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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Test………….
Were you awake?????
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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
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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
27 Company Confidential© 2005 Abbott
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