1、YUM!BRANDS 2022 ANNUAL REPORTUNLOCKING OPPORTUNITY FORGOOD GROWTHUNLOCKING OPPORTUNITY FOR GOOD GROWTHABOUT THE PAPER USED FOR THIS REPORT The inks used in the printing of this report contain an average of 25%-35%vegetable oils from plant derivatives,a renewable resource.They replace petroleum based

2、 inks as an effort to also reduce volatile organic compounds(VOCs).The cover and all pages of this report were printed using FSCcertified paper made from responsible HIGHLIGHTS (In millions,except for per share amounts)Year-end 2022 2021%B/(W)change Company sales$2,072$2,106 (2)Franchise and propert

3、y revenues 3,096 2,900 7Franchise contributions for advertising and other services 1,674 1,578 6Total revenues$6,842$6,584 4Operating Profit$2,187$2,139 2Net Income$1,325$1,575 (16)Reported Diluted Earnings Per Common Share$4.57$5.21(12)Special Items Diluted Earnings Per Common Share(a).06 .75 NMDil

4、uted Earnings Per Common Share before Special Items(a)$4.51$4.46 1Net Cash Provided by Operating Activities$1,427$1,706(16)(a)See our 2022 Form 10-K for further discussion of Special Items.At Yum!Brands,we have a bold vision for building the worlds most loved,trusted and fastest growing restaurant b

5、rands through our Recipe for Good Growth.As the worlds largest restaurant company,our diversified global system includes approximately 1,500 franchisees operating more than 55,000 restaurants in over 155 countries and territories.Our iconic KFC,Taco Bell,Pizza Hut and The Habit Burger Grill brands d

6、elight millions of customers daily with our craveable food and memorable experiences.We and our franchisees are proud of the meaningful career opportunities we provide to unlock opportunity for team members and for the communities we serve.In 2022,we celebrated our 25th anniversary as a public compa