BAT Results Presentation Deck

Adjusted results demonstrate continued delivery Organic Group Revenue* 12.5 H122 +2.8% +4.2% 5 yr CAGR*** 12.8 H1'23 Adjusted Operating Profit** 5.6 H122 +3.6% 5.8 H1'23 +4.6% 5 yr CAGR*** Adjusted Diluted 167.4 H122 EPS** +5.3% 176.3 H1'23 +6.2% 5 yr CAGR*** ● ● BAT A BETTER TOMORROW Key performance drivers New Category revenue +26.6% Combustibles volume -5.8% Cigarette price/mix^ +6.0% • + £201m New Category contribution improvement^^ +40bps Group margin expansion** ● +1.7% EPS kickers: *** ITC, share count partially offset by higher net finance costs Financial growth versus H1'22. Source: Company data. * On a constant rate, organic basis. See Appendices A2 &. A7. ** On an adjusted constant rate basis. See Appendices A1 & A2. *** On a constant rate basis. See Appendix A2. ^ See Appendix A4. ^^ Category contribution level: Profit from operations before the impact of adjusting items and translational foreign exchange, having allocated costs that are directly attributable to New Categories. See Appendices A1 & A2. 25

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