BAT Results Presentation Deck

Resilient Combustible volumes Outperforming the industry (+30bps volume share*) Strong performance in DMs ● Robust pricing Robust pricing environment No accelerated downtrading +7.6% 3 year average price/mix ● ● REVENUE: Growth in a Challenging Environment BAT A BETTER TOMORROW ● Revenue growth*** +3.3% Absorbing c.-2.5% COVID headwind Combustible revenue*** +2.8% New Category revenue*** +15.4% ● Revenue 2019 +2.3% +1.0% Combustibles** Non-Combustibles c. 2.5% +3.3% Revenue growth Revenue 2020 constant rates COVID headwind -3.7% FX & Adjusting Revenue from PY Revenue 2020 Strong revenue and share momentum into 2021 *FMC+THP volume share. For definition see Appendix A3. ** Combustibles revenue contribution net of other revenue growth. ***On an adjusted, constant rate basis. See Appendix A1 & A2. 16

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