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2 Letter to Shareholders 10–11 Financial Highlights 12 The Breadth of the PepsiCo Portfolio 14 Reinforcing Existing Value Drivers 18 Migrating Our Portfolio Towards High-Growth Spaces Table 22 Accelerating the Benefits of of Contents One PepsiCo 24 Aggressively Building New Capabilities 28 Strengthening a Second-to-None Team and Culture 30 Delivering on the Promise of Performance with Purpose 33 PepsiCo Board of Directors 34 PepsiCo Leadership 35 Financials Dear Fellow Shareholders, Running a company for the long • We delivered +$1 billion savings term is like driving a car in a race in the first year of our productiv- that has no end. To win a long race, ity program and remain on track you must take a pit stop every now to deliver $3 billion by 2015; and then to refresh and refuel your • We achieved a core net return car, tune your engine and take other on invested capital3 (roic) of actions that will make you even 15 percent and core return on faster, stronger and more competi- equity3 (roe) of 28 percent; tive over the long term. That’s what • Management operating cash we did in 2012—we refreshed and flow,4 excluding certain items, refueled our growth engine to help reached $7.4 billion; and drive superior financial returns in • $6.5 billion was returned to our the years ahead. shareholders through share repurchases and dividends. We invested significantly behind our brands. We changed the operating The actions we took in 2012 were model of our company from a loose all designed to take us one step federation of countries and regions further on the transformation to a more globally integrated one to journey of our company, which enable us to build our brands glob- we started in 2007. -
Securities Market Newsletter
SSEECCUURRIIITTIIIEESS MMAARRKKEETT NNEEWWSSLLEETTTTEERR weekly Presented by: VTB Bank, Custody April 22, 2021 Issue No. 2021/15 Market News Central bank places RUB 4.98 bln coupon bonds out of RUB 23.6 bln On April 20, 2021 it was reported that Russia’s central bank had sold RUB 4.975 bln out of RUB 23.601 bln coupon bonds during the day. The cut-off and the weighted average prices amounted to 100% of a face value each. Demand totaled RUB 5.017 bln. The settlement date was April 21. Finance Ministry fully places RUB 20 bln OFZ bonds On April 21, 2021 it was stated that Russia’s Finance Ministry had fully placed during the day RUB 20 bln of OFZ 26236 government bonds with a fixed coupon maturing in May 2028. The cut-off price and the weighted average price amounted to 93.11% of a face value. The cut-off yield and the weighted average yield stood at 7.07%. Demand for the bonds totaled RUB 83.7 bln. Company News MTS raises stake to 100% in 6 local fixed-line operators On April 15, 2021 it was stated that Major Russian mobile operator MTS had exercised a call option with provider of broadband and digital TV services Zelenaya Tochka Group to buy out the remaining 49% of the group’s capital in six local fixed-line network operators. Altogether, this deal will provide opportunities to more than one million Russian households to expand access to advanced solutions from across the MTS digital ecosystem. In February 2020, MTS acquired a 51% stake in Zelenaya Tochka Group – comprised of 13 local fixed-line Internet providers – via an agreement that included a provision for a three-year call option on the remaining share capital. -
Some Suppliers Worry About Tesla Tion’S Internal Deliberations
. ****** TUESDAY, AUGUST 21, 2018 ~ VOL. CCLXXII NO. 43 WSJ.com HHHH $4.00 DJIA 25758.69 À 89.37 0.3% NASDAQ 7821.01 À 0.1% STOXX 600 383.23 À 0.6% 10-YR. TREAS. À 14/32 , yield 2.823% OIL $66.43 À $0.52 GOLD $1,186.80 À $10.30 EURO $1.1484 YEN 110.07 What’s Long Wait Ends With an Embrace for Separated Korean Families U.S. News Toughens Business&Finance Stance esla’s tumultuous year On China Thas fueled concern among some suppliers about the electric-car maker’s fi- Tariffs nancial strength, after pro- duction of the Model 3 BY BOB DAVIS drained some of its cash. A1 AND ANDREW DUEHREN PepsiCo agreed to buy WASHINGTON—The Trump seltzer-machine maker administration is moving SodaStream for $3.2 billion, closer this week to levying tar- the company’s latest move iffs on nearly half of Chinese to broaden its offerings. A1 imports despite broad opposi- Tyson Foods struck a tion from U.S. business and deal to acquire Keystone the start of a fresh round of Foods, a top meat supplier talks between the U.S. and to McDonald’s and other China aimed at settling the chains, for $2.16 billion. B1 trade dispute. The twin administration ini- France’s Total is having tiatives—pursuing tariffs on difficulty unloading its $200 billion of Chinese goods stake in a $5 billion natu- while relaunching talks to ral-gas project in Iran to a scrap tariffs—reflect a split Chinese partner. -
ECONOMIC BULLETIN Short Term Has No Future
ECONOMIC BULLETIN Short term has no future 1/28/2011 № DEB-2011.01-03 Economic News • Russia's unemployment hit its highest in seven-months in December but remained well below 2009 highs and looked unlikely to deter the central bank from raising interest rates to fight inflation. The number of unemployed in Russia was 5.39 mln at the end of December, taking the jobless rate to 7.2% from November's 6.7% the previous month, exceeding analysts' forecasts of a 6.8% rate. The data underscores the fragility of the Russian economy's recovery since it suffered its deepest recession in 15 years, hit by the slump in the prices of key exports metals and oil in the wake of the global economic crisis. But, despite blips, the recovery continues. For 2010 as a whole, unemployment averaged 7.5%, higher than the 7% percent forecast by analysts but a definite improvement on the six-year peak of 8.6% recorded in 2009. As such, analysts said the CBR would likely continue to focus more on containing runaway inflation and follow up December's hike in deposit rates with further monetary tightening as soon as its end-January meeting. "It (unemployment spike) is a short-term trend ... and it does not mean that the recovery will deteriorate further," analysts said. "Trade and industrial output data show that the fourth quarter will be better after the 'burnt-out' third quarter due to the weather. "There is a very high chance that the interest rates will continue to be raised.. -
Legislation Company News SECURITIES MARKET NEWS
SSEECCUURRIIITTIIIEESS MMAARRKKEETT NNEEWWSSLLEETTTTEERR weekly Presented by: VT- -an3, Custody August 20, 2020 Issue No. 2020/32 Legislation Russia, Malta agree to raise tax on dividends, interest to 15% On August 14, 2020 Russia’s Finance Ministry said that Russia and Malta agreed to increase tax on dividends and interest to 15%. On August 13, 2020, the authorities of Russia and Malta agreed on a draft protocol to amend the Convention between the two states on prevention of double taxation and tax avoidance concerning income taxes( and also agreed to increase tax on dividends and interest to 15%, except for a limited list of institutional investment Russian President Vladimir Putin suggested in March imposing a 15% tax on dividend yield withdrawn to accounts in foreign jurisdictions, which would re,uire adjustments to agreements on avoidance of double taxation with other countries Russia will cancel such deals unilaterally if the agreements are not reached On August 10, an agreement on the Russian terms of new taxation deal was reached with Cyprus Company News Mobile operator MTS buys back 0.075% of its share capital On August 14, 2020 it was reported that -astion, a wholly.owned subsidiary of major Russian mobile operator MT0, has ac,uired 1,500,110 MT0 shares, including American depositary receipts, representing 0 015% of the operator’s share capital The shares were ac,uired under the repurchase plan announced on March 31 2nder the Russian law, MT0 must disclose any shares ac,uired by the company or any of its subsidiaries Rosneft -
Pepsico Reports Solid Fiscal Third-Quarter Results With
PepsiCo Reports Solid Fiscal Third -Quarter Results with Increases in Profitability an ... Page 1 sur 18 PepsiCo Reports Solid Fiscal Third-Quarter Results with Increases in Profitability and Strong Cash Flow PepsiCo Reports Solid Fiscal Third-Quarter Results with Increases in Profitability and Strong Cash Flow Click here to download. PURCHASE, N.Y., Oct. 8 /PRNewswire-FirstCall/ -- PepsiCo, Inc. (NYSE: PEP) today reported solid profit performance in the third quarter of 2009, reflecting the company's balanced approach to investing in value and innovation in key markets as well as productivity and cost discipline across Reported EPS was $1.09, and in constant currency the company delivered 5 percent net revenue growth and an 8 percent Indra Nooyi, PepsiCo Chairman and Chief Executive Officer, said "PepsiCo's diversified food and beverage portfolio and our advantaged business model continued to drive solid results this quarter. Our teams around the world leveraged PepsiCo's agile go-to-market system to deliver our brands value to consumers, who are still feeling the pinch of the global recession despite improving macroeconomic "We will continue to make targeted investments across our entire portfolio, and we expect these to ramp up next year as we begin to realize the benefits of integration of our two anchor bottlers. These investments in innovation, infrastructure, key markets and people development, and focus, give me great confidence in both the near -and long -term growth prospects of PepsiCo, " Nooyi continued. Richard Goodman, PepsiCo Chief Financial Officer said, "As we prepare for 2010, we are targeting EPS growth of 11 to 13 percent in core As we progress through 2010, if we do better than this range we will take the opportunity to make additional strategic to enhance our competitiveness. -
SDI JUL09.Qxd 22/7/09 17:07 Page a This Is Michael at the Heart of His Forest
SDI JUL09.qxd 22/7/09 17:07 Page A This is Michael at the heart of his forest. It is one of the places where our suppliers source wood for our paper-based cartons. We work closely with all our suppliers to ensure that our paper comes from responsibly managed forests, where new trees replace what has been harvested. As the industry leader, Tetra Pak works to protect what’s good for a better planet. Learn more about us at www.tetrapak.com Tetra Pak is the world’s leading food processing and packaging solutions company. Tetra Pak, and PROTECTS WHAT S GOOD are trademarks belonging to the Tetra Pak Group. www.tetrapak.com SDI JUL09.qxd 22/7/09 17:07 Page 2 2 COMMENT Soft Drinks International – JULY 2009 Published by ASAP Publishing Limited Editor Philip Tappenden News Editor Annette Sessions Correspondents: EUROPE Nature rules Gerard O’Dwyer Lubomír Sedlák Bernadette Tournay The UK has had its first heatwave of the year: temperatures in June soared to 32ºC (90ºF) resulting in the hottest, driest and sunniest month since July 2006; just the ray of sun- ASIA & PACIFIC Kelvin King shine needed to lift the spirits of producers of soft drinks, particularly bottled water T. C. Malhotra products. The impact that weather has on sales of soft drinks is fundamental: as temperatures AMERICAS Richard Davis rise, people become dehydrated and thirsts need to be quenched. And arguably drink- ing bottled water from a chiller cabinet in a handy format is the most satisfying way of Market Analyst slaking that thirst, as the recent Wimbledon lawn tennis championships demonstrated. -
THE KREMLIN PLAYBOOK in EUROPE the Kremlin Playbook in Europe Analyzes the Tools and Methods Used by Russia to Exercise Its Influence on the Con- Tinent
THE KREMLIN PLAYBOOK IN EUROPE The Kremlin Playbook in Europe analyzes the tools and methods used by Russia to exercise its influence on the con- tinent. In particular, it shows how the Kremlin enjoys considerable surrogate power in some countries because of the oligarchization of their governance systems. It also highlights the effect of blinkered national policies which grant Russian capital access to European financial hubs. The report argues for a common transatlantic approach in the face of these threats. The report expands the map of Russia’s footprint built by previous Kremlin Playbooks, which examined Russia’s attempts to capture political and economic decision-making in sixteen European countries, by analyzing Greece and Cyprus. Their strategic location in the southeast of Europe and the eastern Mediterranean, common religious traditions, and historic ties make them an object of influence operations by the Kremlin. Editorial Board: Dr. Ognian Shentov Ruslan Stefanov Martin Vladimirov ISBN: 978-954-477-394-6 © 2020, Center for the Study of Democracy All rights reserved. 5 Alexander Zhendov Str., Sofia 1113 tel.: (+359 2) 971 3000 fax: (+359 2) 971 2233 www.csd.bg, [email protected] ACKNOWLedGEMenTS he comprehensive systematization of the economic data and key policy findings from CSD’s research on Russian influence was the product of the interdisciplinary expertise of CSD’s programs and the meticulous work of Boyko Todorov from the Southeast Europe TLeadership for Development and Integrity (SELDI). The policy analysis in the report has greatly benefitted from the in-depth discussions with Dr. Michael Carpenter, Senior Director of the Penn Biden Center for Diplomacy and Global Engagement, and his participation in the round table on countering state capture risks and Russian influence in Europe held in Sofia in November 2019. -
FROM SUGAR BEETS to BANKING: Rusagro's Rise As a Russian
FROM SUGAR BEETS TO BANKING: Rusagro’s Rise as a Russian Conglomerate June 14, 2010 1 STRATFOR 700 Lavaca Street, Suite 900 Austin, TX 78701 Tel: 1-512-744-4300 www.stratfor.com FROM SUGAR BEETS TO BANKING: Rusagro’s Rise as a Russian Conglomerate Summary Rusagro is one of Russia’s largest agro-industrial holding companies, dealing mainly in sugar, oil and agricultural land. Starting as an intermediary for sugar producers and traders in the former Soviet states, Rusagro’s founder, Vadim Moshkovich, quickly used a sharp eye for opportunities and connections with established and rising businessmen throughout the region to grow Rusagro into a major force in Russia’s agricultural sector. Moshkovich himself has risen from low-level mercantile exchange worker to member of the elite Russian billionaire club and senator. He has been careful in cultivating powerful allies throughout the Kremlin and in powerhouses like Sberbank to promote his or his companies’ interests while holding the same tight-knit circle of loyalists around him for decades. At the end of the day, Moshkovich is interested in profit, and though Rusagro has been his mainstay for more than 15 years, he wants either to continue expanding it across Russia and the former Soviet states or start selling it off -- should the price be right. A Brief History As one of Russia’s largest agro-industrial holding companies, Rusagro has interests in more than 35 farms, seven sugar plants, eight regional trade branches, an oilseed refinery and dairy and pig-farming assets. A member of the Union of Sugar Producers of Russia, Rusagro is known mainly for its sugar and packaged margarine and mayonnaise, which is produced through 35 subsidiaries under well- known Russian brands such as Shchedroye Leto, Chaykovskiy, Khoroshiy and Brauni. -
Prospectus for Offers of the Gdrs
IMPORTANT: You must read the following before continuing. The following applies to the Information Memorandum (the ‘‘Information Memorandum’’) following this page, and you are therefore advised to read this carefully before reading, accessing or making any other use of the Information Memorandum. In accessing the Information Memorandum, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from the company described herein (the ‘‘Company’’) as a result of such access. THE FOLLOWING INFORMATION MEMORANDUM MAY NOT BE FORWARDED OR DISTRIBUTED OTHER THAN AS PROVIDED BELOW AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER. THIS INFORMATION MEMORANDUM MAY ONLY BE DISTRIBUTED IN ‘‘OFFSHORE TRANSACTIONS’’ AS PERMITTED BY REGULATION S UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ‘‘SECURITIES ACT’’) OR WITHIN THE UNITED STATES TO PERSONS REASONABLY BELIEVED TO BE QIBs (AS DEFINED HEREIN) IN RELIANCE ON RULE 144A UNDER THE SECURITIES ACT (‘‘RULE 144A’’) OR ANOTHER EXEMPTION FROM, OR TRANSACTION NOT SUBJECT TO, REGISTRATION UNDER THE SECURITIES ACT. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS INFORMATION MEMORANDUM IN WHOLE OR IN PART IS UNAUTHORIZED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN AND WILL NOT -
A Project Report on Market Analisyes for Positioning Of
A PROJECT REPORT ON MARKET ANALISYES FOR POSITIONING OF PEPSI & COCA COLA IN INDIA IN PARTIAL FULFILLMENT OF BACHELOR DEGREE IN BUSINESS ADMINSTRATION 2009-2012 BY PRIYA DUBEY Guided by Prof. Mr. Pradeep Tripathi Dayanand Academy of Management Studies Kanpur 1 DATED: LETTER NO: TO WHOM IT MAY CONCERN This is certify that Ms. Priya Dubey student of Dayanand Academy of Management Studies, Kanpur, has completed her project on the topic of MARKET ANALISYES FOR POSITIONING OF PEPSI & COCA COLA IN INDIA at VARUN BEVERAGES LTD., GREATOR NOIDA has submitted her project report for the period 16/01/12 to 03/03/12 in partial fulfillment of BBA of the college for the academic year 2009- 2012. Ms. Priya Dubey, has done his project to our satisfaction. During the said training period with us we found him sincere and hard working. We wish her all the success in the future. For VARUN BEVERAGES LTD. HUMAN RESOURCES 2 DECLERATION I hereby declare that project Titled MARKET ANALISYES FOR POSITIONING OF PEPSI & COCA COLA IN INDIA is an original piece of research work carried out by me under the guidance and supervision of Prof. Mr.Pradeep Tripathi, the information has been collected from genuine & authentic sources. The work has been submitted in partial fulfillment of the requirement of BBA to our college. Place: Signature: Date: Name of the student: 3 ACKNOWLEDGEMENT It gives me great pleasure and satisfaction for the successful completion of this project. Every successful piece of work has many invisible helping hands with their invaluable support and inspiration. For the completion of my project report many person directly or indirectly assisted me. -
Performance with Purpose in Action
Performance with Purpose The Promise of PepsiCo PepsiCo, Inc. 2010 Annual Report Annual Inc. 2010 PepsiCo, 2010 Annual Report WorldReginfo - 6198c595-0444-46eb-bb8a-5c699d6c5157 Shareholder Services Corporate Headquarters All of the inks used in this annual report were PepsiCo, Inc. formulated with soy-based products. Soy ink BuyDIRECT Plan 700 Anderson Hill Road is naturally low in VOCs (volatile organic com- Interested investors can make their initial pur- Purchase, NY 10577 pounds, chemical compounds that evaporate chase directly through BNY Mellon Shareowner Telephone: 914-253-2000 and react to sunlight) and its usage can reduce Services, transfer agent for PepsiCo and emissions causing air pollution. PepsiCo Website Administrator for the Plan. A brochure detailing www.pepsico.com PepsiCo continues to reduce the costs and envi- the Plan is available on our website ronmental impact of annual report printing and www.pepsico.com or from our transfer agent: © 2011 PepsiCo, Inc. mailing by utilizing a distribution model that Good for PepsiCo, Inc. PepsiCo’s annual report contains many of the drives increased online readership and fewer c/o BNY Mellon Shareowner Services valuable trademarks owned and/or used by printed copies. P.O. Box 358015 PepsiCo and its subsidiaries and affiliates in the We hope you can agree that this is truly Pittsburgh, PA 15252-8015 United States and internationally to distinguish Performance with Purpose in action. You can Telephone: 800-226-0083 products and services of outstanding quality. learn more about our environmental efforts at 800-231-5469 (TDD for hearing impaired) All other trademarks featured herein are the www.pepsico.com.