Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 350

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 350
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 0.7 |     |                   |     6.3 |     |              |   5.4 |     |     |   0.9 |
| Customer equipment2                   |     | 2 - 15            |     |      |   456.2 |     |              | 221.2 |     |     | 235.0 |     |                   |   449.4 |     |              | 197.8 |     |     | 251.6 |
| Returnable bottles3                   |     | 1.5 - 5           |     |      |   125.1 |     |              |  79.0 |     |     |  46.1 |     |                   |   100.6 |     |              |  55.8 |     |     |  44.8 |
| Finance leases4                       |     |                   |     |      |    91.2 |     |              |  46.2 |     |     |  45.0 |     |                   |    80.3 |     |              |  34.6 |     |     |  45.7 |
| Total                                 |     |                   |     | $    | 1,127.4 |     | $            | 570.9 |     | $   | 556.5 |     | $                 | 1,042.4 |     | $            | 492.9 |     | $   | 549.5 |

F-102

| 1 | Leasehold improvements are amortized over the shorter of their estimated useful lives or the related lease 
 life.                                                                                                      |

| 2 | Customer equipment consists of coolers, refill equipment, brewers, refrigerators, water purification devices 
 and storage racks held on site at customer locations.                                                        |

| 3 | Returnable bottles are those bottles on site at customer locations. |

| 4 | Our recorded assets under finance leases relate to machinery and equipment, customer equipment, IT systems and 
 vehicles and transportation equipment.                                                                         |

The amounts above include construction-in-progressof $4.6 million and $1.4 million as of December 30, 2023, December 31, 2022, respectively. Depreciation expense, which includes depreciation recorded for assets under finance leases, was $152.7 million, $140.0 million, and $120.7