1. Brands… andthe restaurant/fast food industry Module9Presentation Curtis Vercruysse

2. Company Snapshot: Over 40,000 restaurants-KFC, Pizza Hut, and Taco Bell World leaders of chicken, pizza, and Mexican style food categories Four Divisions: U.S., China, International, India Over 70% of profits from outside U.S. Restaurants are 20% company owned, 75% franchisee owned, and 5% licensee owned

3. Revenue and Restaurant Breakdown:

4. Game Changer…

5. Comparing the Models

6. Forecasts From Value Line

7. Value Line’s Implied Annual Growth

8. Value Line’s Implied Forecasts

9. Implied DDM

10. Implied Residual Income

11. Sensitivity Analysis

12. Questions???