United States Securities and Exchange Commission Washington, D.C. 20549 March 17, 2023 | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------| | COCA-COLA EUROPACIFIC | PARTNERS PLC | | Pemberton House, Bakers Road Uxbridge, UB8 1EZ, United Kingdom (Address of principal executive office) | | | (Indicate by check mark whether the registrant files or will file ...

Financial Data and Key Metrics Changes - The company reported total revenue of €17.3 billion, an increase of 15.5% year-over-year [43] - Adjusted free cash flow generation was €1.8 billion, enabling a record dividend payment of €1.68 per share, up 20% from 2021 [15][42] - COGS per unit case increased by 9%, slightly above the guidance of 8.5% [45] Business Line Data and Key Metrics Changes - Revenue per unit case grew by 6%, driven by strong growth in the away-from-home channel and effective revenue growth management initiatives [13][16] - The company successfully launched new flavors and products, including Fanta and Sprite, contributing to brand excitement and consumer engagement [11][40] Market Data and Key Metrics Changes - Great Britain and Iberia showed strong performance, with away-from-home volumes in double-digit growth compared to 2019 [44] - The home channel continued to grow, benefiting from increased at-home consumption, with volumes up 4% versus 2021 [44] Company Strategy and Development Direction - The company aims to maintain a focus on sustainability and innovation, with ongoing investments in digital tools and supply chain improvements [6][10] - A new efficiency program was announced, targeting €350 million to €400 million in incremental savings by 2028 [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the NARTD category and the company's ability to maintain or grow market share despite inflationary pressures [51][52] - The company anticipates revenue growth of 6% to 8% for 2023, primarily driven by pricing strategies [49] Other Important Information - The company completed the acquisition of Coca-Cola Company's 29.4% minority stake in its Indonesia business, increasing ownership to 100% for €282 million [20] - The company was included in the 2023 Bloomberg Gender Equality Index, reflecting its commitment to diversity and inclusion [6] Q&A Session All Questions and Answers Question: Can you talk about progress in pricing so far year-to-date and the cadence of pricing through 2023? - Management noted that pricing strategies are being implemented across various markets, with some already completed in Iberia, Nordics, and Australia, while France is currently under negotiation [28][29] Question: How is the company managing consumer demand amidst inflation? - Management indicated that recent trading has not shown significant changes in underlying consumer demand, and they are focused on balancing pricing and affordability [91][92] Question: Are there any volume declines embedded in the 6% to 8% organic revenue guidance for 2023? - Management clarified that they expect volume growth and aim to maintain or grow market share, with the guidance reflecting a balanced approach [70][94]

Financial Data and Key Metrics Changes - The company reported total revenue of €8.3 billion, an increase of 17% compared to the previous year [21] - Comparable operating profit rose to €1.1 billion, up 29%, reflecting strong topline growth and efficiency programs [22] - Comparable diluted earnings per share increased by 32% to €1.61 [22] - Free cash flow generation reached €1.3 billion, significantly above the medium-term target of €1.25 billion [22][36] Business Line Data and Key Metrics Changes - The non-alcoholic ready-to-drink (NARTD) category grew by 5% in the first half, with the away-from-home channel recovering to 2019 levels [8][25] - The company achieved strong volume growth of 13% in the first half, supported by a rebound in tourism and the recovery of the HoReCa channel [16][25] - Revenue per unit case grew by 4.5%, reflecting strong growth in the away-from-home segment and effective revenue growth management initiatives [26] Market Data and Key Metrics Changes - The company gained approximately 30 basis points in NARTD value share both in-store and online [16] - The away-from-home channel, which accounts for about 40% of volumes, showed resilience in challenging times [9] - The company reported that its brands delivered more than twice the value to customers compared to the nearest competitor in Europe [9] Company Strategy and Development Direction - The company is focused on long-term profitable growth, emphasizing revenue growth management and efficiency [5][6] - There is a strong commitment to sustainability, with initiatives aimed at reducing emissions and improving packaging [14][15] - The company is strategically exiting non-core categories, such as beer and cider, to focus on sparkling and tea categories [19][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the uncertain economic environment, citing strong brand equity and a balanced revenue stream [39][42] - The company raised its full-year guidance for revenue, profit, and free cash flow, reflecting strong first-half performance [37] - Management acknowledged potential inflationary pressures but emphasized the importance of maintaining affordability for consumers [30][71] Other Important Information - The company is on track to deliver approximately 85% of its efficiency savings target by the end of 2022 [27][66] - The company is approximately 90% hedged for commodity inflation for the current year, with expectations of high single-digit inflation for 2023 [33][34] Q&A Session Summary Question: How is the business different in navigating potential consumer weakness? - Management highlighted stronger revenues from the away-from-home channel and a balanced pack architecture that allows for effective promotions [39][40][41] Question: What led to the acceleration in market share? - The acceleration was attributed to strong performance in sparkling beverages, continued investment in innovation, and improved execution during the pandemic [43][44][45] Question: How sensitive is the business to European gas prices? - Management discussed contingency plans for energy supply and the importance of maintaining service levels despite supply chain challenges [48][49] Question: What is the impact of working capital on cash flow guidance? - Management indicated that the impact on cash flow is primarily linked to inventory and CapEx phasing, with strong free cash flow performance overall [51][52] Question: How is gross margin affected by volume leverage? - Volume leverage has been beneficial, but broader commodity inflation pressures are also a significant factor [55][56] Question: What changes are being made to pricing strategies? - Management emphasized a surgical approach to pricing, focusing on affordability while maintaining brand equity [70][71] Question: How impactful has the portfolio rationalization been in Indonesia? - The rationalization has had a significant and quick impact, allowing for a more focused approach on core categories [72][73]

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 20-F (MarkOne) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 ...

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Q4 2021 Earnings Conference Call February 16, 2022 7:00 AM ET Company Participants Sarah Willett - Vice President, Investor Relations and Corporate Strategy Damian Gammell - Chief Executive Officer Nik Jhangiani - Chief Financial Officer Conference Call Participants Charlie Higgs - Redburn Simon Hales - Citi Fintan Ryan - JPMorgan Edward Mundy - Jefferies Lauren Lieberman - Barclays Rob Ottenstein - Evercore ISI Mitch Collett - Deutsche Bank Sanjeet Aujla - C ...

Financial Data and Key Metrics Changes - Pro forma revenue for H1 2021 was €7 billion, an increase of 11.5% on an FX-neutral basis [30] - Pro forma comparable operating profit reached €802 million, up nearly 60% on an FX-neutral basis [30] - Comparable diluted earnings per share increased to €1.09, up 87.5% on a comparable and FX-neutral basis [31] - Free cash flow generation was approximately €650 million on a comparable basis [31] Business Line Data and Key Metrics Changes - The away-from-home channel saw a significant recovery, although it was down 22% compared to 2019 [32] - The home channel continued to perform well, with volumes up 3% versus 2019 during H1 [33] - The Energy portfolio gained nearly 300 basis points of value share since 2019, with volume growth of 50% versus 2019 [22] Market Data and Key Metrics Changes - Europe revenue was up 10.5% in H1 2021 versus 2020 but down 8% versus 2019 [34] - API pro forma revenues increased by 15.5% in H1 2021 and remained flat versus 2019 [34] - The company gained 90 basis points of share in Flavors and 170 basis points in Energy across combined markets [22] Company Strategy and Development Direction - The company aims to be the world's most digitized Coca-Cola bottler, focusing on digital transformation and sustainability [9][10] - Integration of the Australian, Pacific & Indonesian business unit (API) is underway, with joint growth plans being developed with The Coca-Cola Company [8][52] - The company is committed to achieving net zero greenhouse gas emissions by 2040 and is accelerating its rPET plans [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the recovery across markets, despite challenges such as weather and renewed restrictions in some regions [36] - The company is experiencing upward pressure on commodity costs, particularly aluminum, which has been factored into guidance for COGS [41][42] - Management remains focused on efficiency programs and cost management to navigate inflationary pressures [44][45] Other Important Information - The company has committed to a dividend payout ratio of approximately 50% based on the enlarged earnings base of the combined business [49][50] - The company is on track to deliver €350 million to €395 million in efficiency savings, with progress being made in 2021 [44][88] Q&A Session Summary Question: Recent pricing actions and their reception in markets - Management is satisfied with the pricing levels in 2021, which are supporting strong performance, and is engaging with customers for pricing plans for 2022 [63][64] Question: Supply constraints across Europe - Management acknowledged challenges with aluminum and can supply but noted that customer service levels remain high and top-line performance has not been significantly impacted [69][70] Question: Commodity cost outlook into 2022 - Management indicated that commodity costs are expected to increase mid to high single-digit percentages, impacting COGS per unit case [78][80] Question: Guidance assumptions regarding COVID - Management expects a reopening in API by Q4 and does not anticipate significant changes in Europe, maintaining a cautiously optimistic outlook [86][88]

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 20-F (MarkOne) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 ...

Financial Data and Key Metrics Changes - Revenue declined by 11% on an FX-neutral basis, driven by a 10% comparable volume decline due to the COVID-19 pandemic [17][18] - Comparable gross profit decreased by 17%, leading to a comparable operating profit of €1.2 billion, down 28.5% on a comparable and FX-neutral basis [20][21] - Free cash flow generation was strong at €925 million, close to the medium-term annual objective of at least €1 billion [22][23] Business Line Data and Key Metrics Changes - Coca-Cola Zero Sugar was the number 1 NARTD brand for absolute value growth, with strong performance in multipack cans for Fanta and Sprite [26] - Energy business saw volume growth of 13%, with Monster achieving 15% volume growth, becoming the number 1 energy brand in Spain and Portugal [26][27] - Online grocery revenue grew by 44%, with market share online surpassing in-store [27][28] Market Data and Key Metrics Changes - Away-from-home channel volumes declined by approximately 28%, while home channel volumes grew by around 2% [30][31] - The pandemic led to a significant impact on on-the-go consumption, with volumes down nearly 25% [32] - Trading in the home channel remained stable, benefiting from revenue growth management initiatives [31] Company Strategy and Development Direction - The company aims for a future that is green and digitally led, with a commitment to net zero greenhouse gas emissions by 2040 [15][46] - The focus will be on core brand investments and future revenue streams, including Costa, Tropico, and Topo Chico [46][50] - The company is implementing an efficiency program to become a leaner business, with expected savings in 2021 [38][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating through short-term challenges and emerging as a more efficient and sustainable business [7][53] - The rollout of COVID-19 vaccines brings optimism, and the company is prepared for a faster recovery [7][64] - Management highlighted the importance of maintaining investments in digital and sustainability despite the pandemic [46][64] Other Important Information - The company returned approximately €130 million to shareholders via share buybacks before suspending the program [23] - The acquisition of Coca-Cola Amatil is progressing, with approval from the Australian Foreign Investment Review Board [51] Q&A Session Summary Question: Details on permanent discretionary expense reductions and marketing spend - Management is confident in the investment plan for 2021, maintaining consumer pricing programs and focusing on retail and online growth [56][57] Question: Preparedness for a faster recovery and cooler placement - The company is well-prepared for a faster recovery and has increased cooler investments for 2021 [64][66] Question: Incremental sustainability investment costs - Sustainability investments are viewed as long-term investments rather than costs, with ongoing management of commodities inflation [68][71] Question: Market share performance in different regions - The company gained market share across all markets, with challenges primarily related to customer group negotiations in Germany and Belgium [72][73] Question: Impact of Coca-Cola Amatil's recent results on the acquisition - The company is awaiting further developments regarding the acquisition and believes it can achieve favorable financing terms [80][81]

Coca-Cola European Partners Plc (NASDAQ:CCEP) Q2 2020 Earnings Conference Call August 6, 2020 7:30 AM ET Company Participants Sarah Willett - Vice President, Investor Relations Damian Gammell - Chief Executive Officer & Director Manik Jhangiani - Chief Financial Officer & Senior Vice President Conference Call Participants Bonnie Herzog - Goldman Sachs Sanjeet Aujla - Crédit Suisse Lauren Lieberman - Barclays Bank Bryan Spillane - Bank of America Simon Hales - Citigroup Edward Mundy - Jefferies Robert Ottens ...

Results for the Six Months Ended 26 June 2020* 6 August 2020 People Service Por *Unaudited Forward looking statements This document contains statements, estimates or projections that constitute "forward-looking statements" conceming the financial condition, performance, results, strategy Cola European Parthers plc and its subsidiaries (together "CCEP" or the "Group"). Generally, the worlds "believe;" excect," "ntend" "estimate," "anticipate," "project","tha "should," "might," will, "foreacsd, "outlook, "gui ...