Our Purpose

To reduce the health impact* of our business

Our Commitment

To provide adult consumers with a wide range of enjoyable and less risky products*

To encourage smokers to switch completely to scientifically-substantiated reduced-risk alternatives*

* Assuming a complete switch from cigarette smoking. These products have the potential to be less risky and if they contain nicotine are addictive.

Building A Better TomorrowTM

1

We are committed to transforming BAT Malaysia to reduce our health impact

2

We are uniquely positioned with our consumer-centric multi-category portfolio

3

We have the strengths, new capabilities, brands and resources to succeed

4

We are on a journey; transformation is happening. The opportunity is huge

5

We are confident in delivering our targets and building A Better TomorrowTM

OVERVIEW OF
BAT MALAYSIA

At BAT Malaysia, we stand for being more than just the leading tobacco company in Malaysia.

We are recognised as a respectable corporate citizen with an excellent track record in corporate governance and are known as a leading employer with a multitude of awards and recognition for best-in-class talent development. We also understand the importance of community development.

BAT Malaysia has been an active contributor to the community we operate in through various corporate social investments since our inception.

Years of History in Malaysia

100 +

Earnings Per Share (sen)

85

Employees

397

Market Share

51.7 %

Certified Top Employer

RESULTS
AT A GLANCE

Revenue

RM

2,315

MILLION

Profit Before Tax

RM

329

MILLION

Net Dividend Per Share

83

SEN

Net Profit

RM

242

MILLION

Shareholder's Fund

RM

373

MILLION

Net Returns on Shareholder's Fund

65

%

MESSAGE TO SHAREHOLDERS
AND STAKEHOLDERS

Dear Shareholders,

On behalf of the Board of Directors, we are pleased to present BAT Malaysia’s Annual Report and Financial Statements for the financial year ended 31 December 2020.

TAN SRI DATO ’ SERI (DR.)
ASEH BIN HAJI CHE MAT
Chairman

JONATHAN
REED
Managing Director

MESSAGE TO SHAREHOLDERS
AND STAKEHOLDERS

Dear Shareholders,

On behalf of the Board of Directors, we are pleased to present BAT Malaysia’s Annual Report and Financial Statements for the financial year ended 31 December 2020.

TAN SRI DATO ’ SERI (DR.)
ASEH BIN HAJI CHE MAT
Chairman

JONATHAN
REED
Managing Director

MANAGEMENT
DISCUSSION AND ANALYSIS

TURNAROUND YEAR FOR BAT MALAYSIA

In 2020, BAT Malaysia delivered a turnaround performance for our shareholders. BAT Malaysia grew quarter on quarter in the three closing quarters of the year.

Although headwinds were presented in the form of disruptions from the COVID-19 pandemic, the growing tobacco black market and the growth of illegal nicotine vapour sales, 2020 provides a great platform for the Company to go back to growth and build A Better TomorrowTM.

3 Consecutive Quarters with Growth

Q1 '20

vs Q4 '19

-29%

-27%

-48%

Q2 '20

vs Q1 '20

+12%

+14%

+16%

Q3 '20

vs Q2 '20

+18%

+15%

+6%

Q4 '20

vs Q3 '20

+3%

+5%

+19%

FIVE-YEAR
PERFORMANCE HISTORY

DOWNLOAD
BAT MALAYSIA ANNUAL REPORT 2020

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