Jollibee Foods Corp. · PSE:JFC
Jollibee Foods — Merger or Acquisition (January 2026)
24 slides from Jollibee Foods's merger presentation, Jan 13, 2026
Slide 1: Investor Briefing
Investor Briefing 13 January 2026
Slide 2: Reminder to Participants of Jollibee Foods Corporation's Investor/Analyst Briefing
Reminder to Participants of Jollibee Foods Corporation’s Investor/Analyst Briefing This briefing may include forward-looking statements that are based on certain assumptions of Management and are subject to risks and opportunities or unforeseen events. Actual results could differ materially from tho
Slide 3: Top of mind....
; | Top of mind....
Slide 4: Strategic Rationale
Strategic Rationale
Slide 5: What did Jollibee Foods Corporation announce?
What did Jollibee Foods Corporation announce? • JFC announced plans to separate its international business from its Philippine business • International business intended to be listed as an independent entity on a U.S. securities exchange • Philippine business will remain listed on the Philippine Sto
Slide 6: Why is JFC considering this separation?
Why is JFC considering this separation? How does management define success for the international entity post-listing? • Philippine and international businesses have expanded across geographies and brands with now diverging growth trajectories, operating models, and capital intensity. The contemplate
Slide 7: Why pursue a US listing for the international business?
Why pursue a US listing for the international business? Why choose US over other indices? • US capital markets have a deep investor base experienced in valuing global consumer and restaurant growth companies • US has the highest market capitalization F&B companies, and investors that also appreciate
Slide 8: JFC consistently leads and achieves double-digit topline and bottomline growth
JFC consistently leads and achieves double-digit topline and bottomline growth Store Network (absolute) SWS Revenues 10,304 115.1 76.4 CAGR: 15.1% 9,598 CAGR: 22.3% 98.5 CAGR: 19.7% 67.7 61.5 87.0 55.4 77.8 6,351 6,720 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 9: Sustained Growth Momentum in International Operations
Sustained Growth Momentum in International Operations Store Network (absolute) SWS Revenues 34.0 54.9 CAGR: 26.7% 6,859 CAGR: 25.5% CAGR: 22.5% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2024 2025 2
Slide 10: Philippine KPIs: Consistent Performance Across Core Metrics
Philippine KPIs: Consistent Performance Across Core Metrics Store Network (absolute) SWS Revenues 3,445 60.2 42.3 CAGR: 1.8% CAGR: 19.8% CAGR: 17.7% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2024 2
Slide 11: Impact to Shareholders
Impact to Shareholders
Slide 12: How will this impact shareholders? How will shareholder rights be protected?
How will this impact shareholders? How will shareholder rights be protected? • Preserving economic interest of shareholders in both domestic and international businesses, subject to applicable tax, regulatory and legal considerations, remains to be a key operating principle • Shareholders have the o
Slide 13: How is this intended to unlock value for shareholders?
How is this intended to unlock value for shareholders? • The current consolidated structure combines two businesses with distinct economic models into a single equity story • The contemplated separation intends to allow for clearer financial narratives, improved transparency in performance drivers,
Slide 14: How will shares of the international company be distributed to existing shareholders?
How will shares of the international company be distributed to existing shareholders? Will shareholders hold two independently tradable securities? • Upon implementation, then-current shareholders will receive shares subject to tax, regulatory and legal requirements, in the international company cor
Slide 15: Impact to Business Operations and Governance
Impact to Business Operations and Governance
Slide 16: Will the two companies operate independently post-separation?
Will the two companies operate independently post-separation? Will this create duplication or inefficiencies at the corporate level? • Each entity will operate as a fully independent entity post-separation, consistent with the design principle of operational independence • Each entity will have its
Slide 17: Will this affect store operations, customers or franchisees?
Will this affect store operations, customers or franchisees? • No impact on customers who will continue to enjoy the same products, service, and brand experience across all JFC brands • No immediate changes to store operations or franchise arrangements; franchisees will continue to operate under exi
Slide 18: Will employees or management change as a result of this announcement?
Will employees or management change as a result of this announcement? • No immediate changes to roles, management structure, or employment levels as a result of this announcement • JFC will continue to evaluate and define the structure, process, and mechanics of the contemplated transaction • Any fu
Slide 19: How will governance, board composition, and management incentives be structured post-spin?
How will governance, board composition, and management incentives be structured post-spin to ensure alignment between JFC parent shareholders and minority investors in the listed international unit? • Operational independence is the guiding principle for the new structure. • International business w
Slide 20: Capital Management
Capital Management
Slide 21: Will group-level financing support for international subsidiaries change?
Many international subsidiaries currently rely on group-level financing support. Will this change as a result of the separation? • The contemplated separation does not imply any immediate changes to existing financing or support arrangements • Current financing structures for international subsidiar
Slide 22: Timeline and Execution
Timeline » and Execution
Slide 23: Why is the intended execution window late 2027?
Why is the intended execution window late 2027? What factors could accelerate or delay the timeline? • The late 2027 execution window reflects the scale and complexity of preparing two companies for independent operation and potential listing • Key preparation areas include regulatory processes, aud
Slide 24: Thank You!
Thank You! Jollibee Group NS
Jollibee Foods — Merger or Acquisition (January 2026) on 6ix