Philip Morris International Inc at Morgan Stanley Global Consumer Conference (Virtual) Transcript

Jan 23, 2024

Dec 02, 2020 / 03:00PM GMT
Pamela Kaufman - Morgan Stanley, Research Division - Senior Analyst

Good morning. I am Pam Kaufman, Morgan Stanley's U.S. tobacco and food analyst. For important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to the Morgan Stanley sales representative.

So for the next presentation, I'd like to introduce Philip Morris. 2020 has been an unprecedented year, but PMI has been resilient and executing on its long-term strategy of creating a smoke-free world. PMI has successfully adapted its IQOS commercialization strategy to the COVID environment. Evidence in IQOS' growing user base at over 16 million users and availability in over 60 markets. PMI has also been expanding its reduced-risk product portfolio with the recent launch of IQOS VEEV in New Zealand, lil SOLID in Eastern Europe and lil Hybrid in Japan. Here today to walk us through PMI's strategy and vision is Emmanuel Babeau, PMI's Chief Financial

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