Kofola Ceskoslovensko As · PSECZ:KOFOL
Kofola Ceskoslovensko As — H1 2026 Earnings Presentation
64 slides from Kofola Ceskoslovensko As's earnings presentation, Sep 3, 2026
Slide 1: Kofola Group Investor Presentation 6M 2026
6M 2026 3 SEPTEMBER 2026 KOFOLA GROUP INUESTOR PRESENTATION
Slide 2: Kofola Group
KOFOLA GROUP Is today one of the most important beverage producers in Central and Eastern Europe. CZK 5.58 bn Revenue 6M 2026 CZK 781.6 m EBITDA 6M 2026 4,000+ Employees 14 Production plants Ww g Headquarters @) Production plants
Slide 3: Our roots are in Czechoslovakia
OUR ROOTS ARE IN CZECHOSLOVAKIA . Production plants Viéi Hora « @ Offices “ Mnichovo Hradisté B. Ondragovka ‘ + - - & waa | Moravsiey Beroun ® Agricultural sites Straz “6. Hanugovice nN Krnov KORUNNI Frehal a Slatifiany mg @ ae Ostrava Libina fe] a satin cg . — * w — LITOVEL CoN itty zen Pierov amig
Slide 4: The Group's long-term ambition
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 BEVERAGE PORTFOLIO COVERS ALL CATEGORIES Distributed and license brands amp d) @ Category Most important own brands Carbonated Beverages @kofola Alinea. @ Waters anc Sadenshe @ & studen wher BAO . a RAJEC. 7" 099 sige STUCEN. CORUNNI ondrdiovka © Po evian Vincent Non-carbonated Beverages supik I
Slide 6: Long-term development
LONG-TERM DEWELOPMENT Revenue* (CZKm) EBITDA* (czkm) =m Excl. acquisitions -e-EBITDA margin 16.7% 17.0% ° 16.7% 16.9% 17.1% 72.1% o— o_o ee 0 0 11,082 8,690 7 12.5% ———, 7,875 9,688) 1,253 18,690 1,030 1,128 1,110 aEEE ‘e) Ds Vv LY Vv v & & & & & Grey chart represents an acquisition effect between t
Slide 7: What's new
WHAT'S NEI The Group also expanded its Boccetta Grande syrup range with four new flavours — raspberry, rosemary, mango and grapefruit — suitable for both non-alcoholic and alcoholic beverages. The syrups are designed for easy preparation of light fruit lemonades and cocktails, and are primarily targ
Slide 8: Sustainability 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: We believe in protection of water sources
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
= Me WESTRIVETOPRESERVEWWATER. 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 established a
Slide 12: We grow our own herbs
We grow our own herbs and use them in our drinks. We prefer local ingredients from proven sources. WE LOOK FOR DIRECT SOURCES OF QUALITY INGREDIENTS, INHICH WE LEARN T0 GROW OURSELWES > We’re breaking into apple growing. We planted a special variety for F. H. Prager ciders. In 2023, we acquired a sh
Slide 13: Beverages are produced using modern technologies
BEWERAGES ARE PRODUCED USING MODERN TECHNOLOGIES THAT ENSURE QUALITY AND HEALTHINESS Thanks to High Pressure Pascalization, UGO juices do not lose their colour, taste or vitamins and last fresh for up to six weeks. D The filling of beverages on the aseptic line takes place in a sterile environment.
Slide 14: Reduce-reuse-recycle approach to packaging
WE TAKE A REDUCE-REUSE-RECYCLE APPROACH TO PACKAGING REDUCE We don’t pack We lighten XQ 75 million draft PET wachaci pints at all. [Pel Sele ileye REUSE We prefer We use returnable 1g reusable bottles and porcelain () packaging. tableware in HoReCa. POVRATNA tZ) (bos! RECYCLE Thanks to deposit retur
Slide 15: Waste is not the end for us
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 a
Slide 16: Energy, water and waste 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 6M 2026 financial indicators
KOFOLA GROUP KEY 6M 2026 FINANCIAL INDICATORS" Revenue (CZKm) Revenue per main business segments (CZKm) 0.2% 5,582 5,065 m6M26 ™6M25 14.5% 3,315 2 896 1.8% (7.0%) 21.6% 826 812 683 734 758 623 ee ee eM26 eMas CzechoSlovakia Adriatic Beers &Ciders Fresh & Herbs EBITDA (CZKm) EBITDA per main business
Slide 20: Kofola Group key 2Q 2026 financial indicators
KOFOLA GROUP KEY 2Q 2026 FINANCIAL INDICATORS” Revenue (CZKm) Revenue per main business segments (CZKm)** oP nes m2ges m2Q25 3,202 2,972 1,893 * 1,702 (0.2%) (8.2%) 23.6% 509 510 403 439 397 321 2Q26 2Qe5 CzechoSlovakia Adriatic Beers & Ciders Fresh & Herbs EBITDA (czKm) EBITDA per main business seg
Slide 21: Revenue by product line
REWENUE BY PRODUCT LINE Revenue QTD (czKm)* (1.5%) ee m2Q26 m2Qe5 1,007 1,022 935 860 (8.3%) 49.1% (1.7%) 9.3% 398 434 20.0% - (15.5%) 142 123 1376 14700 122 144 an — —— = — Carbonated Waters Non-Carbonated Syrups Beers & Ciders Fresh&Salad bars Natural & Herbal Vending Other beverages beverages Rev
Slide 22: Revenue by countries
REWENUE BY COUNTRIES Revenue QTD by countries (czkm) 2.7% 1777 1.730 m2Q26 m2Q25 kg Czech Republic Slovakia B croatia w Poland WSlovenia Other Revenue YTD by countries (czKm) ~ m6M26 m6M25 3,139” 3,056 40.0% 947 1,326 sou ww Czech Republic W§Slovakia Z croatia w Poland WSlovenia Other 22
Slide 23: Key messages
KEY MESSAGES” rT © Group's revenue increased by 517 CZKm (10.2%). © Group's EBITDA higher by 107.8 CZKm (16.0%). © Volumes higher by 6.4% (CS segment), 3.6% (Adriatic segment) and lower by 4.2% (Beers & Ciders segment). COSTS DEVELOPMENT ¢ All major costs developed according to expected trends. * Ba
Slide 24: Business segments
Slide 25: Our business consists of four main segments
OUR BUSINESS CONSISTS OF FOUR MAIN SEGMENTS CzechoSlovakia S Fresh & Herbs Beers & Ciders Mhofola wRadenska BS vain
Slide 26: Revenue YTD | CzechoSlovakia
REWENUE YTD | CZECHOSLOWAKIA Revenue by packaging formats* (czkm) Sales in litres ("000) mAthome S&Onthego sOnpremise CZECHIA 6M26 6M25 Change 2,987 On premise \ 12,710 13,078 (2.8%) 2,834 On the go 7 32,071 30,895 3.8% At home 7 165,080 160,057 3.1% Total 7 209,861 204,030 2.9% SLOVAKIA 6M26 6Me25
Slide 27: Revenue QTD | CzechoSlovakia
REWENUE QTD | CZECHOSLOVAKIA Revenue by packaging formats* (czkm) mAthome S&Onthego sOnpremise 1,721 1,669 2Q26 2Q25 At home - Syrups * Excludes revenue from sales of services and material. © and drinks in 1.51+ packaging. On premise - Drinks in KEGs and glass bottles. On the go - Drinks in cans and
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 17.0% 19.6% 19.8% 19.6% 17.7% 14.8% 13.6% 15.5% 15.1% na — ° . e ° . e o— 6,848 6,753 489 6,334 370 395 302 1,240 1,336 2Qe6 =2Q25 =6M26 =6M25
Slide 29: Revenue YTD | Adriatic
REWENUE YTD | ADRIATIC Revenue by packaging formats* (czkm) Sales in litres (‘000) mAthome mOnthego #On premise SLOVENIA 6M26 6M25 Change 805 773 On premise 7 10,142 9,340 8.6% On the go 7 9,492 8,634 9.9% At home 7 33,215 33,179 0.1% Total 52,849 51,153 3.3%) On premise 7 4,004 3,879 3.2% On the go
Slide 30: Revenue QTD | Adriatic
REWENUE QTD | ADRIATIC Revenue by packaging formats* (czkm) Sales in litres (‘000) mAthome mOnthego #On premise SLOVENIA 2Q26 2Q25 Change 501 486 On premise 7 §,883 5,564 5.7% On the go 7 §,950 5,445 9.3% At home \ 19,273 19,800 (2.7%) 7 31,106 31 1.0% On premise 7 2,803 2,782 0.8% On the go 7 2,125
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 HEBITDA- e EBITDA margin . 15.9% 15.4% 16.8% 12.9% 13.5% _e ~~ —o 18.3% 16.2% 14.7% 12.0% . ~ an eee ee ea 1,681 1,651 1,665 1,513 122 1,410 - 93 97 83 182 205 268
Slide 32: Performance YTD | Beers & Ciders
PERFORMANCE YTD* | BEERS & CIDERS BE Revenue by packaging formats (czkm)** Sales in litres (‘000) mOnTrade sm OffTrade Export Breweries 6M26 6M25 Change 663 OnTrade \ 11,010 11,918 (7.6%) 627 OffTrade 7 15,662 14,441 8.5% Export \ 10,508 12,442 (15.5%) Total \ 37,180 38,801 (4.2%) Adjusted EBITDA (c
Slide 33: Performance QTD | Beers & Ciders
PERFORMANCE QTD* | BEERS & CIDERS BE Revenue by packaging formats (czKm) Sales in litres (‘000)** mOnTrade =OffTrade mExport Breweries 2Q26 2Q25 Change 380 398 OnTrade \ 6820 7,408 (7.9%) OffTrade 7 8951 8120 10.2% Export \ 6476 7,299 (11.3%) Total \ 22,247 22,826 (2.5%) Adjusted EBITDA (czkm) mEBIT
Slide 34: Fresh & Herbs segment
CS Adriatic F&H B&C 25 Salad bars 34 Fresh bars
Slide 35: Fresh & Herbs | Leros and Premium Rosa
Fresh & Her FRESH & HERBS” | LEROS AND PREMIUM ROSA Revenue (czKm)** mPremium Rosa @Leros @Pragerovy sady 270 260 126 119 i 2Q26 2Q25 6M26 6Me25 Tanreyiny historie nective i eis. (( PREMIUM ROSA )} Producer of premium natural products such as syrups, juices and jams. Certified producer of medical-gr
Slide 36: Fresh & Herbs revenue and EBITDA
CzechoSlovakia Adriatic Fresh & Herbs Beers & Ciders Adjusted EBITDA (czkm) Long-term view | Adjusted EBITDA (czKkm) SEBITDA e@EBITDA margin 13.4% CoRevenue @BEBITDA -®- EBITDA margin 9, e HS* 10.5% 10.6% 11.4% 12.4% 10.9% 10.8% e ° 6.5% o— © 0 79 ——__* 1,463 66 1,329 1,157 53 968 824 37 Ba iit 144
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 CAPEX (CZKm) Working Capital (WC)* (CzKm) Free CF (CZKm) ROCE”* 6M26 6M25 66 6Me6 6M25 6M26 6M25 6M26 6M25 Ts Adjusted Adjusted a EBITDA 781.6 673.8 EBIT 343.3 314.0 Change of WC 171.2 (185.4) Totalassets 13,323.4 1,179.6 (259) CAPEX (613.1) (628.6) Cash & C
Slide 39: Selected financial performance indicators: net debt
SELECTED FINANCIAL PERFORMANCE INDICATORS Net debt (czKm) Net debt / LTM adjusted EBITDA Gross and net debt calculation (czkm) © Net debt / LTM adjusted EBITDA 30-06-26 31-12-25 6,442 Cap L/T bank loans 5,402.3 4,064.6 cores Long-term goal L/T lease liabilities 491.4 386.7 5,485 S/T bank loans 1,160
Slide 40: M&A
Slide 41: M&A strategy | Where we invest?
M&A STRATEGY | WHERE WWE 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 Countries up to 15 - 20 million inhabitants in Europe and Latin No. i or ) America
Slide 42: Goals
Slide 43: Goals 2026
9 GOALS 0 f° 2026 EBITDA CZK 1.8 - 1.9bn Revenue development 10%* Max CAPEX (% of EBITDA) 45 - 50% Dividend per share paid out in 2026 CZK at Net debt / EBITDA 3.5** Ww. * 10% revenue growth including new acquisitions. Goal for organic revenue growth for FY 2026 is 4%. ** Higher ratio goal is driven
Slide 44: Revenue development
— REWENUE DEVELOPMENT Period July 2026 vs July 2025 - Value July 2026 vs July 2025 - Volume August 2026 vs August 2025 - Value August 2026 vs August 2025 - 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 vy <A CZECH TOP 100 - 100 Most Admired Companies 2026 Kofola CeskoSlovensko ranked 3rd in the main ALL STARS ranking. ZLATY POHAR PIVEX PIVO 2026 Randstad Award 2026 Kofola CeskoSlovensko defended ist place in the FMCG sector and ranked Sth overall am
Slide 47: We maintain a family spirit
WWE MAINTAIN A FAMILY SPIRIT EWEN THOUGH INE HAWE ACTIVITIES IN 8 COUNTRIES ON 2 CONTINENTS ‘DAA - ! 7 1 \ ? \ a -7 7 - eo 7 ON 1 ? Pia ote 7 Of NY F ba eect? Czechia ™ =oooc ~“ 2° Ly i ’ ' ia > a 7 ae te Slovakia <*"):{:):}:;= === = = —~-~_---- 77 - e oe 7 - - Dy l ) t 7 —---7 I i] Poland @ =. 1, 1
Slide 48: We are not afraid to enter new segments
WE ARE NOT AFRAID T0 ENTER NEW SEGMENTS AND LEARN NEI THINGS 1990 2000 2010 2020
Slide 49: Our beverage portfolio covers all categories
OUR BEVERAGE PORTFOLIO COVERS ALL CATEGORIES Distributed and license brands amp d) @ Category Most important own brands Carbonated Beverages @kofola Alinea. e ay ™ ff TL @ , ®. EXCELSIOR 4 a Waters RAJEC. Fee Ptoette studena. .ORUNN Ondrdiovia am EVIAN VINCENTIA Non-carbonated Beverages upik uso NOW
Slide 50: Overview of key acquisitions
WE SEEK AND UTILIZE OPPORTUNITIES AROUND US Overview of key acquisitions 2000 2010 020 | 2002 | © kofola’ Ea = | 2020 | atte ei PRAGER’S ESE) anes feos: Eo . Apple plantations _ Nine Ea Frelenbes | 2023 | Coffee ie on 2008 eo see: Pe aff, unove HORA Brice 17 cx EERE «se VENDING Ea SENTEX 2ose | © ne
Slide 51: What we have achieved in the last three years
WHAT WE HAWE ACHIEVED IN THE LAST THREE YEARS Through acquisitions, we We introduced our own new have entered two new brand of fruit juices and nectars, segments: brewing and Curiosa. vending machines. In addition to herbs, we are also learning how to grow ees and coffee. We have launched the constr
Slide 52: Stable ownership structure
STABLE OWNERSHIP STRUCTURE ALLOWS US TO FOCUS ON THE Wh oeeonec DEVELOPMENT OF THE GROUP | 672% Fo Free float (others) Radenska D, 4.30% d.o.o. Free float 134% (key management persons - excl. Lykos alfa owners) Currently 0.3 million shares at Prague Stock Exchange. Majority shares in hands of: ge Ja
Slide 53: Shares owned by key management persons
SHARES OWNED BY KEY MANAGEMENT PERSONS Development in years by type of transaction Increase mDecrease 41,905 258,502 26,844 | = 36,997 6.503 i mam 12,770 37.884 — <— 16,542 6,486 23,265 22,615 || = 19,064 3,861 = 22,321 — = 9.109 12,235 15,059 | , + Entitlement from Option scheme. 53
Slide 54: Kofola listed on PSE
KOFOLA LISTED ON PSE Earnings per share (CZK) Dividends per share (czK) mmmEPS ¢ P/E 76 29 a8 18 16 16 ° ° ° ° ° ° acai 2022* 2023* 2024* 2025*30.06.2026* 2020 202i 2022 2023 2024 Share performance** (CZK) ——KOFOLACS =——=PX 800 700 600, 500 400 300 200 100 2025 2,700 2,400 2,100 1,800 1,500 1,200 90
Slide 55: Appendix
Slide 56: Results of Kofola Group | 6M 2026
RESULTS OF KOFOLA GROUP | 6M 2026 Revenue 5,581.6 - 5,581.6 Cost of sales (2,930.5) - (2,930.5) Gross profit 2,651.1 - 2,651.1 Selling, marketing and distribution costs (1,773.7) - (1,773.7) Administrative costs (645.1) - (645.1) Other operating income/(costs), net 38.4 (27.4) 11.0 Operating profit/
Slide 57: Group results comparison 6M
GROUP RESULTS COMPARISON 6M" (CzKm) 6M26 6M25 Change Change (%) Revenue 5,581.6 5,064.6 517.0 10.2% Cost of sales (2,930.5) (2,768.5) (162.0) 5.9% Gross profit 2,651.1 2,296.1 355.0 15.5% Selling, marketing and distribution costs (1,773.7) (1,649.4) (24.3) 7.5% Administrative costs (645.1) (351.9) (
Slide 58: Group results comparison 2Q
GROUP RESULTS COMPARISON 20° (CzKm) 2926 2Q25 Om rtt tos Comments Revenue 3,201.5 2,971.5 230.0 7.7% © Second-quarter revenue rose 7.7% year-on- year and EBITDA increased 14.4%. After Cost of sales (1,584.4) (1,538.7) (45.7) 3.0% April and May were held back by 5 unfavourable spring weather, sales G
Slide 59: Consolidated income statement
CONSOLIDATED INCOME STATEMENT* (CZKm) 6M26 6M25 2025** 2024** 2023%* 2022** 202i** 2020°* Revenue 5,581.6 5,064.6 10,754.3 11,082.0 8,690.1 7,875.3 6,636.2 6,171.5 Cost of sales (2,930.5) (2,768.5) (5,675.0) (6,037.1) (4,802.7) (4,564.0) (3,710.2) (3,349.5) Gross profit 2.6511 2,296.1 5,079.3 50449
Slide 60: Consolidated statement of financial position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 6.2026 31.12.2025* 31.12.2024" 31.12.2023" Non-current assets 9,404.7 8,476.4 7,246.1 5,130.3 5,089.0 5,306.3 5,683.6 Current assets 3,918.7 3,061.9 3,626.9 2,897.3 2,414.4 1,929.2 1,853.7 Total assets 13,323.4 11,538.3 10,873.0 8,027.6 7,503.4 7,235.5 7,
Slide 61: Consolidated statement of cash flows
CONSOLIDATED STATEMENT OF CASH FLOINS (CZKm) 6M26 6M25 2025* 2024* 2023* 2022* 202i* 2020* Net cash flows from operating activities 494.4 102.7 1,216.9 1,676.1 1,484.7 922.8 1,142.0 785.0 Net cash flows from investing activities (4,112.9) (720.1) (1,872.1) (2,335.8) (396.1) (382.2) (230.5) (1,349.3)
Slide 62: Refinement of EBITDA for the impacts of share-based payments
REFINEMENT OF EBITDA FOR THE IMPACTS OF SHARE- BASED PAYMENTS (SBP) 2021 2022 2023 2024 2025 2026 - goal Reported EBITDA 1,154 1,068 1,288 1,917 1,925 1,800 - 1,900 Adjusted EBITDA - excluding the SBP impact 1,134 1,108 1,432 1,948 1,816 1,850 - 1,950 Comment This slide presents our alternative EBIT
Slide 63: Contact
CONTACT Should you have any question related to Kofola Group do not hesitate to contact our investor relations office: Veronika Juricova + 420 793 916 055 http://investor.kofola.cz/en Kofola CeskoSlovensko a.s. Nad Porubkou 2278/31a 708 OO Ostrava - Poruba Czech Republic » kofola
Slide 64: Authorization
AUTHORIZATION This presentation has been authorized by the Board of Directors of Kofola CeskoSlovensko a.s. on 3 September 2026. 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. — H1 2026 Earnings Presentation on 6ix