Imperial Brands Results Presentation Deck

Operating Profit: Adjusting Items as Guided MAJOR CHANGE PROGRAMME ON TRACK TO DELIVER STEP-CHANGE FY21 Reported operating profit Restructuring costs Amortisation and impairment Profit on subsidiary disposal Net other* Organic adjusted operating profit 13 | Full Year Results | 16 November 2021 £3,146m £257m £450m £(281) m £ (2)m £3,570m * - IMPERIAL BRANDS Adjustments to reported operating profit Organisational change programme on track Restructuring costs in line with strategy guidance Programme will deliver step-change in capabilities Expect initiatives substantially completed by end FY22 FY21 last year of legacy cost optimisation programmes £118m NGP intangible asset impairment £73m reflected in restructuring costs £45m included in amortisation & impairment. Profit on subsidiary disposal Premium Cigar disposal proceeds as per half year *Net other includes fair value of loan receivable movements, adjusted operating profit from the divested Premium Cigar Division, excise tax provision, acquisition and disposal costs

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