Philip Morris International Investor Presentation — May 2021

Document content

Delivering a Smoke-Free Future

Virtual Annual Meeting of Shareholders

Forward-Looking and Cautionary Statements

•This presentation and related discussion cont ain projections of future results and other f orward-looking statements. Achievement of

future results is subject to risks, uncertainties and inaccurate assumptions. In the event that risks or uncertainties materialize, or

underlying assumptions prove inaccurate, actual results could vary m aterially from those contained in s uch forward-looking statements.

Pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, PMI is identifying important factors that,individually or in the aggregate, could cause actual results and outcomes to differ materially from those contained in any forward-looking

statements made by PMI

•PMI's business risks include: excise tax increases and discriminatory t ax structures; increasing marketing and regulatory restrictions that

could reduce our competitiveness, eliminate our ability to communicate with adult consumers, or ban certain of our products; health

concerns relating to the use of tobacco and othe r nicotine-containing products and exposure to environmental tobacco smoke; litigation

related to tobacco use and intellectual property ; intense competition; the effects of global an d individual country ec onomic, regulatory and

political developments, natural disasters and conflicts; changes in adult smoker behavior; lost revenue s as a result of counterfeiting,