Abbott Laboratories. IU Presentation September 2005 2Company Confidential © 2005 Abbott Abbott...

Abbott Laboratories

IU PresentationSeptember 2005

2 Company Confidential© 2005 Abbott

Abbott Laboratories

Introduction

Abbott Overview

Financial Professional Development Program (FPDP)

Question and Answer



Abbott At a Glance

Headquartered in Northern suburbs of Chicago

A diversified healthcare company that discovers, develops, manufactures and markets innovative products and services spanning the continuum of healthcare – from prevention and diagnosis to treatment and cure.



Abbott At a Glance Focused on advancing patient care by

developing innovative solutions in:

Pharmaceuticals

Nutritionals

Medical Devices

Diagnostics



Abbott At a Glance

Large company with ample opportunities for employees:

60,000 employees worldwide

Facilities in 130 countries

Over 30% of sales are outside US



Abbott At a Glance

Widely recognized as a top-tier company:

Fortune Magazine

#100 on Fortune 500 List

Top 50 Companies for Minorities

Top 3 Admired Pharmaceutical Companies

Working Mother Magazine

Top 100 Best Employers



Abbott At a Glance

Outstanding financial results:

2004 Sales - $ 19.7 Billion

$28.8 Billion in Assets

2004 Net Earnings - $ 3.3 Billion

Earnings Per Share Growth of almost 8% over 10 year period

324 consecutive quarterly dividends since 1924

32 straight years of increasing dividends



Abbott Strategy

‘Our focus is on breakthrough medical science – innovative technology that will change the way patients are treated, and as a result – change their lives.’

Miles White, CEO



Abbott Strategy

Strong internal research and development

Market expansion

External collaborations

Targeted strategic acquisitions



Abbott Strategy

A promising product pipeline:

Several oncology (cancer) product lines

Drug eluded stents

Pain management

Crohn’s disease, psoriasis



FPDP Program

What is it?

Two year rotational program

In FP&A, Commercial, Cost or Financial Reporting

At either the Corporate, Divisional, or Operations level



FPDP Program

MISSION – To develop

Fundamental Finance/Accounting Skills

Working knowledge of various Abbott divisions and operating environments

Successful future managers

Prepared for a variety of positions



FPDP Mentoring Opportunities

Program Manager

Typically Division V.P., Controller, or Director level

Provides ongoing guidance/counseling with frequent 1-1 interaction

Helps select rotations based on individual interest

Provides placement assistance upon program graduation



FPDP Mentoring Opportunities

Assignment Manager

Day-to-Day Manager

Provide on-the-job training

Provide formal evaluation and recommendations for improvements

Senior FPDP

Help create smooth transition from college

Creates a big brother/sister relationship



Strengths of FPDP Program

Cross Functional Relationships

Engineering, Marketing, HR and Sales

Networking

Mentoring Program

Quarterly sessions with key Finance/Accounting Executives and Division Controllers



Strengths of FPDP Program

Required Training Classes

Off-Site Assignments

Domestic – Ohio, California

International – Germany, Puerto Rico



Personal Development

Broad Range of Seminars

In-house Finance University

Tuition Reimbursement



Personal Development

Technical Non-Technical General Accounting Teamwork

Financial Analysis Communication

Budgeting Leadership

Forecasting Analytical Skills

Financial Planning Creativity

Cost Accounting Project Management



Other Abbott Opportunities

Company-Sponsored Events Cubs/Brewers games Golf outings Boat cruises

Abbott Sports Leagues Basketball, volleyball, golf, etc.

Community Volunteer Programs



Developing Future Managers

General Accounting

Cost / Manufacturing

Accounting

Financial Planning &

Analysis Tax Accounting International Accounting Corporate Consolidations Corporate Reporting

Risk Management Information Systems Standards Setting

Capital Investment Analysis Mergers & Acquisitions



Where are they now?

FPDPGraduates

Tom CarneyController, AI Nutritionals

1992

Rob MichaelCommercial Controller

PPD 1995

Jeff Barton Business Development

Director MPG1992

Kevin DolanVice President & Controller, PPD

1981

Bill ChaseVice President & Controller, AI

1991

Stafford O'KellyVice President

Latin America & Canada 1985

John PoulosDiv. VP

Licensing & Acquisitions AI

1980



FPDP Selection Criteria

Technical Skills

Leadership Skills

Interpersonal Skills

Organizational and Planning Skills

Interest in a progressive career with a highly successful International Healthcare Company



Abbott & FPDP – Summary

Strong Financial Performance and Opportunity for Career Growth

Variety of Assignments & Future Opportunities

Exposure to Upper Management

Diverse and Growing Industry with Global Presence

Rewarding – Products that enhance and save lives



Test………….

Were you awake?????



Abbott’s Sales in 2004 were?

A. $40.2 Billion

B. $6.9 Billion

C. $19.7 Billion

D. $200 Million



Which Product is NOT Made or Sold by Abbott?

A. Biaxin

B. Humira

C. Health Source Soy Bars

D. Kaletra

E. Similac



Who will Win the Big 10 Football Title in 2005?

A. Indiana University

B. Purdue

C. Northwestern

D. Michigan

hey…..you gotta keep the faith…….

Abbott Laboratories

THANK YOU

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