Pizza Hut 2015 Annual Report Download - page 109

YUM! BRANDS, INC.-2015 Form10-K 1
Form 10-K
Forward-Looking Statements
In this Form 10-K, as well as in other written reports and oral statements, we present “forward-looking statements” within the meaning of Section27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend all forward-looking
statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and we are including this statement for
purposes of complying with those safe harbor provisions.
Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements often include
words such as “may,” “will,” “estimate,” “intend,” “seek,” “expect,” “project,” “anticipate,” “believe,” “plan,” “could,” “target,” “predict,” “likely,” “should,”
“forecast,” “outlook,” “model,” “ongoing” or other similar terminology. Forward-looking statements are based on our current expectations, estimates,
assumptions or projections concerning future results or events, including, without limitation, statements regarding the intended capital return to shareholders
as well as the related borrowing required to fund such capital return, the planned separation of the Yum! Brands and Yum! China businesses, the timing
of any such separation, the future earnings and performance as well as capital structure of Yum! Brands, Inc. or any of its businesses, including the
Yum! Brands and Yum! China businesses on a standalone basis if the separation is completed. Forward-looking statements are neither predictions nor
guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions
that could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations,
estimates or projections will be achieved. Factors that could cause actual results and events to differ materially from our expectations and forward-
looking statements include (i) the risks and uncertainties described in the Risk Factors included in Part I, Item 1A of this Form 10-K and (ii) the factors
described in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Part II, Item 7 of this Form 10-K. You
should not place undue reliance on forward-looking statements, which speak only as of the date hereof. The forward-looking statements included in
this announcement are only made as of the date of this announcement and we disclaim any obligation to publicly update any forward-looking statement
to reflect subsequent events or circumstances.