Coca-cola Europacific Partners Plc · NASDAQ:CCEP
Coca-cola Europacific Partners — H1 2025 Earnings Presentation
27 slides from Coca-cola Europacific Partners's earnings presentation, Aug 6, 2025
Slide 1: Winning today, Creating tomorrow
Winning today Creating tomorrow Results for the Six Months Ended 27 June 2025 6 August 2025
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 on our growth strategy
Executing on our growth strategy Supported by solid alignment with TCCC & our brand partners Leading retail value creator ~€7.8bn 2 235% TSR Solid €6.2bn cash returns since 2016 since 2016 3 top & bottom-line growth since 2016 1 Continued commitment to stakeholder value creation NARTD Productivity m
Slide 4: Addressable markets
Addressable markets Large & growing across diverse & resilient channels NARTD total value ARTD €170bn 2024 Europe €9bn CAGR HSD 5 CAGR 2-3% 5 CAGR 3-4% 2025-28 2025-28 Institutions 1% 2024 Other Leisure 4% 9% QSR Hypers/ AP 6% Supers CAGR 4-5% 34% NARTD 2024 HOT COFFEE combined channel HoReCa value
Slide 5: H1 Key messages
H1 Key messages Solid H1 performance - top & bottom-line growth Leading retail value creator within resilient categories Strong cash generation supporting record investment in growth Well placed for rest of year - reaffirming FY25 profit & cash guidance Confident in our future, right strategy to del
Slide 6: H1 25: Key metrics
H1 25: Key metrics Solid top-line 7 NARTD Value share gains 11 Winning with customers Volume8 Revenue/UC9 Revenue9 Home Online Leading #1 in global Great brands FMCG value -1.3% 10 +3.8% +2.5% +10bps broadly creator for Advantage Group supported by best-in-class flat customers survey execution +0.3%
Slide 7: Great people
Great Great people people Investing in building people capabilities to drive growth “join for“join thefor the brands,brands, stay stay for the people” for the people” Continue to be recognised as a great place to work & a ‘Top Employer’ Welcoming ~60 new colleagues into our new integrated shared ser
Slide 8: Great brands supporting volume growth
Great Great brands people supporting “joinvolume for thegrowth brands, stay for the people” Landing ‘Share a Coke’ Winning in Flavours Fuelling growth with Campaign driven by Zeros Monster Transitioning to Fuze Expanding ARTD Accelerating in Tea - ahead of plan portfolio Sports/Hydration 8 8
Slide 9: Great execution
Great Great MORE PEOPLE MORE OFTEN execution people Maximise traditional, retail & social media to trigger shoppers’ interest Increase visibility in key touchpoint areas every day “join for the brands, stay Creating value with more for the people” online digital capabilities Activations via +9% e-co
Slide 10: Done sustainably
GreatDone sustainably people Continued recognition as an “join for the industry leader in sustainability brands, stay for the people” Ongoing progress with packaging collection CCEP Ventures investing in pioneering sustainability start-ups 10 10
Slide 11: H1 25: Financial summary
H1 25: Financial summary7 Operating EPS Comparable Capital Revenue COGS/UC Opex % profit 8 FCF returns € € Dividend €10.3bn €3.46 21.8%13 €1.4bn €2.02 12 €0.4bn per share +2.5%9 +3.6%9 improved +7.2% 9 +3.1% 13 €0.79 15 +50bps Margin Share 13.5% 9 buyback +60bps ~€460m 14 11
Slide 12: Next phase of efficiencies delivering earlier than plan
Next phase of efficiencies delivering earlier than plan Enabled by digital tools, data & analytics Harmonising Optimising our Centres of Plan delivers €350-400m by & standardising network expertise 2028, & remains on track best practice to to serve to accelerate simplify our customers in most best-i
Slide 13: FY25 updated guidance
FY25 updated guidance 7, 16, 17 Revenue: growth of 3% to 4% (previously ~4%) Cost of sales per unit case: growth of ~2% Operating profit: growth of ~7% Comparable effective tax rate: ~26% 18 Capex: ~5% of revenue Comparable free cash flow: at least €1.7bn 19 Dividend payout ratio: ~50% Share buyback
Slide 14: Mid-term objectives
Mid-term objectives7 Comparable Revenue Operating free cash flow20 growth 13 profit growth 13 at least ~4% ~7% €1.7bn p.a. Net Debt: Capex Comparable ROIC Dividend comparable EBITDA up~50bps p.a. ~4-5% payout ratio19 2.5x – 3.0x of revenue 18 ~50% 14
Slide 15: Focus areas to accelerate growth in CCEP's next phase
Focus areas to accelerate growth in CCEP's next phase Bolder moves on Coke Original Taste & Diet Consumer environment Sports, RTD tea & Stronger portfolio options Coke to drive category stabilising with a stronger energy accelerating growth e.g. ARTD & Zeros volume growth in push in AFH Europe Bigge
Slide 16: Bolder moves on Coke
Bolder Great moves on people Coke “join for the Driving brands, stay category for the people” volume Refreshed ‘This is my taste’ campaign Star Wars collaboration English Premier League New ‘Time For A Coke’ campaign 16 16
Slide 17: Energy: Accelerating growth
ENERGY Accelerating growth Exciting innovation pipeline ▴ Focused strategies for Home & AFH More coolers to suit every space 17
Slide 18: Stronger portfolio
Stronger portfolio TCCC portfolio a stronger platform for growth Evolving Suntory distribution in Australia ended June ‘25 RTD Tea (expected H2 APS impact: ~1% volume, ~5% revenue) & ARTD Launching Bacardi & Coke in Q3 & focusing on ‘core 4’ Billson’s variants Frestea relaunch in Indonesia with new
Slide 19: Indonesia: short-term impacted by weaker macro, continued focus on long-term opportunity
Indonesia: short-term impacted by weaker macro, continued focus on long-term opportunity External market impacts Focused on long-term opportunity Further network optimisation Logistics transformation continuing at pace Macro Household volatility Driving efficiency & scalability consumption across op
Slide 20: Unlocking more value with Tech & AI
Unlocking RED One KAM 360 Up We Go more Data-driven field sales tool key account management new eB2B platform value with Tech & AI Smart execution & growth Supports world class Pilot recently launched with customers customer partnering in Spain Data & analytics supports; Data-led planning, execution
Slide 21: H1 Key messages
H1 Key messages Solid H1 performance - top & bottom-line growth Leading retail value creator within resilient categories Strong cash generation supporting record investment in growth Well placed for rest of year - reaffirming FY25 profit & cash guidance Confident in our future, right strategy to del
Slide 22: Delivering future shareholder returns
Delivering future shareholder returns 7 Returns underpinned by revenue, profit & cash Growth Revenue ~4% 13 HSD% Operating profit ~7% 13 Efficiency savings & 4-5% 2-3% productivity growth EUROPE AP SEA Cash Free cashflow Debt ROIC Comparable 2.5-3.0x Targeting increase of 20 FCF of net debt / EBITDA
Slide 23: Q&A
Q&A 23 Classification - Internal
Slide 24: Appendix
APPENDIX 24
Slide 25: Upcoming events and Further information
Investor Relations contacts Sarah Willett Upcoming events Vice President Sarah.Willett@ccep.com 05 Nov 2025: Q3 Trading Update Charles Richardson Director Charles.Richardson@ccep.com Matt Sharff Director Further information M.Sharff@ccep.com Website: www.cocacolaep.com Dimitar Todorchev Manager dtod
Slide 26: Cost of sales breakdown
Cost of sales breakdown 22 15% MANUFACTURING & D&A TAXES 10% COMMODITIES 25% CONCENTRATE & FINISHED GOODS 50% 26
Slide 27: H1 25 Footnotes
H1 25 Footnotes 1.Nielsen Sales data (Europe, NZ, PH & IND), Gallup (IS), IRI Data (AUS) 2.Includes First half interim dividend and share buyback up to 30 July 2025 3.Total Shareholder Return (share price appreciation CCEP US + dividends) (27/05/16-07/29/25) 4.Including online 5.Global Data 6.Define
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