Philip Morris International Inc · NYSE:PM
Philip Morris International — Investor Day (June 2014)
10 slides from Philip Morris International's investor day presentation, Jun 26, 2014
Slide 1: Investor Day Glossary of Terms, Lausanne, June 26/27, 2014
Investor Day Lausanne, June 26/27, 2014 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 ● Adjusted OCI is defined as reported OCI adjusted for asset impairment, exit and other costs ● Adjusted OCI margins are calculated as adjusted OCI, divided by net revenues ● CAPEX stands for Capital Expenditures ● COGS refers to Cost of Goods Sold ● EBITDA stands for Earni
Slide 4: Glossary: Industry/Market Terms
Glossary: Industry/Market Terms ● CIS stands for Commonwealth of Independent States and includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan ● Direct Materials include printed board and paper (used to manufacture packs, cartons and bund
Slide 5: Glossary: Industry/Market Terms
Glossary: Industry/Market Terms ● Fine cut is converted to cigarette equivalent on the basis of 0.60g per unit for MYO volume tobacco and RYO, and 0.73g per unit for MYO ● GDP stands for Gross Domestic Product ● GCC stands for to the Gulf Cooperation Council and includes Bahrain, Kuwait, Oman, Qatar
Slide 6: Glossary: Industry/Market Terms
Glossary: Industry/Market Terms ● MRSP stands for Maximum Retail Selling Price ● MYO stands for Make Your Own ● North Africa includes Algeria, Egypt, Libya, Morocco and Tunisia ● OECD stands for Organisation for Economic Co-operation and Development ● OTP stands for Other Tobacco Products, including
Slide 7: Glossary: Industry/Market Terms
Glossary: Industry/Market Terms ● "Whites" stands for non-kretek cigarettes ● WHO stands for the World Health Organization ● WTO stands for the World Trade Organization 7
Slide 8: Glossary: Reduced-Risk Products and E-Vapor Products
Glossary: Reduced-Risk Products and E-Vapor Products ● 3R4F reference cigarette is a standardized combustible cigarette supplied by the University of Kentucky for research purposes only ● An ambulatory study is a study carried out under real world (actual use) conditions as opposed to a confined set
Slide 9: Glossary: Reduced-Risk Products and E-Vapor Products
Glossary: Reduced-Risk Products and E-Vapor Products ● iQOS is the new brand name under which PMI has chosen to commercialize the Platform 1 electronic system ● LOQ stands for Limit of Quantification ● MRTP stands for Modified Risk Tobacco Product, the term used by the US FDA to refer to RRPs ● NCP
Slide 10: Glossary: PMI Peer Groups
Glossary: PMI Peer Groups Compensation Survey Group Tobacco Peer Group - BAT - Altria - Bayer - BAT - Coca-Cola - Imperial Tobacco - Diageo - Japan Tobacco - GlaxoSmithKline - Lorillard - Heineken - Reynolds American - Imperial Tobacco - Johnson & Johnson - Kraft(a) - McDonald’s - Mondelēz Internati
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