Kofola Ceskoslovensko As · PSECZ:KOFOL
Kofola Ceskoslovensko As — 9M 2025 Earnings Presentation
59 slides from Kofola Ceskoslovensko As's earnings presentation, Nov 25, 2025
Slide 1: Kofola Group Investor Presentation
25 NOVEMBER 2025 KOFOLA GROUP INVESTOR PRESENTATION
Slide 2: Kofola Group
KOFOLA GROUP Is today one of the most important beverage producers in Central and Eastern Europe. CZK 8.17 bn Revenue 9M 2025 CZK 1.40 bn EBITDA 9M 2025 3,300+ Employees 14 Production plants Ww g Headquarters @) Production plants
Slide 3: Our roots are in Czechoslovakia
OUR ROOTS ARE IN CZECHOSLOVAKIA . Production plants @ Offices Mnichovo Hradisté B. Ondragovka ‘ + - - & S Moravsky Beroun ® Agricultural sites Straz “6. Hanugovice nN Krnov KORUNNi Frehal a Slatifiany mg @ ae Ostrava Libina fe] or ° . w a Jailovice cg Piss @ Novy jiéin Plzen Pierov mig, -@- Rajecka
Slide 4: The Group's long-term ambition is to be the market leader
THE GROUPS LONG-TERM AMBITION IS TO BE THE MARKET LEADER a, oO ® w wo Ea - CZECHIA SLOWAKIA SLOWENIA CROATIA Vv VY VY ¥ 2 1 2 Soft drinks market position
Slide 5: Our beverage portfolio covers all categories
OUR BEWERAGE PORTFOLIO COVERS ALL CATEGORIES Distributed and license brands wt Q @ Category Most important own brands Carbonated Beverages AAd a Waters eVian _ VINCENTKA Syrups Fresh & Salad Bars Beers & Ciders Other 2
Slide 6: Long-term development
LONG-TERM DEWELOPMENT Revenue* (CZKm) = Excl. acquisitions 6172 8,636 £ 2 OM & & Grey chart represents an acquisition effect between two subsequent periods. “Adjusted for one-offs. ** Difference relates to negative EBITDA of companies acquired in 2025. EBITDA* (czKm) -®-EBITDA margin 16.7% 17.0% te7
Slide 7: Highlights
HIGHLIGHTS @ IMITOUNNA " EDICE | Ss PRICHUTI Panel Kofola is investing in its own coffee business and is preparing its own coffee roasting plant in StraZnice, South Moravia. The goal is to create a fully integrated coffee channel that will include both the sale of green coffee for small roasters and
Slide 8: Our Sustainability report is part of the Annual report
Our Sustainability report is a part of the Annual report, which is available at our website.
Slide 9: Our mission
~S OUR MISSION If you love nature and the people around you, there’s nothing to worry about. You’ll always find a way.
Slide 10: Protection of water sources and sustainability principles
0” La SOS Protection of i ~taa 0% water sources We believe in Local materials Waste utilization Smart packaging solution y=: friendly production processes Ag A
Slide 11: We strive to preserve water resources for future generations
= He WWESTRIVETOPRESERVEWATER. =~ RESOURCES FOR FUTURE GENERATIONS 54 ¥ = $a® ; é ts ee & In Rajecka Lesna and around OndraSov, : : together with local authorities and farmers, we are creating BIO certified sites. We take ? ies care of nature wherever we are at home. 4) SS In Slovakia, we establishe
Slide 12: Quality ingredients: we learn to grow ourselves
QUALITY INGREDIENTS, WHICH WE Ve WE LOOK FOR DIRECT SOURCES OF LEARN T0 GROW OURSELWES WW We grow our own herbs We’re breaking into apple In 2023, we acquired a share and use them in our drinks. growing. We planted in the coffee plantations in We prefer local ingredients a special variety for Colomb
Slide 13: Modern technologies that ensure quality and healthiness
MODERN TECHNOLOGIES THAT Ve BEWERAGES ARE PRODUCED USING ENSURE uUALITY AND HEALTHINESS Thanks to High Pressure Pascalization, UGO juices do not lose their colour, taste or vitamins and last The filling of beverages on the aseptic line takes place in a sterile environment. As aresult, no preservativ
Slide 14: Reduce-reuse-recycle approach to packaging
WE TAKE A REDUCE-REUSE-RECYCLE APPROACH TO PACKAGING REDUCE We don’t pack We lighten Y 75 million draft PET wachaci pints at all. packaging. REUSE We prefer 43%.) Weuse returnable 1g reusable 3 ‘a 0) bottles and porcelain () packaging. ‘sa e-4)) tableware in HoReCa. POVRATNA tZ) (bos! RECYCLE Thanks
Slide 15: Waste is not the end for us, but often the beginning
er WASTE IS NOT THE END FOR US, (> BUT OFTEN THE BEGINNING The best waste is the waste Together with Biopekarna We give new life to old that does not happen. We use Zemanka, we can bake parasols. We can make reusable transport packaging healthy biscuits from the practical bags out of them.. as well
Slide 16: Energy and water saving
Energy Water Waste Eko Gardens saving saving products
Slide 17: Vision 2030
VISION 2030 . YQ ways Sustainability Healthy Ce) Support for localities and agriculture products ® 09 o OV0lid = householder Customer’s first choice Independent and happy people
Slide 18: Kofola Group Results
KOFOLA GROUP RESULTS _— Ye
Slide 19: Kofola Group key 9M 2025 financial indicators
KOFOLA GROUP KEY 9M 2025 FINANCIAL INDICATORS” Revenue (CZKm) 8,70 (3.6%) 8,476 9M25 9M24 EBITDA (CZKm) (11.8%) 1,589 1,401 9Me25 9Me4 ‘Adjusted for one-off /ENDING s.t0.(49%) acquited in Jan 2024 w re consolidated using equity method. For that p Revenue per main business segments (CZKm)** (10.0%) m
Slide 20: Kofola Group key 3Q 2025 financial indicators
KOFOLA GROUP KEY 3Q 2025 FINANCIAL INDICATORS” Revenue (CZKm) Revenue per main business segments (CZKm)** m3Q2e5 ™3Q24 (7.5%) 3.357 (10.2%) Q Q 3,106 ” 2,014 1,809 0 — (10.3%) 17.5% 547 430 479 320 273 3Q25 3Q24 CzechoSlovakia Adriatic Beers & Ciders Fresh & Herbs EBITDA (czkm) EBITDA per main busin
Slide 21: Revenue by product line
REWENUE BY PRODUCT LINE Revenue QTD (czKm) (8.1%), 5 m3Q25 ™3Q24 1092 1188 (1.8%) Q: fe} 885 1,003 (10.9%) 18.1% 40.1% (21.2%) 116 427 479 148 Carbonated beverages Waters Non-Carbonated Syrups Beers & Ciders Fresh&Salad bars Other beverages Revenue by product line YTD (czkm) (6.0%) 2,934 4%) moM25 m
Slide 22: Revenue by countries
REWENUE BY COUNTRIES Revenue QTD by countries (czkm) (7.6%) 1,725 1,866 m3Q25 §3Q24 kg Czech Republic Slovakia Scroatia w Poland @WSlovenia Other Revenue YTD by countries (czKm) 4,780" 4,790 m9Me25 #9M24 (12.7%) 1,655 1,896 > (4.3%) 4.2% 803 839 (11.8%) 239 e7i ww Czech Republic Slovakia croatia w P
Slide 23: Key messages
KEY MESSAGES" mes TT ¢ Group‘s revenue decreased by 305 CZKm (3.6%). ¢ Group‘s EBITDA lower by 188 CZKm (11.8%). ¢ Volumes lower by 14.1% (CS and Adriatic segment) and lower by 12.6% (Beers & Ciders). COSTS DEVELOPMENT ¢ All major costs developed according to expected trends. * Based on results adju
Slide 24: Business segments
Slide 25: Our business consists of four main segments
OUR BUSINESS CONSISTS OF FOUR MAIN SEGMENTS CzechoSlovakia Fresh & Herbs Beers & Ciders Duos wredasts 2 @
Slide 26: Revenue QTD | CzechoSlovakia
REVENUE QTD | CZECHOSLOVAKIA Revenue by packaging formats* (czkm) Sales in litres ("000) mAthome S&Onthego sOnpremise 1,987 aN CZECHIA 83Q25 3Q24 Change 1,743 On premise \ 8,913 9,999 (10.9%) Pp ; On the go \ 17,978 19,205 (6.4%) At home “\ 91,551 101,942 (10.2%) Total \ 118,442 131,146 (9.7% On pre
Slide 27: Revenue YTD | CzechoSlovakia
CzechoSk REVENUE YTD | CZECHOSLOWAKIA Revenue by packaging formats* (czkm) Sales in litres ("000) mAthome S&Onthego sOnpremise CZECHIA 9M25 9M24 Change 5,156 4,578 On premise N 21,991 23,871 (7.9%) On the go ‘ 48,873 50,991 (4.2%) At home “\ 251,608 267,063 (5.8%) On premise \ 21,297 23,207 (8.2%) O
Slide 28: Revenue and EBITDA | CzechoSlovakia
REVENUE AND EBITDA| CZECHOSLOVAKIA @ Adjusted EBITDA (czkKm) Long-term view | Adjusted EBITDA (czkm) EBITDA» EBITDA margin CoRevenue mmEBITDA -®-EBITDA margin 19.6% » 5 9 9 17.0% 16.6% 23.7% 21.6% 17.5% 18.0% -——__16.5% 15.1% a : ‘ . 4 6,848 a. 6,209 6,323 5,641 4,796 429 435 940 875 938 1,165 1,048
Slide 29: Revenue QTD | Adriatic
REWENUE QTD | ADRIATIC Revenue by packaging formats* (czkm) Sales in litres (‘000) mAthome mOnthego #On premise 523 On premise \ 5,559 5,823 (4.5%) On the go \ 5,483 6,255 (12.3%) At home \ 18,764 21,648 (13.3%) Total \ 29,806 33,726 (11.6%, On premise \ 4,635 5,056 (8.3%) On the go 7 2,797 2,746 1.
Slide 30: Revenue YTD | Adriatic
REWENUE YTD | ADRIATIC Revenue by packaging formats* (czkm) Sales in litres (‘000) mAthome mOnthego #On premise SLOVENIA 9Me5 9Me24 Change 1,297 1336 On premise — 14,899 14,896 0.0% On the go \ 14417 14,572 (8.1%) At home \ 51,943 53,635 (3.2%) Total \ 80,959 83,103 (2.6% On premise N 8,514 8,763 (2
Slide 31: Revenue and EBITDA | Adriatic
REWENUE AND EBITDA | ADRIATIC Ss Adjusted EBITDA (czkKm) Long-term view | Adjusted EBITDA (czkm) CoRevenue mm EBITDA -®-EBITDA margin mEBITDA ¢ EBITDA margin 9 14.4% 9 15.9% 15.0% “ee 12.9% 13.5% —e— o— o— ° 32.1% 5 _ : 26.9 % 3K4% 21.0% 1,681 1,663 . . 1,410 1,513 2739 1,232 176 Ge 177 182 205 268
Slide 32: Fresh & Herbs: salad bars and fresh bars
CS Adriatic F&H B&C 24 Salad bars 35 Fresh bars
Slide 33: Fresh & Herbs | Leros and Premium Rosa
FRESH & HERBS* | LEROS AND PREMIUM ROSA Revenue (czKm) Toreyny Kstoup onnchw tél m= Premium Rosa = Leros (( PREMIUM Ri ) Producer of premium natural products such as syrups, juices and jams. Certified producer of medical-grade herbal teas with history dating back to 1954. Owner of the Trepallini and
Slide 34: Fresh & Herbs revenue and EBITDA
CzechoSlovakia Adriatic Fresh & Herbs Beers & Ciders Adjusted EBITDA (czkm) Long-term view | Adjusted EBITDA (czKkm) SEBITDA e@EBITDA margin 13.0% CoRevenue @BEBITDA -®- EBITDA margin 10.3% 101% © 8.9% 5 5 11.4% 12.4% 10.3% 6.5% _—o- -o— ~e 106 e 95 18% a 1,287 1,157 968 824 609 29 28 144 3Q25 3Q24
Slide 35: Performance QTD | Beers & Ciders
PERFORMANCE QTD* | BEERS & CIDERS BEC Revenue by packaging formats (czkm) Sales in litres (‘000) m= CZ brand # Export m Other Breweries 3Q25 3Q24 Change a7 CZ Brand \ 14,410 15,710 (8.27%) Export \ 6,750 9,360 (27.9%) 420 Other 7 600 320 87.5% Total \ 21,760 25,390 (14.3%) Adjusted EBITDA (czkm) @EB
Slide 36: Performance YTD | Beers & Ciders
PERFORMANCE YTD* | BEERS & CIDERS Bec Revenue by packaging formats (czkm)** Sales in litres (‘000) = CZ brand = Export ™ Other Breweries 9M25 9M24 Change CZ Brand \ 38,460 42,060 (8.6%) 1,154 Export \ 19,950 26,570 (24.9%) 37 Other 7 2140 660 224.2% Total ‘\ 60,550 69,290 (12.6%) Adjusted EBITDA (cz
Slide 37: Consolidated financial performance indicators
—<S 2 oO ~~ .° © . ; CONSOLIDATED FINANCIAL PERFORMANCE INDICATORS (- rw ar
Slide 38: Selected financial performance indicators
SELECTED FINANCIAL PERFORMANCE INDICATORS Net debt (czKm) Net debt / LTM adjusted EBITDA Gross and net debt calculation (czKkm) © Net debt / LTM adjusted EBITDA 9-25 31-12-24 Cap L/T bank loans 4,483.6 3,692.1 4,081.9 598 nen Long-term goal L/T lease liabilities 358.3 299.4 267.6 S/T bank loans 1,00
Slide 39: M&A
Slide 40: M&A strategy | Where we invest?
M&A STRATEGY | WHERE WE INVEST? Authentic healthy raw materials Extension of our portfolio Mineral water A cm eds KORUNA od Strong love brands q \ Synergies with current business | Geographic expansion European countries up to 10 million inhabitants No. lore
Slide 41: Goals
Slide 42: EBITDA goal 2025 - bridge
EBITDA GOAL 2025 - BRIDGE a Bublished ESTES ZK 1.86 bn Rounded to one decimal point CZK 1.9 bn goal 2025 Czech market CZK (0.05) bn Even the promising end of August and the first part of September was outweighed by persistently weak consumer sentiment. Beer export CZK (0.02) bn Ongoing downturn amon
Slide 43: Goals
9 GOALS 0 . EBITDA CZK 1.75 bn Revenue development (4%) Max CAPEX (% of EBITDA) 60% Dividend per share paid out in 2025 ei CZK* Net debt / EBITDA 3.0 Ad Wi * Advance dividend payment for year 2024 in amount of CZK 7.50 per share before tax was paid out already in October 2024. 43
Slide 44: Revenue development
— REWENUE DEVELOPMENT Period October 2025 vs October 2024 - Value October 2025 vs October 2024 - Volume 44
Slide 45: More about Kofola
MORE ABOUT KOFOLA
Slide 46: Our work is also appreciated by our surroundings
OUR WORK IS ALSO APPRECIATED BY OUR SURROUNDINGS LEMUR PR LEMUR Awards Kofola received the highest award, GRAND PRIX Golden Lemur, for its flood communication campaign "Let’s Bring the Barrels Home" and the #zlasky project for localities, as well as ist place in the Crisis Communication category. wy
Slide 47: We maintain a family spirit
WE MAINTAIN A FAMILY SPIRIT EWEN THOUGH WWE HAVE ACTIVITIES IN 6 COUNTRIES ON 2 CONTINENTS Slovenia “™ ! I Croatia es « I 4 Colombia
Slide 48: We are not afraid to enter new segments and learn new things
WE ARE NOT AFRAID TO ENTER NEIN SEGMENTS AND LEARN NEI THINGS 1990 2000 2010 2020
Slide 49: We seek and utilize opportunities around us
WE SEEK AND UTILIZE OPPORTUNITIES AROUND US Overview of key acquisitions 2000 2010 2020 EAL © kofola’ Ea © ° (2020 ew | 2014 | mangaloE p©& General RS Plastic [201s | a [2023 | Apple plantations Coffee plantations Eo SED G | 2017 | e rn @ .°. (PS) semtex ee Nines
Slide 50: What we have achieved in the last three years
WHAT WWE HAWE ACHIEVED IN THE LAST THREE YEARS We introduced the Cirkulka returnable bottle system. (ry, <. Through acquisitions, we entered two new segments - brewing and beverage vending machines. After herbs, we also learn to grow apples and coffee. We started We became co-owners developing of co
Slide 51: Stable ownership structure allows us to focus on development
STABLE OWNERSHIP STRUCTURE ALLOWS US TO FOCUS ON THE Wh oeeonec DEVELOPMENT OF THE GROUP | 672% Fo Free float (others) lares at Prague Stocl Radenska D, 4.98% d.o.o. Free float 103% (key management persons - excl. Lykos alfa owners) Currently 0.2 million shares at Prague Stock Exchange. Majority sha
Slide 52: Shares owned by key management persons
SHARES OWNED BY KEY MANAGEMENT PERSONS Development in years by type of transaction Increase Decrease 26,844 229,139 19,064 3,861 — 22,321 — = 9,109 12,235 15,059 | , 18,709 || + Entitlement from Option scheme. 52
Slide 53: Appendix
Slide 54: Results of Kofola Group | 9M 2025
RESULTS OF KOFOLA GROUP | 9M 2025 Revenue 8,170.3 - 8,170.3 Cost of sales (4,256.8) - (4,256.8) Gross profit 3,913.5 - 3,913.5 Selling, marketing and distribution costs (2,531.5) - (2,531.5) Administrative costs (626.6) - (626.6) Other operating income/(costs), net (12.9) 19.8 6.9 Operating profit/(
Slide 55: Group results comparison 9M
GROUP RESULTS COMPARISON SM 9M24** (czKm) omas fostatea Change Change (%) Revenue 8,170.3 8,475.7 (305.4) (3.6%) Cost of sales (4,256.8) (4,513.9) 257.1 (8.7%) Gross profit 3,913.5 3,961.8 (48.3) (1.2%) Selling, marketing and distribution costs (2,531.5) (2,330.8) (200.7) 8.6% Administrative costs (
Slide 56: Group results comparison 3Q
GROUP RESULTS COMPARISON 30° (CZKm) sqzs Saar" TCs Comments Revenue 3,105.7 3,357.1 (251.4) (7.5%) © Thesold volume decreased by 21% in CS and Adriatic segment. At home formats were Cost of sales (1,488.3) (1,727.2) 238.9 (13.8%) impacted the most. Beers & Ciders segment Gross profit 1,617.4 1,629.9
Slide 57: Consolidated income statement
CONSOLIDATED INCOME STATEMENT* 9M24* (CZKm) 9Me2e5 2024** 2023°* 202e°* e202i** 2020** restated Revenue 8,170.3 8,475.7 11,082.0 8,690.1 7,875.3 6,636.2 6,171.5 Cost of sales (4,256.8) (4,513.9) (6,037.1) (4,802.7) (4,564.0) (3,710.2) (3,349.5) Gross profit 3,913.5 3,961.8 5,044.9 3,887.4 3,311.3 2,
Slide 58: Contact
CONTACT Should you have any question related to Kofola Group do not hesitate to contact our investor relations office: Jiti Rypar + 420 737 118 957 http://investor.kofola.cz/en Kofola CeskoSlovensko a.s. Nad Porubkou 2278/31a 708 OO Ostrava - Poruba Czech Republic » kofola
Slide 59: Authorization
AUTHORIZATION This presentation has been authorized by the Board of Directors of Kofola CeskoSlovensko a.s. on 25 November 2025. This presentation (“the Presentation”) has been prepared by Kofola EeskoSlovensko a.s. (“the Company”). The Company has prepared the Presentation with due care, however ce
Kofola ČeskoSlovensko a.s. — 9M 2025 Earnings Presentation on 6ix