YUM! China Division — 2004

• $205 million Operating Profit (+39% 5-year CAGR)

  • 15% of YUM! Operating Profit 

• 1,905 System Restaurants (+18% 5-year CAGR)

  • 1,657 KFCs
  • 246 Pizza Huts
  • 2 Other Brands
    

• Three Countries: Mainland China, Thailand, KFC Taiwan

  • 66% Company Ownership
  • 24% Joint-Venture Ownership
  • 10% Franchise

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