Imperial Brands PLC · LSE:IMB

Imperial Brands — Imperial Tobacco Group — Shareholder Meeting (February 2014)

16 slides from Imperial Brands's shareholder meeting presentation, Feb 5, 2014

  1. Slide 1: Annual General Meeting 2014

    Annual General Meeting 2014 Imperial Tobacco Group PLC 5 February 2014

  2. Slide 2: Iain Napier, Chairman

    ] / Imperial 7 Tobacco lain Napier Chairman

  3. Slide 3: Annual General Meeting 2014

    Annual General Meeting 2014 Imperial Tobacco Group PLC

  4. Slide 4: FY13 Summary Results

    FY13 Summary Results robust performance in tough environment FY13 FY12 ∆ Tobacco net revenue (£m) 7,007 7,005 -1% Adjusted operating profit (£m) 3,180 3,161 +1% Adjusted earnings per share (p) 210.7 201.0 +6% Dividend per share (p) 116.4 105.6 +10%  Dividend per share growth +10%  Pay-out ratio in

  5. Slide 5: Alison Cooper, Chief Executive

    Alison Cooper Chief Executive

  6. Slide 6: Growth and Returns Markets

    Growth and Returns Markets effective resource allocation Growth Markets Returns Markets Scale existing presence for Footprint strength driving sales long term growth and high returns Large profit and/or volume pools Strong established presence Significant share growth potential Build on strong posit

  7. Slide 7: Growth and Specialist Brands

    Growth and Specialist Brands priorities for growth Growth Brands Specialist Brands

  8. Slide 8: Cost Optimisation

    Cost Optimisation aligned with strategic priorities Product Cost Overheads £300m pa savings by September 2018 Incremental c£60m Incremental c£210m £30m in 2013 in 2014 2015-2018

  9. Slide 9: Growth and Specialist Brands

    Growth and Specialist Brands driving quality growth Growth Brands FY13 FY12 ∆ Volume (SE bn) 129 132 -2% Market share (%) 5.4 5.1 +30bps Net revenue (£m) 2,729 2,647 +2% % of Group SE volumes 41 39 +200bps % of Tobacco net revenue 39 38 +100bps Specialist Brands FY13 FY12 ∆ Net revenue (£m) 866 817

  10. Slide 10: Growth Markets

    Growth Markets strong profit delivery FY13 FY12 ∆ Net revenue (£m) 2,254 2,192 +2% Adjusted operating profit (£m) 668 633 +7% Margin (%) 29.6 28.9 +70bps  +2% revenue growth; +7% adjusted operating profit growth  Strong profit growth in Russia, Taiwan and Turkey  Increased profits in USA % change

  11. Slide 11: Returns Markets

    Returns Markets robust North mitigating weaker South FY13 FY12 ∆ Net revenue (£m) 4,753 4,813 -2% Adjusted operating profit (£m) 2,335 2,356 -1% Margin (%) 49.1 49.0 +10bps  Difficult conditions in a number of markets  Robust result  Margins maintained % change is in constant currency terms

  12. Slide 12: Logistics

    Logistics robust performance FY13 FY12 ∆ Distribution fees (£m) 850 872 -5% Adjusted operating profit (£m) 176 176 -2% Margin (%) 20.7 20.2 +50bps  Weak tobacco industry volumes impacting France, Italy and Spain  Robust performance  Adjusted operating profits +2% excluding impact of Italian VAT t

  13. Slide 13: Fontem Ventures

    Fontem Ventures IP acquisition adds to growth potential  Non-Tobacco focus  Current focus on e-vapour  launches in 2014  Acquisition of IP from Dragonite  leading e-vapour know-how  e-cigarette pioneer joins Fontem

  14. Slide 14: Corporate Responsibility

    Corporate Responsibility We can I own I am We Surprise I engage We enjoy

  15. Slide 15: FY14 Outlook

    FY14 Outlook important transition year; building on successes  Strengthening our portfolio and footprint  Backing growth with increased investment in:  Growth Brands and Markets  Fontem Ventures  People  Building resilience:  advancing cost optimisation programme  implementing stock optimisa

  16. Slide 16: Annual General Meeting 2014

    Annual General Meeting 2014 Imperial Tobacco Group PLC

Imperial Tobacco Group — Shareholder Meeting (February 2014) on 6ix