Soraya Bencik
Chief Financial Officer
Replay available
British American Tobacco Industries, p.l.c. (BTI) Q4 2024 Earnings Call
British American Tobacco Industries, p.l.c. (NYSE: BTI) Q4 2024 earnings conference call, held 2025-02-13. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Victoria Buxton
Group Head of Investor Relations
Rashad Cowan
Analyst, Morgan Stanley
Gaurav Jain
Analyst, Barclays
Ray Vium
Analyst, Anchor SB
Damian McNeill
Analyst, Deutsche Numis
Richard Felton
Analyst, Goldman Sachs
Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.557 Good morning, everyone. I'm delighted to welcome you to our 2024 Preliminary 00:00:05.557 -- 00:00:07.520 Results presentation. 00:00:07.520 -- 00:00:12.786 With me this morning is Soraya Bencik, CFO and Victoria Buxton, Group 00:00:12.786 -- 00:00:15.329 Head of Investors Relations. 00:00:15.329 -- 00:00:19.994 I will begin with our transformation highlights and the progress we have made during 00:00:19.994 -- 00:00:25.415 our investment year. Soraya will then take you through our financial results 00:00:25.415 -- 00:00:31.144 in more detail before I return to talk more about our performance outlook 00:00:31.144 -- 00:00:33.447 ahead of Q&A. 00:00:33.447 -- 00:00:39.596 With that, I would like to draw your attention to the disclaimers on slide two 00:00:39.596 -- 00:00:41.716 and three. 00:00:42.280 -- 00:00:47.728 Let's begin by looking at the positive transformation momentum we are driving, starting 00:00:47.728 -- 00:00:50.032 with some highlights. 00:00:50.032 -- 00:00:55.562 2024 was a key moment in our transformation journey, as we sharpened 00:00:55.562 -- 00:01:01.372 our execution, enabling us to navigate near-term market challenges 00:01:01.372 -- 00:01:05.500 and deliver an improved performance in the second half. 00:01:05.500 -- 00:01:10.689 We have delivered group results in line with expectations, which Soraya will talk 00:01:10.689 -- 00:01:13.403 about in more detail. 00:01:13.403 -- 00:01:18.413 Smokeless accounts for 17.5% of group revenue, 00:01:18.413 -- 00:01:23.484 up 1 percentage point versus last year. We added 3.6 00:01:23.484 -- 00:01:27.953 million smokeless consumers, reaching 29.1 00:01:27.953 -- 00:01:33.104 million, mainly driven by our continued success in modern 00:01:33.104 -- 00:01:38.430 oil. Ou...