Brazil Investor Market Visit

A VAST OPPORTUNITY FOR GROWTH IN LATIN AMERICA Across Categories Across Population % of Volume Mix Non-Commercial48% $ US$ 250+ Bn Commercial Beverages Whitespace Alcohol 7% Hot Beverages 10% Cold Beverages 35% TCCC Commercial Beverages Volume Share: 18% TCCC Consumer 2026 Population Increase Source: IHS, Global Data, Internal Analysis Non-TCCC Consumer 5

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