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CAGNY 2021 Investor Presentation

Smokeable Products Segment Adjusted OCI Growth & Margins Growth* +5.5% CAGR $10.1 $9.2 $8.5 $8.4 $8.0 $7.7 Smokeable Products Adjusted OCI in billions 2015 2016 2017 2018 2019 2020 Industry Cigarette Volume Decline 0.0% (0.5)% (2.5)% (4.0)% (4.5)% (5.5)% Adjusted OCI Margins Growth 2015-2020 +9.2 points 47.2% to 56.4% 30 | For Investor Presentation ONLY | CAGNY 2021 | 2.17.2021 * For reconciliation of non-GAAP to GAAP measures visit altria.com Altria

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