Investor Presentaiton

... towards 2028 RRP breakeven Building scale through geo-expansion Enhancing the positive revenue & margin mix¹) 2022 >3x 2025 HTS volume >6x >1.5x >1.6x 2028 Cigarette HTS Cigarette HTS Revenue per unit Gross margin per unit O Copyright JT 2023 Note: 1) Revenue / GM per unit based on the first wave of rollout countries Tobacco Investor Conference 24

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