BAT Investor Conference Presentation Deck
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Full Year 2022 - Transforming and Delivering
Transforming
our business
Continued New Category
growth momentum
• Strong H2 investment plans
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• Further New Category loss*
reduction
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Delivering robust
financial results
Revenue growth of 2-4%**
Mid-Single figure EPS
growth"
***
• Continued strong cash
generation
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Successfully
navigating the
macro environment
●
BAT
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A BETTER TOMORROW
Leveraging our
organisational agility
Quantum savings in excess
of £1.5bn
Continued pricing power^
Committed to delivering long term sustainable shareholder value
* Reduction at category contribution level: Profit from the sales of brands after deduction of directly attributable costs (including R&D, marketing) and before allocation of overheads.** On a constant rate basis. See Appendix A2. *** On an adjusted, constant rate 6
basis. See Appendix A1 & A2. ^ References to pricing power reflect our balanced portfolio across price tiers and low global elasticities for our combustible products. The terms are not intended to reflect any of the Group's future pricing intentions.View entire presentation