Universal : Fiscal Year 2022 Investor Presentation

Investor Presentation

Fiscal Year 2022

As of August 4, 2021

Forward Looking Information

This presentation includes "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The Company cautions readers that any statements contained herein regarding financial condition, results of operation, and future business plans, operations, opportunities, and prospects for its performance are forward‐ looking statements based upon management's current knowledge and assumptions about future events, and involve risks and uncertainties that could cause actual results, performance, or achievements to be materially different from any anticipated results, prospects, performance, or achievements expressed or implied by such forward‐looking statements. Such risks and uncertainties include, but are not limited to, impacts of the ongoing COVID‐19 pandemic; success in pursuing strategic investments or acquisitions and integration of new businesses and the impact of these new businesses on future results; product purchased not meeting quality and quantity requirements; reliance on a few large customers; its ability to maintain effective information technology systems and safeguard confidential information; anticipated levels of demand for and supply of its products and services; costs incurred in providing these products and services; timing of shipments to customers; changes in market structure; government regulation and other stakeholder expectations; product taxation; industry consolidation and evolution; changes in exchange rates and interest rates; impacts of regulation and litigation on its customers; industry‐specific risks related to its plant‐based ingredient businesses; exposure to certain regulatory and financial risks related to climate change; changes in estimates and assumptions underlying its critical accounting policies; the promulgation and adoption of new accounting standards, new government regulations and interpretation of existing standards and regulations; and general economic, political, market, and weather conditions. Actual results, therefore, could vary from those expected. A further list and description of these risks, uncertainties, and other factors can be found in the Company's Annual Report on Form 10‐K for the fiscal year ended March 31, 2021, and in other documents the Company files with the Securities and Exchange Commission. This information should be read in conjunction with the Annual Report on Form 10‐K for the year ended March 31, 2021 and the Form 10‐Q for the most recently ended fiscal quarter. The Company cautions investors not to place undue reliance on any forward‐looking statements as these statements speak only as of the date when made, and it undertakes no obligation to update any forward‐looking statements made.

Web Disclosure

Universal Corporation's website, www.universalcorp.com, is the primary source of publicly disclosed news about Universal Corporation and its operating companies. Those wishing to stay on top of company news can sign up for email alerts by going to Investor Relations in the website's Investor section.

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Table of Contents

Investment highlights

4

Focus on creating shareholder value

7

Financial Overview

16

Tobacco Operations

26

Ingredients Operations

47

Appendix

55

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Investment Highlights

Universal Corporation At‐A‐Glance

Agri‐Products Supplier	Leading Global Leaf Tobacco Supplier
Founded	1918
Annual Revenue*	$2.0 B
Market Cap**	$1.4 B
Dividend yield**	5.48%
Dividend track record	51 years of consecutive annual common stock
dividend increases
Countries	>30

• As of 3/31/2021
• As of 6/30/2021

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