UK BAT.COM - Investor presentations

2009

Deutsche Bank Global Consumer & Food Retail Conference - 10 June

- Presentation by Jack Bowles, General Manager, British American Tobacco Malaysia (0.7 mb)

2008

Morgan Stanley Global Consumer and Retail Conference, New York - 19th November

Presentation by Ben Stevens, Finance Director

 Morgan Stanley Global Consumer and Retail Conference, New York (460 kb)

South Africa presentation - 13 October

Jan du Plessis, Paul Adams, John Taylor and Ben Stevens met with investors prior to the listing of British American Tobacco Group shares on the JSE Limited.

 Group long term strategy and performance (1mb)

Deutsche Bank Conference - 18 June 2008

Presentation by Kingsley Wheaton, General Manager, BAT Russia

 Acquisition to Achievement: BAT Group strategy in
Russia (1.7mb)

Auction for Turkish state tobacco assets - 22 February 2008

Chief Executive Paul Adams and Finance Director Paul Rayner hosted a conference call for analysts, institutional investors and UK journalists.

   Conference call transcript (55 kb)

Notes

• BAT won auction with bid of US$1.72bn
• Assets comprise:
  • Trademarks to Tekel portfolio
  • 2007 volumes approx 32bn
  • Share of market was approx 29%
  • 6 factories, 3 operational, 1 on short lease
  • 2 year’s of leaf stocks
• Does not include employees
• 2007 EBITDA $151m (estimated) represents a multiple of 11.4 times
• Significant cost savings opportunities of around £30m
• One-off costs of £50m in 2008
• Earnings enhancing from 2009, 2008 EPS affected by a deferred tax charge of approx £20m