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CCI Earnings Release Istanbul , 11 August 2021 " Revised Guidance on Growth Acceleration " • • • • 2Q2021 HIGHLIGHTS Sales volume + 19.8 % Net sales revenue + 61.2 % FX - neutral NSR + 45.1 % • EBITDA + 73.0 % EBITDA margin + 158 bps to 23.3 % Net profit of TL 721 million Follow 12th August live event 2Q21 Results Webcast ; 16:00 Istanbul 14:00 London 09:00 New York Click here to access webcast Burak Basarir , CEO of Coca - Cola Icecek , commented : Following successful results in the first quarter of 2021 , our business momentum continued to accelerate in 2Q21 . Despite the challenges caused by lock downs and restricted mobility especially in the April- May period , we delivered successful results . CCI performance was broad based among all our markets . We continued profitable growth through our solid core portfolio , focused marketing campaigns , segmented execution and expanded utilization of digital tools . We were also able to expand our profitability margins thanks to disciplined cost management and prudent financial risk strategies despite the challenging pandemic environment . Our sales volume growth was solid in all our markets without any exception led by sparkling beverages , energy and iced tea . Since we experienced the most severe impact of Covid - 19 pandemic in the second quarter of the last year , cycling a low base also contributed to the remarkable sales volume growth in 2Q21 . In Turkey we registered 18 % volume growth despite the continued restrictions on the on - premise channel and general curfews in the first two months of the quarter . This was achieved by adapting to evolving consumer preferences and supporting them at various home occasions with our diverse brand portfolio . Our international operations recorded 21 % volume growth . Pakistan delivered a solid 20 % volume growth , further advancing its leadership in the CSD category with effective discount management , expanding outlet reach , segmented and regional offerings and improved route to market capabilities . Central Asia and Middle East operations also performed well with double digit sales volume growth in the quarter . The Covid - 19 pandemic initiated a fast - forward digitalization in all sectors while consumers ' preferences started to change permanently . We are happy to be leading this change and adapting to it quickly . We re - directed our marketing focus on the home occasions and adopted to the evolving consumer trends . We prioritized the multiple Immediate Consumption ( " IC " ) packages in various occasions at home . With that we were able to offset the negative effects of on - premise channels ' closure and increased the share of IC package consumption at traditional , modern and discount channels . On top of that , we have increased visibility and availability of our products at digital channels and e - commerce significantly . Disciplined price increases , our lean operating model , frugal OpEx mindset and SKU prioritization enabled us to deliver once again in line with our quality growth algorithm . Our net sales revenue per unit case grew by 21 % on FX neutral basis and EBITDA margin expanded by 158 bps in the second quarter . Looking ahead we will be cycling a very strong 3rd and 4th quarter performance in the environment of continuing uncertainty due to emergence of new COVID variants and their impact on the business . Nevertheless , encouraged by the solid performance of our business in the first two quarters , we revise our full year guidance on volume from 4-6 % growth to high single digit growth and our consolidated FX neutral NSR growth from high teens to low to mid - twenties on the back of accelerating business momentum across our markets . We reiterate our profitability guidance as it is , in consideration of the cost pressure , particularly , commodity prices , and already very tight OpEx management . On another front , we signed the share purchase agreement for the acquisition of Coca - Cola Bottlers Uzbekistan at 6th August 2021. We are very pleased to be the winner of this tender process . We are very excited to have the opportunity to become the majority shareholder of CCBU . We see this transaction as an important step in CCI's history , expanding our footprint and strengthening our position in the Central Asia with a potential to create further expansion opportunities within the Coca - Cola System . We strongly believe in the tremendous growth potential that the Uzbek soft drinks market possesses for sustainable profitable growth in the short- to mid - term in line with our quality growth algorithm . As we registered double digit volume and EBITDA growth with expanding margins in the first half of the year , going forward we will continue to rely on our strong and innovative brand portfolio , the speed and agility of our organization , the excellence in digitally enabled execution , the strength of our talent pipeline , and the long - term alignment with The Coca - Cola Company . By leveraging on our strength , we are committed to win in our markets in order to create value for our stakeholders . I want to thank our people for being motivated , resilient , and agile in our journey to be the best digitally enabled FMCG execution player in our geographies . CONFIDENTIAL 1