Risk Factors Update Summary

• Disruption of manufacturing and distribution operations may lead to increased costs and supply chain constraints.
• Equity method investments managed independently may negatively impact financial performance. This could result in significant fluctuations in foreign exchange rates and interest rates.
• Changes in payment terms with suppliers, reducing from 10 to 360 days, negatively impact liquidity.
• Ongoing investments in facilities and technologies may not achieve intended financial benefits.
• Changes in retail landscape, including consolidation and increased purchasing power, may impact profitability.
• Failure to comply with personal data protection laws could result in substantial penalties or litigation.
• Reduction in payment terms may lead to increased need for short-term financing, affecting cash flow.
• Dependence on third-party bottling companies, some of which are competitors, poses financial risks.
• Failure to maintain strategic relationships with key customers could adversely affect business performance.
• Cybersecurity breaches could lead to business disruption, performance degradation, and processing inefficiencies.
• Water scarcity and quality issues could increase production costs, disrupt supply chains, and damage reputation.
• Changes in tax laws may impact the effective tax rate, leading to variability in quarterly and annual financial results.