Investor Update November 2009 (241 kb) - British American Tobacco
Investor Update November 2009 (241 kb) - British American Tobacco
Investor Update November 2009 (241 kb) - British American Tobacco
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Excellent geographic diversity with<br />
exposure to growing emerging markets<br />
Profitability by region 2008* Volumes by markets** 2008<br />
14%<br />
20%<br />
13%<br />
32%<br />
21%<br />
Europe Asia-Pacific<br />
Latin America Africa & M East<br />
America-Pacific<br />
Source: 2008 report and accounts<br />
* Profit from operations excluding unallocated costs,<br />
exceptional items, restructuring costs and gains on disposals<br />
76%<br />
24%<br />
Developed Markets<br />
Developing Markets<br />
Source: Internal company analysis<br />
** Countries are allocated to developed and developing<br />
markets based on the World Bank’s categorisation<br />
5
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