British American Tobacco P.l.c. · LSE:BATS
British American Tobacco P.l.c — Investor Day (2026)
14 slides from British American Tobacco P.l.c's investor day presentation, Sep 30, 2026
Slide 1: Operational Excellence
Operational Excellence Luciano Kirst, EVP Operations, Reynolds American
Slide 2: Important Information
Important Information The information contained in this presentation in relation to British American Tobacco p.l.c. (“BAT”) and its subsidiaries has been prepared solely for use at this presentation. The presentation is not directed to, or intended for distribution to or use by, any person or entity
Slide 3: Important Information
Important Information Additional Information All financial statements and financial information provided by or with respect to the U.S. or Reynolds American Inc. (“Reynolds”) are initially prepared on the basis of U.S. GAAP and constitute the primary financial statements or financial records of the
Slide 4: U.S. Operations core strengths
U.S. Operations core strengths Proven transformation A simplified Future ready execution high funding capability performing growth build multi-category footprint with scale strengthening competitiveness Delivering performance today while building the capabilities for future growth 4
Slide 5: U.S. Operations at a glance
U.S. Operations at a glance SIMPLIFIED FACTORY PROVEN SUPPLY SEED TO SHELF FOOTPRINT NETWORK EXPERTISE +125k annual Driven by 1,800+ containers operational specialists #1 buyer of U.S. leaf* +2.4m sq ft Across multi-category manufacturing expertise 1,800+ 93% 6 suppliers domestic functions A winning
Slide 6: (Video – U.S Operations)
all y (Video — U.S Operations)
Slide 7: Transforming U.S. Operations
Transforming U.S. Operations FOOTPRINT U.S. FOCUSED TRADITIONAL OPTIMISATION CATEGORIES Stronger & simpler Scaled multi-category Strategic export hub operation operation To a strong & competitive growth engine 7
Slide 8: Optimising our global supply with U.S. strategic export hub
Optimising our global supply with U.S. strategic export hub U.S. tobacco Expand U.S. Operations purchases* talent base** delivering financial value +25% +10% beyond savings strengthening growers strengthening capability >30 production modules moved in 20 months Delivering supply resilience & financi
Slide 9: U.S. Modern Oral capacity increased to 1bn cans
U.S. Modern Oral capacity increased to 1bn cans Business case to 20 +350 launch automated line start-ups new joiners Within 6 months within 24 months within 24 months We’re only getting started… Driving value at speed and scale 9
Slide 10: Delivering MO quality and agility at scale
Delivering MO quality and agility at scale U.S. MODERN ORAL BLENDING Next generation controls Optimising cost through automation Integrated quality solutions Setting the standard for quality, efficiency and growth Building tomorrow’s capabilities today 10
Slide 11: U.S. Operations delivering today
U.S. Operations delivering today A simplified high performing £2.5bn multi-category footprint Investment committed* Proven transformation execution 2,000+ funding growth U.S. jobs** strengthening competitiveness Mostly New Category Future ready investment capability build with scale And growing tomo
Slide 12: Appendices
Appendices capitis Markets ag 2026)
Slide 13: Appendix
Appendix Unless otherwise stated, absolute financials are presented at constant rates of exchange, growth in financial metrics is presented at constant rates of exchange and share data is presented versus full prior year. A1: Non-GAAP financial measures Adjusting (Adj.) Adjusting items represent cer
Slide 14: Glossary
Glossary ADC: Average Daily Consumption SKU: Stock Keeping Unit ANC: Adult Nicotine Consumer SPLY: Same Period Last Year APFO: Adjusted profit from operations THR: Tobacco Harm Reduction ARR: Annual Recurring Revenue VIV: Vapour Weighted Industry Volume AWAP: Above weighted average price VFM: Value
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