ABBOTT LABORATORIES W W W A B B

ABBOTT LABORATORIES W W W. A B B O T T. C O M

Abbott Laboratories At a Glance n n 57, 000 Employees Fortune 500 Ranking u 135 in Revenues u 35 in Profits u 28 for Minorities Industry Week 100 Best Managed Companies Newsweek Top 10 Internship Programs

Abbott Laboratories Sales Growth

Abbott Laboratories Product Line

Abbott Laboratories Financial Training Program n n Two year program 5 or 6 full-time assignments u Real work experience u Important to operation of business Hands-on experience u At either corporate, division, or operating levels u In either FP&A, cost, or reporting Structured Mentorship

Abbott Laboratories Financial Training Program Pharma Diagnostics Hospital Products Nutritionals International Chemical Corporate Divisional Operating

Caleb Hart FPDP Graduate

Strengths of FPDP Program n n Cross Functional Exposure (Non-Finance) Off-Site Assignments u Domestic u International

Cross Functional Exposure (Non- Finance) n Engineering, Marketing & Sales n Improved Analytical Skills

Off- Site Assignments Domestic Boston Columbus Los Angeles Dallas

Off- Site Assignments International n International Finance n Cultural Experience

Graduation Opportunities n n n Location: Domestic / International Divisions: Pharma, Diagnostics, Corporate… Choice of discipline: u General Accounting u Cost Accounting u Financial Planning & Analysis u Treasury

Where are they now? Kevin Dolan Controller TAP Pharmaceuticals 1981 Cathy Hamilton Controller, Lake County Operation ADD 1986 Lori Carlson Treasurer International 1983 1980 s FPDP Graduates John Mc. Guire Controller Austin, TX Plant HPD 1983 Stafford O'Kelly Controller, RPD Pharmaceuticals 1985 Lori Reed Controller Div. Financial Planning & Analysis ADD 1987 Tom Lockowitz Director Product Enhancement HPD 1980

Kathryn Bloomer Current FPDP

Abbott “Fringe” Benefits n n n Cubs games Abbott sports leagues FPDP events: u Local brewery u Picnic u Golf Outing

Mission of FPDP Program To Develop: n fundamental financial skills n knowledge of Abbott divisions and operating areas n superior contributors n future financial managers trained for a variety of positions

FPDP Assignments n Types of assignments: u 45% FP&A u 43% Cost Accounting u 12% General Accounting cost pharma internatio nal

Mentoring n Program Manager u Division V. P. or Controller Level u More than 10 years at Abbott n n Assignment Manager FPDP Mentor

Abbott Growth Strategy

Strategic Growth n Internal Investment n Collaborations n Targeted Acquisitions

Internal Investment $Million

Internal Investment - The Payoff Ax. SYM Norvir Architect IMx Hytrin Biaxin Sevoflurane Survanta

Major Abbott Collaborations n Takeda (TAP) - 1977 Berlex - 1996 Medimune - 1997 Toshiba - 1997 I-Stat - 1998 Boehringer Ingelheim - 1999 n Triangle Pharmaceuticals - 1999 n n n

Acquisitions n Sequoia-Turner - 1991 n Medi. Sense - 1996 ($900 MM) n Murex - 1998 ($234 MM) n Perclose - 1999 ($680 MM)

ABBOTT LABORATORIES W W W. A B B O T T. C O M