Upcoming Investment Opportunity: Jollibee Foods Corporation Preferred Shares

1 Indicative Terms & Conditions

Issuer

Jollibee Foods Corporation

Issue Size [8,000,000] preferred shares with an oversubscription option of up to [4,000,000] preferred shares to be issued in two series: Series A and Series B

Offer Price Php 1,000 per share

Optional Redemption Series A: 3rd anniversary date from Issue Date or any dividend date thereafter;

Series B: 5th anniversary date from Issue Date or any dividend date thereafter

Indicative Initial Dividend Rate* Series A: [3.3677% – 3.8677%] p.a.;

Series B: [4.2485% – 4.7485%] p.a

.Dividend Step-up Rate Series A: 7Y BVAL + 4.00% p.a.;

Series B: 10Y BVAL + 4.00% p.a.

Dividend Payment Cumulative and paid quarterly

Form and Denomination Minimum of 50 Initial Offer Shares, and thereafter, in multiples of 10 Initial Offer Shares

*Rates as of July 27, 2021.

2 Indicative Timetable

Public Offer Period September 13 to 17, 2021

Issue Date September 24, 2021

3 About Jollibee Foods Corp.

Jollibee Foods Corporation (“Jollibee” or the “Company”) and its subsidiaries (collectively referred to as the “Group”) and affiliates are involved primarily in the development, operation and franchising of quick service restaurants (“QSRs”).

The other activities of the Group include manufacturing and property leasing in support of the QSR systems and other business activities. As of May 31, 2021, it has 5,815 stores worldwide, of which 3,293 are franchised. It also has a group store network market share of 55%. 3,411 of its stores are in the Philippines.

Key Competitive Strengths

Market leading portfolio of iconic and diversified brands

Leading market position in the Philippines’ food service and restaurant industry

Attractive business model and strong financial discipline translating into resilient revenue growth and strong operating cash flows

Best-in-class operational expertise across the value chain

Track record of profitable growth and successful integration of acquisitions

Strong corporate culture and experienced, award-winning management team

4 Risk Factors

• The following are some of the key factors that may affect cash flows of the Company:

  • • Effect of COVID-19 on operations
  • • Highly competitive industry
  • • Execution of business strategies
  • • Franchise business model risk
  • • Successful expansion of food delivery services

• Subordination to other indebtedness of the Company

• Possible deferral of dividend payments

• The Offer Shares may not be redeemed by the Issuer

• Volatility of market prices of the Offer Shares

[Contact Us](mailto:FISDHeadOffice@securitybank.com.ph,dgarcia@securitybank.com.ph,adaguirre@securitybank.com.ph)

For queries, please visit any Security Bank Branch or email FISDHeadOffice@securitybank.com.ph, dgarcia@securitybank.com.ph, and adaguirre@securitybank.com.ph