Investor Overview - Q3 2023

MEETING CONSUMER NEEDS THROUGH IMPROVED RGM Old Mindset Volume Behavior Leverages Momentum New Mindset Value Behavior (Profit & ROIC) Step-Change in Growth Trend One-Off, Annual Plan Multi-Year System Strategy Operational Initiatives to Drive Volume Strategic Initiatives to Drive Revenue > Transactions > Volume Defined Strategy Consumer Premiumization & Affordability (Categories Brands / Packs) Brand Stratification Based on Elasticity Shopper FANTA 1783 1783 1783 Sprite vs. Coca-Cola Channel/Customer Geographic & Channel Segmentation amo THEATRES Developing price/pack architectures that are appropriate to consumer & customer needs 14

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