Coca-cola Hbc Ag · LSE:CCH
Coca-cola Hbc — H1 2025 Earnings Presentation
21 slides from Coca-cola Hbc's earnings presentation, Aug 6, 2025
Slide 1: Half Year 2025 Results
Half Year 2025 M, M | Results A AN | 6 August 2025 wl » ome o= —) ey ei a ee na 1
Slide 2: Strategic Review
PRR RTE H I Le Strategic Review Zoran Bogdanovic Chief Executive Officer Ee ON i Coca-Cola
Slide 3: Strong financial performance driven by consistent execution
H12025 Strategic Review Strong financial performance driven by consistent execution ¢ High-quality top line growth, led by Sparkling and Energy ¢ Strong EBIT and EPS delivery * Leveraging our 24/7 portfolio and bespoke capabilities to deliver ina range of market conditions, with continued value shar
Slide 4: Sparkling
Sparkling +2.3% H1volume 1. H1 2025 vs H1 2024 organic volume growth HBC 4 Coca-Cola HBC H1 2025 Results
Slide 5: Energy
H12025 Strategic Review Energy Strong performance despite tough comparatives +30.0%' H1volume 10D feat ae : i ® PREDATOR oa i = D000 10g 1. H1 2025 vs H1 2024 organic volume growth Coca-Cola HBC 5 Coca-Cola HBC H1 2025 Results
Slide 6: Coffee, Stills, Premium Spirits
Coffee, Stills, Premium Spirits -7.6%' H1volume +0.2%' H1 volume +24.0%* H1 volume 1. H1 2025 vs H1 2024 organic volume growth HBC 6 Coca-Cola HBC H1 2025 Results
Slide 7: Investing in Digital, Data and AI to accelerate our growth
Investing in Digital, Data and Al to accelerate our growth and drive productivity Digital enablers to fuel the transformation — data, Al, technology platforms Decision making and processes enhanced by data, technology andinsights Operational productivity Digitising the core ¢ SAP S4Hanain all market
Slide 8: Digital Commerce strategy delivering results
H12025 Strategic Review Digital Commerce strategy delivering results ROUTE TO CUSTOMER 02 SIRVIS 03 WhatsApp Chatbot ROUTE TO CONSUMER 04 eRetail & FSA + Allows customers to order online from us, 24/7, most relevant for DSD1 customers * In20 markets + Growing active customers 1. Direct sales deliver
Slide 9: We continue to be leaders in sustainability
H12025 Strategic Review We continue to be leaders in sustainability PARTNERSHIP PACKAGING Successful performance of Innovation for decarbonisation recently launched DRS in — start of biomethane use in Hungary and Romania; Austria plant in Northern Ireland launched in January International Sustainabl
Slide 10: Financial Review
HBC
Slide 11: Strong financial performance in H1
H1 Financial Review Strong financial performance in H1 Organic top-line growth Comparable EBIT Comparable EBIT margin Comparable +9.9% arowth €649.8 million 11.6% | Esit'margin Organic Organic margin + 2 . 6% arowth + 1 1 8% growth + 20bps expansion €1.31 €242.5 million +25.8% Growth +10.1% Growth F
Slide 12: Consistent execution drives organic revenue growth
H1 Financial Review Consistent execution drives organic revenue growth ¢ Revenue growth of 9.9% Organic growth ¢ Volume growth of 2.6% driven by our strategic % change on prior year priorities, andimprovementin Q2 to 3.2% * Revenue per case growth of 7.2%, driven by tailored revenue growth managemen
Slide 13: Strong organic comparable EBIT growth of 11.8%
H1 Financial Review Strong organic comparable EBIT growth of 11.8% ¢ Comparable EBIT margin up 70 bps to 11.6%, up 20 bps on an organic basis — Comparable gross profit margin improved 60bps to 36.7%; recovery in Emerging segment — Comparable opex excl. DME! improved 50bps; cycled the impact of forei
Slide 14: Established markets
H1 Financial Review Established markets Volume resilience in mixed consumer environment * Volume up 0.1%, with return to growth in Q2 — improved volumes in Italy, with a return to growth in Q2 ¢ Revenue per unit case up 2.4%, driven by — targeted pricing initiatives — positive category and package m
Slide 15: Developing markets
H1 Financial Review Developing markets Revenue growth across markets ¢ Volume flat, Q2 returned to growth — high-single digit volume growth in Czech on tough comparatives * Revenue per unit case up 6.4%, driven by — targeted pricing initiatives — positive category and package mix: 340 bps improvemen
Slide 16: Emerging markets
H1 Financial Review Emerging markets Successfully navigating dynamic environments ° Volume up 4.1% — strong performance in Nigeria and Egypt ° Revenue per unit case up 12.7%, driven by — pricing taken in the last twelve months, managing currency devaluation and cost inflation — positive category mix
Slide 17: Continued EPS expansion and FCF generation
H1 Financial Review Continued EPS expansion and FCF generation ¢ Strong EPS growth — net finance costs down €45.1m to €1.3m, driven by lower FX losses and higher finance income — comparable tax rate of 27%, in line with guidance * Capex increased €76.0m and was 5.0% of revenue due to planned phasing
Slide 18: Winning in a mixed market environment
H12025 Strategic Review Winning in a mixed market environment ¢ Strong performance at the Group level despite mixed trends across our diverse 29 markets * Tailored, local approach while aligning with Group strategy and leveraging global scale ¢ Unique 24/7 portfolio allows us to offer choice to cons
Slide 19: Outlook
Outlook * We expect to deliver another good performance in 2025 ane * Now expecting to deliver at the top end of our guided ranges: — Organic revenue growth of 6% to 8% — Organic EBIT growth of 7% to 11% RONNIE CNTY Coca-Cola ~ HBC A “Jag Coca-Cola HBC H1 2025 Results =, SS
Slide 20: Consistent execution driving strong performance
H1 2025 Strategic Review H1 Financial Review Consistent execution driving strong performance 01 High quality organic revenue growth of 9.9%, with volume growth of 2.6% 02. Strong EBIT and EPS performance while navigating dynamic markets 03 Continued investment in our strategic priorities allowing us
Slide 21: Q&A