BAT Results Presentation Deck

A strong operational performance drives deleveraging * Strong adj revenue and profit at upper end of guidance* ||||| Group value share up +30bps in key markets, volume up +20bps New Category revenue growth* +32% De-leveraging of 0.4x (ex currency) and 0.5x (current rates) Dividend up 3.6% to 210.4p; 65% pay-out ratio** High Single Figure constant currency earnings** growth constant rate basis. Profit: Adjusted profit from operations. See Appendix A1-A2. **Adjusted diluted earnings per share at constant rates. See Appendix A1-A2. BRITISH AMERICAN TOBACCO 6

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