Imperial Brands Results Presentation Deck

EPS Up +2.8% Driven by Higher Operating Profit ** PROFIT UPSIDE PARTLY OFFSET BY TAX AND EARLY BOND REPAYMENT 247.2p +2.8% +17.8p +1.4p (10.6)p (1.6)p Minorities & JV FY20 Operating Interest adjusted Profit EPS excl. divestment Tax 14 Full Year Results | 16 November 2021 254.2p FY21 organic adjusted constant currency EPS (3.1)% (7.7)p FX (0.3)% 246.5p FY21 organic adjusted EPS MANAGING INTEREST AND TAX IMPERIAL BRANDS Good deleverage progress Interest saving from lower debt partly offset by early $1.25bn Jul 22 bond repayment Benefits gross debt, no impact on net debt Expect FY22 interest charge of £360m Upward pressure on tax FY21 tax rate of 22.6% marginally better than guidance Expect upward pressure to continue in FY22 Full reconciliation of EPS including divestment impact and foreign exchange in Appendix

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