Coca-cola Hbc Ag · LSE:CCH
Coca-cola Hbc — H1 2026 Earnings Presentation
22 slides from Coca-cola Hbc's earnings presentation, Aug 5, 2026
Slide 1: Half Year 2026 Results
Half Year 2026 Results 05 August 2026 1 Coca-Cola HBC HY 2026 Results
Slide 2: H1 2026 Strategic Highlights
H1 2026 Strategic Highlights Zoran Bogdanovic Chief Executive Officer
Slide 3: Strong H1 performance driven by broad-based, volume-led growth
H1 2026 Strategic Highlights H1 2026 Financial Review Strong H1 performance driven by broad-based, volume-led growth Organic revenue Organic revenue growth growth High-quality top line growth, led by Sparkling and H1 Q2 Energy, with underlying volume acceleration in Q2 +9.6% +8.0% Organic volume gro
Slide 4: FIFA World Cup activations delivered in partnership with The Coca-Cola Company
H1 2026 Strategic Highlights H1 2026 Financial Review FIFA World CupTM activations delivered in partnership with The Coca-Cola Company Special edition packs Immersive fan experiences Value-added promotions In-market activations Poland Egypt Panini collectible stickers Poland Imagery placeholder: Pow
Slide 5: Sparkling
H1 2026 Strategic Highlights H1 2026 Financial Review Sparkling Driving growth through innovation and focused execution in markets • Trademark Coke up mid-single digits with Coke Zero up mid-teens • Coke Zero Sugar Zero Caffeine grew strong triple-digits; new visual identity launched in 18 markets •
Slide 6: Energy
H1 2026 Strategic Highlights H1 2026 Financial Review Energy Continued strong growth momentum across all three segments • Strong double-digit growth Rossi & Lando Monster activation across all segments • Launched Monster innovations: − Viking Berry − Ultra Fantasy Ruby Red − Zero Sugar flavour with
Slide 7: Coffee, Stills and Premium Spirits
H1 2026 Strategic Highlights H1 2026 Financial Review Coffee, Stills and Premium Spirits Coffee Stills Premium Spirits H1 OOH1 Q2 OOH1 H1 volume Q2 volume H1 volume Q2 volume `+24.5% +12.8% +5.2% +6.1% -1.5% +3.8% • Added >1,300 new out-of-home • Water up high-single digits, driven • Premium Spirits
Slide 8: Winning in the marketplace with our bespoke capabilities
H1 2026 Strategic Highlights H1 2026 Financial Review Winning in the marketplace with our bespoke capabilities • Leveraging our revenue growth management framework to tailor pricing and drive mix improvements Improving single-serve − Rolling out Promo360: integrated promo planning and optimisation p
Slide 9: CCBA acquisition continues to progress in line with plans
H1 2026 Strategic Highlights H1 2026 Financial Review CCBA acquisition continues to progress in line with plans Agreement to acquire Coca-Cola Beverages Africa announced on 21 October 2025 Progressing with regulatory approvals: • Antitrust clearances achieved in 4 out of 6 jurisdictions − Mozambique
Slide 10: We continue to be leaders in sustainability
H1 2026 Strategic Highlights H1 2026 Financial Review We continue to be leaders in sustainability Sustainability leadership Communities Partnerships • Ranked world’s most • Completion of a €4.1 million • International Sustainable Linked sustainable beverage water infrastructure project in Business P
Slide 11: H1 2026 Financial Review
H1 2026 Financial Review Anastasis Stamoulis Chief Financial Officer
Slide 12: Strong financial performance in H1
H1 2026 Strategic Highlights H1 2026 Financial Review Strong financial performance in H1 Organic top line growth Comparable EBIT Revenue growth +9.6% €760.1 million Volume growth Organic growth +7.5% +15.2% Comparable EBIT margin EPS and FCF Earnings per share 12.2% €1.51 Organic margin expansion Fr
Slide 13: Strong execution of strategic priorities drives organic revenue growth
H1 2026 Strategic Highlights H1 2026 Financial Review Strong execution of strategic priorities drives organic revenue growth • Strong revenue growth, up 9.6% • Volume growth of 7.5% in H1 driven by a strong underlying performance − Q2 volume growth of 5.8%, underpinned by strength 11.6% 8.0% 9.6% ac
Slide 14: Strong organic comparable EBIT growth of 15.2%
H1 2026 Strategic Highlights H1 2026 Financial Review Strong organic comparable EBIT growth of 15.2% • Comparable EBIT growth of 17.0% to €760.1m Comparable Organic • Comparable EBIT margin up 60 bps to 12.2%, EBIT margin EBIT growth on a reported and organic basis − comparable gross profit margin +
Slide 15: Established markets
H1 2026 Strategic Highlights H1 2026 Financial Review Established markets Good underlying volume growth across markets • Volumes up 4.8%, with an underlying acceleration in Revenue Price / mix Volume Q2 to 3.4% − ongoing momentum in Coke Zero, Coke Zero Sugar +6.2% +1.3% +4.8% Zero Caffeine and Spri
Slide 16: Developing markets
H1 2026 Strategic Highlights H1 2026 Financial Review Developing markets Solid volume and revenue performance • Volume up 5.3%, with 3.7% growth in Q2 Revenue Price / mix Volume − Sparkling up mid-single digits, driven by Trademark Coke and Sprite +9.0% +3.5% +5.3% − Energy grew strong double-digits
Slide 17: Emerging markets
H1 2026 Strategic Highlights H1 2026 Financial Review Emerging markets Continued strong revenue and EBIT growth • Volume up 9.0%, with 7.2% growth in Q2 Revenue Price / mix Volume − Sparkling up high-single digits, with strong double-digit growth in Coke Zero and high-single digit growth in Flavours
Slide 18: Strong EPS growth and continued investment in future growth
H1 2026 Strategic Highlights H1 2026 Financial Review Strong EPS growth and continued investment in future growth • Strong EPS growth, supported by strong EBIT delivery, only partly offset by EPS CAPEX higher finance costs year-on-year +15.2% +€100m • Increase in capex of €100m to Comparable net pro
Slide 19: Upgrading 2026 guidance
H1 2026 Strategic Highlights H1 2026 Financial Review Upgrading 2026 guidance • Strong first half underpins 2026 guidance update • Now expect to deliver: − Organic revenue growth around the top end of our 6% to 7% range − Organic EBIT growth in the range of 8% to 10% Updated technical guidance Net f
Slide 20: Strong H1 performance driven by broad-based, volume-led growth
H1 2026 Strategic Highlights H1 2026 Financial Review Strong H1 performance driven by broad-based, volume-led growth High-quality top line growth, led by Sparkling and Energy, with underlying volume acceleration in Q2 Strong EBIT and EPS delivery Continued investment in our leading 24/7 portfolio, b
Slide 21: Q&A
Q&A
Slide 22: Forward-looking statement
Forward-looking statement This document contains forward-looking statements that involve risks and uncertainties. These statements may generally, but not always, be identified by the use of words such as ‘believe’, ‘outlook’, ‘guidance’, ‘intend’, ‘expect’, ‘anticipate’, ‘plan’, ‘target’ and similar