Altria Group, Inc. · NYSE:MO
Altria — Shareholder Meeting (May 2015)
33 slides from Altria's shareholder meeting presentation, May 20, 2015
Slide 1: Altria Group, Inc. Annual Meeting of Shareholders, May 20, 2015
Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015
Slide 2: Safe Harbor Statement
Safe Harbor Statement Statements, including earnings guidance, in this presentation that are not reported financial results or other historical information are “forward-looking statements” within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements are bas
Slide 3: Business Update
Business Update Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 3
Slide 4: Altria.com
Altria.com Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 4
Slide 5: 2014 Investor Highlights
2014 Investor Highlights High-level summary of our operating and financial results A focus on our people and work culture Our commitment to our communities Our corporate responsibility initiatives Note: Third party trademarks are the property of their respective owners and are included for i
Slide 6: Adjusted Diluted EPS Performance
Adjusted Diluted EPS* Performance +8.0% $2.38 $2.57 2013 2014 *For reconciliation of non-GAAP to GAAP measures visit altria.com Source: Altria company reports Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 6
Slide 7: Returning Cash to Shareholders
Returning Cash to Shareholders Annualized Dividend Growth Dividends Paid $ in Billions +8.3% $2.08 $3.9 $1.92 Aug-13 Aug-14 2014 Note: Dividend is based on the current annualized dividend (Last increased August 2014) Source: Altria company reports Altria Group, Inc. -- Annual Meeting of Shareholders
Slide 8: Smokeable Products Adjusted OCI
Smokeable Products Adjusted OCI* $ in Billions +6.7% $10.0 $6.4 $6.9 $0.0 2013 2014 *For reconciliation of non-GAAP to GAAP measures visit altria.com Source: Altria company reports Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 8
Slide 9: 2014 Marlboro Retail Share
2014 Marlboro Retail Share 43.8% Next 10 Largest Brands = 42.6% Marlboro Source: IRI/MSAi Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 9
Slide 10: Copenhagen & Skoal Combined Retail Share
Copenhagen & Skoal Combined Retail Share +3.9pp 51.2% 47.3% 2009 2014 Source: IRI InfoScan Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 10
Slide 11: Altria Group, Inc. Annual Meeting of Shareholders, May 20, 2015
Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 11
Slide 12: 2014 Total Shareholder Return
2014 Total Shareholder Return 34.5% 14.1% 13.7% Altria Group S&P Food, Beverage & S&P 500 Tobacco Note: Assumes quarterly reinvestment of dividends as of ex-dividend date. Source: Bloomberg Daily Return Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 12
Slide 13: Adjusted Diluted EPS Performance
Adjusted Diluted EPS* Performance +10.5% $0.57 $0.63 Q1 2014 Q1 2015 *For reconciliation of non-GAAP to GAAP measures visit altria.com Source: Altria company reports Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 13
Slide 14: 2015 Guidance
2015 Guidance Altria reaffirms its guidance for 2015 full-year adjusted diluted EPS to increase by 7% to 9% to a range of $2.75 to $2.80 from its 2014 adjusted diluted EPS base of $2.57* per share *For reconciliation of non-GAAP to GAAP measures visit altria.com Source: Altria company reports Altr
Slide 15: Our Mission
Our Mission is to own and develop financially disciplined businesses that are leaders in responsibly providing adult tobacco and wine consumers with superior branded products. Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 15
Slide 16: Slide 16
Slide 17: Leadership Programs
Leadership Programs Executive Leadership for Officers Leadership Summit for Directors and Vice Presidents First-time Managers Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 17
Slide 18: External Recognition
External Recognition Note: Third party trademarks are the property of their respective owners and are included for informational purposes only. Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 18
Slide 19: Employee Resource Groups
Employee Resource Groups Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 19
Slide 20: External Recognition
External Recognition In 2015, DiversityInc named Altria as one of the “25 Noteworthy Companies” Note: Third party trademarks are the property of their respective owners and are included for informational purposes only. Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 20
Slide 21: Altria's Companies' 2014 Giving Focus Areas
Altria’s Companies’ 2014 Giving Focus Areas $50+ million to non-profit organizations Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 21
Slide 22: External Recognition
External Recognition In 2014, the Civic 50 recognized Altria as one of America’s most community-minded companies Note: Third party trademarks are the property of their respective owners and are included for informational purposes only. Altria Group, Inc. -- Annual Meeting of Shareholders, May 20,
Slide 23: Altria Volunteers
Altria Volunteers Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 23
Slide 24: Employee Fund
Employee Fund Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 24
Slide 25: Addressing Societal Concerns
Addressing Societal Concerns Help reduce underage product use Reduce harm caused by tobacco products Help reasonable regulation succeed Promote a sustainable supply base Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 25
Slide 26: Positive Youth Development
Positive Youth Development Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 26
Slide 27: Underage Use of Tobacco
Underage Use of Tobacco Underage smoking is at historic lows Our companies are taking steps to address rising underage use of e-vapor products Altria and NuMark are advocating for minimum age laws for e-vapor products 44 states have passed legislation Nu Mark requires retailers to age veri
Slide 28: Tobacco Harm Reduction
Tobacco Harm Reduction Evidence suggests some tobacco products are less harmful Our tobacco companies focus on developing lower-risk products We believe FDA has an unprecedented opportunity to advance public health goals Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 28
Slide 29: Farm Labor Practices
Farm Labor Practices Work with various stakeholders to address farm labor issues Founding member of the Farm Labor Practices Group (FLPG) Lead training and education task force FLPG task force recently rolled out enhanced training on labor management Training designed for ~10,000 growers in
Slide 30: Altria Group, Inc. Annual Meeting of Shareholders, May 20, 2015
Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 30
Slide 31: Executive Compensation
Executive Compensation Executive compensation programs: - Contribute to business results and strong shareholder returns - Align with shareholder interests - Promote Altria’s Mission and business strategies - Reward achievement of corporate and individual performance goals In 2014, nearly 94% of th
Slide 32: Altria Group, Inc. Annual Meeting of Shareholders, May 20, 2015
Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 32
Slide 33: Regulation G Disclosure
Regulation G Disclosure For reconciliations and further explanations of non-GAAP financial measures, visit altria.com Altria Group, Inc. -- Annual Meeting of Shareholders, May 20, 2015 33