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    Usama Tariq • ABN AMRO – ODDO BHF BV

    Usama Tariq's questions to Coca-Cola Europacific Partners PLC (CCEP) leadership

    Usama Tariq's questions to Coca-Cola Europacific Partners PLC (CCEP) leadership • H1 2025

    Question

    Usama Tariq of ABN AMRO – ODDO BHF BV asked about the decline in H1 free cash flow and whether there was a risk to the full-year guidance.

    Answer

    CFO Ed Walker explained that the H1 decline was purely a working capital phasing issue related to the calendar. He reaffirmed confidence in the full-year guidance of at least €1.7 billion, noting that H2 is seasonally stronger and Indonesia does not pose a material risk to cash flow.

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    Usama Tariq's questions to Coca-Cola Europacific Partners PLC (CCEP) leadership • H1 2025

    Question

    Usama Tariq of ABN AMRO – ODDO BHF BV asked about the year-on-year decline in H1 free cash flow, questioning if it was working capital related and if it posed a risk to the full-year guidance.

    Answer

    CFO Ed Walker confirmed the H1 decline was 'purely a phasing item' related to working capital and the timing of the half-year end. He expressed confidence in reaffirming the full-year free cash flow guidance of at least €1.7 billion, noting that H2 is seasonally stronger and Indonesia is not a significant cash drain.

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