The Coca-Cola Company Investor Presentation — July 2020

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SECOND QUARTER 2020 EARNINGS CALL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 stat ements, which generally 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 dif fer materially from its historical experience and our

present expectations or projections. These risks include, but are not limited to, the negative impacts of the novel coronavir us (COVID -19) pandemic on our business; obesity and other

health -related concerns; evolving consumer product and shopping preferences; increased competition; water scarcity and poor qual ity; increased demand for food products and

decreased agricultural productivity; product safety and quality concerns; perceived negative health consequences of certain i ngredients, such as non -nutritive sweeteners and

biotechnology -derived substances, and of other substances present in our beverage products or packaging materials; an inability to be successful in our innovation activities; 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 to digitize the Coca -Cola system; changes in the retail landscape or the loss of key retail or foodservice custome rs; an inability to expand operations in emerging and

developing markets; fluctuations in foreign currency exchange rates; interest rate increases; an inability to maintain good r elationships with our bottling partners; a deterioration in our