BAT Results Presentation Deck

Strong profit* growth Strong profit* growth across all regions Pricing and cost management focus Significantly increased investment in New Categories 10.3 +6.6% 11.0 FY18 £bn FY19 £bn Adj Profit from Operations * Adjusted profit from operations. 2019 Adjusted and constant rate basis V 2018 adjusted and current rate basis. See Appendix A1-A2. Source: Company data BRITISH AMERICAN TOBACCO 23

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