#1THE Coca-Cola COMPANY ESG INVESTOR EVENT November 3, 2021 NABLE C RETORNA SIN AZUC CocaCo 2.0 Litros RETORN SIN AZÚCAR Coca-Cola SINC RETORNABLE Coca-Cola ELIGE RETORNABLES Y AYUDA A CUIDAR EL MEDIO AMBI RE BEA PEREZ CHIEF COMMUNICATIONS, SUSTAINABILITY AND STRATEGIC PARTNERSHIPS OFFICER HENRIQUE BRAUN PRESIDENT, LATIN AMERICA OPERATING UNIT CALOO Diet Coke 12 FL OZ 355 m SINGLE-STREAM RECYCLE LANDFILL#2THE Coca-Cola COMPANY COCA-COLA TEAM HERE TODAY Bea Perez Chief Communications, Sustainability & Strategic Partnerships Officer The All Americ CocaCola Tim Leveridge Vice President of Investor Relations, Financial Planning and Analysis Mark Preisinger Director, Corporate Governance Henrique Braun President, Latin America OU Zoltan Syposs Chief Quality, Safety & Environment Officer Michael Goltzman Vice President, Global Public Policy & Sustainability 2#3FORWARD-LOOKING STATEMENTS This presentation may contain statements, estimates or projections that constitute "forward-looking statements" as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend," "estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause The Coca-Cola Company's actual results to differ materially from its historical experience and our present expectations or projections. These risks include, but are not limited to, the negative impacts of, and continuing uncertainties associated with the scope, severity and duration of the global COVID-19 pandemic and any resurgences of the pandemic, including the number of people contracting the virus, the impact of shelter-in-place and social distancing requirements, the impact of governmental actions across the globe to contain the virus, vaccine availability, rates of vaccination, the effectiveness of vaccines against existing and new variants of the virus, governmental or other vaccine mandates and potential associated business and supply chain disruptions, and the substance and pace of the post-pandemic economic recovery; an inability to realize the economic benefits from our productivity initiatives, including our reorganization and related strategic realignment initiatives; an inability to attract or retain a highly skilled and diverse workforce; increased competition; an inability to renew collective bargaining agreements on satisfactory terms, or we or our bottling partners experience strikes, work stoppages, labor shortages or labor unrest; an inability to be successful in our innovation activities; changes in the retail landscape or the loss of key retail or foodservice customers; an inability to expand operations in emerging and developing markets; increased cost, disruption of supply or shortage of energy or fuel; increased cost, disruption of supply or shortage of ingredients, other raw materials, packaging materials, aluminum cans and other containers; an inability to successfully manage new product launches; obesity and other health-related concerns; evolving consumer product and shopping preferences; product safety and quality concerns; perceived negative health consequences of certain ingredients, such as non-nutritive sweeteners and biotechnology-derived substances, and of other substances present in our beverage products or packaging materials; damage to our brand image, corporate reputation and social license to operate from negative publicity, whether or not warranted, concerning product safety or quality, workplace and human rights, obesity or other issues; an inability to maintain good relationships with our bottling partners; deterioration in our bottling partners' financial condition; an inability to successfully integrate and manage consolidated bottling operations or other acquired businesses or brands; an inability to successfully manage our refranchising activities; increases in income tax rates, changes in income tax laws or the unfavorable resolution of tax matters, including the outcome of our ongoing tax dispute or any related disputes with the U.S. Internal Revenue Service ("IRS"); the possibility that the assumptions used to calculate our estimated aggregate incremental tax and interest liability related to the potential unfavorable outcome of the ongoing tax dispute with the IRS could significantly change; increased or new indirect taxes in the United States and throughout the world; changes in laws and regulations relating to beverage containers and packaging; significant additional labeling or warning requirements or limitations on the marketing or sale of our products; litigation or legal proceedings; conducting business in markets with high-risk legal compliance environments; failure to adequately protect, or disputes relating to, trademarks, formulae and other intellectual property rights; changes in, or failure to comply with, the laws and regulations applicable to our products or our business operations; fluctuations in foreign currency exchange rates; interest rate increases; unfavorable general economic conditions in the United States and international markets; an inability to achieve our overall long-term growth objectives; default by or failure of one or more of our counterparty financial institutions; impairment charges; failure to realize a significant portion of the anticipated benefits of our strategic relationship with Monster Beverage Corporation; an inability to protect our information systems against service interruption, misappropriation of data or breaches of security; failure to comply with personal data protection and privacy laws; failure to digitize the Coca-Cola system; failure by our third-party service providers and business partners to satisfactorily fulfill their commitments and responsibilities; increasing concerns about the environmental impact of plastic bottles and other plastic packaging materials; water scarcity and poor quality; increased demand for food products and decreased agricultural productivity; climate change and legal or regulatory responses thereto; adverse weather conditions; and other risks discussed in our filings with the Securities and Exchange Commission (the "SEC"), including our Annual Report on Form 10-K for the year ended December 31, 2020 and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward- looking statements. M#4KEY THEMES FOR TODAY ESG FOUNDATION AND JOURNEY REALIZING SUSTAINABILITY STRATEGY IN LATIN AMERICA A#5THE Coca-Cola COMPANY ESG FOUNDATION AND JOURNEY WE HAVE ACHIEVED MANY MILESTONES DURING OUR ESG JOURNEY The Coca-Cola Company First Sustainability Report Chief Sustainability Officer Role Created ت Achieved 2020 Water Target CO Set Science- Based Target² 25% DIYH1 Carbon Footprint Reduction Target 1st Combined Business & Sustainability Report Refresh the World. Make a Difference. Coca-Cola Co Business & ESG Report 2030 Water Strategy 2002 2005 2011 2012 2013 2015 2016 2018 2019 2020 2021 ✓ CDP CLIMATE GRI Empowering Sustainable Decisions EY Limited metrics assurance SUSTAINABLE DEVELOPMENT GOALS T CDP WATER | CLIMATE 1 Drink in your Hand; 225% absolute GHG emissions reduction by 2030 M a TCFD TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES Delivered 5by20 Goal U.S. Equal Employment Opportunity Commission SUSTAINABILIT ACCOUNTING SU SASB STANDAR BOARD CDP WATER | CLIMATE | FORESTS 5#6THE Coca-Cola COMPANY ESG STRATEGY AND DRIVING GROWTH OUR GOALS ARE INTERCONNECTED PRIORITIES WATER CURRENT GOALS • 100%+ global replenishment of direct water use • • Advanced water efficiency improvements in water-stressed contexts PACKAGING • 2025: 100% of our packaging recyclable; 3 million metric tons non- renewable virgin plastic reduction • 2030: 100% collection; At least 50% recycled material CLIMATE AGRICULTURE 88 DIVERSITY, EQUITY & INCLUSION 0 titi HUMAN RIGHTS • 2030: Science-Based Target, to reduce absolute GHG emissions 25% by 2030 • 2050: Ambition to achieve net-zero carbon emissions • 100% of 12 priority ingredients sustainably sourced • Aspirational goals: " Mirror the markets we serve ■ 50% led by women globally by 2030 ■ US employee population aligns with census data by race and ethnicity by 2030 • 98% of our company locations and system bottlers and 95% of our direct and authorized suppliers to validate compliance with our Human Rights Policy and our Supplier Guiding Principles by end of 2021 6#7THE Coca-Cola COMPANY ESG STRATEGY AND DRIVING GROWTH OUR INCREASED CLIMATE AMBITION IS SUPPORTED BY OUR ESG PILLARS CLIMATE GOALS REDUCING EMISSIONS AND BUILDING RESILIENCE ACROSS VALUE CHAIN 2020 GOAL ACHIEVED Our "drink in your hand” goal, to reduce relative carbon emissions by 25% by 2020 against a 2010 baseline-achieved on target 2030 IN PROGRESS Our 2030 Science-Based Target, to reduce absolute GHG emissions 25% by 2030 2050 PLAN IN DEVELOPMENT Ambition to achieve net-zero carbon emissions by 2050 ESTIMATED SHARE OF CARBON EMISSIONS Coca-Co INGREDIENTS PACKAGING MANUFACTURING DISTRIBUTION COOLING & DISPENSING 20-25% 25-30% 10-15% 5-10% 30-35% 7#8KEY THEMES FOR TODAY ESG FOUNDATION AND JOURNEY REALIZING SUSTAINABILITY STRATEGY IN LATIN AMERICA 8#9THE Coca-Cola COMPANY REALIZING SUSTAINABILITY STRATEGY IN LATIN AMERICA REFILLABLES ARE A KEY GROWTH DRIVER REFILLABLES DRIVE BUSINESS GROWTH $ Accessible Across Income Levels Builds Consumer Loyalty REFILLABLES SUPPORT WORLD WITHOUT WASTE GOALS REFILLABLES RESULTS Attracts Environmentally Conscious Consumers ос Lower Environmental Impact Strengthens Stakeholder Impact Promotes Circular Economy 27% Share of sales for Latin America in 2020 +5.7% Volume growth for Single-serve refillables (YTD 2021) 58% Consumers seeing Coca-Cola as committed to the environment due to refillables* *Source: 2020 Bain study in Brazil; Refillable packaging is designed to be refilled with the same or similar product and is capable of being used repeatedly without impairing its protective function. 6#10THE Coca-Cola COMPANY REALIZING SUSTAINABILITY STRATEGY IN LATIN AMERICA UNIVERSAL BOTTLE – A REUSABLE BOTTLE DESIGN FOR MULTIPLE BRANDS - UNIVERSAL BOTTLE CONCEPT Used Across our 1 Sparkling and Stills Portfolios Developed in 2 Collaboration with our Bottlers 3 Bottling Partners Investing in Expansion Valle FRUT . BETORNABLE 25 UNIVERSAL BOTTLE BENEFITS • Reduces amount of plastic bottles • • Less GHG emissions and less water used associated with packaging production process Affordable and provides consumers flexibility Drives efficiency in logistics, capital investments and storage and creates consumer loyalty 10#11THE Coca-Cola COMPANY REALIZING SUSTAINABILITY STRATEGY IN LATIN AMERICA LATAM WORLD WITHOUT WASTE EFFORTS BRING OUR STRATEGY TO LIFE DESIGN WWW PILLARS u COLLECT AND PARTNER - ciel ACTIONS • Offering bottles made of 100% recycled PET (excluding caps and labels) in six markets in Latin America The Coca-Cola Honduras and El Salvador operations already have 50% recycled resin in their entire PET portfolio Large-scale PET collection and recycling initiatives promoted by Coca-Cola Latin America in alliance and co-investment (50% / 50%) with our bottling partners Announced $500 million investment in infrastructure development and employment creation, focusing on waste collection and recycling#12THE Coca-Cola COMPANY REALIZING SUSTAINABILITY STRATEGY IN LATIN AMERICA WE ARE MAKING PROGRESS ON OUR ESG GOALS AND DRIVING GROWTH We are making progress against our ESG agenda RETORNABLE C ETORNABLE SIN AZÚCAR Coca-Cola SIN AZÚCAR Coca-Cola ORIAS Our ESG strategy is integrated and connected to climate The growth of refillables is driving our business forward RETORNABLE RETORNABLE RECICLAJE Y REUTILIZACION HOGAR Coca-Cola ELIGE RETORNABLES Y AYUDA A CUIDAR EL MEDIO AMBIENTE ESTE CANASTELD ETA HECHO DE RESIDUOS PLÁSTICOS DE COCA-COLA, ES 100% RECICLADO Reciclado y Fabricado por comberplast RE 12#13THE Coca-Cola COMPANY CLOSING COMMENTS QUESTIONS THANK YOU