British American Tobacco PLC (LSE:BATS)

£ 23.81 -0.09 (-0.38%) Market Cap: 52.93 Bil Enterprise Value: 89.69 Bil PE Ratio: 0 PB Ratio: 1.01 GF Score: 64/100

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Full Year 2019 British American Tobacco PLC Earnings Call Transcript

Feb 27, 2020 / 09:30AM GMT

Release Date Price: £31.63 (-1.77%)

Transcript

Operator

Hello and welcome to the BAT 2019 Preliminary Results Presentation. (Operator Instructions) Please note, this call is being recorded.

I will now hand over to Jack Bowles, the Chief Executive.

Jack Marie Henry David Bowles

British American Tobacco p.l.c. - CEO, Member of Management Board & Director

Good morning, everyone. I'm Jack Bowles, Chief Executive, and with me this morning to present our full year 2019 results is Tadeu Marroco, our Group Finance Director. Before I start the presentation, I will take it that you have all seen and read the disclaimer on Page 2 and Page 3. As usual, at the end of the presentation, there will be an opportunity for you to ask questions.

Last March, we set out 3 clear priorities to transform our business. I am pleased to say that we have made good progress over the last year. We delivered value growth from our combustible business, gaining share globally with enhanced profitability. We are driving a step change in New Categories by launching new products and entering new markets, providing potentially

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