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• • • • • CCI Earnings Release Istanbul , May 4th , 2021 SOLID START TO THE YEAR THROUGH CONTINUED BUSINESS MOMENTUM 1Q2021 HIGHLIGHTS Sales volume + 17.8 % Net sales revenue + 42.9 % FX - neutral NSR + 33.1 % • EBITDA + 92.1 % EBITDA margin + 521 bps to 20.4 % Burak Basarir , CEO of Coca - Cola Icecek , commented : We are pleased to announce another quarter of robust growth in the first three months of 2021. The ongoing COVID - 19 pandemic continues to present a challenging operating landscape . However , fueled by our diverse brand portfolio , adaptive business model , execution excellence , prudent financial policy , and digitally - enabled strategy , we continued to deliver successful operational and financial results , adhering to our quality growth algorithm . In all of our markets , we grew our sales volume in the first three months of the Net profit of TL 403 million year vs. last year . Pakistan and Jordan were the two stars of the quarter , both Follow 06th May live event 1Q21 Results Webcast ; 16:00 Istanbul 14:00 London 09:00 New York Click here to access webcast growing more than 40 % on a yearly basis . Turkey recorded 12 % growth despite the continued lockdowns and on - premise closures . While the sparkling category continued to be the main driver of growth , energy and mineral water sub- categories also performed quite well . Immediate Consumption ( " IC " ) packs continue to be under pressure , highly correlated with the on - premise traffic ; nevertheless , our efforts to increase the share of IC packs in - home channels mitigate the decline of on - premise sales . Amid the pandemic , we made significant progress on our lean operating model . We accomplished this through SKU prioritization , revisiting our opex items , and continued discipline in revenue growth management . Our business benefited substantially from this discipline and recorded solid profitability in the first quarter of 2021. Our consolidated EBITDA margin grew by 521 bps year on year and reached 20.4 % . There is some phasing and seasonality impact in this expansion , yet these figures prove our commitment to disciplined cost management and flattish margins vs. 2020 , as was indicated in our FY21 guidance . We entered 2021 with significant momentum , and we are confident in our brands , resilient business , excellent execution capabilities , dedicated people , and solid stakeholder relations for the opportunities ahead . I want to thank all our employees for being agile , resilient , responsible , and for following our strategic priorities to continue creating value in everything we do . 1