Page 1

JOLLIBEE FOODS CORPORATION JFC Reports Php1 Billion Profit in Q2 2021 - Metro Manila , Philippines , August 10 , 2021 – Jollibee Foods Corporation ( PSE : JFC ) – Financial Results for the Second Quarter and First Semester Ended June 30 , 2021 Following are the highlights of the financial results of operations of Jollibee Foods Corporation ( JFC ) and its subsidiaries for the second quarter and first semester ended June 30 , 2021 , based on its Unaudited Consolidated Financial Statements : Quarter 2 YTD June Financial Summary 2021 2020 % Change 2021 2020 % Change System Wide Sales 50,517 30,678 64.7 % 98,300 85,830 14.5 Revenues 36,689 23,340 57.2 % 71,370 62,764 13.7 Operating Income ( Loss ) 1,376 ( 5,431 ) 125.3 % 2,862 ( 6,599 ) 143.4 EBITDA 5,520 ( 7,227 ) 176.4 % 10,687 ( 4,418 ) 341.9 Net Income ( Loss ) 845 ( 10,619 ) 108.0 % 894 ( 12,571 ) 107.1 Net Income ( Loss ) Attributable to Equity Holders of the Parent 976 ( 10,287 ) 109.5 % 1,128 ( 11,963 ) 109.4 Earnings ( Loss ) Per Share - Basic 0.885 ( 9.331 ) 109.5 % 1.024 ( 10.892 ) 109.4 Earnings ( Loss ) Per Share - Diluted 0.884 ( 9.319 ) 109.5 % 1.023 ( 10.870 ) 109.4 * Amounts in Php Millions , except % change and Per Share data Jollibee Foods Corporation ( JFC ) , one of Asia's largest food service companies disclosed today that its system wide sales , a measure of all sales to consumers , both from company - owned and franchised stores increased by 64.7 % to Php50.5 billion in the second quarter of 2021 compared to the same quarter last year when the Covid - 19 pandemic brought its most adverse impact on the business . Revenues grew by 57.2 % . Same store sales in the Philippine business increased by 48.0 % in the second quarter of 2021 compared to the same quarter last year while the international business grew by 28.4 % . China achieved a growth of 48.0 % , North America 27.7 % , Europe / Middle East / other parts of Asia 21.2 % , The Coffee Bean & Tea Leaf 27.9 % , SuperFoods , mostly in Vietnam -8.1 % for a worldwide same store sales growth of 38.4 % versus Q2 of 2020 . JFC generated a consolidated operating income of Php1.4 billion in Q2 2021 representing a marked recovery from the operating loss of Php5.4 billion suffered in the same period in 2020 when sales declined quite significantly resulting from the temporary closure of a high number of stores and decline in sales of stores remaining open due to lockdowns and related restrictions imposed to control the spread of the Covid - 19 virus . Net income attributable to equity holders of the parent company reached Php1.0 billion compared with a Php10.3 billion loss in the second quarter of 2020 which included an expense provision for Business Transformation of Php6.2 billion . EBITDA ( Earnings before interest expense , taxes , depreciation and amortization , an approximation of cash flow from operations ) improved from negative Php7.2 billion in Q2 last year to positive Php5.5 billion this year . All regions achieved significant profit and operating cash flow improvement versus year ago levels . Gross profit margins , general and administrative expenses and operating profit margins also showed marked improvement .