BAT Results Presentation Deck
H1 2022 - Transforming and Delivering
Transforming
our business
Delivering robust
financial results
20.4m adult consumers of
Non-Combustible products*
45% New Category revenue
growth**
50%+ (£281m) reduction in
New Category losses***
Strong brands powered by
innovation
Group revenue up +5.7%;
+3.7% at constant FX**
Reported diluted EPS down
-42.9%
Adjusted diluted EPS up
+5.7% at constant FX^
Confident in delivering FY22
guidance
BAT
●
A BETTER TOMORROW
Successfully navigating
the macro environment
£1.5bn Quantum savings
delivered 6 months ahead of
target
90bps improvement in adjusted
operating margin to 43.9%^^
Robust pricing - achieved c.90%
of planned pricing
£3.8bn YTD cash returns to shareholders: £2.5bn Dividends and £1.3bn Buyback
Reducing the health impact of our business. Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk free and are addictive. * See Appendix A6** At constant rates. See Appendix A2.
*** Reduction versus H1'21 at constant rates 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. See Appendix A2.. ^On an
adjusted constant rate basis. See Appendix A1 and A2. ^^ On an adjusted basis at current adjusted rates. See Appendix A1.
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