Coca-cola Europacific Partners Plc · NASDAQ:CCEP
Coca-cola Europacific Partners — Non-Deal Roadshow (February 2026)
37 slides from Coca-cola Europacific Partners's roadshow presentation, February 2026
Slide 1: Investor Relations NDR Feb 2026
Investor Relations NDR Feb 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: Who we are
Who we are
Slide 4: Make, move and sell the world's most loved drinks
WE Make, move and sell the world’s most loved drinks. THROUGH Great brands. Great people. Great execution. Done sustainably. TO Refresh our consumers and customers. Make a difference. BY Focused on customers and frontline Listening and caring Passion for growth Empowered to win together Execute with
Slide 5: CCEP key facts: countries, sites, colleagues, revenue, market cap
31 Countries 90Sites 41,000 600m Colleagues €21bnRevenue1 Consumers1 >$48bn >4m 4bn Market cap2 Customers Volume (unit cases)1
Slide 6: Proven track record of value creation
Proven track record of value creation MAY 2016 MAY 2021 FEB 2024 Merger & formation Acquisition of Joint acquisition of Coca-Cola of CCEP Coca-Cola Amatil Beverages Philippines with Aboitiz Equity Ventures Inc. 13 countries 30 countries 31 countries 54 manufacturing sites 81 manufacturing sites 90 m
Slide 7: Strong, trusted & aligned relationship with TCCC
Strong, trusted & aligned relationship with TCCC Strong Alignment Product bottling Shared vision to drive Trademark owners value growth Sales & distribution Concentrate supply Aligned financial plans & incentives Customer management Brand & portfolio Joint investment mindset development In outlet ex
Slide 8: Operating in growing markets across diverse channels
Operating in growing markets across diverse channels NARTD7 Institutions 1% ARTD8 Other Leisure 4% 9% €170bn 6 CAGR 3-4% QSR 6% Hypers/Supers €9bn CAGR HSD 34% 2025-28 6 NARTD 2024 2024 channel value mix across Home 2025-28 HoReCa 16% & AFH 27 2024 Europe AP SEA Convenience Discounters 9% 10% CAGR 2
Slide 9: Total beverage portfolio addressing all drinking occasions
Total beverage portfolio... …addressing all drinking occasions & always with a Zero option 9
Slide 10: Drivers of growth
Drivers of growth Unbeatable consumer Matched Brought to market & customer insights by the world's best with the largest sales we know where to play brand & innovation force & superior & how to win portfolio WCKAM34 Accelerated value All done sustainably creation & category This is Forward growth wi
Slide 11: 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 11 1
Slide 12: Executing our value creation strategy
Executing our value creation strategy Supported by strong alignment with TCCC35 & our brand partners Productivity ~€4bn ~€4bn12 ~90% mindset leading retail €350-400m cash returns10 TSR13,14 value creator10,11 by 2028 Sustained NARTD7 Investing Inclusive top & bottom-line leadership & value more than
Slide 13: Mid-term objectives
Mid-term objectives24 Comparable Revenue Operating free cash flow16 growth15 profit growth15 at least ~4% ~7% €1.7bn p.a. Net Debt: Capex Comparable ROIC Dividend comparable EBITDA up~50bps p.a. ~4-5% payout ratio17 2.5x – 3.0x 18 of revenue ~50% 13
Slide 14: 2025 Results
2025 Results 14
Slide 15: FY25: Financial summary
FY25: Financial summary24 Revenue COGS/UC Opex % of revenue Operating Profit €20.9bn €3.4615 22.1%15 €2.8bn +7.1%19 +2.8%19 +2.7%19 Improved 40bps Margin 13.4%19 +53bps EPS Comparable FCF Comparable ROIC Capital Returns € € €4.1120 11.5% Dividend per share €1.8bn up 70bps21 €2.0422 +6.2%15 Share buy
Slide 16: FY25: Key metrics
FY25: Key metrics Robust top-line24 NARTD7 Value share gains25 Winning with customers Volume21 Revenue/UC19 Revenue19 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
Slide 17: 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 ARTD8 portfolio; Accelerating in #1 RTD28 tea brand transi
Slide 18: 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 19: 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 20: Consistent efficiency savings driving lower opex % of revenue
24,15 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 busi
Slide 21: 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 22: Looking forward
Looking forward
Slide 23: 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 23 occasions
Slide 24: 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 25: Energy: functional to mainstream
Energy Functional to mainstream Driving growth in a transforming Consumed Splits evenly category across day for male/female multiple with occasions with 39yrs 49 Monster ave.age 51 % % Strong innovation pipeline Category Energy category value (€bn) 18.7 expected to more than 12.9 double by 8.4 2030
Slide 26: Stronger portfolio
Stronger #1 Frestea relaunch portfolio RTD28 Tea brand in Indonesia with new flavours & identity: Blackcurrant #1 flavour Evolving RTD Tea & ARTD8 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 Scali
Slide 27: 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%19 revenue growth Led by CokeTM Capex plans reflect despi
Slide 28: 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 28
Slide 29: 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 30: Strong track record in business transformation & productivity
Strong track record in business transformation & productivity with more to come Embedded in our culture 2016–2019 2020–2023 2023-2028 BEYOND 2028 €330m €375m €350-400m €+++ Merger Optimisation & Scaling & differentiating synergies Amatil integration capabilities & PHP integration Procurement savings
Slide 31: Disciplined returns enhancing approach to capex
Disciplined returns enhancing approach to capex Driving topline growth & enhanced productivity 11.5% 10.8% 10.3% Growth & productivity focused investment 9.1% 1,081 in supply chain, coolers & digital 8.0% 942 7.6% 859 Capex currently ~5% of revenue 745 Consistent increase in ROIC30 targeting 560 ~50
Slide 32: 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 revenue18 Sustainable cash generation supporting strong & flexible Optionality for acquisitions Alert to balance sheet strong tra
Slide 33: 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 34: FY26: Guidance
FY26: Guidance24,31,32 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%17 Share buy
Slide 35: Delivering future shareholder returns
Delivering future shareholder returns 24 Returns underpinned by revenue, profit & cash Growth Revenue ~4% HSD% Operating profit ~7% Efficiency savings & 4-5% 2-3% productivity growth EUROPE AP SEA Cash Free cashflow Debt ROIC Comparable 2.5-3.0x Targeting increase of FCF of 24 net debt / EBITDA ~50b
Slide 36: Upcoming events, 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 Factsheet: w
Slide 37: Footnotes
Footnotes 1. FY 25 2. Feb 26 3. FY16 adjusted comparable and assumes Iberia and Germany from 1 Jan 2016 4. FY21 adjusted comparable and assumes CCA from 1 Jan 2021 5. FY24 adjusted comparable and assumes Philippines from 1 Jan 2024 6. Global Data 7. Non-Alcoholic Ready-To-Drink 8. Alcohol Ready-To-D
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