British American Tobacco Malaysia Bhd. · MYX:BAT
British American Tobacco Malaysia Bhd — Q1 2015 Earnings Presentation
21 slides from British American Tobacco Malaysia Bhd's earnings presentation, April 2015
Slide 1: Analyst Briefing Quarter 1, 2015
Analyst Briefing QUARTER 1, 2015 April 2015
Slide 2: Agenda
AGENDA Industry Review: Volumes and Market Share Company Review Q1 2015 Performance Other highlights
Slide 3: Quarter 1 (Q1) 2015 Headlines
Quarter 1 (Q1) 2015 Headlines Commendable financial delivery vs. SPLY: Profit from Operations +7.6% Q1 Industry Volume decline -0.9% positively impacted by the purchases in advance of GST implementation Sharp decline in illegal cigarette incidence in Wave 2 2014 and Wave 3 2014 due to Royal Ma
Slide 4: Industry Review: Volumes and Market Share
Industry Review Volumes and Market Share
Slide 5: Customs enforcement delivers 6.1ppt reduction in illegal cigarettes incidence
The Royal Malaysian Customs intensive enforcement & awareness program nationwide in 2014 delivers 6.1ppt reduction in illegal cigarettes incidence – largest decline in TWO decades 38.9% 35.8% 32.8% 32.3% 2013 W3 2014 W1 2014 W2 2014 W3 *Illicit Cigarette Study, Wave 3, Oct - Dec 2014
Slide 6: Customs to continue robust enforcement activities in 2015
Customs to continue with its robust enforcement activities in 2015 Launched OPS Outlet version 2.0 with the support of various trade associations to galvanize the PUBLIC to help REPORT outlets that sell illegal cigs or alcohol Launched by DG Customs 9th Apr 2015
Slide 7: Market review update
Market review update Legal market declined -0.9% Q1 2015 vs. Q1 2014 Market evolution in Q1 positively impacted by purchase in advance of GST implementation Big-3 IMS (mns) 1400 1200 1137 1153 1053 1065 1088 1033 1050 1027 981 1009 1000 961 905 909 903 870 800 600 400 200 0 Jan Feb Mar Apr May June
Slide 8: Managed to defend its share in 2014 with recovery noted at the start of 2015
Managed to defend its share in 2014 with recovery noted at the start of 2015 Source: YTD MAR 15 Malaysia Retail Audit (Base: Total Legal Market – White + Kretek) -0.7ppt Share of Market – Malaysia (%) -0.1ppt 61.9 61.2 61.1 61.7 61.4 60.9 60.6 61.1 60.4 60.7 60.6 61.3 61.3 55.2 53.6 54.6 54.0 52.7 5
Slide 9: Company Review
BRITISH AMERICAN TOBACCO MALAYSIA Company Review
Slide 10: Dunhill: maintains share resilience and market leadership
Dunhill: maintains share resilience and market leadership Source: YTD MAR 15 Malaysia Retail Audit (Base: Total Legal Market – White + Kretek) -0.5ppt MPI GPI -0.6ppt 47.5 47.5 47.6 47.0 47.3 47.0 47.2 46.4 46.6 46.6 46.6 46.5 46.6 46.0 46.0 46.0 3.7 3.8 3.7 3.7 3.8 3.8 3.8 3.8 3.8 4.0 3.8 4.1 4.0 3
Slide 11: Peter Stuyvesant: Showed an outstanding growth breaking the 5% share of market
Peter Stuyvesant: Showed an outstanding growth breaking the 5% share of market Source: YTD MAR 15 Malaysia Retail Audit (Base: Total Legal Market – White + Kretek) +0.9pt +1.1pt 5.2 5.2 5.1 5.2 5.2 0.2 4.6 4.9 0.2 0.2 0.2 0.2 4.4 4.4 0.2 4.3 4.1 4.3 4.2 0.2 0.2 1.5 4.0 0.3 0.2 0.2 1.6 1.5 1.5 3.9 0.
Slide 12: Pall Mall: remains stable since Q2 2014
Pall Mall: remains stable since Q2 2014 Source: YTD MAR 15 Malaysia Retail Audit (Base: Total Legal Market – White + Kretek) -0.8ppt 0.0ppt 5.3 4.5 4.5 4.5 4.4 4.4 4.5 4.5 4.5 4.4 4.4 4.4 4.5 4.5 4.4 4.4 2.1 1.9 1.9 1.9 1.9 1.9 1.9 2.0 1.9 1.8 1.8 1.8 1.9 1.9 1.9 1.8 1.0 0.9 0.9 1.0 0.9 0.9 0.9 0.9
Slide 13: Q1 2015 Results: Financial Highlights
Q1 2015 Results Financial Highlights OBACCO
Slide 14: Q1 YTD: Volume and Revenue
Q1 YTD : Volume and Revenue Contract Manufacturing Volumes (mn stick) Cigarette Semi Finished Domestic & DF Volumes (mn stick)) 2,088 1,933 2,005 -0.4% 1,997 -4.8% 1,204 1,201 Q1 2014 Q1 2015 Q1 2014 Q1 2015 Revenue (RM'mn) Net Turnover (RM'mn) +10.4% +9.9% 694 1,274 632 1,154 Q1 2014 Q1 2015 Q1 201
Slide 15: Q1 YTD: Key Metrics
Q1 YTD: Key Metrics Gross Profit (RM'mn) Operating Expenses (RM'mn) +11.3% 453 +22.5% 407 126 103 Q1 2014 Q1 2015 Q1 2014 Q1 2015 Profit from Operations (RM'mn) Earning per Share (Sen/share) 85 +7.6% 79 +7.6% 304 327 Q1 2014 Q1 2015 Q1 2014 Q1 2015
Slide 16: Dividend payout 2013-2015
2013 2014 2015 RM 2.82 RM 3.09 YTD 97.8% Payout 97.8% Payout 0.78 0.78 0.78 0.78 0.78 0.75 0.68 0.68 0.68 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 17: Other Highlights
Other Highlights OBACCO
Slide 18: 54th Annual General Meeting (AGM) – 27th April
The 2014 Annual Report is now available! Click on the link below to download a copy from our corporate website: http://www.batmalaysia.com/group/sit es/BAT_7RYJ8N.nsf/vwPagesWebLi ve/DO7SUKSJ?opendocument 54th Annual General Meeting (AGM) – 27th April British American Tobacco (M) Berhad (BAT Malaysi
Slide 19: Launch of BAT plc Sustainability Summary 2014
Launch of BAT plc Sustainability Summary 2014 • Report on the Group’s latest Sustainability Summary Report, ‘Value shared: Investing in a sustainable future for our business and society’, was published on 27 March 2015. It provides an overview of our key focus areas and performance for the year. • A
Slide 20: Best Employer Brand Awards 2015
Best Employer Brand Awards 2015 BAT Malaysia receives ‘Malaysia Best Employer Brand Award’ We are pleased to announce that BAT Malaysia has received the ‘Malaysia Best Employer Brand Award’ from the Employer Branding Institute at the recent Employer Brand Awards (EBA) 2015 ceremony held on the 25th
Slide 21: Thank You
THANK YOU BRITISH AMERICAN TOBACCO MALAYSIA
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