Imperial Brands PLC (IMB:LN)

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Business Description and Key Statistics

Price, Moving Averages & Volume

Website: ICB Industry: ICB Subsector: Address: Employees: Current YTY % Chg Revenue LFY (M)

Operating EPS LFY Market Value (M)

Shares Outstanding LFY (000) Book Value Per Share

EBITDA Margin % Net Margin %

Long-Term Debt / Capital % Dividends and Yield TTM Payout Ratio TTM %

60-Day Average Volume (000) 52-Week High & Low

Price / 52-Week High & Low Imperial Brands is a holding company. Through its subsidiaries, Co.

sells its brands and products in international markets which it manages through Europe, Americas and Africa, Asia and Australasia divisions. These brands consist of tobacco and Next Generation Products (NGP). Co. is engaged in Tobacco and NGP business, which comprises the manufacture, marketing and sale of Tobacco and NGP and Tobacco and NGP-related products, including sales to (but not by) the Distribution business; and Distribution business, which comprises the distribution of Tobacco and NGP products for Tobacco and NGP product manufacturers, as well as a range of non-Tobacco and NGP products and services.

Consumer Staples Tobacco www.imperialbrandsplc.com 121 Winterstoke Road Bristol GBR 32,500 32,562 1.58 14,319 946,408 5.15 11.20 4.6 64.9 1.14 - 7.52% 100.0 2,500 1,844.00 - 1,219.00 0.82 - 1.24 3.1 49.4 1,182.7 1,182.7 1,282.6 1,282.6 1,382.5 1,382.5 1,482.3 1,482.3 1,582.2 1,582.2 1,682.1 1,682.1 1,782.0 1,782.0 1,881.9 1,881.9 1,981.8 1,981.8 Q1' 20 Q2 Q3 Q4 Q1' 21

Volume (000)

0 0 2,944 2,944 5,888 5,888 8,832 8,832 11,776 11,776 Q1' 20 Q2 Q3 Q4 Q1' 21 Mean (2588.55) Imperial Brands PLC is currently trading at 1,513.00 which is 2.5% below its 50 day moving average price of 1,551.97 and 5.1% above its 200 day moving average price of 1,439.10.

IMB:LN is currently 18.0% below its 52-week high price of 1,844.00 and is 24.1% above its 52-week low price of 1,219.00. Over the past 52-weeks, IMB:LN is down 16.1% while on a calendar year-to-date basis it is down 1.5%. The Relative Strength Index (RSI) indicator for IMB:LN is currently 48.84. An RSI value of 70 and above is considered overbought and 30 and below oversold.

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Price Performance, Technical Indicators & Risk Metrics

5-Year Price Performance vs. FTSE 350

Difference Price Performance % Change vs FTSE 350 1-Day % 1-Week % 4-Week % 52-Week % Quarter-to-Date % Year-to-Date % Last Month % Last Quarter % Last Calendar Year %

Technical Indicators 50-Day Average Price Price / 50-Day Average 200-Day Average Price Price / 200-Day Average RSI - Relative Strength Index

Risk Metrics Price Volatility Sharpe Ratio Sortino Ratio -1.30 2.96 -5.64 -16.09 -1.47 -1.47 -4.27 12.29 -17.84 -3.32 3.52 -19.00 -3.58 -11.31 4.62 -32.01 1551.97 0.97 1439.10 1.05 48.84 77.00 -0.16 -0.23

Imperial Brands PLC Current: 0.41 CAGR: -16.5%

FTSE 350 Index Current: 1.09 CAGR: 1.9%

0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.5 0.6 0.6 0.7 0.7 0.8 0.8 0.9 0.9 1.0 1.0 1.1 1.1 1.2 1.2 1.3 1.3 1.3 1.3 2016 2017 2018 2019 2020 2021 IMB:LN ^NMX:LN

Over the past five years, Imperial Brands PLC's stock price is down 59.5% which is 68.9% below the FTSE 350 Index performance of 9.4% over the same period. Imperial Brands PLC's cumulative annualized growth rate (CAGR) over the five year period has been -16.5% while that of the FTSE 350 Index has been 1.9%.

Over the past year, Imperial Brands PLC's stock price performance of -16.1% has underperformed that of the FTSE 350 Index by 3.6%. On a year-to-date basis, Imperial Brands PLC's stock price performance of -1.5% has underperformed the FTSE 350 Index by %.

Over the past week, Imperial Brands PLC's stock price performance of 3.0% has outperformed that of the FTSE 350 Index by 3.5%.

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Growth and Profitability Metrics

Historical Growth 3-Year 5-Year 10-Year Revenues %

Revenues Per Share % EBITDA %

Operating EPS % Free Cash Flow % Cash from Operations % Book Value %

Profitability

5-Year 10-Year Current Average Average Gross Margin % EBITDA Margin % Pre-Tax Margin % Net Margin % Return on Equity % Return on Capital % Return on Assets % 2.5 2.6 0.0 2.4 3.6 9.6 -4.7 5.2 5.3 4.5 -2.2 7.1 8.0 -1.5 1.5 2.1 1.3 0.7 4.7 3.5 -2.9 19.0 11.2 6.6 4.6 30.5 8.9 4.5 20.6 11.8 5.5 3.9 22.0 7.0 3.8 20.1 11.6 5.6 4.3 21.6 7.7 4.1

Current: 32562.00 Median: 30524.00 High: 32562.00 Low: 27634.00 CAGR: 4.2%

Revenue (M)

27,387.6 27,387.6 29,440.9 29,440.9 31,494.3 31,494.3 33,547.6 33,547.6 2016 2017 2018 2019 2020 27,634.0 30,247.0 30,524.0 31,594.0 32,562.0

EPS Diluted

0.61 0.61 1.00 1.00 1.38 1.38 1.76 1.76 2016 2017 2018 2019 2020 0.66 1.47 _1.43 1.06 1.58

Net Profit Margin %

2.2 2.2 3.0 3.0 3.9 3.9 4.8 4.8 2016 2017 2018 2019 2020 Mean (3.92)

Return on Equity %

11.0 11.0 17.8 17.8 24.6 24.6 31.4 31.4 Mean (21.95) Imperial Brands PLC's cumulative annualized revenue growth rate over the charted period is 4.2%. This compares to revenue growth of 3.1% last fiscal year and cumulatative annualized growth of 2.5% over the past 3 years.

Imperial Brands PLC's cumulative annualized EPS growth rate over the charted period is 24.4%. This compares to EPS growth of 49.4% last fiscal year and cumulatative annualized growth of 2.4% over the past 3 years.

Imperial Brands PLC's net profit margin last fiscal year of 4.6% is 0.7% above the period's mean net margin of 3.9%. During the charted period, the observed net profit margin high and low were 4.7% and 2.3% respectively.

Imperial Brands PLC's return on equity of 30.5% is 8.5% above the period's mean return on equity of 22.0%. During the charted period, the observed ROE high and low were 30.5% and 11.9% respectively.

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Valuation Metrics

5-Year 10-Year

Current Median Median

Price / EPS TTM Price / Sales

Price / Operating Cash Flow Price / Book Value

5-Year 10-Year

Current Median Median

Earnings Yield % Free Cash Flow Yield % Dividend Yield %

Enterprise Value / EBITDA 9.6 0.4 6.0 2.9 18.9 0.8 9.6 4.4 19.8 0.9 10.2 4.1 10.45 19.54 7.52 6.7 5.29 11.34 6.59 10.0 5.06 9.09 4.59 10.4

Current: 9.57 Median: 18.89 High: 60.50 Low: 7.71 CAGR: -17.5%

Price / EPS TTM

5.1 5.1 24.4 24.4 43.8 43.8 63.1 63.1 2016 2017 2018 2019 2020 Median (18.89)

Price / Sales

0.31 0.31 0.71 0.71 1.11 1.11 1.52 1.52 2016 2017 2018 2019 2020 Median (0.82)

Price / Book Value

2.1 2.1 4.0 4.0 5.8 5.8 7.7 7.7 2016 2017 2018 2019 2020 Median (4.37)

Free Cash Flow Yield %

6.5 6.5 12.7 12.7 18.9 18.9 25.1 25.1 2016 2017 2018 2019 2020 Median (11.34)

Imperial Brands PLC is trading at 9.57 times its EPS

generated during the latest fiscal year. This multiple is below the historically observed median of 18.89, while high and low observations have been 60.50 and 7.71.

Imperial Brands PLC is trading at a Price to Sales ratio of 0.44 based on sales generated during the latest fiscal year. This ratio is below the historically observed median ratio of 0.82, while high and low observations have been 1.46 and 0.36.

Imperial Brands PLC is trading at a Price to Book ratio of 2.94 based on book value at the latest fiscal year end. This ratio is below the historically observed median of 4.37, while high and low

observations have been 7.42 and 2.37.

Imperial Brands PLC has a Free Cash Flow Yield of 19.54% based on free cash flow generated during the latest fiscal year. This value is above the historically observed median yield of 11.34%, while high and low observations have been 24.25 and 7.30.

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Dividends Data

Dividend Growth and Yield

Dividends Per Share TTM 1.14 Payout Ratio TTM % 100.00% Dividend Yield TTM % 7.52%

Rate Ex Date Record Date Payment Date Currency Note

0.209 20-08-2020 21-08-2020 30-09-2020 GBP INTERIM GBP0.417 GROSS PAYABLE IN 2 INSTALMENTS OF GBP0.2085

0.209 28-05-2020 29-05-2020 30-06-2020 GBP INTERIM GBP0.417 GROSS PAYABLE IN 2 INSTALMENTS OF GBP0.2085

0.720 20-02-2020 21-02-2020 31-03-2020 GBP FINAL GROSS

0.720 21-11-2019 22-11-2019 31-12-2019 GBP 3RD INTERIM GROSS

0.313 22-08-2019 23-08-2019 30-09-2019 GBP INTERIM GROSS GBP0.6256 PAYABLE IN 2

INSTALMENTS OF GBP0.3128 ON 28TH JUNE AND 30T… 0.313 23-05-2019 24-05-2019 28-06-2019 GBP INTERIM GROSS GBP0.6256 PAYABLE IN 2

INSTALMENTS OF GBP0.3128 ON 28TH JUNE AND 30T…

0.655 21-02-2019 22-02-2019 29-03-2019 GBP FINAL GROSS

0.284 23-08-2018 24-08-2018 28-09-2018 GBP INTERIM GROSS GBP0.5687, PAYABLE IN 2 INSTALMENTS OF GBP0.28435 ON 29TH JUNE AND… 0.284 24-05-2018 25-05-2018 29-06-2018 GBP INTERIM GROSS GBP0.5687, PAYABLE IN 2

INSTALMENTS OF GBP0.28435 ON 29TH JUNE AND…

0.595 22-02-2018 23-02-2018 29-03-2018 GBP FINAL GROSS

Dividends Per Share TTM

1.09 1.09 1.26 1.26 1.43 1.43 1.61 1.61 1.78 1.78 1.95 1.95 2.12 2.12 2016 2017 2018 2019 2020

Dividend Yield TTM %

2.85 2.85 5.09 5.09 7.34 7.34 9.58 9.58 11.82 11.82 14.07 14.07 16.31 16.31

Imperial Brands PLC's trailing 12-month dividend per share is 1.14 and its dividend has grown at a cumulative annualized rate of -4.4% over the charted period. This compares to dividend growth of -43.20% over the past year and cumulative annualized growth of -11.70% over the past 3 years.

Imperial Brands PLC's current dividend yield is 7.52% based on trailing 12 month

dividends. The current yield is above the historically observed median of 6.59% and, over the charted time period, the observed high yield has been 15.70% and the observed low yield has been 3.46%.

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Subsector Peer Comparisons

Market Value (M)

Revenue LFY (M)

Price / EPS TTM

Price / Book Value

EPS 5-Year Growth Rate %

Revenue 5-Year Growth Rate %

0 0 16,311 16,311 32,622 32,622 48,934 48,934 65,245 65,245

British American Tobacco Plc

Peer Group Average

Imperial Brands PLC 62,820 38,569 14,319 0 0 8,224 8,224 16,448 16,448 24,672 24,672 32,896 32,896 Imperial Brands PLC

Peer Group Average

32,562 29,220 25,877 0.0 0.0 2.8 2.8 5.6 5.6 8.3 8.3 11.1 11.1

Peer Group Average

Imperial Brands PLC 11.0 10.3 9.6 0.0 0.0 0.8 0.8 1.5 1.5 2.3 2.3 3.0 3.0 Imperial Brands PLC

Peer Group Average

2.9 2.0 1.0 -3.8 -3.8 -0.6 -0.6 2.6 2.6 5.8 5.8 9.0 9.0

Peer Group Average

Imperial Brands PLC 8.4 3.1 -2.2 0.0 0.0 3.4 3.4 6.7 6.7 10.1 10.1 13.5 13.5

Peer Group Average

Imperial Brands PLC

13.1

9.2

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Abbreviations: CAGR EBIT EBITDA LFY M LON Definitions: Market Value Revenue

Revenue Per Share Operating EPS LFY

60-Day Average Volume (000) Price 52-Week High

Price 52-Week Low Price / 52-Week High Price / 52-Week Low 50-Day Average Price 200-Day Average Price Price / 50-Day Average Price Price / 200-Day Average Price Relative Strength Index

Price Volatility Sharpe Ratio Sortino Ratio

Dividends Per Share TTM Payout Ratio

Dividend Yield TTM % EBITDA

Free Cash Flow Book Value

Book Value Per Share Gross Margin % EBITDA Margin % Pre-Tax Margin % Net Profit Margin % Return on Equity % Return on Capital % Return on Assets % Price / EPS TTM Price / Sales Price / Book Value Free Cash Flow Yield % Enterprise Value Enterprise Value / Sales Enterprise Value / EBITDA Enterprise Value / EBIT

Enterprise Value / Free Cash Flow Russell 1000 Index

- Cumulative annual growth rate. - Earnings before interest and taxes.

- Earnings before interest, taxes, depreciation & amortization. - Last fiscal year

- Million

- London Stock Exchange

- Weekly Price times latest Shares Outstanding times any applicable ADR factor. - Sum of the last four quarters of Revenues.

- Sum of the last four quarters of Total Revenue divided by Weighted Average Shares Outstanding. - EPS excluding non-recurring, non-operating items, fiscal year aligned TTM value.

- The average of the last 60 daily volume values in thousands of shares. - The high closing price from the last 52 weeks of daily closing prices.

- The low closing price from the last 52 weeks of daily closing prices.

- Latest price divided by the high price from the past 52 weeks of daily closing prices. - Latest price divided by the low price from the past 52 weeks of daily closing prices.

- Mean of last 50 daily closing prices. - Mean of last 200 daily closing prices.

- Latest closing price divided by mean of last 50 daily closing prices, as a percentage. - Latest closing price divided by mean of last 200 daily closing prices, as a percentage.

- Relative Strength Index or RSI measures the magnitude of gains over a given time period against the magnitude of losses over that period. The equation is RSI = 100 - 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods. In this item, 14 days is used and one year of daily prices are considered. A value of 30 or below may imply oversold and 70 or above may imply overbought.

- The standard deviation of the last 20 days of daily closing prices.

- The 5 year average of the excess monthly return over the risk - free rate(1 - month T - bill) over the 5 year standard deviation of the same series.

- The same calculation as the Sharpe Ratio but with positive excess returns set to zero for the standard deviation denominator, so only negative volatility weighs in.

- Sum of the last four quarters of Dividends Per Share. - Dividends Per Share TTM divided by Operating EPS TTM.

- Sum of the last four quarter of Dividends Per Share divided by Weekly Price. - Sum of the last four quarters of EBITDA (Operating Income + Depreciation & Amortization).

- Sum of the last four quarters Net Cash from Operations minus Capital Expenditures (Purchase of Property, Plant & Equipment), from the Cash Flow Statement.

- Total Common Equity last quarter divided by Shares Outstanding last quarter.

- Sum of the last four quarters Gross Profit divided by the sum of the last four quarters Revenues. - Sum of the last four quarters EBITDA divided by the sum of the last four quarters Revenues.

- Sum of the last four quarters of Earnings Before Taxes divided by sum of the last four quarters Revenues. - Sum of the last four quarters of Operating EPS divided by sum of the last four quarters Revenues Per Share. - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Book Value.

- Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Capital Per Share. - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Assets Per Share. - Weekly Price divided by the sum of the last four quarters of Operating EPS (capped at 99.9).

- Weekly Price divided by Revenues Per Share TTM.

- Weekly Price divided by Book Value Per Share last quarter. Book Value Per Share is Total Common Equity last quarter divided by Shares Outstanding last quarter (capped at 49.9).

- Free Cash Flow Per Share TTM divided by Weekly Price.

- Market Value plus Total Debt last year plus Preferred Equity last year minus Cash & Cash Equivalents last year. - Enterprise Value divided by the sum of the last four quarters of Revenue.

- Enterprise Value divided by EBITDA TTM.

- Enterprise Value divided by trailing four quarters of Operating Income.

- Enterprise Value divided by the sum of the last four quarters of Free Cash Flow. - The largest 1,000 stocks by market cap, the index comprehensively covers the US large cap universe. EPS 5-Year Growth Rate % is capped at 999.9%.

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