British American Tobacco (NYSE: BTI) stock got hit with a big sell-off Thursday. The tobacco giant's share price closed out the day down 7.3%, despite gains of 1.04% for the S&P 500 index in the daily session.

British American Tobacco p.l.c.'s FY 2024 results highlight resilience with 1.3% revenue growth, solid cash flow, and a 7%+ dividend yield. Read more here.

I'm delighted to welcome you to our 2024 preliminary results presentation. With me this morning is Soraya Benchikh, CFO; and Victoria Buxton, group head of investors relations. I will begin with our transformation highlights and the progress we have made during our investment year.