Imperial Brands PLC · LSE:IMB
Imperial Brands — Imperial Tobacco Group — Shareholder Meeting (February 2011)
24 slides from Imperial Brands's shareholder meeting presentation, Feb 2, 2011
Slide 1: Annual General Meeting 2011
Annual General Meeting g 2011 Imperial Tobacco Group PLC 2 February 2011
Slide 2: Iain Napier, Chairman
Iain Napier p Chairman
Slide 3: Our Strategy
Our Strategy gy Delivering sustainable shareholder returns Growth drivers Costt C Sales S l Cash C h Optimisation Growth Utilisation Our key assets Market Total Brand Footprint Tobacco Equity People How we leverage our assets Consumer Execution Future Centric Excellence Foundations
Slide 4: FY10 Highlights
FY10 Highlights g g Tobacco net revenue up 3% to £7.1 bn Operating profit up 5% to £3.1bn Earnings per share up 11% to 178.8p Adjusted net debt down to £9.3 bn Full year dividend per share up 15% to 84.3p 84 3p
Slide 5: FY10 Overview
FY10 Overview Resilient volume performance: – Stick equivalents down 2.9% – Cigarette volumes down 4 4.2% 2% – Fine cut tobacco volumes up 8.7% Global strategic cigarette brand volumes: – Davidoff up 3% – West up 2% – Gauloises Blondes up 4% (H2) – JPS volumes up 13% Strong fine cut tobacco pe
Slide 6: Alison Cooper, Chief Executive
Alison Cooper p Chief Executive
Slide 7: Our Strategy
Our Strategy gy Delivering sustainable shareholder returns Growth drivers Costt C Sales S l Cash C h Optimisation Growth Utilisation Our key assets Market Total Brand Footprint Tobacco Equity People How we leverage our assets Consumer Execution Future Centric Excellence Foundations
Slide 8: Applying our Strategy: Consumer Centric
Applying pp y g our Strategy gy Consumer Centric This space appears blank because we have removed some images g that appear pp in the presentation. This is because we do not feature tobacco product imagery on our website website.
Slide 9: Applying our Strategy: Execution Excellence
Applying pp y g our Strategy gy Execution Excellence This space appears blank because we have removed some images g that appear pp in the presentation. This is because we do not feature tobacco product imagery on our website website.
Slide 10: Applying our Strategy: Future Foundations
Applying pp y g our Strategy gy Future Foundations
Slide 11: Our People
Our People p Global team fully aligned Skills and capabilities: research and further development Global Gl b l managementt engagement survey
Slide 12: Our Responsible Approach
Our Responsible p Approach pp Increased foc focus s on anti anti-illicit illicit trade activities Sept 2010: Joint agreement with European p Commission and EU member states Social Responsibility in Tobacco Production Programme: 100% compliance Revised and enhanced code of conduct Gold Awar
Slide 13: Regional Review FY10
Regional g Review FY10
Slide 14: UK Performance: FY10
UK Performance: FY10 Cigarette Share Revenue and profit growth 46.0 FY MAT 45.4% 45.5 Cigarette % HY avg 45.0 45.4% – strong gains in JPS Silver & Windsor Blue 44.5 – 41% share of economy segment 44.0 Sep 09 Nov 09 Jan 10 Mar 10 May 10 Jul 10 Sep 10 Fine cut tobacco Spot p – market share 54.5%
Slide 15: Germany Performance: FY10
Germany y Performance: FY10 Cigarette Share Cigarette 28 % – JPS share approaching 10% 27 FY MAT – Gauloises distribution expanded since April HY avg 26.9% 26 26.6% – Gauloises Blondes share up since Half Year 25 Sep 09 Nov 09 Jan 10 Mar 10 May 10 Jul 10 Sep 10 Fine cut tobacco Spot p – market s
Slide 16: Spain Performance: FY10
Spain p Performance: FY10 Cigarette 34 Domestic Blonde Cigarette Share 33 – Fortuna Red Line launched 32 31 % FY MAT – Nobel resilient 30 29.0% 29 HY avg 29.7% – Ducados Rubio good performance 28 27 26 Sep 09 Nov 09 Jan 10 Mar 10 May 10 Jul 10 Sep 10 Fine cut tobacco Improving our people Spot p
Slide 17: Rest of EU Performance: FY10
Rest of EU Performance: FY10 Cigarette 27 F France Domestic D ti Blonde Bl d Cigarette Ci tt Share Sh 26 – France share 23.6% % 25 FY MAT 23.6% – share gains in a number of markets 24 HY avg 23 23.9% – Austria, Czech, Hungary and Portugal 22 21 Sep 09 Nov 09 Jan 10 Mar 10 May 10 Jul 10 Sep 10 Fi
Slide 18: Americas Performance: FY10
Americas Performance: FY10 USA cigarette 4.5 USA Cigarette Share HY avg – discount sector strength 4.0% 40 4.0 % FY MAT Brand rejuvenations 3.5 3.9% – USA Gold and Sonoma Sep 09 Nov 09 Jan 10 Mar 10 May 10 Jul 10 Sep 10 Spot p Growing Gro ing distrib distribution tion Imperial estimates
Slide 19: Rest of the World Performance: FY10
Rest of the World Performance: FY10 Af i & Middle Africa Middl EEastt – Share gains in African & ME markets – Gauloises Blondes growth in Morocco – Davidoff in Saudi Arabia – West in Turkey Eastern Europe – Sales up 7% – Davidoff success in Russia and Ukraine Imperial estimates
Slide 20: Rest of the World Performance: FY10
Rest of the World Performance: FY10 A i P Asia Pacific ifi Australia – cigarette share up to 17.5% Taiwan – cigarette share up to 11 11.0% 0% Indo-China Indo China – share gains in Laos and Cambodia Davidoff in South Korea Imperial estimates
Slide 21: Logistics Performance: FY10
Logistics g Performance: FY10 Robust performance Tobacco logistics – Spain: pricing and cost savings offsetting volumes – France: volumes broadly stable – Italy: price increases Other logistics – wholesale gaining market share – revenue growth in pharma division – resilient transport activitie
Slide 22: Trading Update
Trading g Update p Quarter ended 31 December 2010
Slide 23: Outlook for 2011
Outlook for 2011 “The overall operational performance and financial position of the Group Gro p for the financial y year to 30 September 2011 is in line with the B Board’s d’ expectations.” t ti ”
Slide 24: Annual General Meeting, Imperial Tobacco Group PLC
Annual General Meeting g Imperial Tobacco Group PLC
Imperial Tobacco Group — Shareholder Meeting (February 2011) on 6ix