Q3 2020 Financial Highlights

Financial Policies Refresco does not pay out dividend • Cash used to invested in production capacity and capabilities . Actively pursuing Mergers & Acquisitions strategy Refresco minimizes sourcing risks • Hedging almost all purchases of raw and packaging materials Applying FX hedging Strong cash position • Cash at end of Q3 2020: €446 million (Q3 2019: €293 million) Working Capital at end of Q3 2020: €49 million negative (Q3 2019: €94 million positive) 15 Refresco

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