BAT Results Presentation Deck

A Pivotal Year delivered Accelerating New Category revenue growth* 51% Revenue growth* Reducing New Category losses** c.£100m Reduced losses BAT De-levering to c. 3x adj. net debt/adj. EBITDA* Enabling more active capital allocation Including £2bn Share Buyback in 2022 A BETTER TOMORROW 2.99x Leverage * 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. *** 6

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