dbAcc dbAccess ess Damian Gammell , CEO GLOBAL CONSUMER CONFERENCE Nik Jhangiani , CFO
Forw orwar ard d Looking Sta Looking Statements tements This document contains statements, estimates or projections that constitute “forward - looking statements” concerning the financia l condition, performance, results, strategy and objectives of Coca- Cola European Partners plc and its subsidiaries (together “CCEP” or the “Group”). Generally, the words “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 histori cal experience and present expectations or projections. 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 those set forth in the “Risk Factors” section of CCEP’s 2018 Integrated Report/Annual Report on Form 20-F, including the statements under the following headings: Changing consumer preferences and the health impact of soft drinks (such as sugar alternatives); Legal and regulatory intervention (such as the development of regulations regarding packaging and taxes); Packaging and plastics; Competitiveness and transformation; Cyber and social engineering attacks; The market (such as customer consolidation and route to market); Economic and political conditions (such as continuing developments in relation to the UK’s exit from the EU, political instability in Cata lon ia, “Gilets Jaunes” protest movement and demonstrations in France); The relationship with TCCC and other franchisors; Product quality; and Other risks. Due to these risks, CCEP’s actual future results, dividend payments, and capital and leverage ratios may differ materially fr om the plans, goals, expectations and guidance set out in CCEP’s forward - looking statements. Additional risks that may impact CCEP’s future financial condition and performance are identi fied 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. 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 respective public s tatements may prove to be incorrect. Reconciliation and Definition of Alternative Performance Measures The following presentation includes certain alternative performance measures, or non-GAAP performance measures. For a historical reconciliation of our alternative performance measures to the reported GAAP measures, please refer to our 2018 Integrated Report and Form 20-F, published on 14 March 2019. The alternative performance measures included herein should be read in conjunction with and do not replace the directly reconcilable GAAP measure. 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. dbAccess dbAccess 2
Wha hat t Ex Excites cites Us Us About About the the Futur Future We Operate in a Large & Growing Market We have Scale with a Market Leading Position We have a Strong Portfolio of Products & Packs We are Jointly Creating Value with our Customers We have Great, Talented & Engaged People db dbAcc Access ess dbAccess dbAccess 3
Why W hy We e Belie Believe World’s Best Brands Solid Track Record Unrivalled Customer GIVI GIVING NG US US Coverage Market Set to Grow by 2-3% CAGR 1 CONFIDENCE CONF IDENCE Solid, Flexible Balance Sheet In our mid-term Investing in Key Capabilities annual objectives Leading the Sustainability Conversation Transforming Our More Aligned than Segmentation & Diversification Ever Before with TCCC 2 dbAccess dbAccess 4 1 CCEP internal estimates 2 The Coca-Cola Company
Saf afety ety incident incident rates tes halved since merger BEING BEING INSPIRED WELL BEING BEING DEVELOPED CONNECTED 2025 target 40% women in leadership positions: now at 35%, up 3PPS BEING BEING REWARDED VALUED dbAccess dbAccess 5
Siz Size of the Prize… CCEP Markets + €30 bn bn REVENUE VOLUME to grow at a to grow at a by 2028 2% to 3% 2% 3% 0.5% 0.5% to 1.5% 1.5% c CAGR CAGR CAGR CAGR (Cumulative NARTD (2017-2028) vs 1.1% (2017-2028) vs 0.6% incremental revenue (2010-2017) (2010-2017) opportunity) dbAccess dbAccess 6 6 CCEP internal estimates; Total NARTD Retail Sales Value (combination of Global Data FY2017 for AFH channels, Nielsen FY2017 data for Home channels)
Key ey Unloc Unlock k is is Thr hrou ough gh New New Se Segme gment ntation tion App pproa oach h – Ch Chan ange ges ar are e Un Unde derw rway ay FROM … TO TO key 12 channel Requires different organisation … accounts segments structures Channel 1 st Packaging 2 nd AWAY CUSTOMER HOME FROM CLUSTERS HOME More focused Unlocks consumption occasions dbAcc db Access ess dbAccess dbAccess 7 7
Ef Effor orts ts Und Under erpinn pinned ed by by Key ey Ca Capa pabilities bilities PASSIO PA SSION N FOR OR EX EXEC ECUTI UTION ON & WINNING VALUE SHARE IN ALL SEGMENTS WORLD CLASS WOR SS KEY KEY ACCOU OUNT NT TEAM TO DRIVE VALUE CREATION WITH A FOCUS ON CASH WOR WORLD CLASS SS SA SALES ES FOR ORCE E TO DRIVE DISTRIBUTION ACROSS SEGMENTS & CHANNELS THE BEST CUSTOM USTOMER ER SER SERVICE E STANDARDS IN THE INDUSTRY DIGI GITA TAL EXCELLENCE OUR FO OU FOCUS US IS IS TO O BEC ECOM OME E A MORE AGI GILE E AND ND DYNA NAMIC OR ORGA GANI NISA SATIO TION AN N EV EVEN EN BETTER ETTER TOTAL L BEV EVER ERAGE GE COM OMPANY NY A NEW WA WAY OF WO WORKING WITH THE COCA-COLA COMPANY dbAccess dbAccess 8
CCE CCEP P Wide ide Ne Next xt Gen Gener eration tion Sa Sales les For orce ce Too ool l Roll oll Ou Out t Un Unde derw rway ay Improved Customer Clearer Focus Increased Productivity Experience On Execution & Optimised Sell Time PL PLUS REA S REAL TI TIME E WH WHOLESAL ESALER ER IN INTEG TEGRA RATI TION EN ENABLI LING NG CUST USTOM OMER ER ORD ORDER ER CAPTURE PTURE dbAccess dbAccess 9
Acceler Accelerated In ted Investment estment in in Cooler Coolers s & F & Front ont Line Line UNRIVALL UNRIVALLED ED FRONT FRONT LINE: LINE: NET COOLER PLACEMENTS (‘000) FIELD SALES FIELD SALES VISITS VISITS PER PER DAY DAY 16 69 14 66 12 52 8 34 2016 2017 2018 2019E 2016 2017 2018 Target 25% AFH Adding Incubator monthly more feet model for coverage on the new (vs 9% in street products 2016) dbAccess dbAccess 10
Supp Suppor orte ted d by by Our Our Div Diver ersifyi sifying ng Por ortf tfolio olio Premiumise, Expand & Rapidly Scale & Inventively Drive Innovate & Expand Premiumise Expand New Growth Accelerate Adult RT RTD Coffee/ Cof ee/ SSD SSD Hydration dration RTD RT D Tea ea Energy nergy Plant lant Bas Based ed 0.5 0.5-1% 1% 3-4% 4% 6-7% 7% 4-5% 5% 9-11% 11% 2017- 2017 2028 2028 GRO GROWT WTH dbAccess dbAccess TOTAL L NARTD TD REV EVENUE ENUE TO O GR GROW W 2-3% 3% CAGR CA GR 1 1 CCEP internal 11 11 estimates, rounded
PLANS FOR PLANS FOR 2019 2019 1 2 MORE ALIGN MORE ALIGNED ED Coke™ RTD tea THAN EVER THAN EVER BEFORE BEFORE WITH WITH 6 5 4 3 Sparkling flavours Energy & mixers RTD Hydration coffee Small & 7 8 9 10 10 Premium Priority Packs Sustainability Capabilities Supply chain dbAccess dbAccess 12 12 12
2019 Y 2019 Year ear-to to-Da Date te Highlights Highlights ST STRON RONG ST STAR ART T TO TO 2019 PO PORTF RTFOLIO IO INN INNOVA VATIO TION ALIGN AL IGNED W ED WITH ITH T TCC CCC Q1 2019 Sparkling Volume #1 v #1 value alue Growth driving FMCG company across +4.5% our territories + € 220m 220m 1 CONTIN CON TINUED ED INVES INVESTM TMEN ENT T INCREASED INCREASED TO DR TO DRIVE G IVE GROWT ROWTH SHAR SH AREH EHOLDER DER RETU RETURNS RNS Commissioned 1H dividend per share 5 new can can & & €0.62 ; up 19 19.0% % vs LY glass glass lines Share Buyback €375M YTD 2; remainder of up to €1bn by end of 2019 dbAccess dbAccess 13 1. Source: Nielsen Strategic Planner Data to YTD to WE 21.04.19. YTD through to 6 th June 2019 2.
On T On Trac ack to k to Deliv Deliver er Our Our 2025 2025 Pac acka kaging ging Commitm Co mmitmen ents ts bu but Nee t Need t d to Go o Go Fast aster er 100% 100% 100% 100% 50% 50% Recyclability Collection Recycled PET dbAccess dbAccess 14
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