Imperial Brands Results Presentation Deck

Good Progress Towards Target Leverage 2.2X GEARING; NEARING SUSTAINABLE TARGET RANGE Good Deleverage progress 2.7x 0.2x 0.2x 0.1x Premium Cigar sale Cash generation. Lower end of 2.0-2.5x target leverage 16 | Full Year Results | 16 November 2021 FX 2.2x * Capital allocation priorities 1 Investing in the strategy 2 Strong and efficient balance sheet 3 Progressive dividend policy 4 Surplus capital returns. IMPERIAL BRANDS

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