Yum! Brands, Inc., based in Louisville, Ky., is the world’s largest restaurant company in terms of system units with more than 39,000 restaurants in more than 125 countries and territories and 1.4 million associates. Yum! is ranked #213 on the Fortune 500 List and generated more than $13 billion in revenue in 2012. Our brands - KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories.

The Yum! system includes four operating segments: U.S., International (Yum! Restaurants International), China and India Divisions. Outside the United States in 2012, the Yum! system opened approximately five new restaurants each day of the year, making it a leader in international retail development.

At Yum! we're building a vibrant global business by focusing on four key business strategies:

• Build leading brands across China in every significant category
• Drive aggressive international expansion and build strong brands everywhere
• Dramatically improve U.S. brand positions, consistency and returns
• Drive industry-leading, long-term shareholder and franchisee value

Results for 2012 once again affirmed our consistent record of success with 13% Earnings Per Share (EPS) growth, which marks the eleventh straight year we delivered at least 13% growth and exceeded our 10% EPS growth target. For the full year 2012, we opened 1,976 new restaurants outside the U.S. Importantly, we achieved Return on Investment Capital (ROIC) of 22%+ and continued to be an industry leader.

We're proud of the unique culture we've built, one that's filled with energy, opportunity, and fun. We believe in our people, trust in their positive intentions, encourage ideas from everyone, and have actively developed a workforce that is diverse in style and background. Yum! is a place where anyone can, and does, make a difference.