Altria Group, Inc. · NYSE:MO

Altria — Shareholder Meeting (May 2022)

42 slides from Altria's shareholder meeting presentation, May 19, 2022

  1. Slide 1: 2022 Annual Meeting of Shareholders

    2022 Annual Meeting of Shareholders

  2. Slide 2: For Investor Presentation ONLY

    2 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  3. Slide 3: Agenda

    Agenda  Presentation of documents  Welcome and Election of Board of Directors  Ratification of PricewaterhouseCoopers LLP as Altria’s independent registered public accounting firm  Advisory vote  Shareholder proposal  Preliminary voting results  Business update  Question and answer session 3

  4. Slide 4: Presentation of Documents

    Presentation of Documents  Notice of Meeting  Form of Proxy  Proxy Statement  2021 Annual Report 4 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  5. Slide 5: Inspectors of Election

    Inspectors of Election  Broadridge Financial Services to act as inspector of election  Determine the shares represented today  Certify the vote of all matters presented 5 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  6. Slide 6: Agenda

    Agenda  Presentation of documents  Welcome and Election of Board of Directors 6 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  7. Slide 7: Thank You for Your Distinguished Service to Altria

    Thank You for Your Distinguished Service to Altria John T. Casteen III Dinyar S. Devitre 7 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  8. Slide 8: Director nominees

    Ian L.T. Clarke Marjorie M. Connelly R. Matt Davis William F. Gifford, Jr. Debra J. Kelly-Ennis W. Leo Kiely III Kathryn B. McQuade George Muñoz Nabil Y. Sakkab Virginia E. Shanks Ellen R. Strahlman M. Max Yzaguirre 8 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.

  9. Slide 9: Agenda

    Agenda  Presentation of documents  Welcome and Election of Board of Directors  Ratification of PricewaterhouseCoopers LLP as Altria’s independent registered public accounting firm 9 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  10. Slide 10: Agenda

    Agenda  Presentation of documents  Welcome and Election of Board of Directors  Ratification of PricewaterhouseCoopers LLP as Altria’s independent registered public accounting firm  Advisory vote 10 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  11. Slide 11: Advisory Vote

    Advisory Vote  Compensation of NEOs  Vote is non-binding, the Compensation and Talent Development Committee will consider its outcome when making future decisions  Our Board recommends shareholders vote in favor 11 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.

  12. Slide 12: Agenda

    Agenda  Presentation of documents  Welcome and Election of Board of Directors  Ratification of PricewaterhouseCoopers LLP as Altria’s independent registered public accounting firm  Advisory vote  Shareholder proposal 12 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 20

  13. Slide 13: Shareholder Proposal

    Shareholder Proposal

  14. Slide 14: Preliminary Voting Report

    Preliminary Voting Report  Election of Altria’s Board of Directors  Ratification of PricewaterhouseCoopers LLP  Advisory vote to approve the compensation of Altria’s NEOs  Shareholder Proposal 14 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  15. Slide 15: For 15

    For15 | Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  16. Slide 16: Safe Harbor Statement

    Safe Harbor Statement Statements, including earnings guidance, in this presentation that are not reported financial results or other historical information are “forward-looking statements” within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements are bas

  17. Slide 17: Business Update

    Business Update  2021 Results  Q1 2022 Results  Environmental, Social and Governance (ESG) efforts 17 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  18. Slide 18: 2021 Results

    2021 Results Adjusted Diluted Earnings Per Share (EPS)* Cash Returned to Shareholders $8.1 +5.7% $7.7 $7.1 $6.9 $4.61 $6.3 $4.36 2020 2021 2017 2018 2019 2020 2021 *For reconciliation of non-GAAP to GAAP measures visit altria.com $36.1 Billion Returned Over the Past Five Years 18 | For Investor Pres

  19. Slide 19: Accelerating on! retail share growth and smoke-free expansion

     accelerating the retail share growth of on! and further enhancing our internal capabilities to expand smoke-free tobacco products;  advancing the science, research and development behind our smoke-free products, including filing 151 new patents related to harm reduction efforts;  advocating for

  20. Slide 20: Q1 2022 Results

    Q1 2022 Results Adjusted Diluted EPS* Cash Returned to Shareholders +4.7% $2.2 B $1.12 $1.07 Share Repurchases $0.6 B Dividends $1.6 B Q1 2021 Q1 2022 Q1 2022 *For reconciliation of non-GAAP to GAAP measures visit altria.com 20 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders

  21. Slide 21: Continued on! Share Growth

    Continued on! Share Growth on! Share of Oral Tobacco Category (total U.S.) 4.1 3.8 3.0 2.0 1.6 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Source: IRI InfoScan Oral Tobacco MOC, WE 04/03/22 21 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  22. Slide 22: 2022 Financial Guidance

    2022 Financial Guidance We reaffirm our guidance to deliver 2022 full-year adjusted diluted EPS* in a range of $4.79 to $4.93, representing a growth rate of 4% to 7% from an adjusted diluted EPS base of $4.61 in 2021. *For reconciliation of non-GAAP to GAAP measures visit altria.com 22 | For Investo

  23. Slide 23: Our Focus Areas

    Our Focus Areas ENVIRONMENTAL SOCIAL GOVERNANCE 23 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  24. Slide 24: The Most Important Social Issues to Address

    The Most Important Social Issues to Address 24 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  25. Slide 25: For

    25 For | Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  26. Slide 26: Age Validation Technology (AVT)

    Age Validation Technology (AVT) Stores with AVT (April 2022) 100% In Progress 8,000 90% 80% 70% 60% ~80% of 50% PM USA Installed 132,000 40% Volume 30% 20% 10% 0% AVT Data 26 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  27. Slide 27: 2021 Survey Results

    2021 Survey Results Current Cigarette Use Among Current E-Vapor Use Among Middle & 8th, 10th & 12th Grades Combined High School Students Combined 30 28.3 30 20.0 Percentage (%) Percentage (%) 20.7 (92%) 7.6 1.1 2.3 0 0 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2

  28. Slide 28: Advancing Our Vision

    Advancing Our Vision Our talented team of scientists, researchers and regulatory professionals continue to advance the science behind our smoke-free products. 28 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  29. Slide 29: Understanding Risk and Addressing Misperceptions

    Understanding Risk and Addressing Misperceptions Among Adult Smokers (21+ years old) 67% 87% believe the nicotine in cigarettes agree adult tobacco users have a right is equally or more harmful than the to be informed about different levels smoke inhaled from burning tobacco of risk associated with

  30. Slide 30: Modified Risk Tobacco Product (MRTP) Applications

    Modified Risk Tobacco Product (MRTP) Applications All third-party trademarks remain the property of their respective owners. 30 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  31. Slide 31: Addressing the Most Relevant Environmental Issues

    Addressing the Most Relevant Environmental Issues  It is our priority to work to address the most relevant environmental issues for our business and then work to mitigate risk and capitalize on the opportunities.  We were the first U.S. tobacco company to join the more than 2,000 Task Force on Cli

  32. Slide 32: Minimizing Our Environmental Footprint

    Minimizing Our Environmental Footprint Recent Actions:  We recently announced a long-term renewable electricity purchase agreement that we expect to be operational by the end of this year.  We believe this timing would allow us to hit our 2030 renewable electricity and Scope 1 and 2 emissions redu

  33. Slide 33: Recognition for Our Environmental Efforts

    Recognition for Our Environmental Efforts All third-party trademarks remain the property of their respective owners. 33 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  34. Slide 34: Protecting the Environment

    Protecting the Environment Protecting the environment is an area of importance and urgency for all companies, and we are closely monitoring developments in this space. The U.S. Securities and Exchange Commission recently published a proposed rule on climate disclosures that may have far-reaching imp

  35. Slide 35: Drive Responsibility Through Our Value Chain

    Drive Responsibility Through Our Value Chain 35 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  36. Slide 36: Supporting Our People & Communities

    Supporting Our People & Communities Prioritized Our Efforts Toward:  Inclusion, Diversity & Equity (ID&E);  Employee well-being;  Development and capability-building; and  Community impact and partnership. In our communities, we created a new five-year community impact plan to drive business and

  37. Slide 37: Progress Toward ID&E

    Progress Toward ID&E Employees of Color Representation in Leadership Talent Development System Metrics (Year-end 2021) (2021) 54% 42% 33% 30% 29% 26% 24% In our communities, we created a new five-year community impact plan to drive business Vice-Presidents and social impact inAiming Director-Level s

  38. Slide 38: Board and Executive Leadership

    Board and Executive Leadership Board Diversity Board and Executive Leadership Developments:  Diverse members chair most of our Board committees. 3  Last year, Kathryn McQuade became the first woman to 4 serve as Chair of our Board.  Within our executive management team, Jennifer Hunter was recent

  39. Slide 39: Responsibility Reports Available on Altria.com

    Responsibility Reports Available on Altria.com 39 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  40. Slide 40: For

    40 | For Investor Presentation ONLY | Altria Annual Meeting of Shareholders 2022 | 5.19.2022

  41. Slide 41: Agenda

    Agenda  Presentation of documents  Welcome and Election of Board of Directors  Ratification of PricewaterhouseCoopers LLP as Altria’s independent registered public accounting firm  Advisory vote  Shareholder proposal  Voting results  Business update  Question and answer session 41 | For Inve

  42. Slide 42: Question and Answer Session

    Question and Answer Session

Altria Group — Shareholder Meeting (May 2022) on 6ix