Philip Morris International to Host Webcast of 2023 Third-Quarter and September Year-to-Date Results

Rhea-AI Summary

Philip Morris International Inc. will host a live webcast to discuss its 2023 third-quarter and year-to-date financial results.

Positive

• PMI is working to deliver a smoke-free future and has invested over $10.5 billion in developing smoke-free products.
• PMI's smoke-free products accounted for approximately 35.4% of its total second-quarter 2023 net revenues.
• PMI's IQOS Platform 1 devices and consumables and Swedish Match's General snus have been authorized as Modified Risk Tobacco Products by the FDA.

Negative

• None.

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:

Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast at www.pmi.com/2023Q3earnings on Thursday, October 19, 2023, at 9:00 a.m. ET, to discuss its 2023 third-quarter and September year-to-date financial results, which will be issued at approximately 7:00 a.m. ET the same day.

The webcast will be hosted by Emmanuel Babeau, Chief Financial Officer, and will include discussion of PMI’s financial results and a Q&A session with the investment community and news media. The webcast will be in a listen-only mode.

The webcast may also be accessed on mobile devices by downloading PMI’s Investor Relations App at www.pmi.com/irapp.

An archived recording of the webcast, in addition to the slides and script, will be available at www.pmi.com/2023Q3earnings. The webcast recording will be available until 5:00 p.m. ET on Friday, November 17, 2023.

Philip Morris International: Delivering a Smoke-Free Future

Philip Morris International (PMI) is a leading international tobacco company working to deliver a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company’s current product portfolio primarily consists of cigarettes and smoke-free products. Since 2008, PMI has invested more than USD 10.5 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. In November 2022, PMI acquired Swedish Match – a leader in oral nicotine delivery – creating a global smoke-free champion led by the companies’ IQOS and ZYN brands. The U.S. Food and Drug Administration (FDA) has authorized versions of PMI’s IQOS Platform 1 devices and consumables and Swedish Match’s General snus as Modified Risk Tobacco Products (MRTPs). As of June 30, 2023, PMI's smoke-free products were available for sale in 80 markets, and PMI estimates that approximately 19.4 million adults around the world had already switched to IQOS and stopped smoking. Smoke-free products accounted for approximately 35.4% of PMI’s total second-quarter 2023 net revenues. With a strong foundation and significant expertise in life sciences, PMI announced in February 2021 its ambition to expand into wellness and healthcare areas and, through its Vectura Fertin Pharma subsidiary, aims to enhance life through the delivery of seamless health experiences. For more information, please visit www.pmi.com and www.pmiscience.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20231012900912/en/

Investor Relations:

Stamford, CT: +1 (203) 905 2413

Lausanne: +41 (0)58 242 4666

Email: InvestorRelations@pmi.com

Media: David Fraser

Lausanne: +41 (0)58 242 4500

Email: David.Fraser@pmi.com

Source: Philip Morris International

FAQ

What is the purpose of the webcast?

The webcast is to discuss PMI's 2023 third-quarter and year-to-date financial results.

What is PMI's goal regarding cigarettes?

PMI aims to completely end the sale of cigarettes by investing in smoke-free products.

How much has PMI invested in smoke-free products?

PMI has invested over $10.5 billion in developing smoke-free products.

What percentage of PMI's net revenues do smoke-free products account for?

Smoke-free products accounted for approximately 35.4% of PMI's total second-quarter 2023 net revenues.

Which products have been authorized as Modified Risk Tobacco Products by the FDA?

PMI's IQOS Platform 1 devices and consumables and Swedish Match's General snus have been authorized as Modified Risk Tobacco Products by the FDA.