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Lien Decock	2009-2010
Introduction History Annualresults 2008 Table of contents
INTRODUCTION
HISTORY
History 1997KFC, PH,TB 2001Quaker Oats 1898°Pepsico 1965FritoLay 1998Tropi-cana 2005Pepsico beats CC
Overviewbrands
ANNUAL RESULTS 2008
Net incomeNet income per share - 6% - 9%
Taxbenefits Restructuring and impairment charges ↑ Share PBG Reasons
Net revenueOperatingprofit
Operatingprofit Mark-to-MarketNet Impact (million $) Commodityderivatives Losses in corporate unallocated expenses
Cost competitiveness ↑ Upgrade product portfolio Simplify organization Operatingprofit Restructuring and impairment charges (million $)
Per division FLNA = Frito-LayNorthAmerica QFNA = Quaker Foods  NorthAmerica PAB = PepsiCo AmericasBeverages LAF = LatinAmerica Foods UKEU = United Kingdom & Europe MEAA = Middle East, Africa & Asia
Operatingactivities Investingactivities Financingactivities Cash utilization
Restructuringpayments(ProductivityforGrowth) Pension + retireemedicalcontributions Future? Operating activities
Capitalspending Acquisitions Future? Investing activities
Sharerepurchases Dividend payments Financing activities
Thankyouforyourattention!

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