Philip Morris International to Host Webcast of Presentation at 2024 Deutsche Bank Global Consumer Conference

Rhea-AI Summary

Philip Morris International (PMI) will be hosting a live webcast at the 2024 Deutsche Bank Global Consumer Conference on June 4, 2024, at 8:30 a.m. CET (2:30 a.m. ET).

The session will feature remarks and a Q&A with CFO Emmanuel Babeau. The webcast, including presentation slides, will be available on www.pmi.com/2024deutschebank and through PMI's Investor Relations Mobile App. An archived copy will be accessible until July 5, 2024.

PMI aims to deliver a smoke-free future and has invested over $12.5 billion in smoke-free products since 2008. Their portfolio includes both cigarettes and smoke-free products, with smoke-free products accounting for 37% of their 2023 net revenues. PMI continues to expand into wellness and healthcare sectors through Vectura Fertin Pharma.

Positive

• PMI is actively investing in a smoke-free future, showcasing commitment through a $12.5 billion investment in smoke-free products since 2008.
• Smoke-free products accounted for 37% of PMI’s total net revenues in 2023, indicating a significant shift in their product portfolio.
• PMI's IQOS devices and Swedish Match’s General snus have received Modified Risk Tobacco Product designations from the U.S. FDA.
• PMI's smoke-free products are available in 84 markets, with an estimated 33 million users globally.
• The acquisition of Swedish Match strengthens PMI's position in the oral nicotine market with leading brands like IQOS and ZYN.

Negative

• The webcast and presentation largely focus on PMI’s smoke-free future, potentially overshadowing the performance and challenges of its traditional tobacco products.
• There is information about current financial performance or specific growth projections for 2024.
• The emphasis on smoke-free products, while positive, may not address existing regulatory challenges and market saturation in the tobacco sector.

STAMFORD, Conn.--(BUSINESS WIRE)-- Regulatory News:

Philip Morris International Inc. (PMI) (NYSE: PM) will host a live webcast of the company’s remarks and Q&A session with Emmanuel Babeau, Chief Financial Officer, at the 2024 Deutsche Bank Global Consumer Conference at www.pmi.com/2024deutschebank on Tuesday, June 4, 2024, at approximately 8:30 a.m. CET (2:30 a.m. ET).

The webcast will provide a live stream of the entire PMI session. The webcast may also be accessed on mobile devices by downloading PMI’s free Investor Relations Mobile App at www.pmi.com/irapp.

The presentation slides will be available at www.pmi.com/2024deutschebank. An archived copy of the webcast will be available until 5:00 p.m. ET on Friday, July 5, 2024, at the same site.

Philip Morris International: Delivering a Smoke-Free Future

Philip Morris International (PMI) is a leading international tobacco company, actively delivering 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 over $12.5 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 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 has authorized versions of PMI’s IQOS devices and consumables and Swedish Match’s General snus as Modified Risk Tobacco Products. As of December 31, 2023, PMI's smoke-free products were available for sale in 84 markets, and PMI estimates that approximately 33 million adults around the world use PMI's smoke-free products. Smoke-free business accounted for approximately 37% of PMI’s total full-year 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 business, 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/20240528040777/en/

Philip Morris International

Investor Relations:

Stamford, CT: +1 (203) 904 2410

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

When is PMI hosting the webcast at the 2024 Deutsche Bank Global Consumer Conference?

Philip Morris International is hosting the webcast on June 4, 2024, at 8:30 a.m. CET (2:30 a.m. ET).

Who will be speaking at PMI's webcast during the Deutsche Bank Global Consumer Conference?

Emmanuel Babeau, Chief Financial Officer of PMI, will be speaking at the webcast.

How can I access the PMI webcast at the Deutsche Bank Global Consumer Conference?

The webcast can be accessed at www.pmi.com/2024deutschebank and through PMI’s Investor Relations Mobile App.

Until when will the archived copy of PMI's webcast be available?

The archived copy of the webcast will be available until 5:00 p.m. ET on July 5, 2024.

What percentage of PMI's net revenues in 2023 came from smoke-free products?

Approximately 37% of PMI’s total net revenues in 2023 came from smoke-free products.

How much has PMI invested in smoke-free products since 2008?

Philip Morris International has invested over $12.5 billion in developing, scientifically substantiating, and commercializing smoke-free products since 2008.

What are PMI's leading brands in the smoke-free product segment?

PMI's leading brands in the smoke-free product segment include IQOS and ZYN.

What is PMI's ambition in the wellness and healthcare sectors?

PMI aims to enhance life through seamless health experiences and has expanded into wellness and healthcare areas through its Vectura Fertin Pharma business.