BAT Results Presentation Deck

1 2 3 5 Vapour profitability** a key driver of our performance 40% Vapour Gross Margin* % progression FY19 6 32% FY20 58% 49% 40% Il FY22 FY21 1H23 H1'23 Gross Margins 68% THP* 72% Modern Oral 68% Combustibles BAT A BETTER TOMORROW Building sustainable multi-category profit and returns * Consumables. ** Profitability at 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. 15

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