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HUNGRY & THIRSTY FOR GROWTH Ramon Laguarta Chairman & CEO Steve Schmitt CFO 2026
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2 SAFE HARBOR STATEMENT & NON-GAAP INFORMATION Safe Harbor Statement Statements in this communication that are “forward - looking statements,” including our guidance and long - term targets, are based on currently available information, operating plans and projections about future events and trends. Terminology such as “aim,” “anticipate,” “believe,” “drive,” “estimate, ” “ expect,” “expressed confidence,” “forecast,” “future,” “goal,” “guidance,” “intend,” “may,” “objective,” “outlook,” “plan,” “position,” “potential,” “project,” “seek,” “should,” “s tra tegy,” “target,” “will” or similar statements or variations of such words and other similar expressions are intended to identify forward - looking statements, although not all forward - looking s tatements contain such terms. Forward - looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predict ed in such forward - looking statements. Such risks and uncertainties include, but are not limited to: future demand for PepsiCo’s products; damage to PepsiCo’s reputation or brand ima ge; product recalls or other issues or concerns with respect to product quality and safety; PepsiCo’s ability to compete effectively; PepsiCo’s ability to attract, develop a nd maintain a highly skilled workforce or effectively manage changes in our workforce; water scarcity; changes in the retail landscape or in sales to any key customer; disruption of PepsiCo’s manufacturing operations or supply chain, including increased commodity, packaging, transportation, labor and other input costs; political, social or geopolitic al conditions in the markets where PepsiCo’s products are made, manufactured, distributed or sold; PepsiCo’s ability to grow its business in developing and emerging markets; chang es in economic conditions in the countries in which PepsiCo operates; changes in tariffs and global trade relations, future cyber incidents and other disruptions to our informat ion systems; failure to successfully complete or manage strategic transactions; PepsiCo’s reliance on third - party service providers and enterprise - wide systems; climate change or measu res to address climate change and other sustainability matters; strikes or work stoppages; failure to realize benefits from PepsiCo’s productivity initiatives or org ani zational restructurings; deterioration in estimates and underlying assumptions regarding future performance of our business or investments that can result in impairment charges; flu ctu ations or other changes in exchange rates; any downgrade or potential downgrade of PepsiCo’s credit ratings; imposition or proposed imposition of new or increased taxes aim ed at PepsiCo’s products; imposition of limitations on the marketing or sale of PepsiCo’s products; changes in laws and regulations related to the use or disposal of plastics or ot her packaging materials; failure to comply with personal data protection and privacy laws; increase in income tax rates, changes in income tax laws or disagreements with tax au thorities; failure to adequately protect PepsiCo’s intellectual property rights or infringement on intellectual property rights of others; failure to comply with applicable law s a nd regulations; and potential liabilities and costs from litigation, claims, legal or regulatory proceedings, inquiries or investigations. For additional information on these and other factors that could cause PepsiCo’s actual results to materially differ from tho se set forth herein, please see PepsiCo’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10 - K and subsequent reports on Forms 10 - Q an d 8 - K. Investors are cautioned not to place undue reliance on any such forward - looking statements, which speak only as of the date they are made. PepsiCo undertakes no obli gation to update any forward - looking statements, whether as a result of new information, future events or otherwise. Non - GAAP Information Please refer to PepsiCo’s website at https://www.pepsico.com in the “Investors” section under “Events and Presentations,” and PepsiCo’s filings with the Securities and Exchange Commission, to find disclosure and a reconciliation of any non - GAAP financial measures contained herein. PepsiCo provides guidan ce on a non - GAAP basis as the Company cannot predict certain elements which are included in reported GAAP results, including the impact of foreign exchange and mar k - t o - market adjustments.