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Investor Presentaiton

Continue to drive quality top-line growth 2023 - 2025 Price mix, % of Core Revenue¹) Average 6.4% SOM growth Industry volume -2% CAGR 2018 2019 2020 2021 2022 © Copyright JT 2023 Note: 1) Price / mix contribution to core revenue growth at constant FX FY18-21 price/mix equal to the sum of international and domestic price/mix for illustration purposes Tobacco Investor Conference 19
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