NEW YORK--(BUSINESS WIRE)--Feb. 23, 2012--
Regulatory News:
Philip Morris International Inc.’s (NYSE / Paris Euronext: PM) Chief
Financial Officer, Hermann Waldemer, addresses investors today at the
CAGNY Conference in Boca Raton, Florida.
The presentation and Q&A session are being webcast live, in a
listen-only mode, beginning at approximately 9:15 a.m. ET, at www.pmi.com.
An archived copy of the webcast, together with presentation remarks and
slides, will be available on the same site.
The presentation’s key focus is on the elements that define PMI, notably
its: commitment to shareholder value; world-class portfolio of brands;
global footprint; and strong free cash flow generation. The presentation
also highlights some of the principal drivers of its ability to deliver
solid and reliable results.
PMI also reaffirms its guidance, announced on February 9, for 2012
full-year reported diluted earnings per share to be in a range of $5.25
to $5.35, at prevailing exchange rates at that time, versus $4.85 in
2011, resulting in an anticipated unfavorable currency impact of
approximately $0.10 for 2012. Excluding the unfavorable currency impact,
reported diluted earnings per share are projected to increase by
approximately 10% to 12% versus reported diluted earnings per share in
2011, or by approximately the same percentages versus 2011 adjusted
diluted earnings per share of $4.88.
Adjusted diluted earnings per share of $4.88 in 2011 is calculated as
reported diluted earnings per share of $4.85, less a $0.02 per share
benefit for discrete tax items, plus a $0.05 per share charge related to
asset impairment and exit costs.
This guidance excludes the impact of potential future acquisitions,
unanticipated asset impairment and exit cost charges, and any unusual
events.
The presentation, related discussion and this release contain statements
that, to the extent they do not relate strictly to historical or current
facts, constitute "forward-looking statements" within the meaning of the
Safe Harbor Provisions of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements are based on current plans,
estimates and expectations, and are not guarantees of future
performance. They are based on management's expectations that involve a
number of business risks and uncertainties, any of which could cause
actual results to differ materially from those expressed in or implied
by the forward-looking statements.
The risks and uncertainties relating to the forward-looking statements
in the presentation, related discussion and this release include those
described under Item 1A. “Risk Factors” in PMI’s Form 10-Q for the
quarter ended September 30, 2011, filed with the Securities and Exchange
Commission. PMI does not undertake to publicly update or revise any
forward-looking statements, except in the normal course of its public
disclosure obligations.
About Philip Morris International Inc.
Philip Morris International Inc. (PMI) is the leading international
tobacco company, with seven of the world’s top 15 international brands,
including Marlboro, the number one cigarette brand worldwide. PMI’s
products are sold in approximately 180 countries. In 2011, the company
held an estimated 16.0% share of the total international cigarette
market outside of the U.S., or 28.1% excluding the People’s Republic of
China and the U.S. For more information, see www.pmi.com.

Source: Philip Morris International Inc.
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