BAT Investor Conference Presentation Deck

Confident in Delivering Shared Stakeholder & Shareholder Value 50mn Non- Combustible Consumers** by 2030 £5bn New Categories Revenue by 2025 3-5% Revenue Growth* Profit From New Categories by 2025 * Medium-term growth targets. On a constant rate basis. See Appendix A3. ** Non-Combustible consumer definition: see Appendix A2. BAT A BETTER TOMORROW High Single Figure EPS growth* Adjusted diluted (post COVID) Growth and Transformation Towards A Better Tomorrow™ 28

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