BAT Investor Conference Presentation Deck

2021 is a Pivotal Year Accelerating New Category revenue growth Reducing New Category impact on margin BAT A BETTER TOMORROW Reducing leverage to c.3x Adj. Net Debt/ Adj. EBITDA- * Adjusted net debt to adjusted EBITDA at current rates. See Appendix A1. ** On a constant rate basis. See Appendix A2. *** Adjusted Diluted EPS on a constant rate basis. See Appendix A1 & A2 * On Track for Full Year Guidance: >5% Revenue Growth** | Mid-Single Figure EPS Growth*** 10

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