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

Abbott LaboratoriesAt a Glance

57,000 Employees Fortune 500 Ranking

135 in Revenues 35 in Profits 28 for Minorities

Industry Week 100 Best Managed Companies

Newsweek Top 10 Internship Programs

Abbott LaboratoriesSales Growth

$0

$2

$4

$6

$8

$10

$12

$14

88 89 90 91 92 93 94 95 96 97 98 99

Net Sales in $Billion

Abbott Laboratories Product Line

Industry Products

Pharmaceuticals Biaxin, Norvir, Prevacid,Survanta, Flomax, Depakote

Nutritional Ensure, Similac, Pedialyte

Diagnostics AxSYM, Architech, TestPack

Hospital Products Anesthetics, Drug DeliverySystems, Injectable Drugs

Abbott LaboratoriesFinancial Training Program

Two year program 5 or 6 full-time assignments

Real work experience Important to operation of business

Hands-on experience At either corporate, division, or operating

levels In either FP&A, cost, or reporting

Structured Mentorship

Pharma

Diagnostics

Hospital Products

Nutritionals

International

ChemicalO

perating

Division

al

Corp

orate

Abbott LaboratoriesFinancial Training Program

Caleb Hart

FPDP Graduate

Strengths of FPDP Program

Cross Functional Exposure

(Non-Finance)

Off-Site Assignments Domestic

International

Cross Functional Exposure(Non- Finance)

Engineering, Marketing & Sales

Improved Analytical Skills

Off- Site AssignmentsDomestic

Los Angeles

Boston

Columbus

Dallas

International Finance

Cultural Experience

Off- Site AssignmentsInternational

Graduation Opportunities Location: Domestic / International Divisions: Pharma, Diagnostics,

Corporate… Choice of discipline:

General Accounting Cost Accounting Financial Planning & Analysis Treasury

Where are they now?Kevin DolanController

TAP Pharmaceuticals 1981

Stafford O'KellyController, RPD Pharmaceuticals

1985

Lori CarlsonTreasurer

International1983 John McGuire

ControllerAustin, TX Plant

HPD 1983

Cathy HamiltonController, Lake

County OperationADD 1986

1980sFPDP

GraduatesTom Lockowitz

Director Product Enhancement

HPD 1980

Lori ReedController Div.

FinancialPlanning & Analysis

ADD 1987

Kathryn Bloomer

Current FPDP

Abbott “Fringe” Benefits

Cubs games Abbott sports leagues FPDP events:

Local brewery Picnic Golf Outing

Mission of FPDP Program

To Develop: fundamental financial skills knowledge of Abbott divisions and

operating areas superior contributors future financial managers trained for a

variety of positions

FPDP Assignments

Types of assignments: 45% FP&A 43% Cost Accounting 12% General Accounting

cost

pharma

international

Mentoring

Program Manager Division V.P. or

Controller Level More than 10 years

at Abbott Assignment

Manager FPDP Mentor

Abbott Growth Strategy

Strategic Growth

Internal Investment

Collaborations

Targeted Acquisitions

Internal Investment

0

200

400

600

800

1000

1200

1400

'88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98

R&D

$Million

Internal Investment - The Payoff

$0

$500

$1,000

$1,500

$2,000

$2,500

88 89 90 91 92 93 94 95 96 97 98

Net Income in $Million

Biaxin

AxSYM ArchitectNorvir

SurvantaSevoflurane

IMx

Hytrin

Major Abbott Collaborations

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

Acquisitions

Sequoia-Turner - 1991 MediSense - 1996 ($900MM) Murex - 1998 ($234MM) Perclose - 1999 ($680MM)

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