BAT Results Presentation Deck

Adjusted Results Demonstrate Our Resilience all +2.3 +4.6. Group Revenue* Combustibles Price/Mix** % all ¹% New Category Revenue* Flat Cigarette & THP Value Share^ bps Adjusted Operating Margin^^ all +37% +150 +4.3% +5.8 Adjusted Profit from Operations* £8.0bn ▼ BAT Free Cash Flow*** A BETTER TOMORROW EPS* % Adjusted Diluted Share growth FY22 versus FY21. Financials growth versus FY21. Source: Company data. * On a constant rate basis. See Appendix A2. ** See Appendix A4. ^ See Appendix A3. *** Free Cash Flow before payment of dividends at current rates. See Appendices A1 & A7. ^^ On an adjusted current rate basis. See Appendix A1. 20

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