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Philip Morris International Inc. Presents at the CAGNY Conference; Reaffirms 2018 Full-Year Reported


( / Paris Euronext: PM) Chief Executive Officer, , Chief Operating Officer, , and Chief Financial Officer, , address investors today at the in , USA.Philip Morris International Inc.’sNYSEConsumer Analyst Group of New York ConferenceAndré CalantzopoulosJacek OlczakMartin KingBoca Raton, Florida

The presentation and Q&A session are being webcast live, in a listen-only mode, beginning at approximately , at , and on the PMI Investor Relations App available at . An archived copy of the webcast, together with presentation remarks and slides, will be available on the same site and the App.9:00 a.m. ETwww.pmi.com/2018cagnywww.pmi.com/irapp

The presentation will provide an overview of the company’s: strategy for a smoke-free future; key success factors; strong combustible business; operating model and investment plans for driving the commercial success of its reduced-risk products; and its 2018 financial outlook, including capital structure and shareholder return priorities.

The company reaffirms its 2018 reported diluted EPS guidance, announced on , for 2018 full-year reported diluted earnings per share to be in a range of to , versus in 2017. Excluding a favorable currency impact, at then-prevailing rates, of approximately per share, the reported diluted EPS range represents an increase of approximately 7% to 10% versus adjusted diluted EPS of in 2017. Adjusted diluted earnings per share of in 2017 is calculated as reported diluted EPS of , plus tax items of per share primarily related to the implementation of the Tax Cuts and Jobs Act.February 8$5.20$5.35$3.88$0.16$4.72$4.72$3.88$0.84

As communicated on , the company anticipates reported diluted EPS of approximately in the first quarter of 2018, including approximately of favorable currency, at then-prevailing rates.February 8$0.87$0.03

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-K for the year ended , filed with the . PMI does not undertake to publicly update or revise any forward-looking statements, except in the normal course of its public disclosure obligations.December 31, 2017Securities and Exchange Commission

: Who We ArePhilip Morris International

We are a leading international tobacco company engaged in the manufacture and sale of cigarettes and other nicotine-containing products in markets outside . We’re building our future on smoke-free products that are a much better consumer choice than continuing to smoke cigarettes. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, we aim to ensure that our smoke-free products meet adult consumer preferences and rigorous regulatory requirements. Our vision is that these products ultimately replace cigarettes to the benefit of adult smokers, society, our company and our shareholders. For more information, see and .the United States of Americawww.pmi.comwww.pmiscience.com

: +1 (917) 663 2233Lausanne: +41 (0)58 242 4666orLausanne: +41 (0)58 242 4500Investor Relations:Media:

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Philip Morris International Inc.

Source:Philip Morris International Inc.

  • This 2018 forecast assumes: currency-neutral net revenue growth of over 8%, operating cash flow of over ; capital expenditures of approximately ; and no share repurchases. This forecast excludes the impact of any future acquisitions, unanticipated asset impairment and exit cost charges, future changes in currency exchange rates, further developments related to the Tax Cuts and Jobs Act, and any unusual events.$9.0 billion$1.7 billion
  • The company notes that, while currency spot rates have moved in a favorable direction since it provided guidance on , these rates remain volatile. The company will revisit the impact of currency when it provides EPS guidance with its first quarter earnings results on .February 8April 19

Quick facts: Philip Morris International

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