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Yum!Note: 2022 Units as of third quarter, excludes license units. Other includes . Company and Franchise and YRI Company units. 15 Yum! 2022 35,141 27,254 2022 China YRI Other Franchise Model Evolution to High Return Businesses Number of Worldwide Restaurants Growth +3%Yum! 16 Strong Global Portfolio Generates DoubleDigit EPS Growth Ongoing EPS Growth Model Profit 隱丨 :^5% +1〇 % +6%~2% 13% China YRI Taco Bell Other CF Modeled . . Driven Growth Yum!: Truly Global 1998 Operating Profit Source . 78% 2022F 2022F Note: Numbers are Approximate Yum! China: Significant Lead over Western QSR Number of Restaurants 3,900 400 And Growing Faster Forecasted 2022 New Yum! 21 Units 475 15% KFC Development Reaches Deep into China % of Total New Builds by Tier Tier 1 50 to 60 33% Tier 2 New Cities Each Year! Tier 3 6 52% 2022Yum! 23 Yum! China: Outstanding Margins China Restaurant Margin % Net Sales 20% 22% Numbers are approximate39。01 39。10 F 548 3,900 $ $ Yum! Units System Sales