BAT Results Presentation Deck

Combustibles | Delivering value growth Revenue* from Combustibles +4.6% 21.9 2018 £bn 22.9 2019 £bn *Adjusted and constant rate basis. See Appendix A1-A2 ** See Appendix A4.. Growth drivers: ● ● Value share growth Strong brands Cigarette Price/Mix** 9% Improved geographic mix BRITISH AMERICAN TOBACCO 11

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