Henry Schein 2006 Annual Report Download

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75 YEARS OF SUCCESS • ANNUAL REPORT 2006
Celebrating
Our History.
Focused
On Our Future.

Table of contents

  • Page 1
    Celebrating Our History. Focused On Our Future. 75 Y E A R S O F S U C C E S S • A N N U A L R E P O R T 2 0 0 6

  • Page 2
    ... as A RUB A ®, the Company's electronic catalog and ordering system. Its leading software systems-DENTRIX® and Easy Dental® for dental practices; MicroMD® for medical providers in primary care and all specialties; LabNet® for dental laboratories; and AVImark® for veterinary clinics-have been...

  • Page 3
    ..., New York. Their business However, it is likely that even their optimistic vision for what Henry Schein could become fell short of the reality that we have been able to achieve: a multinational FORTUNE 500® company that is the largest distributor of healthcare products and services to office...

  • Page 4
    ... animal health distributor in Switzerland, which greatly expanded our European Animal Health operations. supported many operational achievements throughout the year, with the continued implementation of global corporate programs in human resources, information technology, inventory management...

  • Page 5
    ... companies on FORBES Platinum list based on our multi-year double-digit growth in sales and earnings per share. Henry Schein is now included in NASDAQ's highest listing tier-the NASDAQ Global Select Market. And in 2006, we were pleased to celebrate 15 years of operations in the United Kingdom, Spain...

  • Page 6
    ... leader in healthy, technology-driven, recessionresistant markets. Team Schein will continue to grow, and Team Schein Members will remain committed to providing our customers with excellent service. Collectively we will preserve the values-based culture that distinguishes our Company and has been...

  • Page 7
    ... Capital represents operating income over average committed capital (committed capital equals inventory plus trade accounts receivables and net property, plant and equipment less trade accounts payables.) (3) Adjusted to reflect the effect of our adoption, on January 1, 2006, of FAS 123(R) using the...

  • Page 8
    ... around the world. More than 11,000 Team Schein feet of space in 31 distribution as special-order items. To help meet centers throughout North America, Europe, Australia and New Zealand- to efficiently and accurately ship over 11 million customer orders annually. In the United States and Canada, 99...

  • Page 9
    ... 2006. In the U.S. and Canada, 99% of our orders are shipped the same day the order is placed and delivered within two days of placement. Henry Schein's state-of-the-art, cold-chain distribution capabilities ensure the integrity of vaccines and other heat-sensitive products. Voice pick technology...

  • Page 10
    ...trends have resulted in a need for greater dental practice productivity, which is driving equipment and technology sales. Henry Schein's Dental Group, which includes Sullivan-Schein Dental and Zahn Dental Laboratory in the U.S. and Henry Schein Ash Arcona in Canada, is there to meet virtually all of...

  • Page 11
    ...'s leading "all-tissue" dental laser system. Henry Schein's dental offering features state-of-the-art radiography products from Imaging Sciences International, including the i-CAT™ Cone Beam 3-D Imaging System. BUSINESS GROUP NET SALES 42% Equipment repair services through ProRepair® and...

  • Page 12
    ... supplies and pharmaceutical products, including generic drugs, branded drugs and vaccines, to medical practices across the United States. We offer our medical customers a selection of approximately 35,000 products in stock and many more as special-order items. In addition, we are a leading supplier...

  • Page 13
    .... BUSINESS GROUP NET SALES 29% Henry Schein's Medical Group supports our physician customers-approximately 45% of the estimated 250,000 U.S. office-based physician practices-with a selection of over 35,000 products in stock and many more as special-order items. 11 MEDICAL • • Sales...

  • Page 14
    ...this growing market. In 2006, we acquired NLS Animal Health, which serves veterinarians in 26 states and veterinary clinics- have been installed in more than 50,000 practices. Henry Schein's leading software systems-DENTRIX ® and Easy Dental ® for dental practices; MicroMD ® for medical providers...

  • Page 15
    ... other options; Financial Services such as equipment leasing and financing, patient financing, and electronic credit card processing; and 2% research seamlessly intraoral organization, integrates digital X-ray, TECHNOLOGY • • Sales $98 million % of total Company sales 2% imaging and other...

  • Page 16
    ... and veterinary practices and has operations in 17 countries outside of North America: Austria, Australia, Belgium, the Czech Republic, France, Germany, Iceland, Ireland, Israel, Italy, Luxembourg, the Netherlands, New Zealand, Portugal, Spain, Switzerland and the United Kingdom. And through Schein...

  • Page 17
    ... North America, Europe, Australia and New Zealand-nearly 3 million square feet of space through which over 11 million customer orders are efficiently and accurately shipped each year. serve around the world. BUSINESS GROUP NET SALES 27% In 2006, Henry Schein acquired Provet Holding AG, the...

  • Page 18
    ... and created the Henry Schein Comfort Cart at New York's Schneider Children's Hospital. Our community-based initiatives included our annual Back to School and Holiday Cheer programs in the U.S., and the Crisis at Christmas and Help a Local Child initiatives in the U.K. In Germany, we produced a play...

  • Page 19
    Through Henry Schein Cares, our global social responsibility program, we help enhance healthcare advocacy and education; increase access to care among underserved populations; strengthen community wellness programs; and prepare for and respond to disasters. 17 75 YEARS OF SUCCESS

  • Page 20
    ... acquires Heiland (Germany) and GIV (U.S.) 2000 Henry Schein becomes the only Pan-European dental, medical, and veterinary distributor; Sales: $2.38 Billion; 6,200 TSMs 2001 Company introduces the Digital Dental Office, Privileges customer loyalty program, and Customer Analysis Tool (CAT) system...

  • Page 21
    ... Temple (Canada), Halas Dental (Australia), and Shalfoon Brothers (New Zealand) 2006 Henry Schein is again included in FORTUNE's list of America's Most Admired Companies and ranked Number 1 in the industry for social responsibility; Company acquires NLS Animal Health, Darby Medical Supply, Island...

  • Page 22
    ...$ 1.23 1.21 0.05 0.04 1.28 1.25 86,978 89,007 $ $ $ $ $ $ $ $ $ $ December 30, 2006 Net Sales by Market Data: Healthcare Distribution (4) Dental (5) Medical (6) International (7) Total Healthcare Distribution Technology (8) Total $2,136,830 1,516,155 1,401,889 5,054,874 98,223 $5,153,097...

  • Page 23
    ...in the dental, medical and animal health markets, primarily in Europe. (8) 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 24
    ... Department Stores Mark E. Mlotek Executive Vice President, Corporate Business Development 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 Services...

  • Page 25
    ...Department Stores; Member, Henry Schein, Inc. Board of Directors Martin Sperber Former Chairman and CEO, Schein Pharmaceutical; Chancellor, Arnold & Marie Schwartz College of Pharmacy; Member, Board of Trustees, Long Island University Louis W. Sullivan, M.D. Former U.S. Secretary of Health and Human...

  • Page 26
    ... 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.giv.com; www.dentrix.com; www.easydental.com; www...

  • Page 27

  • Page 28
    C O R P O R AT E M I S S I O N 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