BAT Results Presentation Deck

...Driving Strong Cash Delivery £6.5bn 6,519 2019 Free Cash Flow pre dividends* £7.3bn 7,295 2020 £7.5bn * Free Cash Flow before payment of dividends at current rates. See Appendices A1 & A7. ** See Appendix A8. 7,447 2021 £8.0bn 8,049 2022 BAT A BETTER TOMORROW €30% of market cap returned through dividends to shareholders 4 consecutive years of at least 100% Operating Cash Conversion** 14

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