Coca Cola Business Strategy Model September 2023

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OUR BUSINESS STRATEGY,

PRIORITIES, & LEADERSHIP MODEL

Our Purpose is to
Refresh the World
and Make a Difference
We’re clear on how we will do this through:
Loved Done For A Better
Brands Sustainably Shared Future

Seizing Momentum with Greater Agility


Through Our Growth Strategy
Our two strategy flywheels are spinning faster today and with more agility than before. The recent acceleration of our
strategy has left us better positioned to capture growth in the years ahead. With strong system alignment, we’re well-
equipped to manage through all kinds of external factors, and we’re more confident about our future than ever. We’ve
emerged stronger and our strategy remains the same.

Brand Cash Flow


Building Generation

Asset
Execution Optimization

TOPLINE RETURNS

Innovation/ Resource
M&A Allocation

Revenue Growth Margin


Management Expansion

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OUR BUSINESS STRATEGY,
PRIORITIES, & LEADERSHIP

Executing For Growth


The strength of our streamlined portfolio is significant, and our new networked operating structure is enabling our
consumer-centric growth strategy. Through the right portfolio, right strategy and right execution, we can continue to
generate strong top line growth and create value for stakeholders for the long term.

PORTFOLIO EXECUTION

Hydration, Sports, Nutrition, Juice,


Coffee & Tea Dairy & Plant

Emerging
Center Functions
Operations & Corporate Functions

Sparkling
Flavors
# OF
BRANDS
Global Category Teams
Platform Global Brand Marketing Operating
Services Units
RE
TA I UE
L VA L Global
Regional
Local
Coca-Cola
R&D Center

Leadership
Achieving our purpose requires nurturing a
culture that makes it possible. We believe that
everyone at Coca-Cola has the capacity to
lead, and everyone should be able to see some
aspect of themselves within the leadership
definition. Leaders at Coca-Cola commit to:
Be The Set The Help People Be
Be the Role Model, Set the Agenda, and Help Role Model Agenda Their Better Selves
People Be Their Best Selves.

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LEADERSHIP MODEL

Our Leadership & Growth Behavior


Commitment: Leaders at Coca-Cola commit to creating a thirst for growth — in our people, in our system, and in our
business — as we seek to refresh the world and make a difference.

Expectations & Behaviors: Leadership is less about a formal position and more about the act of leading. We all have
the opportunity and responsibility to lead and can do so by exemplifying the below expectations and behaviors.

Make Courageous Choices


Empower yourself and others to take risks and make things happen.

Foster Innovation
Be curious; always seek, never settle.

Be The Thrive in Ambiguity


Role Model Push for progress, not perfection. Embrace uncertainty as an opportunity for growth.

Envision the Future


Create an inspiring vision of the future and prioritize actions to achieve that vision.

Act as a Change Agent


Build the case for change and drive implementation.

Set The Apply an Enterprise Mindset


Agenda Leverage a deep understanding of internal and external factors to inform great
business decisions.

Influence Across the Network


Collaborate with others and inspire action that produces mutually beneficial outcomes.

Build Inclusion
Intentionally create an environment where everyone can thrive.

Help People Be
Develop Talent
Their Better Selves
Cultivate great talent that is diverse in thought, experiences, and backgrounds.

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