Financial Results and Outlook

Working Capital • An important part of our role is to provide working capital to fund seasonal tobacco crop purchases We utilize over $1 Billion of Net Working Capital each tobacco crop year $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 2019 1 Plant-based ingredients acquisitions 2020 Net Working Capital (In Millions) 20211 20221 We consider net working capital to exclude cash and cash equivalents 20231 31

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