BAT Investor Conference Presentation Deck

Delivering for all Stakeholders in 2020 2020 REVENUE GROWTH* +3.3% CONSUMERS of Non-Combustibles 13.5m +3.0m OPERATING CASH CONVERSION 103% 2020 PROFIT GROWTH* FROM OPERATIONS +4.8% ESG INDICES MSCI: BBB Sustainalytics: 27.8% LEVERAGE REDUCTION -0.3x 2020 EPS GROWTH** +5.5% Growth versus FY19. * On an adjusted, constant rate basis. See Appendix A1 & A2. ** Adjusted, diluted EPS on a constant rate basis. See Appendix A1 & A2. *** Ratio DIVERSITY FT Index & Global Top Employer FT LEADER IN stus 2020 DIVERSITY top EMPLOYERS INSTITUTE DIVIDEND PAY-OUT*** 65% BAT A BETTER TOMORROW A £26bn revenue, consumer-centric multi-category CPG with ESG at the centre 9

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