PepsicoPEP

01Operations outside the United States generated 43% of consolidated net revenue in the 24 weeks ended June 13, 2026 Mexico, Russia, Canada, China, the United Kingdom, Brazil and South Africa collectively comprised 25% of consolidated net revenue We sell a wide variety of beverages and convenient foods in more than 200 countries and territories The 2019 Productivity Plan leverages new technology and business models to further simplify, harmonize and automate processes; re-engineers our go-to-market and information systems, including deploying the right automation for each market; and simplifies our organization and optimizes our manufacturing and supply chain footprint

02The 2019 Productivity Plan expects to incur pre-tax charges of approximately $6.15 billion, including cash expenditures of approximately $5.1 billion Plan-to-date through June 13, 2026, we have incurred pre-tax charges of $3.8 billion, including cash expenditures of $3.0 billion We expect to incur the majority of the remaining pre-tax charges and cash expenditures through 2027, with the balance to be incurred through 2030 Operating profit increased 125%, primarily driven by productivity savings, effective net pricing, lower restructuring charges APAC operating profit increased 103%, primarily reflecting productivity savings and a 10-percentage-point impact of lower commodity costs, primarily potatoes and packaging materials

03PepsiCo converts operating profit into substantial, predictable free cash that supports a growing dividend and buyback; Tier-1 commercial paper access implies investment-grade ratings are maintained, preserving cheap debt funding for capital returns.

04In the 24 weeks ended June 13, 2026, favorable foreign exchange contributed to net revenue performance by 3 percentage points primarily due to an appreciation of the Mexican peso and Russian ruble LatAm net revenue increased 16%, reflecting a 12-percentage-point impact of favorable foreign exchange translation, driven primarily by the strengthening of the Mexican peso, and effective net pricing LatAm operating profit increased 19%, primarily reflecting effective net pricing, productivity savings and a 14-percentage-point impact of favorable foreign exchange translation