CCEP - Mergers and acquisitions

Preliminary unaudited results for the full year ended 31 December 2023Solid end to a great year, well placed for FY24 and beyondUXBRIDGE, UK / ACCESSWIRE / February 23, 2024 / (NASDAQ:CCEP)(LSE:CCEP) FY 2023 Metric[1]As Reported Comparable [1]Change vs 2022As ReportedComparable[1]Comparable Fx-Neutral [1]Total CCEPVolume (M UC)[2]3,279 3,279(0.5) %(0.5) % Revenue (€M)18,302 18,3025.5 %5.5 %8.0 %Cost of sales (€M)11,582 11,5764.5 %4.5 %6.5 %Operating expenses (€M)4,488 4,3536.0 %6.5 %8.5 %Operating profit (€M)2,339 2,37312.0 %11.0 %13.5 %Profit after taxes (€M)1,669 1,7019.5 %9.0 %11.5 %Diluted EPS (€)3.63 3.7110.5 %9.5 %12.0 %Revenue per UC[2] (€) 5.70 8.5 %Cost of sales per UC[2] (€) 3.6

UXBRIDGE, UK / ACCESSWIRE / February 23, 2024 / Coca-Cola Europacific Partners (CCEP) (NASDAQ:CCEP)(LSE:CCEP) today confirms it has, together with Aboitiz Equity Ventures Inc. (AEV), completed the acquisition of Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO)• Further to the announcements on 2 August 2023, 20 November 2023 and 30 January 2024 (see links below), CCEP today announces it has, together with AEV, completed the acquisition to jointly acquire 100% of CCBPI from KO• The key terms of the Share Purchase Agreement comprise:◦ 60:40 ownership structure between CCEP and AEV with comprehensive governance arrangements in place◦ Valuation of 100% of CCBPI at $1.