Philip Morris International Inc · NYSE:PM
Philip Morris International — Philip Morris Pakistan — Corporate Update (December 2023)
12 slides from Philip Morris International's corporate update, Dec 14, 2023
Slide 1: Corporate Analyst Briefing Session
Privileged & Confidential CORPORATE ANALYST BRIEFING SESSION NL Y O th December 14 , 2023 SE U L AN RE TN I All references to Consumers, Smokers, Respondents, Adult Smokers, LA Smokers and Legal Age Smokers or any other construction of words which mean the same shall refer to smokers who are over th
Slide 2: Agenda
AGENDA CORPORATE ANALYST BRIEFING SESSION Economic Environment Excise & Price changes Financial Performance 9M’ 2022 Sustainability at PMPKL Figures may not foot due to rounding
Slide 3: Operating Environment
Operating Environment IMF Bailout Stock Market All Time High 31% growth on stock exchange in the last 2 months despite no IMF & govt reach SLA on first SBA review, $710 mio tranche is expected to be change in the policy rate (22%). released in January 2024. Due to successful IMF bailout & expectatio
Slide 4: Agenda
AGENDA CORPORATE ANALYST BRIEFING SESSION Economic Environment Excise & Price changes Financial Performance 9M’ 2022 Sustainability at PMPKL Figures may not foot due to rounding
Slide 5: Excise Tax Increases during Fiscal Year (July-Jun) 2022/23
Excise Tax Increases during Fiscal Year (July-Jun) 2022/23 Cumulative Mar’22 Jun’22 Aug’22 % Feb’23 % % PKR per pack A B C D = C/A E F = E/C G= E/A Premium Tier 104 118 130 25.0% 330 153.8% 217% Value Tier 33 37 41 24.2% 101 146.3% 206% Crossover Price 139.5 155.8 155.8 11.7% 212.4 36.3% 52.3% Legal
Slide 6: New Prices Post the Excise Announcement
New Prices Post the Excise Announcement Pack Price - Pre Excise Pack Price - Post Excise Brands Increase Increase Marlboro 253 483 Red & White Special 100 212 Red & White KSF 107 160 Diplomat 107 140 Morven Classic 72 140 Morven by Chesterfield 107 212 Parliament 94 160 Source: Published Prices Figu
Slide 7: Agenda
AGENDA CORPORATE ANALYST BRIEFING SESSION Economic Environment Brand-board & Price movement Financial Performance 9M’ 2023 Sustainability at PMPKL Q&A Figures may not foot due to rounding
Slide 8: Financials 9 months ended September 2023
Financials 9 months ended September 2023 (9 months volume decline 44% v/s SPLY) Jan – Sep 2023 Jan – Sep 2022 +/- % var. Key Ratios % of Revenue % PKR in Millions Net Turnover 13,641 14,966 -1,325 9% Cost of Sales 8,305 8,088 217 3% Gross Profit 5,336 6,878 -1,542 22% Gross Margin 39% Dist. & Market
Slide 9: Contribution to the National Exchequer and Profit/(Loss) after Tax as a % of Gross Turnover
CONTRIBUTION to the National Exchequer and Profit/(Loss) after Tax as a % to Gross Turnover % of Gross Turnover Avg. YoY contribution ~ 60% 64.7% 62.0% 60.5% 58.2% 54.4% 6.5% 5.2% 4.3% 1.6% -5.2% 2019 2020 2021 2022 9M 2023 Contribution to National Exchequer Profit/(Loss) after Tax Figures may not f
Slide 10: Agenda
AGENDA CORPORATE ANALYST BRIEFING SESSION Economic Environment Brand-board & Price movement Financial Performance 9M’ 2022 Sustainability at PMPKL Figures may not foot due to rounding
Slide 11: Transforming for a sustainable future
Transforming for a sustainable future Fuelwood and Crop Diversification Solar Energy Project for Gujranwala 100% of PMPKL’s contracted farmers utilize We switched the operations of our Gujranwala wood from sustainable & fully traceable sources. branch to Solar Energy with a view to reduce our This e
Slide 12: Thank You
Thank You Figures may not foot due to rounding
Philip Morris Pakistan — Corporate Update (December 2023) on 6ix