Nov 15, 2018 — three brands of water: Bonaqua in Hong Kong, Ice the amount of rPET in our Bonaqua bottles. The without-waste-en-181204.pdf. Source:

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One major achievement this year has been forming a partnership with ALBA Group Asia Limited and Baguio Waste Management & Recycling Limited to design, build and operate a PET and HDPE recycling facility in Hong Kong. The facility will process Hong Kong™s post-consumer soft drink PET bottles and HDPE from personal care products to raw materials which can then be reused. More information on this can be found in the Packaging and Waste Management section of this report. PET & HDPE Recycling facility [Hong Kong]

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Message from our Managing Director 4About this Report 6Swire Coca-Cola Overview 7Achieving Sustainable Development 12Water Stewardship 23Carbon34Packaging and Waste Management 45Community Engagement 59Gender Equality 65Safety 70Product Choice and Labelling78Product Quality and Food Safety 82Procurement and Sourcing84Moving forward 86Reporting Standards and Scope of Report 88Awards and Recognition 91GRI Standards Content Index 96Performance Tables 100Appendix105CONTENTS

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4MESSAGE FROM OUR MANAGING DIRECTOR Sustainable Development Swire Coca-Cola is committed to sustainable development. It is our duty to build a sustainable business which supports sustainable communities living in a sustainable environment. 2018 marks the ˜rst full year since our large-scale refranchising in Mainland China and the U.S. We are now the ˜fth largest bottling partner to The Coca-Cola Company globally in terms of sales volume. The recent increase in the scale of our business and the footprint of our operations makes our commitment to sustainable development even more critical. We recognise the importance of frank, open and honest reporting of all aspects of sustainable development and this report is intended to demonstrate our commitment to transparency. Our Progress We hold ourselves fully accountable to the commitments we make. We don™t pay lip- service. We focus on those areas of sustainable development where we can make the most difference to the communities and environments where we operate. In the last year we have achieved the following results in four key areas of sustainable development: 1. Primary packaging In Hong Kong we formed a partnership to develop the territory™s ˜rst PET and HDPE recycling facility. As a founding member of the #Drink Without Waste initiative, we will be leading the city™s drive towards effective collection, recovery and recycling of PET and HDPE, with the aim of minimising the amount of PET and HDPE which goes to land˜ll or pollutes the environment. We issued policies on packaging waste and post-consumer primary packaging which are aligned with The Coca-Cola Company™s

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5World Without Waste commitments and in line with the New Plastics Economy of the Ellen MacArthur Foundation, of which we are also a member. 2. Water stewardship We are proud to report that the Coca-Cola system of which we are a part remains fiwater positivefl in all markets where we operate. 3. Greenhouse gas (GHG) emissions We have undertaken an in-depth internal review of our cold drink equipment ˚eet, which is our largest source of greenhouse gas emissions. We have determined the actions required to control emissions from the growing number of equipment we will place in our markets in the coming years. 4. Gender equality We have made good progress since last year™s report. Our Gender Equality Steering Committee continues to drive impressive results and our Women™s Network continues to develop. We conducted a gender pay gap analysis across all markets and have reported those results. Our Outlook for a Sustainable Future Our sustainable development strategy encompasses those aspects of the environmental, safety and social impact which are most material to our stakeholders. We will continue to drive tangible improvements by setting clear targets and key performance indicators. We have undertaken to engage in a science-based target (SBT) pilot programme in 2019 to enhance our efforts to control greenhouse gas emissions. We will continue to drive down sugar content in our portfolio by offering a greater range of low- and no- sugar options as well as introducing new formulae for our established brands. We will continue to make real progress in diversity and inclusion and human rights practices. We hold ourselves fully accountable that this information in this report is transparent, accurate and genuine. We welcome any feedback you may have as we strive for continuous improvement in our sustainable development reporting. Patrick Healy Managing Director, Swire Coca-Cola Ltd.

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6We Welcome Your Feedback For more information or to share your comments or suggestions, please contact our sustainability team: ABOUT THIS REPORT This report describes the performance and approach of Swire Coca-Cola Limited (Swire Coca- Cola) in material areas of sustainable development for the calendar year 1 January to 31 December 2018. Swire Coca-Cola is the ˜fth largest bottler in sales volume for The Coca-Cola Company, and is wholly owned by Swire Paci˜c Limited. This is the second annual Sustainable Development Report prepared by Swire Coca-Cola. It has been prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core option. It should be noted that Swire Beverages Limited changed its name in April 2019 to Swire Coca-Cola Limited. The change of name symbolises a new start of the company after the completion of refranchising in 2018 and re˚ects the long-term mutual commitment to true partnership between Swire Paci˜c and The Coca-Cola Company. This report presents Swire Coca-Cola™s performance data covering all bottling plants owned and operated by Swire Coca-Cola across four markets: Hong Kong, Mainland China, Taiwan and a stretch of the United States. We endeavor to provide a balanced, honest and transparent account of our performance. Certain data points in this report have been limited assured by Deloitte. The veri˜cation statement can be found on page 107. William Davies General Manager, Sustainability Scholastica Sze Wan Tsoi Manager, Sustainability Swire Coca-Cola Limited 33/F Dorset House, Taikoo Place, 979 King™s Road, Hong Kong

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8Washington OregonIdahoWyoming SouthDakota Nebraska Colorado New Mexico ArizonaCaliforniaNevada UtahUnited States MainlandChinaHainanJiangxiHenanGuangxiZhejiangShanghaiYunnan AnhuiJiangsuHong Kong Taiwan GuangdongZhanjiang, GuangdongHubeiFujian Operating Locations in the U.S. Our Operating Locations Our Operating Locations Mainland China18 bottling plants 20,618 employees | 21 beverage brands 228 distribution centres 6,152 million litres in production volume Hong Kong – headquarter 1 bottling plant | 1,518 employees 21 beverage brands | 315.5 million litres in production volume Taiwan 1 bottling plant | 873 employees 17 beverage brands | 3 distribution centres 134.4 million litres in production volume U.S.6 bottling plants6,848 employees | 39 beverage brands 48 distribution centres 1,447.7 million litres in production volume Operating Locations in Mainland China, Taiwan and Hong Kong Note: Kaohsiung, Taiwan bottling plant is no longer a part of Swire Coca-Cola starting in April 2018

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9˜˚˛˝˜˚˛˝˜˚˛˝˝˜˚˝˝˝˙˚˛˝˝˙˚˝˝˝˛˝˝˝˛˙ˆ˝ˇ˜˝˘ˆˇ˛ˆˇˆ˜˜˚˘˝˙ˆˇ˘ ˘ ˜˚˛˝˜˚˛˝Our 2018 Financials and Key Metrics Attributable Profit2017 and 2018 RevenueKey Financial Data HK$million2018Change year-on-year Attributable pro˜t 1,630-33%Recurring pro˜t* 1,354+41%Recurring EBITDA #3,840+18%EBITDA margin #9.0%-0.2% pt* Excludes non-recurring items. # Includes that of joint venture companies and excludes non-recurring gains and central costs.

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10˜˚˜˜˚˛˜˝˜˜˝˛˜˙˜˜˙˛˜˛˜˝˜˚ˆ˝˜˜ˆFranchise population(millions)(end 2018)GDP percapita(US$)Sales volume (million unit cases)20182008Per capita consumption of Coca-Cola beverages (8oz servings) Mainland China668.210,5471,334600Hong Kong 7.4 47,426 6657Taiwan 23.625,0485658U.S.28.846,76329986Note: A unit case comprises 24 8-ounce servings. #Revenue and volume includes joint venture companies and excludes sales to other bottlers. #Revenue and volume includes joint venture companies and excludes sales to other bottlers. *Revenue and volume includes joint venture companies and excludes sales to other bottlers. Per Capita Consumption in Franchise Territories Sales Revenue #Breakdown of Total Revenue by Category* Sales Volume #˜˚˛˛˛˝˚˙˛˛˝˚˛˛˛˙˛˛˛ˆ˙˚˛˛˛ˇ˙˚˛˛˛˜˙˚˛˛˛˝˙˚˛˛˛˙˚˛˛˛˛20092010201120122013201420152016201720182009201020112012201320142015201620172018˜˚˛˝ ˜˚˛˝ ˙ˆˇ˘ ˜˚˛˝˜˚˛˝˙ˆˇˆ˘ˆ˝ˆ˛˜ˆ˙ˆ˘ˆ˝ˆ˛˜ˆ

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11#Revenue and volume includes joint venture companies and excludes sales to other bottlers. #Revenue (in local currency terms) and volume includes joint venture companies and excludes sales to other bottlers. Growth in Revenue and Volume in 2018 by Category #Breakdown of Total Revenue by Region and Category #˜˚˛˝˝˝˜˝˛˝˝˝˙˚˛˝˝˝˙˝˛˝˝˝˚˛˝˝˝˝˜˝˙ˆ˜˝˙ˇ˜˝˙ˆ˜˝˙ˇ˜˝˙ˆ˜˝˙ˇ˜˝˙ˆ˜˝˙ˇ ˜˚˛˝˙˚˝ˆ ˇ˘˛˝˚ ˝˝ ˚˛˚˝ ˜˛˙˙ Mainland ChinaHong Kong Taiwan U.S.Revenue Volume Revenue Volume Revenue Volume Revenue Volume Sparkling27%23%5%3%4%1%11%5%Juice13%14%4%2%4%4%8%-2%Water 24%19%-6%-3%54%33%7%7%Other still (excluding water) 4%-14%3%2%16%33%11%5%Energy drinks9%7%16%4%208%212%22%27%Tea 409%188%6%4%6%9%-1%-4%

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