Safe Harbor Statement of Terms& Non-GAAP InformationNote: This presentation should be viewed in conjunction with <strong>PepsiCo</strong>’s presentation at the Sanford Bernstein StrategicDecisions Conference on May 29, 2013 and <strong>PepsiCo</strong>’s 8-K filed with the Securities and Exchange Commission on May29,2013.Safe Harbor Statement• Statements in this communication that are "forward-looking statements,” including statements about <strong>PepsiCo</strong>’s 2013 guidance and longtermtargets, are based on currently available information, operating plans and projections about future events and trends. Terminologysuch as “believe,” “expect,” “intend,” “estimate,” “project,” “anticipate,” “will,” “expressed confidence,” “position” or similar statements orvariations of such terms are intended to identify forward-looking statements, although not all forward-looking statements contain suchterms. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from thosepredicted in such forward-looking statements. Such risks and uncertainties include, but are not limited to: changes in demand for<strong>PepsiCo</strong>’s products, as a result of changes in consumer preferences and tastes or otherwise; changes in the legal and regulatoryenvironment; <strong>PepsiCo</strong>’s ability to compete effectively; <strong>PepsiCo</strong>’s ability to grow its business in emerging and developing markets orunstable political conditions, civil unrest or other developments and risks in the markets where <strong>PepsiCo</strong>’s products are sold; unfavorableeconomic conditions in the countries in which <strong>PepsiCo</strong> operates; increased costs, disruption of supply or shortages of raw materials andother supplies; failure to realize anticipated benefits from <strong>PepsiCo</strong>’s productivity plan or global operating model; disruption of <strong>PepsiCo</strong>’ssupply chain; damage to <strong>PepsiCo</strong>’s reputation; failure to successfully complete or integrate acquisitions and joint ventures into <strong>PepsiCo</strong>’sexisting operations or to complete or manage divestitures or refranchisings; <strong>PepsiCo</strong>’s ability to hire or retain key employees or a highlyskilled and diverse workforce; trade consolidation or the loss of any key customer; any downgrade or potential downgrade of <strong>PepsiCo</strong>’scredit ratings; <strong>PepsiCo</strong>’s ability to build and sustain proper information technology infrastructure, successfully implement its ongoingbusiness transformation initiative or outsource certain functions effectively; fluctuations in foreign exchange rates; climate change, or legal,regulatory or market measures to address climate change; failure to successfully renew collective bargaining agreements or strikes orwork stoppages; any infringement of or challenge to <strong>PepsiCo</strong>’s intellectual property rights; and potential liabilities and costs from litigationor legal proceedings.• For additional information on these and other factors that could cause <strong>PepsiCo</strong>’s actual results to materially differ from those set forthherein, please see <strong>PepsiCo</strong>’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-Kand subsequent reports on Forms 10-Q and 8-K, including <strong>PepsiCo</strong>’s 8-K filed on May 29, 2013. Investors are cautioned not to placeundue reliance on any such forward-looking statements, which speak only as of the date they are made. <strong>PepsiCo</strong> undertakes no obligationto update any forward-looking statements, whether as a result of new information, future events or otherwise.Non-GAAP Information• Please refer to the “Investors” section of <strong>PepsiCo</strong>’s web site at www.pepsico.com under the heading “Investor <strong>Presentation</strong>s” to finddisclosure and a reconciliation of any non-GAAP financial measures contained herein.Glossary• Please refer to the Glossary and attachments to <strong>PepsiCo</strong>’s 8-K filed with the Securities and Exchange Commission on May 29, 2013available at www.pepsico.com for the definitions of core, constant currency, organic and certain other terms used herein.2
PEP: Portrait of a Consistent, Durable CPGRevenue $65BOrganic Revenue Growth 5%Core Operating Margin 15%Core Net ROIC 15%10 Year EPS CAGR 9%10 Year Dividends Per Share CAGR 14%10 Year Cumulative Cash Returns $53BAll figures are for the year 2012. Certain of the above items represent non-GAAP financial measures that exclude certain items. Please refer to the “Reconciliation of GAAP and Non-GAAPInformation” attachment posted on May 29, 2013 under the "Investors - Investor <strong>Presentation</strong>s” section on <strong>PepsiCo</strong>’s website at www.pepsico.com to find disclosure and a reconciliation of theabove non-GAAP financial measures.3
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