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Jollibee Foods Corporation

Our Business

Jollibee Foods Corporation’s (“JFC” or the “Company”) core business is the development, operation and franchising of its quick-service restaurant brands. It offers a wide variety of affordable and delicious dishes and great tasting food prepared to satisfy customers of all ages and from all walks of life.

Food quality, service, price-value relationship, store location and ambience, and efficient operations continue to be critical elements of the Company’s success in the quick-service restaurant industry.

Our Company

JOLLIBEE FOODS CORPORATION doing business under the name and style of Jollibee (formerly Jollibee Foods Corporation) was incorporated in the Philippines and registered with the Philippine Securities and Exchange Commission (SEC) on January 11, 1978. The Parent Company and its subsidiaries (collectively referred to as “the Jollibee Group”) and affiliates are involved primarily in the development, operations and franchising of quick service restaurants (QSRs) under the trade names “Jollibee”, “Chowking”, “Greenwich”, “Red Ribbon”, “Yong He King”, “Hong Zhuang Yuan”, “Mang Inasal”, “Burger King”, “Highlands Coffee”, “Pho24”, “Hard Rock Cafe”, “Dunkin’ Donuts”, “Smashburger”, “Tim Ho Wan” and “Tortas Frontera”. The other activities of the Jollibee Group include manufacturing and property leasing in support of the quick service restaurant systems and other business activities.

JFC operates the largest food service network in the Philippines. As of June 30, 2019, it was operating 3,195 restaurant outlets in the country: Jollibee brand 1,163, Chowking 590, Greenwich 284, Red Ribbon 479, Mang Inasal 577, Burger King 101 and PHO24 1. Abroad, it was operating 1,418 stores: Yonghe King (China) 323, Hong Zhuang Yuan (China) 45, Dunkin’ Donuts (China) 9, Jollibee 238 (Vietnam 118, Brunei 17, Hong Kong 8, Singapore 7, Macau 1, Malaysia 1, United States 37, Canada 4, Saudi Arabia 13, UAE 14, Qatar 7, Kuwait 6, Bahrain 1, Oman 1, Italy 1, United Kingdom 1, and Guam 1), Red Ribbon in the US 31, Chowking 47 (US 15, UAE 21, Qatar 4, Oman 2, Kuwait 3, and Saudi Arabia 2), Highlands Coffee 340 (Vietnam 297, and Philippines 43), PHO24 34 (Vietnam 18, Indonesia 16), Hard Rock Cafe 6 (Vietnam 2, Hong Kong 3, and Macau 1); and, Smashburger 345. The JFC Group’s worldwide store network reached 4,613 stores.

JFC is also committed to serve its host communities through socio-civic projects through the Jollibee Group Foundation. The foundation has focused its work on feeding programs for undernourished children in poor communities, developing farmers to become better entrepreneurs and suppliers of agricultural products and providing disaster relief for calamity-stricken regions.

Jollibee Foods Corporation has grown brands that bring delightful dining experience to its customers worldwide, “Spreading the joy of eating to everyone.”

Milestones

2018

Jollibee celebrates its 40th year

2017

- Jollibee celebrates its 1,000th store milestone

- Brand Finance proclaims Jollibee as one of the world’s most valuable brands

- Canadian Prime Minister visits Jollibee Winnipeg

- Jollibee launches the Kwentong Jollibee Valentine’s series, which went viral immediately after it was released

Jollibee opens first store in Boracay

2016

- Jollibee partners with Ms. Universe, with the candidates visiting a Jollibee store

- Jollibee Skokie opens, its first store in Chicago

- Jollibee opens first store in Canada

- Jollibee is part of Forbes Fab 50 companies

- Jollibee launches Adobo Flakes Burger and Halo-halo Sundae in celebration of Independence Day

- Jollibee launches its first mobile-based App, Jollidance Showdown

- Jollibee launches #8-7000, its one number, nationwide delivery hotline.

- Jollibee launches Kwentong Jollibee with 3 digital videos: Jabee, Tagpuan and Almusal, based on stories from Jollibee customers

Anthony Bourdain visits Jollibee and features it on his show Parts Unknown

2015

Jollibee opens its milestone 900th store at Palo, Leyte

The Jollibee Family Values Awards marks its 5th year

Jollibee partners with DOT for Visit the Philippines Tourism campaign

Jollibee holds the Jollitown Funtasy Land

2014

Jollibee celebrates the 20th milestone year of Maaga ang Pasko

Jollibee mounts the Family Bee Day – largest nationwide and simultaneous Family picnic event

2013

Jollibee celebrates its 35^th anniversary.
Jollibee Foundation is renamed Jollibee Group Foundation.
Jollibee opens its 1^st store in Singapore.
JFC inaugurated the JFC Distribution Center, the Philippines’ largest automated Quick Service Restaurant (QSR) logistics facility.
Jollibee opens its 800^th store in Malaybalay, Bukidnon.
Jollibee opens its 100^th international store in Jubail, Saudi Arabia.
JFC breaks into Forbes Asia’s Fab 50 (Asia-Pacific’s best 50 big listed companies).
USA’s Restaurant Business Magazine includes Jollibee as among the 50 fastest growing chains in the United States.
Red Ribbon opens 250^th store in Tagbilaran City, Bohol.
Mr. Tony Tan Caktiong is named Global Filipino Executive of the Year at the Asia CEO Awards.
JFC’s system-wide sales break the Php100 Billion sales mark.

2012

JFC completes its purchase of San Pin Wang business.
JFC completes its acquisition of 50% of SuperFoods Group, which owns and operates Highlands Coffee and Pho 24.
Jollibee opens its 1^st store in Kuwait.
Chowking opens its 1^st store in Oman.
Jollibee is named by New York-based magazine Travel + Leisure as one of the best fast food chains in the world.
JFC enters into joint venture agreement to own and operate 12 Sabu, a restaurant serving low-priced, hot-pot dishes in China.
JFC was included among the 26 enterprises from ASEAN countries that were conferred with the “Most Admired ASEAN Enterprise” Award by the ASEAN Business Advisory Council.

2011

JFC acquires majority stake of Chow Fun, which operates the Jinja Bar and Bistro in New Mexico, USA.
JFC builds the Jollibee Foods Processing commissary in China.
JFC acquires majority stake in Burger King Philippines’ franchise.
Jollibee opens its 1^st store in Hawaii, USA.
Red Ribbon opened its 1^st two stores in Hawaii, USA.
Chowking opens its 1^st store in Qatar.
Jollibee Foundation receives the 2011 Agora Award for Outstanding Achievement in Advocacy Marketing for their Busog, Lusog, Talino (BLT) school feeding program.
Mang Inasal opens its 400^th store in Greenhills, San Juan.

2010

Chowking celebrates its 25^th year.
JFC acquires 70% of Mang Inasal business.
Jollibee opens its 700^th store in Baguio City.
Jollibee opens its 1^st store in Qatar.

2009

Jollibee Foundation builds the Jollibee-Gawad Kalinga village in Butuan City where 49 houses are constructed and given to families who used to live in flood-prone areas of the city.

2008

JFC completes its purchase of Hong Zhuang Yuan, a chain of restaurants located mostly in Beijing.
Jollibee launches Jollitown, the first educational children’s TV musical on a television network.
Chowking completes its Php270 Million modernization program for its two commissaries.
Greenwich becomes ISO-certified.
Jollibee Foundation launches the Farmer Entrepreneurship Program, which provides opportunities to small farmers to participate in JFC’s supply chain.
JFC celebrates its 30^th year.

2007

Jollibee opens its 600^th store in Aparri.

2004

JFC acquires its 1^st foreign brand – Yonghe King, a fast food chain in China.
JFC opens Zenith Foods Corporation, the largest commissary in Asia with an initial investment of Php1.5 Billion.
Jollibee opens its 500^th store in Basilan.
JFC establishes the Jollibee Foundation.
JFC Chairman & CEO Tony Tan Caktiong is named the Ernst & Young’s 2004 World Entrepreneur of the Year.

2006

JFC establishes Jollibee Worldwide Services (JWS).
JFC is chosen as the Most Admired Company in the Philippines by the Asian Wall Street Journal.
Chowking receives the Asian Corporate Social Responsibility (CSR) Merit Award in the Best Workplace Practices category for its Cooks’ Certification Program.
Jollibee is named recipient of The Asian CSR Merit Award under the Concern for Health category for its Deaf Employment Program.

2005

JFC acquires Red Ribbon Bakeshop.

2003

For the sixth straight year, the Far Eastern Economic Review ranks JFC as the Philippines’ Leading Company.

2002

JFC Chairman and Chief Executive Officer (CEO) Tony Tan Caktiong is named Management Association of the Philippines’ (MAP) “Management Man of the Year.”

2001

Jollibee opens its 400^th store in Intramuros, Manila.

2000

JFC acquires Chowking Food Corporation.
JFC’s system-wide sales reached Php20 Billion.

1998

Jollibee opens its 300^th store in Balagtas, Bulacan.
Jollibee opens its 1^st store in USA – Daly City, California.

1997

JFC’s system-wide sales exceed the Php10 Billion mark.
Greenwich opens its 100^th store.

1996

Jollibee opens its 200^th store in Malolos, Bulacan.

1994

JFC acquires Greenwich Pizza Corporation.

1993

On July 13, JFC lists its shares in the Philippine Stock Exchange with an initial offering of Php 9.00/share. In October, JFC shares sell for Php 20.00/share – a windfall of more than 135%.
JFC is cited as one of the leading companies in Asia by the Far Eastern Economic Review.

1991

Jollibee opens its 100^th store in Davao.

1989

Philippine Advertising Congress names “Balut” and “Ligaw” commercials as the Kidlat Award winner of the year in the Service and Leisure Products category.

1987

JFC takes its first step towards international expansion, opening its 1^st overseas store in Brunei.
JFC makes it to Philippines’ Top 100 Corporations.

1986

Jollibee opens its first international outlet, in Taiwan.

1983

The long-running Langhap -sarap TV campaign is introduced.

1980

- The well-loved Jollibee mascot is conceived to support brand awareness and identity efforts.
  Other mascots are later introduced.

Jollibee launches Chickenjoy, which becomes one of its best-selling menu items.

1978

Jollibee incorporates as a 100% Filipino-owned company, with seven Jollibee fast- food restaurants
within Metro Manila as initial network and the Yumburger as flagship product.

1975

The Tan Family opens ice cream parlors in Cubao and Quiapo, the first Jollibee outlets.

OUR VISION

To be one of the Top 5 Restaurant Companies in the World

All our brands are trusted and well-loved, craved around the world:
- Renowned for consistently great tasting food.
- Recognized for high value for money.
- Endeared for warm and sincere distinct service to our customers.
- Admired for our beautiful stores in excellent location.
We are acknowledged as one of the Best Companies to Work for, regarded for our efficient systems and proceses, highly engaged teams and people-focused culture.

OUR MISSION

To serve great tasting food, bringing the joy of eating to everyone.

Core Values

Through the years, JFC has formed its foundation from good business practices and strong core values of Customer Focus, Speed with Excellence, Integrity, Spirit of Family and Fun, Humility to Listen and Learn. JFC continues its steadfast commitment in upholding these core values:

Customer focus

We provide great taste, and superior value to all our customers.
We treat our customers with sincere service and a warm smile.
We take part in creating exceptional customer experience.

Speed with Excellence

We plan, decide and act quickly.
We set challenging goals and execute well.
We constantly find ways to improve and innovate.

Humility to Listen and Learn

We seek, welcome and value feedback
We acknowledge and learn from our mistakes
We aspire to learn from people from all walks of life

Spirit of Family and Fun

We take care of each other and bring out the best in everyone
We are true to our name, hard-working and happy.
We recognize individuality and foster teamwork.

Integrity

We live by honesty and we do what is right all the time.
We act as responsible stewards of the company.
We speak our minds constructively when needed.

Board of Directors

Tony Tan Caktiong (Chairman)

Ernesto Tanmantiong

William Tan Untiong

Joseph C. Tanbuntiong

Ang Cho Sit

Antonio Chua Poe Eng

Ret. Chief Justice Artemio Panganiban

Monico V. Jacob (independent director)

Cezar P. Consing (independent director)

Corporate Officers

Ernesto Tanmantiong – President and Chief Executive Officer

Joseph Tanbuntiong – Treasurer

William Tan Untiong – Corporate Secretary

Ysmael V. Baysa – Chief Financial Officer

Daniel Rafael Ramon Z. Gomez III – Chief Marketing Officer

Company’s Organizational Chart/Group Corporate Structure

Shareholding Structure

Ownership Structure

As of October 31, 2014

Number of Outstanding Shares	1,062,523,674
Number of Issued and Outstanding Shares	1,078,971,014
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	30.10 %
Number of Foreign-Owned Shares	319,831,501

Top 20 Shareholders

As of October 31, 2014

	Stockholder Name	Total Direct &Indirect Shares	Percentage of Ownership
1	PCD Nominee Corporation (Non-Filipino)	318,696,163	29.99%
2	Hyper Dynamic Corporation	273,218,750	25.71%
3	Honeysea Corporation	127,743,747	12.02%
4	PCD Nominee Corporation (Filipino)	77,473,833	7.29%
5	Winall Holding Corporation	54,140,736	5.10%
6	Honeyworth Corporation	40,050,453	3.77%
7	Kingsworth Corporation	29,168,935	2.75%
8	Centregold Corporation	27,430,964	2.58%
9	Gemma Tanbuntiong	21,910,601	2.06%
10	Venice Corporation	17,423,735	1.64%
11	A-Star Holding Corporation	16,920,393	1.59%
12	Azucena T. King	10,491,199	0.99%
13	Tony Tan Caktiong	8,994,565	0.85%
14	William Tan Untiong	7,293,055	0.69%
15	Longshore Corporation	5,260,184	0.50%
16	Ernesto Tanmantiong	5,200,970	0.49%
17	Paul Rosenberg	1,000,460	0.09%
18	Susana Tanmantiong	782,857	0.07%
19	Masancay, Anastacia	746,000	0.07%
20	Baysa, Ysmael	511,667	0.05%
	Total	1,044,459,267	98.30%

	Others	18,064,407	1.70%
	Total Issued and Outstanding	1,078,971,014
	Treasury Shares ( per SEC 11-C)	16,447,340	1.55%
	Total Issued and Outstanding*	1,062,523,674	100.00%
	*(net of Treasury Shares)

Ownership Structure

As of November 30, 2014

Number of Outstanding Shares	1,066,702,190
Number of Issued and Outstanding Shares	1,083,149,530
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	30.30 %
Number of Foreign-Owned Shares	323,231,891

Top 20 Shareholders

As of November 30, 2014

	Stockholder Name	Total Direct &Indirect Shares	Percentage of Ownership
1	PCD Nominee Corporation (Non-Filipino)	322,096,553	30.20%
2	Hyper Dynamic Corporation	273,218,750	25.61%
3	Honeysea Corporation	127,743,747	11.98%
4	PCD Nominee Corporation (Filipino)	78,373,037	7.35%
5	Winall Holding Corporation	54,140,736	5.08%
6	Honeyworth Corporation	39,880,713	3.74%
7	Kingsworth Corporation	29,168,935	2.73%
8	Centregold Corporation	27,430,964	2.57%
9	Gemma Tanbuntiong	21,910,601	2.05%
10	Venice Corporation	17,423,735	1.63%
11	A-Star Holding Corporation	16,920,393	1.59%
12	Azucena T. King	10,491,199	0.98%
13	Tony Tan Caktiong	8,994,565	0.84%
14	William Tan Untiong	7,293,055	0.68%
15	Longshore Corporation	5,260,184	0.49%
16	Ernesto Tanmantiong	5,200,970	0.49%
17	Paul Rosenberg	1,000,460	0.09%
18	Susana Tanmantiong	782,857	0.07%
19	Masancay, Anastacia	746,000	0.07%
20	Baysa, Ysmael	511,667	0.05%
	Total	1,048,589,121	98.30%

	Others	18,113,069	1.70%
	Total Issued and Outstanding	1,083,149,530
	Treasury Shares (per SEC 11-C)	16,447,340	1.55%
	Total Issued and Outstanding*	1,066,702,190	100.00%
	*(net of Treasury Shares)

Articles of Incorporation

October 12, 2018

Certificate of Incorporation

By-laws

Manual on Corporate Governance

The Board of Directors, Management and employees of Jollibee Foods Corporation commit themselves to the principles and best practices contained in its Manual on Corporate Governance and acknowledge that the same may guide the attainment of the Company’s values, mission and vision.

New Manual on Corporate Governance May 2017

Amended Manual on Corporate Governance July 2014

Manual on Corporate Governance August 2002

Code of Business Ethics and Business Conduct

The Company’s Code of Ethics and Business Conduct is rooted in its strong core values of honesty, integrity, trust and excellence. The Company endeavours to maintain the highest standards of business ethics as well as full compliance with all relevant laws, rules and regulations. As such, it ensures that a system is in place which will enable all stakeholders: employees, vendors, franchisees, suppliers and other external stakeholders, to submit reports, complaints, or any other information regarding any fraudulent, illicit or unethical activity in an anonymous and confidential manner, without fear of reprisal.

The Company observes honesty and integrity in its dealings with all of its stakeholders: government, customers, business partners, employees and the general public. The Company conducts its business and performs its duties with uncompromising integrity and professionalism. The Company considers its franchisees, lessors, suppliers, service providers and other outside parties as its valued partners in the Company’s growth. The Company equally treats all its customers with respect and courtesy.

The Company’s Code of Business Ethics and Code of Discipline have been disseminated to all directors, senior management and employees and all levels in the Company are responsible for and required to administer the Code of Business Ethics, including investigating alleged violations and determining corrective actions.

COBE Manual

Annual Corporate Governance Report

Integrated Annual Corporate Governance Report for the year ended December 31, 2017 – May 29, 2018

Consolidated Changes and Updates in the ACGR for 2016 as of March 27, 2017

Consolidated Changes and Updates as of April 13, 2016

Consolidated Changes and Updates as of January 8, 2016

Consolidated Changes and Updates as of August 26, 2015

Consolidated Changes and Updates in the ACGR for 2014

Consolidated Changes and Updates as of December 31, 2013

2012 ACGR

Board Committees, Committee Members and Committee Charters

For detailed discussion, please click on the following link: New Manual on Corporate Governance and refer to Article 4: Board Governance.

Executive Committee – The Board of Directors constituted the Executive Committee for purposes of delegating to it such powers and functions as the Board may exercise, subject to limitations under applicable laws.

Tony Tan Caktiong
Ernesto Tanmantiong
William Tan Untiong
Joseph C. Tanbuntiong
Ret. Chief Justice Artemio Panganiban

Nomination Committee – The Board of Directors constituted the Nomination Committee for purposes of installing and institutionalizing a process to pre-screen and shortlist all candidates nominated to become a member of the Board of Directors in accordance with the qualifications and/or disqualifications as described in the Company’s Corporate Governance Manual, By-Laws, and all applicable laws.

Ret. Chief Justice Artemio Panganiban (Head)
Tony Tan Caktiong
Ernesto Tanmantiong
William Tan Untiong
Monico V. Jacob

Compensation Committee – The Board of Directors constituted the Compensation Committee for purposes of establishing a formal and transparent procedure for developing a policy on executive remuneration and ensuring that compensation and benefit programs of corporate officers, directors, senior management and other key personnel are consistent with the Company’s culture, strategy and control environment.

Tony Tan Caktiong (Head)
Ret. Chief Justice Artemio Panganiban
Joseph C. Tanbuntiong
Ang Cho Sit
Cezar P. Consing

Audit Committee – The Board of Directors constituted the Audit Committee for purposes of providing oversight on the integrity of financial reporting process, internal controls, the audit process, and the Company’s process of monitoring compliance with laws and regulations.

Monico V. Jacob (Head)
Cezar P. Consing
Antonio Chua Poe Eng
William Tan Untiong

Corporate Governance Committee -The Board of Directors constituted the Corporate Governance Committee for purposes of overseeing the implementation, including periodic review, of the corporate governance framework of the Company to ensure that it remains appropriate in light of material changes to the Company’s size, complexity and business strategy, as well as its business and regulatory environments.

Cezar P. Consing(Chairman)
Monico V. Jacob
Tony Tan Caktiong

Continuing Education of the Board of Directors and Key Officers

The Company upholds the continuous education, training and development of its directors and officers. In compliance with SEC Memorandum Circular No. 2, series of 2015, as amended by SEC Memorandum Circular No. 19, series 0f 2016, all key officers and directors of the Company shall attend a minimum of four (4) hours of corporate governance training every year conducted by training providers that are duly accredited by the Securities and Exchange Commission.
2019

2017

August 18, 2017

2016

2015

2014

Corporate Social Responsibility

Sharing Joy to the Communities We Serve

Going Beyond Customer Service

Jollibee Foods Corporation (JFC) is no stranger to great service. In fact, it’s an operations cornerstone instilled in every employee and manager. But these days, it’s a new kind of service that has the Company abuzz.

It’s called public service—service that goes beyond the Company’s interests and wholly focused on making a measurable difference in the lives of Filipinos. Over the past years, JFC has been involved in numerous social projects such as feeding malnourished children in partnership with Kabisig ng Kalahi; getting children to read and love books with Sa Aklat Sisikat; promoting values to children and the youth with DepEd; and sharing blessings through the annual Christmas toy and book drive, Maaga ang Pasko.

Going Beyond Giving

Although JFC’s commitment to corporate social responsibility was boosted by their involvement in these projects, Chairman of the Board Mr. Tony Tan Caktiong and the rest of the JFC leadership knew that to do lasting good, they had to organize their giving and make it more strategic. A paradigm shift took place: corporate giving had now evolved into social partnership.

“Other than our food offerings, we are also committed to excellent service in the communities where we operate. We have harnessed the Company’s strengths and values and applied it in crafting and sustaining innovative programs that contribute to the socio-economic growth of the country,” Tan Caktiong explained.

The Jollibee Group Foundation was established in December 2004 with a mission to invest in people and help them succeed—in the way Jollibee knows how. This meant taking the values, the system, the tools, and the years of experience that made Jollibee what it is today and sharing it with the people they most ascribe their very successes to: the everyday Filipino.

Going Beyond Success

The Foundation’s challenge was to take all the elements that has contributed to the Company’s success and apply it to the communities and social enterprises that can benefit from it. Over the years, it has actively led nation-building efforts such as the Farmer Entrepreneurship Program (FEP), Busog, Lusog, Talino School Feeding Program (BLT), Project ACE Scholarships, and FoodAID.

As a result, and with the help of various partners, thousands of people and families across the country have come to benefit from JGF’s programs – from smallholder farmers through FEP, to undernourished schoolchildren through BLT, and underprivileged youth through Project ACE.

Join us in sharing joy to our communities. To know more about JFC’s corporate social responsibility activities, visit the Jollibee Group Foundation website.

Risk Management

Enterprise Risk Management

The Company and its subsidiaries, in global growth and expansion, require a comprehensive approach to corporate risk management that promotes extensive strategic thinking and analysis, while fundamentally integrating and maintaining highest ethical standards in the Company’s core values and beliefs. Risk management will provide the organization with the superior capabilities to identify, assess and manage the risks and enable the organization and its employees, at all levels, to better understand and manage risks.

The Company and its subsidiaries are all in the quick-service restaurant sector. Quick-service restaurants like those maintained by the Company are expected to maintain high quality in terms of food, service and cleanliness (“FSC”). The Company responds by observing stringent guidelines, processes and procedures in its FSC, and conducting regular and spot audits to ensure that FSC standards are maintained not only in stores but also in commissaries. The Company has likewise instituted a system of incentives to reward excellent performance in terms of FSC by stores.

The Company’s directors and management periodically review the effectiveness of the Company’s risk management system.

Financial Risk Management

The Company’s principal financial instruments comprise cash and cash equivalents and receivables. The main purpose of these financial instruments is to obtain financing for its operations. The Company has other financial assets and liabilities such as other noncurrent assets and trade payables and other current liabilities which arise directly from its operations.

The main risks arising from these financial instruments are credit risk and liquidity risk. The Company does not engage in any long-term debt and foreign currency-denominated transactions that may cause exposure to interest rate risk and foreign currency risk, respectively. The policies for managing each of these risks are summarized as follows:

Equity Price Risk

The Company is not exposed to significant equity price risk on its investment in quoted equity securities consisting of investment in club shares and shares of public utility companies.

Interest Rate Risk

Interest rate risk arises from the possibility that the fair value or future cash flows of financial instruments will fluctuate because of changes in market interest rates.

The Company’s interest rate exposure management policy centers on reducing the Company’s overall interest expense and exposure to changes in the interest rates.

To manage the interest rate risk related to the Company’s long-term debt, the Company uses a derivative instrument to fix the interest rate over the term of the debt.

There is minimal exposure on the other sources of Company’s interest rate risk. These other sources are from its cash in bank, short-term deposits, refundable deposits and employees’ car plan receivables.

Foreign Currency Risk

The Company’s exposure to foreign currency risk arises from the Parent Company’s investments outside the Philippines, which are mainly in People’s Republic of China and United States of America. While the foreign businesses have been rapidly growing, the net assets of foreign businesses account for only 10.84% and 15.57% of the consolidated net assets of the Company as at December 31, 2013 and 2012, respectively. Therefore, the total exposure to foreign exchange risk of the Company is still not significant.

The Company also has transactional foreign currency exposures. Such exposure arises from its Philippine operations’cash and cash equivalents, receivables and long-term debt in foreign currencies.

Credit Risk

Credit risk is the risk that a customer or counterparty fails to fulfill its contractual obligations to the Company. This includes risk of non-payment by borrowers and issuers, failed settlement of transactions and default on outstanding contracts.

The Company has a strict credit policy. Its credit transactions are with franchisees that have gone through rigorous screening before granting them the franchise. The credit terms are very short, while deposits and advance payments are also required before rendering the service or delivering the goods, thus, mitigating the possibility of non-collection. In cases of non-collection, defaults of the debtors are not tolerated; the exposure is contained the moment a default occurs and transactions that will increase the Company’s exposure are not permitted.

The Company has no significant concentration of credit risk with counterparty. Its franchisee profile is such that no single franchisee accounts for more than 5% of its total system wide sales.

Liquidity Risk

The Company’s exposure to liquidity risk refers to the risk that its financial liabilities are not serviced in a timely manner and that its working capital requirements and planned capital expenditures are not met. To manage this exposure and to ensure sufficient liquidity levels, the Company closely monitors its cash flows.

On a weekly basis, the Company’s Cash and Banking Team monitors its collections, expenditures and any excess/deficiency in the working capital requirements, by preparing cash position reports that present actual and projected cash flows for the subsequent week. Cash outflows resulting from major expenditures are planned so that money market placements are available in time with the planned major expenditure. In addition, the Company has short-term cash deposits and has available credit lines with accredited banking institutions, in case there is a sudden deficiency. The Company maintains a level of cash and cash equivalents deemed sufficient to finance the operations.

Capital Management

Capital includes equity attributable to equity holders of the Parent Company.

The primary objective of the Company’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximize shareholder value. The Company has sufficient capitalization.

The Company generates cash flows from operations sufficient to finance its organic growth. It declares cash dividends representing about one-third of its consolidated net income, a ratio that would still leave some additional cash for future acquisitions. If needed, the Company would borrow money for acquisitions of new businesses.

Company’s Policies

The Company implements and upholds the following policies:

Conflict of Interest Policy

In business dealings with outside parties, the Company takes steps toward ensuring that it is not subject to any actual or apparent conflict of interest. Dealings with suppliers and service providers are observed in an impartial manner, without favour or preference, other than the best interest of the Company.

Absence of conflict of interest is among the qualifications considered by the Nomination Committee to determine the final list of candidates for directorships in the Board of Directors. The Company also has internal policies on conflict of interest which apply to senior management and to all employees.

Material Related Party Transactions Policy

Material Related Party Transactions Policy – October 22, 2019

It is the policy of Jollibee Foods Corporation (the “Company”) to uphold the integrity and transparency of related party transactions.[1] The Company shall conduct all material related party transactions, as defined under this Policy, on an arm’s length basis, in such manner that will inure to the best interest of the Company and its stakeholders and in compliance with existing laws, rules and regulations. Related party transactions shall be disclosed, reviewed and approved in accordance with this Policy, and any amendments thereto, consistent with the principles of transparency and fairness.

Insider Trading Policy

The Company observes the statutory rules and regulations pertaining to prohibition against insider trading. The Company submits the required reports to the regulatory agencies within three (3) business days from date of purchase or sale of Company’s shares by its directors or officers. Trading in the Company’s shares is prohibited two (2) trading days from submission of the Company’s disclosures. In practice, the trading prohibition is observed after the Board meeting approving the matter or after the disclosure (whichever is earlier).

Employee-Related Welfare and Benefits Policy

In addition to statutorily required benefits, employees are provided with healthcare benefits. The Company requires its employees to undergo internal training and encourages external training as and when related to an employee’s functions. Employees are provided with all benefits required under the law.

Whistle-blowing Policy

The Company endeavours to maintain the highest standards of business ethics, as well as full compliance with all relevant laws, rules and regulations. As such, it ensures that a system is in place which will enable all stakeholders to submit reports, complaints or any other information regarding any fraudulent, illicit or unethical activity in an anonymous and confidential manner, without fear of reprisal.

Dividend Policy

The Company declares dividends on a semi-annual basis and upon approval by the Board of Directors. The Jollibee Group has a cash dividend policy of declaring one-third of the Jollibee Group’s net income for the year as cash dividends. It uses best estimate of its net income as basis for declaring cash dividends.

SEC Form 17-A (Annual Report)

2012 Amended Annual Report..

2011 Annual Report

2010 Annual Report

SEC Form 17-Q (Quarterly Report)

SEC Form 17-C (Current Report)

2018

SEC Form 20-IS (Information Statement)

SEC Form 23-A/B (Statement of Beneficial Ownership)

General Information Sheet

Audited Financial Statements

Annual Report – Glossy

2018 – Our Delightful Numbers

2018 Annual Report

2017 – A Journey Full of Joy!

2017 Annual Report (7.09 MB)

2016 – #Share the Joy

In this digital age, social media has become a part of our everyday lives as we constantly connect with people and share experiences online. In this year’s annual report, we showcase the excitement and delight that our products bring our customers, moving them to share their joy online. Just as social media has found its way into our lives, Jollibee Foods Corporation products have, likewise, found their part in our customers’ everyday happiness.

2016 Annual Report (7.09 MB)

2015 – JFC Annual Report

2015 Annual Report (3,101 KB)

2014 – JFC Annual Report

2014 Annual Report (3,101 KB)

2013 – JFC Annual Report

2013 Annual Report (3,640 KB)

2012 – Branding great taste.How do you brand great taste?A brand is like a person. It is truly unique. Its name clearly reminds of some things; to consumers – its benefits, its promise of high quality. Branding is about creating that identity. At Jollibee Foods Corporation, we create and serve great tasting food. Always, the food taste must be worthy of the brand name. Through concise and catchy taglines, we communicate to consumers the brandsâ€™ promise of high quality.

2012 Annual Report (69,400 KB)

2011 – Drive to a greater future.Jollibe Foods Corporation (JFC) continues to create lasting and memorable moments with family and friends as it shares the joy of eating locally and around the world. With its store network exponentially growing in numbers, JFC has set its sights on bigger dreams for future expansions. JFC seizes the dream of putting up each brand in interesting key locations across the globe, to delight the diverse palates of the international market. Visualizing these aspirations with artistic renderings, JFC shares its imagination and bold dreams towards its Drive to A Greater Future.

2011 Annual Report (39,600 KB)

2010 – Spreading the joy of eating to everyone.Sharing a meal is more than just dining on delicious food. It is about spending time with family, friends, and colleagues. Jollibee Foods Corporation (JFC) understands this and strives to make each dining moment a delightful experience. With its diverse variety of brands and food choices, JFC reaches a broad range of customers from different walks of life all over the word – truly spreading the joy of eating to everyone.

2010 Annual Report (48,200 KB)

2009 – The Place is a BrandWhat makes a brand? More than just a name and a logo, a brand has character. It can be formal or playful, aged or young, traditional or modern, elaborate or simple. A good brand does not just deliver its benefits. It does so with distinctive style! The brands of Jollibee Foods Corporation serve great tasting, great value food. They provide dining experience in a place designed to delight in a way that is consistent with the brands’ character. In this annual report, we feature our restaurants showing the different personalities of our brands.

2009 Annual Report (4,138 KB)

2008 – Growing by Adapting the Flavors of the WorldTHE WORLD IS GLOBAL, BUT ITS TASTES ARE LOCAL. People adapt foreign foods but change them to their tastes. This is natural. Taste preference along with those of aroma, texture, and presentation evolved over hundreds of years, influenced mainly by the kinds of plant and animal food that grow in their geography. Local preferences are hard to change.This presents challenges and opportunities for those serving food in many countries. They should understand and satisfy the local tastes. If they do, they would have new markets. Their array of cuisines and flavors would also expand, giving them even more chances to serve a wider variety of food to other peoples in other places. For Jollibee Foods Corporation, this is one of the meanings of “growth”.

2008 Annual Report (5,019 KB)

Notice of all Annual or Special Stockholders’ Meetings

Minutes of all Annual or Special Stockholders’ Meetings

Annual Reports

2015 – Forever Favorites!

Fastfood and casual dining has grown popular with the masses, quickly becoming an indispensable part of our urban environment. Likewise, in our society greatly influenced by popular culture, pop art has received interest with its fun and vibrant manifestations of our curiosities and activities; making it a perfect fit in presenting our accomplishments across brands and products.

2015 Annual Report (7.09 MB)

2014 – Serving the best!

This annual report showcases the flagship products of each of our brands. These are the products that our customers buy most, remember most and come back most for!

2014 Annual Report (7.09 MB)

2013 – Serving You with Joy!

This annual report to our shareholders features how the people in our restaurants serve our customers with passion and excellence. This is how they bring to life the Company’s mission of “spreading the joy of eating to everyone”!

2013 Annual Report (7.09 MB)

2012 – Branding Great Taste

A brand is like a person. It is truly unique. Its name clearly reminds of some things; to consumers – its benefits, its promise of high quality. Branding is about creating that identity. At Jollibee Foods Corporation, we create and serve great tasting food. Always, the food taste must be worthy of the brand name. Through concise and catchy taglines, we communicate to consumers the brands’ promise of high quality.

2012 Annual Report (69,400 KB)

2011 – Drive to a Greater Future

Jollibe Foods Corporation (JFC) continues to create lasting and memorable moments with family and friends as it shares the joy of eating locally and around the world. With its store network exponentially growing in numbers, JFC has set its sights on bigger dreams for future expansions. JFC seizes the dream of putting up each brand in interesting key locations across the globe, to delight the diverse palates of the international market. Visualizing these aspirations with artistic renderings, JFC shares its imagination and bold dreams towards its Drive to A Greater Future.

2011 Annual Report (39,600 KB)

2010 – Spreading the Joy of Eating to Everyone

Sharing a meal is more than just dining on delicious food. It is about spending time with family, friends, and colleagues. Jollibee Foods Corporation (JFC) understands this and strives to make each dining moment a delightful experience. With its diverse variety of brands and food choices, JFC reaches a broad range of customers from different walks of life all over the word – truly spreading the joy of eating to everyone.

2010 Annual Report (48,200 KB)

2009 – Designed to Delight

What makes a brand? More than just a name and a logo, a brand has character. It can be formal or playful, aged or young, traditional or modern, elaborate or simple. A good brand does not just deliver its benefits. It does so with distinctive style! The brands of Jollibee Foods Corporation serve great tasting, great value food. They provide dining experience in a place designed to delight in a way that is consistent with the brands’ character. In this annual report, we feature our restaurants showing the different personalities of our brands.

2009 Annual Report (4,138 KB)

2008 – Growing by Adapting the Flavors of the World

THE WORLD IS GLOBAL, BUT ITS TASTES ARE LOCAL. People adapt foreign foods but change them to their tastes. This is natural. Taste preference along with those of aroma, texture, and presentation evolved over hundreds of years, influenced mainly by the kinds of plant and animal food that grow in their geography. Local preferences are hard to change.

This presents challenges and opportunities for those serving food in many countries. They should understand and satisfy the local tastes. If they do, they would have new markets. Their array of cuisines and flavors would also expand, giving them even more chances to serve a wider variety of food to other peoples in other places. For Jollibee Foods Corporation, this is one of the meanings of “growth”.

2008 Annual Report (5,019 KB)

2007 – 30 Years Enhancing Celebrations

JOLLIBEE BEGAN WITH TWO ICE CREAM PARLORS in Manila in 1975. It became a formal business enterprise on January 11, 1978 with the establishment of Jollibe Foods Corporation. Since then, JFC had grown to become the largest food service company in the Philippines and one of Asia’s most promising food service enterprises.

Today, JFC operates more than 1,600 stores in the Philippines and 9 other countries with 8 brands: Jollibee, Chowking, Greenwich, Red Ribbon, Yonghe King, Delifrance, Chun Shui Tang and it’s latest addition Manong Pepe.

Even in its earliest years, Jollibee brand was not just about convenience and affordability in eating out. It has always been about great tasting food in a fun and wholesome place. It has a great place for celebrations

These qualities have become parts of the character of all brands in the Jollibee Group.

In 2008, Jollibee Foods Corporation is celebrating its 30th year of official existence. More meaningfully for its employees’ they are celebrating 30 years of doing a fine job og enhancing customer celebrations!

In this annual report, Jollibee Foods Corporation features customer celebrations patronizing our products in and outside of our stores.

2007 Annual Report (2,636 KB)

2006 – Building Leader Brands: The Art of Marketing

When people look at our logos, what quickly comes to their minds? Most likely, images of Jollibees Chickenjoy and Yumburger, Chowking’s Chinese noodles, Greenwichs pizzas and pastas, Delifrance’s freshly-baked breads, Red Ribbon’s cakes and pastries, Yonghe Kings soy milk and dough sticks, and Chun Shui Tangs tea drinks. But logos aren’t simply about products. Logos, and the brands they represent remind people of the brands’ promises. Like a distinctive flavor, texture, juiciness and aroma of familiar food products; the liveliness, colorfulness, cleanliness and atmosphere of fun and customer delight in the dining place; the ready smile, warmth and courtesy of the store crew.

As a profound definition, a brand is a promise to a certain delightful experience. For this 2006 Annual Report, we take a closer look into the leader brands that make up the Jollibee Group. We invite our readers to take this journey with us, how we communicate the brands’ promise through effective marketing; and how we ensure that the brands’ promise is delivered always, and even betterthrough constant innovation and improvement in products, service and store design. This is our art of marketing. It helps explain why the Jollibee Group has become a group of leader brands. It gives more insight into why our brands keep on achieving superior performance in the market place.

2006 Annual Report (4,714 KB)

2005 – Ordinary People with Extraordinary Achievements

Passionate dancers, a violinist, a nature lover, a church lector, an aspiring artist, a cyclist an extreme climber, a baseball player, an NGO volunteer, a rising star and a photography enthusiast. They are people in Jollibee Foods Corporation. They live theirs fully with their varied interests. But they are also ordinary people who enjoy the simplicities of life. The people of Jollibee Group are ordinary people. What makes them stand out are their characters and the values they apply in daily life.

2005 Annual Report (4,714 KB)

2004 – Inside our Great Tasting Food

Everyday, 1.7 million people enjoy our great tasting food in our happy and fun restaurants. When they stand before the counter, they already know more or less what they want: the crispy Chicken Joy in our Jollibee store, the rich flavored Halo-Halo dessert in Chowking, the Primo Pizza in Greenwich, the French Baguette in Delifrance, or the Deep Fried Dough Stick in Yonghe King. They want to repeat the delightful dining experience they have whenever they come to our restaurants.

2004 Annual Report (1,313 KB)

2003 – Our Youthful Optimism for the Future

On cover is 17-year old Miss Astrid Isidoro, a first-year college student in St. Paul University System in Quezon City, taking up Business Management.Like so many other people of various ages, she enjoys dining in restaurants run by Jollibee Group of Companies. Astrid represents the young population of the Philippines… and of Asia.

2003 Annual Report (1,313 KB)

Financial Highlights

Total Outstanding Shares

Ownership Structure
As of September 30, 2019

Number of Outstanding Shares	1,097,084,763
Number of Issued and Outstanding Shares	1,113,532,103
Treasury Shares	(16,447,340)

Ownership Structure
As of June 30, 2019

Number of Outstanding Shares	1,093,528,663
Number of Issued and Outstanding Shares	1,109,976,003
Treasury Shares	(16,447,340)

Ownership Structure
As of March 31, 2019

Number of Outstanding Shares	1,092,480,279
Number of Issued and Outstanding Shares	1,108,927,619
Treasury Shares	(16,447,340)

Ownership Structure
As of December 31, 2018

Number of Outstanding Shares	1,088,052,815
Number of Issued and Outstanding Shares	1,104,500,155
Treasury Shares	(16,447,340)

Ownership Structure
As of September 30, 2018

Number of Outstanding Shares	1,088,012,031
Number of Issued and Outstanding Shares	1,104,459,371
Treasury Shares	(16,447,340)

Ownership Structure
As of June 30, 2018

Number of Outstanding Shares	1,086,935,53
Number of Issued and Outstanding Shares	1,103,382,871
Treasury Shares	(16,447,340)

Ownership Structure
As of March 31, 2018

Number of Outstanding Shares	1,086,614,467
Number of Issued and Outstanding Shares	1,103,061,807
Treasury Shares	(16,447,340)

Ownership Structure
As of March 31,

Number of Outstanding Shares	1,066,793,940
Number of Issued and Outstanding Shares	1,083,241,280
Treasury Shares	(16,447,340)

Ownership Structure
As of March 31, 2015

Number of Outstanding Shares	1,066,793,940
Number of Issued and Outstanding Shares	1,083,241,280
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	style=”text-align: right;”>28.92 %
Number of Foreign-Owned Shares	308,477,173

Ownership Structure
As of March 31, 2014

Number of Outstanding Shares	1,066,793,940
Number of Issued and Outstanding Shares	1,083,241,280
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.92 %
Number of Foreign-Owned Shares	308,477,173

Ownership Structure

As of October 31, 2014…

Number of Outstanding Shares	1,062,523,674
Number of Issued and Outstanding Shares	1,078,971,014
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	30.10 %
Number of Foreign-Owned Shares	319,831,501

Ownership Structure

As of November 30, 2014

Number of Outstanding Shares	1,066,702,190
Number of Issued and Outstanding Shares	1,083,149,530
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	30.30 %
Number of Foreign-Owned Shares	323,231,891

Total Outstanding Shares

Ownership Structure
As of September 30, 2019

Number of Outstanding Shares	1,097,084,763
Number of Issued and Outstanding Shares	1,113,532,103
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	282,811,307
Foreign Ownership Level (%)	25.78 %

Ownership Structure
As of June 30, 2019

Number of Outstanding Shares	1,093,528,663
Number of Issued and Outstanding Shares	1,109,976,003
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	291,317,818
Foreign Ownership Level (%)	26.64 %

Ownership Structure
As of March 31, 2019

Number of Outstanding Shares	1,092,480,279
Number of Issued and Outstanding Shares	1,108,927,619
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	303,365,316
Foreign Ownership Level (%)	27.77 %

Ownership Structure
As of December 31, 2018

Number of Outstanding Shares	1,088,052,815
Number of Issued and Outstanding Shares	1,104,500,155
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	301,790,562
Foreign Ownership Level (%)	27.74 %

Ownership Structure
As of September 30, 2018

Number of Outstanding Shares	1,088,012,031
Number of Issued and Outstanding Shares	1,104,459,371
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	299,690,203
Foreign Ownership Level (%)	27.54 %

Ownership Structure
As of June 30, 2018

Number of Outstanding Shares	1,086,935,531
Number of Issued and Outstanding Shares	1,103,382,871
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	304,301,275
Foreign Ownership Level (%)	28.00 %

Ownership Structure
As of March 31, 2018

Number of Outstanding Shares	1,086,614,467
Number of Issued and Outstanding Shares	1,103,061,807
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	308,751,789
Foreign Ownership Level (%)	28.41 %

Ownership Structure
As of December 31, 2016

Number of Outstanding Shares	1,075,083,542
Number of Issued and Outstanding Shares	1,091,530,882
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	292,185,637
Foreign Ownership Level (%)	27.18 %

Ownership Structure
As of September 30, 2016

Number of Outstanding Shares	1,075,015,291
Number of Issued and Outstanding Shares	1,091,462,631
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	302,477,655
Foreign Ownership Level (%)	28.14 %

Ownership Structure
As of June 30, 2016

Number of Outstanding Shares	1,072,691,051
Number of Issued and Outstanding Shares	1,089,138,391
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	309,521,992
Foreign Ownership Level (%)	28.85 %

Ownership Structure
As of March 31, 2016

Number of Outstanding Shares	1,071,506,671
Number of Issued and Outstanding Shares	1,087,954,011
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	313,987,095
Foreign Ownership Level (%)	29.30%

Ownership Structure
As of February 29, 2016

Number of Outstanding Shares	1,069,702,937
Number of Issued and Outstanding Shares	1,086,142,394
Treasury Shares	(16,447,340)
Number of Foreign-Owned Shares	309,305,617
Number of Foreign-Owned Shares	28.92%

Ownership Structure
As of January 31, 2016

Number of Outstanding Shares	1,069,695,054
Number of Issued and Outstanding Shares	1,086,142,394
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.55 %
Number of Foreign-Owned Shares	305,450,304

Ownership Structure
As of December 31, 2015

Number of Outstanding Shares	1,069,669,555
Number of Issued and Outstanding Shares	1,086,116,895
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.68 %
Number of Foreign-Owned Shares	306,810,170

Ownership Structure
As of October 31, 2015

Number of Outstanding Shares	1,069,642,821
Number of Issued and Outstanding Shares	1,086,090,161
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.75 %
Number of Foreign-Owned Shares	307,546,523

Ownership Structure
As of September 30, 2015

Number of Outstanding Shares	1,069,636,821
Number of Issued and Outstanding Shares	1,086,084,161
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.48 %
Number of Foreign-Owned Shares	304,668,693

Ownership Structure
As of August 31, 2015

Number of Outstanding Shares	1,069,636,821
Number of Issued and Outstanding Shares	1,086,084,161
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.39 %
Number of Foreign-Owned Shares	303,652,148

Ownership Structure
As of July 31, 2015

Number of Outstanding Shares	1,069,236,761
Number of Issued and Outstanding Shares	1,085,684,101
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.65 %
Number of Foreign-Owned Shares	306,376,538

Ownership Structure
As of June 30, 2015

Number of Outstanding Shares	1,067,877,759
Number of Issued and Outstanding Shares	1,084,325,099
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.43 %
Number of Foreign-Owned Shares	303,556,982

Ownership Structure
As of May 31, 2015

Number of Outstanding Shares	1,067,827,107
Number of Issued and Outstanding Shares	1,084,274,447
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.71 %
Number of Foreign-Owned Shares	306,556,897

Ownership Structure
As of April 30, 2015

Number of Outstanding Shares	1,066,816,107
Number of Issued and Outstanding Shares	1,083,263,447
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.45 %
Number of Foreign-Owned Shares	303,524,069

Ownership Structure
As of March 31, 2015

Number of Outstanding Shares	1,066,793,940
Number of Issued and Outstanding Shares	1,083,241,280
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.92 %
Number of Foreign-Owned Shares	308,477,173

Ownership Structure

As of March 31, 2014

Number of Outstanding Shares	1,066,793,940
Number of Issued and Outstanding Shares	1,083,241,280
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	28.92 %
Number of Foreign-Owned Shares	308,477,173

Ownership Structure

As of October 31, 2014

Number of Outstanding Shares	1,062,523,674
Number of Issued and Outstanding Shares	1,078,971,014
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	30.10 %
Number of Foreign-Owned Shares	319,831,501

Ownership Structure

As of November 30, 2014

Number of Outstanding Shares	1,066,702,190
Number of Issued and Outstanding Shares	1,083,149,530
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	30.30 %
Number of Foreign-Owned Shares	323,231,891

Ownership Structure

As of December 31, 2014

Number of Outstanding Shares	1,066,790,190
Number of Issued and Outstanding Shares	1,083,237,530
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	30.21 %
Number of Foreign-Owned Shares	322,260,599

Ownership Structure

As of January 31, 2015

Number of Outstanding Shares	1,066,790,190
Number of Issued and Outstanding Shares	1,083,237,530
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	29.85 %
Number of Foreign-Owned Shares	318,397,188

Ownership Structure

As of February 28, 2015

Number of Outstanding Shares	1,066,790,190
Number of Issued and Outstanding Shares	1,083,237,530
Treasury Shares	(16,447,340)

Foreign Ownership Level (%)	29.55 %
Number of Foreign-Owned Shares	315,282,198

Top 20 Stockholders

Public Ownership

Foreign Ownership

Historical Stock Price

Historical Dividends Declaration

The Jollibee Group has a cash dividend policy of declaring one-third of the Jollibee Group’s net income for the year as cash dividends. It uses best estimate of its net income as basis for declaring cash dividends.

JFC Historical Cash Dividends

CASHDIVIDEND(In Pesos)	DECLARATIONDATE	EX-DATE	RECORDDATE	PAYMENTDATE	REMARKS
0.37	28-Apr-09	11-May-09	14-May-09	05-Jun-09
0.48	05-Nov-09	18-Nov-09	23-Nov-09	15-Dec-09
1.43	12-Apr-10	04-May-10	07-May-10	03-Jun-10	Includes special cash dividend of P1.00 per share
0.82	10-Nov-10	22-Nov-10	25-Nov-10	21-Dec-10	Includes special cash dividend of P0.25 per share
0.50	13-Apr-11	02-May-11	05-May-11	31-May-11
0.57	04-Nov-11	17-Nov-11	22-Nov-11	16-Dec-11
0.58	12-Apr-12	04-May-12	09-May-12	31-May-12
1.62	12-Nov-12	27-Nov-12	03-Dec-12	19-Dec-12	Includes special cash dividend of P1.00 per share
0.65	11-Apr-13	02-May-13	07-May-13	30-May-13
2.00	06-Aug-13	16-Sep-13	19-Sep-13	14-Oct-13	Special cash dividend
0.71	12-Nov-13	26-Nov-13	29-Nov-13	16-Dec-13
0.75	07-Apr-14	05-May-14	08-May-14	30-May-14
0.89	12-Nov-14	24-Nov-14	27-Nov-14	18-Dec-14
0.80	07-Apr-15	4-May-15	7-May-15	29-May-15
0.97	09-Nov-15	20-Nov-15	25-Nov-15	9-Dec-15
0.86	06-April-16	18-April-16	21-April-16	06-May-16
1.00	11-Nov-16	23-Nov-16	28-Nov-16	12-Dec-16
1.00	5-Apr-17	17-Apr-17	21-Apr-17	5-May-17
1.18	10-Nov-17	22-Nov-17	27-Nov-17	11-Dec-17
1.14	6-Apr-18	19-Apr-18	23-Apr-18	9-May-18
1.34	9-Nov-18	21-Nov-18	26-Nov-18	10-Dec-18

See all dividends declaration here

Dividends Declarations

2019
- November 11, 2019
- April 8, 2019
2018
- November 9, 2018
- April 6, 2018
2017
- November 10, 2017
- April 5, 2017
2016
- November 11, 2016
- April 6, 2016
2015
- November 9, 2015
- April 7, 2015
2014
- November 12, 2014
- April 07, 2014
2013
2012
- November 12, 2012
- April 12, 2012
2011
- November 04, 2011
- April 13, 2011
2010
- November 10, 2010
- April 12, 2010
2009
- November 05, 2009
- April 28, 2009

Investors’ Contact

COMPANY HEADQUARTERS

10/F Jollibee Plaza Building

No. 10 F. Ortigas Jr. Avenue

Ortigas Center, Pasig City, Philippines 1605

Telephone: (632) 8634-1111

Website: www.jollibee.com.ph

COMMON STOCK

Jollibee’s common stock is listed and traded on the Philippine Stock Exchange with the ticker symbol “JFC”. It is one of the companies which comprise the PSE Composite Index.

STOCKHOLDERS’ INQUIRIES

Inquiries regarding dividend payments, account status, address changes, stock certificates and other pertinent matters may be addressed to the Company’s registrar and transfer agent:

Rizal Commercial Banking Corporation

Stock Transfer Office

Ground Floor, West Wing

Grepalife Building

221 Senator Gil Puyat Avenue

Makati City

Telephone: (632) 8-892-7566

INSTITUTIONAL INVESTOR INQUIRIES

Further information on Jollibee Foods Corporation is obtainable from the Investor Relations department. Please write or call:

Cossette B. Palomar
Investor Relations Assistant Vice President
Jollibee Foods Corporation

Telephone: (632) 8634-1111

Email: ir@jollibee.com.ph

Jollibee Foods Corporation
Our Business
Our Company
Milestones
Mission and Vision
Core Values
Board of Directors, Management Team and Executive Officers
Company’s Organizational Chart/Group Corporate Structure
Shareholding Structure
Articles of Incorporation and By-laws
Corporate Governance
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Investor Relations

Jollibee Foods Corporation