Sales FOR GENERAL RELEASE TO THE PUBLIC August 12, 2015 Business Outlook and Guidance


Following the developments in CCI's international markets in the first half of the year, we found it necessary to revise our 2015 guidance. Following the revision, we maintain our expectation for Turkey volume to grow at low single digits, while we now expect international operations to grow at mid single digits, and consequently consolidated volume to grow at mid-single digits.
We expect net sales revenue growth to be ahead of volume growth. Turkey revenues are expected to be positively impacted by price increases and favorable mix. On the other hand, given the past and possible devaluations and general economic slowdown in Central Asian countries and softer pricing resulting from tough competition in Pakistan, we expect flat to slight contraction in consolidated EBITDA margin, compared to 2014.
As announced previously within the scope of our 2015 investments, our new facilities in
Dushanbe (Tajikistan), Astana (Kazakhstan) and Multan (Pakistan) came on stream. Risks to our guidance:
There are some risks which may impede the achievement of our guidance, including but not limited to the following:
Sharp slowdown in consumption: With all sales generated from emerging and frontier markets, political or economic instability could deteriorate consumer sentiment.
Conflicts and unrests: CCI markets and nearby countries have been subject to ongoing political and security concerns, especially in recent years. There have been military and civilian hostilities in Syria and Iraq. While Syrian operations' contribution to the CCI's consolidated results is negligible, Iraq constitutes 9% of total group volume. Any further escalation of regional or civilian unrest in Iraq, may therefore impact the CCI results.
Currency devaluation and slowdown in economic growth: The currency markets have recently been extremely volatile, which could adversely affect CCI markets' growth and financial results in short-term. Following the devaluations in Azerbaijan, Turkmenistan and Kyrgyzstan, expectations for a possible devaluation in Kazakhstan still prevail in the market. Coupled with the declining commodity prices, economic growth in Central Asia is expected to slow significantly in 2015.
Increase in raw material costs: Adverse changes in raw material prices versus current outlook have a potential to impact raw material costs negatively which may negatively affect the margins.

Coca-Cola Icecek Investor Relations I Tel: +90 216 528 4480 I Fax: +90 216 365 8457 I CCI-IR@cci.com.tr I www.cci.com.tr

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Company Profile


Coca-Cola İçecek (CCI) is the fifth-largest bottler in the Coca-Cola System in terms of sales volume. CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company (TCCC) across Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan.
CCI employs over 10,000 people and has a total of 24 plants, offering a wide range of beverages to a consumer base of more than 370 million people. In addition to sparkling beverages, the product portfolio includes juices, waters, sports and energy drinks, teas and iced teas.
CCI's shares are traded on Borsa Istanbul (BIST) under "CCOLA.IS", American depositary receipts (ADR) are traded over the counter in the United States under "COLAY", Eurobond is traded on Irish Stock Exchange under "CCOLAT" tickers.

Contacts


Orhun Köstem
Chief Financial Officer
Tel: +90 216 528 4432 orhun.kostem@cci.com.tr
Deniz Can Yücel Investor Relations Manager Tel: +90 216 528 3386 deniz.yucel@cci.com.tr

Coca-Cola Icecek Investor Relations I Tel: +90 216 528 4480 I Fax: +90 216 365 8457 I CCI-IR@cci.com.tr I www.cci.com.tr

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