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Yum China Holdings investor presentation dated May 2022.
First Quarter 2022 Results
2Cautionary Statement on Forward- Looking Statements & Non- GAAP Measures
This presentation contains “forward-looking statements” within themeaning ofSection 27AoftheSecurities Actof1933 andSection 21Eofthe
Securities Exchange Actof1934 .Weintend allforward-looking statements tobecovered bythesafe harbor provisions ofthePrivate Securities
Litigation Reform Actof1995 .Forward-looking statements generally canbeidentified bythefactthatthey donotrelate strictly tohistorical or
current facts andbytheuseofforward-looking words such as“expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,”
“plan,” “estimate,” “target,” “predict,” “project,” “likely,” “will,” “continue,” “should,” “forecast ,””commit,” “outlook” orsimilar terminology .These
statements arebased oncurrent estimates andassumptions made byusinlight ofourexperience andperception ofhistorical trends, current
conditions andexpected future developments, aswellasother factors thatwebelieve areappropriate andreasonable under thecircumstances,
butthere canbenoassurance that such estimates andassumptions willprove tobecorrect .Forward-looking statements include, without
limitation, statements regarding thefuture strategies, growth, business plans, investment, dividend and share repurchase plans, earnings,
performance andreturns ofYum China, anticipated effects ofpopulation andmacroeconomic trends, theexpected impact oftheCOVID -19
pandemic, theanticipated effects ofourinnovation, digital anddelivery capabilities andinvestments ongrowth andbeliefs regarding thelong-
term drivers ofYum China’s business .Forward-looking statements arenotguarantees ofperformance andareinherently subject toknown and
unknown risks anduncertainties thataredifficult topredict andcould cause ouractual results orevents todiffer materially from those indicated
bythose statements .Wecannot assure youthatanyofourexpectations, estimates orassumptions willbeachieved. The forward-looking
statements included inthispresentation areonlymade asofthedate ofthispresentation, andwedisclaim anyobligation topublicly update any
forward-looking statement toreflect subsequent events orcircumstances, except asrequired bylaw.Numerous factors could cause ouractual
results orevents todiffer materially from those expressed orimplied byforward-looking statements, including, without limitation: whether weare
able toachieve development goals atthetimes andintheamounts currently anticipated, ifatall,thesuccess ofourmarketing campaigns and
product innovation, ourability tomaintain food safety andquality control systems, thechanges inpublic health conditions, including theCOVID -
19pandemic andregional outbreaks caused byexisting ornew COVID -19variants, ourability tocontrol costs andexpenses, including tax
costs, aswellaschanges inpolitical, economic andregulatory conditions inChina. Inaddition, other risks anduncertainties notpresently known
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