BAT Results Presentation Deck
On track to deliver full-year 2023 guidance
KI
3-5%
Organic Revenue
(Excluding Russia/Belarus)**
Growth*
Mid Single Figure
EPS Growth"**
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Continued strong New Category revenue growth*
Organic performance expected to be H2 weighted
U.S. commercial plans driving early signs of stabilisation
U.S. SAP-related inventory phasing in H1'22
>80% realised combustibles pricing in H1
BAT
A BETTER TOMORROW
* On a constant rate, organic basis. See Appendices A2 &. A7. ** Excluded from both FY22 and FY23. *** Adjusted Diluted EPS on a constant rate basis. See Appendices A1 & A2.
Timing of Russia/Belarus exit
H2 weighted New Category investment
Increased net finance costs to c.£1.9bn
2% transactional FX headwind on Adj. Profit from Operations
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