Kofola Ceskoslovensko As · PSECZ:KOFOL
Kofola Ceskoslovensko As — 6M 2025 Earnings Presentation
62 slides from Kofola Ceskoslovensko As's earnings presentation, Sep 2, 2025
Slide 1: Kofola Group Investor Presentation, 2 September 2025
‘2 SEPTEMBER 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 5.07 bn Revenue 6M 2025 CZK 673.8 m EBITDA 6M 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
Slide 6: Long-term development
LONG-TERM DEWELOPMENT Revenue* (CZKm) EBITDA* (czKm) =m Excl. acquisitions -e-EBITDA margin 16.7% 17.0% 16.7% 715.6% y 14.1% 14.4% 15.2% 11,082 11,028 8,690 7 128% v 7,875 1,852 6,172 636 1,671 9,688 1,253 8,690 1,128 1,110 - 6,525 Tes 1,030 1,551 a - & ee % & & & v Ka & & s Grey chart represents an
Slide 7: Highlights
HIGHLIGHTS Targa Florio is partnering with the legendary Formulai driver, Emerson Fittipaldi. Instead of showing a frantic race, their new commercial highlights that true driving pleasure comes when you slow down and savor the experience. The campaign also aims to introduce a new flavor: Targa Flori
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 sustainable approach
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
= 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, which 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: We take a 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, water and waste saving, Eko Gardens
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 2025 financial indicators
KOFOLA GROUP KEY 6M 2025 FINANCIAL INDICATORS” Revenue (CZKm) Revenue per main business segments (CZKm)** _ (Lis) pod 5,085 sate oop moMe5 m6M24 aac 3:26 ~ ~~ ~ 3.2% 27.2% 15.5% 812 786 734-578 623 540 ee ee eMas eMa4 CzechoSlovakia Adriatic Beers &Ciders Fresh & Herbs EBITDA (CZKm) EBITDA per main
Slide 20: Kofola Group key 2Q 2025 financial indicators
KOFOLA GROUP KEY 2Q 2025 FINANCIAL INDICATORS” Revenue (czKm) Revenue per main business segments (CZKm)** -_ > G10) 08? (7.3%) m2ges m2Q24 2,972 5, 1,702 1,836 ~~ - 8.8% (7.9%) > - 15.8% 510 478 439 «476 321277 2Qe5 2Q24 CzechoSlovakia Adriatic Beers & Ciders Fresh & Herbs EBITDA (czkm) EBITDA per m
Slide 21: Revenue by product line
REWENUE BY PRODUCT LINE Revenue QTD (czKm) ~N _ 0.4% (3.6%) - m2Qe5 m2Q24 1,022 1,018 g92 (8.1%) 860 -_ _ ~~ S 4 19.2% % 25.0%) (21.9%) 472 142 189 ie 144 Carbonated beverages Waters Non-Carbonated Syrups Beers & Ciders Fresh&Salat bars Other beverages Revenue by product line YTD (czkm) > -—_ (4.6%)
Slide 22: Revenue by countries
REWENUE BY COUNTRIES Revenue QTD by countries (czkm) é& 1.730. 1,746 m2Q25 m2Q924 (8.2%) ~~ WN — a 2.9% 7.9% (22.2%) 129 102 kg Czech Republic Slovakia slovenia w Croatia @ Poland Other Revenue YTD by countries (czKm) a m6M25 ™6M24 3,056 2,924 we Czech Republic Slovakia S Slovenia w Croatia & Poland
Slide 23: Key messages
KEY MESSAGES" mes TT © Group‘s revenue decreased by 54 CZKm (1.1%). ¢ Group‘s EBITDA lower by 180 CZKm (21.1%). ¢ Volumes lower by 8.7% (CS and Adriatic segment). COSTS DEVELOPMENT ¢ All major costs developed according to expected trends. * Based on results adjusted for one-offs. QTDRESULTS © Group‘
Slide 24: Slide 24
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
CzechoSk REVENUE QTD | CZECHOSLOVAKIA Revenue by packaging formats* (czkm) Sales in litres ("000) mAthome S&Onthego sOnpremise CZECHIA 2Q25 2Q24 Change 1,810 On premise \ 8,066 8,439 (4.4%) On the go \ 18,925 19,152 (1.2%) At home \ 88,754 92,210 [ee 7%) Total \ 115,745 119,801 Total = 15,745 9.201
Slide 27: Revenue YTD | CzechoSlovakia
CzechoSk REVENUE YTD | CZECHOSLOWAKIA Revenue by packaging formats* (czkm) Sales in litres ("000) mAthome S&Onthego sOnpremise 3,168 CZECHIA 6Me5 6M24 Change On premise \ 13,078 13,872 (5.7%) On the go \ 30,895 31,786 (2.8%) At home \ 160,057 165,121 (3.1%) Total ‘\ 204,030 210,779 (3.2%) SLOVAKIA 6
Slide 28: Revenue and EBITDA | CzechoSlovakia
CzechoSlovakia REWENUE AND EBITDA | CZECHOSLOWAKIA Adjusted EBITDA (czkKm) Long-term view | Adjusted EBITDA (czkm) EBITDA EBITDA margin CoRevenue mmEBITDA -®-EBITDA margin 19.6% 5 *—__18.5% 15.1% 17-0% 16.1% 17.7% 18.2% 36% 15-9% a 6.948 ~~ . . % . ° ’ . ° . 6,209 6,526 510 5,641 395 4,796 302 335 9
Slide 29: Revenue QTD | Adriatic
REVENUE QTD | ADRIATIC Revenue by packaging formats* (czkm) Sales in litres (‘000) mAthome mOnthego #On premise 486 On premise 7 5,564 5,202 7.0% On the go 7 5,445 4,978 9.4% At home 7 19,800 18,476 7.2% Total 7 30,809 28,656 75% On premise 7 2,782 2,657 4.7% On the go “2,081 2,115 (1.6%) At home \
Slide 30: Revenue YTD | Adriatic
REWENUE YTD | ADRIATIC Revenue by packaging formats* (czkm) Sales in litres (‘000) mAthome mOnthego #On premise SLOVENIA 6M2e5 6M24 Change 773 751 On premise 7 9,340 9,073 2.9% On the go 7 8,634 8,317 3.8% At home 7 33,179 31,987 3.7% Total 51,153 49,377 % On premise 7 3,879 3,707 4.6% On the go 7 3
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% 5 15.9% eh 12.9% 13.5% _e— 13.3% -_ —e e —e 22.8% 1.707 16.2% ° 17.5% 1,681 u ° 12.0% ° 1,513 . 138 1,410 1,232 109 97 83 177 182 205
Slide 32: Fresh & Herbs: salad bars, 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) = EBITDA e@ EBITDA margin 15.2% CoRevenue @BEBITDA -®- EBITDA margin sy e 13.6% 11.4% 12.4% 11.1% a 10.6% ° 6.5% © —o 1157 1,242 73 66 968 42 824 a 609 | on — = = 2Q25 2Q24 6M25 6Me24
Slide 35: Performance QTD | Beers & Ciders
Beers & Ciders PERFORMANCE QTD* | BEERS & CIDERS Be Revenue by packaging formats (czKm) = CZ brand S Export m Other 472 443 5 159 308 2Q25 2Q24 Sales in litres (‘000) Breweries 2Q25 2Q24 Change ° A] - ° * Beers & Ciders segment further includes company F.H. Pragers.r.o. (not disclosed separately in
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 6M25 6M24 Change CZ Brand \ 24,050 26,350 (8.7%) 734 Export \ 13,200 17,210 (23.3%) Other 7 1,540 340 352.9% Total ‘\ 38,790 43,900 (11.6%) Adjusted EBITDA (czKm)*
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”* 6M25 6M24 74 6M25 6M24 6M2e5 6M24 6M25 6M24 | Adjusted Adjusted EBITDA 673.8 853.9 EBIT 314.0 557.3 Change of WC (185.4) (69.8) Totalassets —11,179.6 10,970.9 CAPEX (528.6) (366.9) Cash & CE 777
Slide 39: Selected financial performance indicators: net debt
SELECTED FINANCIAL PERFORMANCE INDICATORS Net debt (czkm) Net debt / LTM adjusted EBITDA © Net debt / LTM adjusted EBITDA 4,704 Cap cores Long-term goal 3,954 3,642 3.5x 2.82x@ 2.39 2.14x @ cocseeseentnersvseseseveeseseeesees 20x 30-06-25 31-12-24 30-06-24 30-06-25 31-12-24 30-06-24 Gross and net de
Slide 40: M&A
Slide 41: 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 42: Goals
Slide 43: Goals
9 GOALS 0 . EBITDA CZK 1.9 bn Revenue growth 1.5% Max CAPEX (% of EBITDA) 60% Dividend per share paid out in 2025 ei CZK* Net debt / EBITDA 2.5 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 Change July 2025 vs July 2024 - Value c. (8%) July 2025 vs July 2024 - Volume c. (11%) August 2025 vs August 2024 - Value c. (11%) August 2025 vs August 2024 - Volume c. (12%) 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 = « 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 [2002 | ko ‘ola’ Ea € | 2020 | elton KORUNNI PRAGER 6 | 2014 | mangaloy & | 2021 | ge General jastic [201s | a | 2023 | Apple plantations aois | Coffee plantations ioenke 2017 | sa @ Ex SEMTEX 20s | KLASTORNA Nin
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 Lykos alfa a.s. DEWELOPMENT OF THE GROUP Free float (others) Currently 6.1 million shares at Prague Stock Exchange. D, Radenska 4.08% d.o.o. RADENSKA is considering the sale of its whole shares (998,395 shares as of 30 June 2025). A decision of ex
Slide 52: Shares owned by key management persons
SHARES OWNED BY KEY MANAGEMENT PERSONS Development in years by type of transaction Increase Decrease 19,064 3,861 — 22,321 — = 9,109 12,235 15,059 | , 18,709 || + Entitlement from Option scheme. 52
Slide 53: Kofola listed on PSE
KOFOLA LISTED ON PSE Dividends per share (CZK) Earnings per share (CZK) mmmEPS ¢ P/E 2020* 202i* 2022+ 2023+ 2024*30.06.2025* Share performance** (CZK) ——KOFOLACS =——=PX 800 200 2019 2020 20a 2022 2023 2024 700 FEA 739% 600 wo ae 100 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr
Slide 54: Appendix
APPENDIX
Slide 55: Results of Kofola Group | 6M 2025
RESULTS OF KOFOLA GROUP | 6M 2025 Revenue 5,064.6 - 5,064.6 Cost of sales (2,768.5) - (2,768.5) Gross profit 2,296.1 - 2,296.1 Selling, marketing and distribution costs (1,649.4) - (1,649.4) Administrative costs (351.9) - (351.9) Other operating income/(costs), net 4.8 14.4 19.2 Operating profit/(lo
Slide 56: Group results comparison 6M
GROUP RESULTS COMPARISON 6M” 6M24** (czKm) 6m25 tostatea Change Change (%) Revenue 5,064.6 5,118.6 (84.0) (1.1%) Cost of sales (2,768.5) (2,786.7) 18.2 (0.7%) Gross profit 2,296.1 2,331.9 (35.8) (1.5%) Selling, marketing and distribution costs (1,649.4) (1,453.9) (495.5) 13.4% Administrative costs (
Slide 57: Group results comparison 2Q
GROUP RESULTS COMPARISON 20° 2qa4** (CzKm) 2925 eee Change Change (%) Revenue 2,971.5 3,067.2 (95.7) (3.1%) Cost of sales (1,538.7) (1,608.7) 70.0 (4.4%) Gross profit 1,432.8 1,458.5 (25.7) (1.8%) Selling, marketing and distribution costs (928.5) (860.0) (68.5) 8.0% Administrative costs (189.3) (169
Slide 58: Consolidated income statement
CONSOLIDATED INCOME STATEMENT* (CZKm) 6M25 one a 2024** 2023** 202a** 2oai** 2020** Revenue 5,064.6 5,118.6 11,082.0 8,690.1 7,875.3 6,636.2 6,171.5 Cost of sales (2,768.5) (2,786.7) (6,037.1) (4,802.7) (4,564.0) (gaig.ay (8,349.5) Gross profit 2,296.1 2,331.9 5,044.9 3,887.4 3,311.3 2,926.0 2,822.0
Slide 59: Consolidated statement of financial position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION Non-current assets 7,602.9 7,246.1 5,130.3 5,089.0 5,306.3 5,683.6 Current assets 3,576.7 3,626.9 2,897.3 2,414.4 1,929.2 1,853.7 Total assets 11,179.6 10,873.0 8,027.6 7,503.4 7,235.5 7,537.3 Eauity attributable to owners of Kofola CeskoSlovensko 1,771.4
Slide 60: Consolidated statement of cash flows
CONSOLIDATED STATEMENT OF CASH FLOWS 6M24** (CZKm) 6M25 2024* 2023* 2022* 202i* 2020* restated Net cash flows from operating activities 102.7 578.6 1,676.1 1,484.7 922.8 1,142.0 785.0 Net cash flows from investing activities (720.1) (1,629.1) (2,335.8) (396.1) (382.2) (230.5) (1,349.3) Net cash flow
Slide 61: Contact
CONTACT Should you have any question related to Kofola Group do not hesitate to contact our investor relations office: Jifi 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 62: Authorization
AUTHORIZATION This presentation has been authorized by the Board of Directors of Kofola CeskoSlovensko a.s. on 2 September 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 CeskoSlovensko a.s. — 6M 2025 Earnings Presentation on 6ix