Committed to building A Better Tomorrow^TM

Our Purpose

To build A Better Tomorrow™ for all our stakeholders.

Our Commitment

To reduce the health impact of our business through a multicategory portfolio of products including reduced-risk tobacco and nicotine products.*

*Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk free and are addictive.

The Year At A Glance

Revenue

RM2,597 Million

Net Dividend Per Share

88 sen

Profit Before Tax

RM385 Million

Shareholders’ Fund

RM377 Million

Earnings Per Share (sen)

91.9

Market Share

51.6%

Net Profit

RM263 Million

Net Returns on Shareholders’ Fund

70%
Top Employer Award
Top Employer in Malaysia for the fifth consecutive year

Also certified Top Employer in the Asia Pacific and Global categories
MSWG-ASEAN Corporate Governance Awards 2021
Excellence Award for Corporate Governance Disclosure

Industry Excellence Award in Consumer Products & Services category
Bursa Malaysia FTSE Russell ESG Ratings
4-star rating

Top 25% among public listed companies in ESG performance
Malaysian Occupational Safety and Health Practitioners’ Association (Moshpa) Award
Platinum Silver award in Manufacturing FMCG Product category

Completed MOSHPA’s Health and Safety Audit with Full Compliance

The Year At A Glance

Message from Our Chairman and Our Managing Director

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 2022.

In 2022, BAT Malaysia delivered a commendable performance given the challenging operating environment. Although revenue was flat, our gross profit improved marginally and we significantly improved our net operating cash flow for the year.

In line with our commitment to delivering value to our stakeholders, the Board of Directors maintained a dividend payout ratio of above 90% this year.

Message from Our Chairman and Our Managing Director

Financial Highlights

GROSS REVENUE
(RM million)

-2%

OPERATING EXPENSES
(RM million)

+4%

PROFIT FROM OPERATIONS
(RM million)

-1%

PROFIT FROM OPERATIONS
(RM million)

Financial Highlights

Financial Statements

FIVE-YEAR PERFORMANCE HISTORY

REVENUE (RM million)
PROFIT FROM OPERATIONS (RM million)
NET TOTAL DIVIDEND PER SHARE (sen)
RETURN ON EQUITY

Financial Highlights

Financial Statements

Our Approach to Sustainability

Sustainability is at the forefront of our business as we aim to create long-term value for our stakeholders through a holistic approach. We ensure that we include issues that are most material to our stakeholders and implement the right strategies to capture opportunities that will drive sustainable business growth while overcoming risks and challenges effectively.

H Harm Reduction

BAT Malaysia has a clear purpose: to build A Better Tomorrow™ by reducing the health impact of our business. That is why we are committed to provide adult smokers with reduced-risk* alternatives backed by science and tested to meet or exceed industry-leading standards.
E Environment

BAT Malaysia is committed to reducing the environmental impact of our business operations and transitioning to a low-carbon portfolio. Championing environmental excellence remains core to our purpose of building A Better Tomorrow™ to contribute to a thriving economy that is sustainable for the planet and people.
S Social
BAT Malaysia’s social pillar relates to our workforce and the communities we operate in. Through key learnings and consistent execution, we have identified six vital aspects for our workforce:
- Accelerating Tomorrow’s Leaders
- Attracting & Retaining the Best Talent
- Recognising & Rewarding Talent
- Diversity & Inclusion (D&I)
- Workforce Engagement
- Giving Back To Communities
G Our Governance

At BAT Malaysia, we continue to uphold transparent and ethical business practices through robust governance and risk management practices, guided by an effective and dedicated leadership team.

Our Approach to Sustainability

62^nd Annual General Meeting

DATE

Wednesday, 3 May 2023

TIME

09.30 a.m.

MEETING PLATFORM

TIIH Online

Broadcast venue :
Infinity Room, Level 16, Guoco Tower, Damansara City, No. 6, Jalan Damanlela, Bukit Damansara, 50490 Kuala Lumpur.

Tel : +60 (3) 2720 8188

Email : bat_malaysia@bat.com

Add to Calendar

Building
A Better Tomorrow^TM

Annual Report 2022

Committed to building A Better Tomorrow^TM

Our Purpose

To build A Better Tomorrow™ for all our stakeholders.

Our Commitment

To reduce the health impact of our business through a multicategory portfolio of products including reduced-risk tobacco and nicotine products.*

The Year At A Glance

RM2,597 Million

88 sen

RM385 Million

RM377 Million

91.9

51.6%

RM263 Million

70%

Message from Our Chairman and Our Managing Director

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 2022.

Management Discussion & Analysis

BAT Malaysia will continue growing its revenue through combustibles. This will enable us to allocate sufficient investments to develop New Category products that will fulfil our aim of providing greater choice and reduced-risk products to our consumers.

Financial Highlights

-2%

+4%

-1%

Our Approach to Sustainability

62^nd Annual General Meeting

Wednesday, 3 May 2023

09.30 a.m.

TIIH Online

Downloads

Annual Report 2022

The Year At A Glance

Message from Our Chairman and Our Managing Director

Management Discussion & Analysis

Financial Highlights

Our Approach to Sustainability

Building A Better TomorrowTM

Annual Report 2022

Committed to building A Better TomorrowTM

Our Purpose

To build A Better Tomorrow™ for all our stakeholders.

Our Commitment

To reduce the health impact of our business through a multicategory portfolio of products including reduced-risk tobacco and nicotine products.*

The Year At A Glance

RM2,597 Million

88 sen

RM385 Million

RM377 Million

91.9

51.6%

RM263 Million

70%

Message from Our Chairman and Our Managing Director

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 2022.

Management Discussion & Analysis

BAT Malaysia will continue growing its revenue through combustibles. This will enable us to allocate sufficient investments to develop New Category products that will fulfil our aim of providing greater choice and reduced-risk products to our consumers.

Financial Highlights

-2%

+4%

-1%

Our Approach to Sustainability

62nd Annual General Meeting

Wednesday, 3 May 2023

09.30 a.m.

TIIH Online

Downloads

Annual Report 2022

The Year At A Glance

Message from Our Chairman and Our Managing Director

Management Discussion & Analysis

Financial Highlights

Our Approach to Sustainability

Building
A Better Tomorrow^TM

Committed to building A Better Tomorrow^TM

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 2022.

62^nd Annual General Meeting