1AGM 19 May 2005

2005 Annual General Meeting

Terry DavisCCA Group Managing Director

Trading Performance Overview

2AGM 19 May 2005

2004 Financial Performance Summary

Dividends per Share

28c

23c

18.5c

14c12c

0

5

10

15

20

25

30

2000 2001 2002 2003 2004

Dividends increased by 133% over last 4 years

Net Profit, after tax

16.9% CAGR

ROCE*

*Return on Capital Employed

+4.0 pts

3AGM 19 May 2005

We Ultimately Judge Our Performance by the Amount of Value We Create for Shareholders

$1,000 invested in CCA in 2001 is worth

$1,750 today

4AGM 19 May 2005

Trading By Region

• Australia - Standout performance in 2004; 14.4% EBIT increase

• Oceania - Solid trading; NZ contributed to majority of $8.2m increase in 2004 EBIT

• Indonesia - returned to growth in 2004 but difficult Qtr1 2005 following Tsunami

• South Korea - Challenging trading conditions & 2004 EBIT fell to $4m- Not expected to return to profit in H1 2005

5AGM 19 May 2005

$366m Invested in Acquisitions (excl. SPC Ardmona) & $330m Generated from Non-Core Asset Sales

Pacific Beverages 2002

Rio Beverages

Peat’s Ridge Springs 2003

Neverfail

Crusta Juice 2004

Quirks Refrigeration

Northern Territory Coca-Cola Licence 2005

6AGM 19 May 2005

Commitment to Innovation - Vanilla Coke

• Launched Oct 2002

• Generated over $100m revenue in 2003 & 2004

• Refreshed March 2005

7AGM 19 May 2005

Commitment to Innovation - Fanta

2001 2004 2005

Fanta Spiders- Orange- Strawberry- Choc Orange

Fanta Sours- Apple- Watermelon

Fanta Flavours

8AGM 19 May 2005

Commitment to Innovation – Sprite Extensioninto Energy and Low Sugar Categories

9AGM 19 May 2005

Australia – Top 3 Water Brands, by value

Market Leadership in Australia

• From 15% to 35% share in last 2 years

10AGM 19 May 2005

New Zealand - Water Innovation Growing the Segment and Expanding Consumer Choice

New Zealand

Aquashot - “on-the-go” Water

• Launched July 2004

• Volume 50% ahead of launch targets

• approx. 20% share of NZ flavoured water segment

11AGM 19 May 2005

Major New Product Initiatives in 2005

South Korea Minute Maid Juice Range

Australia Fruitopia J & Fruitopia Classic

Coke with Lime

New Zealand A World FirstCoke with Raspberry diet Coke with Raspberry

12AGM 19 May 2005

SPC Ardmona - Strategic Rationale

1. Take advantage of trend to health and well being

2. Brands with strong consumer franchise

3. Value add by delivering higher service levels

4. Common key customer profile to CCA

13AGM 19 May 2005

PACKAGED FRUITMARKET LEADER

BAKED BEANS AND SPAGHETTI

IXL SPREADS; TAYLORS SAUCES AND MARINADESMARKET LEADER IN SPREADS

TINNED TOMATOESMARKET LEADER

Leading Brand Portfolio

14AGM 19 May 2005

SPC Ardmona - Strategic Rationale

1. Take advantage of trend to health and well being

2. Brands with strong consumer franchise

3. Value add by delivering higher service levels

4. Common key customer profile to CCA

15AGM 19 May 2005

Leading Brand Portfolio

Manufacturing plants 3

Countries (where products are sold) 50

Stock keeping units 1,900

Employees (full time) 800

60% Packaged Fruit

12% Henry Jones Spreads

11% Tinned Tomatoes

9% Baked Beans and Spaghetti

8% Other

Split of Revenue

16AGM 19 May 2005

Adding Value through Product & Package Innovation and Customer Relationships

• New Packaging Development

• New Product Development

• Other Opportunities• supply chain management• manufacturing• route trade distribution

17AGM 19 May 2005

2005 Full Year Outlook

FY 2005 – low double digit Net Profit GrowthH1 2005 – around 10% Net Profit Growth

• Full year earnings growth weighted to H2• Two less selling days in H1• Soft volume in first quarter• Full benefit of price increase in H2• SPC Ardmona synergies to begin in H2

18AGM 19 May 2005

The Changing Face of our Workforce

• Attracting talented & experienced people

• Strengthening management team

• Sharing best practice – sales and customer service

• Focus on training & development

• Improving diversity in our workforce

19AGM 19 May 2005

2004 Financial Performance SummaryWe Ultimately Judge Our Performance by the Amount of Value We Create for ShareholdersTrading By Region$366m Invested in Acquisitions (excl. SPC Ardmona) & $330m Generated from Non-Core Asset SalesCommitment to Innovation - Vanilla CokeCommitment to Innovation - FantaCommitment to Innovation – Sprite Extensioninto Energy and Low Sugar CategoriesAustralia – Top 3 Water Brands, by valueNew Zealand - Water Innovation Growing the Segment and Expanding Consumer ChoiceMajor New Product Initiatives in 2005SPC Ardmona - Strategic RationaleSPC Ardmona - Strategic RationaleAdding Value through Product & Package Innovation and Customer RelationshipsThe Changing Face of our Workforce