菲利普莫里斯国际公司Philip Morris International (PM) 2020年年度报告「NYSE」.pdf

1、P H I L I P M O R R I S I N T E R N A T I O N A L2 0 2 0 A N N U A L R E P O R TTOGETHER.FORWARD.Note:See page G-1 for glossary of select terms.Reconciliations to the most directly comparable U.S.GAAP measures are provided on pages R-1 to R-2.(1)On an organic basis.See page G-1 for definition.(2)Ann

2、ualized rate based on a quarterly dividend of$1.20 per common share,declared September 9,2020.(3)See page G-1 for definition.(4)Excluding the U.S.(5)Reflects PMI reduced-risk product net revenues of$6.8 billion as a percentage of PMI total net revenues of$28.7 billion.2020 Financial HighlightsNet Re

3、venues-1.6%vs.20191Adjusted Operating Income+4.6%vs.20191Adjusted Operating Income Margin+2.4ppvs.20191Smoke-Free PortfolioIQOS 2.4+IQOS VEEVTotalIQOS Users317.6MillionMarket Share of PMI HTUs3 in IQOS Markets46.1%HTU ShipmentVolume76.1Billion UnitsSmoke-FreeProduct Net Revenues23.8%of Total5IQOS 3

4、DUOIQOS 3 MULTIOperating Cash Flow$9.8BillionAnnualized Dividend$4.80Per Share22020 HighlightsAdjusted Diluted EPS+7.0%vs.20191Cover photo:“TOGETHER.FORWARD.”is a new,integrated campaign that aims to address the motivations and desires of millions of diverse adult smokers across the globe who would

5、otherwise continue to smoke.As a consumer-centric organization,we carefully listened to what our consumers had to say,then co-created the new IQOS campaign.PMI HTUs#3Tobacco“Brand”in IQOS Markets4Dear Shareholder,In 2020,PMI delivered a robust business performance given the unprecedented headwinds o

6、f the COVID-19 pandemic.This reflected the consistent,broad-based and increasingly profitable growth of IQOS,solid pricing for combustible tobacco products outside Indonesia,and significant cost efficiencies.We also achieved several important milestones,notably the U.S.Food and Drug Administrations