PitchSend

BAT Results Presentation Deck

Velo: Continued International leadership* Continued Share Growth Across Key** Markets (c.80% of Industry Revenue) Norway 10.0% USA 2.0% 4 3Q21 4021 1022 2022 Quarterly average share of Modern Oral Share of total Oral 6.3% 1.5% 61.3% 8.9% Sweden 57.7% 10.2% 3Q21 4021 1022 2022 Quarterly average share of Modern Oral Share of total Oral 64.4% 18.9% 64.3% 21.1% 3Q21 4021 1022 2022 Quarterly average share of Modern Oral Share of total Oral 93.8% 85.3% Denmark 92.0% 86.2% 3Q21 4021 1022 2022 Quarterly average share of Modern Oral Share of total Oral + Switzerland 91.5% BAT A BETTER TOMORROW 56.3% 93.0% 61.6% 3Q21 4021 1022 1022 Quarterly average share of Modern Oral Share of total Oral Leader in 15 of 17 European markets * Volume share leadership in Top 5 markets. Velo is volume share leader in 4 of the international top 5 (i.e. excluding the US). ** Key markets: Sweden, Norway, Denmark, Switzerland, US and now excludes Germany. Volume share of Modern Oral category and volume share of total oral category - monthly average of quarter share to May 2022. See Appendix A3 for Volume share definition. 31

View entire presentation