Coca-cola Europacific Partners Plc · NASDAQ:CCEP
Coca-cola Europacific Partners — FY2025 Earnings Presentation
35 slides from Coca-cola Europacific Partners's earnings presentation, Feb 17, 2026
Slide 1: Winning today, creating tomorrow: Full Year 2025 Results
Winning today Creating tomorrow Full Year 2025 Preliminary Unaudited Results 17 February 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 ~€4bn ~€4bn4 ~90% mindset leading retail €350-400m cash returns2 TSR2,5 value creator2,3 by 2028 Sustained NARTD6 Investing Inclusive top & bottom-line leadership & value more than & enga
Slide 4: FY25: Key messages
FY25: Key messages Leading value creator in FMCG across innovative & growing categories Strong performance - top & bottom-line growth Greater productivity efficiencies supporting resilient profit growth Strong cash generation supporting record investment & growing shareholder returns Laid the founda
Slide 5: FY25: Key metrics
FY25: Key metrics Robust top-line7 NARTD6 Value share gains11 Winning with customers Volume8 Revenue/UC9 Revenue9 NARTD Category CCEP +20bps Maintaining #1 in global #1 Retail Value Growth high customer Advantage value Europe APS service levels creator +0.2% +2.9% +2.8% Group customer +6% -10bps +90
Slide 6: Great people
Great Great people people “join for Continue to be recognised as a great place to “jointhe forbrands, the work & ‘Top Employer’ brands,staystayfor the people” for the people” Building out integrated shared services (ISS) capabilities by opening new centre in Manila Accelerating performance by growin
Slide 7: Great brands
Great Great Innovative campaigns across the calendar Continued focus on flavours driven by Zeros Fuelling growth with Monster brands people supporting “join forvolume the brands, growth stay for the people” Well executed transition Expanding ARTD14 portfolio; Accelerating in #1 RTD12 tea brand trans
Slide 8: Great execution
Great Great MORE PEOPLE MORE OFTEN execution Maximise traditional, retail & social media people every day Visibility in key e-commerce areas “join for the activation brands, stay Occasion for the people” activation €2.5b MyCCEP meal customer portal revenue deals MORE VOLUME MORE VALUE Drive impulse
Slide 9: Done sustainably
Done Great sustainably people Continued recognition as an industry leader in sustainability “join for the brands, stay for the people” Making good progress with packaging collection across our markets CCEP Ventures investing in sustainability solutions to drive decarbonisation CO2 reduction of 11.3%
Slide 10: FY25: Financial summary
FY25: Financial summary7 Revenue COGS/UC Opex % of revenue Operating Profit €20.9bn €3.4617 22.1%17 €2.8bn +7.1%9 +2.8%9 +2.7%9 Improved 40bps Margin 13.4%9 +53bps EPS Comparable FCF Comparable ROIC Capital Returns € € €4.1116 11.5% Dividend per share €1.8bn €2.0419 +6.2%17 up 70bps8 Share buyback €
Slide 11: Market Spotlight: Great Britain
Market Spotlight: Customer wins & partnership Investment drives Great Britain with English Premier League improved performance Growing share in Fastest growing Great year for largest fast expanding category SSD20 brand in Europe market (~16% of revenue) Volumes +LSD% growing in Home & AFH Revenue +6
Slide 12: Market Spotlight: Australia
Market Spotlight: Solid underlying momentum Continued growth of Ultra Australia driven by SSD20 & coffee supported by new flavours Increased value share Exited Suntory; new ARTD14 5th year of growth, in sparkling, energy & sports brands driving growth strongest in 15 years22 Volume +LSD% SSD20 +20bp
Slide 13: Consistent efficiency savings driving lower opex % of revenue
7,17 Consistent efficiency savings driving lower opex % of revenue Enabled by digital tools, data & analytics +290bps Opex % of revenue 25.0% Harmonising Optimising 23.6% 23.0% 22.5% 22.1% & standardising network best practice to to serve 2021 2022 2023 2024 2025 simplify our customers in most busin
Slide 14: Strong free cashflow supporting investment & strong balance sheet
7 Strong free cashflow supporting investment & strong balance sheet Consistent cash conversion following further working capital improvements €m Growth & productivity focused investment in supply chain, coolers & 3,700 digital Comparable ROIC7 +70bps8 to 11.5% 1,836 Net debt: EBITDA7 2.7x Weighted a
Slide 15: Consistent & disciplined focus on capital allocation
Consistent & disciplined focus on capital allocation Further share buyback programme: €1bn over the coming year FY26 Growth & productivity Capex ~5% focused investment of revenue24 Sustainable cash generation supporting strong & flexible Optionality for acquisitions Alert to balance sheet strong tra
Slide 16: Winning today, creating tomorrow
Winning today, creating tomorrow Building off a great track record Well positioned with clear category growth opportunities Scaling across multiple key capabilities Accelerating productivity through tech to drive growth Multi-year investment plans in place Delivering continued shareholder value 16
Slide 17: Operating in growing markets across diverse channels
Operating in growing markets across diverse channels NARTD6 Institutions 1% ARTD14 Other Leisure 4% 9% €170bn 26 CAGR 3-4% QSR 6% Hypers/Supers €9bn CAGR HSD 34% 2025-28 26 NARTD6 2024 2024 channel value mix across Home 2025-28 HoReCa 16% & AFH 27 2024 Europe AP SEA Convenience Discounters 9% 10% CA
Slide 18: Total beverage portfolio
Total beverage portfolio... …addressing all drinking occasions & always with a Zero option 18
Slide 19: Best-in-class RMGM supports profitable volume & customer value creation
29 Best-in-class RMGM supports profitable volume & customer value creation Balancing affordability & premiumisation across a broad pack offering PACK ASSORTMENT EXTRA FILL & VALUE PACKS INCENTIVES PREMIUMISATION VALUE MEAL COMBOS 19
Slide 20: Bolder moves on Coke
World Cup Bolder & English Premier League moves activation on Coke Continue to reinvigorate Driving Diet Coke category volume 500ml launch focused on Flavour Gen Z innovation & more Zero caffeine Reinforcing meal at home 20 occasions
Slide 21: Fanta, Sprite & Sports
Fanta Sprite & Sports Leveraging passion points Occasion Super- based activation with Sprite Chill & new packaging charging with new growth RAINBOW flavours FIFA activation & limited editions with expanded BodyArmor pack formats Lyte launch in Fanta & Xbox Spain & New supports Gen Z Zealand relevanc
Slide 22: Energy
Energy Exciting pipeline of flavour Driving innovation & new growth in a marketing assets transforming category with Monster More coolers for every space Focused strategies for Home & AFH 22
Slide 23: Stronger portfolio
Stronger #1 Frestea relaunch portfolio RTD12 Tea brand in Indonesia with new flavours & identity: Blackcurrant #1 flavour Evolving RTD Tea & ARTD14 Strong execution on transition to Fuze Tea in Iberia Suntory distribution in Australia ended Jun 25 & NZ Dec 25 FY26 impact: ~0.5% of group revenue Scal
Slide 24: Indonesia: unlocking the long-term opportunity
Indonesia: unlocking the long-term opportunity Challenging year driven by external market impacts Unlocking the long-term opportunity FY25 volumes Zero growth Driving down 13% (in line with Solid innovation supported by Coke efficiency & & brand plans 6 NARTD excl. water); Vanilla launch scalability
Slide 25: Indonesia: transformation of RTM complete through a distributor partnership model
30 Indonesia: transformation of RTM complete through a distributor partnership model More agile & cost-effective designed to unlock top-line growth ~180 Expanding distributors More ‘feet on product availability More Encouraging leveraging regional the street’ & wider via ~300 efficient cost post go
Slide 26: Philippines: another year of great delivery
Philippines: another year of great delivery Roadmap for margin expansion supported by step up in investment Great performance Solid innovation Investing in highly attractive & brand plans behind an & growing market in place exciting future ~3%9 revenue growth Led by CokeTM Capex plans reflect despit
Slide 27: Accelerating digital & AI capabilities across the business
Accelerating digital & AI capabilities Customer Insights Customer Contact Price & Promo across the business Predictive actionable ‘Sales Force of the Future’ Price modelling & smarter insights at scale to with smart contact segmentation improve support growth management promotional ROI Operations Pl
Slide 28: Mid-term objectives
Mid-term objectives7 Comparable Revenue Operating free cash flow31 growth17 profit growth17 at least ~4% ~7% €1.7bn p.a. Net Debt: Capex Comparable ROIC Dividend comparable EBITDA up~50bps p.a. ~4-5% payout ratio25 2.5x – 3.0x of revenue 24 ~50% 28
Slide 29: FY26: Guidance
FY26: Guidance7,32,33 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 revenue24 Comparable free cash flow: at least €1.7bn Dividend payout ratio: ~50%25 Share buyb
Slide 30: FY26: Outlook
FY26: Outlook Fantastic total beverages portfolio for growth in vibrant categories Strong & supportive customer relationships as the #1 value creator More innovation in the pipeline than ever before, especially on Zeros Remaining focused on value & affordability, especially in Europe Record year of
Slide 31: Q&A
Q&A Q&A 31
Slide 32: Upcoming events and further information
Investor relations contacts Sarah Willett Upcoming events Vice President sarah.willett@ccep.com 13 March 2026: Annual Report & Form 20F published Matt Sharff Director msharff@ccep.com 28 April 2026: Q1 2026 Trading Update Samina Khan Associate Director skhan@ccep.com Further information Website: www
Slide 33: FY25 Footnotes
FY25 Footnotes 1. The CocaCola Company 2. The past three years (2023-2025) 3. Nielsen Sales data (Europe, NZ, PH & IND), Gallup (IS), IRI Data (AUS) 4. Includes 2025 FY dividend and share buyback up to 31/12/2025 5. Total Shareholder Return (share price appreciation CCEP US + dividends) (05/02/23-05
Slide 34: Appendix
APPENDIX 34
Slide 35: Cost of sales breakdown
Cost of sales breakdown35,36 15% MANUFACTURING & D&A 10% TAXES COMMODITIES 25% 50% CONCENTRATE & FINISHED GOODS 35
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