Coca-Cola HBC (CCH) Investor update summary

Strategic progress and market overview

• Egypt is now the third largest and fastest-growing market in the group, representing 11% of group volumes and benefiting from a young, growing population of 118 million.

• Since the 2022 acquisition, disciplined integration, operational continuity, and digital modernization, including SAP S/4HANA rollout, have built a resilient, scalable platform.

• Despite inflation, currency devaluation, and geopolitical challenges, the business delivered strong financial performance, narrowing the market share gap with the leader from 13 to 5 percentage points.

• Dynamic scenario planning and local supplier engagement supported resilience and business continuity.

Portfolio expansion and execution

• The portfolio expanded from Sparkling and Water to a 24/7 multi-category offering, including Energy and Sports Drinks, with Monster and Fury launched and local production established.

• Schweppes is Egypt’s largest and fastest-growing market globally, with targeted campaigns and innovation delivering record sales.

• Fanta and Sprite grew through targeted occasions, new flavors, and affordable pack formats, with Fanta up 6% and Sprite up 9% in 2025.

• Energy, led by Monster and Fury, now contributes over 10% of revenue, with triple-digit growth and rapid scaling to the number two market position.

• Focused marketing on football, music, and Gen Z drove consumer recruitment and engagement.

Financial performance and investments

• Q1 2026 revenue up 26%, 2025 revenue up 37%, and a 3-year CAGR of 39%.

• Annual CapEx has tripled since 2021, with over 135,000 new coolers, new production lines, and doubled direct marketing expenses.

• Gross margins expanded by 350 basis points since 2022, with over €60m working capital improvement over three years.

• The business targets double-digit organic revenue growth and consistent margin improvement, leveraging operational scale and premiumization.

• CapEx as a percent of sales will remain above group average, focused on revenue-generating assets and sustainability.