Abbott Laboratories Abbott Laboratories Introduction Abbott Overview Financial
Abbott Laboratories
Abbott Laboratories § Introduction § Abbott Overview § Financial Professional Development Program (FPDP) § Question and Answer IU Presentation September 2005 Company Confidential © 2005 Abbott 2
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 2005 Company Confidential © 2005 Abbott 3
Abbott At a Glance § Focused on advancing patient care by developing innovative solutions in: § Pharmaceuticals § Nutritionals § Medical Devices § Diagnostics IU Presentation September 2005 Company Confidential © 2005 Abbott 4
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 2005 Company Confidential © 2005 Abbott 5
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 2005 Company Confidential © 2005 Abbott 6
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 2005 Company Confidential © 2005 Abbott 7
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 2005 Company Confidential © 2005 Abbott 8
Abbott Strategy § Strong internal research and development § Market expansion § External collaborations § Targeted strategic acquisitions IU Presentation September 2005 Company Confidential © 2005 Abbott 9
Abbott Strategy § A promising product pipeline: § Several oncology (cancer) product lines § Drug eluded stents § Pain management § Crohn’s disease, psoriasis IU Presentation September 2005 Company Confidential © 2005 Abbott 10
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 2005 Company Confidential © 2005 Abbott 11
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 2005 Company Confidential © 2005 Abbott 12
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 2005 Company Confidential © 2005 Abbott 13
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 2005 Company Confidential © 2005 Abbott 14
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 2005 Company Confidential © 2005 Abbott 15
Strengths of FPDP Program § Required Training Classes § Off-Site Assignments § Domestic – Ohio, California § International – Germany, Puerto Rico IU Presentation September 2005 Company Confidential © 2005 Abbott 16
Personal Development § Broad Range of Seminars § In-house Finance University § Tuition Reimbursement IU Presentation September 2005 Company Confidential © 2005 Abbott 17
Personal Development Technical Non-Technical General Accounting Teamwork Financial Analysis Communication Budgeting Leadership Forecasting Analytical Skills Financial Planning Creativity Cost Accounting Project Management IU Presentation September 2005 Company Confidential © 2005 Abbott 18
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 2005 Company Confidential © 2005 Abbott 19
Developing Future Managers General Accounting Cost / Manufacturing Accounting § Tax Accounting § Risk Management § International Accounting § Information Systems § Corporate Consolidations § Standards Setting § Corporate Reporting IU Presentation September 2005 Company Confidential © 2005 Abbott 20 Financial Planning & Analysis § Capital Investment Analysis § Mergers & Acquisitions
Where are they now? John Poulos Div. VP Licensing & Acquisitions AI 1980 Rob Michael Commercial Controller PPD 1995 FPDP Graduates Tom Carney Controller, AI Nutritionals 1992 Vice President & Controller, PPD 1981 Stafford O'Kelly Vice President Latin America & Canada 1985 Jeff Barton Bill Chase Business Development Director MPG 1992 Vice President & Controller, AI 1991 IU Presentation September 2005 Kevin Dolan Company Confidential © 2005 Abbott 21
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 2005 Company Confidential © 2005 Abbott 22
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 2005 Company Confidential © 2005 Abbott 23
Test…………. Were you awake? ? ? IU Presentation September 2005 Company Confidential © 2005 Abbott 24
Abbott’s Sales in 2004 were? A. $40. 2 Billion B. $6. 9 Billion C. $19. 7 Billion D. $200 Million IU Presentation September 2005 Company Confidential © 2005 Abbott 25
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 2005 Company Confidential © 2005 Abbott 26
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……. IU Presentation September 2005 Company Confidential © 2005 Abbott 27
Abbott Laboratories • THANK YOU
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