Soraya Bencik
CFO
Replay available
British American Tobacco Industries, p.l.c. (BTI) Q2 2024 Earnings Call
British American Tobacco Industries, p.l.c. (NYSE: BTI) Q2 2024 earnings conference call, held 2024-07-25. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Victoria Buxton
Group Head of Investor Relations
Rashad Kavan
Analyst, Morgan Stanley
Gaurav Jain
Analyst, Barclays
Richard Felton
Analyst, Goldman Sachs
Farhan Beya
Analyst, UBS
Damian McNeill
Analyst, Deutsche Bank
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for British American Tobacco P.l.c..
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:06.100 Good morning, everyone. I'm delighted to welcome you to our 2024 Interim Results Presentation. 00:00:06.100 -- 00:00:11.428 With me this morning is Soraya Bencik, our new CFO, and Victoria Buxton, 00:00:11.428 -- 00:00:14.252 Group Head of Investors Relations. 00:00:14.252 -- 00:00:19.119 I will begin with our transformation highlights and the progress we have made against 00:00:19.119 -- 00:00:23.165 our key areas of focus over the last 12 months. 00:00:23.165 -- 00:00:27.807 Soraya will then take you through our financial performance in more detail. 00:00:27.807 -- 00:00:33.253 I will then return to talk more about our performance outlook before we move to the Q&A 00:00:33.253 -- 00:00:34.874 session. 00:00:34.874 -- 00:00:40.580 With that, I'd like to draw your attention to the disclaimers on slides 00:00:40.580 -- 00:00:42.580 two 00:00:43.063 -- 00:00:45.203 and three. 00:00:46.086 -- 00:00:50.068 So let's begin by looking at the way forward. 00:00:50.110 -- 00:00:53.934 Our first half performance is in line with expectations, 00:00:53.934 -- 00:00:57.912 and we are on track to deliver our full year guidance. 00:00:57.912 -- 00:01:02.878 In the first half of this year, we have continued to transform our business. 00:01:02.878 -- 00:01:08.245 We added 1.4 million smokeless consumers, reaching 26.4 00:01:08.245 -- 00:01:09.706 million. 00:01:09.706 -- 00:01:15.373 Smokeless now accounts for 18% of group revenue, up 1.4 00:01:15.373 -- 00:01:19.916 percentage points versus full year 23. 00:01:20.187 -- 00:01:25.432 Our focus on quality growth, balancing top and bottom line delivery, has driven 00:01:25.432 -- 00:01:27.655 a £165 00:01:27.655 -- 00:01:31.439 million increase in new category contribution 00:01:31.439 -- 00:01:36.60...