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First Quarter 2019 Earnings Teleconference April 30, 2019
Earnings Teleconference
April 30, 2019 Introduction
Senior Vice President,
First Quarter 2019 Earnings First Quarter 2019 Earnings
3 Forward -Looking Statements and
Non-GAAP Financial Information
Our discussions during this conference call will include forward- looking statements about, among other things, our anticipated future
operating and financial performance, business plans and prospects, expectations for in- line products and product candidates,
including anticipated regulatory submissions, data read- outs, study starts, approvals, revenue contribution, growth performance,
timing of exclusivity and potential benefits, strategic reviews, capital allocation objectives, business- development plans, the benefits
anticipated from the reorganization of our commercial operations into three businesses which became effective at the beginning of
our 2019 fiscal year, our acquisitions and other business development activities, our proposed transaction with GSK to combine our respective consumer healthcare businesses into a new consumer healthcare joint venture, our ability to successfully capitalize on growth opportunities and prospects, manufacturing and product supply and plans relating to share repurchases and dividends that are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied
by such statements. Additional information regarding these factors can be found in Pfizer’s Annual Report on Form 10- K for the f iscal
year ended December 31, 2018 and in our subsequent reports on Form 10- Q, including in the sections thereof captioned “Risk
Factors” and “Forward- Looking Information and Factors That May Affect Future Results”, as well as in our subsequent reports on
Form 8 -K, all of which are filed with the U.S. Securities and Exchange Commission and available at www.sec.gov
www.pfizer.com . The forward- looking statements in this presentation speak only as of the original date of this presentation and we
undertake no obligation to update or revise any of these statements.
Also, the discussions during this conference call will include certain financial measures that were not prepared in accordance with
U.S. generally accepted accounting principles (GAAP). Reconciliations of those non- U.S. GAAP financial measures to the most
directly comparable U.S. GAAP financial measures can be found in Pfizer’s Current Report on Form 8- K dated April 30, 2019. Any
non-U.S. GAAP financial measures presented are not, and should not be viewed as, substitutes for financial measures required by
U.S. GAAP, have no standardized meaning prescribed by U.S. GAAP and may not be comparable to the calculation of similar measures of other companies. Opening Remarks
Chief Executive Officer
First Quarter 2019 Earnings First Quarter 2019 Earnings
Pleased to begin the year with a strong first quarter, with 5% operational revenue growth (+8% volume, -3% price) driven
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