BAT Results Presentation Deck

QUANTUM: Realising the benefits of Phase 1 80% of Phase 1 savings realised; c.£300m expected savings for FY20 Phase 1 Completed: Ahead of schedule Organisational re-design ✓ Simplification and agility New ways of working Phase 2 Underway: Operational efficiency Route to market focus Supply chain productivity 80% Phase 1 savings realised £240m in H1 2020 Phase 2 £700m 2021-22 Expected savings BAT A BETTER TOMORROW QUANTUM £1bn On track to deliver Phase 1 savings of £300m 2020-2022 Expected savings Supporting investment and continued delivery 43

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