Pepsico Annual Report

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Introduction

Good for all is good for business.
At PepsiCo, Performance with Purpose means delivering sustainable growth by investing in a healthier future for people and our planet.

As a global food and beverage company with brands that stand for quality and are respected household names — Pepsi-Cola, Lay’s, Quaker Oats, Tropicana and Gatorade to name but a few — we will continue to build a portfolio of enjoyable and healthier foods and beverages, find innovative ways to reduce the use of energy, water and packaging, and provide a great workplace for our associates. Additionally, we respect,

support and invest in the local communities where we operate, by hiring local people, creating products designed for local tastes and partnering with local farmers, governments and community groups. Because a healthier future for all people and our planet means a more successful future for PepsiCo. This is our promise.

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PepsiCo Sustainability Summary 2010

About PepsiCo

It all starts with Performance.

PepsiCo is the largest food and beverage business in North America and the second-largest in the world. Our brands include Pepsi-Cola, Lay’s, Quaker Oats, Tropicana and Gatorade, as well as Naked, Aquafina, Cheetos, 7UP (outside the U.S.), Sabra and Izze, to name a few. We also have a variety of strong international brands in our key markets, such as Mirinda in Europe and Gamesa in Latin America. Within these markets, we offer products that satisfy local tastes, including Quaker Congee in China, Sabritas in Mexico and Kurkure in India. PepsiCo is a company of approximately 294,000 dedicated people who work in 700 facilities around the world, including manufacturing sites, research and development facilities, distribution centers and offices. We sell our products in more than 200 countries and territories, and have a presence through our supply chain and partnerships in countless communities around the world. Perhaps most importantly, PepsiCo is a company of diverse people and wide-ranging expertise, so we are able to respond quickly to our markets and customers, as well as the evolving needs of the countries, cultures and communities in which we operate. From forming research partnerships with leading scientific minds on innovations in sustainable farming … to collaborating with small businesses in local markets to identify local needs … to focusing our innovation efforts to provide greater choice to consumers … to establishing community improvement initiatives where our people live and work … PepsiCo and our people are always focused on making a positive impact.

Our long-term profitable growth is linked inextricably to our ability to deliver our sustainability objectives, and our strong performance both enables and is enabled by Performance with Purpose.

2010 Financial Highlights
PepsiCo, Inc. and Subsidiaries (in millions except per share data; all per share amounts assume dilution) Summary of Operations 2010 2009 Change

Total net revenue Core division operating profit* Core total operating profit* Core net income attributable to PepsiCo* Core earnings per share attributable to PepsiCo* Global Net Revenue Mix

$57, 838 $10, 626 $ 9, 773 $ 6, 675 $ 4.13

$43, 232 $ 8, 647 $ 7, 856 $ 5, 846 $ 3.71

34% 23% 24% 14% 12%

2010 Product Portfolio Net Revenue Mix Good/Better-For-You Beverages and Snacks Fun-For-You Snacks 46% 17%

2010 2005 39%

47%

International
37% 2010 2005 21% 30% Fun-For-You Beverages

Emerging Markets

* Core results and core results on a constant currency basis are non-GAAP measures that exclude certain items. Please see pages 64 and 108 in our 2010 Annual Report at www.pepsico.com for a reconciliation to the most directly comparable financial measures in accordance with GAAP.

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About PepsiCo

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Management Approach

For PepsiCo, the benefits of global expansion include: maximizing growth potential, gaining global scale and achieving geographic...
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