Altria's Second-Quarter and First-Half 2025 Earnings Conference Call July 30, 2025 1 | ALCS | Q2 2025 | 7.30.25 | For Investor Purposes ONLY Safe Harbor Statement Statements, including earnings guidance, in this presentation that are not reported financial results or other historical information are "forward-looking statements" within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans, estimates and expectations, and are not guarantees ...

Oral Tobacco & on! - Oral tobacco industry volume grew by 1.5% [12] - on! shipment volume increased by 18.0% to 39.3 million cans in Q1 2025 [12] - on! share of the oral tobacco category reached 8.8% in Q1 2025, a 1.8 percentage point increase [15] - on! brand impressions grew approximately 5x, reaching ~200 million in Q1 2025 [19] E-Vapor - Disposable e-vapor products continue to drive category growth, with past 30-day usage increasing from ~18.0 million to ~20.5 million [22] - The company is advocating for regulatory reforms and engaging with Congress to address illicit e-vapor products [28] - NJOY U S International Trade Commission (ITC)'s exclusion order and cease-and-desist orders took effect on March 31 [31] Financial Performance - Smokeable Products Segment Adjusted OCI increased by 2.7% to $2518 million in Q1 2025 [37] - Smokeable Products Segment Adjusted OCI Margins increased by 4.2 percentage points to 64.4% in Q1 2025 [37] - The company paid $1.7 billion in dividends in the first quarter [67] - The company repurchased 5.7 million shares for $326 million [69]