Imperial Brands Results Presentation Deck

12-month Cash Conversion £m (unless otherwise stated) Net cash flow from operating activities Tax Net capex Restructuring cash spend Cash flow post capex pre interest and tax Adjusted operating profit Cash conversion (%) Working capital (outflow) / inflow 50 Full Year Results | 16 November 2021 FY21 2,167 820 (150) 112 2,949 3,573 83% (664) * IMPERIAL BRANDS FY20 4,030 568 (274) 145 4,469 3,527 127% 1,042

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