BAT Results Presentation Deck

Combustibles: a strong performance Winning in all market types and key segments Key Segments Driving growth Freshness and stimulation Slimmer Non full flavour +100bps +170 bps +30bps FMC share change YTD 2020 vs FY 2019 50 20 Corporate Share Volume share change DMS (c.75% revenue) Driving value growth 30 30 Share in Developed Markets Value share change BAT A BETTER TOMORROW EMS (c.25% revenue) Driving volume growth 70 Flat Share in Emerging Markets 29

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