{
  "docId": "019de50f-8a9d-766a-906e-e851d7a0d231",
  "docSlug": "236bf23710bfd9fc3628c878ff7d4954",
  "documentTitle": "BAT | Results Presentation Deck | 40 slides",
  "authorId": "bat",
  "authorName": "British American Tobacco",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2020-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 34,
  "pageCount": 40,
  "prevPage": 33,
  "nextPage": 35,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 4,
  "notes": "The chart shows a clear downward trend in Net Debt/EBITDA ratio from 2018 to 2021e.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-8a9d-766a-906e-e851d7a0d231/34",
  "deckHref": "/decks/019de50f-8a9d-766a-906e-e851d7a0d231",
  "deckJsonHref": "/decks/019de50f-8a9d-766a-906e-e851d7a0d231.json",
  "deckAnchorHref": "/decks/019de50f-8a9d-766a-906e-e851d7a0d231#slide-34",
  "components": [
    {
      "bbox": {
        "h": 0.2,
        "w": 0.35,
        "x": 0.6,
        "y": 0.25
      },
      "kind": "callout",
      "text": "FY Operating cash conversion target above 90%",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3ddc2e04-e0ab-482e-95b9-631c79c86ee1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.35,
        "x": 0.6,
        "y": 0.5
      },
      "kind": "callout",
      "text": "Dividend – 65% pay-out ratio / growth in GBP terms",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f11be833-3f9d-4256-a522-7b4b6eacc0d7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.4,
        "x": 0.05,
        "y": 0.2
      },
      "kind": "chart",
      "text": "Adj Net Debt/Adj EBITDA",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ebb8f328-2cd3-4c1e-ad1a-3e306523e2be",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.83
      },
      "kind": "disclaimer",
      "text": "*Adjusted Net Debt is total borrowings... **Adjusted EBITDA is not a measure defined by IFRS...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "235e6954-f642-4932-b9ec-0383fdf26ff8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.7,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "Committed to de-lever to below 3.0x by end of 2021",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b8a29714-0a5d-4bcb-9e84-0af31fc1b53b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 36,
      "from": 21,
      "beatId": "7f7bc86b-8928-4143-a200-d4ce1178c640",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Action",
      "beatSlug": "monroes-sequence-action",
      "evidence": "The deck outlines BAT's plans for future growth and investment",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 36,
      "from": 6,
      "name": "Quick Win Big Bet",
      "slug": "47-quick-win-big-bet",
      "bestFor": "Transformation planning, 100-day plans, resource allocation",
      "matchId": "f8f87ffe-1c6d-4c3e-96b6-94419c519bda",
      "evidence": "The deck presents various KPIs and financial metrics to demonstrate BAT's progress",
      "position": 1,
      "objective": "Showcasing BAT's strong operational performance and growth prospects",
      "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap",
      "confidence": 0.6,
      "description": "Separate initiatives into immediate wins and longer-term strategic bets"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}