Imperial Brands Plc · LSE:IMB
Imperial Brands — Shareholder Meeting (February 2018)
13 slides from Imperial Brands's shareholder meeting presentation, Feb 7, 2018
Slide 1: Annual General Meeting 2018
ANNUAL GENERAL MEETING 2018 Imperial Brands PLC 7 February 2018
Slide 2: Mark Williamson, Chairman
Mark Williamson Chairman Me IMPERIAL AR BRANDS
Slide 3: Clear Strategic Focus
Clear Strategic Focus Maximise sustainable shareholder returns Quality Growth from Tobacco Maximisation and Next Generation Products Strengthen Portfolio Develop Footprint Drive Cost Embed Capital right brands right markets Optimisation Discipline • Radically simplify • Prioritise growth • Simplify
Slide 4: Summary Financials
Summary Financials Adjusted EPS up 7.0% % constant £m % change currency Tobacco net revenue (£m) 7,757 +8.2% -2.6% Tobacco Adjusted Operating Profit (£m) 3,595 +7.0% -2.4% Adjusted EPS (pence) 267.0 +7.0% -2.2% Cash conversion 91% Net debt reduction* (£bn) 0.8bn Dividend per share (pence) 170.7 +10.
Slide 5: Alison Cooper, Chief Executive
ALISON COOPER Chief Executive
Slide 6: Strategy Delivering
Strategy Delivering Improving key metrics Growing quality revenue Growth & Cigars NR +9% Share growth in Growth Brand Specialist Snus NR +8% priority markets share +80bps Brands 63% of China JV 2.3bnSE net revenue Improving second half Volume Revenue EPS £130m savings H1: -5.7% H1: -5.5% H1: -5.9% 9
Slide 7: USA
USA Strong performance in cigarettes and cigars • Focus on strongest equities to drive revenue and profit growth • Cigarette share gains – Winston up 20 basis points – Kool up 10 basis points • Excellent results from mass market cigars – Share up 80 basis points to 14.3 per cent – Volumes up 23 per
Slide 8: UK
UK Share growth in a challenging market • Supporting retailers/consumers adapt to regulatory change • Consistent pricing strategy • Enhancing distribution • Players and Gold Leaf driving growth • Cigarette share at 41.9 per cent, up 80 basis points • Fine cut tobacco share at 43.4 per cent, up 250 b
Slide 9: Significant Opportunity in NGP
Significant Opportunity in NGP Prioritising growth in e-vapour • Material opportunity in NGP • Great asset portfolio • Strong equity in blu • Enhanced innovation capabilities • FY18: new products; new markets 9|
Slide 10: Non-Combustible Tobacco
Non-Combustible Tobacco Developing new formats Oral Tobacco Heated Tobacco • Successful snus business • Consumer trials in December • Iconic brand - Skruf • Multiple formats under development • Development opportunities • Maintaining optionality 10 |
Slide 11: Realising E-vapour Opportunities
Realising E-vapour Opportunities Driving growth in FY18; £300m investment Building Capabilities Focused Portfolio Develop Footprint • Enhancing consumer • New formats for FY18 • Geographic expansion insights, distribution and • Improving consumer • 10+ markets in FY18 marketing experience • 20+ mark
Slide 12: Corporate Responsibility
CORPORATE RESPONSIBILITY Integral to the way we do business Consistently improved performance Received number of Best Employer Awards 84% score in Dow Jones Sustainability Index 12 |
Slide 13: Strong Foundation for FY18
Strong Foundation for FY18 Clear strategic focus FY17 was an important year of progress Tobacco: quality share growth in priority markets NGP: gearing up to realise significant growth opportunities Sustaining investment through cost and capital discipline Dividend growth of 10 per cent for tenth suc
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