Philip Morris International to Present at 2025 CAGNY Conference

Rhea-AI Summary

Philip Morris International (NYSE: PM) has announced its participation in the 2025 CAGNY Conference, where CEO Jacek Olczak and CFO Emmanuel Babeau will present on February 19, 2025. The presentation will be accessible via live audio webcast at 1:00 p.m. ET.

The company highlights its transformation towards a smoke-free future, having invested over $14 billion since 2008 in developing and commercializing smoke-free products. As of December 31, 2024, these products were available in 95 markets, with an estimated 38.6 million adult users worldwide. The smoke-free business generated approximately 39% of PMI's total full-year 2024 net revenues.

Following its acquisition of Swedish Match, PMI has strengthened its position in the smoke-free segment with brands like IQOS and ZYN. The company has received FDA authorization for marketing Swedish Match's General snus and ZYN nicotine pouches, as well as versions of IQOS devices and consumables.

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

Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast of a presentation by Jacek Olczak, Chief Executive Officer, and Emmanuel Babeau, Chief Financial Officer, at the Consumer Analyst Group of New York (CAGNY) Conference on Wednesday, February 19, 2025, at 1:00 p.m. ET.

The live webcast and presentation slides will be available at www.pmi.com/2025CAGNY. The webcast replay will be available at the same link until Friday, March 21, 2025.

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

Philip Morris International: Delivering a Smoke-Free Future

Philip Morris International 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 $14 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. Following a robust science-based review, the U.S. Food and Drug Administration has authorized the marketing of Swedish Match’s General snus and ZYN nicotine pouches and versions of PMI’s IQOS devices and consumables - the first-ever such authorizations in their respective categories. Versions of IQOS devices and consumables and General snus also obtained the first-ever Modified Risk Tobacco Product authorizations from the FDA. As of December 31, 2024, PMI's smoke-free products were available for sale in 95 markets, and PMI estimates that 38.6 million adults around the world use PMI's smoke-free products. The smoke-free business accounted for approximately 39% of PMI’s total full-year 2024 net revenues. With a strong foundation and significant expertise in life sciences, PMI has a long-term ambition to expand into wellness and healthcare areas and aims to enhance life through the delivery of seamless health experiences. References to “PMI”, “we”, “our” and “us” mean Philip Morris International Inc., and its subsidiaries. For more information, please visit www.pmi.com and www.pmiscience.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250212070362/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 and where will Philip Morris International present at the 2025 CAGNY Conference?

Philip Morris International will present at the CAGNY Conference on Wednesday, February 19, 2025, at 1:00 p.m. ET via live audio webcast.

What percentage of PM's 2024 revenue came from smoke-free products?

Smoke-free products accounted for approximately 39% of Philip Morris International's total full-year 2024 net revenues.

How many markets were PM's smoke-free products available in by the end of 2024?

As of December 31, 2024, PMI's smoke-free products were available for sale in 95 markets.

How much has PM invested in smoke-free product development since 2008?

PMI has invested over $14 billion since 2008 to develop, scientifically substantiate and commercialize innovative smoke-free products.

How many adults globally use PM's smoke-free products as of 2024?

PMI estimates that 38.6 million adults around the world use their smoke-free products as of December 31, 2024.

Which PM smoke-free products have received FDA authorization?

The FDA has authorized the marketing of Swedish Match's General snus and ZYN nicotine pouches, as well as versions of PMI's IQOS devices and consumables.