Philip Morris International Inc. Depositary Receipt (PM)

Overview

Philip Morris International Inc. is a globally recognized tobacco company that has embarked on an ambitious journey to lead a smoke-free future. The company is actively transforming its portfolio for the long term by incorporating products that move beyond the traditional tobacco and nicotine industry. With its inception in 1987, Philip Morris International operates from its headquarters in New York, New York, and has taken significant strides in offering a wide array of smoke-free products. Catering primarily to markets outside the United States, its mainstay includes cigarettes alongside innovative smoke-free solutions aimed at reducing the health impact associated with smoking. Embracing modern technology and consumer trends, Philip Morris International Inc. is dedicated to evolving its offerings to meet the diverse needs of adult smokers and to align with its vision of a future without cigarettes.

Products and Services

• Cigarettes: Philip Morris International’s traditional product range, including globally recognized brands such as Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. These brands have a long-standing reputation and are sold across various markets, serving as the company’s foundational product lineup.
• Heat-Not-Burn Products: A revolutionary range of smoke-free products that heat tobacco instead of burning it. This category includes the IQOS system and accompanying HeatSticks available under various brand names, including HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, and Marlboro HeatSticks. These products are designed to generate a flavorful nicotine-containing vapor without the smoke and ash associated with traditional cigarettes.
• Vapor Products: Philip Morris International offers a range of e-cigarettes and vaporizers, providing adult smokers with smoke-free alternatives to traditional cigarettes. These products are designed for those seeking the sensation of smoking without the combustion process, offering a less harmful alternative for nicotine intake.
• Oral Nicotine Products: Catering to the needs of adult users looking for smokeless nicotine alternatives, Philip Morris International offers products such as nicotine pouches and lozenges that do not require burning or vaporization. These products provide a discreet and smoke-free way for consumers to enjoy nicotine.
• International Brands: The company’s portfolio is enriched with international cigarette brands like Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia; and Fortune and Jackpot in the Philippines. These brands cater to specific market preferences and cultural tastes, demonstrating Philip Morris International's commitment to diversity in its product offerings.