Committed to Building
A Better TomorrowTM
Our Purpose
To build A Better TomorrowTM for all our stakeholders.
Our Commitment
To reduce the health impact of our business through a multicategory portfolio of reduced-risk*โ products.
* Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk-free and are addictive.
โ Our vapour product Vuse (including Alto, Solo, Ciro, and Vibe), and certain products, including Velo, Grizzly, Kodiak, and Camel Snus, which are sold in the U.S., are subject to FDA regulation and no reduced-risk claims will be made as to these products without agency clearance.
A Year At A Glance
Revenue
RM
0
Million
Basic Earnings Per Share
0
Sen
Net Dividend Per Share
0
Sen
Market Share of Legal Combustible
0
%
Profit Before Tax
RM
0
Million
Net Profit
RM
0
Million
Shareholdersโ Fund
RM
0
Million
Net Returns on Shareholdersโ Fund
0
%
Awards and Achievements
TOP Employer Award
- Top Employer in Malaysia for the sixth consecutive year
- Top Employer in the Asia Pacific and Global categories
Graduates Choice Award
- 2024 Graduates' Choice of Employer to Work for in the tobacco category
- No. 1 ranking in Malaysia at Talentbank's Graduates Choice Award
Employee Experience Award
- Bronze award for the Best Hybrid Working Model
Bursa Malaysia FTSE Russell ESG Ratings
- Top 25% among public listed companies in ESG performance
Malaysian Occupational Safety and Health Practitionersโ Association (MOSHPA) Award
- Platinum Gold Award in the FMCG category
- 5th consecutive year that BAT Malaysia has been awarded by MOSHPA
Nedal Louay Salem
(Managing Director)
Tan Sri Datoโ Seri Dr. Aseh bin Haji Che Mat
(Chairman)
Joint Message from Our Chairman and Our Managing Director
Dear Shareholders,
On behalf of the Board of Directors, we are pleased to present BAT Malaysiaโs Annual Report and Financial Statements for the financial year ended 31 December 2023.
2023 has been extremely challenging for BAT Malaysia Group on the back of strong economic headwinds and continued inflationary pressures that reduced the disposable income of consumers. This in turn forced consumers to downtrade or choose alternative nicotine products such as vapour.
Revenue
RM
0
Million
Shareholdersโ Fund
RM
0
Million
Profit Before Tax
RM
0
Million
Management Discussion & Analysis
BAT Malaysia will continue growing its revenue through combustibles. This will enable us to allocate sufficient investments to develop New Category products that will fulfil our aim of providing greater choice and reduced-risk*โ products to our consumers.
* Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk-free and are addictive.
โ Our vapour product Vuse (including Alto, Solo, Ciro, and Vibe), and certain products, including Velo, Grizzly, Kodiak, and Camel Snus, which are sold in the U.S., are subject to FDA regulation and no reduced-risk claims will be made as to these products without agency clearance.
Five-Year Performance History
REVENUE
(RM million)
0
2019
0
2020
0
2021
0
2022
0
2023
PROFIT FROM OPERATIONS
(RM million)
0
2019
0
2020
0
2021
0
2022
0
2023
NET TOTAL DIVIDEND
PER SHARE (sen)
0
2019
0
2020
0
2021
0
2022
0
2023
RETURN ON EQUITY
0
%
2019
0
%
2020
0
%
2021
0
%
2022
0
%
2023
Our Approach to Sustainability
Our Sustainability strategy underpins how we conduct our business and deliver our corporate purpose of building A Better Tomorrow โข. It reflects our commitment to reducing the health impact of our business while simultaneously driving excellence across Environmental, Social and Governance (ESG) matters.
H
E
S
G
H
TOBACCO HARM REDUCTION
The BAT Group has a clear purpose: to build A Better Tomorrowโข by reducing the health impact of its business. This commitment drives the BAT Group to provide adult smokers with scientifically-substantiated reduced-risk*โ alternatives, backed by science and tested to meet or exceed industry-leading standards.
* Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk-free and are addictive.
โ Our Vapour product Vuse (including Alto, Solo, Ciro, and Vibe), and certain products, including Velo, Grizzly, Kodiak, and Camel Snus, which are sold in the U.S., are subject to FDA regulation and no reduced-risk claims will be made as to these products without agency clearance.
E
ENVIRONMENT
BAT Malaysia is committed to reducing the environmental impact of our business operations and transitioning to a low-carbon portfolio. Our approach to managing environmental impacts is clearly defined in accordance with the principles of Malaysiaโs Environmental Quality Act 1974 and BAT Groupโs Environment Policy. The policy has been adopted by BAT Malaysia and implemented through an Environmental Management System that is benchmarked against international standards such as the ISO14001.
S
Social
BAT Malaysia is committed to creating a positive social impact through our operations in Malaysia. In this section of the report, we have elaborated how we create value through four of our priority material topics by ensuring a comprehensive understanding and fulfilment of the needs of our employees and other individuals in our supply chain as well as the communities in which we operate.
G
Governance
Acting responsibly and with integrity is fundamental to how BAT Malaysia conducts its business operations. Good corporate governance forms the very foundation of our culture and values and is a key element in ensuring the sustainable, long-term growth of our business
63rd Annual General Meeting
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Broadcast Venue
Infinity Room
Level 16, Guoco Tower, Damansara City
No. 6, Jalan Damanlela, Bukit Damansara
50490 Kuala Lumpur
Tel
: +60 (3) 2720 8188
Downloads
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Committed to Building A Better TomorrowTM
A Year At A Glance
Joint Message from Our Chairman and Our Managing Director
Management Discussion & Analysis
Five Year Performance History
Our Approach to Sustainability
63rd AGM
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