BAT Results Presentation Deck

We are entering the next phase of our journey - Faster Transformation £5bn New Category revenue and profitability by 2025* Beyond Nicotine opportunities 3-5% Group Revenue Growth *** High-Single Figure EPS^ growth Medium term outlook * Profitability at category contribution level: Profit from the sales of brands after deduction of directly attributable costs (including marketing) and before allocation of overheads. payments. See Appendix A1 and A8. *** At constant rates. See Appendix A2. ^Adjusted diluted constant rate basis. See Appendix A1 & A2. *** BAT A BETTER TOMORROW Cumulative free cash generation c.£40bn** Ambition over the next 5 years. Pre dividend 35

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