Philip Morris International Inc · NYSE:PM
Philip Morris International — Investor Presentation (December 2024)
17 slides from Philip Morris International's investor presentation, Dec 13, 2024
Slide 1: Corporate Analyst Briefing Session
CORPORATE ANALYST BRIEFING SESSION th 13 December’ 2024 Disclaimer: Only for briefing purposes
Slide 2: Agenda
AGENDA About PMPKL Economic Environment Industry Overview Financial Performance 9M’ 2024 Sustainability Q&A Figures may not foot due to rounding
Slide 3: About PMPKL
About PMPKL Upstream Direct Operations Downstream 8000 Green Leaf Threshing Plant Cigarette Production Factory Head Office Distribution Network Contracted Farmers Mardan Sahiwal 15 Sales Offices Figures may not foot due to rounding
Slide 4: Our Portfolio
Our Portfolio Nicotine Pouches THIS PRODUCT IS NOT RISK FREE AND CONTAINS NICOTINE, WHICH IS ADDICTIVE. ONLY FOR USE BY ADULTS Heat not burn THIS PRODUCT IS NOT RISK FREE. ONLY FOR USE BY ADULTS THIS PRODUCT IS NOT RISK FREE AND CONTAINS NICOTINE, WHICH IS ADDICTIVE Figures may not foot due to round
Slide 5: Agenda
AGENDA About PMPKL Economic Environment Industry Overview Financial Performance 9M’ 2024 Sustainability Q&A Figures may not foot due to rounding
Slide 6: Economic Environment
Economic Environment IMF Update Other Updates o Pakistan stock exchange rose to 110k in Dec’24 representing increase of ~+70% vs 65k $7 bio (37-month Extended Fund Facility Arrangement) approved by in Dec’23 IMF on 25th Sep o PKR has remained stable against USD IMF, while commending Pakistan’s effor
Slide 7: Agenda
AGENDA About PMPKL Economic Environment Industry Overview Financial Performance 9M’ 2024 Sustainability Q&A Figures may not foot due to rounding
Slide 8: Industry Overview
Industry Overview • A major issue is the rise of Non-Tax paid cigarette brands. This undermines legitimate businesses and results in substantial revenue losses for the government. • The tobacco industry in Pakistan suffers heavily due to the rampant sale of non-tax paid cigarettes, which now account
Slide 9: Excise Evolution
Excise Evolution Cigarettes – Excise per pack Tier 1 - Premium Tier 2 - Value May’22 104 33 June’22 118 37 Aug’22 130 41 Feb’23 330 101 Feb’23 vs ~+150% ~+146% Aug’22 Minimum Price/Pack 162.25 (Including Sales Tax) Source: Federal Excise Act Figures may not foot due to rounding
Slide 10: Agenda
AGENDA About PMPKL Economic Environment Industry Overview Financial Performance 9M’ 2024 Sustainability Q&A Figures may not foot due to rounding
Slide 11: Financial Performance 9M 2024 vs SPLY
Financial Profit Performance & Loss - 9 months Review- 9 months ended ended September September 2024 2024 (vs.(SPLY ) ) vs. SPLY Net Turnover (Bio) Gross Profit (Bio) Operating Profit (Bio) 20.5 2.4 1.4 50% 55% 20% Profit After Tax (Mio) Earning Per Share (Rs) 421.7 6.8 36% 36% Source: Published Fin
Slide 12: Our Cigarettes Volume Evolution 2023-2024
Our Cigarettes Volume Evolution 2023-2024 Vol (in bio) YTD June: 2.8 YTD Sept: 4.5 FY Vol: 6.1 YTD June: 3.2 YTD Sept: 4.7 -50% vs PY -44% vs PY -40% vs PY +14% vs PY +5% vs PY 1.8 1.8 1.7 1.7 1.6 1.6 PMPK 1.5 1.5 1.4 1.4 1.7 1.7 1.7 1.3 1.6 1.3 1.2 Feb’23 Excise Shock 1.2 1.5 1.5 1.1 1.1 1.2 1.0 1.
Slide 13: Agenda
AGENDA About PMPKL Economic Environment Industry Overview Financial Performance 9M’ 2024 Sustainability Q&A Figures may not foot due to rounding
Slide 14: Transforming For a Sustainable Future
Transforming For a Sustainable Future ZERO DEFORESTATION MANIFESTO GREEN ENERGY GENERATION In 2024, 100% of the tobacco cured with biomass by PMPKL was sustainable PMPKL has undertaken multiple projects in the past 4 years to improve and 100% of the fuelwood utilized by contracted farmers complied w
Slide 15: Agenda: Sustainability at PMPKL
AGENDA About PMPKL Economic Environment Industry Overview Financial Performance 9M’ 2024 Sustainability at PMPKL Q&A Figures may not foot due to rounding
Slide 16: Figures may not foot due to rounding
Figures may not foot due to rounding
Slide 17: Thank You
Thank You Figures may not foot due to rounding
Philip Morris (Pakistan) — Investor Presentation (December 2024) on 6ix