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d d d d oN d Yum!Model Evolution to High Return Businesses201035,14127,2542000 China YRI OtherFranchiseNumber of Worldwide RestaurantsStrong Global Portfolio Generates DoubleDigit EPS GrowthOngoing EPS Growth Model~2% 13%China YRI Taco Bell Other CF Modeled. . Driven GrowthProfit隱丨:^5% +1〇% +6%Growth +3% Yum!17Yum!: Truly Global.78%2010F 2015F1998Operating Profit SourceNote: Numbers are ApproximateYum! China: Significant Lead over Western QSRNumber of Restaurants 3,900And Growing Faster400Forecasted 2011 New Units 475KFC Development Reaches Deep into China% of Total New Builds by TierTier 115%50 to 6033% Tier 2 New CitiesEach Year!Tier 3 652%2010Yum!25Yum! China: Outstanding MarginsChina Restaurant Margin % Net Sales20% 22%39。0139。10 F5483,900$$Yum!UnitsSystem Sales (Bn.)16Numbers are approximateEmerging Markets on the Groun