IBERSOL Sustainability Report 2017

ORGANISATIONAL PROFILE 2017 was marked by further growth as a result of increased transactions, driven by improvedmarket conditions, the refurbishment and opening of newstores, and the impact of the Eat Out Group acquisition, underpinned by our continued focus on the capacity-building and development of our personnel. In Portugal, Ibersol continued to focus on implementing its strategic growth plans for the Burger King, Pizza Hut and KFC brands and refurbishing the restaurants of several brands, such as Burger King; Pizza Hut, KFC, Pans & Company, Pasta Caffé, MiiT and some coffee kiosks. In Spain, following the acquisition of the Eat Out Group in 2016, the Group faces the challenges that come with merger and integration and continues to readjust its portfolio of food service units, based on contractual conditions, return and strategic interests. In Angola, expansion has been put on hold and the Group is focusing its energy on sustaining and enhancing its KFC and Pizza Hut operations, while it waits for political and market conditions to improve. The assessment of the Business portfolio led to a decision to close 46 units, 21 owned and 25 franchised. With the Iberian market developing positively, the selective expansion plan con- tinued to be implemented, which saw the Group opening 25 new units, 19 owned and 6 franchised. The Ibersol Group closed the 2017 financial yearwith a total of 646 stores, of which 410are owned brands and 236 are franchised brands. There are 316 stores located in Portugal, 312 in Spain, 10 in Angola and 8 in Italy. As regards owned stores, at the end of the year, we were operating 315 units in Portugal, 177 in Spain and 10 in Angola. BUSINESS PORTFOLIO 14