Philip Morris International Presents at 2024 CAGNY Conference; Reaffirms 2024 Full-Year Forecast for Reported Diluted EPS of $5.90 to $6.02 and Adjusted Diluted EPS of $6.32 to $6.44, Representing Currency-Neutral Growth of 7% to 9%

STAMFORD, CT-Philip Morris International Inc.'s (PMI) (NYSE: PM) Chief Executive Officer, Jacek Olczak and Chief Financial Officer, Emmanuel Babeau, will address investors today at the 2024 Consumer Analyst Group of New York (CAGNY) Conference.

The event will be webcast live in listen-only mode, beginning at approximately 10:00 a.m. ET, at www.pmi.com/2024cagny and on the PMI Investor Relations Mobile Application (www.pmi.com/irapp). Presentation slides will also be available on the same site and the App. An archived copy of the webcast will be available until Friday, March 22, 2024.

The presentation will cover:

PMI's progress to date on becoming a substantially smoke-free business by 2030;

the science demonstrating why smoke-free products are a much better alternative;

PMI's responsible marketing practices;

the success of company's strong multi-category portfolio with leading premium brands in heat-not-burn and oral nicotine;

the first anniversary of our successful combination with Swedish Match, including progress on integration and a planned strategic review of the U.S. cigar business;

the financial model underlying the company's smoke-free transformation; and the company's strong financial and non-financial performance.

2024 Full-Year Forecast

PMI reaffirms its 2024 full-year reported diluted EPS forecast, announced on February 8th, of $5.90 to $6.02. Excluding a total 2024 adjustment of $0.42 per share and an unfavorable currency impact, at currently prevailing exchange rates, of $0.11 per share, this forecast represents a projected currency-neutral increase of 7% to 9% versus adjusted diluted EPS of $6.01 in 2023, as outlined in the below table.

See full release at: https://www.pmi.com/investor-relations/press-releases-and-events/press-releases-overview/press-release-details/?newsId=27281

(C) 2024 Electronic News Publishing, source ENP Newswire