英美烟草+2023巴克莱全球必需消费品会议（演示资料）-英

Classified - ConfidentialA Purposeful and Profitable Pathway to A Better TomorrowOur New Category JourneyTM1Classified - Confidential2The information contained in this presentation in relation to British American Tobacco p.l.c. (“BAT”) and its subsidiaries has been prepared solely for use at this presentation.The presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any jurisdiction where suchdistribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.References in this presentation to ‘British American Tobacco’, ‘BAT’, ‘Group’, ‘we’, ‘us’ and ‘our’ when denoting opinion refer to British American Tobacco p.l.c. and whendenoting business activity refer to British American Tobacco Group operating companies, collectively or individually as the case may be.The information contained in this presentation does not purport to be comprehensive and has not been independently verified. Certain industry and market data contained inthis presentation has come from third party sources. Third party publications, studies and surveys generally state that the data contained therein have been obtained fromsources believed to be reliable, but that there is no guarantee of accuracy or completeness of such data.Forward-looking StatementsThis presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any BAT shares or other securities. This presentationcontains certain forward-looking statements, including “forward-looking” statements made within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.These statements are often, but not always, made through the use of words or phrases such as "believe," "anticipate," "could," "may," "would," "should," "intend," "plan,""potential," "predict," "will," "expect," "estimate," "project," "positioned," "strategy," "outlook", "target" and similar expressions. These include statements regarding our intentions,beliefs or current expectations concerning, amongst other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the economic andbusiness circumstances occurring from time to time in the countries and markets in which the British American Tobacco Group (the “Group”) operates.All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors. It is believed that the expectations reflectedin this presentation are reasonable but they may be affected by a wide range of variables that could cause actual results to differ materially from those currently anticipated.In particular, among other statements: certain statements on slides 5, 6, 17, 27 and 33.Among the key factors that could cause actual results to differ materially from those projected in the forward-looking