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Forward Looking Statements

This document contains statements, estimates or projections that constitute "forward-looking statements" concerning the financial condition, performance, results, strategy and objectives of Coca-Cola Europacific Partners plc and its subsidiaries (together "CCEP" or the "Group"). Generally, the words "ambition," "target," "aim," "believe," "expect," "intend," "estimate," "anticipate," "project," "plan," "seek," "may," "could," "would," "should," "might," "will," "forecast," "outlook," "guidance," "possible," "potential," "predict," "objective" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward- looking statements are subject to certain risks that could cause actual results to differ materially from CCEP's historical experience and present expectations or projections, including with respect to the acquisition of Coca-Cola Amatil Limited and its subsidiaries (together "CCL" or "API") completed on 10 May 2021 (the "Acquisition"). As a result, undue reliance should not be placed on forward-looking statements, which speak only as of the date on which they are made. These risks include but are not limited to:

  1. those set forth in the "Risk Factors" section of CCEP's 2020 Annual Report on Form 20-F filed with the SEC on 12 March 2021,as updated and supplemented with the additional information set forth in the
    "Principal Risks and Risk Factors" section of the H1 2021 Half-year Report Filed with the SEC on 2 September 2021;
  2. those set forth in the "Business and Sustainability Risks" section of CCL's 2020 Financial and Statutory Reports; and
  3. risks and uncertainties relating to the Acquisition, including the risk that the businesses will not be integrated successfully or such integration may be more difficult, time consuming or costly than expected, which could result in additional demands on CCEP's resources, systems, procedures and controls, disruption of its ongoing business and diversion of management's attention from other business concerns; the possibility that certain assumptions with respect to API or the Acquisition could prove to be inaccurate; burdensome conditions imposed in connection with any regulatory approvals; ability to raise financing; the potential that the Acquisition may involve unexpected liabilities for which there is no indemnity; the potential failure to retain key employees as a result of the Acquisition or during integration of the businesses and disruptions resulting from the Acquisition, making it more difficult to maintain business relationships; the potential for (i) negative reaction from financial markets, customers, regulators, employees and other stakeholders, (ii) litigation related to the Acquisition.

The full extent to which the COVID-19 pandemic will negatively affect CCEP and the results of its operations, financial condition and cash flows will depend on future developments that are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic.

Due to these risks, CCEP's actual future results, dividend payments, capital and leverage ratios, growth, market share, tax rate, efficiency savings, the results of the integration of the businesses following the Acquisition, including expected efficiency and combination savings, and achievement of sustainability goals, may differ materially from the plans, goals, expectations and guidance set out in forward-looking statements (including those issued by CCL prior to the Acquisition). These risks may also adversely affect CCEP's share price. Additional risks that may impact CCEP's future financial condition and performance are identified in filings with the SEC which are available on the SEC's website at www.sec.gov. CCEP does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable rules, laws and regulations. Furthermore, CCEP assumes no responsibility for the accuracy and completeness of any forward-looking statements. Any or all of the forward-looking statements contained in this filing and in any other of CCEP's or CCL's public statements (whether prior or subsequent to the Acquisition) may prove to be incorrect.

Reconciliation & definition of pro forma financial information and alternative performance measures

The following presentation includes pro forma financial information and certain alternative performance measures, or non-GAAP performance measures. Refer to our Preliminary Unaudited Results for the Fourth- Quarter and Full-Year Ended 31 December 2021, issued on 16 February 2022, which details our non-GAAP performance measures and reconciles, where applicable, our 2021 and 2020 results as reported under IFRS to the pro forma financial information and non-GAAP performance measures included in this presentation. This presentation also includes certain forward looking non-GAAP financial information. We are not able to reconcile forward looking non-GAAP performance measures to reported GAAP measures without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the actual impact or exact timing of items that may impact comparability.

2

Our history

1950s

May 2016

Oct 2020

Nov 2020

Spanish families start

Merger & Formation of CCEP

CCEP announced proposal to

Coca-Cola bottling

acquire Coca-Cola Amatil

Announced 2040 net zero ambition on entire value chain

May 2021

June 2013

Merger & Formation of CCIP

Dec 2016

Oct 2010

CDP 'A' list &

DJSI inclusion

Exit of North American

Bottling Business &

addition of Norway &

Sweden

Nov 2017

Launched sustainability action plan

Mar 2020

Launched LTIP incorporating

GHG reduction target

June 2019

CCEP merger synergies complete, delivered as guided (€330m)

Sept 2018

Announcement of €1.5bn share buyback

CCEP completed acquisition of CCA & company name change

3

Europe: proven track record in integration

Revenue

Revenue 1

Revenue per UC2

~80%

from decline to growth

3.0%

3.0%

3.5%

2.5%

2.0%

2.0%

Total Shareholder

1.0%

0.5%

Return6

-0.5%-0.5%

-1.0%

-1.5%

CCE

2014

2015

Merger

2016

2017

20183

20193

Customer value creator in FMCG #1 >€2bn4 ('16-21)

EPS5

CAGR +10.5%

7

Solid growth

2016

2017

2018

2019

1.

Comparable & FX-neutral(non-GAAP measure)

4.

NielsenIQ Strategic Planner Data to 02.Jan.22 Countries included are ES, DE, 6. As at 9 Feb 2022 since close on 30 May 2016

2.

FX-neutral(non-GAAP measure)

GB, FR, BE, NL SE, PT & NO

7. Coca-Cola European Partners acquired Icelandic Bottler

3.

2018 & 2019 exclude incremental sugar & excise taxes

5.

Diluted EPS is comparable (non-GAAP measure)

Vifilfell in August 2016

4

>33k

Employees

Our people make, move & sell the world's best loved drinks in 29 markets across Western Europe & Asia Pacific

>600m

Consumers

(link to our key factspage)

The world's largest bottler by revenue

>1.7m

FY21: €14.8bn

FY21: €1.5bn

FY19: €15.2bn

FY19: €1.35bn

Customers

Revenue1

Free cash flow2

>1.4m

FY21: €1.9bn

~50%

FY19: €2.0bn

Dividend

Coolers

Operating profit1

payout ratio2,3

Further together

All measures are for the full-year ended 31 December 2021 unless otherwise stated

  1. Revenue and operating profit are pro forma figures, comparable
  2. Refer to "Reconciliation and Definition of Alternative Performance Measures" for further details and ourguidancepage
  3. Dividends subject to Board approval
  4. Europe only
  5. As at 31 December 2021

FY19 Channel Mix

Strong portfolio

Package Mix4

CCEP

Market

Leading market position

Unit Cases

Individual

/Litres

Units

Revenue

Value

46%

55%

Can

28%

47%

~80

Away

Away

Production sites5

From

From

57%

31%

Home

Home

PET

Glass

6%

10%

54%

45%

Home

Home

PMX

9%

12%

~310

& other

Manufacturing lines5

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Disclaimer

Coca-Cola Europacific Partners plc published this content on 09 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2022 15:01:11 UTC.