Philip Morris International Inc · NYSE:PM
Philip Morris International — Investor Day (September 2018)
12 slides from Philip Morris International's investor day presentation, Sep 27, 2018
Slide 1: Investor Day: Glossary of Key Terms and Definitions
Investor Day Lausanne, September 27, 2018 Glossary of Key Terms and Definitions
Slide 2: Glossary: General Terms
Glossary: General Terms • "PMI" refers to 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: General Terms (cont.)
Glossary: General Terms (cont.) • "CC" stands for conventional cigarette • "The GCC" (Gulf Cooperation Council) is defined as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) • "Illicit trade" refers to domestic non-tax paid products • "Illicit whites" are branded cigare
Slide 4: Glossary: Financial Terms
Glossary: Financial Terms • "COGS" stands for cost of goods sold • "Cost of sales" consists principally of: tobacco leaf, non-tobacco raw materials, labor and manufacturing costs; shipping and handling costs; and the cost of IQOS devices produced by third-party electronics manufacturing service prov
Slide 5: Glossary: Financial Terms (cont.)
Glossary: Financial Terms (cont.) • PMI adopted Accounting Standard Update ASU 2017-07 "Compensation - Retirement Benefits" as of January 1, 2018 on a retrospective basis. Previously, total pension and other employee benefit costs were included in operating income. Beginning January 1, 2018, only th
Slide 6: Glossary: Reduced-Risk Products
Glossary: Reduced-Risk Products • "Reduced-risk products," or "RRPs," is the term PMI uses to refer to products that present, are likely to present, or have the potential to present less risk of harm to smokers who switch to these products versus continued smoking. PMI has a range of RRPs in various
Slide 7: Glossary: Reduced-Risk Products (cont.)
Glossary: Reduced-Risk Products (cont.) • National market share for heated tobacco units is defined as the total sales volume for heated tobacco units as a percentage of the total estimated sales volume for cigarettes and heated tobacco units • An "e-vapor product" is an electrical product that gene
Slide 8: Glossary: Reduced-Risk Products (cont.)
Glossary: Reduced-Risk Products (cont.) • "Situational IQOS Users" means the estimated number of Legal Age (minimum 18-year-old) IQOS users that used HeatSticks /HEETS heated tobacco units for between 5% and less than 70% of their daily tobacco consumption over the past seven days • "Abandoned IQOS
Slide 9: Glossary: Reduced-Risk Products (cont.)
Glossary: Reduced-Risk Products (cont.) • "Clinical risk markers" represents a measurable biochemical, physiological, behavioral, or other alteration within an organism that, depending upon the magnitude, can be recognized as associated with an established or possible health impairment or disease •
Slide 10: New Geographic Segmentation: European Union, Eastern Europe
PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries New Geographic Segmentation (effective January 1, 2018) European Union Eastern Europe • Andorra • Italy • Albania • Tajikistan • Austria • Luxembourg • Armenia • Turkmenistan • Baltic States • Netherlands • Belarus • Ukraine • Belgium • Norway • Bosn
Slide 11: New Geographic Segmentation: Middle East & Africa, South & Southeast Asia
PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries New Geographic Segmentation (effective January 1, 2018) Middle East & Africa South & Southeast Asia • Algeria • Saudi Arabia • Afghanistan • Bahrain • Southern Africa(c) • Bangladesh • Central Africa(a) • Tunisia • Cambodia • Duty Free • Turkey • Eas
Slide 12: New Geographic Segmentation: East Asia & Australia, Latin America & Canada
PHILIP MORRIS INTERNATIONAL INC. and Subsidiaries New Geographic Segmentation (effective January 1, 2018) East Asia & Australia Latin America & Canada • Australia • Argentina • Panama • Hong Kong • Bolivia • Paraguay • Japan • Brazil • Peru • Macau • Canada • Uruguay • Malaysia • Caribbean(b) • Vene
Philip Morris International — Investor Day (September 2018) on 6ix