British American Tobacco P.l.c. · LSE:BATS
British American Tobacco P.l.c — Investor Day (2026)
11 slides from British American Tobacco P.l.c's investor day presentation, Sep 29, 2026
Slide 1: Welcome
Welcome Victoria Buxton, Group Head of Investor Relations David Waterfield, President 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: Capital Markets Day 2026 Day Agenda
Capital Markets Day 2026 Day 1 Agenda 12:00 – 14:20 Interactive Exhibitions & Lunch 08:00 Presentations start Innovation | Digital & AI | U.S. Trade Marketing Welcome Belief Shaping & Behaviour Shifting through Tobacco Harm Reduction 1 11 Victoria Buxton, Group Head of Investor Relations; David Wate
Slide 5: Day Logistics
Day 1 Logistics Lunch & interactive exhibitions | 12:00 – 14:20 3 x groups – each rotates through all sessions in turn 1. Innovation exhibitions Modern Oral | Vapour & Heated Products | Combustibles 2. Digital & AI Connected app & AI on product | Cost of Sales | R&D and ChatBAT 3. Lunch & U.S. Trade
Slide 6: Welcome to Winston-Salem
Welcome to Winston-Salem Capital Markets Day · Winston -Salem, North Carolina
Slide 7: Winston-Salem: A City of Reinvention
WINSTON-SALEM AT A GLANCE Winston-Salem: A City of Reinvention c.250k Winston-Salem Region RESIDENTS LOCATION An anchor of the Piedmont Triad Northwest North Carolina about 80 with Greensboro and High Point, a miles north of Charlotte and an hour region of about 1.7 million from the Blue Ridge Mount
Slide 8: 150 Years of Building What's Next
WELCOME TO WINSTON-SALEM, HOME OF REYNOLDS 150 Years of Building What’s Next 1875 – 1925 Establishing the Foundation Founded in Winston-Salem, built national brands and established community roots 1925 – 1975 Growth, Expansion & Progression Expanded scale, invested for growth and helped shape Winsto
Slide 9: Appendices
Appendices capitis Markets ag 2026)
Slide 10: Appendix: Non-GAAP financial measures
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 11: 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
British American Tobacco p.l.c. — Investor Day (2026) on 6ix