Abbott Labs

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

Introduction

Jeff Barton IU Graduate, 1990 – Accounting Current – Director, Business Development

Financial Planning & Analysis Kristin Kwiatkowski

IU Graduate, 2001 – Finance & Ops Mgmt Abbott Intern, 2000 – Global Pharmaceutical

Research & Development Current – FPDP, TAP Pharmaceuticals, Inc.

supporting commercial operations.

Abbott LaboratoriesAt a Glance

Over 70,000 Employees Located in 130 Foreign Countries Fortune 500 Ranking

123 in Revenues 49 in Profits 35 for Minorities 27 in Market Value

Industry Week 100 Best Managed Companies

Top 10 Employee Benefits Package Newsweek Top 10 Internship

Programs

Abbott LaboratoriesAt a Glance

$16.3 Billion in Sales (2001) 62% domestic 38% international $23.3 Billion total assets 11.4 % E.P.S. compound

growth – last 10 years

Abbott Laboratories

SpecialtyProducts Division

AbbottHealthSystems

Division

RossProducts Division

AbbottInternational

PharmaceuticalProducts Division

AbbottDiagnostics

Division

TAPPharmaceuticals

HospitalProducts Division

Major Business Components PHARMACEUTICALS

Biaxin, Depakote, Norvir, Flomax, Kaletra, Lupron, Prevacid, Synagis TriCor

DIAGNOSTICS Assays (AIDS, hepatitis,cancer, thyroid,

fertility, Clinical Chemistry, Hematology, etc.)& instruments (e.g, AxSYM)

Glucose monitoring HOSPITAL PRODUCTS

Anesthetics, delivery systems, injectablesgenerics, IV solutions, imaging, blood vesselsurgical closure devices

NUTRITIONALS Similac, Isomil, Ensure, Glucerna, Pedialyte

Financial Professional Development Program (FPDP)

MISSION - To develop Financial skills Knowledge of Abbott divisions and

operating environments Superior contributors Future leaders

prepared for a variety of positions not trained for a specific discipline

Financial Professional Development Program (FPDP)

WHAT IS IT? Two year program 5 or 6 full-time assignments/4 to 6

months long Real contributor roles Important to operation of business

Hands-on experience At either corporate, division, or operating levels In either FP&A, cost, or reporting

Structured Mentorship

Financial Professional Development Program (FPDP)

Network Structure

Traditional Rotational

(FPDP) Network Example

HomecareFP&A

Europe AreaFP&A

DiagnosticCost Accounting

ChemicalCost Accounting

RossFP&A

CorporateAccounting

Diagnostic Cost AnalystPuerto Rico

S. Pasadena, Plant Controller

FP&A Mgr, Pharma R&D

Asst. Division Controller, Pharma

Controller, ChemicalCommercial Operations

Finance Director, The Netherlands

Finance Director, Business Development

Program Manager Division V.P. or Controller Level Mentor for 1 or 2 trainees Ongoing guidance/counseling on progress and

performance Selection of appropriate training assignments Provides placement assistant upon program completion

Assignment Manager Day to day management Training on specific skills Exposure/Networking opportunities within division Formal evaluation by assignment manager/ trainee

makes recommendations for improvement

Financial Training Program

Strengths of FPDP Program

Cross Functional Exposure

(Non-Finance)

Off-Site Assignments Domestic

International

Pharma

Diagnostics

Hospital Products

Nutritionals

International

ChemicalO

perating

Division

al

Corp

orate

Finance Training Program: Assignments

Reportin

g

Cost

FP&A

Off- Site AssignmentsDomestic

Los Angeles

Boston

Columbus

Dallas

Redwood City,CA

Recent Off- Site Assignments

International Germany

Financial Planning & Analysis Cost Accounting

Puerto Rico Cost Accounting

United Kingdom Financial Planning & Analysis

Personal Development

Workshops Time Management, Presentation

Skills, Total Quality Management

CPA/CMA Review Courses Exposure

To Senior Management Across Divisions

Graduation Opportunities

Location: Domestic / International

Divisions: Pharma, Diagnostics, Hospital Products, Corporate…

Choice of Discipline: General Accounting/Reporting Manufacturing Accounting Financial Planning & Analysis Treasury

Developing Future Financial Leaders

Capital Investment Analysis

Treasury Ops.

Risk ManagementTax Accounting

General Accounting

Consolidations & Reporting

Cost/ Manufacturing

Accounting

Financial Budgeting, Planning &

Analysis

International Accounting

Information Systems

Acquisitions and Mergers

Where are they now?Kevin DolanController

TAP Pharmaceuticals 1981

Stafford O'KellyController, AI

1985

John PoulosDir, Licensing &

AcquisitionsAI 1980

FPDPGraduates

Jenny DartMgr Portfolio Analysis

PPD 1993

Bill ChaseArea Finance Director

AI 1991

Cathy HamiltonAssistant Controller

HPD 1986

Lori CarlsonTreasurer

International1983

Abbott “Fringe” Benefits

FPDP Events: Game Works Golf Outings Cub Games

Abbott Sports Leagues

On-site Recreation Facility

Abbott & Work Life Solutions Our future success is directly related to the quality/dedication of out employees

Child care center Clara Abbott Foundation – Family

crisis, natural disasters, medical crisis, educational grants

Flexible work arrangement Recreational and sports activities Wellness Programs – Stress

management, nutrition, on site heath screening

Abbott’s Sales in 2001 were?

A. 40.2 Billion B. 13.7 Billion C. 20.6 Million D. 300.7 Million

Which Location Does NOT Have a FPDP Assignment?

A. West Lafayette, IN B. Dallas, TX C. Columbus, OH D. Boston, MA