James Quincey

President & Chief Operating Officer

Barclays
Global Consumer
Staples Conference
September 9, 2015

Forward-Looking Statements
This 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 generally are not historical in nature.
Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from The Coca-Cola Companys historical experience and
our present expectations or projections. These risks include, but are not limited to, obesity concerns; water scarcity and poor quality; evolving consumer preferences; increased
competition and capabilities in the marketplace; product safety and 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 beverage products or packaging materials; increased demand for food products and decreased
agricultural productivity; 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 foreign currency exchange rates; interest rate increases; an inability to maintain good relationships with our bottling partners; a deterioration in our bottling partners'
financial condition; increases in income tax rates, changes in income tax laws or unfavorable resolution of tax matters; increased or new indirect taxes in the United States or in other
major markets; increased cost, disruption of supply or shortage of energy or fuels; increased cost, disruption of supply or shortage of ingredients, other raw materials or packaging
materials; changes in laws and regulations relating to beverage containers and packaging; significant additional labeling or warning requirements or limitations on the availability of
our products; an inability to protect our information systems against service interruption, misappropriation of data or breaches of security; unfavorable general economic conditions
in the United States; unfavorable economic and political conditions in international markets; litigation or legal proceedings; adverse weather conditions; climate change; damage to
our brand image and corporate reputation from negative publicity, even if unwarranted, related to product safety or quality, human and workplace rights, obesity or other issues;
changes in, or failure to comply with, the laws and regulations applicable to our products or our business operations; changes in accounting standards; an inability to achieve our
overall long-term growth objectives; deterioration of global credit market conditions; default by or failure of one or more of our counterparty financial institutions; an inability to
timely implement our previously announced actions to reinvigorate growth, or to realize the economic benefits we anticipate from these actions; failure to realize a significant portion
of the anticipated benefits of our strategic relationships with Keurig Green Mountain, Inc. and Monster Beverage Corporation; an inability to renew collective bargaining agreements
on satisfactory terms, or we or our bottling partners experience strikes, work stoppages or labor unrest; future impairment charges; multi-employer plan withdrawal liabilities in the
future; an inability to successfully integrate and manage our Company-owned or -controlled bottling operations; an inability to successfully manage the possible negative
consequences of our productivity initiatives; global or regional catastrophic events; and other risks discussed in our Companys filings with the Securities and Exchange Commission
(SEC), including our Annual Report on Form 10-K for the year ended December 31, 2014 and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from
the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Coca-Cola Company undertakes no obligation to
publicly update or revise any forward-looking statements.

Agenda

Abundant opportunity
Strategic initiatives
Restoring momentum

Transforming our business

Stronger core assets and capabilities

Abundant Opportunity In A High-Growth Industry

million*

trillion*

in Middle
Class Growth

in Personal
Consumption
(PCE) Growth

Source: IHS Inc.

Source: IHS Inc.

NARTD Retail Value Growth

Source:
Internal
estimates
Source:
Euromonitor
and internal estimates

*Projected growth 2015 2020. NARTD excludes white milk and bulk water.

billion*

Strategic Initiatives To Restore Momentum And Transform Our Business

Aggressive
Productivity

Streamline
Organization

Disciplined
Investments

Segmented Core Business

Market Roles
Model

Restoring Momentum

Aggressive
Productivity

Streamline
Organization

Disciplined
Investments

Segmented Core Business

Market Roles
Model

Eliminate costs and redirect resources to value-creating activities

Standardize and streamline processes to speed decision making
Disciplined investment framework to create value and restore momentum

Disciplined Investment Framework Showing Early Signs Of Progress

High

Improving value share trends in every

operating group
Improving price elasticity in key markets
Strong performance of brand Coca-Cola
in China

Low

Media Spending

Quality & Quantity of Marketing

Note: Based on Q2 2015 operating results

Good

Great
Quality

Transforming Our Business

Aggressive
Productivity

Streamline
Organization

Disciplined
Investments

Segmented Core Business

Market Roles
Model

Revenue growth strategies tailored to segmented market roles

Focus system on core strengths and capabilities
Concentrate driven organization (less capital intensive with higher returns)

Revenue Growth Management Not A One Size Fits All Approach

Emerging Markets

NARTD Volume Growth

high industry growth, low market share

Developing Markets
high industry growth, high market share

Balanced Volume
and Price Realization

Volume Led

Developed Markets
low industry growth, varied market share

Price Realization Led

NARTD Market Share

9

Indonesia

Coca-Cola
European Partners

Creates competitively advantaged model

tailored to the U.S. market

Creates the largest independent Coca-Cola

bottler based on net revenues

Roadmap to retain ~1/3 of the U.S.

bottler-delivered business by end of 2017

Increases scale and flexibility across

Western Europe

Coca-Cola
Amatil Indonesia

Global System
Coca-Cola
Beverages Africa
Investments

Joint venture to capture growth in this

fast-growing emerging market

Creates the largest African Coca-Cola

bottler (10th largest worldwide)

Population of more than 250 million (4th

largest population in the world)

Right
GreaterExecution
choice, availability
Dailyand value to
capture the tremendous opportunity

Africa

10

21st Century Beverage

Partnership Model

RED
Europe

North America

Continuing To Strengthen Our System In Key Markets

Stronger Core Assets And Capabilities

DYNAMIC
BRAND
PORTFOLIO
Disciplined portfolio
decisions
Expand consumption
occasions

11

GREAT
MARKETING
Quality
Quantity

Strategy

SUPERIOR
EXECUTION
Unparalleled
distribution system
Capabilities and
investments

11

Q&A