Coca-cola Europacific Partners Plc · NASDAQ:CCEP
Coca-cola Europacific Partners — Debt Investor Presentation (April 2021)
30 slides from Coca-cola Europacific Partners's debt investor presentation, April 2021
Slide 1: Fixed Income Investor Presentation April 2021
ROPEAN PARTNERS EUI Fixed Income Investor Presentation April 2021
Slide 2: Reconciliation & Definition of Alternative Performance Measures; Disclaimer (1/2)
tea) Reconciliation & Definition of Alternative Performance Measures Chi The following presentation includes certain alternative performance measures, or nor-GAAP performance measures. Refer to 2020 Integrated Report / Annual Report on Form 20-F, published on 12 March 2021, which details our nor- GA
Slide 3: Disclaimer (2/2)
Disclaimer (2/2) Cibola Cautionary Statement Regarding Forward-Looking Statements This presentation may contain statements, estimates or projections that constitute “forward-looking statements’ concerning the financial condition, performance, results, strategy and objectives of CCEP and it subsidiar
Slide 4: Presenters: Treasurer and Chief Financial Officer
iN Cigdem Gures Erden Vice President, Treasurer i Nik Jhangiani Chief Financial Officer
Slide 5: We come from a position of strength
We come from a position of Cbg EUROPEAN PARTNERS . We enjoy unrivalled customer coverage Solid track record with whe : ~ 2 of delivery & execution value Adi Our category We have a solid balance sheet, is big, valuable & stro ration & we are winning share! solid it Ae We have a great portfolio al : o
Slide 6: Summary: Well on the road to a stronger and even more sustainable business
Summary Caley Well on the road to a stronger and even more sustainable business po 2019 2020 2024 We come from a COVID-19: Respond, Confident in position of strength recover & build for future our future Great people People, customers & communities Exciting growth platform Solid track record Busines
Slide 7: Confident in future led by green & digital
Confident in future led by green & digital Catelg EUROPEAN PARTNERS Grow the sparkling category & Build a platform for growth in coffee our share where we lead la te COM World-class RGM? to drive mix & Build share where we don't lead profit Double energy business! EUROPEAN PARTNERS Unrivalled execut
Slide 8: Exciting portfolio growth platform
Exciting portfolio growth platform i _ Grow the sparkling category FAN: j & our share where we lead > A Double energy business! we don't lead aI a Build share where
Slide 9: FY20 our sustainability commitments
FY20 our sustainability commitments Announced net zero Going ambition by 2040 further & faster on entire value chain on our packaging GHG! reduction by 2030? «vs 2019) rPET® (Target: 50% by 2023) aScle © ry ILL. NA ~s based on GHG reduction target {BpIDibaw ZS CLIMATE recyclable packaging* Dow Jones
Slide 10: CCEP FY20 Financial update
ROPEAN PARTNERS EUI CCEP FY20 Financial update
Slide 11: FY20 financial summary
FY20 financial summary Ciba Dividend er share Operating Earnings Free NS ai
Slide 12: FY20 revenue down 11% driven by Covid-19: highlights
FY20 revenue down 11% driven by Covid-19: highlights Catelg EUROPEAN PARTNERS ee . . ore Winning with customers Gained value share Resilient core brand performance #1 customer value creator within NARTD: +40bps value share? : aaa Coca Cola Zero, Sugar: ute NARAID gierees Gur iermitesMnisss +140bps o
Slide 13: Maintained strong Free Cash Flow generation of €925m
Maintained strong Free Cash Flow‘ generation of €925m Ciately EUROPEAN PARTNERS £1,790m (115m) (€360m) Capex exe. leases, (€475m) +€185m Digital & Other 20% BM Cold Drink Equipment (CDE) 15% Supply Chain 65% Adjusted Capex Working Taxes Interest Restructuring Free Cash FY20 EBITDA’ Capital & Other F
Slide 14: Acquisition overview
Acquisition overview EUROPEAN PARTNERS
Slide 15: Strategic rationale
strategic rationale Creates platform for accelerated growth & returns Provides access to one of the world's most populous & attractive emerging growth market Further stret 15
Slide 16: Final transaction overview
Final transaction overview CXbia Breakdown of effective purchase price per share Acquired from Acquired f li cquired from public The Coca-Cola Company shareholders (asso) COCA-COLA AMATIL outstanding Resi 120.0% ke share capital AS10.75 Closing price before announcement?# Effective purchase price pe
Slide 17: Ind & PNG NZ & FJ Northern
Corp Serv. 1.5% Ind & PNG 20.0% NZ & FJ Aus 17.0% 61.5% Northern Iberia Europe 20.5% 21.0% France 16.0% Germany 21.5% Great Britain 21.0%
Slide 18: <1% 4% 16% 21% 13% 17% 17% 16% 13%
<1% 4% 16% 21% 13% 17% 17% 16% 13%
Slide 19: With attractive underlying category growth
With attractive underlying category growth Cibola NARTD growth across all markets ] Australia & New Zealand Indonesia CCEP Markets Indonesia the standout where CCEP can leverage past n management experience F Au 1433 Great consumption opportunity - currently lower in Amatil's markets compared to CCE
Slide 20: Combining the talent, learning & best practices of two great companies
Combining the talent, learning & best practices of two Ciba great companies foele) people to grow v Ability to leverage proven CCEP integration and value capture capabilities to Amatil’s markets sustainability etc v Enhanced capabilities in areas such as coffee and alcohol v Experienced leadership w
Slide 21: FTSE4Good AAA and AA ratings
AAA Rating AA Rating FTSE4GOOD FTSE4GOOD
Slide 22: Maturity profile and transaction terms
ROPEAN PARTNERS EUI Maturity profile and transaction terms
Slide 23: Maintained balance sheet & access to liquidity
Maintained balance sheet & access to liquidity Balanced bond maturity’ (€'m) £500 £500 § €500 § €500 Committed to strong investment grade debt rating 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 m™Bonds - CCEP Bonds - Amatil
Slide 24: Terms
Terms Guarantor Tenors Documentation Active Bookrunners Expected Rating e of Proceeds Listing Citely EUROPEAN PARTNERS CCEP Finance (Ireland) DAC Coca-Cola European Partners PLC Benchmark 4/8/12/20-year Reg§S, Registered, Standalone Barclays, BNP, Credit Suisse, Rabobank, Santander Baa’ (Stable) / B
Slide 25: EUROPEAN PARTNERS
EUROPEAN PARTNERS
Slide 26: Summary: Key takeaways
Summary Catelg EUROPEAN PARTNERS Becoming a stronger & even more sustainable business for the future Key takeaways 26
Slide 27: Appendix
Appendix EUROPEAN PARTNERS
Slide 28: Brings together two of the world's best bottlers
Brings together two of the world's best bottlers Cite Leading market positions’ in great markets with strong financials Operational metrics? Cie CCA Financial metrics? Ciatily CCA EUROPEAN PARTNERS, COCA-COLA AMATIL FUROPRAN BARTNFRS COCA-COLA AMATIL Popula’ >300m ~295m 2,277 618 Production faciliti
Slide 29: Proforma financials as Reported (P&L)
Proforma financials as Reported (P&L) Cabby EUROPEAN PARTNERS ondensed unaudited proforma income statements as of December 2020' Historical CCEP | Adjusted CCA? 9
Slide 30: Proforma financials as Reported (Balance Sheet)
Proforma financials as Reported (Balance Sheet) Catelg EUROPEAN PARTNERS Transaction Accounting Adjustments Historical CCEP | Adjusted CCA? |ipotallaequisition Financing adjustments? Adjustments* ‘ondensed unaudited proforma statement of financial positon as of December 2020' CCEP total pro forma co
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