James Crawford Midwest Regional Recruiter-Brad LeightyDistrict Manager-Alta Division 2 Objectives for Today Define Sales opportunities at Pfizer Relay information on our company and it’s divisions Talk with you about opportunities to research our industry Talk to you about the pros and cons of a position as a Healthcare Representative 3 Welcome to Pfizer We are the world’s leading healthcare company with: A 155-year history originating in Brooklyn, NY A market capitalization ranked 4th worldwide Over $45 billion in annual sales in over 150 countries 122,000 colleagues worldwide The largest R&D budget in the world at nearly $8 billion 4 What Are Pfizer's Aspirations? “We have before us the opportunity to become an enduring leader, contributing more to human health than any company in history.” Hank McKinnell Chairman of the Board Chief Executive Officer, Pfizer Inc 5 Our Vision “Life is our life’s work” Our Purpose We dedicate ourselves to humanity’s quest for longer, healthier, happier lives through innovation in pharmaceutical, consumer, and animal health products. Our Mission We will become the world’s most valued company to patients, customers, colleagues, investors, business partners, and the communities where we work and live. 6 Connected by a Vision Our Values Our Leader Behaviors Sustain Focus on Performance Leadership Innovation Performance Create an Inclusive Environment Respect for People Teamwork Customer Focus Encourage Open Discussion and Debate Manage Change Community Develop People Integrity Quality Align Across Pfizer 7 We’re on a Mission… With an unrelenting focus on being the “Most Valued Company” We will become the world’s most valued company to patients, customers, colleagues, investors, business partners, and the communities where we live and work 8 Most Valued to Our Patients Central Nervous System Ophthalmology Cardiovascular Respiratory Infectious Disease/HIV Diabetes Endocrinology Oncology Pain/Inflammation Urogenital/Gyn. 9 Most Valued to Our Customers Most admired field force among physicians Most effective field force according to peers Most credible company according to physicians Most esteemed company among nurse practitioners and physician assistants Best value-added programs for long-term care facilities and physician groups Strongest commitment to R&D and best educational materials according to physicians Best case management system, Pfizer Health Solutions 10 Most Valued by Our Peers and Industry “One of the Top 50 Companies in America” “One of the World’s Best Companies for Leaders” “One of the Top 50 Diversity Employers ” “100 Best Companies to Work For in America” “America’s Most Admired Pharmaceutical Company” “#2 in Training and Developing Employees” “One of top 25 employers for MBAs” 11 Most Valued to Our Investors Total Returns 900 800 U.S. Dollars 700 600 500 Pfizer 400 300 200 Peer Group S&P 500 100 0 12 Most Valued to Our Communities “One of the world’s most generous companies” Community Focus Programs U.S. Assistance Sharing the Care Health Literacy Initiative Connection to Care Science Education Initiative Pfizer Pfriends™ Pfizer Global Fellows Program Global Programs Worldwide Disaster Relief Diflucan Partnership Program Local Citizenship – Community Programs International Trachoma Initiative United Way Pfizer Health Fellows 13 Why Choose Pfizer? Over a Decade of Growth Ranked by Brand Name Pharmaceutical Sales (Rx Only) 1993 2004 YTD * Glaxo Wellcome 1. 1. Pfizer Novartis 2. 2. Glaxo SmithKline Hoechst 3. 3. Merck Merck 4. 4. Johnson & Johnson Bristol-Myers Squibb 5. 5. Novartis American Home 6. 6. AstraZeneca Roche 7. 7. Aventis SmithKline Beecham 8. 8. Bristol-Myers Squibb Johnson & Johnson 9. 9. Roche Pfizer 10. 10. Abbott Source: *IMS MAT 1Q2004; incorp PHA; Rx-only sales plus co-promote share, excl OTCs and nutritionala 15 An Industry with Continued Growth Potential Worldwide Pharmaceutical Expenditures ($ Billions) 7% CAGR 10% CAGR $518 $333 $295 1997 $357 $390 $425 $571 $627 $691 $492 $305 1998 1999 2000 2001 2002 2003E 2004E 2005E 2006E 2007E Source: IMS, 2004 World Review 16 Pfizer Business Lines $24 Billion Pharmaceuticals Animal Health in 2004 YTD Revenues * #1 in global pharmaceutical sales 9 brands each with over $1 billion in annual worldwide sales 88% #1 in Animal Health sales 6 brands over $75 million 7% 5% Consumer Health Care #2 in Consumer Health Care sales 10 brands with over $100 million annual sales * Per 2Q2004 Pfizer earnings release 17 Highly Sophisticated Business Model Long-Term Career Opportunities for MBAs Drug Discovery &Development Screening Advanced Clinical Trials Preclinical Pharmacology Millions of compounds screened Drug Registration & Launch Preparation New Product Launch compounds evaluated 5 enter clinical trials Strategic Planning & Customer Management …only 3 in 10 marketed drugs ever recoup their R&D costs Clinical Pharmacology & Safety Preclinical Safety 5000 Marketing, Sales, Planning & Finance 1 is approved 12-15 years and $800M+ to bring 1 product to market [within a 20 year patent life] 18 A Career at Pfizer What is Your Career Path? Healthcare Services: Physician and Patient Policy Setting Marketing Global Reach Pharmaceutical Industry Technology Finance Science & Medicine 20 Pfizer’s Organizational Structure Pfizer, Inc. Pfizer, Inc. Corporate Finance Corporate Pfizer Global Pharmaceuticals Pfizer Global (PGP) Pharmaceuticals (PGP) • Global human pharmaceuticals PGP Finance Market Analytics Business Tech • Consumer healthcare (over-the-counter products) PCH Marketing Pfizer Global Research and Development (PGRD) Pfizer Animal Health (PAH) Pfizer Consumer Healthcare (PCH) • Products for companion animals and livestock • Global human and animal health research and development Pfizer Global Manufacturing (PGM) • Worldwide network of manufacturing and supply organizations PGRD Finance Divisions with typical MBA hiring PGP Marketing Sales 21 PGP PGP Sales 22 Typical Career Path- Sales Primary Care Healthcare Representative-PHR Institutional healthcare Representative-IHR Assistant to the Regional Manager-ARM District Manager Alternate Route-Training Manager Success in Sales leads to promotional opportunities throughout Pfizer (DMT, Corporate Affairs, etc.) 23 A Look at Our Culture A work environment that: Is employee-oriented Values innovation, creativity and diversity Promotes an open-door policy and a supportive atmosphere Encourages teamwork Fosters respect for people Is comprised of dedicated, passionate individuals Provides both formal and onthe-job training 24