Jollibee Foods Corporation (JFC)

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1. Company Information
Company Name	Jollibee Foods Corporation (JFC)
Sector	Industrial		Incorporation Date	Jan 11, 1978
Subsector	Food, Beverage & Tobacco		Number of employees	11,957(Group Total)
Board of Directors	Chairman: Tony Tan Caktiong
Website / E-mail	http://www.jollibee.com.ph / president@jollibee.com.ph
2. Stock Information
Total Assets	77,896,786,000	Market Capitalization		278,287,841,219.00
Total Liabilities	38,411,531,000	Outstanding Shares		1,082,832,067
Retained Earnings	33,887,673,000	Listed Shares		1,097,844,104
Listing Date	Jul 14, 1993	Issued Shares		1,099,279,407
Board Lot	10	Free Float Level (%)		43.11%
Par Value	1.00	Foreign Ownership Limit		40%
3. Major Stock Holders (common shares)
PCD NOMINEE CORPORATION (FOREIGNER) PCD NOMINEE CORPORATION (FILIPINO) HYPER DYNAMIC CORPORATION HONEYSEA CORPORATION WINALL HOLDING CORPORATION				28.39% 10.97% 25.23% 11.8% 5%
4. Company Descriptions and Business Development
Notes 1. Related companies: DD
Overview JFC’s principal business is the development, operation and franchising of quick-service restaurants under trade name “Jollibee.”  It has, as subsidiaries, FRESH N’ FAMOUS FOODS, INC, which operates “Chowking” and “Greenwich,” RED RIBBON BAKESHOP, INC, which operates “Red Ribbon”, MANG INASAL PHILS., INC., which operates “Mang Inasal”, and PERF RESTAURANTS INC., which franchises “Burger King”. It also has other trade names such as “Yonghe King”, “Hong Zhuang Yuan”, “I2 Hotpot”, “Smashburger”, “Dunkin Donuts”. Jolibee has total 1,000 stores as of 2017, of which around 50% were company-owned. In addition, it also has stores abroad such as North America, Middle East and Asia. As of December 2016, Jollibee International has 167 stores. Zenith Foods Corporation (ZFC) and JWS Logistics provide manufacturing and logistics services to the various brands of JFC. As of 2016, foreign sales account for around 21.4% (PHP 23,153,252,197) of total net sales. Business Development In 2016, it purchased 40% of Smashburger in USA. In 2016, It, through its wholly owned subsidiary Jollibee Worldwide Pte. Ltd. (JWPL) acquired 100% stake Happy Bee Foods Processing Pte. Ltd. (Happy Bee) which operates a food processing plant in China. In 2016, It acquired the rest 30% stakes in Mang Inasal Philippines, Inc. from Injap Investments, Inc. JFC now owns 100% of MIPI. It started a Joint Venture with Cargill Inc., to build and operate a poultry processing plant. JFC has 30% stakes.  It also has a JV with Superfoods Group of Vietnam. Business Revenue contribution in 2016 Philippines International 90,625,295,000 23,691,013 99.97% 0.03% Subsidiaries / Associates / Affiliates / Joint Ventures Chowking provides Chinese style fast foods. It has 479 stores nationwide, of which 240 were franchised. It also has 42 stores outside the Philippines. Greenwich mainly serves pizza and pasta. It has around 250 stores, of which 159 stores are franchised. Red Ribbon mainly serves cake and breads. It has 397 stores nationwide and 33 abroad. Mang Inasal mainly serves smoked chicken dishes. It has 465 stores,416 of which were franchised. Burger King Philippines, JFC owns 49%, has 74 stores. YongheKing is Chinese quick serve restaurant brand and has 310 stores in China. Hong Zhuang Yuan has 43 stores in China. Dunkin’ Donuts positioned itself as an American coffee and bakery shop in selected territories of China. It opened 15 stores in Beijing.