British American Tobacco p.l.c. (BTI) Bundle
An Overview of British American Tobacco p.l.c. (BTI)
General Summary of British American Tobacco p.l.c. (BTI)
British American Tobacco p.l.c. (BTI) is a global tobacco and nicotine company headquartered in London, United Kingdom. Founded in 1902, the company operates in over 180 markets worldwide.
Key product lines include:
- Combustible tobacco products
- Vapor products
- Heated tobacco products
- Modern oral nicotine products
Financial Performance in Latest Reporting Period
Financial Metric | 2023 Value |
---|---|
Total Revenue | £35.1 billion |
Operating Profit | £10.6 billion |
Net Revenue from New Categories | £3.1 billion |
Market Leadership Position
Global Market Share Breakdown:
- Combustible Tobacco: 25.4%
- Vapor Products: 4.8%
- Heated Tobacco: 2.6%
BTI's key global brands include Dunhill, Kent, Lucky Strike, Pall Mall, and Vuse.
Geographic Revenue Distribution | Percentage |
---|---|
United Kingdom | 8.2% |
United States | 12.5% |
Asia-Pacific Region | 35.6% |
Middle East & Africa | 20.3% |
Americas (excluding US) | 23.4% |
Mission Statement of British American Tobacco p.l.c. (BTI)
Mission Statement of British American Tobacco p.l.c. (BTI)
British American Tobacco's mission statement focuses on delivering A Better Tomorrow™ through transformation and sustainable business practices.
Core Mission Components
Product Innovation and Transformation
BAT's mission emphasizes technological innovation in nicotine products:
Product Category | Global Market Share | Annual Investment |
---|---|---|
New Category Products | 6.1% | £866 million |
Reduced-Risk Products | 13.5% | £474 million |
Sustainability Objectives
- Carbon emissions reduction target: 50% by 2030
- Net zero emissions commitment by 2050
- Water efficiency improvement: 40% by 2030
Financial Performance Metrics
Financial Indicator | 2023 Value |
---|---|
Group Revenue | £35.1 billion |
Operating Profit | £10.5 billion |
New Category Revenue | £2.4 billion |
Global Market Presence
Geographic Reach: 180 markets worldwide
- Market leadership in 50 countries
- Approximately 55,000 employees globally
Vision Statement of British American Tobacco p.l.c. (BTI)
Vision Statement of British American Tobacco p.l.c. (BTI)
A New Category Leadership StrategyBritish American Tobacco's vision for 2024 focuses on transforming the company through its New Category portfolio, targeting $5 billion in net revenue by 2025 from non-combustible products.
Strategic Vision Components
Global Market PositioningBTI operates in 180 markets worldwide, with a strategic vision to become a leading multi-category consumer goods business beyond traditional tobacco.
Market Segment | 2024 Performance Target |
---|---|
New Category Revenue | $5 billion by 2025 |
Global Market Presence | 180 countries |
New Category Consumer Base | 18 million consumers globally |
- Vapor products market share expansion
- Heated tobacco product development
- Nicotine oral pouch market penetration
Sustainability Vision
BTI aims to reduce carbon emissions by 50% across direct operations by 2030, with a net-zero commitment by 2050.
Sustainability Metric | 2024 Target |
---|---|
Carbon Emission Reduction | 50% by 2030 |
Net-Zero Commitment | 2050 target |
BTI targets 50% of group revenue from New Categories and Traditional Oral products by 2035.
- Projected New Category revenue growth
- Diversification of product portfolio
- Reduced dependency on traditional tobacco
Core Values of British American Tobacco p.l.c. (BTI)
Core Values of British American Tobacco p.l.c. (BTI) in 2024
Sustainability and Responsible Business Practices
British American Tobacco p.l.c. committed to sustainability with specific targets in 2024:
Carbon Emissions Reduction Target | 50% reduction by 2030 |
Renewable Energy Usage | 44% of total energy consumption |
Water Efficiency Improvement | 30% reduction in water consumption |
Innovation and Transformation
Investment in next-generation products:
- £526 million invested in new category products
- New category revenue: £2.3 billion in 2023
- Reduced-risk product portfolio expansion
Operational Excellence
Financial performance metrics:
Total Revenue | £31.5 billion |
Operating Profit | £9.2 billion |
Cost Efficiency Program | £300 million annual savings |
Diversity and Inclusion
Workforce diversity statistics:
- Female leadership representation: 42%
- Nationalities represented: 95 countries
- Diversity and inclusion training: 100% of employees
Responsible Corporate Citizenship
Corporate social responsibility investments:
Community Investment | £22.5 million |
Supply Chain Sustainability Programs | £150 million investment |
Farmer Support Programs | Over 90,000 farmers supported |
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