Investor Overview - Q3 2023

MOVING TO A FIT-FOR-PURPOSE BALANCE SHEET Optimization Viewed Through a Holistic Lens Bottling Investments Net Revenue Contribution (a) 0800 Bottling Investments Fixed Asset Portfolio Supply Chain Optimization Acquisitions and Capability Building (a) Bottling Investments net revenues as a percentage of total Company net revenues (b) ROIC (Return on Invested Capital) = Net Operating Profit After Tax (NOPAT) divided by two-year average of invested capital; ROIC is a non-GAAP financial measure 52% 2015 -34 pts 18% 2022 ROIC (b) Evolution 20.7% +4 pts 16.7% 2015 2022 29

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