ABBOTT LABORATORIES W W W A B B

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

Introduction n Jeff Barton IU Graduate, 1990 – Accounting u Current – Director, Business Development Financial Planning & Analysis u n Kristin Kwiatkowski IU Graduate, 2001 – Finance & Ops Mgmt u Abbott Intern, 2000 – Global Pharmaceutical Research & Development u Current – FPDP, TAP Pharmaceuticals, Inc. supporting commercial operations. u

Abbott Laboratories At a Glance n n n Over 70, 000 Employees Located in 130 Foreign Countries Fortune 500 Ranking u u n n n 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 Laboratories At 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 Ross Products Division Abbott International Abbott Diagnostics Division Hospital Products Division Pharmaceutical Products Division TAP Pharmaceuticals Specialty Products Division Abbott Health. Systems Division

Major Business Components n PHARMACEUTICALS u n DIAGNOSTICS u u n Assays (AIDS, hepatitis, cancer, thyroid, fertility, Clinical Chemistry, Hematology, etc. ) & instruments (e. g, Ax. SYM) Glucose monitoring HOSPITAL PRODUCTS u n Biaxin, Depakote, Norvir, Flomax, Kaletra, Lupron, Prevacid, Synagis Tri. Cor Anesthetics, delivery systems, injectables generics, IV solutions, imaging, blood vessel surgical closure devices NUTRITIONALS u Similac, Isomil, Ensure, Glucerna, Pedialyte

Financial Professional Development Program (FPDP) n MISSION - To develop u Financial skills u Knowledge of Abbott divisions and operating environments u Superior contributors u Future leaders prepared for a variety of positions l not trained for a specific discipline l

Financial Professional Development Program (FPDP) WHAT IS IT? n n Two year program 5 or 6 full-time assignments/4 to 6 months long u Real contributor roles 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

Financial Professional Development Program (FPDP) Network Structure Traditional Rotational

(FPDP) Network Example Homecare FP&A Europe Area FP&A Diagnostic Cost Accounting Corporate Accounting Ross FP&A Chemical Cost Accounting Diagnostic Cost Analyst Puerto Rico Asst. Division Controller, Pharma S. Pasadena, Plant Controller, Chemical Commercial Operations FP&A Mgr, Pharma R&D Finance Director, The Netherlands Finance Director, Business Development

Financial Training Program n n Program Manager u Division V. P. or Controller Level u Mentor for 1 or 2 trainees u Ongoing guidance/counseling on progress and performance u Selection of appropriate training assignments u Provides placement assistant upon program completion Assignment Manager u Day to day management u Training on specific skills u Exposure/Networking opportunities within division u Formal evaluation by assignment manager/ trainee makes recommendations for improvement

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

& A Finance Training Program: Assignments FP Pharma st Diagnostics g Co Hospital Products po rt in Nutritionals Re International Chemical Corporate Divisional Operating

Off- Site Assignments Domestic Boston Redwood City, CA Columbus Los Angeles Dallas

Recent Off- Site Assignments International n Germany u u n Puerto Rico u n Financial Planning & Analysis Cost Accounting United Kingdom u Financial Planning & Analysis

Personal Development n Workshops u Time Management, Presentation Skills, Total Quality Management n CPA/CMA Review Courses n Exposure u To Senior Management u Across Divisions

Graduation Opportunities n n n Location: Domestic / International Divisions: Pharma, Diagnostics, Hospital Products, Corporate… Choice of Discipline: u General Accounting/Reporting u Manufacturing Accounting u Financial Planning & Analysis u Treasury

Developing Future Financial Leaders Capital Investment Analysis Treasury Ops. Risk Management Tax Accounting General Accounting Consolidations & Reporting Cost/ Manufacturing Accounting Financial Budgeting, Planning & Analysis International Accounting Information Systems Acquisitions and Mergers

Where are they now? Kevin Dolan Controller TAP Pharmaceuticals 1981 Cathy Hamilton Assistant Controller HPD 1986 Lori Carlson Treasurer International 1983 FPDP Graduates John Poulos Dir, Licensing & Acquisitions AI 1980 Stafford O'Kelly Controller, AI 1985 Jenny Dart Mgr Portfolio Analysis PPD 1993 Bill Chase Area Finance Director AI 1991

Abbott “Fringe” Benefits n FPDP Events: u Game Works u Golf Outings u Cub Games n Abbott Sports Leagues n On-site Recreation Facility

Abbott & Work Life Solutions Our future success is directly related to the quality/dedication of out employees n n n 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. B. C. D. 40. 2 Billion 13. 7 Billion 20. 6 Million 300. 7 Million

Which Location Does NOT Have a FPDP Assignment? A. B. C. D. West Lafayette, IN Dallas, TX Columbus, OH Boston, MA