Philip Morris International Investor Presentation — September 2021

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Delivering a Smoke-Free Future

Barclays Global Consumer Staples

Chief Financial Officer

Forward-Looking and Cautionary Statements

•This presentation and related discussion contains projections of future results and other forward-looking statements. Achievement of future resu l t si ss u b j e c tt or i s k s ,

uncertainties and inaccurate assumptions. In the event that risks or uncertainties materialize, or underlying assumptions prove inaccurate, actu al results could vary

materially from those contained in such 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 conta ined in any forward-looking

statements made by PMI

•PMI's business risks include: excise tax increases and discriminatory tax 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 other nic otine containing

products and exposure to environmental tobacco smoke; litigation related to tobacco use and intellectual property; intense competition; the effec ts of global and individual

country economic, regulatory and political developments, natural disasters and conflicts; changes in adult smoker behavior; lost revenues as a res ult of counterfeiting,