Coca-cola Europacific Partners Plc · NASDAQ:CCEP
Coca-cola Europacific Partners — H1 2026 Earnings Presentation
22 slides from Coca-cola Europacific Partners's earnings presentation, Aug 4, 2026
Slide 1: Winning today, Creating tomorrow
Winning today Creating tomorrow Results for Six Months Ended 3 July 2026 4 August 2026
Slide 2: Forward looking statements
Forward looking statements This document contains statements, estimates or projections that constitute “forward-looking statements” concerning the financial condition, performance, results, guidance and outlook, dividends, consequences of mergers, acquisitions, joint ventures, divestitures, strategy
Slide 3: Executing our value creation strategy
Executing our value creation strategy Supported by strong alignment with TCCC1 & our brand partners Productivity ~€4.4bn ~€4.3bn4 ~88% mindset #1 FMCG retail €350-400m cash returns5 TSR5,6 value creator2,3 by 2028 Sustained NARTD7 Investing Inclusive top & bottom-line leadership & value more than &
Slide 4: Operating in large & growing markets across diverse channels
Operating in large & growing markets across diverse channels 7 10 NARTD Institutions 1% Other ARTD 7% Leisure 7% €180bn 8 CAGR 3-4% QSR 6% Hypers/Supers 35% CAGR 2025 2026-30 HoReCa NARTD7 2025 channel value mix across Home €10bn 8 HSD 2026-30 2025 9 15% & AFH Europe AP SEA Convenience 8% General Di
Slide 5: Great first half – on track for full year
Great first half – on track for full year Leading value creator in FMCG in innovative & growing categories Strong top-line growth supported by great execution & more innovation than ever before Greater productivity & efficiencies support resilient profit delivery Laid foundations for 2026 & beyond w
Slide 6: H1: Key metrics
H1: Key metrics Strong top-line12 NARTD7 Value share gains13 Winning with customers Volume14 Revenue/UC15 Revenue16 NARTD Category CCEP +20bps Maintaining #1 in global #1 Retail Value Growth high customer Advantage value Europe APS service levels creator +5.6% +0.4% +6.1% Group customer +4.4% +30bps
Slide 7: H1: Financial summary
H1: Financial summary12 Revenue COGS/UC Opex % of revenue Operating profit €10.7bn €3.4615 21.4%15 €1.5bn +8.1%15 +6.1%16 +0.6% Improved 39bps Margin 13.8%15 +26bps EPS Comparable FCF Dividend per share Share buyback € € €2.2017 €0.4bn €0.8218 €0.6bn19 +10.6%15 of €1bn for FY 7
Slide 8: FY26 guidance reaffirmed
FY26 guidance reaffirmed12,20,21 In line with mid-term objectives Revenue: growth of ~3-4% Cost of sales per unit case: growth of ~1.5% Operating profit: growth of ~7% Comparable effective tax rate: ~26% Capex: ~5% of revenue22 Comparable free cash flow: at least €1.7bn Dividend payout ratio: ~50%23
Slide 9: Mid-term objectives
Mid-term objectives12 Comparable Revenue Operating free cash flow24 growth15 profit growth15 at least ~4% ~7% €1.7bn p.a. Net Debt: Capex Comparable ROIC Dividend comparable EBITDA up ~50bps p.a. ~4-5% payout ratio23 2.5x – 3.0x of revenue22 ~50% 9
Slide 10: Winning today, creating tomorrow
Winning today, creating tomorrow Delivering against our strategic priorities Broaden total Win Sharpen Scale SEA Unlock growth beverage through competitiveness growth engine with AI & tech portfolio execution 10
Slide 11: Broaden total beverage portfolio
Broaden Sports Sprite Supercans Water Energy +12% +6% +7% +19% total outperforming 11 beverage portfolio Strengthening More our sports flavours line-up Now #1 Pack coffee bean innovation brand in with 500ml retail Supercan Monster Push on innovation water with supports growth new listings 2x rate of
Slide 12: Zero portfolio growing
Zero portfolio growing ~10% Diet Coke, Coke Zero & relaunched Zero Campaign focus Caffeine, all on meal pairing performing & new Sprite strongly Zero Chill Powerade & Aquarius Zero sugar Extending Monster Ultra zero flavour range growing range in >50% Fanta 12
Slide 13: Win through execution
Cooler rollout Win ahead of plan through Biggest ever World Cup execution activation > 80k H1 +5% total increase Continued progress on packaging collection e.g. Portugal DRS Fanta Xbox collaboration & meal activations Customer win momentum & new listings for Fuze Tea & Smartwater 13
Slide 14: Fantastic FIFA activation
Fantastic FIFA activation Record activation with 500k displays Exclusive Panini sticker on-pack 163m Upweighting advanced 135m hydration Team/Player cans & 1.3m gifts with purchase 14
Slide 15: Sharpen our competitiveness
Sharpen 1.5k colleagues our (>250 in Manila) competitiveness More above market capabilities in Sofia & Manila Cross-channel promotional mechanics Competitions, prizes & gifts with purchase to drive engagement Efficiencies, Opex % productivity & of revenue operating leverage 25.0% 21.4% 2021 H1 26 15
Slide 16: Scale Southeast Asia growth engine
Scale Southeast Asia growth Coke Zero campaign engine Launched Sprite Nipis driving double- digit growth Mint & Powerade Strong Wilkins growth supported by Sparkling new listings growth supported by innovation & new RTM Growth driving profitability - Frestea margin close to Blackcurrant & 10% target
Slide 17: Unlock growth with tech & AI
Unlock growth Customer Customer Price & with tech Insights Contact Promo & AI Predictive actionable insights at scale to ‘Sales Force of the Future’ with smart contact Price modelling & smarter segmentation improve support growth management promotional ROI Operations Planning & Enhanced Fulfilment I
Slide 18: Winning today, creating tomorrow
Winning today, creating tomorrow Delivering against our strategic priorities Broaden total Win Sharpen Scale SEA Unlock growth beverage through competitiveness growth engine with AI & tech portfolio execution 18
Slide 19: Winning today, creating tomorrow
Winning today, creating tomorrow Building off a great decade long track record Resilient operating model supports consistent delivery Well positioned in fast growing categories Accelerating productivity through tech to drive growth Investing in our brands, our supply chain & our people Delivering co
Slide 20: Q&A
Q&A Damian v Ed 20
Slide 21: H1 Footnotes
H1 Footnotes 1. The Coca-Cola Company 2. January 2023 - June 2026 3. Nielsen Sales data (Europe, NZ, PH & IND), Gallup (IS), IRI Data (AUS) 4. Includes 2026 H1 dividend and share buyback up to 31 July 2026 5. The past 3 years: July 2023 – June 2026 6. Total Shareholder Return (share price appreciati
Slide 22: Upcoming events, Further information
Investor relations contacts Sarah Willett Upcoming events Vice President sarah.willett@ccep.com 03 Nov 2026: Q3 Trading Update Matt Sharff Director msharff@ccep.com Samina Khan Associate Director skhan@ccep.com Further information Website: www.cocacolaep.com Dimitar Todorchev Manager dtodorchev@ccep
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