Philip Morris Cr As · PSECZ:TABAK
Philip Morris Cr As — Shareholder Meeting (May 2026)
27 slides from Philip Morris Cr As's shareholder meeting presentation, May 29, 2026
Slide 1: Annual General Meeting of Shareholders
Kutna Hora, May 29th, 2026 Annual General Meeting of Shareholders Philip Morris ČR a.s. Fabio Costa Chairman of the Board of Directors
Slide 2: Business Performance, Sustainability Highlights, Consolidated Financial Results
01 02 03 Business Sustainability Consolidated Performance Highlights Financial Results
Slide 3: Leading through challenges, building for resilience
Leading through challenges, building for resilience • Consolidated revenues up by 0.4% (1.1% excl. currency) to CZK 21.7 billion • Profit from operations down by 7.1% (-5.0% excl. currency) to CZK 3.7 billion • Consolidated net income down by 9.2% (-6.7% excl. currency) to CZK 3.0 billion • Producti
Slide 4: Business Performance
01 02 03 Business Sustainability Consolidated Performance Highlights Financial Results
Slide 5: Market Share
Market Share 2025 24.7% 14.8% Cigarettes Heat-not-Burn Consumables 39.5% 2024 25.8% (25.2% reported in 2024) 14.8% (14.4% reported in 2024) Cigarettes Heat-not-Burn Consumables 40.6% (39.6 % reported in 2024) 2025 34.1% 16.0% Heat-not-Burn Consumables Cigarettes 50.1% 2024 36.0% 16.6% Heat-not-Burn
Slide 6: Shipments (billion units)
Shipments (billion units) 5.8bn 3.43bn Cigarettes 2025 2.35bn Smoke-free Products 6.1bn 3.8bn Cigarettes 2024 2.3bn Smoke-free Products 2025 2.3bn 1.2bn Cigarettes Smoke-free Products 3.5bn 2024 2.5bn 1.2bn Smoke-free Products Cigarettes 3.7bn Cigarettes in the Czech Republic include cigarettes and
Slide 7: Fiscal Outlook
Fiscal Outlook Cigarettes (CZK/‘000) Heat-not-Burn Cigarettes (€/‘000 sticks) Heat-not-Burn Minimum Excise Tax (CZK/kg of tobacco) Minimum Excise Tax (€/kg of tobacco)* 2023 2023 187.8 2023 3,520 2023 132.1 3,000 2024 2024 2024 148.0 2024 211.3 4,220 3,450 2025 2025 148.0 2025 211.3 4,440 2025 3,970
Slide 8: Kutná Hora Production (billion units)
Kutná Hora Production (billion units) 2025 32.6bn Cigarettes 3.4bn Other tobacco products 35.9bn 5.9% 4.1% Export Czechia 2025 2024 2023 2022 2021 Slovakia 35.9bn 37.7bn 38.8bn 36.7bn 32.7bn 89.9% Other tobacco products include products such as rolling tobacco (0.73 g is the equivalent of one cigare
Slide 9: Kutná Hora on the Smoke-Free Journey
Kutná Hora on the Smoke-Free Journey First Investment Project Investment First line Installation Training production announced preparation definition qualification release Employee Announcement training has Verification Scope, of investment in Machine commenced, of compliance Investment of Definitio
Slide 10: Performance of Individual Cigarette Brands
Performance of Individual Cigarette Brands Market share development of individual brands in 2025 Continued growth due to Marlboro 11,2% Crafted’s success & resilient Core 10,2% Medium priced L&M stable, strengthened 8,0% 7,7% by portfolio expansion 7,3% Erosion of Chesterfield due to morph to 5,9% M
Slide 11: Performance of Individual Cigarette Brands
Performance of Individual Cigarette Brands Market share development of individual brands in 2025 Market leader for more than 10 years 23,5% 23,2% 13,0% Premium segment leading brand 12,8% with stable performance Petra, local brand 40 years on the 4,3% market with resistant performance 4,2% 0,4% 0,3%
Slide 12: Key Cigarettes Portfolio Initiatives
Key Cigarettes Portfolio Initiatives New “super-low” A new and Two L&M segment variants improved design LOFT 38 under L&M Loft S- of all L&M variants, Line SSL introduced cigarette The new expanding to target mainly variants was Marlboro the female adult introduced in the Crafted successful Integrat
Slide 13: Smoke-free Product Portfolio
Smoke-free Product Portfolio VEEV inPRIME VEEV ONE lil SOLID EZ IQOS ILUMA i PRIME VEEV NOW IQOS ILUMA i ZYN ULTRA IQOS ILUMA i ONE 13 © Phillip Morris ČR a.s., 2026
Slide 14: News in Smoke-Free Product Portfolio
News in Smoke-Free Product Portfolio HEETS heat- The not-burn LEVIA cooperation New line of LEVIA VEEV One Summer with Mirage as DELIA consumables ZYN non- Perspectives Pearl and the exclusive tobacco delisted from nicotine tobacco limited LEVIA distributor of consumables the Czech pouches consuma-
Slide 15: Sustainability Highlights
01 02 03 Business Sustainability Consolidated Performance Highlights Financial Results
Slide 16: Sustainability in PMI: New Era
Sustainability in PMI: New Era PMI United Global Compact Communication Progress 2015 PMI’s first SMA PMI Sustainability Index PMI Global SMA (CSRD based) PMI VALUE PLAN PMI’s 2025 PMI’s 2025 Roadmap Roadmap Completion 2030+ PMI Sustainability Report PMI Integrated Report PMI Value Report (GRI based)
Slide 17: Sustainability: Key Highlights
Sustainability: Key Highlights PMI ROADMAP PMI VALUE PLAN SUSTAINABILITY at 2025 Completion 2030+ Creation PMČR 2025 Achievements evaluation: New strategy and targets with • CSRD based Sustainability evolved framework created for Statement issued – second • 36 out of 39 targets next 5+ years, based
Slide 18: Sustainability: Performance
Sustainability: Performance ENVIRONMENTAL SOCIAL GOVERNANCE Climate Change Own Workforce Company’s Bodies 100% Green Energy at 84% Collective bargaining agreement 29.4% Gender diversity within manufacturing coverage (combined CZ/SK) (2024: Administrative & Supervisory 84%) Bodies (combined CZ/SK) (2
Slide 19: Consolidated Financial Results
01 02 03 Business Sustainability Consolidated Performance Highlights Financial Results
Slide 20: Net Revenues
Net Revenues Change in % (CZK million) 2024 2025 Change Actual Excluding currency Net Revenues 21,608 21,685 77 0.4% 1.1% 21,608 454 (107) (66) (46) 21,685 (158) 2024 Currency Czech Republic Slovakia Manuf. Services Other 2025 PVM* PVM* PVM* *PVM – Price, Volume and Mix variance Source: Philip Morri
Slide 21: Net Income
Net Income Change in % (CZK million) 2024 2025 Change Actual Excluding currency Net Revenues 21,608 21,685 77 0.4% 1.1% Operating income 4,003 3,720 (283) (7.1)% (5.0)% Net income 3,345 3,036 (309) (9.2)% (6.7)% 3,345 (84) 90 (113) (176) (26) 3,036 2024 Currency CZ & SK Manuf. Services Costs / Other
Slide 22: Assets & Liabilities
Assets & Liabilities ASSETS DEC DEC LIABILITIES & EQUITY DEC DEC (CZK million) 2025 2024 Change (CZK million) 2025 2024 Change Cash & Equivalents 240 139 101 Trade and other financial liabilities 3,795 3,284 511 Receivables – cash pool 9,141 9,088 53 Excise tax liability 3,670 3,649 21 Receivables –
Slide 23: Cash & Cash Equivalents
Cash & Cash Equivalents (CZK million) Dec 2024 Dec 2025 Change Change in % Cash & Cash Equivalents* 139 108 -31 (22.3)% Cash Pooling 9,088 9,141 53 0.6% Total 9,227 9,249 22 0.2% 3,934 (1,004) (3,343) 9,227 272 163 9,249 Cash at Profit Income tax Dividends Changes in Cash at Other Dec‘24 before tax
Slide 24: Business Model
Business Model Producer Toll Manufacturer Philip Morris Philip Morris ČR a.s. Stable remuneration for all MANUFACTURING manufactured products Products S.A. Kutná Hora factory Producer Entrepreneur COMMERCIALIZATION Philip Morris Philip Morris ČR a.s. Higher profit, but Combustible products Products
Slide 25: Important Reported Risk Factor
Important Reported Risk Factor Our profitability, and consequently, the amount of our dividend payout reflects our dual role of being a full risk entrepreneur of combustible portfolio products and a limited risk distributor for smoke-free products. Our remuneration for commercialization of smoke-fre
Slide 26: Net earnings & EPS
Net earnings & EPS Consolidated Earnings per Share (in CZK) 2025 2024 2023 2022 2021 Current Year 1,106 1,218 1,218 1,324 1,281 Prior Years Retained 16 16 14 0 29 Total Retained Earning per Share 1,122 1,234 1,232 1,324 1,310 Dividend Proposed / Paid 1,100 1,220 1,220 1,310 1,310 © Phillip Morris ČR
Slide 27: Thank you
Thank you
Philip Morris ČR a.s. — Shareholder Meeting (May 2026) on 6ix