BAT Results Presentation Deck

A Pivotal Year in 2021 Accelerating New Category revenue growth* Reducing New Category losses*** BAT A BETTER TOMORROW De-levering to c. 3x adj. net debt/adj. EBITDA* *** * Constant rate growth. See Appendix A2. ** Reduction at category contribution level: Profit from the sales of brands after deduction of directly attributable costs (including marketing) and before allocation of overheads. *** Adjusted net debt to adjusted EBITDA at current rates. See Appendix A1. 5

View entire presentation