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

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

2. Abbott Laboratories Indiana University • Introduction • Abbott Overview • Financial Professional Development Program (FPDP) • Question and Answer

3. 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.

4. Abbott LaboratoriesAt 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 WorkingMothers – Working Mothers Magazine

5. Abbott LaboratoriesAt a Glance • $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

6. 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.

7. Health Care IndustryLong-Term Business Trends • OPPORTUNITIES • Aging Population • Higher Discretionary Incomes • Scientific Discoveries • “Quality of Life” Demand • RISKS • Price Controls • Regulatory Requirements • Drug Development Costs

8. Abbott LaboratoriesSales Growth Compound Growth Rate 8.9%

9. Abbott LaboratoriesEarnings Per Share – Basic Compound Growth Rate 7.7% ($/Share)

10. Abbott LaboratoriesR&D Spending Compound Growth Rate 7.0% Spending in Millions

11. Abbott LaboratoriesStock Price CompoundedGrowth 12.1% $/Share

12. Abbott Strategy • Internal Research and Development • Market Expansion • External Collaborations • Acquisitions

13. Pharmaceutical Products Division Abbott International Global Pharmaceutical Research & Development Global Pharmaceutical Operations Abbott Diagnostics i-STAT Point of Care Abbott Diabetes Care Abbott Molecular Diagnostics Ross Products Spinal Concepts Abbott Vascular Devices Animal Health Abbott Laboratories Pharma Product Group Medical Products Group • TAP

14. 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

15. 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

16. 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

17. 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

18. 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

19. 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.

20. 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

21. New Product PipelineLaunches in 2002, 2003 & 2004 • 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

22. New Product PipelineLaunches Anticipated • 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

23. Strategic Initiatives – 2003/2004 Acquisitions • 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 • Medtronics – stent delivery systems • Artus GmGH – SARS diagnostics test • Luminex – invitro diagnostics

24. 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

25. Abbott LaboratoriesFinancial Training Program 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

26. Mentoring • Program Manager • Division V.P. or Controller Level • Assignment Manager

27. Strengths of FPDP Program • Cross Functional Exposure (Non-Finance) • Off-Site Assignments • Domestic • International

28. Cross Functional Exposure(Non- Finance) • Engineering, Marketing & Sales • Improves Communication, Interpersonal, Leadership and Teamwork Skills • Increases Business Knowledge and Opportunity to Impact Operating Decisions

29. Non-Technical Development • Teamwork • Creativity • Process Analysis • Communication/Interpersonal • Leadership • Project Management • Conceptual Ability

30. What Does it Train You For • Controllership • Financial Reporting • Strategic Planning • Line Financial Management • Business Advisor and Partner • Business Systems Development

31. Career Development Courses • Time Management • Interpersonal Communications • Business Writing • Problem Solving • Good Business Practices • Cost Accounting • Presentation Skills • Meeting Facilitation • CPA/CMA Review Courses

32. FPDP Assignment Types Cost Acct. General Accounting FP&A

33. Off- Site AssignmentsDomestic Boston Redwood City Columbus Los Angeles Dallas

34. Off- Site AssignmentsInternational • International Finance • Cultural Experience What experiences do you gain?

35. Recent Non U.S. Assignments • Germany • Financial Planning & Analysis • Cost Accounting • Ireland • Cost Accounting • United Kingdom • Financial Planning & Analysis • Switzerland • Financial Planning & Analysis • Puerto Rico • General Accounting Reporting • Pakistan • Financial Reporting & Analysis

36. Abbott “Fringe” Benefits • FPDP Events: • Game Keepers • Golf Outings • Cub Games • Abbott Sports Leagues • On-site Recreation Facility

37. Abbott & Work Life SolutionsOur 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 health screening

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

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

40. Where are they now? Stafford O'Kelly Vice President Latin America & Canada 1985 Kevin Dolan Controller TAP Pharmaceuticals 1981 Cathy Hamilton Assistant Controller Hospira 1986 Jenny Dart Mgr Portfolio Analysis PPD 1993 FPDP Graduates Lori Carlson Treasurer Hospira 1983 Bill Chase Controller, AI 1991 John Poulos Div. Vice Pres., Licensing & Acquisitions AI 1980

41. Selection Criteria • Technical Skills • Leadership Skills • Interpersonal Skills • Organizational and Planning Skills • Interest in Progressive Management Career in a Highly Successful, International Healthcare Company

42. Reasons for Choosing Abbott Laboratories • StrongFinancial 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

43. Abbott’s Sales in 2003 were? • A.40.2 Billion • B. 19.7 Billion • C. 20.6 Million • D. 300.7 Million

44. Approximately Where is Abbott’s Stock Trading? • A. $25 • B. $45 • C. $70 • D. $95

45. Where is Abbott located? • A. Long Grove, IL • B. North Chicago, IL • C. Kenosha, WI • D. Oak Brook, IL

46. What Team Will Win theBig 10 Football Title in 2004? • A. Indiana University • B. Indiana University • C. Indiana University • D. Indiana University hey…. you gotta keep the faith……