1. 1 Indiana University X420 SCOOP Session Presentation Indiana University X420 SCOOP Session Presentation Cindy Brigham-Althoff January 27, 2004 Cindy Brigham-Althoff January 27, 2004

2. 2 Presenter’s Background Cindy Brigham-Althoff – 2001- Baxter Summer Intern in BioScience NA – May 2002- Graduated IU majoring in Finance and Legal Studies – May 2002- 1 st FDP rotation in Medication Delivery Services – February 2003- 2 nd rotation in Renal Global Finance – November 2003- 3 rd rotation in Supply Chain / Purchasing and Supplier Management Cindy Brigham-Althoff – 2001- Baxter Summer Intern in BioScience NA – May 2002- Graduated IU majoring in Finance and Legal Studies – May 2002- 1 st FDP rotation in Medication Delivery Services – February 2003- 2 nd rotation in Renal Global Finance – November 2003- 3 rd rotation in Supply Chain / Purchasing and Supplier Management

3. 3  Company Overview  FDP Program  Career Opportunities Baxter International

4. 4 Baxter Vision Every day, Baxter products and services help treat thousands of people around the world with cancer, kidney failure, hemophilia, immune deficiencies, infectious diseases and other serious health conditions To be the global leader in providing critical therapies for people with life-threatening conditions

5. 5 Gammagard Patient – JoJo National Traveling Team-Soccer

6. 6 Strategies to accelerate growth: – Technological Innovation – Global Expansion – Aging Population Strategies to accelerate growth: – Technological Innovation – Global Expansion – Aging Population Baxter Overview RenalMedication Delivery BioScience $9 billion global market leader Balanced and complementary global business portfolio leveraging scientific and technological capabilities $9 billion global market leader Balanced and complementary global business portfolio leveraging scientific and technological capabilities

7. 7 Financial Development Program "I believe this program is invaluable. FDP Associates are not only exposed to various functional areas, but also to International business issues. Completing a series of nine month assignments over a three-year period provides Associates with a breadth of unique experiences.” Brian Anderson Sr. Vice President Finance & Chief Financial Officer

8. 8 Financial Development Program Program Structure Financial Development Program Program Structure  Four rotations, approximately nine months each  Functional skills are developed through technical training and on-the-job training in different finance disciplines Both domestic and international rotational assignments are available. Approximately 25-40% of the rotations are international: EUROPE: Austria, Belgium, England, France, Germany, Ireland, Italy, Spain, Sweden, and Switzerland. LATIN AMERICA: Mexico, Argentina, Brazil, and Puerto Rico ASIA / OTHER: Canada, Japan, and Australia

9. 9 International Opportunities Current International Rotations / IU Alums – Austria (Rob Cox ‘98, Ryan Freking ’98) – Belgium (Talha Ashraf ’97, Brian Westphal ’98) – Ireland (Anusha Venkatachalam ’01, Henrik Wahlberg ’01, Janelle Mills ’97) – France (Damian Peoples ’99) – England (Laurence Nibur ’97) – Australia (Anusha Venkatachalam ’01, Amber Tharp ‘99) – Switzerland (Ben Reed ’01, Marcus Lutteman ’02) – Sweden (Henrik Wahlberg ’01) Current International Rotations / IU Alums – Austria (Rob Cox ‘98, Ryan Freking ’98) – Belgium (Talha Ashraf ’97, Brian Westphal ’98) – Ireland (Anusha Venkatachalam ’01, Henrik Wahlberg ’01, Janelle Mills ’97) – France (Damian Peoples ’99) – England (Laurence Nibur ’97) – Australia (Anusha Venkatachalam ’01, Amber Tharp ‘99) – Switzerland (Ben Reed ’01, Marcus Lutteman ’02) – Sweden (Henrik Wahlberg ’01)

10. 10 Financial Development Program Typical Assignments Financial Development Program Typical Assignments Financial Planning and Analysis Corporate Audit International Finance Corporate Tax Financial Information Systems Manufacturing Finance Financial Reporting Financial Planning and Analysis Corporate Audit International Finance Corporate Tax Financial Information Systems Manufacturing Finance Financial Reporting

11. 11 Life After the FDP Recent Grads Where are they now? Life After the FDP Recent Grads Where are they now? Henrik Wahlberg FDP Grad Nov 2003 Janelle Mills FDP Grad June 1999 Talha Ashraf FDP Grad June 1999 Sr. Financial Analyst Global Drug Delivery Finance Sr. Business Analyst BioScience Europe Switzerland Sr. Finance Mgr BioScience North America

12. 12 Financial Development Program The Ideal Candidate... Financial Development Program The Ideal Candidate...  Accounting or Finance undergraduate major  15 hours of accounting coursework  Record of academic excellence  Strong interpersonal skills  Team player  Willing to relocate for rotations  Accounting or Finance undergraduate major  15 hours of accounting coursework  Record of academic excellence  Strong interpersonal skills  Team player  Willing to relocate for rotations

13. 13 Financial Development Program Recruitment Timeline Financial Development Program Recruitment Timeline Intern Interviews- 1 st & 2 nd Rounds Undergrad Career Svcs February 19 th & 20 th Pre-night IMU Faculty Club October 20 th Full Time Interviews- 1 st & 2 nd Rounds Undergrad Career Svcs October 21 st & 22 nd Start Program (Dates Tentative) May 10th - Interns Jan 05- December Graduate June 05- May Graduate

14. 14 Corporate Finance Questions 1. Would an increase in inventory be considered a cash inflow or outflow? 2. Which janitorial services supplier would a company prefer to utilize, all else being equal: a) ABC, Co. with a Current ratio of 0.8 b) HIJ, Inc. with a Current ratio of 1.5 c) XYZ, Co. with a Current ratio of 0.5 3. Which of the following, when corrected, would result in a favorable impact to the P&L: a) Overstatement of accrued liabilities account b) Overstatement of revenue account c) Understatement of accrued liabilities account 1. Would an increase in inventory be considered a cash inflow or outflow? 2. Which janitorial services supplier would a company prefer to utilize, all else being equal: a) ABC, Co. with a Current ratio of 0.8 b) HIJ, Inc. with a Current ratio of 1.5 c) XYZ, Co. with a Current ratio of 0.5 3. Which of the following, when corrected, would result in a favorable impact to the P&L: a) Overstatement of accrued liabilities account b) Overstatement of revenue account c) Understatement of accrued liabilities account