & High ROIC
FOCUSED on High ROIC
Significant Cash Generation
Increasing Cash Returned to Shareholders
Annual EPS Growth Framework — At Least +10%
YUM! — Unique Restaurant Industry Growth Model
Not Your Ordinary Restaurant Company
Not Your Ordinary Restaurant Company
YUM! China Division — 2004
YUM! China Division — Rapid Growth
China Market ? Two Power Brands
China Market Growth — Here’s Why
China Market Dominance
Distribution System Enables Rapid Growth
China Market Developing Concepts
Someday . . .
Not Your Ordinary Restaurant Company
YUM! International Division Growth — Here’s Why
Only Two True International Restaurant Players
KFC Restaurants Around the World
Pizza Hut Restaurants Around the World
YUM! International Division — High-Return Growth
YUM! International Division — Success Factors
YUM! International Division — High Returns
International Expansion Potential: Significant
Not Your Ordinary Restaurant Company
Consistent Steady Improvement in U.S.A.
Steady Improvement in U.S. Restaurant Operations
Why “Run Great Restaurants” Is So Important
Not Your Ordinary Restaurant Company
U.S. Multibrand Expansion Continues
Changing the Development Game in the U.S.A.
U.S. Multibrand Development Plan
Taco Bell/Long John Silver’s Restaurants
Pizza Hut/WingStreet Multibrand Restaurants
Pizza Hut/Italian Bistro Restaurants
Long John Silver’s/A&W Restaurants
Key Multibrand Measures
Plans in Place for Enduring Growth
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