Slides
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 255-255-255 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 Winning today Creating tomorrow 4 August 2026 Results for Six Months Ended 3 July 2026
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS Forward looking statements 2 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 and objectives of Coca-Cola Europacific Partners plc and its subsidiaries (together CCEP or the Group). Generally, the words “ambition”, “target”, “aim”, “believe”, “expect”, “intend”, “estimate”, “anticipate”, “project”, “plan”, “seek”, “may”, “could”, “would”, “should”, “might”, “will”, “forecast”, “outlook”, “guidance”, “possible”, “potential”, “predict”, “objective” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks that could cause actual results to differ materially. Forward-looking statements are based upon various assumptions as well as CCEP’s historical experience and present expectations or projections. As a result, undue reliance should not be placed on forward-looking statements, which speak only as of the date on which they are made. Factors that, in CCEP’s view, could cause such actual results to differ materially from forward-looking statements include, but are not limited to, those set forth in the “Risk Factors” section of CCEP’s 2025 Annual Report on Form 20-F filed with the SEC on 13 March 2026 and subsequent filings, including, but not limited to: changes in the marketplace; changes in relationships with large customers; adverse weather conditions; importation of other bottlers’ products into our territories; deterioration of global and local economic and political conditions; increases in costs of raw materials; changes in interest rates or debt rating; deterioration in political unity within the European Union; defaults of or failures by counterparty financial institutions; changes in tax law in countries in which we operate; additional levies of taxes; waste and pollution, health concerns perceptions, and recycling matters related to packaging; global or regional catastrophic events; cyberattacks against us or our customers or suppliers; technology failures; initiatives to realise cost savings; calculating infrastructure investment; executing on our acquisition strategy; costs, limitations of supplies, and quality of raw materials; maintenance of brand image and product quality; managing workplace health, safety and security; water scarcity and regulations; climate change and legal and regulatory responses thereto; other legal, regulatory and compliance considerations; anti- corruption laws, regulations, and sanction programmes; legal claims against suppliers; litigation and legal proceedings against us; legal changes in our status; attracting, retaining and motivating employees; our relationship with TCCC and other franchisors; and differing views among our shareholders. Due to these risks, CCEP’s actual future financial condition, results of operations, and business activities, including its results, dividend payments, capital and leverage ratios, growth, including growth in revenue, cost of sales per unit case and operating profit, free cash flow, market share, tax rate, efficiency savings, achievement of sustainability goals, including net zero emissions and recycling initiatives and capital expenditures, may differ materially from the plans, goals, expectations and guidance set out in forward-looking statements. These risks may also adversely affect CCEP’s share price. CCEP does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable rules, laws and regulations. Reconciliation & definition of alternative performance measures The following presentation includes certain alternative performance measures, or non-IFRS performance measures. Refer to our Unaudited Results for the Second Quarter & Half Year Ended 3 July 2026, issued on 4 August 2026, which details our non-IFRS performance measures and reconciles, where applicable, our 2026 and 2025 results as reported under IFRS to the non-IFRS performance measures included in this presentation. This presentation also includes certain forward looking non-IFRS financial information. We are not able to reconcile forward looking non-IFRS performance measures to reported IFRS measures without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the actual impact or exact timing of items that may impact comparability. For further details see CCEP H1 2026 Report.
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS Executing our value creation strategy 3 Supported by strong alignment with TCCC1 & our brand partners ~€4.3bn4 cash returns5 ~€4.4bn #1 FMCG retail value creator2,3 ~88% TSR5,6 Productivity mindset €350-400m by 2028 NARTD7 leadership & value share gains Sustained top & bottom-line growth Investing more than ever before Inclusive & engaged workforce
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS NARTD 7 ARTD 10 HOT COFFEE Sparkling Energy RTD Tea & Coffee Hydration Other Advanced Hydration LSD%CAGR 2026-30 HSD% MSD% LSD% MSD% Flat Hypers/Supers 35% Discounters 11%General Trade 10% Convenience 8% HoReCa 15% QSR 6% Leisure 7% Institutions 1% Other 7% NARTD7 2025 channel value mix across Home & AFH 9 CAGR 3-4% 2026-30 Europe CAGR 2-3% AP CAGR 4-5% SEA CAGR HSD €180bn 8 2025 CAGR HSD 2026-30 €10bn 8 2025 CAGR LSD 2026-30 4 €5bn 11 2025 Operating in large & growing markets across diverse channels
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS Great first half – on track for full year 5 5 Strong top-line growth supported by great execution & more innovation than ever before Leading value creator in FMCG in innovative & growing categories Delivering growing shareholder returns Greater productivity & efficiencies support resilient profit delivery Laid foundations for 2026 & beyond with strong cash generation enabling investment in capacity, technology & distribution
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS H1: Key metrics 6 Strong top-line12 NARTD7 Value share gains13 Winning with customers +5.6% Volume14 +0.4% Revenue/UC15 +6.1% Revenue16 +30bps Europe -30bps APS Maintaining high customer service levels #1 in global Advantage Group customer survey #1 Retail value creator Strong bottom-line12,15 Impressive comparable free cash flow Growing capital returns +8.1% Operating profit +8.1% Europe +8.3% APS €0.4bn Comparable FCF12 €0.82 Interim dividend18 €0.6bn complete of €1bn for FY26 Share buyback programme19 Supporting record investment in future growth NARTD Category Value Growth +4.4% CCEP +20bps 6
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS H1: Financial summary12 Comparable FCF € COGS/UC €3.46 15 +0.6% €0.4bn Share buyback € Operating profit €1.5bn +8.1%15 Margin 13.8%15 +26bps EPS Revenue €10.7bn +6.1%16 €2.2017 +10.6%15 Opex % of revenue 21.4%15 Improved 39bps Dividend per share €0.82 18 7 €0.6bn19 of €1bn for FY
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS 8 FY26 guidance reaffirmed12,20,21 8 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 revenue22 Comparable free cash flow: at least €1.7bn Dividend payout ratio: ~50%23 8 Share buyback: €1bn over the course of the year 8
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS Revenue growth15 ~4% Operating profit growth15 ~7% Comparable free cash flow24 at least €1.7bn p.a. Net Debt: comparable EBITDA 2.5x – 3.0x Comparable ROIC up ~50bps p.a. Capex ~4-5% of revenue22 Dividend payout ratio23 ~50% 9 Mid-term objectives12
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Broaden total beverage portfolio Win through execution Sharpen competitiveness Scale SEA growth engine Unlock growth with AI & tech Winning today, creating tomorrow Delivering against our strategic priorities 10
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CORE COLOURS DATA COLOURS Broaden total beverage portfolio Pack innovation with 500ml Supercan Strengthening our sports line-up Monster innovation supports growth 2x rate of energy category Now #1 coffee bean brand in retail Push on water with new listings More flavours *All figures represent days adjusted Volume 11 Energy +19% Sports +12% Supercans outperforming Water +7% Sprite +6%
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CORE COLOURS DATA COLOURS Zero portfolio growing ~10% 12 Diet Coke, Coke Zero & relaunched Zero Caffeine, all performing strongly Campaign focus on meal pairing & new Sprite Zero Chill Monster Ultra range growing >50% Powerade & Aquarius Zero sugar Extending zero flavour range in Fanta
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CORE COLOURS DATA COLOURS Win through execution Biggest ever World Cup activation Cooler rollout ahead of plan > 80k H1 +5% total increase Fanta Xbox collaboration & meal activations Customer win momentum & new listings for Fuze Tea & Smartwater 13 Continued progress on packaging collection e.g. Portugal DRS
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CORE COLOURS DATA COLOURS Upweighting advanced hydration 135m Team/Player cans & 1.3m gifts with purchase Exclusive Panini sticker on-pack 163m Record activation with 500k displays Fantastic FIFA activation 14
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CORE COLOURS DATA COLOURS Sharpen our competitiveness Cross-channel promotional mechanics 1.5k colleagues (>250 in Manila) More above market capabilities in Sofia & Manila Competitions, prizes & gifts with purchase to drive engagement 25.0% 21.4% 2021 H1 26 Opex % of revenue Efficiencies, productivity & operating leverage 15
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CORE COLOURS DATA COLOURS Scale Southeast Asia growth engine Launched Sprite Nipis Mint & Powerade Sparkling growth supported by innovation & new RTM Frestea Blackcurrant & Coke Zero Vanilla performing well Coke Zero campaign driving double- digit growth Strong Wilkins growth supported by new listings New plant on track for FY27 Growth driving profitability - margin close to 10% target 16
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CORE COLOURS DATA COLOURS Unlock growth with tech & AI 17Commercial Customer service & supply chain Enabling functions Customer Insights Data & AI learning for all CCEP roles AI Ideas Incubator – learn, explore, prioritise, test & pilot Customer Contact Price & Promo Operations Planning & Fulfilment Enhanced ISS Predictive actionable insights at scale to support growth ‘Sales Force of the Future’ with smart contact management Price modelling & smarter segmentation improve promotional ROI Reduce waste & increase manufacturing efficiency Real-time & automated inventory & logistics Agentic & Gen AI further automates process & reporting 17
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Broaden total beverage portfolio Win through execution Sharpen competitiveness Scale SEA growth engine Unlock growth with AI & tech Winning today, creating tomorrow Delivering against our strategic priorities 18
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS Winning today, creating tomorrow 19 Building off a great decade longtrack record Accelerating productivity through tech to drive growth Investing in our brands, our supply chain & our people Well positioned in fast growing categories Delivering continued shareholder value 19 Resilient operating model supports consistent delivery
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS 20 Damian Edv Q&A
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS H1 Footnotes 21 1.The Coca-Cola Company 2.January 2023 - June 2026 3.Nielsen Sales data (Europe, NZ, PH & IND), Gallup (IS), IRI Data (AUS) 4.Includes 2026 H1 dividend and share buyback up to 31 July 2026 5.The past 3 years: July 2023 – June 2026 6.Total Shareholder Return (share price appreciation CCEP US + dividends) (31/07/23-31/07/26) 7.Non-Alcoholic Ready-To-Drink 8.Global Data 9.Including Online 10.Alcohol Ready-To-Drink 11.GlobadData Foodservice | West Europe 12.Non-IFRS performance measures - refer to slide 2 13.External data sources: Nielsen & IRI P6 YTD 2026 14.Reported 15.Comparable & FX-neutral 16.FX-neutral 17.Comparable diluted EPS 18.First half interim dividend per share of €0.82 (declared Q1, paid in Q2) calculated as ~40% of FY25 dividend). 19.As of 31 July 2026 20.Reflects current assessment of market conditions 21.Unless stated otherwise, guidance is on a comparable & FX-neutral basis. 22.Including payment of principal on lease obligations. 23.Dividend payout ratio defined as dividend per share divided by comparable diluted earnings per share; subject to Board approval 24.Comparable free cash flow after 4-5% capex as % of revenue
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Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 245-245-245 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 CORE COLOURS DATA COLOURS 03 Nov 2026: Q3 Trading Update Samina Khan Associate Director skhan@ccep.com Investor relations contacts Upcoming events Further information Website: www.cocacolaep.com Sarah Willett Vice President sarah.willett@ccep.com Matt Sharff Director msharff@ccep.com Dimitar Todorchev Manager dtodorchev@ccep.com 22