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CAGNY 2021 Investor Presentation

Risk Cliff Between Combustible & Non-Combustible Tobacco¹ Higher Combustible Risk Tobacco Products Lower Risk Non-Combustible Tobacco Products 1 Adapted from Nutt, et. al Estimating the Harms of Nicotine-Containing Products Using the MCDA Approach. Eur. Addict Res 2014; 20:218-225. Evaluation criteria include; product specific mortality; product related mortality; product specific morbidity; dependence; loss of tangibles; loss of relationships; injury; crime; environmental damage; family adversities; international damage; economic cost; and community. 14 | For Investor Presentation ONLY | CAGNY 2021 | 2.17.2021 b Altria

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