PEPSICO, INC.
PURCHASE, NY

Global Food and Beverage company We are a leading global food and beverage company with brands that are respected household names throughout the world. PepsiCo is one of the world's leading food and beverage companies with over $63 billion in net revenue in 2017 and a global portfolio of diverse and beloved brands. PepsiCo's products are sold in more than 200 countries and territories around the world. Meet the global divisions that make it all possible. PepsiCo began in 1965 with the merger of Pepsi-Cola and Frito-Lay. Today, it's a global food and beverage leader. Discover many of the most significant moments in the story of PepsiCo. PepsiCo's strength is its people. Take a moment to meet some of the men and women who lead and inspire us. We are over 250,000 game changers, mountain movers and history makers, scattered around the world, and united by a shared set of values and goals. Explore and learn more about the possibilities at PepsiCo. Quaker, one of the most trusted food brands for more than 135 years, includes a portfolio with a wide range of nourishing and delicious meal and snack choices that help fuel healthy families. Holding leadership positions in their respective categories, Quaker® Oats, Quaker® Rice Cakes and Quaker® Chewy® Granola Bars are consumer favorites. Quaker also produces popular cold cereals like Quaker® Life® Cereal and Cap'n Crunch®, iconic Rice-A-Roni side dishes and beloved Aunt Jemima® pancake syrups and mixes. PepsiCo's food and beverage products are sold around the world. Our six global divisions, either independently or in conjunction with third parties, make, market, distribute and sell a wide variety of food and beverages in our diverse product portfolio, drive innovation, and are focused on delivering Performance with Purpose - our goal to position PepsiCo for long-term, sustainable growth by aligning what is good for our business with what is good for society and the planet. The roots of North America Beverages (NAB), which includes all of our beverage businesses in the United States and Canada (North America), go back to 1898, when Caleb Bradham, an innovative entrepreneur from New Bern, North Carolina created Pepsi-Cola, offered it to his pharmacy customers, and started a movement that would quench consumers’ thirst for generations to come. Today, NAB offers consumers top-selling beverages choices for every lifestyle and occasion, including carbonated soft drinks, sparkling and premium bottled waters, sports nutrition, juices and juice drinks, probiotic drinks, ready-to-drink teas and coffee, and energy drinks. Through our own product innovations, acquisitions and strategic alliances, we’ve introduced brands to meet the evolving tastes and expectations of our consumers. For more information on the PepsiCo Americas Beverages portfolio visit: www.PepsiCoBeverageFacts.com In 1932, C.E. Doolin entered a small San Antonio cafe and purchased a bag of corn chips. Mr. Doolin learned the corn chips manufacturer was eager to sell his small business, so Mr. Doolin purchased the recipe, began making Fritos corn chips in his mother's kitchen and sold them from his Model T Ford. That same year, Herman W. Lay began his own potato chip business in Nashville by delivering snack foods. Not long after, Mr. Lay purchased the manufacturer, and formed the H.W. Lay & Company. The company became one of the largest snack food companies in the Southeast. In 1961, it merged with the Frito Company, becoming Frito-Lay, Inc. Today, Frito-Lay North America (FLNA) makes some of the most popular and high-quality snacks in the United States and Canada including Lay’s and Ruffles potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips and branded dips, Santitas tortilla chips, Sun Chips multigrain chips and Fritos corn chips. In addition, FLNA, through a joint venture with Strauss Group makes, markets, sells and distributes Sabra refrigerated dips and spreads. The Quaker Oats Company was officially formed in 1901 when several American grain pioneers came together to incorporate the now familiar name. These four pioneers were Ferdinand Schumacher, John Stuart, George Douglas and Henry Parsons Crowell. Dedicated to bringing hearty oats through quality breakfasts, snacks and recipe ideas, Quaker has remained a leading brand in oats. The Quaker Oats Company merged with PepsiCo in 2001. Today, Quaker offers numerous products and choices including hot cereals, cold cereals, snack bars, rice snacks, Real Medleys and more.  In addition to Quaker’s brands, our Quaker Foods North America division also makes, markets and sells cereals, rice, pasta, dairy and other branded products, such as Aunt Jemima mixes and syrups, Cap’n Crunch cereal, Life cereal and Rice-A-Roni side dishes. PepsiCo celebrates its 50th anniversary as a combined food and beverage company. Diet Mountain Dew, Brisk and Starbucks ready-to-drink beverages join PepsiCo's portfolio of billion-dollar brands, bringing the total to 22. PepsiCo and Tingyi Holding, one of the major food and beverage companies in China, announce an agreement to form a strategic alliance in China. PepsiCo acquires Mabel, a leading producer of cookies, crackers and snacks in Brazil. PepsiCo completed the acquisition of The Pepsi Bottling Group, Inc. and PepsiAmericas, Inc., its two largest anchor bottlers. PepsiCo announces its intent to acquire Russia's Wimm-Bill-Dann, Russia's leading branded food-and-beverage company. PepsiCo and Calbee Foods Company announce a strategic alliance to make and sell a wide range of food products in Japan. PepsiCo introduces the first climate-friendly vending machines to the United States. PepsiCo announces plans to invest US $1 billion in China over the next four years as part of the strategy to expand in emerging markets and broaden the portfolio of locally relevant products. PepsiCo introduces Performance with Purpose, making it one of the first contemporary companies to recognize the important interdependence between corporations and society.