British American Tobacco P.l.c. · LSE:BATS
British American Tobacco P.l.c — Investor Day (2026)
24 slides from British American Tobacco P.l.c's investor day presentation, Oct 5, 2026
Slide 1: Operational Excellence
Operational Excellence Zafar Aslam Khan, Group Operations Director
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: Our global multi-category operations are defined by three strategic pillars
Our global multi-category operations are defined by three strategic pillars 1 2 3 Proven & agile Globally orchestrated Value driven asset resilient digitally enabled sustainable network value chain operations That are pivotal to… Enable growth Optimise cost Embed resilience Pace and scale Discipline
Slide 5: One integrated global network designed across trade blocs for speed and scale
One integrated global network designed across trade blocs for speed and scale SWE DEUPOL HUN ROU UKR SRB 45 HRV TUR UZB ITA KOR U.S. JOR DZA PAK BGD SDN VNM manufacturing sites* MEX LKA TTO NGA IDN KEN MYS PNG VEN 20% ZMB ZWE SLB BRA WSM vs. 2020 FJI CHL ARG Deploying capital & capabilities to the h
Slide 6: 77% of our leaf is sourced through integrated operations, strengthened by strategic global partnerships
77% of our leaf is sourced through integrated operations*, strengthened by strategic global partnerships Strategic partners 14 HRV UZB U.S. PAK CHN BGD VNM vertically integrated MEX LKA leaf sources KEN VEN 11 leaf processing sites BRA FJI CHL Uniquely positioned to deliver greater resilience & cost
Slide 7: 1 in 3 sites are multi-category focused
1 in 3 sites are multi-category focused SWE ROU POL UKR HUN x2 HRV 45 UZB ITA KOR U.S. PAK x2 Manufacturing sites 15 IDN x2 Accelerated capability builds fuel growth multi-category sites 4x 2.5x capacity increase vs. 2020* 5x capacity increase vs. 2020* vs. 2020 2020 2024 2025 2026 2020 2024 2025 20
Slide 8: Strategic partnerships extending our innovation edge
Strategic partnerships extending our innovation edge 2 strategic partnerships CHN IDN MYS Supplier-led innovation And deeper collaboration across 150+ sub-tiered New Categories suppliers Ex-China footprint strengthens our resilience & agility 8
Slide 9: Connected innovation hubs with broad range of R&D and manufacturing capabilities
Connected innovation hubs with broad range of R&D and manufacturing capabilities UK 5 innovation hubs U.S. ITA CHN IDN Diverse team of Deep technical expertise across 800 14 R&D professionals Centres of Excellence Depth, scale & connectivity to accelerate innovation 9
Slide 10: Our competitive advantage
45 manufacturing sites* 14 vertically integrated 11 leaf processing sites leaf sources** Our competitive advantage A geographically diversified – resilient – multi-category network 15 multi-category sites 2 strategic partnerships 5 innovation hubs *Excludes South Africa, which is due to close by yea
Slide 11: Our network is integrated with the global value chain
Our network is integrated with the global value chain Upstream Own operations Downstream 45 11 2m+ 34,000+ sites^ leaf processing sites deliveries per year suppliers 4 750+ 45+ 64 transport warehouse supplier materials modes depots locations groups 200k+ 11m outlets farmers 5 140+ 15 5 14 77% produc
Slide 12: Seamlessly navigated multiple global disruptions
Seamlessly navigated multiple global disruptions 100% supply continuity* & major cost exposures mitigated Early risk sensing, rapid response & end-to-end orchestration under crisis *Throughout the period from 2020 to YTD 26. 12
Slide 13: Multi-year digital & data backbone precisely built for breakthrough AI
Multi-year digital & data backbone precisely built for breakthrough AI Product Manufacturing lifecycle management ML / AI based automation Supplier Enterprise & leaf Data platform Logistics Industrialising Gen / Agentic AI Integrated Last mile planning distribution 13
Slide 14: AI is an operating capability – embedded & scaled across operations
AI is an operating capability – embedded & scaled across operations GLOBAL INITIATIVES IN USE 19 Classical AI Generative AI Agentic AI 4 2 GLOBAL INITIATIVES 2 8 2 IN BUILD 68 10 2 5 4 10 5 1 1 4 1 22 4 LOCAL / INDIVIDUAL INITIATIVES 100+ Agri & combustible product IT solutions HR Manufacturing Proc
Slide 15: AI use case: Predictive crop intelligence
AI use case Predictive crop intelligence that protects value for BAT and farmers in any weather condition UNLOCKING FORESIGHTS ACROSS KEY CAPABILITIES AI POWERED 3 KEY PARAMETERS INTELLIGENCE Prediction accuracy* 90% Foresight horizon 9 months Reducing supply risk, maximising value and creating a co
Slide 16: (Video – AI use case)
a) SAT (Video — Al use case)
Slide 17: Four pillars of sustainability fully integrated in the value chain
Four pillars of sustainability fully integrated in the value chain Farmer livelihood* Renewable energy 94% 47% in own crop diversification manufacturing Vuse Ultra Designed recycling capacity 100% 200,000 battery removability & replaceability** cubic metres per year E2E automated reporting and advan
Slide 18: Leading performance: CDP 'AAA' in two successive years
LEADING PERFORMANCE* CDP ‘AAA’ IN TWO SUCCESSIVE YEARS Own operations emissions Value chain industrial (2025) emissions (2024) 1 of 27 46.6%vs 2020 baseline 23% vs 2020 baseline awarded among 22,100+ submissions in 2025 In the last 9 years Own operations waste Only UK- (2025) based 50% water usage 0
Slide 19: Delivered strong value, on track to deliver 2030 targets
Delivered strong value, on track to deliver 2030 targets 2023 2026 2030 PRODUCTIVITY SAVINGS EXPECTED PRODUCTIVITY SAVINGS £1.2bn c.£2.0bn on track Enabling competitiveness in our markets & delivery of our algorithm 19
Slide 20: Operations fully geared to deliver A Better Tomorrow
Operations fully geared to deliver A Better TomorrowTM 1 Proven & agile asset resilient network A Better Tomorrow 2 Building a Smokeless Globally orchestrated World Switch to Better digitally enabled value chain Quality Sustainable Future Dynamic Growth Business Inspiring New Category Tobacco Harm R
Slide 21: (Video – Operational excellence)
(Video – Operational excellence) 21
Slide 22: Appendices
Appendices capitis Markets ag 2026)
Slide 23: 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 24: 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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