Investor Presentaiton

Cash and Cash Equivalents Consolidated Financial Results (CZK billion) 7.1 PHILIP MORRIS ČR 3.2 (0.6) (3.5) (1.1) Prior years accumulated retained earnings payout (2.4) 2010 net income payout (0.4) 0.1 0.1 5.9 2010 Profit before Taxes Dividends tax Change in Working Capital (CR) Change in Working Capital (SR) Other 2011 Decrease of CZK 1.2 billion mainly driven by the one-off payment of prior years' retained earnings Source: Philip Morris ČR a.s. financials © 2012 Philip Morris ČR a.s. 13

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