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Investor Update November 2009 (241 kb) - British American Tobacco

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Financial Highlights<br />

£mn FY2007 FY2008 2008H1 <strong>2009</strong>H1<br />

Volume (Bns) 684 715 334 349<br />

External NTO 10,018 12,122 6,454 6,780<br />

Operating Profit 3,002 3,717 1,757 2,164<br />

Operating Profit Margin 30% 31% 27% 32%<br />

EBITDA* 3,316 4,118 1,926 2,418<br />

EBITDA Margin 33% 34% 30% 36%<br />

Net Debt 5,665 9,852 7,329 9,587<br />

* EBITDA is adjusted to exclude exceptional items<br />

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