ABBOTT LABORATORIES
W W W . A B B O T T . C O M
Abbott Laboratories
Indiana University
Introduction
Abbott Overview
Financial Professional Development
Program (FPDP)
Question and Answer
Abbott Laboratories At
a Glance
 Headquartered in North Chicago, Illinois – a
suburban community approximately 30 miles
from Chicago.
 A diversified healthcare company that
discovers, develops, and manufactures and
markets innovative products and services that
span the continuum of care – from prevention
and diagnosis to treatment and cure.
Abbott Laboratories
At a Glance
72,000 Employees in more than 130
Countries
 Fortune 500 Ranking
 100 in Revenues
 29 for Minorities
 One of the “Most Admired
Companies” every year since 1984.
 48th among the Top 500 American
Companies – Forbes Magazine
 Five Star Ratings in all categories of

Princeton Review’s America’s Top Internships

Number 3 on Best Company Benefits
List – Money Magazine
 Top 10 Companies for Working
Mothers – Working Mothers Magazine
Abbott Laboratories
At a Glance
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$19.7 Billion in Sales (2002)
61% Domestic
39% International
$26.7 Billion total assets
7.7 % E.P.S. compound
growth – last 10 years
Abbott Laboratories
In August 2003, Abbott announced that it
would spin off as a separate company its
hospital products business. The new
company will have sales of $2.4 billion. Spin
off will allow the company to more
aggressively focus on the development and
sale of products for the hospital market.
Completion of the spin off was April 2004.
The new company is Hospira.
Health Care Industry
Long-Term Business Trends

OPPORTUNITIES
 Aging Population
 Higher Discretionary
Incomes
 Scientific
Discoveries
 “Quality of Life” Demand

RISKS
 Price
Controls
 Regulatory Requirements
 Drug Development Costs
Abbott Laboratories
Sales Growth
$20
$18
$16
$14
$12
$10
$8
$6
$4
$2
$0
Compound Growth Rate 8.9%
93
94
95
96
97
98
99 '00 '01 '02 '03
Net Sales in $Billion
Abbott Laboratories
Earnings Per Share – Basic
$2.00
$1.80
$1.60
$1.40
$1.20
$1.00
$0.80
$0.60
$0.40
$0.20
$0.00
Compound Growth Rate 7.7%
93
94
95
96
97
98
99
($/Share)
'00
'01
'02
'03
Abbott Laboratories
R&D Spending
$1,800
$1,600
$1,400
$1,200
$1,000
$800
$600
$400
$200
$0
Compound Growth Rate 7.0%
93
94
95
96
97
98
99
'00 '01 '02 '03
Spending in Millions
Abbott Laboratories
Stock Price
60
50
Compounded Growth 12.1%
40
30
20
10
0
93 94 95 96 97 98 99 '00 '01 '02 '03
$/Share
Abbott Strategy
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Internal Research and Development
Market Expansion
External Collaborations
Acquisitions
Abbott Laboratories
Pharma Product Group
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Pharmaceutical
Products Division
Abbott International
Global
Pharmaceutical
Research &
Development
Global
Pharmaceutical
Operations
TAP
Medical Products Group
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Abbott Diagnostics
i-STAT Point of Care
Abbott Diabetes Care
Abbott Molecular
Diagnostics
Ross Products
Spinal Concepts
Abbott Vascular
Devices
Animal Health
Pharmaceutical Products
AIDS/Anti-Viral
 Norvir – Protease inhibitor - HIV
 Kaletra – Protease inhibitor – HIV
Anesthetics
 Ultane – inhalation anesthetic
Anti-Infective
 Biaxin – Macrolide – respiratory infection
 Omnicef – oral cephalosporin – bronchitis, ear
infection
Cardiovascular
 Tricor – cholesterol and triglyceride reducing
agent
Pharmaceutical Products
Gastrointestinal
 Prevacid – TAP – gastroesophegeal reflux
(GERD)
Immunology
 Humira – rheumatoid arthritis
 Gengraf – organ transplant immunosuppressive
therapy
Metabolic Disease
 Meridia – obesity management
 Synthroid – treatment of hypothyroidism
Neuroscience and Pain Management
 Depakote – anitepileptic, bipolar disorder,
migraines
Pharmaceutical Products
Pediatric and Specialty Pharmaceuticals
 Survanta – premature newborn respiratory
distress syndrome
 Synagis – Monoclonal antibody for treatment
of respiratory sy infection (RSV)
Renal Disease
 Zemplar – secondary hyperarathyroidism
Urology / Reproductive Health
 Flomax – Alpha blocker – BPH
 Hytrin – alpha blocker – BPH
 Lupron – synthetic hormone – prostate cancer,
endometriosis
Medical Products
Diabetes Care
 Blood glucose monitoring through TheraSense and
MediSense Products
Hematology
 Cell-Dyn line of automated hematology analysis
Immunoassay and Clinical Chemistry
 PRISM – high volume analyzers screening donated
blood for multiple viral infections
 Aeroset / C8000 – High and medium volume
clinical chemistry analyzers
 Architect – modular immunoassay analyzers
 AxSym – automated immunoassay analyzer with
continuous access and STAT capabilities
Medical Products
Molecular Diagnostics
 Path Vysion HER-2 – DNA test detecting HER-2 / neu
gene in breast cancer patients
 UroVysion – DNA test for monitoring recurrence of
bladder cancer
 Viro Seq HIV-1 – Genotyping System for
identification of drug resistant HIV-1 mutations
Nutritional Products
 Adult Nutritionals
 Ensure – Balance & Nutrition
 Glucerna – Diabetes
 Jevity – Tube Feeding
 Prosure – Weight gain in cancer patients
 Zone Perfect – Portable nutritional products
Medical Products
Pediatrics Nutritionals
 Similac – Infant formula
 Gain and Grow – follow-on formulas for age 6
months to 7 years
 Isomil – Soy based infant formula
 PediaSure – Balanced nutritional formula for ages
1 to 10 years.
 Pedialyte – Oral electrolyte maintenance solution
for quick fluid replacement
Abbott Vascular Devices
 Portfolio of coronary and endovascular
technologies, vessel closure devices and
pharmaceuticals used in the treatment of
cardiovascular conditions.
Medical Products
Spinal Concepts
 Unique product portfolio with
technologically advanced devices for
cervical, thoracic and lumbar spine.
Animal Health
 Perioperative health care for the veterinary
market. Products include anesthetic and
wound care products; a complete line for
I.V. fluid therapy; and other veterinary
critical care products
New Product Pipeline
Launches in 2002, 2003 & 2004
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Closer S – Vessel closure
PRISM (US) – Automated blood bank
screening
Humira – Rheumatoid arthritis
Depakote ER – Once a day for Bipolar
Advance line of infant nutrition w/DHA &
ARA providing formula more consistent with
mother’s milk
Ora Quick – Rapid HIV-1 Antibody test
Dexamet – Stent system
Life Care PCE 3 Infusion system- Analgesic
device system
New Product Pipeline
Launches Anticipated
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Humira – new indications including
Crohn’s disease Psoriasis, Psoriatic
arthritis
ABT-773 – various cancer indications
ABT-578 – drug eluded stent
Vicodin-CR, Dilauded-CR – pain
management
ABT-627 (Atrusentan) – Prostate cancer
Xinlay - Oncology
Strategic Initiatives – 2003/2004
Acquisitions
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Woodside – Nausea/vomiting
Jomed N.V - Devices for treatment of heart and
surrounding arteries
Integrated Vascular Systems – Vessel closure devices
Spinal Concepts – Devices for spinal surgery
Zone Perfect Nutrition Co.
i-STAT – Point of care diagnostics
TheraSense, Inc. – Blood glucose monitoring
Alliances
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Medtronics – stent delivery systems
Artus GmGH – SARS diagnostics test
Luminex – invitro diagnostics
Financial Professional
Development Program (FPDP)

MISSION - To develop
 Financial
skills
 Knowledge of Abbott divisions and
operating environments
 Superior contributors
 Future managers
prepared for a variety of positions
 not trained for a specific discipline

Abbott Laboratories
Financial Training Program
WHAT IS IT?
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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
Mentoring
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Program Manager
 Division
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V.P. or Controller Level
Assignment Manager
Strengths of FPDP Program
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Cross Functional Exposure
(Non-Finance)
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Off-Site Assignments
 Domestic
 International
Cross Functional Exposure
(Non- Finance)
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Engineering, Marketing & Sales
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Improves Communication, Interpersonal,
Leadership and Teamwork Skills
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Increases Business Knowledge and
Opportunity to Impact Operating Decisions
Non-Technical
Development
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Teamwork
Creativity
Process Analysis
Communication/Interpersonal
Leadership
Project Management
Conceptual Ability
What Does it Train You
For
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Controllership
Financial Reporting
Strategic Planning
Line Financial Management
Business Advisor and Partner
Business Systems Development
Career Development
Courses
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Time Management
Interpersonal Communications
Business Writing
Problem Solving
Good Business Practices
Cost Accounting
Presentation Skills
Meeting Facilitation
CPA/CMA Review Courses
FPDP Assignment
Types
Cost Acct.
29%
General
Accounting
12%
FP&A
59%
Off- Site Assignments
Domestic
Boston
Redwood City
Columbus
Los
Angeles
Dallas
Off- Site Assignments
International
What experiences do you gain?
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International Finance
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Cultural Experience
Recent Non U.S. Assignments
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Germany
 Financial
Planning & Analysis
 Cost Accounting
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Ireland
 Cost Accounting

United Kingdom
 Financial

Switzerland
 Financial

Planning & Analysis
Planning & Analysis
Puerto Rico
 General Accounting

Reporting
Pakistan
 Financial
Reporting & Analysis
Abbott “Fringe” Benefits
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FPDP Events:
 Game
Keepers
 Golf Outings
 Cub Games
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Abbott Sports Leagues
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On-site Recreation Facility
Abbott & Work Life Solutions
Our future success is directly related to the quality/dedication of out employees
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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 health
screening
Graduation Opportunities
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Location: Domestic / International
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Divisions: Pharma, Diagnostics,
Hospital Products, Corporate…
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Choice of Discipline:
 General Accounting/Reporting
 Manufacturing Accounting
 Financial
 Treasury
Planning & Analysis
Developing Future Financial Managers
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
Hospira 1986
Lori Carlson
Treasurer
Hospira
1983
FPDP
Graduates
John Poulos
Div. Vice Pres.,
Licensing &
Acquisitions
AI 1980
Stafford O'Kelly
Vice President
Latin America &
Canada
1985
Jenny Dart
Mgr Portfolio Analysis
PPD 1993
Bill Chase
Controller,
AI 1991
Selection Criteria
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Technical Skills
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Leadership Skills
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Interpersonal Skills
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Organizational and Planning Skills
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Interest in Progressive Management
Career in a Highly Successful,
International Healthcare Company
Reasons for Choosing Abbott Laboratories
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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 - Abbott’s Products
Enhance or Save Lives
Abbott’s Sales in 2003 were?
A.
B.
C.
D.
40.2 Billion
19.7 Billion
20.6 Million
300.7 Million
Approximately Where is Abbott’s
Stock Trading?
A. $25
B. $45
C. $70
D. $95
Where is Abbott located?
A.
B.
C.
D.
Long Grove, IL
North Chicago, IL
Kenosha, WI
Oak Brook, IL
What Team Will Win the Big 10
Football Title in 2004?
A.
B.
C.
D.
Indiana University
Indiana University
Indiana University
Indiana University
hey…. you gotta keep the faith……