British American Tobacco Malaysia Bhd. · MYX:BAT
British American Tobacco Malaysia Bhd — Q1 2013 Earnings Presentation
22 slides from British American Tobacco Malaysia Bhd's earnings presentation, Apr 22, 2013
Slide 1: Analyst Briefing Quarter 1, 2013
ANALYST BRIEFING QUARTER 1, 2013 22nd April 2013
Slide 2: Agenda
AGENDA Industry Review, Market Share and Volumes BATM Review Financial Highlights - Quarter 1, 2013 Results Other Highlights Future Prospects
Slide 3: Industry Review, Market Share, Volumes
INDUSTRY REVIEW, MARKET SHARE, VOLUMES
Slide 4: Industry Volume: Softened in Q1'13 vs. SPLY
Industry Volume: Softened in Q1’13 vs. SPLY Source: Industry Exchange, Invoice volumes (Kretek + Whites) Industry Volumes (bns) Big3 + Other Whites + Kretek 4.36 3.69 3.47 3.64 5.9% 3.33 Q1 Q2 2012 2013 Q3 Q4 Volume Variance % Variance Volume Variance % Variance Q1 2012 Q1 2013 Q1 2013 vs. SPLY Q1 2
Slide 5: Premium segment further grew to 73.8% SOM
Premium segment further grew to 73.8% SOM Source: YTD Mar’13 Malaysia Retail Audit (Base: Total Legal Market – White + Kretek) 80 72.1 73.8 YTD 2012 SOM % 60 YTD 2013 40 23.7 23.7 20 4.2 2.5 0 Premium Aspirational Premium VFM SPLY 2012 YTD 2013 Share of Premium YTD Mar Share of Premium YTD Mar 2012
Slide 6: % Illicit
Reasonable price increase & strong enforcement by authorities have resulted in marginal decline in Illicit Trade in 2012 Source: Illicit Cigarette Study, 2008 - 2012 37.5 40 36.3 36.1 -1.2ppt 34.5 -0.2ppt -1.6ppt 35 30 20.7 25 21.9 22.7 % Illicit 23.6 20 15 16.7 10 14.4 13.4 10.9 5 2009 2010 2011 20
Slide 7: BATM Review
BATM REVIEW MALAYSIA
Slide 8: BAT: Continue to deliver corporate share growth
J&J - Oil 3 BAT: Continue to deliver corporate share growth in Period Ended MAR13 | Hide NA's | Colour % Chg | Share of Sum(PROD) 2013 Source: YTD Mar’13 Malaysia Retail Audit (Base: Total Legal Market – White + Kretek) +1.5ppt BAT share growth driven by Dunhill
Slide 9: Dunhill: Maintains strong growth since 2010
BAT Dunhill: Maintains strong growth since 2010 Source: YTD Mar’13 Malaysia Retail Audit (Base: Total Legal Market – White + Kretek) +1.1ppt +2.5ppt Mar 2013 Q4 2012 Q4 2012 Dunhill Ice – High Menthol Capsule New RELOC Seal Design Dunhill Switch Reinforcement campaign product: Nationwide launch Sour
Slide 10: Pall Mall: Stabilized share at circa 5.4% SOM
Pall Mall: Stabilized share at circa 5.4% SOM Source: YTD Mar’13 Malaysia Retail Audit (Base: Total Legal Market – White + Kretek) BAT -0.5ppt -0.2ppt Feb 2012: Launch of Pall Mall Mint Jul 2012: Pall Mall Core Range Re-launch Sep 2012: Pall Mall Original Taste Pack Upgrade Source: Malaysia Retail A
Slide 11: Peter Stuyvesant: Resilient at 3.1% SOM
Peter Stuyvesant: Resilient at 3.1% SOM Source: YTD Mar’13 Malaysia Retail Audit (Base: Total Legal Market – White + Kretek) BAT -0.1ppt Source: Malaysia Retail Audit (Base: Total Whites, YTD MAR13) Produk ini mengandungi lebih 4,000 bahan kimia termasuk tar, nikotina dan karbon monoksida yang memba
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS MALAYSIA
Slide 13: Volume and Revenue Mix
Volume and Revenue Mix *SFG (Semi Finished Goods) include Non Cigarette sales converted to Cigarette equivalent unit of measures
Slide 14: Quarter 1, 2013 vs Quarter 1, 2012
Quarter 1, 2013 vs Quarter 1, 2012
Slide 15: Q1 Dividends
Q1 Dividends 2012: RM2.72 - 97.4% Payout Q1 2013: 95.1% Payout 0.77 0.68 0.65 0.65 0.65 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Dividends for Q1 2013 at 68 cents per share
Slide 16: Other Highlights
OTHER HIGHLIGHTS MALAYSIA
Slide 17: Recent CR Highlights
Recent CR Highlights Completion of Building Homes for Hardcore Poor – Desa KEDA Nagalilit, Kedah Second phase of Company’s initiative completed in February 2013
Slide 18: Recent CR Highlights
Recent CR Highlights The Asset Corporate Awards 2012 Gold Award for Investor Relations – F&B sector (represents the 9th recognition received from The Asset)
Slide 19: Recent CR Highlights
Recent CR Highlights Launch of BAT plc Sustainability Summary 2012 • Report on the Group’s sustainability agenda and performance globally • Available for download on www.bat.com • For iPad and Android tablets: iTunes App Store and Google Play App Store – ‘bat sustainability’ Produk ini mengandungi l
Slide 20: Future Prospects
FUTURE PROSPECTS MALAYSIA
Slide 21: Future Prospects
Future Prospects The Group seeks to continue its recent strong share growth momentum. However, the Group is concerned with the decline in the overall market size and associated impact on domestic volume. Despite a gradual reduction in illicit trade, illicit white cigarettes have increased whic
Slide 22: Thank You
THANK YOU BRITISH AMERICAN TOBACCO MALAYSIA
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