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Yum! Brands, Inc. (NYS: YUM)

General Company InformationPrincipal Office Website

1441 Gardiner Lane Louisville, KY 4 www.yum.com

Phone Primary NAICS

502 874-8300 722211 : Limited-Service Restaurants

Fax Closing Stock Price

502 874-8790 71.48 (as of 09/09/2013)

Auditor Incorporated

KPMG LLP 1997 , NC, United States

Number of Employees Mergent Dividend Achiever

523,000 (Year End Average Staff as oNo

Country Number of Shareholders

United States 65,133 (as of 02/12/2013)

Exchange and Ticker Annual Meeting

NYS : YUM In May

Primary SIC

5812 : Eating places

Business SummaryYum! Brands is a service restaurant company. Through the three concepts of KFC, Pizza Hut and Taco Bell, Co. develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of food items. Co.'s

business consists of six operating segments: YUM Restaurants China, which includes mainland China; YUM Restaurants International, which includes the remainder of Co.'s international operations; the U.S., which consists of Taco Bell U.S., KFC U.S., and

Pizza Hut U.S.; and YUM Restaurants India, which includes India, Bangladesh, Mauritius, Nepal and Sri Lanka. As of Dec 29 2012, Co. had about 39,000 units in more than 125 countries and territories.

Company Details

Pricing Summary

Time Period: 1 week

Yesterday 5 Days 30 Days

Close 71.48 69.84 74.4

Volume 3,323,516. 2,633,502. N/A

52 Week High/Low : 74.82 - 62.08

% Price Change (100 Days) : 5.51

200-Day Moving Avg. : 69.85

Company News3:09PM, 10 September 2013 - McDonalds (MCD) And KFC (YUM) See China Sales Fall: Why Is One Beating The Other?

- Teknowledge - International Business Times

- Bizjournals

- PolicyShop

- courier-journal

- TheStreet.com

- China Economic Net

- Business Standard

- Resturant News

- Wall St. Cheat Sheet

- Forbes

Corporate Events

1:48PM, 10 September 2013 - KFC Yum Center hosts just one concert in July, posts operating loss

11:03AM, 10 September 2013 - Inequality's Threat to Our Fiscal Future

8:45AM, 10 September 2013 - Smaller KFC Yum! Center arena tax district could raise more revenue

6:28AM, 10 September 2013 - Fast-Food Workers Are Right: Raise the Minimum Wage

4:21AM, 10 September 2013 - Yum! Brand sees same-store sales continue to fall

2:57PM, 9 September 2013 - Are store additions by food retail chains sustainable?

2:52PM, 9 September 2013 - Yum China's August same-store sales below expectations

2:14PM, 9 September 2013 - Analysts: Yum May be Struggling in China and 3 Other Research Notes to Look Over

6:04PM, 8 September 2013 - Slumping Retail Sales Suggest China Is Tipping Into Recession

Earnings Announcement Data - October 08 2013

: On Oct. 8 2013, Co. announced its 3rd quarter earnings after market (tentative).


: On Oct. 8 2013, Co. announced its 3rd quarter earnings after market (verified).


Key ExecutivesDavid Novak Age Salary

Chairman,Chief Executive Officer 60 1,450,000

Jing-Shyh Su Age Salary

Vice-Chairman,Division Officer 60 1,088,462

Richard Carucci Age Salary

President 56 877,692

Christian Campbell Age Salary

Senior Vice President,Chief Franchise62 509,231

Jonathan Blum Age

Senior Vice President 54

Key Financials(In USD as of 06/15/2013)

Income Statement

Revenue 13,161m

Net Income 1,426m

EPS from Continuing Operations 3.06

EPS - Net Income - Diluted 3.06

Revenue per Share 28.99

Balance Sheet

Total Assets 8,764m

Total Liabilities 6,541m

Shareholders' Equity 2,223m

: On Oct. 9 2013, Co. announced its 3rd quarter earnings after market (inferred).



Earnings Announcement Data - July 10 2013

: On July 10 2013, Co. announced its 2nd quarter earnings after market (tentative).


: On July 10 2013, Co. announced its 2nd quarter earnings after market (verified).

Conference Call Announcements - July 11 2013

: On July 11 2013, Co. scheduled a conference call at 9:15 am.

Total Assets per Share 19.61

Net Assets per Share 4.97

Cash Flows

Cash from Operations 2,099m

Cash from Investing -819m

Cash from Financing -1,764m

Capital Expenditures 1,165m

Cash Flow per Share 4.52

Financial Highlights

Income Statement

Total Revenue 13,633,000

EBITDA 2,876,000

Operating Income 2,095,000

Net Income 1,597,000

Revenue per Share 29.65

EPS from Continuing Operations 3.38

EPS - Net Income - Diluted 3.38

Share Outstanding 451,000

Weighted Average Shares Outstanding - Diluted 461,000

Weighted Average Shares Outstanding - Basic 473,000

Earnings per Share - Basic 3.46

Balance Sheet

Total Assets 9,011,000

Current Assets 1,909,000

Total Liabilities 6,798,000

Long Term Debt 2,932,000

Stockholders' Equity 2,154,000

Total Assets per Share 19.98

Current Liabilities 2,188,000

Net Assets per Share 4.91

Cash Flow Statement

Cash from Operations 2,294,000

Cash from Investing (1,005,000)

Cash from Financing (1,716,000)

Financial Highlights as of 12/29/2012 in USD

(In Thousan

ds)

(In Thousan

ds)

(In Thousan

ds)

Capital Expenditures 1,099,000

Cash Flow per Share 4.85

Cash & Cash Equivalents, Beginning of Year 1,198,000

Cash & Cash Equivalents, End of Year 776,000

Market Cap(mil) 31,896

Share Outstanding(000's) 446,225

PE Ratio 23.3595

Dividend Per Share(TTM) 1.34

Earning Per Share(TTM) 3.12

Last Closing Price 71.48

Previous Trading Day Range 70.14 - 71.71

52 Week Range 62.08 - 74.82

7 Day Average Closing Price 70.11



Beta 0.9

High Price Last 3 Mos. 74.82

Low Price Last 3 Mos. 68.1

Avg Daily Volume Last 3 Mos. 2,619,424.92

Management Effectiveness

Revenue per Employee 26,139.00

Net Income per Employee 3,062.00

ROA % (Net) 17.95

ROE % (Net) 80.53

ROI % (Operating) 41.05

Profitability Ratios

Gross Margin 27.73

Operating Margin 15.37

EBITDA Margin % 21.1

Calculated Tax Rate % 25.6

Profit Margin (TTM) 11.71

Valuation Ratios

Price/Earnings (TTM) 18.65

Price/Book (TTM) 13.19

Price/Cash Flow(TTM) 12.97

Asset Management

Total Asset Turnover 1.53

Receivables Turnover 46.58

Inventory Turnover 33.62

Property Plant & Equip Turnover 3.3

Cash & Equivalents Turnover 13.85

Debt Management

Interest Coverage 14.06

Stock Price and Valuation (Data as of 09/09/2013)

Long Term Debt/Equity 1.36

Long Term Debt as % of Invested Capital 57.54

Total Debt/Equity 1.37

Accounts Payable Turnover 19.59

Accrued Expenses Turnover 14.26

Liquidity Indicators

Quick Ratio 0.49

Current Ratio 0.87

Net Current Assets as % of Total Assets (3.10)

Free Cash Flow per Share 2.6

Revenue to Assets 1.51

Consensus Estimates 2013Ae 2013Q3e 2013Q4e

Earnings Per Share 3.06 0.93 0.87

Revenue 13,413.00 3,517.00 4,438.17

EBITDA 2,717.00 771 806

Property

Co. owns its principal executive offices in Louisville, KY.

As of Dec. 29, 2012, Co.'s restaurant concepts, consisting of KFC, Pizza Hut and Taco Bell, owned nearly 900 units and leased land, building or both for nearly 6,700 units worldwide. These units are further detailed as follows: Co.'s China Division

leased land, building or both in more than 4,500 units; Co.'s International Division (YRI) owned more than 100 units and leased land, building or both in more than 1,000 units; Co.'s U.S. Division owned more than 700 units and leased land, building or

both in more than 1,000 units; and Co.'s India Division leased land, building or both in more than 100 units.

Co.'s China Division leases their corporate headquarters and research facilities in Shanghai, China. The Pizza Hut U.S. and YRI corporate headquarters and a research facility in Plano, TX are owned by Pizza Hut. Taco Bell leases its corporate

Principal Executive Offices

1441 Gardiner Lane

Louisville, KY 40213

United States

SubsidiariesSUBSIDIARY NAME COUNTRY

Subsidiaries

Subsidiaries

ABR Insurance Company 100% United States

A.C.N. 002 543 286 Pty. Ltd. 100% Australia









A.C.N.010 355 772 Pty. Ltd. 100% Australia



A.C.N. 085 239 961 Pty. Ltd. (SA1) 100% Australia

A.C.N. 085 239 998 Pty. Ltd. (SA2) 100% Australia


Ashton Fried Chicken Pty. Ltd. 100% Australia

Baotou Little Sheep Jingchen Catering 100% China (Peoples Rep. Of)

Baotou Little Sheep Mutton Co., Ltd 100% China (Peoples Rep. Of)

Baotou Little Sheep Shenhua Caterin 100% China (Peoples Rep. Of)

Baotou Yangwang Farming Company L 100% China (Peoples Rep. Of)

Bazhou Jianxin Little Sheep Catering 100% China (Peoples Rep. Of)

Bazhou Little Sheep Catering Co, Ltd. 100% China (Peoples Rep. Of)

Beijing KFC Co., Ltd. 100% China (Peoples Rep. Of)

Beijing Pizza Hut Co., Ltd. 100% China (Peoples Rep. Of)

Beijing Yizhuang Little Sheep Catering 100% China (Peoples Rep. Of)

headquarters and research facility in Irvine, CA. The KFC U.S. and a research facility in Louisville, KY are owned by the Co. In addition, Co. leases office facilities for the U.S. Division shared service center in Louisville, KY.

PERCENT

OWNED

Beijing Zhichun Road Little Sheep Cate 100% China (Peoples Rep. Of)

BengBu NanShan Little Sheep Caterin 100% China (Peoples Rep. Of)

Binzhou Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of)

Changsha Fuwang Catering Manageme 100% China (Peoples Rep. Of)

Changsha KFC Co., Ltd. 100% China (Peoples Rep. Of)

ChangSha Little Sheep Catering Admini 100% China (Peoples Rep. Of)

Changsha Yongao Catering Co. Ltd. 100% China (Peoples Rep. Of)

Chengdu Little Sheep Catering Compa 100% China (Peoples Rep. Of)

China XiaoFeiYang Catering Chain Co. 100% British Virgin Islands

Chongqing KFC Co., Ltd. 100% China (Peoples Rep. Of)

Cyprus Caramel Restaurants Limited 100% Cyprus

Dalian KFC Co., Ltd. 100% China (Peoples Rep. Of)

Dezhou Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of)

Dongguan Humen Little Sheep Caterin 100% China (Peoples Rep. Of)

Dongguan KFC Co., Ltd. 100% China (Peoples Rep. Of)

Finger Lickin' Chicken Limited 100% United Kingdom

Foshan Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of)

Foshan Mengjie Catering Company Li 100% China (Peoples Rep. Of)

Fuzhou Cangshan Little Sheep Caterin 100% China (Peoples Rep. Of)

Fuzhou Fuxing Little Sheep Catering 100% China (Peoples Rep. Of)

Fuzhou Gulou Hualin Little Sheep Cate 100% China (Peoples Rep. Of)

Fuzhou Gulou Little Sheep Catering 100% China (Peoples Rep. Of)

Fuzhou Taijiang Little Sheep Catering 100% China (Peoples Rep. Of)

Gansu Hongfu Little Sheep Catering 100% China (Peoples Rep. Of)

Gansu Hongxi Little Sheep Catering Co 100% China (Peoples Rep. Of)

Gansu Hongxiang Little Sheep Caterin 100% China (Peoples Rep. Of)

GanSu Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of)

GCTB, Inc. 100% United States

Gloucester Properties Pty. Ltd. 100% Australia

Guangzhou Hajie Catering Co.,Ltd 100% China (Peoples Rep. Of)

Guangzhou Little Sheep Corporation 100% China (Peoples Rep. Of)

Guangzhou Little Sheep Trading Com 100% China (Peoples Rep. Of)

Guangzhou Yingfeng Yijing Catering C 100% China (Peoples Rep. Of)

Guangzhou Yuansheng Catering Co., 100% China (Peoples Rep. Of)

Hangzhou KFC Co., Ltd. 100% China (Peoples Rep. Of)

Hangzhou YongAo Catering Co. Ltd. 100% China (Peoples Rep. Of)

Hohhot Little Sheep Catering Co.,Ltd 100% China (Peoples Rep. Of)

Huan Sheng Advertisng (Shanghai) 100% China (Peoples Rep. Of)

Huizhou Yanfu Catering Management 100% China (Peoples Rep. Of)

Hulun Buir Little Sheep Xiqi Mutton Co. 100% China (Peoples Rep. Of)

Inner Mongolia Little Sheep Catering 100% China (Peoples Rep. Of)

Inner Mongolia Little Sheep Food Co 100% China (Peoples Rep. Of)

Inner Mongolia Little Sheep Seasoni 100% China (Peoples Rep. Of)

Inventure Restaurantes Ltda. 100% Brazil

Jiangmen Pengjiang Little Sheep Cate 100% China (Peoples Rep. Of)

Jiaozuo Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of)

Jinan Zhaofei Little Sheep Catering Co 100% China (Peoples Rep. Of)

Jinjiang Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of)

Kentucky Fried Chicken (Germany) R 100% Germany

Kentucky Fried Chicken (Great Britain) 100% United Kingdom

Kentucky Fried Chicken (Great Britain 100% United Kingdom

Kentucky Fried Chicken de Mexico, S. 100% Mexico

Kentucky Fried Chicken Global B.V. 100% Netherlands

Kentucky Fried Chicken International H 100% United States

Kentucky Fried Chicken Pty. Ltd. 100% Australia

KFC Advertising, Ltd. 100% United Kingdom

KFC Chamnord SAS 100% France

KFC Corporation 100% United States

KFC France Societe Par Actions Simpl 100% France

KFC Holding Co. 100% United States

KFC Holding Societe Par Actions Simp 100% France

KFC Holdings B.V. 100% Netherlands

KFC NEWCO SAS 100% France

KFC Restaurants Spain S.L. 100% Spain

KFC Western Europe SAS 100% France

KFC U.S. Properties, Inc. 100% United States

KRE Holdings, LLC 100% United States

Kunming Jinding Catering Co., Ltd 100% China (Peoples Rep. Of)

Kunming KFC Co., Ltd. 100% China (Peoples Rep. Of)

Lanzhou KFC Co., Ltd. 100% China (Peoples Rep. Of)

Little Sheep Catering Company Limite 100% China (Peoples Rep. Of)

Little Sheep Group Limited 100% Cayman Islands

Little Sheep Hong Kong Company Lim 100% Hong Kong

Little Sheep Hong Kong Holdings Com 100% Hong Kong

Little Sheep Macau - Restaurant Chain 100% Macao

Little Sheep MongKok Company Limit 100% Hong Kong

Little Sheep Tsim Sha Tsui Company 100% Hong Kong

Little Sheep Tsuen Wan Company Lim 100% Hong Kong

Little Sheep Yuenlang Co.,Ltd 100% China (Peoples Rep. Of)

Liuzhou Gubu Little Sheep Catering Co 100% China (Peoples Rep. Of)

LiuZhou Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of)

Multibranding Pty. Ltd. 100% Australia

Nanchang KFC Co., Ltd. 100% China (Peoples Rep. Of)

Nanchang Taoyuan Little Sheep Cater 100% China (Peoples Rep. Of)

Nanjing Huixing Little Sheep Catering 100% China (Peoples Rep. Of)

Nanjing KFC Co., Ltd. 100% China (Peoples Rep. Of)

Nanjing Lucheng Little Sheep Cateri 100% China (Peoples Rep. Of)

Nanjing Mengle Little Sheep Catering 100% China (Peoples Rep. Of)

Nanjing MengYuan Little Sheep Cateri 100% China (Peoples Rep. Of)

Nanjing Runmeng Little Sheep Cateri 100% China (Peoples Rep. Of)

NanJing XingMeng Little Sheep Cateri 100% China (Peoples Rep. Of)

Nanning KFC Co., Ltd. 100% China (Peoples Rep. Of)

Nanning Little Sheep Catering Chain 100% China (Peoples Rep. Of)

Nanning Ruyun Catering Co., Ltd. 100% China (Peoples Rep. Of)

Newcastle Fried Chicken Pty. Ltd. 100% Australia

Ningbo Haishu Little Sheep Catering C 100% China (Peoples Rep. Of)

NingBo JiangDong ShuGuang Little Sh 100% China (Peoples Rep. Of)

Ningbo Little Sheep Catering Company 100% China (Peoples Rep. Of)

Norfolk Fast Foods Limited 100% United Kingdom

Northside Fried Chicken Pty Limited 100% Australia

Novo BL SAS 100% France

Novo Re IMMO SAS 100% France

Operadora Tlaxcor, S. de R.L. de C.V. 100% Mexico

PCNZ Limited 100% Mauritius

PHP de Mexico Inmobiliaria, S. de R.L 100% Mexico

Pizza Hut (UK) Limited 100% United Kingdom

Pizza Hut Australia Pty Limited 100% Australia

Pizza Hut Del Distrito, S. de R.L. de C 100% Mexico

Pizza Hut FSR Advertising Limited 100% United Kingdom

Pizza Hut HSR Advertising Limited 100% United Kingdom

Pizza Hut International, LLC 100% United States

Pizza Hut Korea Limited 100% Korea (South)

Pizza Hut Mexicana, S de RL de CV 100% Mexico

Pizza Hut of America, Inc. 100% United States

Pizza Hut, Inc. 100% United States

Qianan Fenghui Little Sheep Catering 100% China (Peoples Rep. Of)

Qingdao KFC Co., Ltd. 100% China (Peoples Rep. Of)

Qinghe Little Sheep Catering Co. Ltd. 100% China (Peoples Rep. Of)

Qinhuangdao Chenxin Little Sheep Cat 100% China (Peoples Rep. Of)

Qinhuangdao Ruikai Little Sheep Cate 100% China (Peoples Rep. Of)

Restaurant Holdings (UK) Limited 100% United Kingdom

Restaurant Holdings Limited 100% United Kingdom

SEPSA S.N.C. 100% France

Shandong Little Sheep Hotel Manage 100% China (Peoples Rep. Of)

Shanghai Changning Little Sheep Cat 100% China (Peoples Rep. Of)

Shanghai ChengShan Little Sheep Cat 100% China (Peoples Rep. Of)

Shanghai Fengnan Little Sheep Cateri 100% China (Peoples Rep. Of)

Shanghai Gumei Little Sheep Catering 100% China (Peoples Rep. Of)

Shanghai Huijin Little Sheep Catering 100% China (Peoples Rep. Of)

Shanghai Jingan Little Sheep Cater 100% China (Peoples Rep. Of)

Shanghai KFC Co., Ltd. 100% China (Peoples Rep. Of)

Shanghai Little Sheep Catering Co., Lt 100% China (Peoples Rep. Of)

Shanghai Little Sheep Catering Comp 100% China (Peoples Rep. Of)

Shanghai Lujiabang Little Sheep Cate 100% China (Peoples Rep. Of)

Shanghai Luyuan Little Sheep Cateri 100% China (Peoples Rep. Of)

Shanghai Pengpu Little Sheep Cateri 100% China (Peoples Rep. Of)

Shanghai Pizza Hut Co., Ltd. 100% China (Peoples Rep. Of)

Shanghai Pudong Little Sheep Cateri 100% China (Peoples Rep. Of)

Shanghai Putuo Little Sheep Caterin 100% China (Peoples Rep. Of)

Shanghai Qibao Little Sheep Caterin 100% China (Peoples Rep. Of)

Shanghai Qingpu Little Sheep Cater 100% China (Peoples Rep. Of)

ShangHai WangYuan Little Sheep Cate 100% China (Peoples Rep. Of)

Shanghai Yangpu Little Sheep Cateri 100% China (Peoples Rep. Of)

Shanghai Zhenhua Little Sheep Cateri 100% China (Peoples Rep. Of)

Shantou KFC Co., Ltd. 100% China (Peoples Rep. Of)

ShenYang LianShuo Little Sheep Cater 100% China (Peoples Rep. Of)

ShenYang MengXing Little Sheep Cate 100% China (Peoples Rep. Of)

Shenyang Minsheng Little Sheep Cate 100% China (Peoples Rep. Of)

Shenyang Wangda Little Sheep Caterin 100% China (Peoples Rep. Of)

Shenyang Xiangjiang Little Sheep Ca 100% China (Peoples Rep. Of)

ShenYang YongAo Little Sheep Cateri 100% China (Peoples Rep. Of)

Shenzhen Little Sheep Catering Chai 100% China (Peoples Rep. Of)

Shenzhen Little Sheep Enterprise Co 100% China (Peoples Rep. Of)

Shenzhen Meimeiyang Catering Mana 100% China (Peoples Rep. Of)

Shenzhen Tianjiao Catering Co., Ltd. 100% China (Peoples Rep. Of)

Shenzhen Xintu Catering Co., Ltd. 100% China (Peoples Rep. Of)

Shenzheng Huacai Catering Co., Ltd. 100% China (Peoples Rep. Of)

ShiShi Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of)

Soc. Maintenance Des 2 Roues SAS 100% France

Societe Civile Immobiliere Duranton 100% France

Southern Fast Foods Limited 100% United Kingdom

Stealth Investments Sarl 100% Luxembourg

Suffolk Fast Foods Limited 100% United Kingdom

Sunhill Holdings Sarl 100% Luxembourg

Suzhou KFC Co., Ltd. 100% China (Peoples Rep. Of)

Taco Bell Corp 100% United States

Taco Bell of America, LLC 100% United States

TaiYuan KFC Co., Ltd. 100% China (Peoples Rep. Of)

Tanghai Huanyu Little Sheep Catering 100% China (Peoples Rep. Of)

Tangshan Little Sheep Catering Co., L 100% China (Peoples Rep. Of)

THC I Limited 100% Malta

THC II Limited 100% Malta

THC III Limited 100% Malta

THC IV Limited 100% Malta

THC V Limited 100% Malta

Tianjin Fanyang Little Sheep Catering 100% China (Peoples Rep. Of)

Tianjin Fuan Little Sheep Catering Co., 100% China (Peoples Rep. Of)

Tianjin KFC Co., Ltd. 100% China (Peoples Rep. Of)

Tianshui Little Sheep Catering Compa 100% China (Peoples Rep. Of)

Tricon Global Restaurants, Inc. 100% United States

Valleythorn Limited 100% United Kingdom

Wandle Investments Ltd. 100% Hong Kong

Wenan Little Sheep Catering Co., Ltd. 100% China (Peoples Rep. Of)

West End Restaurants (Holdings) Limi 100% United Kingdom

West End Restaurants (Investments) L 100% United Kingdom

West End Restaurants Limited 100% United Kingdom

Wuhan Mengwang Catering Co.,Ltd 100% China (Peoples Rep. Of)

WuHan MengXiang Little Sheep Cateri 100% China (Peoples Rep. Of)

WuHan YongAo Little Sheep Catering 100% China (Peoples Rep. Of)

Wuxi KFC Co., Ltd. 100% China (Peoples Rep. Of)

Xiamen KFC Co., Ltd. 100% China (Peoples Rep. Of)

Xiamen Lianqian Little Sheep Catering 100% China (Peoples Rep. Of)

Xiamen Shixin Little Sheep Catering C 100% China (Peoples Rep. Of)

Xian Hepingmen Little Sheep Catering 100% China (Peoples Rep. Of)

Xian Hezong Little Sheep Catering Co. 100% China (Peoples Rep. Of)

Xianghe Little Sheep Catering Service 100% China (Peoples Rep. Of)

Xilinhot Xihua Farming Development 100% China (Peoples Rep. Of)

XiNing Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of)

Xinjiang KFC Co., Ltd. 100% China (Peoples Rep. Of)

Xinxiang Hongqi Heping Little Sheep C 100% China (Peoples Rep. Of)

Y.C.H. S.a.r.l. 100% Luxembourg

YA Company One Pty. Ltd. 100% Australia

YB Operadora, S. de R.L. de C.V. 100% Mexico

YGR America, LLC 100% United States

YGR International Limited 100% United Kingdom

YIF US, LLC 100% United States

Yinchuan Little Sheep Catering Comp 100% China (Peoples Rep. Of)

YRI Europe S.a.r.l. 100% Luxembourg

YRI Global Liquidity S.a.r.l. 100% Luxembourg

YRI Hong Kong II Limited 100% Hong Kong

YRI Hong Kong IV Limited 100% Hong Kong

YRI Investment Company S.a.r.l. 100% Luxembourg

Yum Restaurants Espana, S.L. 100% Spain

Yum Restaurants International (Proprie 100% South Africa

Yum Restaurants Services Group, Inc 100% United States

Yum! ll (UK) Limited 100% United Kingdom

Yum! lll (UK) Limited 100% United Kingdom

Yum! Asia Franchise Pte Ltd 100% Singapore

Yum! Asia Holdings Pte. Ltd. 100% Singapore

Yum! Australia Equipment Pty. Ltd. 100% Australia

Yum! Australia Holdings I LLC 100% United States

Yum! Australia Holdings II LLC 100% United States

Yum! Australia Holdings III LLC 100% United States

Yum! Australia Holdings Limited 100% Cayman Islands

Yum! Brands Canada Management Hol 100% Canada

Yum! Brands Canada Management L 100% Canada

Yum! Brands Mexico Holdings II LLC 100% United States

Yum! Food (Hangzhou) Co., Ltd. 100% China (Peoples Rep. Of)

Yum! Food (Shanghai) Co., Ltd. 100% China (Peoples Rep. Of)

Yum! Franchise de Mexico, S. de R.L. 100% Mexico

Yum! Franchise I LP 100% Canada

Yum! Franchise II LLP 100% United Kingdom

Yum! Franchise III 100% Australia

Yum! Global Investments I B.V. 100% Netherlands

Yum! Global Investments II B.V. 100% Netherlands

Yum! Global Investments III, LLC 100% United States

Yum! Holdings UK Limited 100% United Kingdom

Yum! International Finance Company S. 100% Luxembourg

Yum! International Participations S.a.r. 100% Luxembourg

Yum! Luxembourg Investments S.a.r.l. 100% Luxembourg

Yum! Mexico, S. De. R. L. de CV 100% Mexico

Yum! Realty Holdings, Inc. 100% Canada

Yum! Restaurant Holdings 100% United Kingdom

Yum! Restaurant Holdings (Great Brita 100% United Kingdom

Yum! Restaurantes do Brasil Ltda. 100% Brazil

Yum! Restaurants (Canada) Company 100% Canada

Yum! Restaurants (Chengdu) Co., Ltd 100% China (Peoples Rep. Of)

Yum! Restaurants (China) Investment 100% China (Peoples Rep. Of)

Yum! Restaurants (Fuzhou) Co., Ltd. 100% China (Peoples Rep. Of)

Yum! Restaurants (Guangdong) Co., L 100% China (Peoples Rep. Of)

Yum! Restaurants (Hong Kong) Ltd. 100% Hong Kong

Yum! Restaurants (India) Private Limi 100% India

Yum! Restaurants (NZ) Ltd. 100% New Zealand

Yum! Restaurants (Shenyang) Co., Ltd 100% China (Peoples Rep. Of)

Yum! Restaurants (Shenzhen) Co., Ltd 100% China (Peoples Rep. Of)

Yum! Restaurants (UK) Limited 100% United Kingdom

Yum! Restaurants (Wuhan) Co., Ltd. 100% China (Peoples Rep. Of)

Yum! Restaurants (Xian) Co., Ltd. 100% China (Peoples Rep. Of)

Yum! Restaurants Asia Private Ltd. 100% Singapore

Yum! Restaurants Australia Pty Limite 100% Australia

Yum! Restaurants Australia Services P 100% Australia

Yum! Restaurants China Holdings Lim 100% Hong Kong

Yum! Restaurants Consulting (Shangha 100% China (Peoples Rep. Of)

Yum! Restaurants Europe Limited 100% United Kingdom

Yum! Restaurants Germany GmbH 100% Germany

Yum! Restaurants Holding, S. de R.L. 100% Mexico

Yum! Restaurants International (Can 100% Canada

Yum! Restaurants International (ME 100% Bahrain

Yum! Restaurants International (Thaila 100% Thailand

Yum! Restaurants International Holdin 100% United States

Yum! Restaurants International Limite 100% United Kingdom

Yum! Restaurants International Ltd. 100% Germany

Yum! Restaurants International Manag 100% Luxembourg

Yum! Restaurants International Russi 100% Russia

Yum! Restaurants International Russi 100% Russia

Yum! Restaurants International S.a.r.l. 100% Luxembourg

Yum! Restaurants International Switzer 100% Switzerland

Yum! Restaurants International, Inc. 100% United States

Yum! Restaurants International, S de 100% Mexico

Yum! Restaurants Limited 100% United Kingdom

Yum! Restaurants Marketing Private L 100% India

Yum! Restaurants New Zealand Servic 100% Australia

Yum! Restaurants Spolka Z Ogranicz 100% Poland

Yum! Restaurants, S de RL de CV 100% Mexico

Yumsop Pty Limited 100% Australia

Yuyao Little Sheep Catering Company 100% China (Peoples Rep. Of)

Zhengzhou Hezong Little Sheep Cateri 100% China (Peoples Rep. Of)

Zhengzhou Hongzhuan Little Sheep Ca 100% China (Peoples Rep. Of)

Zhengzhou KFC Co., Ltd. 100% China (Peoples Rep. Of)

Zhongshan Little Sheep Catering Co., 100% China (Peoples Rep. Of)

Long Term Debt

Dec. 29, 2012, $2,920,000,000 (including current portion of $10,000,000 and excluding long-term portion of fair value hedge accounting adjustment of $22,000,000) comprised of:

-- 01 -- $2,750,000,000 senior unsecured notes, bearing interest at stated rates ranging from 2.38% to 6.88%, maturing from Apr. 2016 through Nov. 2037.

-- 02 -- $170,000,000 capital lease obligations.

Line of Credit: In 2012, Co. executed a five-year syndicated senior unsecured revolving credit facility (the "Credit Facility") totaling $1,300,000,000. The Credit Facility includes 24 participating banks with commitments ranging from $23,000,000 to

$115,000,000 and expires on Mar. 31, 2017. Under the terms of the Credit Facility, Co. may borrow up to the maximum borrowing limit, less outstanding letters of credit or banker's acceptances, where applicable. At Dec. 29, 2012, Co.'s unused Credit

Facility totaled $1,200,000,000 net of outstanding letters of credit of $63,000,000. There were no borrowings outstanding under the Credit Facility at Dec. 29, 2012. The interest rate for most borrowings under the Credit Facility ranges from 1.00% to

at least quarterly.

For details see below.

Capital Structure

Abbreviation DescriptioStructure Exchange Ticker

Com Com Common NYS YUM 96,163,000

Business Segments

Business Analysis

1.75% over the London Interbank Offered Rate ("LIBOR"). The exact spread over LIBOR under the Credit Facility depends upon Co.'s performance against specified financial criteria. Interest on any outstanding borrowings under the Credit Facility is payable

The Credit Facility is unconditionally guaranteed by Co.'s principal domestic subsidiaries. This agreement contains financial covenants relating to maintenance of leverage and fixed charge coverage ratios and also contains affirmative and negative

covenants including, among other things, limitations on certain additional indebtedness and liens, and certain other transactions specified in the agreement. Given Co.'s strong balance sheet and cash flows, Co. was able to comply with all debt covenant

requirements at Dec. 29, 2012 with a considerable amount of cushion. Additionally, the Credit Facility contains cross-default provisions whereby Co.'s failure to make any payment on its indebtedness in a principal amount in excess of $125,000,000, or the

acceleration of the maturity of any such indebtedness, will constitute a default under such agreement.

Market Cap

Geographic Analysis

Revenues

Report Date 12/29/2012

Currency USD

Scale Millions

China Division 6,898

YUM Restaurants International (YRI) 3,281

U.S. 3,352

India 102

Total 13,633


Currency USD

Scale Millions



U.S. 3,786

Total 12,626

No information found under this company.


Currency USD

Scale Millions



U.S. 4,120

Total 11,343


Currency USD

Scale Millions



U.S. 4,473

Total 10,868


Currency USD

Scale Millions



U.S. 5,125

Total 11,279

Operating Income


Currency USD

Scale Millions


YUM Restaurants International (YRI) 715

U.S. 666

India (1)

Total 2,395


Currency USD

Scale Millions

China Division 908


U.S. 589

Total 2,170


Currency USD

Scale Millions

China Division 755


U.S. 668

Total 2,012


Currency USD

Scale Millions

China Division 602


U.S. 647

Total 1,740


Currency USD

Scale Millions

China Division 469


U.S. 694

Total 1,691

Pricing Information

Earning Per Share(TTM)

3.12

PE Ratio

23.3595

Closing Price

As of 09/09/2013 : 71.48

Dividend Yield

1.8747

Dividend Per Share(TTM)

1.34

Market Cap(mil)

31,896

52 Week Range

62.08 - 74.82

% Price Change (100 Days)

5.51

Company Financials

Ratios

Profitability Ratios

ROA % (Net) 17.95 15.13 15.02

ROE % (Net) 80.53 76.36 89.29

ROI % (Operating) 41.05 35.14 37.97

Exchange rate used is that of the Year End reported date

12/29/2012

12/31/2011

12/25/2010

EBITDA Margin % 21.1 18.75 20.21

Calculated Tax Rate % 25.6 20.1 26.8

Revenue per Employee 26,139 26,656 30,090

Liquidity Ratios

Quick Ratio 0.49 0.6 0.68

Current Ratio 0.87 0.95 0.94

Net Current Assets % TA (3.1) (1.46) (1.62)

Debt Management

LT Debt to Equity 1.36 1.64 1.85

Total Debt to Equity 1.37 1.82 2.28

Interest Coverage 14.06 11.79 10.23

Asset Management

Total Asset Turnover 1.53 1.45 1.47

Receivables Turnover 46.58 45.84 45.96

Inventory Turnover 33.62 39.57 52.22

Accounts Payable Turnover 19.59 19.84 21.89

Accrued Expenses Turnover 14.26 15 17.72

Property Plant & Equip Turnover 3.3 3.16 2.94

Cash & Equivalents Turnover 13.85 9.47 12.79

Per Share

Cash Flow per Share 4.99 4.55 4.16

Book Value per Share 4.91 3.96 3.36

Income Statement

Report Date

Currency USD USD USD

Audit Status

Consolidated Yes Yes Yes

Scale Millions Millions Millions

12/29/2012

12/31/2011

12/25/2010

12/29/2012

12/31/2011

12/25/2010

12/29/2012

12/31/2011

12/25/2010

12/29/2012

12/31/2011

12/25/2010


As Reported Annual Income Statement

12/29/2012

12/31/2011

12/25/2010

Not Qualified

Not Qualified

Not Qualified

Company sales 11,833 10,893 9,783

Franchise & license fees & income 1,800 1,733 1,560

Total revenues 13,633 12,626 11,343

Company restaurants - food & paper 3,874 3,633 3,091

Company restaurants - payroll & empl 2,620 2,418 2,172

Company restaurants - occupancy & o 3,358 3,089 2,857

Company restaurants expenses 9,852 9,140 8,120

General & administrative expenses 1,510 1,372 1,277

Franchise & license expenses 133 145 110

Closures & impairment expenses (inc 37 135 47

Refranchising gain (loss) 78 (72) (63)

Equity income from investments in unco 47 47 42

Gain upon consolidation of a former un - - -

Gain upon sale of investment in unconso - - -

Gain upon acquisition of Little Sheep 74 - -

Minority interest - - -

Foreign exchange net gain (loss) & o (6) 6 1

Other expense (income) (115) (53) (43)

Total costs & expenses, net 11,339 10,811 9,574

Operating profit 2,294 1,815 1,769

Interest expense 169 184 195

Interest income 20 28 20

Interest income (expense), net (149) (156) (175)

Income (loss) before income taxes - U 504 266 345

Income (loss) before income taxes - fo 1,641 1,393 1,249

Income (loss) before income taxes 2,145 1,659 1,594

Current federal income tax provision (b 160 78 155

Current foreign income tax provision (b 314 374 356

Current state income tax provision (ben 35 9 15

Total current income tax provision (ben 509 461 526

Deferred federal income tax provision 91 (83) (82)

Deferred foreign income tax provision (57) (40) (29)

Deferred state income tax provision (b (6) (14) 1

Total deferred income tax provision (be 28 (137) (110)

Income tax provision 537 324 416

Net income (loss) - including noncontro 1,608 1,335 1,178

Net income (loss) - noncontrolling inte (11) (16) (20)

Net income - YUM! Brands, Inc. 1,597 1,319 1,158

Weighted average shares outstanding 461 469 474

Weighted average shares outstanding - 473 481 486

Year end shares outstanding 451 460 469

Net earnings (loss) per common share 3.46 2.81 2.44

Net earnings (loss) per common share 3.38 2.74 2.38

Dividends declared per common shar 1.24 1.07 0.92

Number of full time employees 78,450 - -

Number of part time employees 444,550 - -

Total number of employees 523,000 466,000 378,000

Number of common stockholders 65,133 67,435 72,000

Balance Sheet

Report Date


Audit Status



Cash & cash equivalents 776 1,198 1,426

Accounts & notes receivable, gross 313 308 289

Less: Allowance for doubtful accounts 12 22 33

Accounts & notes receivable, net 301 286 256

Inventories 313 273 189

Income tax receivable 55 150 115

Assets held for sale 56 24 -

Other prepaid expenses & current ass 161 164 154

Prepaid expenses & other current ass 272 338 269

Prepaid expenses & other current ass - - -

Deferred income taxes 111 112 61

Advertising cooperative assets, restric 136 114 112

Total current assets 1,909 2,321 2,313

Land 469 527 542

Buildings & improvements 4,093 3,856 3,709

Capital leases, primarily buildings 200 316 274

Machinery & equipment 2,627 2,568 2,578

Property, plant & equipment, gross 7,389 7,267 7,103

Accumulated depreciation & amortizat 3,139 3,225 3,273

Property, plant & equipment, net 4,250 4,042 3,830

Goodwill 1,034 681 659

Intangible assets, net 690 299 475

Investments in unconsolidated affiliate 72 167 154

Restricted cash - 300 -

Other assets 575 475 519

Deferred income taxes 481 549 366

Total assets 9,011 8,834 8,316

Accounts payable 684 712 540


As Reported Annual Balance Sheet

12/29/2012

12/31/2011

12/25/2010

Not Qualified

Not Qualified

Not Qualified

Capital expenditure liability - - -

Accrued capital expenditure 264 229 174

Accrued compensation & benefits 487 440 357

Dividends payable 151 131 118

Accrued taxes, other than income tax 103 112 95

Other current liabilities 256 250 318

Accounts payable & other current liabil 1,945 1,874 1,602

Income taxes payable 97 142 61

Current maturities of long-term debt 10 315 673

Current portion of fair value hedge ac - 5 -

Other short-term borrowings - - -

Short-term borrowings 10 320 673

Advertising cooperative liabilities 136 114 112

Total current liabilities 2,188 2,450 2,448

Unsecured revolving credit facility - - -

Senior unsecured notes 2,750 3,012 3,257

Senior, unsecured term loan - - -

Capital lease obligations 170 279 236

Other long-term debt - - 64

Total long-term debt 2,920 3,291 3,557

Less current maturities of long-term d 10 315 673

Long-term debt excluding hedge acco 2,910 2,976 2,884

Long-term portion of fair value hedge 22 21 31

Long-term debt 2,932 2,997 2,915

Other liabilities & deferred credits 1,579 1,471 1,284

Total liabilities 6,699 6,918 6,647

Redeemable non-controlling interest 59 - -

Common stock - 18 86

Retained earnings (accumulated defici 2,286 2,052 1,717

Foreign currency translation adjustme 166 140 55

Pension & post retirement gains losses (286) (375) (269)

Net unrealized gains (losses) on deriva (12) (12) (13)

Accumulated other comprehensive inc (132) (247) (227)

Total shareholders' equity (deficit) - 2,154 1,823 1,576

Noncontrolling interest 99 93 93

Total shareholders' equity (deficit) 2,253 1,916 1,669

Cash Flows

As Reported Annual Cash Flow


Report Date


Audit Status



Net income (loss) - including noncontro 1,608 1,335 1,178

Depreciation & amortization 645 628 589

Closures & impairment expenses (inc 37 135 47

Refranchising loss (gain) (78) 72 63

Contributions to defined benefit pensi (119) (63) (52)

YUM Retirement Plan settlement char 84 - -

Loss (gain) upon consolidation of a for (74) - -

Loss (gain) on sale of interest in Japa - - -

Deferred income taxes 28 (137) (110)

Equity loss (income) from investments (47) (47) (42)

Distributions of income received from u 41 39 34

Excess tax benefits from share-base (98) (66) (69)

Share-based compensation expense 50 59 47

Accounts & notes receivable (18) (39) (12)

Inventories 9 (75) (68)

Prepaid expenses & other current ass (14) (25) 61

Accounts payable & other current liabil 9 144 61

Income taxes payable 126 109 104

Other cash flow from operating activiti 105 101 137

Net cash flows from operating activitie 2,294 2,170 1,968

Capital spending (1,099) (940) (796)

Proceeds from refranchising of restau 364 246 265

Acquisitions & investments - (81) (62)

Acquisitions (543) - -

Changes in restricted cash 300 (300) -

Acquisition of restaurants from franch - - -

Acquisitions & disposals of investment - - -

Sales of property, plant & equipment - 30 33

Other cash flows from investing activit (27) 39 (19)

Net cash flows from investing activitie (1,005) (1,006) (579)

Proceeds from long-term debt - 404 350

Repayments of long-term debt (282) (666) (29)

Revolving credit facilities, three month - - (5)

Short-term borrowings by original matur - - (3)

Repurchase shares of common stock (965) (752) (371)

Excess tax benefit from share-based 98 66 69

Employee stock option proceeds 62 59 102

Dividends paid on common stock (544) (481) (412)

Other cash flows from financing activit (85) (43) (38)

Net cash flows from financing activitie (1,716) (1,413) (337)

Effect of exchange rate on cash & cas 5 21 21

12/29/2012

12/31/2011

12/25/2010

Not Qualified

Not Qualified

Not Qualified

Net increase (decrease) in cash & cas (422) (228) 1,073

Change in cash & cash equivalents due - - -

Cash & cash equivalents - beginning o 1,198 1,426 353

Cash & cash equivalents - end of year 776 1,198 1,426

Cash paid for interest 166 199 190

Cash paid for income taxes 417 349 357

Executives

Officers

David C. Novak

David C. Novak, announced that Director of JPMorgan Chase & Co. will not seek re-election when their terms expire May 14. Mr. Novak has been Chairman of Yum! Brands, Inc. since January 2001 and its

Director since 1997. He was Vice Chairman and President of Tricon Global Restaurants, Inc. (as Yum! Brands was formerly named) from June 1997 until January 2000. Yum! Brands is a worldwide restaurant

company in terms of system restaurants with more than 36,000 restaurants in more than 110 countries and territories. From December 1999 to January 2001, Mr. Novak served as Vice Chairman of Yum!

Brands, Chief Executive Officer and President. From October 1997 to December 1999, Mr. Novak served as Vice Chairman and President of Yum! Brands. He is a Director of Yum! Brands Foundation. Mr.

Novak has been a Director of JPMorgan Chase & Co. since 2004, and was a Director of Bank One Corporation from 2001 to July 2004, upon its Merger with JPMorgan Chase. Mr. Novak is a Director of the

Friends of the United Nations World Food Program and The Business Council. Mr. Novak resigned as the President of Yum! Brands, Inc. on May 1, 2012. Mr. Novak will continue to serve as Chairman and

Title : Chairman

Tenure : 16 Age : 60

Total Compensation : $14,168,35%Change : -0.31

Education : -

Jing-Shyh Sam Su

Title : Vice-Chairman


Total Compensation : $16,561,45%Change : 0.32

Education : -

Richard T. Carucci

Chief Executive Officer of Yum! Brands, Inc.

Previously, Mr. Novak had been Group President and Chief Executive Officer of KFC and Pizza Hut, North America, subsidiaries of PepsiCo, from August

1996 until June 1997; and, President of KFC North America, a subsidiary of PepsiCo, from 1994 until 1996.

Mr. Novak graduated from the University of Missouri in 1974, earning a B.A. degree.

Jing-Shyh Sam Su, became Vice Chairman of Yum! Brands, Inc. on March 14, 2008. Mr. Su is also President of YUM!'s China Division, a position he has held since 1997. Prior to this position, Mr. Su was

the Vice President of North Asia for both KFC and Pizza Hut.

Richard T. Carucci, was appointed as the Presiden of Yum! Brands, Inc. on May 1, 2012. Mr. Carucci, 54, previously served as Yum! Brands, Inc.'s Chief Financial Officer since 2005.

From October

2004 to February 2005, Mr. Carucci served as Senior Vice President, Finance and Chief Financial Officer ? Designate of YUM. From May 2003 to October 2004, Mr. Carucci served as Executive Vice

Title : President



Education : -

Christian L. Campbell

Title : Senior Vice President



Education : -

Jonathan D. Blum

President and Chief Development Officer of YUM Restaurants International. From November 2002 to May 2003, Mr. Carucci served as Senior Vice President for YRI and also assisted Pizza Hut in asset

strategy development. From November 1999 to July 2002, he was Chief Financial Officer of YRI. Mr. Carucci was elected to the Board of Directors of VF Corp. on July 21, 2009.

Christian L. Campbell, is Senior Vice President, General Counsel, Secretary and Chief Franchise Policy Officer of Yum! Brands, Inc. Mr. Campbell has served as Senior Vice President, General Counsel

and Secretary since September 1997. In January 2003, Mr. Campbell's title and job responsibilities were expanded to include Chief Franchise Policy Officer.

Jonathan D. Blum, serves as a Director of Kindred Healthcare, Inc. Mr. Blum has served as a Director of Kindred Healthcare, Inc. since December 2008. Mr. Blum has served as the Senior Vice President

and Chief Public Affairs Officer for Yum! Brands, Inc. (NYSE: YUM), the world's largest restaurant company in terms of system restaurants and ranked number 214 in the Fortune 500, since 1997. Mr.



Total Compensation : $- %Change : -

Education : -

Ted F. Knopf




Education : -

Timothy P. Jerzyk


Blum has also served as Chief Global Nutrition Officer for Yum! Brands, Inc. since March 2012.

Mr. Blum received his undergraduate degree from George Washington University and his J.D. degree

from Western New England College, School of Law

Ted F. Knopf, is Senior Vice President, Finance and Corporate Controller of Yum! Brands, Inc. Mr. Knopf has served in this position since April 2005. From September 2001 to April 2005, Mr. Knopf

served as Vice President of Corporate Planning and Strategy of Yum! Brands, Inc.

Timothy P. Jerzyk, is Senior Vice President, Investor Relations and Treasurer of Yum! Brands, Inc. In addition to his current role of Senior Vice President, Mr. Jerzyk was appointed Treasurer in

January 2007. He now oversees treasury and investor relations for Yum! Brands. Prior to assuming his current role, Mr. Jerzyk was Vice President of Business Planning and founded the function when

PepsiCo spun-off KFC, Pizza Hut, and Taco Bell as Tricon Global Restaurants, Inc., in 1997. Mr. Jerzyk has held numerous other roles in finance, including corporate planning, field/division Chief

Financial Officer, corporate control, and operations.

Tenure : 6 Age : -


Education : -

David Russell

Title : Vice President

Tenure : 2 Age : 48


Education : -

Patrick J. Grismer

David Russell, serves as Senior Vice President and Global Operations Manager of Gogo Inc. ("Gogo"). Mr. Russell joined Gogo Inc. in January 2012. Mr. Russell has more than 20 years of management

experience at leading aviation IT services and telecommunications companies.

From July 2009 to January 2011, Mr. Russell was Vice President of Strategic Programmes for the SITA Group, a leading

provider of IT solutions and communications services to the air transport industry. From January 2007 to June 2009, Mr. Russell served as Chief Operating Officer of OnAir, an in-flight passenger

communications provider.

Mr. Russell is a Chartered Engineer, having attained a B.Sc. at University of Strathclyde, and earned his M.B.A. at Imperial College, University of London.

Patrick J. Grismer, was appointed as the Chief Financial Officer of Yum! Brands, Inc. on May 2, 2012. Mr. Grismer, previously served as Chief Planning and Control Officer and Senior Vice President of

Yum! Brands, Inc. ,s since 2011. Prior to that, Mr. Grismer's positions with Yum! Brands, Inc.'s and its subsidiaries included Chief Financial Officer of Yum! Restaurants International (2008-2011),

Title : Chief Financial Officer

Tenure : 1 Age : 51

Total Compensation : $2,118,973%Change : -

Education : -

Anne P. Byerlein

Title : Chief People Officer



Education : -

John P. Daly

Title : Vice President



Education : -

Vice President of Corporate Strategy and Investor Relations for the Company (2007-2008) and Chief Financial Officer for Pizza Hut (UK) (2005-2007).

Anne P. Byerlein, is Chief People Officer of Yum! Brands, Inc. Ms. Byerlein has served in this position since December 2002. From October 1997 to December 2002, Mr. Byerlein was Vice President of

Human Resources of Yum! Brands, Inc. From October 2000 to December 2002, Ms. Byerlein also served as KFC's Chief People Officer.

John P. Daly, has served as a Director of NTS Realty Capital, Inc., since December 2004 and is a Director of NTS Realty Holdings. Since December 1997, Mr. Daly is also Vice President, Associate

General Counsel and Assistant Secretary of YUM! Brands, Inc., the parent of KFC, Taco Bell, Pizza Hut, Long John Silver's and A&W Restaurants, Inc.

From 1990 to 1997, Mr. Daly served as First

Vice President, Counsel and Assistant Secretary for First Chicago NBD Corporation, the parent of First National Bank of Chicago.

Scott O. Bergren

Title : Division Officer



Education : -

Greg Creed




Education : -

Roger Eaton

Scott O. Bergren, is the President and Chief Concept Officer of Yum! Brands, Inc. Pizza Hut-U.S. division. Mr. Bergren has served in this position since November 2006. Prior to this position, Mr.

Bergren served as Chief Marketing officer of KFC and Yum! Brands, Inc., from January 2003 to November 2006. From September 2002 until July 2003, Mr. Bergren was the Executive Vice President,

Marketing and Chief Concept Officer for Yum Restaurants International, Inc. From April 2002 until September 2002, Mr. Bergren was Senior Vice President New Concepts for Yum Restaurants International,

Inc. From June 1995 until 2002, Mr. Bergren was Chief Executive Officer of Chevy's Mexican Restaurants, Inc.

Greg Creed, is the President and Chief Concept Officer of Yum! Brands, Inc. Taco Bell-U.S. division. Mr. Creed has served in this position since December 2006. Mr. Creed was elected to the Board of

Directors of International Game Technology effective September 29, 2010.

Prior to this position, Mr. Creed served as Chief Operating Officer of Yum! Brands, Inc., from December 2005 to November

2006. Mr. Creed served as Chief Marketing Officer of Taco Bell-U.S. from July 2001 to October 2005.




Education : -

Graham D. Allan

Roger Eaton, has served as a Director of Molson Coors Brewing Company (Molson Coors) since May 2012. Mr. Eaton assumed the role of Chief Operations Officer of Yum! Brands, Inc. in February 2012. Mr.

Eaton also oversees the Asia FBU (Franchise Business Unit) and the KFC and Pizza Hut SOPAC (South Pacific) business for the Company?s international division, Yum! Restaurants International (YRI). Mr.

Eaton is a member of the Australian Institute of Chartered Accountants.

From June 2008 to February 2012, Mr. Eaton was Chief Executive Officer and President of KFC USA. Mr. Eaton also held

several international positions at the company, including Senior Vice President, Regional Operations Director, General Manager and Finance Director in the South Pacific, Australia and New Zealand.

From 1996 to 2000 and prior to his time at Yum! Brands, Inc., Mr. Eaton was employed by Hoyts Corporation ? one of the world?s leading entertainment companies ? where he served as Chief Operating

Officer of Hoyts Cinemas Australia Limited and President of Hoyts USA Limited. Mr. Eaton also worked as General Manager of Finance for Hoyts Pty Ltd, the private holding company of Hoyts

Entertainment Ltd and Hoyts Media Ltd. Mr. Eaton was identified by a third party search firm.

Mr. Eaton holds a Bachelor?s degree in Commerce and a post graduate diploma in Accounting from the

University of Natal - Durban in South Africa. Mr. Eaton passed the South African Public Accountants and Auditors Board exams in 1982.

Title :



Education : -

Muktesh Pant

Title : Subsidiary Officer

Tenure : 2 Age : -


Education : -

Gregory N. Moore - Inactive (Resigned)

Graham D. Allan, is the Chief Executive Officer of YUM Restaurants International ("YRI"). Mr. Allan has served in this position since May 2010. Prior to this position, Mr. Allan served as President

of YRI from November 2003 to May 2010. Immediately prior to this position he served as Executive Vice President of YRI. On November 18, 2011, Mr. Allan, Chief Executive Officer of Yum Restaurants

International, a subsidiary of Yum! Brands, Inc., informed Yum! Brands, Inc. that he will retire from its and YRI during the first quarter of 2012.

Muktesh Pant, President of Yum Restaurants International ("YRI"), a subsidiary of Yum! Brands, Inc. (the "Company"), will become Chief Executive Officer of YRI on December 5, 2011.

Gregory N. Moore, was joined Environmental Infrastructure Holdings Corp's Board of Directors on December 7, 2009. Mr. Moore resigned from the Board of Directors of Environmental Infrastructure

Holdings Corp. on September 7, 2010. Mr. Moore was Senior Vice President and Controller of Yum! Brands, Inc. from September 2003 to April 2005. Prior to that, he was Vice President, Audit and General

Auditor of YUM from October 1997 to September 2003. He was Vice President and Controller at Taco Bell from May 1989 to October 1997 and Assistant Corporate Controller at Taco Bell from February 1986




Education : -

Peter R. Hearl - Inactive (Resigned)

Title : Chief Operating Officer



Education : -

David J. Deno - Inactive (Resigned)

and later as Chief Operating Officer.

to May 1989. He held management positions in PepsiCola International from May 1983 to February 1986.

Peter R. Hearl, was Chief Operating and Development Officer of Yum! Brands, Inc. He has served in this position since December 2006. From December 2002 to November 2006, he served as President and

Chief Concept Officer of Pizza Hut. From January 2002 to November 2002, he was Chief People Officer and Executive Vice President of YUM.

David J. Deno, was a Director of Peet?s Coffee and Tea, Inc. Mr. Deno has served as Brands, Inc.' Executive Vice President and Chief Financial Officer since May 2012.

Prior to May 2012, Mr. Deno

served as Chief Financial Officer of the international division of Best Buy Co. since December 2009. Prior to joining Best Buy Co., Mr. Deno was a consultant with Obelysk Capital from February 2009

to December 2009. Prior to joining Obelysk Capital, Mr. Deno was a Managing Director of CCMP Capital Advisors, LLC ("CCMP"), a private equity firm from August 2006 to February 2009. While with CCMP,

Mr. Deno was the President and then CEO of Quiznos, LLC, an operator of quick service restaurants. Prior to this, he had a 15 year career with YUM! Brands where he served as Chief Financial Officer

Title : Chief Operating Officer



Education : -

Emil J. Brolick - Inactive (Retired)

Title :



Education : -

Charles E. Rawley - Inactive (Not Reported)

Emil J. Brolick, has served as President, Chief Executive Officer and a Director of The Wendy?s Company ("Wendy's") since September 12, 2011.

Prior to his election as President and Chief

Executive Officer of Wendy?s, Mr. Brolick served from June 2008 to September 2, 2011 as Chief Operating Officer of Yum! Brands, Inc. ("YUM") and President of two of YUM?s U.S. operating segments,

Long John Silver?s and A&W All American Food Restaurants. Prior to that, Mr. Brolick served as President of U.S. Brand Building for YUM, a position he held from December 2006 to June 2008. He had

joined YUM in 2000. Prior to that, Mr. Brolick served as President and Chief Concept Officer of Taco Bell, a position he held from July 2000 to November 2006. Prior to joining Taco Bell in July 2000,

Brolick worked at Wendy?s International, Inc. ("Wendy?s") for 12 years (prior to the Company?s acquisition of Wendy?s), lastly serving as Senior Vice President of New Product Marketing, Research and

Strategic Planning from August 1995 to July 2000.

Charles E. Rawley, III, was Chief Development Officer of Yum! Brands, Inc. from January 2001 to 2006. Prior to that, he served as President and Chief Operating Officer of KFC. Mr. Rawley assumed his

Title : Chief Development Officer



Education : -

Gregg R. Dedrick - Inactive (Not Reported)




Education : -

Peter A. Bassi - Inactive (Not Reported)

position of Chief Operating Officer in 1995 and President in 1998. Mr. Rawley joined KFC in 1985 as a Director of Operations. He served as Vice President of Operations for the Southwest, West,

Northeast, and Mid-Atlantic Divisions from 1988 to 1994, when he became Senior Vice President, Concept Development for KFC.

Gregg R. Dedrick, was appointed as a Director of Denny's Corporation on July 15, 2010. Mr. Dedrick was a co-founder of Whole Strategies, an organizational consulting firm, in 2009. Prior to that, he

was President and Chief Concept Officer at KFC for five years where he led the development of the company's grilled chicken product. Mr. Dedrick previously served as Executive Vice President, People

and Shared Services at Yum Brands; Chief People Officer at Yum Brands; and Senior Vice President Human Resources for Pizza Hut and KFC.

Peter A. Bassi, has been a Director of BJ's Restaurants, Inc. since September 2004. He served as a Director of Blockbuster, Inc. from March 2005 to 2007 and a Director of Pep Boys-Manny, Moe & Jack

from 2002 to 2009. Mr. Bassi retired in 2005 as Chairman of Yum! Restaurants International (also known as YRI). YRI is the International Division of Yum! Brands Restaurants, Inc. (Yum!), which is the




Education : -

Directors

David C. Novak

exclusive franchisor of Taco Bell, Pizza Hut, KFC, Long John Silver's and A&W Restaurants. Mr. Bassi led YRI since June 1997. Prior to this assignment, he was in charge of YRI's Asian business. Yum!

was created in 1997 in a spin-off from PepsiCo, Inc. Mr. Bassi joined PepsiCo in 1972 in the Pepsi-Cola Company. During his over 30 year career, he has worked in Pepsi-Cola International, Pizza Hut

(U.S. and International), Frito-Lay, and Taco Bell.

David C. Novak, announced that Director of JPMorgan Chase & Co. will not seek re-election when their terms expire May 14. Mr. Novak has been Chairman of Yum! Brands, Inc. since January 2001 and its

Director since 1997. He was Vice Chairman and President of Tricon Global Restaurants, Inc. (as Yum! Brands was formerly named) from June 1997 until January 2000. Yum! Brands is a worldwide restaurant

company in terms of system restaurants with more than 36,000 restaurants in more than 110 countries and territories. From December 1999 to January 2001, Mr. Novak served as Vice Chairman of Yum!

Brands, Chief Executive Officer and President. From October 1997 to December 1999, Mr. Novak served as Vice Chairman and President of Yum! Brands. He is a Director of Yum! Brands Foundation. Mr.

Novak has been a Director of JPMorgan Chase & Co. since 2004, and was a Director of Bank One Corporation from 2001 to July 2004, upon its Merger with JPMorgan Chase. Mr. Novak is a Director of the

Title : Chairman



Education : -

Jing-Shyh Sam Su

Title : Vice-Chairman



Education : -

Mirian M. Graddick-Weir

Friends of the United Nations World Food Program and The Business Council. Mr. Novak resigned as the President of Yum! Brands, Inc. on May 1, 2012. Mr. Novak will continue to serve as Chairman and

Chief Executive Officer of Yum! Brands, Inc.

Previously, Mr. Novak had been Group President and Chief Executive Officer of KFC and Pizza Hut, North America, subsidiaries of PepsiCo, from August

1996 until June 1997; and, President of KFC North America, a subsidiary of PepsiCo, from 1994 until 1996.

Mr. Novak graduated from the University of Missouri in 1974, earning a B.A. degree.

Jing-Shyh Sam Su, became Vice Chairman of Yum! Brands, Inc. on March 14, 2008. Mr. Su is also President of YUM!'s China Division, a position he has held since 1997. Prior to this position, Mr. Su was

the Vice President of North Asia for both KFC and Pizza Hut.

Dr. Mirian M. Graddick, was appointed as a Director of Yum! Brands, Inc., effective as of January 26, 2012. Dr. Graddick-Weir serves as Senior Vice President of Human Resources for Merck in

Whitehouse, New Jersey. She belongs to the following boards: Jersey Battered Women's Services, Inc.; National Academy of Human Resources; Human Resources Policy Association; National Medical

Title : Director

Tenure : 1 Age : 58

Total Compensation : $387,881 %Change : -

Education : -

Michael J. Cavanagh

Title : Director

Fellowships; Personnel Roundtable; Kent Place School.

Dr. Graddick-Weir served as a Director of Harleysville Group, Inc. from 2000-2012. Prior to that, Dr. Graddick-Weir was Executive Vice

President for Human Resources at AT&T Corp. in Bedminster, New Jersey, a position she assumed in March 1999. Dr. Graddick-Weir was also the Vice President at AT&T for various human resource

responsibilities since 1994. Prior to that, Ms. Graddick-Weir held various executive positions with AT&T, where she commenced working in 1981.

Dr. Graddick-Weir's education includes a Ph.D.,

Industrial/Organizational Psychology, Penn State, 1981; M.S., Industrial/Organizational Psychology, Penn State, 1978; and a B.A., Psychology, Hampton University, 1976.

Michael J. Cavanagh, has served as JPMorgan Chase & Co.'s Co-Chief Executive Officer of the Corporate & Investment Bank since July 2012; and Chief Executive Officer of Treasury & Securities Services

(TSS) from June 22, 2010 to July 2012. Priorto, he had been Chief Financial Officer of JPMorgan Chase & Co. since September 2004, prior to which he had been Head of Middle Market Banking. Prior to

the Merger, he had been Chief Administrative Officer of Commercial Banking and Chief Operating Officer of Middle Market Banking from 2003, and Treasurer from 2001 until 2003 at Bank One Corporation.

On November 16, 2012, Mr. Cavanagh was appointed a Director of YUM! Brands, Inc.

Tenure : 1 Age : 46


Education : -

David W. Dorman

Title :

Tenure : 8 Age : 59

Total Compensation : $206,696 %Change : 0

Education : -

David W. Dorman, was named non-executive Chairman of the Board of CVS Caremark on May 2011. He is the former Non-Executive Chairman of Motorola Solutions Inc. (formerly Motorola, Inc.), a position he

held from May 2008 to May 2011; and continues to serve as a Director of the company. Mr. Dorman serves on the Boards of YUM! Brands, Inc., CVS Caremark Corporation and Georgia Tech Foundation.

From October 2006 to May 2008, Mr. Dorman was Senior Advisor and Managing Director to Warburg Pincus LLC, a private equity firm. Mr. Dorman has also been a consultant to AT&T, Inc. ("New AT&T"),

a company that provides Internet and transaction-based voice and data services, since February 2006. Mr. Dorman was President of New AT&T from November 2005 until January 2006. Mr. Dorman was

Chairman of the Board and Chief Executive Officer of AT&T Corp. ("Old AT&T") from November 2002 until November 2005. Prior to this, Mr. Dorman was President of Old AT&T from 2000 to 2002, and the

Chief Executive Officer of Concert, a former global venture created by Old AT&T and British Telecommunications plc, from 1999 to 2000. Mr. Dorman was Chairman, President and Chief Executive Officer

of PointCast Incorporated from 1997 to 1999.

Mr. Dorman received a B.S. degree in Industrial Management with high honors from the Georgia Institute of Technology.

Massimo Ferragamo

Title :


Total Compensation : $206,696 %Change : 0

Education : -

J. David Grissom

Title :


Total Compensation : $216,696 %Change : -0.04

Education : -

Bonnie Guiton Hill

Massimo Ferragamo, is Chairman of Ferragamo USA, Inc., a subsidiary of Salvatore Ferragamo Italia, which controls sales and distribution of Ferragamo products in North America. Mr. Ferragamo has held

this position since 1985. Mr. Ferragamo has been a Director of YUM! Brands, Inc. since 1997.

J. David Grissom, is Chairman of Mayfair Capital, Inc., a private investment firm formed by Mr. Grissom in 1989. In addition, Mr. Grissom has been Chairman of The Glenview Trust Company, a private

trust and investment management company, since 2001. Mr. Grissom is a Director of Yum! Brands, Inc. (since 2003) and United Metro Media, Inc. Mr. Grissom served as a Director of Churchill Downs

Incorporated (1979-2010) and Providian Financial Corporation (1997- 2005).

Dr. Bonnie Guiton Hill, Ed.D., has served as a Director of Home Depot Inc since 1999, and as its Lead Director since April 2008. Dr. Bonnie Guiton Hill, Ed.D., has served as a Director of Home Depot

Inc. since 1999, and as its Lead Director since April 2008. Dr. Hill also serves as a Director of the following companies: AK Steel Holding Corporation (1994 to present); California Water Service

University of California, Berkeley.

Title :


Total Compensation : $215,096 %Change : 0.03

Education : -

Group (2003 to present); YUM! Brands, Inc. (2003 to present). She serves as President of B. Hill Enterprises, LLC, a consulting firm that she founded in July 2001, to advise companies and their

directors on these matters. Dr. Hill is also a Co-Founder of Icon Blue, Inc., a brand marketing company, where she has served as Chief Operating Officer since 1998. Ms. Hill has public sector

experience, including serving as a Director of NASD Regulations, Inc., a Member of the Investor Advisory Committee of the Public Company Accounting Oversight Board, a Member of the Investor Education

Foundation of the Financial Industry Regulatory Authority, Inc., Chair of the Consumer Affairs Advisory Committee of the SEC and a Trustee of the RAND Corporation. Dr. Hill previously served as

a Director of The Hershey Company (f/k/a Hershey Foods Corporation) (1993 - 2007), Albertson's, Inc. (2002 - 2006). Previously, she was President and Chief Executive Officer of The Times Mirror

Foundation, a charitable foundation affiliated with Tribune Company, from 1997 to 2001, and Senior Vice President, Communications and Public Affairs of the Los Angeles Times, a daily newspaper and

subsidiary of Tribune Company, from 1998 to 2001. Dr. Hill has also served as a Vice President with Kaiser Aluminum and Chemical Corporation. From 1992 to 1996, Dr. Hill served as Dean of the

McIntire School of Commerce at the University of Virginia.

Dr. Hill holds a Bachelor of Science Degree from Mills College; a Master's Degree from California State University; and, a Ed.D. from

Robert Holland

at Baruch College (CUNY).

Robert Holland, Jr., is a Managing Director of Essex Lake Group LLC, a profit enhancement advisory firm, a General Partner of The West Africa Fund and also maintains a consulting practice for

strategic development assistance to senior management of Fortune 500 companies. He has been a Managing Director and Advisory Board Member of Essex Lake Group, P.C., a strategy and management

consulting firm specializing in enhanced granular modeling and analytics, since 2009. Mr. Holland has been a Director of Lexmark International, Inc. since December 1998. He has also served as a

Director of the following companies during the past five years: Carver Federal Bank, Carver Bancorp, Inc. since 1999 (Lead Director since 2000), Neptune Orient Lines, Ltd. since 2004, and YUM!

Brands, Inc. since 1997.

Prior to October 2007, Mr. Holland was a General Partner and Industry Specialist with Cordova, Smart and Williams, a private equity firm. Previously, Mr. Holland served as

Chief Executive Officer of WorkPlace Integrators, a company he acquired in June 1997 and sold in April 2001. Prior to that, Mr. Holland was President and Chief Executive Officer of Ben & Jerry's

Homemade, Inc. from February 1995 to December 1996, Chairman and Chief Executive Officer of Rokher-J Inc. from 1991 to 1995, and from 1981 to 1984, Chairman of Gilreath Manufacturing, Inc. from 1987

to 1991, and Chairman and Chief Executive Officer of City Marketing from 1984 to 1987. Mr. Holland is a former Partner with McKinsey & Company, Inc. and held various positions at Mobil Oil

Corporation from 1962 to 1968.

Mr. Holland has a Bachelor's degree in Mechanical Engineering from Union College and a Master of Business Administration degree from the Zicklin School of Business

Title :



Education : -

Kenneth G. Langone

Kenneth G. Langone, has been the President and Chief Executive Officer of Invemed Associates, LLC, an investment banking firm, New York, New York, since 1974. He is also the Chairman of Invemed

Associates, LLC. Mr. Langone has served as a Director of Geeknet Inc. since July 8, 2010. He most recently served as Chairman of Geeknet until July 31, 2013, and was its Interim President and Chief

Executive Officer until March 1, 2013. Mr. Langone is also a Director of Unifi, Inc., Patlex Holdings Inc., YUM! Brands, Inc., St. Jude Medical Inc., Geisinger Foundation, Center For Strategic and

International Studies, GEFS (Suisse) AG, Micell Technologies, NYC2012, Inc., and Robin Hood Foundation. Mr. Langone has served as a Member of the Strategic Advisory Board at Markstone Capital Group

LLC. He is the Chairman of the Board of Trustees of New York University Medical School and Vice Chairman of the Board of Overseers of New York University Stern School of Business. Mr. Langone is a

Trustee and Member of the Executive Committee of New York University. In addition to his business affiliations, Mr. Langone has a long history of participating in philanthropic endeavors and

presently serves on several philanthropic Boards. Mr. Langone is a co-founder of the Home Depot, Inc. and served as a Director from 1978 to 2008.

Mr. Langone also served as a Director of

ChoicePoint, Inc. from 2002 to 2008 and of General Electric Co. from 1999 to 2005; and was a Director at InterWorld Corp. Baby Superstore, Inc., GMIS Incorporated, DBT Online, Inc., Kalypsys, Inc.,

Title :



Education : -

Jonathan S. Linen

and New York Stock Exchange, Inc.

Mr. Langone received an M.B.A. degree from the New York University's Stern School of Business and a B.A. degree from the Bucknell University.

Jonathan S. Linen, is Chairman of the board of the International Golf Association, a Trustee of the U.S. Council for International Business and a member of the Council on Foreign Relations. Mr. Linen

presides on the Policy Committee of the Travel Business Roundtable and is Vice Chairman of the Executive Committee of the World Travel & Tourism Council. He serves as a member of the Boards at Bausch

& Lomb, Yum! Brands, Inc., World Monuments Fund, the U.S. Travel & Tourism Promotion Advisory Board, and an Executive Committee member of NYC & Company. He was appointed as Non-Executive Director of

InterContinental Hotels Group on December 1, 2005. Mr. Linen has been an advisor to the Chairman of American Express Company, a diversified worldwide travel and financial services company, since

January 2006. Prior to his retirement Mr. Linen was Vice Chairman of American Express Company, a position he assumed in August 1993, subsequently acting as advisor to the Chairman of American Express

Company. He joined American Express Company in 1969 as Assistant to the Chairman. He came to American Express from the United States Army, where he served in Vietnam. From August 1993 until December

Title :

Tenure : 8 Age : 69


Education : -

Thomas C. Nelson

Title :

Tenure : 7 Age : 50


Education : -

Thomas M. Ryan

2005, he served as Vice Chairman of American Express Company. From 1992 to 1993, Mr. Linen served as President and Chief Operating Officer of American Express Travel Related Services Company, Inc.

From 1989 to 1992, Mr. Linen served as President and Chief Executive Officer of Shearson Lehman Brothers. Mr. Linen is also a former Chairman and now Honorary Member of the Board of Trustees of

National Urban League. He is a graduate of both The Gunnery School (1962) and Williams College (1966). Mr. Linen also graduated from the Management Development Program at Harvard Business School.

Thomas C. Nelson, has served as the President and Chief Executive Officer of National Gypsum Company, a building products manufacturer, since 1999, and was elected Chairman of the Board in January

2005. From 1995 to 1999, Mr. Nelson served as the Vice Chairman and Chief Financial Officer of National Gypsum Company. Mr. Nelson is also a General Partner of Wakefield Group, a North Carolina based

venture capital firm. Mr. Nelson serves as a Director of YUM! Brands, Inc., Belk, Inc. and Carolinas Healthcare Systems. Mr. Nelson previously worked for Morgan Stanley & Co., and in the United

States Defense Department as Assistant to the Secretary and was a White House Fellow.

Title :



Education : -

Robert D. Walter

Thomas M. Ryan, has served as a Director of Five Below, Inc., since 2011. In 2011, Mr. Ryan became an operating partner of Advent International as a part of its Operating Partner Program. In 2007,

Mr. Ryan again became the Chairman of CVS Caremark Corporation?s Board of Directors. Mr. Ryan serves as a Director of Yum! Brands, Inc. and Vantiv, Inc.

Prior to joining Five Below, Inc's Board

of Directors, Mr. Ryan served as the Chairman of the Board of Directors, President and Chief Executive Officer of CVS Caremark Corporation, a retail pharmacy and healthcare corporation, until he

retired in 2011. Mr. Ryan became the Chief Executive Officer of CVS Corporation in 1998 and he also served as the Chairman of the Board of Directors of CVS Corporation from 1999 to 2007 and

previously served as a Director of Bank of America Corporation.

Robert D. Walter, has served as a Director of American Express Company since 2002. Mr. Walter also serves as a Director of YUM! Brands, Inc. (2008), Battelle Memorial Institute and is a member of The

Business Council. Mr. Walter is the founder of Cardinal Health, Inc., a company that provides products and services supporting the health care industry. Mr. Walter retired from Cardinal Health in

June 2008. Mr. Walter is a private investor since 2008.

Prior to his retirement from Cardinal Health, Mr. Walter served as Executive Director from November 2007 to June 2008. From April 2006 to

Title :

Tenure : 5 Age : 67


Education : -

Jackie Trujillo - Inactive (Not Standing For Re-election)

Title :



Education : -

Robert J. Ulrich - Inactive (Retired)

November 2007, Mr. Walter served as Executive Chairman of the Board of Cardinal Health. From 1979 to April 2006, Mr. Walter served as Chairman and Chief Executive Officer of Cardinal Health. From

2006 to 2007, Mr. Walter was a Director of CBS Corporation.

Jackie Trujillo, has been Chairman Emeritus of the Board of Directors of Harman Management Corporation ("Harman"), one of KFC's largest franchisees, since July 2004. From 1995 to 2004, Ms. Trujillo

was Chairman of the Board of Harman. Ms. Trujillo was a Director of YUM! Brands, Inc. from 1997-2010.

Robert J. Ulrich, has been a Director of 3M Company since 2008.

Mr. Ulrich is the retired Chairman of the Board and Chief Executive Officer of Target Corporation, an operator of large-format

general merchandise and food discount stores. Mr. Ulrich began his retailing career as a merchandising trainee in Target's department store division in 1967 and advanced through various management

positions. Mr. Ulrich became Chairman and Chief Executive Officer of Target Stores in 1987 and was elected Chairman and Chief Executive Officer of Target Corporation in 1994. Mr. Ulrich retired as

Title :



Education : -

Andrall E. Pearson - Inactive (Not Reported)

until April 19, 2005.

Title :



Education : -

Commitees

Audit Committee

J. Grissom

Jonathan Linen

Kenneth Langone

Mirian Graddick-Weir

Robert Holland

Thomas Nelson

Corporate Governance & Nominating Committee

Target's Chief Executive Officer on May 1, 2008 and retired as Chairman of the Board on January 31, 2009. Other directorships in the past five years: YUM! Brands, Inc.

Education: Bachelor of arts

degree from the University of Minnesota.

Andrall E. Pearson, became Founding Chairman of Yum effective January 1, 2001. From August 15, 1997 to December 31, 2000, he served as Chairman of the Board of Yum, and previously served as Chief

Executive Officer from October 21, 1997 to January 1, 2000. Mr. Pearson served as an operating Partner of Clayton, Dubilier & Rice, a leveraged buy-out firm, from 1993 to 1997. He was President and

Chief Operating Officer of PepsiCo, Inc. from 1971 through 1984 and served on PepsiCo's Board of Directors for 26 years, retiring in April 1996. Mr. Pearson was also a Director of Citigroup Inc.

Bonnie Hill

David Dorman

Massimo Ferragamo

Robert Walter

Thomas Ryan

Executive Finance Committee

David Novak

J. Grissom

Kenneth Langone

Planning & Business Development Committee

Bonnie Hill

David Dorman

Massimo Ferragamo

Robert Walter

Thomas Ryan

Executive Compensation

Officers

David C. Novak

Compensation History

Year Values in 2012 2011 2010

Salary 1,450,000 1,474,038 1,400,000

Bonus N/A N/A N/A

Other Annual Compensation/Fees N/A N/A N/A

Stock Awards 773,022 773,024 740,005

Option Awards 5,625,960 5,807,028 5,029,877

Underlying Options/SARs (# of Securities) N/A N/A N/A

Non-Equity Incentive Plan Compensation 4,584,320 4,541,400 5,066,880

Change in Pension Value & Non-Qualified Deferr 1,345,665 7,507,185 2,038,361

Incentive Plan Payments N/A N/A N/A

All Other Compensation 389,388 309,177 338,783

Total Compensation 14,168,35520,411,85214,613,906

Jing-Shyh Sam Su



Salary 1,088,462 1,007,692 815,000

Stock Awards 385,029 324,986 7,106,211

Option Awards 2,467,739 1,668,280 1,387,559




All Other Compensation 5,042,547 1,842,530 909,904


Richard T. Carucci



Salary 877,692 810,769 715,000

Stock Awards 265,042 235,013 225,023

Option Awards 1,727,413 2,621,573 1,387,559



Change in Pension Value & Non-Qualified Deferr 687,438 4,764,483 361,071



Total Compensation 5,460,190 10,016,6364,336,311

Christian L. Campbell



Salary 509,231 493,846 478,846

Bonus 582,188 555,390 510,840

Option Awards 43,360 51,270 72,151

All Other Compensation 138,848 N/A 27,464

Total Compensation 1,273,627 1,100,506 1,089,301

Jonathan D. Blum

Ted F. Knopf

Timothy P. Jerzyk

David Russell

Patrick J. Grismer


Year Values in 2012

Salary 500,308

Stock Awards 1,014,347

Option Awards 493,551

Change in Pension Value & Non-Qualified Deferr 6,115

All Other Compensation 104,652

Total Compensation 2,118,973

Anne P. Byerlein

John P. Daly

Scott O. Bergren



Salary 650,000 647,692 610,769

Stock Awards 180,005 179,995 324,632

Option Awards 659,090 1,479,567 1,472,432

Non-Equity Incentive Plan Compensation 1,367,438 291,168 973,896

Change in Pension Value & Non-Qualified Deferr 6,006 N/A 22,863



Greg Creed



Salary 647,692 612,692 525,000

Stock Awards 194,995 1,209,992 528,080

Option Awards N/A 1,317,940 1,230,086

Underlying Options/SARs (# of Securities) 1,232,976 1,177,948 3,565,191

Non-Equity Incentive Plan Compensation 995,085 N/A N/A

Change in Pension Value & Non-Qualified Deferr 5,659 3,203 N/A



Roger Eaton

Graham D. Allan



Salary 898,558 815,000 811,923

Bonus N/A N/A N/A

Stock Awards 320,006 310,012 310,011

Option Awards 1,429,951 1,387,559 1,479,567

Underlying Options/SARs (# of Securities) N/A N/A 1,479,567


Change in Pension Value & Non-Qualified Deferr 2,006,951 1,572,049 732,364




Muktesh Pant


Year Values in 2012 2011

Salary 750,000 644,231

Stock Awards 250,027 169,986

Option Awards 1,727,413 2,418,782

Non-Equity Incentive Plan Compensation 1,620,000 1,110,038

Change in Pension Value & Non-Qualified Deferr 25,225 14,005

All Other Compensation 313,092 308,786

Total Compensation 4,685,757 4,665,828

Gregory N. Moore

Peter R. Hearl



Salary 648,077 627,885 498,077

Bonus N/A N/A 590,625


Option Awards N/A N/A 87,890

Underlying Options/SARs (# of Securities) 1,138,164 1,089,977 N/A

Non-Equity Incentive Plan Compensation 1,271,303 376,239 N/A

Change in Pension Value & Non-Qualified Deferr 447,647 1,086,370 N/A



David J. Deno



Salary 498,077 458,654 421,154

Bonus 867,000 729,173 780,938

Option Awards 73,242 82,458 99,100


Emil J. Brolick



Salary 629,577 535,962 472,308

Bonus N/A 1,128,503 614,531

Other Annual Compensation/Fees N/A N/A 59,721

Stock Awards 152,818 N/A N/A

Option Awards 1,178,749 75,879 87,890

Incentive Plan Payments 723,233 N/A N/A



Charles E. Rawley

Gregg R. Dedrick



Salary 438,846 426,634 175,961

Bonus 886,050 312,694 131,250

Other Annual Compensation/Fees 62,425 92,434 N/A

Option Awards 48,780 62,988 N/A

All Other Compensation 104,231 43,750 N/A

Total Compensation 1,540,332 938,500 307,211

Peter A. Bassi



Salary 535,000 512,692 483,462

Bonus 989,081 739,798 918,014

Other Annual Compensation/Fees N/A 56,681 N/A

Option Awards 33,692 82,458 80,270


Directors

David C. Novak



Salary 1,450,000 1,474,038 1,400,000

Bonus N/A N/A N/A


Stock Awards 773,022 773,024 740,005

Option Awards 5,625,960 5,807,028 5,029,877







Jing-Shyh Sam Su



Salary 1,088,462 1,007,692 815,000

Stock Awards 385,029 324,986 7,106,211

Option Awards 2,467,739 1,668,280 1,387,559




All Other Compensation 5,042,547 1,842,530 909,904


Mirian M. Graddick-Weir


Year Values in 2012

Stock Awards 322,500


Total Compensation 387,881

Michael J. Cavanagh


Year Values in 2012




David W. Dorman



Stock Awards 170,000 170,000 170,000

Option Awards 36,696 36,239 38,708

All Other Compensation N/A N/A 10,000

Total Compensation 206,696 206,239 218,708

Massimo Ferragamo



Stock Awards 170,000 170,000 170,000

Option Awards 36,696 36,239 38,708

All Other Compensation N/A N/A N/A


J. David Grissom



Other Annual Compensation/Fees 75,000 75,000 N/A

Stock Awards 75,000 75,000 170,000

Option Awards 29,749 30,854 36,696

All Other Compensation N/A 10,000 10,000


Bonnie Guiton Hill



Salary 67,500 N/A N/A

Other Annual Compensation/Fees N/A 85,000 85,000

Stock Awards 67,500 85,000 85,000

Option Awards 41,541 36,696 36,239



Robert Holland



Stock Awards 170,000 170,000 135,000

Option Awards 36,239 38,708 29,749



Kenneth G. Langone



Other Annual Compensation/Fees 135,000 N/A N/A

Stock Awards N/A 170,000 170,000

Option Awards 39,903 36,239 38,708

All Other Compensation 20,000 10,000 N/A


Jonathan S. Linen



Stock Awards 170,000 170,000 170,000

Option Awards 36,696 36,239 38,708



Thomas C. Nelson



Stock Awards 190,000 170,000 170,000

Option Awards 36,696 36,239 38,708



Thomas M. Ryan



Stock Awards 195,000 170,000 180,000

Option Awards 36,696 36,239 38,708



Robert D. Walter



Stock Awards 185,000 180,000 180,000

Option Awards 36,696 36,239 38,708



Jackie Trujillo



Salary 67,500 N/A N/A

Other Annual Compensation/Fees N/A 67,500 67,500

Stock Awards 67,500 67,500 67,500

Option Awards 41,541 29,749 39,903



Robert J. Ulrich


Year Values in 2006




Andrall E. Pearson

Insider Holdings

Holdings Summary

Total Insiders 36

Total Direct Shares 2,496,348

Total Indirect Shares 497,473

% Held By Insiders 0.56%

Filer's Name Relation Direct Dat Direct ShaIndirect D Indirect Shares

Blum Jonathan David SVP and Chi09/03/201322,131 08/06/20030

Grismer Patrick J Chief Finan09/03/20130 09/03/201317,840

Bergren Scott CEO PH an08/12/201336,897 0

Ferragamo Massimo Director 07/12/201353,429 02/18/20040

Creed Greg CEO - Taco07/01/201328,868 0

Russell David Eric Vice Presid05/01/20133,265 05/01/2013920

Su Jingshyh S Chair & CEO04/01/201390,868 04/01/2013278,361

Byerlein Hollan Anne Chief Peopl04/01/201314,150 04/01/20131,678

Carucci Richard President 04/01/20135,915 04/01/201326,833

Walter Robert D Director 03/25/201388,301 05/15/20080

Grissom J David Director 02/06/201390,498 02/06/201326,000

Pant Muktesh CEO YRI 01/24/201313,143 01/24/2013874

Eaton Roger G. Chief YUM 12/18/201218,235 04/04/20080

Nelson Thomas C Director 12/14/20128,288 12/13/20120

Dorman David W Director 12/13/201241,691 01/28/20050

Hill Bonnie Guiton Director 12/10/20121,748 12/10/20120

Novak David C Chair CEO 12/10/2012282,164 12/10/201230,548

Campbell Christain SVP GC a 08/03/201213,288 08/02/20040

Langone Kenneth G Director 03/06/2012659,562 12/22/20030

Allan Graham D Officer 12/13/2011477,826 0

Brolick Emil COO - Yu 09/01/20114 08/02/20040

Holland Robert Jr Director 07/15/201159,060 12/11/20030

Knopf Ted SVP Financ10/08/20104 0

Ryan Thomas M Director 10/01/200915,046 10/11/201227,811

Trujillo Jackie Director 07/01/200930,802 07/01/200928,000

Linen Jonathan S Director 12/17/20084,438 12/17/200810,000

Dedrick Gregg President, 04/01/20084,573 04/01/200812

Hearl Peter Chief Op. a12/03/200759,340 01/26/20040

Ulrich Robert J Director 10/17/200610,987 10/17/20060

Rawley Charles E III CDO 10/02/20069,093 10/02/2006666

Pearson Andrall Director 03/06/2006279,098 03/06/200635,000

Deno David COO 11/09/20052,502 11/09/200511,610

Moore Gregory N Sr. VP and 04/01/20051,307 04/01/2005902

Bassi Peter A President 01/04/200568,015 01/04/2005200

Lewis Aylwin B Pres, CMBO10/01/20041,812 07/21/20030

Woodford Brent Vice Presid10/10/20030 10/10/2003218

Insider Trades

3 Months

Summary (Direct Transactions Only3 Months 6 Months 12 Months24 Months

Total Shares Bought 113,419 532,622 1,621,021 3,433,968

Total Buy Value 3,315,97817,780,63041,466,48584,716,745

Source: J3 Information Services Group

Total People Bought 4 9 18 21

Total Buy Transactions 8 20 53 103

Total Shares Sold 97,808 484,300 1,514,696 3,226,126

Total Sell Value 7,149,26533,879,04203,355,72806,041,542

Total People Sold 5 8 15 18

Total Sell Transactions 13 28 61 124

End Date 06/10/201303/10/201309/10/201209/10/2011

Filer's Name Relation TiOff - Dir - Trans. Dat Form Action Price

Blum Jonathan David SVP and Chi1 - 1 - 09/03/2013 4 OE 29.29

Grismer Patrick J Chief Finan1 - 1 - 09/03/2013 4 OE 24.02

Blum Jonathan David SVP and Chi1 - 1 - 09/03/2013 4 D 70.48

Blum Jonathan David SVP and Chi1 - 1 - 09/03/2013 4 AS 70.51

Grismer Patrick J Chief Finan1 - 1 - 09/03/2013 4 AS 70.55

Bergren Scott CEO PH an1 - 1 - 08/12/2013 4 OE 29.61

Bergren Scott CEO PH an1 - 1 - 08/12/2013 4 D 75

Bergren Scott CEO PH an1 - 1 - 08/12/2013 4 AS 75.08






Ferragamo Massimo Director 1 - 1 - 07/12/2013 4 S 71.5

Creed Greg CEO - Taco1 - 1 - 07/01/2013 4 OE 69.34



Creed Greg CEO - Taco1 - 1 - 07/01/2013 4 D 69.34




Transaction Code Key :

A - Acquired NO /04/2012) D - Direct

ABomatic Buy NP 2/19/2013) I - Indirect

ASomatic Sell OEs Exercised

B - Buy PBPrivate Buy

D - Disposed PSPrivate Sell

IOal Ownership S - Sell

Ownership Code Key :

News

Recent News

Recent News Headlines - Latest

Source: J3 Information Services Group

McDonalds (MCD) And KFC (YUM) See China Sales Fall: Why Is One Beating The Other?

Teknowledge - International Business Times - 3:09PM, 10 September 2013

KFC Yum Center hosts just one concert in July, posts operating loss

Bizjournals - 1:48PM, 10 September 2013

Inequality's Threat to Our Fiscal Future

PolicyShop - 11:03AM, 10 September 2013

Smaller KFC Yum! Center arena tax district could raise more revenue

courier-journal - 8:45AM, 10 September 2013

Fast-Food Workers Are Right: Raise the Minimum Wage

TheStreet.com - 6:28AM, 10 September 2013

Yum! Brand sees same-store sales continue to fall

History

China Economic Net - 4:21AM, 10 September 2013

Are store additions by food retail chains sustainable?

Business Standard - 2:57PM, 9 September 2013

Yum China's August same-store sales below expectations

Resturant News - 2:52PM, 9 September 2013

Analysts: Yum May be Struggling in China and 3 Other Research Notes to Look Over

Wall St. Cheat Sheet - 2:14PM, 9 September 2013

Incorporated in North Carolina in 1997 as Tricon Global Restaurants Inc. Prior to Oct. 6, 1997, the business of Co. was conducted by PepsiCo, Inc. Present name adopted on May 16, 2002.

In 1997, Co. sold Chevys Mexican Restaurants, East Side Mario's, Hot n' Now, D'Angelo Sandwich Shops and California Pizza Kitchen.

On Oct. 6, 1997, PepsiCo, Inc. completed its spin off of its restaurant business to shareholders. Under the plan, PepsiCo shareholders of record on Sept. 19, 1997 received one share in the new

restaurant company, TRICON Global Restaurants, Inc., for every 10 PepsiCo shares they held.

acquisition.

On May 7, 2002, Co. acquired Long John Silver's and A&W All-American Food Restaurants from Yorkshire Global Restaurants, Inc. Co. paid approx. $275,000,000 in cash and assumed approx. $48,000,000 of

bank indebtedness in connection with the acquisition. The purchase price was allocated to the assets acquired and liabilities assumed based on estimates of their fair values at the date of

On Apr. 4, 2003, Co. acquired the Pasta Bravo restaurant concept for $5,000,000 from Pasta Bravo, Inc. The acquisition includes the recipes, cooking platform and trademarks, but no restaurant assets.

On Sept. 12, 2006, Co. completed the acquisition of the remaining 50% ownership interest of its Pizza Hut United Kingdom (U.K.) unconsolidated affiliate from its partner, paying approximately

$178,000,000 in cash, including transaction costs and net of $9,000,000 of cash assumed. Additionally, Co. assumed the full liability, as opposed to its 50% share, associated with the Pizza Hut

U.K.?s capital leases of $97,000,000 and short-term borrowings of $23,000,000.

In Dec. 2007, Co. sold its interest in its unconsolidated affiliate in Japan for $128,000,000.

During 2009, Co.'s China Division paid approx. $103,000,000 in several tranches, to purchase 27% of the outstanding common shares of Little Sheep Group Limited.

On May 4, 2009, Co. acquired an additional 7% ownership in the entity that operates more than 200 KFCs in Shanghai, China for $12,000,000, increasing Co.'s ownership to 58%.

On June 2, 2009, Co. acquired 19.99% interest in Little Sheep Group Ltd. for $63,700,000.

Historic News

11/16/2012

On Feb. 2, 2010, Co. acquired 7.3% interest in Little Sheep Group Ltd. for $38,700,000 in cash.

On July 1, 2010, Co. completed the exercise of its option with its Russian partner to purchase their interest in the co-branded Rostik's-KFC restaurants across Russia and the Commonwealth of

Independent States. As a result, Co. acquired company ownership of 50 restaurants and gained full rights and responsibilities as franchisor of 81 restaurants, which its partner previously managed as

master franchisee. Upon exercise of its option, Co. paid cash of $56,000,000, net of settlement of a long-term note receivable of $11,000,000, and assumed long-term debt of $10,000,000. The remaining

balance of the purchase price, anticipated to be $11,000,000, will be paid in cash in July 2012.

During the fourth quarter of 2011, Co. sold the Long John Silver's and A&W All American Food Restaurants brands to key franchise leaders and strategic investors in separate transactions.

On Feb. 1, 2012, Co. paid $584,000,000 to acquire an additional 66% interest in Little Sheep Group Limited, net of cash acquired of $44,000,000, a Chinese casual dining concept with approx. 450

system-wide restaurants headquartered in Inner Mongolia, China. This acquisition brought Co.'s total ownership to approx. 93% of the business.

11/29/2011

07/05/2002

On Nov. 16, 2012, Co.?s board of directors authorized Co. to repurchase up to $1,000,000,000 in additional shares of common stock and declared a dividend of $0.335 per share of common stock. The quarterly dividend will be distributed Feb. 1, 2013, to

shareholders of record at the close of business on Jan. 11, 2013. The $1,000,000,000 in additional share repurchases of Co.?s outstanding common stock is authorized through May 31, 2014. Repurchases of common stock may be made from time to time in the

open market or through privately negotiated transactions and will be subject to market conditions and other factors. Year-to-date, Co. has repurchased $815,000,000 of shares of common stock at an average price of $66.

On Nov. 28, 2011, Co. announced that its board has approved the share repurchase of an additional $750 million. The company has been consistently enhancing shareholders? returns. The Co. will buy back shares over the next 18 months.

RATING -- Ba1 AUTHORIZED -- $400,000,000. OUTSTANDING -- June 25, 2002, $400,000,000. DATED -- June 25, 2002 DUE -- July 1, 2012. INTEREST -- J&J 1 to holders of record on J&D 15 at 7.7% per annum, accruing from June 28, 2002. TRUSTEE -- Bank One Trust

Company, N.A. DENOMINATION -- Fully registered, $1,000 and integral multiples thereafter. CALLABLE -- As a whole or in part at any time at the option of Co., upon at least 30 but not more than 60 days notice, at the greater of (i) 100% and (ii) the sum

of the present values of the remaining scheduled payments of principal and interest discounted to the date of redemption on a semi annual basis at the treasury rate plus 45 basis points. plus in each case accrued interest to the date of redemption.

Edwards & Sons, Inc

03/26/2001

06/16/2000

11/30/1999

10/06/1999

06/08/1999

SINKING FUND -- None. SECURITY -- Unsecured. Rank equally with all other senior unsecured indebtedness of Co. INDENTURE MODIFICATION -- Indenture may be modified, except as provided, with the consent of a majority of notes outstg. RIGHTS ON DEFAULT --

Trustee or majority of notes outstg may declare principal due and payable (30 days grace for the payment of interest). PURPOSE -- Proceeds will be used to repay portions of indebtedness outstg under Co.'s bank credit facilities. OFFERED -- ($400,000,000)

at 99.450 (proceeds to Co. 98.325) on June 25, 2002 thru Salomon Smith Barney Inc.; J.P. Morgan Securities Inc.; Credit Lyonnais Securities (USA) Inc.; HSBC Securities (USA) Inc.; SunTrust Capital Markets, Inc.; Banc One Capital Markets, Inc.; and A.G.

Co. announced its Annual Meeting for Shareholders will be held on May 17, 2001.

Co. announced that Denise Ramos was named Treasurer and Brent Woodford was named Controller.

Co. announced that Andrall E. Pearson will resign as Chief Executive Officer effective Jan. 1, 2000, but will remain Chairman through the end of 2000. Co. selected President David C. Novak to succeed Pearson as Chief Execuitve Officer.

Co. anounced that the board of directors authorized the repurchase of up to $350 million of Co.'s outstanding common stock.

Co. named that Robert C. Lowes, Chief Financial Officer, left Co. to pursue other interests.

07/27/1998

Business

NAICS

Primary NAICS:

722211 - estaurants

SIC

Primary SIC:

5812 - ing places

Business Description

In July 1998, Co.'s board of directors adopted a shareholders rights plan under which rights will be distributed as a dividend at the rate of one right for each share of common stock, without par value, of Co. held by shareholders of record as of Aug. 3,

1998. The rights will expire on July 21, 2008. The rights generally will be exercisable only if a person or group acquires beneficial ownership of 15% or more of Co.'s common stock (or 20% or more if such person or group presently owns more than 10% of

Co.'s common stock) or commences a tender or exchange offer upon consummation of which such person or group would beneficially own 15% or more (or 20% or more, as the case may be) of the company's common stock.

Yum! Brands is a service restaurant company. Primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts), Co. develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of

food items. Most restaurants in each Concept provide consumers the capability to dine in and/or carry out food. In addition, Taco Bell and KFC provide a drive-thru option in several stores. Pizza Hut provides a drive-thru option on a limited basis. Pizza

Hut and, on a limited basis, KFC provide delivery service. In addition, Co. owns a controlling interest in Little Sheep Group Limited, a dining concept in Inner Mongolia, China; and also owns non-controlling interests in Chinese entities who operate in a

manner similar to KFC franchisees. Co. and its franchisees also operate multibrand units, primarily in the U.S., where two or more of the Concepts are operated in a single unit.

Following is a brief description of each Concept:

KFC restaurants across the world provide fried and non-fried chicken products such as sandwiches, chicken strips, chicken-on-the-bone and other chicken products marketed under a variety of names. KFC restaurants also provide a variety of side items

suited to local preferences and tastes. Restaurant decor throughout the world is characterized by the image of the Colonel.

Pizza Hut provides a variety of pizzas which are marketed under varying names. Each of these pizzas is provided with a variety of different toppings suited to local preferences and tastes. Several Pizza Huts also provide pasta and chicken wings,

including over 3,800 stores providing wings under the brand WingStreet, primarily in the U.S. Pizza Hut units include a red roof logo on their signage.

Taco Bell focuses on Mexican-style food products, including various types of tacos, burritos, quesadillas, salads, nachos and other related items. Taco Bell units include a bell logo on their signage.

Corporate Events

Co.'s business consists of six operating segments: YUM Restaurants China (China Division), YUM Restaurants International (YRI or International Division), Taco Bell U.S., KFC U.S., Pizza Hut U.S., and YUM Restaurants India (India Division). The China

Division includes mainland China and the India Division includes India, Bangladesh, Mauritius, Nepal and Sri Lanka. YRI includes the remainder of Co.'s international operations.

Co.'s registered trademarks and service marks include Kentucky Fried Chicken®, KFC®, Pizza Hut® and Taco Bell®, and Little Sheep marks.




: On Oct. 8 2013, Co. announced its 3rd quarter earnings after market (verified).


: On Oct. 9 2013, Co. announced its 3rd quarter earnings after market (inferred).




: On July 10 2013, Co. announced its 2nd quarter earnings after market (tentative).


: On July 10 2013, Co. announced its 2nd quarter earnings after market (verified).

Conference Call Announcements - July 11 2013

: On July 11 2013, Co. scheduled a conference call at 9:15 am.

15.71 14.04

234.23 187.52

37.67 35.11

12/26/2009

12/27/2008

19.44 17.89

23.01 25.28

31,045 33,661

0.35 0.25

0.73 0.55

(6.23) (11.81)

3.13 Equity<0

3.19 Equity<0

7.53 6.07

1.59 1.64

46.43 49.82

59.88 62.47

21.58 19.72

21.67 24.86

2.86 2.99

38.19 22.51

2.99 3.21

2.19 (0.24)

USD USD

Yes Yes

Millions Millions

12/26/2009

12/27/2008

12/26/2009

12/27/2008

12/26/2009

12/27/2008

12/26/2009

12/27/2008

12/26/2009

12/27/2008

Not Qualified

Not Qualified

9,413 9,843

1,423 1,436

10,836 11,279

3,003 3,239

2,154 2,370

2,777 2,856

7,934 8,465

1,221 1,342

118 74

103 43

26 5

36 41

68 -

- 100

- -

- 11

- 16

(104) (146)

9,246 9,773

1,590 1,506

- -

- -

(194) (226)

269 430

1,127 850

1,396 1,280

(21) 168

251 148

11 (1)

241 315

92 (12)

(30) 3

10 10

72 1

313 316

1,083 964

(12) -

1,071 -

471 475

483 491

469 459

2.28 2.03

2.22 1.96

0.8 0.72

- -

- -

350,000 336,000

77,000 81,000

USD USD

Yes Yes

Millions Millions

353 216

274 252

35 23

239 229

122 143

158 -

- -

156 -

314 -

- 172

81 81

99 110

1,208 951

538 517

3,800 3,596

282 259

2,627 2,525

7,247 6,897

3,348 3,187

3,899 3,710

640 605

462 335

144 65

- -

544 561

251 300

7,148 6,527

499 508

12/26/2009

12/27/2008

Not Qualified

Not Qualified

114 130

- -

342 376

98 87

100 -

260 372

1,413 1,473

82 114

56 15

- -

3 10

59 25

99 110

1,653 1,722

5 299

2,906 2,542

- 375

249 234

67 70

3,227 3,520

56 15

3,171 3,505

36 59

3,207 3,564

1,174 1,349

6,034 6,635

- -

253 7

996 303

47 (129)

(259) (272)

(12) (17)

(224) (418)

1,025 (108)

89 -

1,114 -

USD USD

Yes Yes

Millions Millions

1,083 964

580 556

103 43

(26) (5)

(280) (66)

- -

(68) -

- (100)

72 1

(36) (41)

31 41

(59) (44)

56 59

3 (6)

27 (8)

(7) 4

(62) 18

(95) 39

82 66

1,404 1,521

(797) (935)

194 266

- -

- -

- -

(24) (35)

(115) -

34 72

(19) (9)

(727) (641)

499 375

(528) (268)

(295) 279

(8) (11)

- (1,628)

59 44

113 72

(362) (322)

(20) -

(542) (1,459)

(15) (11)

12/26/2009

12/27/2008

Not Qualified

Not Qualified

120 (590)

17 17

216 789

353 216

209 248

308 260

Mkt Value D/I Shares Holdings Rank 3m +/-

278,255 D 9,500 31,631

99,841 D 4,157 4,157

470,031 D 6,669 24,962

199,614 D 2,831 22,131

293,276 D 4,157 0

2,115,457 D 71,444 89,833

3,475,950 D 46,346 43,487

494,789 D 6,590 36,897 (4.04)

278,255 D 9,500 31,631

100,215 D 4,157 4,157

484,203 D 6,586 25,045

214,317 D 2,914 22,131 (5.25)

289,535 D 4,157 0 (5.25)

243,100 D 3,400 53,429 (1.43)

69,617 D 1,004 29,369

278,255 D 9,500 31,631

96,083 D 4,157 4,157

34,739 D 501 28,868

465,380 D 6,699 24,932

194,754 D 2,801 22,131 (0.28)

289,577 D 4,157 0 (0.28)

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