Henry Schein 2005 Annual Report Download

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Celebrating 10 Years of Excellence and Growth
as a Publicly-Traded Company
ANNUAL REPORT ▲2005

Table of contents

  • Page 1
    Celebrating 10 Years of Excellence and Growth as a Publicly-Traded Company ANNUAL REPORT â-² 2005

  • Page 2
    ...'s sales reached a record $4.6 billion in 2005. The Company provides innovative solutions for healthcare professionals, and is recognized for its excellent customer service and highly competitive prices. Henry Schein's four business groups-Dental, Medical/Veterinary, International, and Technology...

  • Page 3
    ... these opportunities, our net sales have grown at a 10-year compound annual growth rate (CAGR) of more than 22%, rising from $616 million in 1995 to $4.6 billion in 2005. This drove Henry Schein is ideally positioned to serve the emerging global market of dental, medical and veterinary office-based...

  • Page 4
    ... U.S. and Canada are shipped without back ordering and are shipped on the same business day the order is received. We successfully implemented global corporate programs in human resources, information technology, inventory management, distribution, and other key operational Our Company's 10 years...

  • Page 5
    ... global headquarters in Melville, New York. Operating Officer. Michael Zack, who has overseen Henry Schein's James Breslawski international expansion and growth to nearly one-third of overall sales in his 17 years with the Company, recently was promoted to President of the International Group...

  • Page 6
    ... and school supplies and provided gifts to make the holiday season more memorable. Our work in social responsibility during 2005, as well as other facets of our business, was widely recognized. As Henry Schein ascended to #445 on the FORTUNE 500 list of America's largest companies as ranked by sales...

  • Page 7
    ...contract with Chiron Corporation. The effect that this charge had on earnings per share for the year ended December 25, 2004 was $(0.10). (2) Return on Committed Capital represents operating income over average committed capital (committed capital equals inventory plus trade accounts receivables and...

  • Page 8
    ...; 1,300 telesales representatives; 155 independent software sales representatives; and more than 700 equipment service technicians-all supported by more than 34 million targeted direct-marketing pieces annually. 1995 â-² 2005 6 HENRY SCHEIN Henry Schein Customers 1995 - 200,000 2005 - 500,000...

  • Page 9
    ...: Henry Schein brings a spirit of partnership to each of our 500,000 customer relationships around the world. In addition to field sales consultants, our customers are served by equipment sales specialists, telesales representatives, independent software sales representatives, and equipment service...

  • Page 10
    ... used products at discounted rates. Our dental, medical, and veterinary customers are turning to technology tools to increase practice efficiency and support the delivery of quality healthcare. Our practice management software products provide practitioners with patient treatment history, billing...

  • Page 11
    ... private-brand products in stock, as well as over 100,000 additional products available as special-order items. Inset right: Henry Schein is a leading supplier of vaccines, injectables, and other pharmaceuticals to physicians and alternate-care sites. Inset bottom: To help our veterinary customers...

  • Page 12
    ... with school supplies, and provide gifts to less fortunate children through our Back-To-School and Holiday Cheer initiatives. 1995 â-² 2005 10 HENRY SCHEIN Team Schein Members 1995 - 2,600 2005 - 11,000 The mission of Henry Schein Cares is to assist in narrowing the disparity in the delivery of...

  • Page 13
    ... free oral healthcare diagnosis and treatment on a single day. Inset right: Team Schein Members helped stock the shelves of Coastal Family Health Center in Biloxi, Miss., a Henry Schein Cares project that was featured on ABC's Extreme Makeover: Home Edition. Inset bottom: In 2005, support from Henry...

  • Page 14
    ... % of total Company sales: 41% Medical (Including Veterinary) Sales: $1.4 billion % of total Company sales: 30% International Sales: $1.3 billion % of total Company sales: 27% Technology & Value-Added Services Sales: $88 million % of total Company sales: 2% 1995 â-² 2005 12 HENRY SCHEIN

  • Page 15
    ...230,000 office-based dental, medical, and veterinary practices in 17 countries outside of the United States and Canada, including: Austria, Australia, Belgium, the Czech Republic, France, Germany, Iceland, Ireland, Israel, Italy, Luxembourg, the Netherlands, New Zealand, Portugal, Spain, Switzerland...

  • Page 16
    ... as a Publicly-Traded Company FINANCIAL GROWTH SINCE GOING PUBLIC From Continuing Operations ($ in millions, except per share data) 1995 2005 Compound Annual Growth Rate (Except Operating Margin) Sales Operating Income Operating Margin Net Income Diluted EPS Stock Price Market Capitalization $616...

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  • Page 18
    ..." and ITEM 8, "Financial Statements and Supplementary Data" in the accompanying Form 10-K. Years ended December 31, 2005 Income Statement Data: Net sales Gross profit Selling, general and administrative expenses (2) Operating income Other expense, net Income from continuing operations before...

  • Page 19
    ... in the dental, medical and veterinary markets, primarily in Europe. (7) Consists of practice management software and other value-added products and services, which are sold primarily to healthcare providers in the United States and Canada. USE OF NON-GAAP MEASURES: The above information includes...

  • Page 20
    ... Department Stores Mark E. Mlotek Executive Vice President, Corporate Business Development Group Steven Paladino Executive Vice President and Chief Financial Officer Marvin H. Schein Founder, Schein Dental Equipment Corp. Louis W. Sullivan, M.D. (3) (4) Former U.S. Secretary of Health and Human...

  • Page 21
    ..., Tufts University School of Medicine Margaret A. Hamburg, M.D. Former Assistant Secretary for Planning and Evaluation, U.S. Department of Health and Human Services; Former Commissioner of Health for the City of New York; Member, Henry Schein, Inc. Board of Directors Norman Matthews Former President...

  • Page 22
    ... Long Island, 1350 Old Walt Whitman Road, Melville, New York 11747. HENRY SCHEIN ON THE INTERNET For more information about Henry Schein and its products and services, go to www.henryschein.com. Other Company Web sites include: www.sullivanschein.com; www.caligor.com; www.giv.com; www.dentrix...

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    CORPORATE MISSION To be the worldwide leader in providing the best quality and value in products and services for our healthcare customers. Henry Schein, Inc. 135 Duryea Road Melville, New York 11747 U.S.A. (631) 843-5500 www.henryschein.com