tobacco international columbus oh — University District Organization Tobacco International, 18 E 13th

3-5% Revenue growth over the medium-term 5-8% Adjusted diluted EPS * growth (on a constant currency basis) over the medium-term 2.0-2.5x Deleveraging the balance sheet into our 2.0-2.5x adjusted net debt to adjusted EBITDA * target range 65% A progressive dividend being a 65% dividend payout ratio over the long-term We believe the greatest contribution we can make to society is Building a Smokeless World and reducing the health impact of our business *

A few highlights: Nicotine, which is highly addictive, is found in many ENDS, but not all ENDS contain nicotine

However, nicotine is also part of what causes a persons teeth to become yellow, and many people vape using e-liquids that contain nicotine

They did a beautiful job of them

Quitting and Reduced Risks Quitting smoking reduces cardiovascular risks