Philip Morris International Inc.: Philip Morris International Inc. (PMI)
Presents at the Consumer Analyst Group of New York (CAGNY) Conference
UK Regulatory Announcement
Philip Morris International Inc.’s (NYSE / Paris Euronext: PM) Chief Financial
Officer, Jacek Olczak, addresses investors today at the CAGNY Conference in
Boca Raton, Florida.
The presentation and Q&A session are being webcast live, in a listen-only
mode, beginning at approximately 9:15 a.m. ET, at www.pmi.com. An archived
copy of the webcast, together with presentation remarks and slides, will be
available on the same site.
In addition to reviewing the company’s solid 2012 performance and key market
dynamics, the presentation also focuses on:
*Why PMI believes that the tobacco industry remains an attractive
*The strategies that the company believes will enable it to outperform the
*The company’s incremental growth opportunities
PMI also reaffirms its guidance, announced on February 7, for 2013 full-year
reported diluted earnings per share to be in a range of $5.68 to $5.78, at
exchange rates prevailing at that time, versus $5.17 in 2012. Excluding an
unfavorable currency impact of approximately $0.06, the reported diluted
earnings per share range represents a projected increase of 10% to 12% versus
adjusted diluted earnings per share of $5.22 in 2012. Currency volatility
remains a risk going forward.
Adjusted diluted earnings per share of $5.22 in 2012 are calculated as
reported diluted earnings per share of $5.17, plus a $0.02 per share charge
related to discrete tax items, and a $0.03 per share charge related to asset
impairment and exit costs.
This guidance excludes the impact of potential future acquisitions,
unanticipated asset impairment and exit cost charges, and any unusual events.
The presentation, related discussion and this release contain statements that,
to the extent they do not relate strictly to historical or current facts,
constitute "forward-looking statements" within the meaning of the Safe Harbor
Provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on current plans, estimates and
expectations, and are not guarantees of future performance. They are based on
management's expectations that involve a number of business risks and
uncertainties, any of which could cause actual results to differ materially
from those expressed in or implied by the forward-looking statements.
The risks and uncertainties relating to the forward-looking statements in the
presentation, related discussion and this release include those described
under Item 1A. “Risk Factors” in PMI’s Form 10-Q for the quarter ended
September 30, 2012, filed with the Securities and Exchange Commission. PMI
does not undertake to publicly update or revise any forward-looking
statements, except in the normal course of its public disclosure obligations.
About Philip Morris International Inc.
Philip Morris International Inc. (PMI) is the leading international tobacco
company, with seven of the world’s top 15 international brands, including
Marlboro, the number one cigarette brand worldwide. PMI’s products are sold in
more than 180 markets. In 2012, the company held an estimated 16.3% share of
the total international cigarette market outside of the U.S., or 28.8%
excluding the People’s Republic of China and the U.S. For more information,
Philip Morris International Inc.
New York: +1 (917) 663 2233
Lausanne: +41 (0)58 242 4500
Lausanne: +41 (0)58 242 4666
Philip Morris International Inc.
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