BAT Results Presentation Deck

With Continued Strong Momentum in 2022 1⁰ A-Ws+ B B Step Change in New Categories Combustible Value Growth Simplify the Company 2022 highlights BAT A BETTER TOMORROW +37% Revenue growth* Contribution improvement** +4.6% Combustibles Price/Mix*** Annualised Quantum savings 2020-22 £0.6bn Flat Cigarette Value Share^ £1.9bn £8.0bn Free Cash Flow^^ * Constant rate growth. See Appendix A2. ** Reduction versus FY21 at constant rates 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. See Appendix A2. *** See Appendix A4. ^ See Appendix A3. ^^ Free Cash Flow before payment of dividends at current rates. See Appendices A1 & A7. 16

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