BAT Results Presentation Deck

● Full Year 2022 - Transforming and Delivering Transforming our business Continued New Category growth momentum ● • Strong H2 investment plans • Further New Category loss* reduction ● Delivering robust financial results Revenue growth of 2-4%** Mid-Single figure EPS growth** *** • Continued strong cash generation Successfully navigating the macro environment ● BAT A BETTER TOMORROW ● Leveraging our organisational agility Quantum savings in excess of £1.5bn Continued pricing power^ Committed to delivering long term sustainable shareholder value * Reduction at category contribution level: Profit from the sales of brands after deduction of directly attributable costs (including R&D, marketing) and before allocation of overheads. ** On a constant rate basis. See Appendix A2. *** On an adjusted, constant rate basis. See Appendix A1 & A2. ^ References to pricing power reflect our balanced portfolio across price tiers and low global elasticities for our combustible products. The terms are not intended to reflect any of the Group's future pricing intentions. 18

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