British American Tobacco Malaysia Bhd. · MYX:BAT
British American Tobacco Malaysia Bhd — H2 2024 Earnings Presentation
11 slides from British American Tobacco Malaysia Bhd's earnings presentation, Feb 13, 2025
Slide 1: H2'24 Analyst Briefing
H2‘24 Analyst Briefing BAT Malaysia 13th February 2025
Slide 2: Disclaimer - External
DISCLAIMER - EXTERNAL COPYRIGHT © 2024 BRITISH AMERICAN TOBACCO EXPORTS LIMITED AND/OR COMMERCIAL MARKETERS AND DISTRIBUTORS SDN BHD (“BAT EXPORTS LTD”). ALL RIGHTS RESERVED. NO PART OF THIS DOCUMENT MAY LIKEWISE, CONSISTENT WITH BAT‘S RESPONSIBLE MARKETING PRINCIPLES, TERMS SUCH AS "CONSUMER", BE R
Slide 3: Disclaimer - External
DISCLAIMER - EXTERNAL COPYRIGHT © 2024 NICOVENTURES TRADING LIMITED AND/OR COMMERCIAL MARKETERS AND DISTRIBUTORS SDN BHD LIKEWISE, CONSISTENT WITH BAT‘S RESPONSIBLE MARKETING PRINCIPLES, TERMS SUCH AS "CONSUMER", (“NVT”). ALL RIGHTS RESERVED. NO PART OF THIS DOCUMENT MAY BE REPRODUCED IN ANY FORM OR
Slide 4: 2024 BATM Strategy
2024 BATM Strategy A Better Tomorrow Building a Switch Smokeless to Better World Quality Sustainable Dynamic Growth Future Business Our Values
Slide 5: Illicit vs Legal
Illicit vs Legal Illicit Incidence continues to decline Average legal Industry Volume (mns) 63.8% 568 594 588 575 535 57.7% 56.6% 55.6% 55.0% 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Source: CMTM Industry Exchange Source: Nielsen Illegal Cigarettes Study Despite the decline in Illicit incid
Slide 6: Regulations gazetted in Oct 2024
Regulations gazetted in Oct 2024 1st Oct 2024 1st Apr 2025 1st Oct 2025 1st Oct 2026 NEW REGS - • Retail Display Ban • 65% PHW - • Product registration Ban on, • Advertising, Promotion & Sponsorship • Retail Display Ban • Product registration • NIC CAP: 35mg to 20mg • ML CAP: 3ml to 2ml • eCom/ Vend
Slide 7: Q4 '24 Business Performance - SPLY
Q4 ‘24 Business Performance - SPLY 54.3% -1.0% +9.3% -1.0ppt vs Q4’23 vs. Q4’23 vs. Q4’23 Illegal Legal Domestic Total Incidence Volume BAT Volume Industry Illicit backflow to vapour | Portfolio Strategy in place to capture volume Source: Illegal Cigarettes Study , Study on the Malaysian Vaping Indu
Slide 8: Accelerating Our Sustainability Agenda
Accelerating Our Sustainability Agenda E S G Communities National Corporate Governance ZERO and Sustainability Awards 2024 waste sent to landfill (by Q3 2024) 100% 10 new gardens recycling rate of waste generated H2 2024 by 2025 (vs. 2017 baseline) AWS 55% female RA members Industry Excellence Award
Slide 9: Q4'24 Financial Performance – Key Highlights
Q4’24 Financial Performance – Key Highlights SPLY +9.3% vs Q4 ‘23 +2.7% +19.5% vs Q4‘23 vs Q4 ‘23 BAT Volume Revenue Operating Profit FY +0.8% vs FY23 +0.2% -0.8% vs FY23 vs FY23 BAT Volume Revenue Operating Profit
Slide 10: Q4'24 Dividend Proposal
Q4’24 Dividend Proposal Q4’24 Q4’23 Var Dividend for Board’s Approval Total BAT Volume (bn sticks) 0.93 0.84 11% 15 sen per ordinary share RM42.8mn, payable on 6 March 2025 Revenue (RM mn) 653 636 3% Dividend Yield 8%* Operating Profit (RM mn) 77 64 20% Profit after tax Share Price (RM) (RM mn) 49 4
Slide 11: Building A Better Tomorrow
Building A Better Tomorrow 1 Combustible Value Growth Sustainability 2 Step-Change in New Categories Accelerating Tomorrow’s Leaders 3 A Simpler & Smarter Company
British American Tobacco (Malaysia) Berhad — H2 2024 Earnings Presentation on 6ix