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

IU PresentationSeptember 2005

3 Company Confidential© 2005 Abbott

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.

IU PresentationSeptember 2005

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Abbott At a Glance Focused on advancing patient care by

developing innovative solutions in:

Pharmaceuticals

Nutritionals

Medical Devices

Diagnostics

IU PresentationSeptember 2005

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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

IU PresentationSeptember 2005

6 Company Confidential© 2005 Abbott

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

IU PresentationSeptember 2005

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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

IU PresentationSeptember 2005

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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

IU PresentationSeptember 2005

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Abbott Strategy

Strong internal research and development

Market expansion

External collaborations

Targeted strategic acquisitions

IU PresentationSeptember 2005

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Abbott Strategy

A promising product pipeline:

Several oncology (cancer) product lines

Drug eluded stents

Pain management

Crohn’s disease, psoriasis

IU PresentationSeptember 2005

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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

IU PresentationSeptember 2005

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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

IU PresentationSeptember 2005

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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

IU PresentationSeptember 2005

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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

IU PresentationSeptember 2005

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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

IU PresentationSeptember 2005

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Strengths of FPDP Program

Required Training Classes

Off-Site Assignments

Domestic – Ohio, California

International – Germany, Puerto Rico

IU PresentationSeptember 2005

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Personal Development

Broad Range of Seminars

In-house Finance University

Tuition Reimbursement

IU PresentationSeptember 2005

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Personal Development

Technical Non-Technical General Accounting Teamwork

Financial Analysis Communication

Budgeting Leadership

Forecasting Analytical Skills

Financial Planning Creativity

Cost Accounting Project Management

IU PresentationSeptember 2005

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Other Abbott Opportunities

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

Abbott Sports Leagues Basketball, volleyball, golf, etc.

Community Volunteer Programs

IU PresentationSeptember 2005

20 Company Confidential© 2005 Abbott

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

IU PresentationSeptember 2005

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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

IU PresentationSeptember 2005

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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

IU PresentationSeptember 2005

23 Company Confidential© 2005 Abbott

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

IU PresentationSeptember 2005

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Test………….

Were you awake?????

IU PresentationSeptember 2005

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Abbott’s Sales in 2004 were?

A. $40.2 Billion

B. $6.9 Billion

C. $19.7 Billion

D. $200 Million

IU PresentationSeptember 2005

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Which Product is NOT Made or Sold by Abbott?

A. Biaxin

B. Humira

C. Health Source Soy Bars

D. Kaletra

E. Similac

IU PresentationSeptember 2005

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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