Abbott Laboratories

IU Presentation September Company Confidential © 2005 Abbott Abbott Laboratories  Introduction  Abbott Overview  Financial Professional Development Program (FPDP)  Question and Answer

IU Presentation September 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 Presentation September Company Confidential © 2005 Abbott Abbott At a Glance  Focused on advancing patient care by developing innovative solutions in:  Pharmaceuticals  Nutritionals  Medical Devices  Diagnostics

IU Presentation September Company Confidential © 2005 Abbott 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 Presentation September 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 Presentation September Company Confidential © 2005 Abbott 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 Presentation September Company Confidential © 2005 Abbott 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 Presentation September Company Confidential © 2005 Abbott Abbott Strategy  Strong internal research and development  Market expansion  External collaborations  Targeted strategic acquisitions

IU Presentation September Company Confidential © 2005 Abbott Abbott Strategy  A promising product pipeline:  Several oncology (cancer) product lines  Drug eluded stents  Pain management  Crohn’s disease, psoriasis

IU Presentation September Company Confidential © 2005 Abbott 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 Presentation September Company Confidential © 2005 Abbott 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 Presentation September Company Confidential © 2005 Abbott 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 Presentation September Company Confidential © 2005 Abbott 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 Presentation September Company Confidential © 2005 Abbott 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 Presentation September Company Confidential © 2005 Abbott Strengths of FPDP Program  Required Training Classes  Off-Site Assignments  Domestic – Ohio, California  International – Germany, Puerto Rico

IU Presentation September Company Confidential © 2005 Abbott Personal Development  Broad Range of Seminars  In-house Finance University  Tuition Reimbursement

IU Presentation September Company Confidential © 2005 Abbott Personal Development TechnicalNon-Technical General Accounting Teamwork Financial Analysis Communication Budgeting Leadership Forecasting Analytical Skills Financial Planning Creativity Cost Accounting Project Management

IU Presentation September Company Confidential © 2005 Abbott Other Abbott Opportunities  Company-Sponsored Events  Cubs/Brewers games  Golf outings  Boat cruises  Abbott Sports Leagues  Basketball, volleyball, golf, etc.  Community Volunteer Programs

IU Presentation September 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 Presentation September Company Confidential © 2005 Abbott Where are they now? FPDP Graduates Tom Carney Controller, AI Nutritionals 1992 Rob Michael Commercial Controller PPD 1995 Jeff Barton Business Development Director MPG 1992 Kevin Dolan Vice President & Controller, PPD 1981 Bill Chase Vice President & Controller, AI 1991 Stafford O'Kelly Vice President Latin America & Canada 1985 John Poulos Div. VP Licensing & Acquisitions AI 1980

IU Presentation September Company Confidential © 2005 Abbott 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 Presentation September 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 Presentation September Company Confidential © 2005 Abbott Test…………. Were you awake?????

IU Presentation September Company Confidential © 2005 Abbott Abbott’s Sales in 2004 were? A. $40.2 Billion B. $6.9 Billion C. $19.7 Billion D. $200 Million

IU Presentation September Company Confidential © 2005 Abbott Which Product is NOT Made or Sold by Abbott? A. Biaxin B. Humira C. Health Source Soy Bars D. Kaletra E. Similac

IU Presentation September 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…….

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