British American Tobacco Malaysia Bhd. · MYX:BAT
British American Tobacco Malaysia Bhd — H1 2025 Earnings Presentation
12 slides from British American Tobacco Malaysia Bhd's earnings presentation, Jul 31, 2025
Slide 1: H1'25 Analyst Briefing
H1‘25 Analyst Briefing BAT Malaysia 31st July 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: 2025 BATM Strategy
2025 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 trending down Legal Industry Volume (mns) 56.6% 55.6% 594 588 599 575 574 55.0% 54.8% 54.6% 54.4% 2022 2023 2024 Jan'25 Mar'25 May'25 2022 2023 2024 Q2'24 Q2'25 Source: Nielsen Illegal Cigarettes Study Source: CMTM Industry Exchange Despite the decline in Illicit i
Slide 6: Regulatory changes
Regulatory changes Starting 1 October 2025, the following to take effect • Nicotine concentration limit for Vapour products - 20milligram (mg) per milliliter (mL) • Volume limit in mL for Vapour products – 3mL • Retail Display Ban in mass market • New Labelling requirements including increase in siz
Slide 7: Q2 '25 Business Performance – Highlights
Q2 ‘25 Business Performance – Highlights 54.4% -0.2% +3.1% -0.4ppt vs Q2’24 vs. Q2 ’24 vs. Q2 ’24 Illegal Legal Domestic Total Incidence Volume BAT Volume Industry Lower illicit, however, lower industry volume due to slow recovery Source: Illegal Cigarettes Study, CMTM Big 3 industry, exchange
Slide 8: H1 Spotlight on Dunhill: Expand Reach. Drive Trial. Reinforce Repertoire
H1 Spotlight on Dunhill: Expand Reach. Drive Trial. Reinforce Repertoire 60 Year Celebration: Kick Off Retail Visibility Festive Connect Drive awareness via reinvigorating brand Drive Trial & Repertoire with key SOB brands during CNY & Raya 17K Outlets 930K 47K +2% Reach SOB Trialists Offtake vs. SP
Slide 9: Delivering Our Sustainability Agenda
Delivering Our Sustainability Agenda Environment Beyond Benih -56% Reduction in Scope 1 & 2 Emissions 44% Renewable Energy Consumption -50% Reduction Withdrawn in Water AWS Certification Maintained ✓ 22 Farm Gardens in 2025 – -71% Reduction in Waste Generation covering 8 states ✓ Supporting 154,693
Slide 10: Q2 '25 Financial Performance – Highlights
Q2 ’25 Financial Performance – Highlights +3.1% vs Q2 ‘24 -2.5% +38.5% vs Q2‘24 vs Q2’24 FMC Volume Revenue Operating Profit Increase in operating profit due to spend optimisation
Slide 11: Q2'25 Dividend Proposal
Q2’25 Dividend Proposal Q2‘25 Q2’24 Var Dividend for Q2’25 Total BAT Volume 1.40 1.48 -5% (bn sticks) 12 sen per ordinary share RM34.3mil, payable on 4th Sep 2025 Revenue (RM mn) 625 640 -3% Dividend Yield 12.2%* Operating Profit (RM mn) 78 56 36% Share Price (RM) Profit after tax (RM mn) 51 36 39%
Slide 12: 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 — H1 2025 Earnings Presentation on 6ix