#1Investor Presentation May 2022 CCI ORİJİNAL TAT Coca-Cola Coca-Cola YENI ZERO SUGAR TAT SIFIR ŞEKER#2Forward-Looking Statements This presentation includes forward-looking statements including, but not limited to, statements regarding Coca-Cola İçecek's ("CCI") plans, objectives, expectations and intentions and other statements that are not historical facts. Forward-looking statements can generally be identified by the use of words such as "may," "will," "expect," "intend," "estimate," "anticipate,” “plan,” “target," "believe" or other words of similar meaning. These forward- looking statements reflect the current views and assumptions of management and are inherently subject to significant business, economic and other risks and uncertainties. Although management believes the expectations reflected in the forward-looking statements are reasonable, at this time, you should not place undue reliance on such forward-looking statements. Important factors that could cause actual results to differ materially from CCI's expectations include, without limitation: changes in CCI's relationship with The Coca-Cola Company and its exercise of its rights under our bottler's agreements; CCI's ability to maintain and improve its competitive position in its markets; CCI's ability to obtain raw materials and packaging materials at reasonable prices; changes in CCI's relationship with its significant shareholders; the level of demand for its products in its markets; fluctuations in the value of the Turkish Lira or the level of inflation in Turkey; other changes in the political or economic environment in Turkey or CCI's other markets; adverse weather conditions during the summer months; changes in the level of tourism in Turkey; CCI's ability to successfully implement its strategy; and other factors. Should any of these risks and uncertainties materialize or should any of management's underlying assumptions prove to be incorrect, CCI's actual results from operations or financial conditions could differ materially from those described herein as anticipated, believed, estimated or expected. Forward-looking statements speak only as of this date and CCI has no obligation to update those statements to reflect changes that JUNE occur after that date. PUBLIC 2#3Overview Of CCI CCI#4Key Investment Highlights Investor CCI Presentation Excellent brand portfolio that we continue to innovate Vast potential of our operating markets that offer NARTD growth opportunity Ecosystem of digital and physical capabilities. that leads to improved employee, consumer and customer experience Great people and excellent execution that helps accelerating quality growth Resilient business with proven track record with expansion & growth in emerging markets Disciplined financial management that lead the way to increasing shareholder value Strong system alignment that is improving everyday with TCCC Commitment to ESG to build a responsible & sustainable business 4#5A Multinational Beverage Company... AAA опопо √1% Investor Presentation CCI 11 ~430MN 30 146 ~870 1.4BN 1.8BN $2.5BN $526MN Countries People Production Plants Lines Thousand Sales Points UC Sales Volume UC(1) Annual Production Capacity Revenue EBITDA Volume 10% 8% Revenue 24% 40% EBITDA 32% Kazakhstan Uzbekistan Kyrgyzstan Azerbaijan Turkey Turkmenistan Tajikistan 28% 12% 42% 16% 20% 68% Sparkling Market Position Turkey #1 Turkey Turkey Kazakhstan Kazakhstan International #1 Jordan Pakistan Pakistan #1 Iraq Others #2 Others Syria Iraq Figures reflect FY21 numbers (1) Unit case, 1 UC equals 5.678 liters. Production plant and capacity figures represent most recent numbers. Pakistan 5#6With a Successful Track Record of Growth Volume 10% 4x CAGR 2005 - 2021 Revenue 1920x 18% CAGR 2005 - 2021 EBITDA 22x 21% CAGR 2005 - 2021 Azerbaijan Turkey Syria rag Jordan Kazakhstan Investor Presentation Uzbekistan Kyrgyzstan Turkmenistan Tajikistan Pakistan \CCI Uzbekistan 1,376 MN UC TODAY A regional bottler... 318 MN UC 2005 Single 2006 - 2007 2008 2012 2021 Central Asia JV South country and North Iraq Pakistan Iraq 6#7Resulting In a Rising Performance Sustainable Growth y/y% 16.2% Solid Free Cash Flow (TL million) Investor Presentation \CCI y/y% 21.8% 21.3% 19.0% 17.6% 2021: Record high free cash flow 52% +9.5% 49% +48.7% 36% 38% VOLUME NSR EBITDA EBITDA MARGIN 18% 17% 21% 26% 27% السر الليلية -0.3% 642 729 727 1,081 1,967 2,154 -37 2021 16% 19% 20% 15% 6% 4% 0% -2% 2017 2018* 2019 2020 2021 Cumulative 2016 2017 2018 2019 2020 2005-15 13% CAGR (2005-16) *Includes TFRS 15 adjustments 7#8...With The Right Focus Right Price Regional Strategies • Effective discount and $ trade promotion management NSR > PCE growth Right Portfolio • Portfolio expansion • Portfolio innovation Portfolio diversification لعملات PASSION PUNCH SE- BURN NERGY DRINK KRESIE KALI Coca-Cola +COFFEE Right Mix ⚫IC Portfolio Availability • Optimum price/pack architecture IC SHARE 1 6 pts in Turkey (2019 vs 2014 YE) Right Channel • Channel prioritization • Clear channel roles & objectives Segmented execution fusetea Ice Tea FANTA FANTA ca-Cola Coca-Cola RIJINAL TAT DAHA AZ KALORİ ZERO SUGAR FIR SEKER Lime Coca-Cola ZERO SUGAR PLAVDs SIFIR ŞEKER FIRANLATAN Sprite LIMON AROWALA Piko fuse Cappy ATM Schwepp 1783 POWER ADE 2.00 +50 pate Coca-Cola Coca-Cola Coca-Cola Jan FANTA Sprite damla MONSTER ENERGY Investor Presentation \CCI 8#91Q22 Performance CCI#10Strong Momentum in Turbulent Times Investor Presentation VOLUME (UC) # OF TRANSACTIONS IC SHARE NET SALES REVENUE (TL) EBITDA (TL) NET INCOME(TL) DE 2 も も 332 million 2.5 billion 28% 8.7 1.8 billion billion 630 million +18.2% * y/y +23.6% y/y +325 bps +131.2% y/y* +135.2% y/y* +56.2% y/y Limited commodity price impact on P&L after hedging (*) Volume: +10.5%, NSR: +111.3%, EBITDA: +116.5% on an organic basis On-premise and IC share recovery continued CCI 2030 pledges announced towards a more sustainable business model 4#11Double Digit Growth Across All Categories 1Q22 y/y growth FANT FAN 20050 FANTA Coca-Cola BITTER LEMON TONIC WATER weppes Coca-Coloca-Collepp ZERO SU ORIJINAL TAT Coca-Cola DRINAL TAT DAHA AZ KALORI Schwepp 1783 83 weppes Schweppe 1783 3 YLATAN prite AROMAL GAZO LEILEDE FEHK FAIR KEM 812 CINKO DESTEK ON THE SPORTS POWER DE Sprite SIFIR ŞEKER m MONSTER etea FTALI ICECEK Ice Tea etea NAL ICECER Ice Tea app Jongucu ve Renklendi RIN GINSE 100 Caxotuse ELMA, SEFTALI SI ME SEB TMANI MEN PORTAKAL AROMALICEONSTER ENERGY damla damla Doğal Kaynak Suyu pimob damla damid minera damla minera Sparkling 80% Share in total portfolio Stills 8% Share in total portfolio Water 12% Share in total portfolio +16.0%* +27.0%* (*) Sparkling +6.9%, Still +25.1%, Water +26.3% an organic basis +28.0%* Investor Presentation Channel Development Home Channel On-Premise Channel +21.9% +4.9% CCI IC Share 26.8% 23.7% +30.0% 1Q21 1Q22 1Q21 -5.3% 1Q22 1021 1Q22 3.1 pp improvement in 1Q22 IC Share Still below 31% of Pre-Pandemic The highest improvement was in Turkey UT 5#12Turkey: Continued Recovery in IC Accompanied by Higher NSR/uc 1Q22 y/y growth FANT FANT BITTER LEMON HOON TONIC WATER weppes Coca-Coloca-Collweppes m ZERO SUGAR ORIJINAL TAT SPIN GENER DAHA AZ KALORI 1783 783 LATAN prite Sparkling 66% Share in total portfolio AROMAD GAZOZ SIFIR ŞEKER LEILEDE FEHK FAIR KEM 812 CINKO DESTEK ON THE SPORTS POWER DE m MONSTER etea FTALI Ice Tea etea Ice Tea app Jongucu ve Renklendi RIN GINSE 100 Caxotuse NAL ICECER ELMA, SEFTALI SI ME SEB ICECEK TMANI MEN PORTAKAL AROMALICEONSTER ENERGY Stills 14% damla damla Doğal Kaynak Suyu pimob damla damid minera Water 21% damla minera % Investor Presentation CCI Sales Volume MUC Net Sales Revenue mTL EBITDA (exc. other) mTL +2.2% +11.8% +32.8% +89.3% +50.2% +142.6% 114 122 1,558 2,949 181 439 Share in total portfolio Share in total portfolio 1Q21 1Q22 1Q21 1Q22 1Q21 1Q22 -7.3% +27.0% 37% +26.5% Share of Volume in total CCI Highest ever sales volume* Quality Growth Algorithm delivered in 1Q22 EBITDA growth led by strong top-line growth and operational efficiency * Excluding non-ready to drink tea 6#13International: Solid Growth Across All Categories & Channels 1Q22 y/y growth FANT FANT BITTER LEMON HOON TONIC WATER weppes Coca-Coloca-Collweppes m ZERO SUGAR ORIJINAL TAT SPIN GENER DAHA AZ KALORI 1783 783 LATAN prite AROMAD GAZOZ SIFIR ŞEKER LEILEDE FEHK FAIR KEM 812 CINKO DESTEK ON THE SPORTS POWER DE m MONSTER etea FTALI Ice Tea etea Ice Tea app Jongucu ve Renklendi RIN GINSE 100 Caxotuse NAL ICECER ELMA, SEFTALI SI ME SEB ICECEK TMANI MEN PORTAKAL AROMALICEONSTER ENERGY Sparkling 88% Share in total portfolio +30.1%* 63% Stills 5% Share in total portfolio +27.0%* Share of Volume in total CCI (*) Sparkling +15.5%, Still +21.9%, Water +26.0% on an organic basis damla damla Doğal Kaynak Suyu pimob damla Water 7% damid minera damla minera Sales Volume ** MUC % Net Sales Revenue mTL +30.0% +51.3% +22.6% Investor Presentation CCI ** EBITDA (exc. other) ** +161.6% MTL +106.3% +132.2% 161 210 2,193 5,736 532 1,235 Share in total portfolio 1Q21 1Q22 1Q21 1Q22 1Q21 1Q22 +30.6%* Accelerated volume momentum Improving channel and package mix FX neutral NSR growth of 63.4% (**) Volume: +16.7%, NSR: +127.6%, EBITDA (Exc. other): +105.4% on an organic basis 7#14Strong Performance Delivered in Key Markets 1Q22 y/y growth AAA Volume +20.0% Investor Presentation CCI AAA Volume +15.5% E Pakistan 29% Share of Volume in total CCI Transactions +20.1% Double digit growth in all categories Sparkling In 1Q22 + 20% Stills In 1Q22 + 61% Cycling 41% volume growth in 1Q21 • Increased outlet penetration • Islamabad plant started production Kazakhstan 14% Share of Volume in total CCI Transactions +19.3% Solid performance despite challenges Sparkling In 1Q22 + 12% Stills In 1Q22 + 19% • Double digit growth in all categories • Timely price adjustments continued • Higher penetration at e-commerce PUBLIC 8#15Sound Operational Performance in Iraq & Uzbekistan 1Q22 y/y growth Investor Presentation CCI الله اكبر Iraq 7% Share of Volume in total CCI AAA Volume +8.4% Transactions +23.2% Continued Value Focus Sparkling In 1Q22 +11% • Strong volume growth despite fierce competition • IC pack focus on water category continued • Regional plans will be accelerated Uzbekistan 7% Share of Volume in total CCI AAA E Volume 22 MUC Transactions 124 mln Strong Volume Performance Proforma volume growth in 1Q22 +30% • RTM and perfect execution plans are in progress • Sound growth prospects in NARTD market • Sparkling consists of 96% of total portfolio PUBLIC 9#16Summary Financials: Quality Growth Algorithm Maintained Despite Challenges Investor Presentation NET SALES REVENUE も TL 8.7 billion 80 000 880 Up 131.2% in 1Q22* Strong volume monentum Timely price adjustments Better package&channel mix (*) NSR: +111.3% on an organic basis EBITDA TL 1.8 billion Up 135.2% in 1Q22* EBITDA margin @20.7% in 1Q22 Up by 35bps y/y (*) EBITDA: +116.5% on an organic basis も Ł GROSS PROFIT TL 2.8 billion Up 124.5% in 1Q22* Gross margin @32.8% in 1Q22 (*) Gross profit: +106.3% on an organic basis NET INCOME TL 630 million Up 56.2% in 1Q22* Sound performance despite higher financial expenses (*) Net Profit: +30.6% on an organic basis \CCI higher cost base of raw materials 12#17Persistent Supply Chain Challenges Mitigated by Solid NSR/uc Growth Consolidated (TL), FX-Neutral y/y Growth +47.1% Investor Presentation +47.9% +45.2% 19.6 1Q22 Net Sales Revenue per UC* 13.3 13.1 8.8 3.9 2.7 1Q21 1Q22 1Q21 1Q22 1Q21 COGS per UC* EBITDA per UC \CCI 13#18Price Increases, Effective RGM and Frugal Opex as Main Tools to Navigate Inflationary Environment EBIT Development mTL 1,714 Investor Presentation 488 1,051 -1,855 -411 \CCI 341 1,328 109 Inorganic impact 1,219 1Q21 EBIT Volume Pricing COGS OpEx & Mix FX Effect 1Q22 EBIT 14#19Balance Sheet & Risk Management CCI#20Disciplined Financial Management with Healthy Debt Structure 94% Fixed interest Debt Profile OTHER 2% TRY 9% EUR 6% Net Leverage - significant headroom under covenants $1b USD 83% Cash Profile OTHER 19% USD 70% TRY 11% $572m Net Debt/EBITDA <3.25x 1.1x 1.2x 0.5x 1Q21 4Q21 1Q22 Net FX Position(*) MUSD Healthy maturity structure - 949 97 Investor Presentation \CCI 727 -126 FX Debt FX Cash Net Investment Hedge Net FX Position 14% 15% 23% 48% '22 '23 '24 '29 Average Maturity: 4.3 yrs 15#21Solid Hedging Position Against Ongoing Cost Pressures Balanced Cost Base COST OF SALES Proactive Risk Policy 2022 HEDGING RATES Investor Presentation \CCI 20% Overhead SUGAR ALUMINIUM RESIN 20% Sugar 87% 80% 84% 30% Packaging 30% Concentrate - 13 Al 16#224Q21&FY21 Performance CCI#232021 in Review Investor Presentation \CCI Volume (UC) # of Transactions IC Share Net Sales Revenue (TL) EBITDA (TL) Net Income(TL) 69 267 million 2.0 billion 31% 5.6 billion 0.9 billion 231 million 4Q21 +17.7% y/y +19.6% y/y +523 bps +74.8% y/y* +75.7% y/y* 1,376 million 10.2 billion 27% 21.9 billion 4.7 billion FY21 +16.2% y/y** +18.7% y/y +179 bps +52.4% y/y** +48.8% y/y** 2,271 million +84.3% y/y Guidance Delivered Restarted Inorganic Growth With Discipline Second Investment Grade Rating Obtained (*) Volume: +6.8%, NSR: +59.7%, EBITDA: +51.3% on an organic basis (**) Volume: +14.2%, NSR: +49.1%, EBITDA: +44.7% on an organic basis Sustainability Agenda Integrated Into Borrowing Framework 23#24Organic Reported 2021 Volumes Investor Presentation Volume (mn UC) 2021 2020 Change 4Q21 4Q20 Change % Consolidated 1,376 1,184 16.2% 267 227 17.7% Turkey 581 512 13.5% 114 106 7.9% International 795 672 18.3% 153 121 26.3% Uzbekistan 25 25 Volume (mn UC) 2021 2020 Change 4Q21 4Q20 Change % Consolidated 1,352 1,184 14.2% 242 227 6.8% Turkey 581 512 13.5% 114 106 7.9% International 770 672 14.7% 128 121 6.0% Pakistan Kazakhstan +4.0% y/y 4Q +8.3% y/y 4Q +17.2% y/y 2021 +14.6% y/y 2021 الله اكبر Iraq +10.8% y/y 4Q +2.8% y/y 2021 CCI Uzbekistan +30.0% y/y 2021 24#25Summary Financials: Guidance Delivered Despite Challenges NET SALES REVENUE GROSS PROFIT Investor Presentation \CCI TL 21.9 billion in FY21 Up 52.4% YoY (49% organic) TL 5.6 billion in 4Q21 Up 74.8% in 4Q21 (60% organic) driven by improving product and channel mix, timely price increases and discount management NET INCOME TL 2.3 billion Up by 84.3% in FY21 Substantial FX gain of net long position TL 7.7 billion Up 52.1% in FY21 Up 70.1% in 4Q21 Gross margin @34.7% in 4Q21 ✔ Down 94 bps higher cost base of raw materials FREE CASH FLOW TL 2.2 billion 1.7% NWC/Sales Prudent capex EBITDA TL 4.7 billion > Up by 48.8% with 21.3% margin in FY21 Up by 75.7% in 4Q21 Guidance delivered CAPEX 6.0%* 32% in Turkey; 68% in Int. Operations (*) Capex/Sales 25#262022FY Guidance CCI#272022 Guidance SALES VOLUME NET SALES REVENUE *) Consolidated FX-neutral basis High Single Digit to Low Teens Growth Mid Single Digit Growth (Proforma) Flattish in Turkey High teens in International Segment (high single digit proforma) Low to Mid 40s Percentage Growth EBITDA MARGIN Flat to 100 bps Contraction NWC/SALES Low Single Digit CAPEX / SALES 8-10% Investor Presentation \CCI 18#28Strategic Priorities CCI#29Clear Strategic Framework Our Vision Be the Best FMCG Company Across our Markets Customer & Consumer Investor Presentation \CCI Being the preferred partner of our customers, offering our consumers a wide choice of products fit for every lifestyle and occasion Values PASSION ACCOUNTABILITY 888 TEAM WORK INTEGRITY CREATE VALUE Community Being a good corporate citizen People Great place to work 29#30We Take Responsibility for 2030 Sustainability roadmap 2030 Long-term sustainable value PACKAGING HUMAN RIGHTS WATER CCI CLIMATE P COMMUNITY 布 DIVERSITY BALANCED PORTFOLIO & OBPPC SUPERIOR EXECUTION SUSTAINABLE FUTURE 888 DIGITAL FOR INDUSTRY LEADERSHIP 899 A Investor CI Presentation DIVERSIFICATION THROUGH INNOVATION CCI % $ SOPHICTICATED RGM APPROACH GREAT PEOPLE & GREAT CULTURE LEAN OPERATING MODEL 10#31Strategic Priorities In Core Business to Create Value Investor Presentation \CCI 100 Accelerate "Quality" Growth Revenue Growth Management (RGM) • Expand Sparkling & Stills Increase frequency and price mix • Regional strategies and customized offerings 뒤 Be the Best in FMCG Execution Win at the Point of Sale • Increase outlet coverage • Right Execution Daily • Use of advanced data analytics • Excellent route to market capability 888 Win with Our People • Integrated Talent Strategy • Leadership Development • High Performing Team • Transformation to "OnePeople" • Keep investing in our people Digital for Industry Leadership Digital transformation • Building an ecosystem of solutions and infrastructure based on digital capabilities Win with Stakeholders • Creating value for all the stakeholders and the planet • Tracking sustainaility targets closely • Transforming to a more sustainable business model 31#32Growth Opportunities CCI#33NARTD Value Growth Opportunity INDUSTRY VALUE GROWTH +$14BN 2021-2025E 15% CAGR DALYUCU NE RENKLENDİRİCİZ fusete Ice KARPUZ AROMALI CECEN ELMIZIN ALTINDAKI MEYVE BAH Cappy AT M ALL KARIK NEVE HEKTAR MANDARIN Munciatiu Armah ION THE SPORTS POWER ADE Schwepp 3 Schuppe 1783 SCHWEPPLE BLAST 2,00 TL + 50 Kış Depozito C FANTA Portakal Aromali Gazoz ucl Cace-Cola içecek 1.3. mraniye / Isian bi. Coca-Cola Icetok mraniye / Isani Coca-Cola Coca-Cola Coca-Cola ZERO SUGAR TAT SIFIR SEKER light FERAHLATAN TAT Sprite LIMON AROMALI GAZOZ damla Doga каупак 5L04 MANGO LOCO PASSION PUNCH TOTAL NARTD INDUSTRY IN CCI COUNTRIES: $18.4BN (2021) NARTD 29% SEKERSIZ KALORISIZ SPARKLING Coca-Cola +COFFEE MONSTER BURN STILLS 18% ENERGY DRINK SERINLETEN CANLANDIRAN TAT ENERGY BREZİLYA KAHVESTİLE Source: Global Data Industry Estimates/CCI&TCCC Assumptions and CCI Internal Volume, 2021 * Sparkling, RTD Tea, Energy Drinks, Juices & Packaged Water WATER 10% 56% CCI VALUE SHARE ■ OPPORTUNITY Investor Presentation CCI 33#34More Room to Growth... YOUNG POPULATION IN CCI COUNTRIES ~58% Teen Recruitment Opportunity! Share of Immediate Consumption (IC) Packages in Sparkling 59% Investor Presentation 51% 41% 36% 27% 21% Asia Pacific America North World Average Europe, Middle East & Africa Latin America CCI Coca-Co IC Packages ~2X HIGHER NSR PER CASE¹ ~1.5X GROSS MARGIN VS. FC¹ Source: Population Statistics from UN; Shares based on Global Data Industry Estimates 1 Based on CCI analysis for Turkey operations \CCI 34#35Belgium United States of America Germany Italy Lower in CCI Countries Per Caps NARTD per cap* 1,058 992 1,203 1,514 Source: GlobalData Industry Estimates & CCI/TCCC Assumptions, 2021 NARTD includes Sparkling, RTD Tea, Energy Drinks, Juices & Packaged Water; per cap per year in terms of number of 8-ounce servings PUBLIC NARTD per cap* Bulgaria 974 Spain 973 Mexico 952 Romania 897 Greece 893 Poland 890 France 888 Canada 849 Saudi Arabia 836 Chile 748 Argentina 715 Japan 690 Australia 671 Thailand 660 United Kingdom 614 Kazakhstan 594 Netherlands 569 South Korea 523 Bolivia 491 Turkey 479 Ecuador 452 Colombia 435 South Africa 429 Russia 413 Peru 405 Iraq 388 Brazil 388 Jordan 337 China $335 Azerbaijan 311 Kyrgyzstan 292 Philippines 260 Uzbekistan 249 Indonesia 238 Nigeria 226 Morocco 206: Egypt 201 Turkmenistan 195 Vietnam 181 Pakistan 116 Tajikistan 95 India 80 CCI average 339 CCI's Share CCI Countries Kenya 77 35 Presentation Investor#36More Room To Diversify Product Portfolio Category Breakdown 8% 11% 15 % 2006 Sparkling Other 85 % 2021 Sparkling Water 82% Still Source: Source: GlobalData Industry Estimates/CCI&TCCC Assumptions and CCI Internal Volume, 2021 * Sparkling, RTD Tea, Energy Drinks, Juices & Packaged Water Share of Low/No Calorie in Sparkling Volume (2021) 27% 15% Investor Presentation CCI 9% 8% 10% 8% 6% 2% 1% 1% 1% 1% 0,5% Increasing Household Penetration Double-digit growth in No Sugar 36#37Prudent Approach to Geographical Expansion Guiding principles for geographical expansion •MANAGEMENT CONTROL & FULL CONSOLIDATION RIGHTS •REASONABLE PROXIMITY •COMPLEMENTARY MARKET DYNAMICS •ROIC > WACC . Kazakhstan Uzbekistan Azerbaijan Turkey Turkmenistan Syria Iraq Jordan . Investor Presentation \CCI Volume Breakdown Kyrgyzstan Tajikistan Turkey Pakistan 19% 2006 81% International Pakistan Kazakhstan Iraq Others 8% 10% 12% 42% 2021 28% 37#38Bolt-on Acquisition: Uzbekistan - Significant Opportunity for Investor Growth & Synergy Presentation \CCI Attractive Market Fundamentals Favorable demographics: • Most populous country in the region • Consistent and high GDP growth • Business friendly economic environment Growing NARTD market: Double digit growth in the last 3 years • Lower per vap levels Only 25% NARTD market share Path to 000 Quality Growth Alghoritm • Strong core sparkling portfolio . Untapped stills category • Low share in IC • Unlock potential with excellent execution Leading to sustainable and profitable growth UZBEKISTAN + . Solidifying CCI's Invesment Case Expanding CCI revenue base and diversification Strengthens alignment with TCCC Significant value through synergies Deepens access to Central Asian Region . Meaningful Scale • 110 million UC annual capacity • 3 plants- up and running Strong business fundamentals • Category leader in CSD • Lower share of IC packages 38#39Capital Allocation Policy CCI#40Disciplined Capital Allocation ORGANIC GROWTH INORGANIC GROWTH Investor Presentation DELEVERAGING SHAREHOLDER RETURN \CCI Optimum CapEx Allocation CapEx/Sales ~6.0% (2021) Capacity Expansion Cooler placements Maintenance Selective M&A Strategy Bolt-on acquisitions Strategic fit • Value creation ● Debt Repayment Optimum debt repayment • Solid balance sheet • Improving leverage metrics • Reasonable proximity Dividends Sustainable dividend policy Increasing payout ratio Higher dividend yield 40#41Smart Capex Management By Region Turkey By Category International 32% 68% 20% 15% Coolers Investor Presentation Infastructure Maintenance Digital 30% 35% By Year 7,3% \CCI 8,1% 6,4% on average 6,3% ....5,9%..... …... 6,0%..... 4,6% 2016 2017 2018 2019 2020 2021 41#42Pillars of Strong FCF - Improving Working Capital Efficiency Net Working Capital/NSR* Full Year 7.4% 5.7% 4.5% 4.3% -0.3% DSO 1::0 Investor CCI Presentation DSI W DPO 30 Days 47 Days 51 Days 2016 29 Days 43 Days 57 Days 2017 27 Days 48 Days 64 Days 2018 68 Days 50 Days 27 Days 2019 24 Days 42 Days 56 Days 2020 26 Days 42 Days 64 Days 1.7% 2021 Cash Conversion 2016 2017 2016 2017 2018 2019 2020 2021 Cycle 26 Days 15 Days *Net Sales Revenue 2018 12 Days 2019 9 Days 2020 10 Days 2021 4 Days 42#43FCF (TLmn) FCF Yield (%) Track record of Improving Free Cash Flow Generation Free Cash Flow and FCF Yield* -0.3% 0.1% 0.5% 11.0% 11.8% 8.2% 9.3% 9.6% 7.6% 1,967 Investor Presentation 2,153 EBITDA Growth Working Capital Efficiency 1,079 الس 727 729 642 46 10 -44 2013 2014 2015 2016 2017 2018 2019 *Free cash flow yield based on year-end market capitalization 2020 2021 Prudent CapEx \CCI 43#44Consistent dividend pay out Dividend per Share (TL per 100 shares) ○ Dividend Yield Investor Presentation \CCI CCI DIVIDEND DISTRIBUTION POLICY IS BASED ON: NET 2.1% DISTRIBUTABLE $H INCOME 2.7% 2.36 3.2% 1.97 FREE CASH 1.77 $ FLOW GENERATION 4.3% CAPEX AND OTHER FUNDING % 2.1% 1.18 0.79 0.5% 0.3% 0.12 0.2 2015 2016 2017 2018 2019 2020 2021 NEEDS FOR GROWTH PREVAILING Carl MACROECONOMIC CONDITIONS 44#45Credit Rating CCI#46Solid Credit Ratings S&P GLOBAL FITCH Issuer Rating BBB- BBB- Outlook Last revision Strengths Negative 22.12.2021 Positive 02.07.2021 Investor CCI Presentation Leading market shares in growing markets • Well-known brands • Track record of profitable growth Very low debt leverage • Positive free operating cash flow • Prudent leverage, funding, and hedging policy • Resilient consumption in key markets • Sustained operating profitability • Better GP margin and improving product mix • Healthy and strong FCF generation • Conservative Capital structure Strategic relationship with TCCC Challenges Rising risks to Turkey's economy with extreme currency volatility and rising inflation, amid mixed policy signals • Weak operating environment 46#47ESG CCI#48Shareholder Structure & Composition Of The Board of Directors Anadolu Efes Biracılık ve Malt Sanayi A.Ş. 50.3% The Coca-Cola Export Corporation 20.1% Investor Presentation Özgörkey Holding A.Ş. 1.5% Free Float and Other 28.1% CCI Composition 12 Members of BoD • 12 of whom are non-executive 4 of whom are independent \CCI Note: AG Anadolu Grubu Holding A.Ş. is the ultimate controlling party of CCI. AG Anadolu Grubu Holding A.Ş. holds 43% and Anheuser Busch InBev SA/NV holds 24% of Anadolu Efes' share capital. TCCC holds 20.1% of CCI's outstanding share capital (through TCCEC) 48#49CCI's Sustainability Journey Investor CCI Presentation 1st Environmental Policy 2002 Externally assured for ISAE 3000 (for the 1st time) Listed as Turkey's 1st food and beverage company in CDP Global Disclosure Leaders Signed the "2°C Communiqué" 2011 Became the 1st company from Turkey and within TCCS in the UNGC 100 Index Received the 1st ISO 14064-3 Certificate in Turkey for its GHG inventory Listed among Carbon Disclosure and Performance Leaders in CDP Turkey 100 Climate Change Report Received "Gender Equality Certification" from KAGİDER in Turkey 2013 Joined the "BIST 50 Sustainability Index" Joined the "Euronext Vigeo Emerging 70 Index" Signed "UN Women's Empowerment Principles" 2015 Joined "ECPI Emerging Markets ESG Equity index" Joined "Vigeo Eiris Best Emerging Markets Performers Ranking" Joined "30% Club's Turkey Chapter" as part of the Independent Women Directors Project 2017 Became a member of ERTA (Integrated Reporting Turkey Network) Joined "Business Initiative for Plastic" in Turkey 2019 2009 Ranked in the 1st place in Turkey's Accountability Rating Signed the United Nations Global Compact (UNGC) Published 1st Sustainability Report 2012 Listed among top two companies in Turkey's CDP Carbon Performance Leaders Represented Turkey in Rio+20 Conference among the best Green Economy Projects 2014 Achieved the 2nd highest score in the disclosure category of CDP Turkey Climate Leadership Awards Became 1st company from Turkey in the CDP 2016 Joined the "BIST 100 Sustainability Index" Joined "MSCI Global Sustainability Index" Joined "FTSE4Good Emerging Index" Listed among "Turkey's CDP Climate Change Leaders" 2018 Externally assured Turkey Operations' waste data Updated "Workplace Rights Policy" as "Human Rights Policy" Received LEED Gold Certificate for CCI Dudullu HQ 2020 Only company from Turkey and within TCCS in the UNGC 100 Index (since 2013) Among the co-founders of the Collect and Recycle Alliance (CORE) in Pakistan Signed LEAD Network CEO Pledge Joined "Buyers Supporting VIVE" Issued first Integrated Report among FMCG players in Turkey 49#50ESG Organisation in CCI CEO Executive Committee Environmental and Social Sustainability Committee Emission Reduction Task Group Water Management Task Group Sustainable Packaging Task Group Hand in Hand Environment Committee Board of Directors Corporate Governance Committee Occupational Health and Safety Committee Diversity and Inclusion Advisory Committee Investor CCI Presentation Audit Committee Committee for Early Detection of Risk Information Ethics and Compliance Committee Risk Committee Investment Committee Security Steering Committee Group Location Based Health Health and Culture Gender Generations and Safety Committees Safety Committee Group Ethics Committees Country Ethics Committees Data Privacy Committee 50#51Our Focus & Sustainable Development Goals 6 CLEAN WATER AND SANITATION 13 CLIMATE ACTION 3 GOOD HEALTH AND WELL-BEING CONSUMER CUSTOMER WELL-BEING VALUE 12 RESPONSIBLE CONSUMPTION AND PRODUCTION QO CUSTOMER & CONSUMER FOOTPRINT Investor Presentation 7 AFFORDABLE AND CLEAN ENERGY 12 RESPONSIBLE CONSUMPTION AND PRODUCTION QO 15 LIFE ON LAND 17 PARTNERSHIPS FOR THE GOALS ENVIRON- MENTAL FOOT- PRINT CREATE VALUE HUMAN RIGHTS 5 GENDER EQUALITY 8 DECENT WORK AND ECONOMIC GROWTH M 17 PARTNERSHIPS FOR THE GOALS 1 NO POVERTY 4 QUALITY EDUCATION ****‹† | Uİ 5 GENDER EQUALITY 6 CLEAN WATER AND SANITATION 17 PARTNERSHIPS FOR THE GOALS COMMUNITY PEOPLE COMMUNITY DEVELOPMENT HUMAN CAPITAL 8 DECENT WORK AND ECONOMIC GROWTH M \CCI 51#52Environmental Footprint ENERGY MANAGEMENT & CLIMATE PROTECTION Production Core Energy Usage Ratio (MJ/L) (2020) TCCC Average: 0,39 MJ/L 0.25 Turkey Jordan 0.63 0.56 0.42 0.41 0.43 0.44 0.28 ··0:31……………. Kazakhstan Azerbaijan Pakistan Kyrgyzstan Tajikistan Turkmenistan Iraq Investor CCI Presentation Transport & Distribution "Route Optimization Project" Road Net program reduced mileage travelled by 1.35 million kilometers, leading approximately to 1,400 tons of less GHG emissions and a fuel savings of $650K every year since 2016 Cooling Practices By using cold drink equipment with Energy Management Device (EMD), we can reduce energy consumption up to 42%. The total ratio of cold drink equipment with EMD within our operations in seven countries rose to 54% in 2020. Logistics improvements 2 kilotons of CO2 emissions avoided in 9 countries since 2009, equaling to the amount of CO2 emissions that 170 million trees absorb from the atmosphere. Cooler emission reductions Smarter use of technology Returnable glass bottles practices Electricity Forklifts 52#53Environmental Footprint CORE ENERGY USE RATIO (MJ/L) 0% -75% -4% -42% -39% -12% -5% -23% Investor Presentation \CCI 0,39 0,39 0,26 0,25 2018 2020 TCCC 2006 2020 Turkey 1,12 0,28 2006 ► 2020 Jordan 0,72 0,42 2006 ► 2020 Kazakhstan 0,67 0,41 0,31 0,43 0,46 0,44 0,56 0,63 2006 2020 Azerbaijan 2016 2020 Pakistan 2016 2020 2019 2020 Kyrgyzstan Tajikistan 2020 Turkmenistan 2020 Iraq 53#54Turkey Jordan Water Management SAVE & REDUCE Water Savings Across CCI (m³) 1,652,967 1,548,905 1,420,312 985,785 654,000 177,000 Water Usage Ratio (L/L) TCCC Average 1.85 L/L Kazakhstan 2015 2016 2017 2018 2019 2020 1,45 1,46 1,51 1,64 2,09 1,68 2,26 2,62 1,92 Azerbaijan Pakistan Kyrgyzstan Tajikistan Turkmenistan Iraq REUSE We recycle and reuse 448,819 m³ of the water in our production processes REPLENISH We replenished 12 bn liters of water on 50 mn m² of agricultural land Life Plus Environment Program: Recycled and Reused Water (000 m³) 1,45 1,46 1,64 2,09 1,68 2,26 2015 2016 2017 2018 2019 2020 . • Agriculture of the Future Project Harran Night Irrigation Project *Reflecting 9 countries of operation within 54 the scope of Integrated Report Investor CCI Presentation#55Water Management CORE ENERGY USE RATIO (MJ/L) -28% -22% -17% -58% -29% +1% -11% -1% Investor Presentation CCI 2,56 1,85 1,74 1,45 3,44 1,46 2,1 1,51 2,1 1,64 2 2,09 1,88 1,68 2,28 2,26 2,62 1,92 2006 2020 2006 2020 TCCC Turkey 2006 2020 Jordan 2006 2020 Kazakhstan 2006 2020 2016 2020 2016 2020 2019 2020 Azerbaijan Pakistan Kyrgyzstan Tajikistan 2020 Turkmenistan 2020 Iraq 55#56Sustainable Packaging Investor CCI Presentation REDUCE PET and Glass Lightweight Implementing lightweight programs since 2010 in Turkey, Kazakhstan, Azerbaijan and Kyrgyzstan 145 tons of resin and 232 tons of glass and 100 tons of carton is saved with our lightweight practices in 2020 Packaging Weight Reductions in Turkey (%) 2009 2019 -15.4% -9.5% -11.8% -8.2% -26.1% REUSE Returnable Glass Bottles Glass bottles can be used up to 8 times In 2020, 96K tons of CO2 was avoided via returnable glass bottle practices This equals to the amount absorbed by ~5.6 million trees RENEW r-PET (Recycled PET) Tests started in 2018 3 phases of testing completed at all plants in Turkey Planning to increase current r-PET ratio of c.10% In 2020, we used 25% content r-PET in 32% of our total volume Working to develop and increase r-PET supplier capacity in CCI countries RECYCLE Post-Consumer Material Collection Cross functional Recycling Task Force established in Turkey Pakistan and Central Asia Teaming up with TCCC, local communities, NGOs, industry peers and consumers Authorized business partner, Çevko (Green Dot) Foundation Post-consumer packaging recycling rate (Turkey) 37% 38% 40% 42% 44% 48% 52% 54% 54% 54% 54% 450/500 ml Packaging 1 It Packaging 1.5 It 2.5 It Packaging Sprite 5 It Damla 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 56#57Community WOMEN EMPOWERMENT YOUTH EMPOWERMENT Investor Presentation \CCI We have been a signatory to the UN Women's Empowerment Principles (WEP) since 2015 My Sister Program Trained c.32,000 women and 500 refugees in Turkey AWARDS OF MY SISTER PROJECT IN 2019 • Golden Compass (Altın pusula) CSR-Education Category • 11th Global CSR Awards Empowerment of Woman. • Communitas Awards Excellence in Corporate Social Responsibility The International CSR Excellence Awards Corporate Social Responsibility • Best Business Awards Best CSR • IPRA Golden World Awards Corporate Communicatioans The Coca-Cola Belestery Program Trained more than 2,000 women in Kazakhstan to improve their business skills UNDP Women's Empowerment Program trained more than 1,500 women in Azerbaijan since 2017 ~60% of the population in CCI geography is below 30 years of age Investing in our geographical regions' young and growing population is critical to the sustainable development of our communities. 3.2.1 Move! (Turkey, Kazakhstan) Award-winning program, fostering students' physical and personal development through sports and group ctivities 131 public schools over 170K youngsters Coca-Cola Football Tournaments (Kazakhstan, Azerbaijan, Iraq) 200,000 children from 7,800 schools The Olympic Moves Program 115,000 youngsters, 4 cities, 6 branches in Azerbaijan New Generation Project Implemented in 2019 covered more than 2,000 participants of which 65% were women Kiz Kardesim Eğitimleri başlıyor Boca-Cola PA واهب اليوم أسود الغد 57#58Community WATER STEWARDSHIP FOCUS ON WATER STRESS AREAS We attach particular importance to water related issues Paani Safe Water Initiative 44%* of the total population in Pakistan has no access to safe drinking water; 33%** of deaths are due to water borne diseases Launched in 2015, Paani Initiative provided clean water to c.1,000,000 people with 28 plants across Pakistan Sourcewater Protection Sourcewater Vulnerability Assessment (SVA) and Sourcewater Protection Plan (SWPP) conducted by 3rd party firms for each plant *Pakistan Council of Research in Water Resources (PCRWR) **Pakistan's Waters at Risk Report WASTE MANAGEMENT Transition to a circular economy is a priority focus area Investor CCI Presentation 'Kollekt' recycling application In collaboration with Coca-Cola Turkey Temiz Olkem project (Azerbaijan) Raising awareness on plastic collection 10x20x30 Initiative Joined WRI's groundbreaking 10x20x30 Initiative with the goal to reduce food loss and waste by 50% by 2030 10X20X30 58#59Consumer Well-Being Investor Presentation fusetea S DECE Ice Tea 1.5 LO FANTA Maryin Mom's Ba 1L FANTA Mandolime Aromal Gozor fuset HANPUZ FALOMAFICE ch MANDARIN ON THE SPORTS POWER ADE Schwepp Cappy AT M 1783 LAST ZERO SUBAR 2,00'n 50 krs Depaalte C FANTA ca-ColaCoca-Cola RIJINAL TAT DAHA AZ KALORI PEN ZERO SUGAR TAT SIFIR SEKER Coca-Cola ZERO SUGAR A FLAVORS SIFIR SEKER Coca-Cola Coca-Cola Coca-Cola Light FRANCATAN 7AT Sprite LIMON GAZOZ damla FERAHLATAN TAT Sprite LIMON AROMAL GAZOZ MONSTER ENERGY Piko ilnv SE- a PASSION PUNCH BURN NERGY DRINK SEKERGIZ KALORISIZ Coca-Cola Well-diversified product portfolio Increasing focus on Low/No calorie Expansion in Stills Innovation PASSED all food safety and quality audits +COFFEE All CCI plants obtained Food Safety System Certification FSSC 22000 Standard \CCI 59#60Customer Value Investor CCI Presentation Superior Execution We are investing in developing our people and technologies to provide the best experience for our business partners; customers and distributors and win with the customer Satisfaction Surveys CCI Customer Interaction Center Joint Business Plan Meetings CCI Turkey's 2019 distributor satisfaction survey score was 89% Commercial Excellence At Global Customer and Commercial Leadership Awards CCI won the 1st Place Award Best All-Around the World & Commercial Market in Turkey & Excellence in Supply Chain Operational Excellence (OE) with the long-term intention of meticulously improving our business processes and systems The OE Model is based on Lean Six Sigma methodologies and applied to all company functions 1,593 OE Projects* 809 certifications RED became one of the finalists "How to Build a Sustainable Growth Momentum with RED" 74 mn savings* * (2008-2020) 60#61Human Rights Presentation Investor CCI Human Rights Policy... CCI launched its first Human Rights Policy in 2018, a continuation of the existing CCI Workplace Rights Policy ...integrated to our practices... Integrating human rights and workplace rights into all of our practices, corporate values, and sustainability strategy O Q Q S Q Q S AS A icci CCI'M HUMAN e e a q e a ge ag sa o boa CCI'M HUMAN ...affecting various stakeholders Human rights trainings in 10 local languages targeting all CCI employees & Additional 30,000 people through our 4,000 suppliers & International Human Rights Day Celebrations across CCI 61#62Human Rights Supplier Guiding Principles Supplier Guiding Principles (SGP) determine the social, environmental, ethical and economic minimums TCCS expect from their suppliers. Compliance with Laws and Regulations Freedom of Association and Collective Bargaining Health and Demonstration of Compliance Work Hours And Overtime Environment CHILD LABOR Safety Wages and Benefits Non-discrimination ZERO TOLERANCE ON FORCED ABUSE LABOR OF LABOR Diversity and Inclusion Diversity and Inclusion Advisory Board Gender • Lead Network CEO Pledge signed • Launched «Business Against Domestic Violence Policy>> • Gender Pay Gap Internal Audit completed Generation • Next Talent • The U30 Strategy Camp Culture • "Leaders in the Field" meetings Health and Safety Investor Presentation Health and safety issues managed through the Coca-Cola Operating Requirements (KORE) Vehicle accidents down by 12% vs. 2019 Lost time incident rate down by 25% vs. 2019 67,506 human-hours of OHS* training to our employees CCI *Occupational Health & Safety 62#63Human Capital Talent Management • CCI Talent Management Principles . My Career Platform • CCI Career Navigation Framework • Talent Readiness Index (TRI) improvement . Employee Engagement "Leadership in Field" program. • "Value Play Shop" program • CCI Employee Engagement Surveys Coca-Cola ICCI Investor Presentation \CCI Bicci'm ONE TEAM ICCI ICCI ICCI ICC ICCI IC TEAMWORK PASSION ACCOUNTABILITY INTEGRITY 63#64Creating Value During Covid-19 STAYSTRONGCCI ONE TEAM Investor Presentation \CCI For Our Customers & Consumers 5,000 SMEs supported via Hygiene kits delivery partnership with Metro Turkey Support Program developed for the Traditional Channel 15,000 Shopping cards for unemployed HORECA employees For Our Communities ~13 Million TL Budgeted by TCCF 14,192 Grocery Baskets delivered to people in need 1,450 meal donations to the Emergency Services workers, police and army officers in Turkey and Pakistan 13.4 TONS Disinfectant Produced and donated in Turkey and Kyrgyzstan 6,200 Unit case of Product Donations to the Red Crescent 3,000 surgical masks & 2,000 gloves For Our People COVID-19 Awareness Trainings 9 75 Webinars on mental health, parenthood, leadership during COVID-19 times 30+ Top Leadership and Internal Communication Campaigns Employee Climate Surveys Immediate H&S response and precautions Access to online education via LinkedIn Learning and Udemy 64#65Proactive in Transparancy and Accountability Inclusion in leading ESG Indices Recognition & Awards THE GLOB COMPACT 100 CDP Sustainability Stock Index powered by Sustainalytics LACP 2018- AWARDS AWARDS SPOTLIGHT PLATINUM WINNER TOP 100 WORLDWIDE LACP DRIVING SUSTAINABLE ECONOMIES -2018 SPOTLIGHT MSCI videoeiris Reporting matters Navigating the landscape: a path forward for sustainability reporting WBCSD 2010 Ruport ECPI Sense in sustainability FTSE4Good BORSA İSTANBUL wbcsd ry. Continuous Commitment Investor Presentation \CCI LEAD NETWORK Leading Executives Advancing Diversity CORE collect & recycle ipg İŞ DÜNYASI PLASTİK GİRİŞİMİ 65#66On Our Agenda 2030 TARGETS TO BE RELEASED SCIENCE BASED TARGETS INITIATIVES SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION CEO Investor Presentation WATER MANDATE WE SUPPORT UN GLOBAL COMPACT CEO Water Mandate \CCI 66#67Appendix CCI#68Country Data 2021 Investor CCI Presentation GDP per cap, Per capita NARTD Population PPP consumption (mn)(1) (USD 000) (2) (8 ounce servings)(3) CCI's Market Share in Sparkling (4) CCI's Market Position in Sparkling(5) Capacity (mn UC) Capacity Utilization Rate (6) Turkey 85.0 29.3 112.6 65.5% 1 703 82.0% Pakistan 225.2 4.6 28.0 49.5% 1 432 87.0% Kazakhstan 19.0 26.8 131.7 51.2% 1 190 88.0% Iraq 41.2 9.5 131.7 39.2% 2 129 85.0% Uzbekistan 33.9 7.2 58.9 51.6% 1 110 76.0% Azerbaijan 10.2 17.3 80.2 73.8% 1 66 85.0% Kyrgyztan 6.6 4.4 70.8 65.1% 1 19 128.0% Jordan 11.0 9.2 85.6 19.1% 2 32 63.0% Tajikistan 9.7 3.5 35.6 54.3% 1 17 46.0% Turkmenistan 6.1 14.9 55.7 49.2% 1 21 19.0% Syria 18.3 3.7 Source: (1) & (2) IHS Markit, (3) Global Data Industry Estimates & IHS Markit, (4) & (5) TR/KAZ: Nielsen Retail Panel, Full Year 2021; PAK/IQ/UZB/AZE/KYR/JOR/TAJ/TUM Global Data Industry Estimates & CCI Internal Volume, FY'2021, (6) Capacity utilization rate 2021 exceed 100% based on overtime & weekend working hours throghout the year. 68#69Back-up Community Snapshot PROJECT TYPE YOUTH EMPOWERMENT PROJECTS Investor CCI Presentation COUNTRIES • 3.2.1. Move Coca Cola Belestery O Olympic Moves Program • Coca Cola Grassroots Football Tournament • New Generation Project . Turkey, Kazakhstan • Kazakhstan •⚫ Azerbaijan • Azerbaijan Azerbaijan WOMEN EMPOWERMENT My Sister Program Successful Woman Successful Future • UNDP Women's Empowerment Program Turkey, Azerbaijan Azerbaijan • Azerbaijan WATER STEWARDSHIP • Paani Safe Water Initiative • Harran Night Irrigation Project Konya Agriculture of the Future • Pakistan • Turkey Turkey WASTE MANAGEMENT Recycling Project with WWF • Kollekt App • Temiz Olkem • Issyk Kul Coastal Cleanup Project • Pakistan . Turkey Azerbaijan • Kyrgyzstan 69#70Back-up Benchmark With Other Bottlers WUR EUR % of recycled PET in plastic packaging Investor CCI Presentation CCI Coca-Cola Hellenic CCEP FEMSA 1.71 L/L 1.74L/L 1.60 L/L 1.52 L/L 0.33 MJ/L N/A 0.32 MJ/L N/A 6% 12% 30.5% 23.7% Lost Time Incident Rate 0.19 0.33 1.07 1.10 70#71Category Performance +28.0% Water Stills +27.0% 12 8 1Q22 80 Sparkling Double digit growth in all categories +16.0% Coca-Cola with +14.6% Coca-Cola TM maintains its robust momentum in all key countries +11.4% Investor Presentation Water 11% Stills 8% 2021 +28.1% 81% \CCI Coca-Cola TM growth in all our countries without exception Stills has a strong recovery with 28% y/y growth in 2021 Sparkling Coca-Cola +15.9% with +17.3% 71#72Thank You CCI