Tobacco Companies: Philip Morris Without Some of the Risks of Smoking

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Tobacco Companies: Philip Morris Without Some of the Risks of Smoking 56 RESEARCH Says: Cigarette Market Share 57 Chapter These companies remain some of the most Sweden Finland by country, 2008 Norway . This is thanks in part to their endless British Estonia “profitable in the world American Russian United Kingdom Tobacco Latvia Fed. 18 London, inventive ways of undermining and circumventing regulation. Lithuania Denmark Russian Federation Ireland Philip Morris USA/ Anna Gilmore, University of Bath, UK, 2011 Netherlands Belarus Philip Morris International ” Canada Poland Imperial Tobacco Group Germany Bristol, UK Belgium n recent years, publicly traded tobacco Nicoventures, a separate company dedicated to Czech Rep. Ukraine British American Tobacco Philip Morris International Slovakia Rep. Lausanne, Switzerland Austria Moldova I companies have consolidated through creating alternative nicotine products that offer Switz. Hungary Slovenia— France —Croatia Romania Imperial Tobacco Group privatization and mergers. Today there are five the same experience expected from cigarettes Bosnia & Herzegovina Serbia Kazakhstan Japan Tobacco/ major private tobacco companies: Philip Morris without some of the risks of smoking. Bulgaria Albania —FYR Japan Japan Tobacco International Philip Morris International Italy Macedonia DPR Portugal Uzbekistan China National International, Altria/Philip Morris USA, Japan New York, NY Spain Georgia Kyrgyzstan Korea United States of America Greece Tobacco Corporation Korea Estimates of revenues from the global tobacco Armenia— —Azerbaijan Beijing State-Owned Tobacco Company Turkmenistan Rep Tobacco International, British American Altria Group/Philip Morris USA Turkey industry vary widely but are likely approaching Richmond, VA —Malta Syrian Tobacco, and Imperial Tobacco. In addition to Tunisia Cyprus— China Japan Tobacco/ Other Arab Rep. Japan Tobacco International half a trillion dollars annually. Although Lebanon*— Isl. Rep. Tokyo these corporations, there are sixteen state-owned Jordan Iraq of Iran Morocco tobacco is ultimately a financial burden on —Israel Pakistan tobacco companies that are the leading cigarette Kuwait— Nepal No Data the governments and health-care systems of Algeria Libyan Arab Jamahiriya Egypt manufacturers in specific countries. CHINA Bangladesh International Headquarters countries, it is also a source of government —UAE —Hong Kong ANIES Mexico Cuba Saudi Arabia India Myanmar* or Operations Centers, 2011 NaTIONal TOBaccO CORPORATION IS Lao P revenue, through tobacco taxes and additional Dominican Rep. PDR THE laRGesT STATE-OWNED TOBaccO Jamaica profit for those countries with state-owned Philippines *Myanmar and Lebanon Guatemala Honduras Yemen Thailand COmpaNY, PRODUCING MORE CIGARETTes Senegal Viet Nam have state-owned El Salvador tobacco companies. Each year the tobacco Nicaragua Sudan Cambodia tobacco companies, but THAN ANY OTHER COmpaNY IN THE as of 2008 the —Trinidad & Tobago industry in China contributes over 7% of the Costa Rica state-owned companies WORLD. In 2008 CNTC manufactured 2.1 trillion Ghana Nigeria Panama Venezuela Côte Ethiopia Sri Lanka were not the leading central government’s total revenue. If Big Tobacco d’Ivoire Togo tobacco manufacturer of the 5.9 trillion cigarettes produced worldwide. Cameroon in those countries were a country, it would have a gross domestic Colombia Malaysia Singapore— As the tobacco market has consolidated under product (GDP) similar to that of Poland, Sweden, Kenya Indonesia Ecuador Dem. Rep. a few major companies, the direction of these Venezuela, or Saudi Arabia. of Congo companies is beginning to change. Traditionally, United Republic of Tanzania company buyouts took place in order to TOBACCO COM THE INDUSTRY Says: Peru Brazil consolidate and expand cigarette market share. Angola Zambia Now tobacco companies are branching out into Altria Group has outperformed the Bolivia Mozambique other areas of tobacco products and technology. S&P 500 every year since 2000 and has Zimbabwe Madagascar “ —Mauritius In recent years, the major tobacco companies increased its dividend 44 times in the Paraguay S. Africa Tobacco have purchased corporations that produce oral last 42 years. Its scale, balance sheet Australia TOBACCO industry tobacco, such as snus. In 2011 Philip Morris Tobacco Company strength and improved operational Company Profits International bought patent rights to a technology focus make the company a compelling Uruguay CEO Compensation In 2010 the combined profits of the six leading tobacco companies was $35 billion. that delivers nicotine-infused aerosol. In the Argentina 2010 compensation includes annual salary, consumer products investment Chile This was equal to the combined profits of same year, British American Tobacco established bonus, stock options, etc. Coca-Cola, Microsoft, and McDonald’s in 2010. opportunity, and enable the company ! New Zealand to have large-scale economic impact. Value in billions (USD), 2010 $91.7b Total Revenue Altria website, US, 2011 $90b ” $16.0 for top 6 companies Philip Morris International leads the cigarette Jiang Chengkang, CEO $67.7 Global Cigarette China National $65.9 $70b market in volume of cigarettes and is “the most Tobacco Corporation $346.2 billion $58.1 $1.5 $7.5 profitable publicly traded tobacco company in Total Profit (ash) Market Share compensation unknown $4.2 $50b Percent of total number of cigarettes produced, the world." for top 6 companies Hiroshi Kimura, CEO $38.4 2000 and 2008 !Philip Morris Altria/ Japan Tobacco International $2.0 International Philip Morris USA $2.4 revenue $24.4 $30b $35.1 billion million China National British American Japan Tobacco Imperial profit $3.9 Profit equals net earnings Tobacco Corporation Tobacco International Tobacco Nicandro Durante, CEO $3.3 British American Tobacco $10b after taxes and dividends million 32.2% OTHER 33.3% 15.5% 3.8% 11.0% 7.2% 0.8% Alison Cooper, CEO 2000 $21.6 Imperial Tobacco million Altria/ Imperial British Japan Philip China Louis Camilleri, CEO Philip Morris Tobacco American Tobacco Morris National Tobacco 19.0% OTHER 37.1% 17.4% 2.8% 12.0% 9.6% 4.9% $24.0 Philip Morris International USA Tobacco International International Corporation 2008 million Michael Szymanczyk, CEO Totals might not sum due to rounding. Altria/Philip Morris USA .
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