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Delivering a Smoke-Free Future Barclays Global Consumer Staples Conference September 6, 2022 Emmanuel Babeau Chief Financial Officer • This presentation and related discussion contains statements relating to future status or circumstances, including statements regarding results,
Delivering a Smoke-Free Future
Barclays Global Consumer Staples
Chief Financial Officer
• This presentation and related discussion contains statements relating to future status or circumstances, including statements regarding results, future performance, growth and other trend projections, are forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may generally, but not always, be ide ntified by the use of words such as "anticipates", "intends", "expects", "believes", or similar
expressions. By their nature, forward-looking statements involve risk and u ncertainty because they relate to events and depend on circumstances th at will occur in the future. There can be no assurance that actual results will not differ materially
from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of Philip Morris Intern ational Inc. (PMI). Any such forward-looking statements speak only as of the date on which they
are made and PMI has no obligation (and undertakes no such obligation) to update or revise any of them, whether as a result of new information, future eve nts or otherwise, except for in accordance with applicable laws and regulations
• PMI's business risks include: excise tax increases and discriminatory tax structures; increasing marketing and regulatory restrictions that coul d reduce our competitiveness, eliminate our ability to communicate with adult consumers, or ban certain
of our products in certain markets or countries; health concerns relating to the use of tobacco and other nicotine-containing products and exposure t o environmental tobacco smoke; litigation related to tobacco use and intellectual property; intense
competition; the effects of global and individual country economic, regulatory and political developments, natural disasters and conflicts; the i mpact and consequences of Russia's invasion of Ukraine; changes in adult smoker behavior; the impact of
COVID-19 on our business; lost revenues as a result of counterfeiting, cont raband and cross-border purchases; go vernmental investigations; unfav orable currency exchange rates and currency devaluations, and limitations on the ability to
repatriate funds; adverse changes in applicable corporate tax laws; adverse changes in the cost, availability, and quality of tobacco and other agri cultural products and raw materials, as well as components and materials for our electronic devices; and
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