Sandeep Kohli, Managing DirectorSandeep Kohli, Managing Director

Yum! IndiaYum! India

1.1 billion people, 1/6 of the worlds population, growing at 1.5% per year

7%+ GDP growth expected in the future

300 million middle class and growing

Service sector creating huge number of young consumers

400 malls under development, retail landscape changing

India . . . Huge Potential Market for Yum!

Source: Government agencies/Goldman Sachs

Largest, fastest growing Pan India restaurant company

Fully resourced, local management team

Highly educated workforce . . . 90%+ with college degrees

Highly preferred employer

Network of well-resourced, committed franchise partners

Distribution and supply chain in place

Yum! India . . . Strong Capability to Drive Expansion

Pizza Hut India History

Started in 1996

Two franchisees began development

International brand with Indian heart products, service, assets

Consistently voted as the most trusted food-service brand

Pizza Hut

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2

127

96 97 98 99 00 01 02 03 04 05 F

Where We Are Today

8 franchisees

Pizza Hut largest QSR brand in India, growing at 40%

Wide brand appeal, pizzas starting at 50 rupees ($1.10)

31 cities31 cities

Total Restaurants

Established a National Presence

Pune

CochinCoimbatore

Vizag

Baroda

Jodhpur

Agra

Amritsar

Jalandhar

Pondicherry

Surat

Ahmedabad

Ludhiana

Mathura

Meerut

Kanpur

Mysore

Mangalore

Hubli

Vapi

Development on Pace for an Emerging Market

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132

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1 2 3 4 5 6 7 8 9 10

Pizza Hut IndiaTotal Restaurants by Market

Pizza HutIndia

KFCChina

Years of DevelopmentYears of Development

Solid Unit Economics in Early Phase

23%Cash Flow Margin (Pre-royalty)

300Cash Investment ($ thousands)

400+Average Unit Volume ($ thousands)

Growth Plan for 2006

5New Cities

Number of New Openings

35New Restaurants

KFC India History

Started in 1995 first western QSR

Faced political issues in first attempt (95 96)

Relaunched in 03 new asset design, wider vegetarian menu

Equity restaurant opened in Hyderabad in 05

KFC

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1

95 96 97 98 99 00 01 02 03 04 05 F

Where We Are Today

5 franchisees and company investment has begun

Developed vegetarian menu . . . 1/3 of population

KFC rice meal starting at 50 rupees ($1.10)

In six cities: Bangalore, Hyderabad, Calcutta, Pune, Chandigarh, Ludhiana

Total Restaurants

KFC Menu

299 40 49 77 87 89 99

36 39 67 73

Vegetarian Items

Vegetarian Meals

Solid Unit Economics in Early Phase

20%Cash Flow Margin (Pre-royalty)

500Cash Investment ($ thousands)

600+Average Unit Volume ($ thousands)

KFC Growth Plan for 2006

3New Cities

Number of New Openings

15New Restaurants

Why We Are So Optimistic about India

Tremendous long-term GDP growth potential

Large middle class, growing rapidly

Open landscape for well-executed brands

Yum! success factors

Infrastructure in place

Local team, supply chain established, well-resourced franchisees

5,000+ strong local Yum! family deep rooted operating capability

Pizza Hut, a highly trusted brand

Full speed ahead on development