Business Context and Reporting Period
This Form 6-K filing by British American Tobacco p.l.c. (BAT) is dated June 8, 2021. The report serves to incorporate by reference a press release titled "2021 First Half Pre-Close Trading Update." The filing covers the company's performance and outlook for the first half of the fiscal year 2021.
Key Financial Metrics
The provided text is a cover sheet and does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the referenced Exhibit 1 (the press release), which is not included in the input text.
Material Changes
Specific quantitative material changes versus the prior comparable period are not detailed in the filing text. However, the filing notes that certain sections of the press release regarding Vuse market share and FY 2021 expectations are excluded from incorporation by reference into specific registration statements.
Management Commentary and Outlook
- Regulatory Exclusions: The filing explicitly excludes specific forward-looking statements from incorporation into Form S-8 and Form F-3 Registration Statements. These exclusions include:
- Details under the heading "FY 2021 expectations."
- Specific bullet points under "Driven by."
- Data regarding Vuse approaching global leadership in vapour, specifically the 31.4% category value share in Top 5 vapour markets (April YTD) and the 5.9 percentage point increase versus FY 2020.
- Information regarding the webcast and conference call scheduled for 8:30 am BST.
Investor Verification Checklist
- Verify the full text of the "2021 First Half Pre-Close Trading Update" (Exhibit 1) to obtain actual revenue, profit, and cash flow figures.
- Review the excluded sections of the press release to understand the specific FY 2021 expectations and Vuse market share data not incorporated into the registration statements.
- Confirm the details of the conference call and webcast mentioned in the excluded text for management commentary.
- Check the "Note on Non-GAAP Measures" section in the full press release for definitions of adjusted metrics.