BAT Investor Conference Presentation Deck

Underpinned by World-Class Capabilities in Science and Innovation 60+ Years of R&D 2x R&D spend 1500 R&D specialists since 2017 114 Peer-reviewed articles and manuscripts published in New Categories BAT A BETTER TOMORROW 12 BTVentures investments adding new capabilities Accelerating our transformation through attracting new talent from a wide range of industries Representative 2017 basis with a full 12 months of US acquisition, Reynolds 12

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