BAT Results Presentation Deck

H1 2020 RESULTS: Delivering for today & investing in the future Delivering revenue* growth in a challenging environment Releasing funds to support the growth agenda Realising the benefits of Quantum Phase 1 Generating cash to de-lever the balance sheet Committed to dividend growth and our 65% pay-out ratio * On an adjusted, constant rate basis. See Appendix A1 & A2 BAT A BETTER TOMORROW 37

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