The Coca-Cola Company Investor Presentation — February 2021

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FOURTH QUARTER 2020 EARNINGS CALL

February 10, 20212This presentation may contain statements, estimates or projections that constitute “forward -looking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,”

“intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward -looking statements, which general ly are not historical in nature. Forward -looking statements are subject to certain

risks and uncertainties that could cause The Coca -Cola Company’s actual results to differ materially from its historical experie nce and our present expectations or projections. These risks include, but are

not limited to, the negative impacts of the COVID -19 pandemic on our business; obesity and other health -related concerns; evolvi ng consumer product and shopping preferences; increased competition;

water scarcity and poor quality; increased demand for food products and decreased agricultural productivity; product safety a nd quality concerns; perceived negative health consequences of certain

ingredients, such as non -nutritive sweeteners and biotechnology -derived substances, and of other substances present in our bever age products or packaging materials; an inability to be successful in our

innovation activities; an inability to realize the economic benefits for our reorganization and related reduction in workforc e; an inability to protect our information systems against service interruption,

misappropriation of data or breaches of security; failure to comply with personal data protection and privacy laws; failure t o digitize the Coca -Cola system; changes in the retail landscape or the loss of

key retail or foodservice customers; an inability to expand operations in emerging and developing markets; fluctuations in fo reign currency exchange rates; interest rate increases; an inability to maintain