Universal Leaf Tobacco Company Presentation
Segment Revenues and Operating Income
(By Fiscal Year)
Millions of Dollars
$3,000
Rapid increase in farmer
leaf prices
$2,500
and weakening USD
Record
Results
$2,000
$1,500
$1,000
Large
carryover
crop sales
Lower
$500
carryover
crop sales
$400
Market
Oversupply
Conditions
Continued logistical
challenges stemming
from COVID-19
pandemic
$300
$200
$500
Large, poor quality
Brazilian crop
Unfavorable FX
$100
Volatile Brazilian
Markets and Weak
Emerging Market
Currencies
remeasurement
comparison (COVID-19
Pandemic)
$0
$0
2005 2006
2007
2008
2009
2010 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022 2023
Revenues
Segment Operating IncomeĀ¹
Millions of Dollars
1
3 years rolling avg. for Segment Operating Income
Segment operating income includes equity in pretax earnings of unconsolidated affiliates and excludes restructuring and impairment charges and certain non-operating
items as presented in our audited financial statements. Total segment operating income is a non-GAAP measure. See Appendix.
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