Philip Morris International Inc · NYSE:PM
Philip Morris International — 9M 2020 Earnings Presentation
12 slides from Philip Morris International's earnings presentation, Dec 1, 2020
Slide 1: Corporate Analyst Briefing Session
CORPORATE ANALYST BRIEFING SESSION 9 MONTH ENDED SEPTEMBER 2020 st DECEMBER 1 , 2020
Slide 2: Agenda
AGENDA Tilawat PMI Pakistan – Snapshot Capital Structure Tobacco Industry evolution Financial 9 months ended September 2020 Dealing with COVID -19 Q&A 2
Slide 3: PMI Pakistan – Snapshot
PMI Pakistan – Snapshot 1 1 Production Leaf Threshing Facility Facility $ 800 Mio. Rs 97 bio. +14 Mio. kg Invested in Contribution to Tobacco exported Pakistan since exchequer over since 2017-19 2007 5 years 700+ 2,300 15.9% Employees Contracted Women Farmers 3 Sources: PMPKL annual reports and inte
Slide 4: Capital Structure
CAPITAL STRUCTURE Authorized Shares PKR 12,000,000,000 Paid up Capital PKR 11,079,803,410 No. of Issued Ordinary Shares 61,580,341 No. of Issued Preference Shares 1,046,000,000 PHILIP MORRIS (PAKISTAN) LIMITED 97.65% 2.35% Minority Shareholders Philip Morris Philip Morris Brands SARL Investments B.V
Slide 5: Tobacco Industry Evolution
Tobacco Industry Evolution GHW Loose sticks GHW CTAG 40% - 50% ban 50% - 60% 77% 66% Tax Paid 65% 59% 58-56% 41% 42-44% Illicit 35% 34% The loss to the national 23% exchequer is estimated 169% at PKR 44bn each year 100% 111% 111% 92% 2016 2016 2017 2017 2018 2018 2019 2019 2020 LE 2020 Price gap bet
Slide 6: Board of Directors
BOARD OF DIRECTORS Name Designation Category Mr. Kamran Y Mirza Chairman Independent Mr. Roman Yazbeck Chief Executive Executive Mr. Muhammad Zeeshan Chief Financial Officer Executive Mr. Peter Calon Director Non-Executive Ms. Pattaraporn Auttaphon Director Non-Executive Dr. Ghulam Nabi Kazi Directo
Slide 7: Income Statement Comparison
INCOME STATEMENT COMPARISON Jan – Sep 2020 % Jan – Sep 2019 % +/- % PKR in Millions Net Turnover 11,898 100% 11,040 100% 858 8% Cost of Sales (6,688) (7,233) 545 8% Gross Profit 5,211 44% 3,807 34% 1,404 37% Dist. & Marketing Expenses (1,481) (1,989) 508 (26%) Admin Expenses (1,126) (1,102) (24) (2%
Slide 8: Balance Sheet & Ratio Analysis
BALANCE SHEET & RATIO ANALYSIS Amount in PKR Billion 2016 2017 2018 2019 Sep'20 Balance Sheet Non Current Assets 9.3 8.5 8.1 7.6 7.0 Current Assets 8.7 7.9 10.1 8.8 11.8 Total Assets 18.0 16.4 18.2 16.4 18.8 Share Capital 11.0 11.0 11.0 11.0 11.0 Total Equity 13.6 12.9 12.6 10.7 12.5 Current Liabili
Slide 9: Awards & Charitable Contributions
AWARDS & CHARITABLE CONTRIBUTIONS Donation to PM’s COVID Relief Fund COVID Disaster Relief Anti Littering campaign PMPKL made a donation to the Prime PMPKL partnered with Kashf and PM Pakistan partnered with Network of Minister’s COVID-19 Pandemic Relief Fund Paiman to provide assistance to the Orga
Slide 10: Challenges Faced During COVID-19
CHALLENGES FACED DURING COVID-19 Distribution and Sales Channels Employee Wellbeing/ Movement Bank and Cash flow issues for Distributors • Cigarettes distribution was • Banks minimized their operations hampered • WFH was initiated especially for due to which Distributors were not the office based ro
Slide 11: Our Response – Successfully Navigating Through Uncharted Territory
OUR RESPONSE – SUCCESSFULLY NAVIGATING THROUGH UNCHARTERED TERRORITORY Continuity of Operations and Work From Home, Employee Bank and Cash flow issues for Supplies Wellbeing Distributors • Cross territory distributions using • SOPs put in place ranging from • Extended support to the distributors, ot
Slide 12: Thank You
THANK YOU 12
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