Philip Morris International Inc · NYSE:PM
Philip Morris International — Investor Day (September 2016)
11 slides from Philip Morris International's investor day presentation, Sep 29, 2016
Slide 1: Investor Day Glossary of Terms
Investor Day Lausanne, September 29/30, 2016 Glossary of Terms
Slide 2: Glossary: General Terms
Glossary: General Terms ● PMI stands for Philip Morris International Inc. and its subsidiaries ● Until March 28, 2008, PMI was a wholly owned subsidiary of Altria Group, Inc. ("Altria"). Since that time the company has been independent and is listed on the New York Stock Exchange (ticker symbol "PM"
Slide 3: Glossary: Financial Terms
Glossary: Financial Terms ● COGS refers to Cost of Goods Sold ● Net revenues exclude excise taxes ● G&A is General & Administrative ● Operating Companies Income, or "OCI", is defined as operating income, excluding general corporate expenses and the amortization of intangibles, plus equity (income) o
Slide 4: Glossary: Industry / Market Terms
Glossary: Industry / Market Terms ● B2C stands for Business-to-Consumer ● Direct Materials include printed board and paper (used to manufacture packs, cartons and bundles), acetate tow (the key component of cigarette filters), fine papers (used to manufacture cigarette and filter rods), flexibles (m
Slide 5: Glossary: Industry / Market Terms
Glossary: Industry / Market Terms ● FF stands for full flavor ● FDA stands for the U.S. Food and Drug Administration ● Fine cut includes Make Your Own (MYO), MYO Volume Tobacco and Roll Your Own (RYO) ● Fine cut is converted to cigarette equivalent on the basis of 0.60g per unit for MYO Volume Tobac
Slide 6: Glossary: Industry / Market Terms
Glossary: Industry / Market Terms ● Middle East: Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, the Palestine Authority Area ("PAA"), Qatar, Saudi Arabia, Syria, the United Arab Emirates ("UAE") and Yemen ● MYO stands for Make Your Own ● MYO Volume Tobacco, a sub category of MYO tobacco
Slide 7: Glossary: Industry / Market Terms
Glossary: Industry / Market Terms ● TPD stands for the EU Tobacco Products Directive ● The European Commission published a proposed revision to the TPD1 on December 19, 2012, the revised Tobacco Products Directive (2014/40/EU) (hereafter referred to as "TPD2", which came into force as of May 2016) ●
Slide 8: Glossary: Reduced-Risk Products
Glossary: Reduced-Risk Products ● 3R4F is a reference cigarette for laboratory testing provided by the University of Kentucky. It is used for non-clinical investigations by tobacco manufacturers, contract and government laboratories, and academic institutions ● Ad libitum clinical studies: free to i
Slide 9: Glossary: Reduced-Risk Products
Glossary: Reduced-Risk Products ● An e-vapor product is an electrical product that generates an aerosol by heating a nicotine or non-nicotine containing liquid, such as electronic cigarettes (or "e-cigarettes") ● HeatSticks and Heets tobacco sticks are novel patented tobacco products specifically de
Slide 10: Glossary: Reduced-Risk Products
Glossary: Reduced-Risk Products ● MRTP stands for Modified Risk Tobacco Product, the term used by the US FDA to refer to RRPs ● MRTPA application refers for the Modified Risk Tobacco Product Application under section 911 of the FD&C Act ● PBA stands for Perception and Behavior Assessment ● P1, P2, P
Slide 11: PMI Company Peer Group and International Tobacco Competitors
PMI Company Peer Group and International Tobacco Competitors PMI International Company Peer Group Tobacco Competitors ● Altria ● Kimberly-Clark ● BAT ● Anheuser-Busch InBev ● Kraft-Heinz ● Imperial Brands(a) ● BAT ● McDonald's ● Japan Tobacco ● Coca-Cola ● Mondelēz International ● Colgate-Palmolive
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