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Second Quarter 2019 Earnings Teleconference July 29, 2019
Earnings Teleconference
July 29, 2019 Introduction
Senior Vice President,
Second Quarter 2019 Earnings Second 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 f iscal
year, our acquisitions and other business development activities, including our recently -announced proposed transaction with Mylan
N.V. ( Mylan ) to combine Upjohn and Mylan to create a new global pharmaceutical company, our recently announced pending
acquisition of Array BioPharma Inc. and 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, m anufacturing
and product supply and plans relating to share repurchases and dividends that are subject to substantial risks and uncertaint ies 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 fiscal 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 and 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 July 29, 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. G AAP,
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
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