BAT Results Presentation Deck

Resilient H1 performance, on track for FY23 guidance Building on strong foundations... We have the right strategy Resilient financial performance, while continuing to transform Strong New Category profitability progress led by Vuse We will continue to reward shareholders through strong, consistent cash returns. BAT ● A BETTER TOMORROW With more to do... Fixing areas of under-performance through sharpened execution Drive consistent U.S. combustibles delivery Strengthen THP Making active investment choices to enhance our capabilities and accelerate our transformation Evaluating all options to optimise capital allocation Developing a collaborative and inclusive culture Energised management team with much to do, excited about opportunities ahead Confident in delivering long-term multi-stakeholder value 40

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