Imperial Brands Results Presentation Deck

Continued Robust Cash Delivery £1.5BN OF FREE CASH FLOW INCLUDES WORKING CAPITAL UNWIND £ CASH £1.5bn Free cash-flow +1% Dividend growth 15| Full Year Results | 16 November 2021 CASH CONVERSION 83% Includes c. (20)% impact from FY20 working capital unwind (£ NET DEBT 2.2x Net debt / EBITDA £8.6bn Adjusted net debt * IMPERIAL BRANDS Where possible IMB operates a cash pooling arrangement with its entities, including Logista Average Logista 12-month rolling daily benefit £2.0bn, year-end balance £1.8bn

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