MANAGEMENT
The investors are here for the bottom line. They’re the eagle-eyed number crunchers watching revenue trends, profit margins, dividends, and return on equity like hawks in suits. What matters to them? Growth, stability, and whether Coca-Cola is delivering that sweet, fizzy ROI.
They’re not just sipping Coke — they’re buying into the future.


Performance
Underperforming units:
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Bottling investments – 26% decrease
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Water – 2% decrease
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Coffee – 3% decrease
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Energy drink – 1% decrease
Segment performance

Executive Compensation & Incentive Structure
Key Compensation Insights:
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CEO Pay (James Quincey): $24.7M total compensation; 93% performance-based
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Annual Incentive Payout: 190% of target, based on:
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Organic revenue: +11.5% vs 6.5% target
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Operating income: +16.0% vs 9.5% target


Financial And Strategic Performance
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2023 Organic Revenue Growth: +11.5% (non-GAAP)
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Comparable Currency-Neutral Operating Income: +16.0%
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GAAP Net Income: $10.7B
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EPS (Reported): Grew 4%
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Free Cash Flow: Strong contributor to compensation and reinvestment decisions
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Dividend Payouts: $8.0B to shareholders; 62nd consecutive annual increase
SUSTAINABILITY & ESG INTEGRATION
ESG Focus Areas:
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Water stewardship (100% replenishment since 2015)
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Circular Packaging (returnables, rPET in 40+ markets)
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Climate: 25% GHG reduction target by 2030, net zero by 2050
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Diversity, Equity & Inclusion (DEI):
o3-pronged approach: Workforce, Workplace, Marketplace
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Agriculture: Sustainable sourcing of key ingredients
Oversight:
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Managed by the Corporate Governance and Sustainability Committee
Monitored cross-functionally and through the board



Strategic Initiatives & Business Execution
2023 Execution Highlights:
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Coca-Cola Zero Sugar: +5% volume growth
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Sparkling Flavors (Sprite, Fanta): Volume & value share gains
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Fairlife: Double-digit volume growth
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Topo Chico, Fuze Tea, Jack & Coke RTD: Expanded category reach
Innovation:
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Coke Creations: AI-powered product launches (e.g., Coca-Cola Y3000 Zero Sugar)
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Studio X (Digital Marketing Engine): 60% of total media now digital
Digital Transformation & AI Strategy:
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Digital Spend: 60% of total media spend in 2023
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AI Use Cases: Marketing, operations, experimentation
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Studio X Launch: Combines marketing analytics, tech, and execution