Third Quarter 2023 Financial Results
Forward-looking
Statements
This presentation contains forward-looking statements, which reflect the current views of
Zoetis with respect to: business plans or prospects; future operating or financial
performance, future guidance, future operating models; R&D costs, timing and likelihood of
success; expectations regarding products, product approvals or products under
development and expected timing of product launches; disruptions in our global supply
chain; the impact of the coronavirus (COVID-19) global pandemic and any recovery
there from on our business, supply chain, customers and employees; expectations
regarding the performance of acquired companies and our ability to integrate new
businesses; expectations regarding the financial impact of acquisitions; future use of cash,
dividend payments and share repurchases; tax rates and tax regimes and any changes
thereto; and other future events. These statements are not guarantees of future
performance or actions. Forward-looking statements are subject to risks and uncertainties.
If one or more of these risks or uncertainties materialize, or if management's underlying
assumptions prove to be incorrect, actual results may differ materially from those
contemplated by a forward-looking statement. Forward-looking statements speak only as
of the date on which they are made. Zoetis expressly disclaims any obligation to update or
revise any forward-looking statement, whether as a result of new information, future events
or otherwise. A further list and description of risks, uncertainties and other matters can be
found in our most recent Annual Report on Form 10-K, including in the sections there of
captioned "Forward-Looking Statements and Factors That May Affect Future Results" and
"Item 1A. Risk Factors," in our Quarterly Reports on Form 10-Q and in our Current Reports
on Form 8-K. These filings and subsequent filings are available online at www.sec.gov,
www.zoetis.com, or on request from Zoetis.
2
Non-GAAP Financial
Information
We use non-GAAP* financial measures, such as adjusted net income, adjusted diluted
earnings per share, adjusted operating expenses, adjusted gross margin, operational
results (which excludes the impact of foreign exchange), adjusted EBIT margin, organic
operational growth and normalized organic operational growth to assess and analyze our
results and trends and to make financial and operational decisions. We believe these non-
GAAP financial measures are also useful to investors because they provide greater
transparency regarding our operating performance. The non-GAAP financial measures
included in this presentation should not be considered alternatives to measurements
required by GAAP, such as net income, operating income, and earnings per share, and
should not be considered measures of liquidity. These non-GAAP financial measures are
unlikely to be comparable with non-GAAP information provided by other companies.
Reconciliations of non-GAAP financial measures and the most directly comparable GAAP
financial measures are included in the tables accompanying our earnings release and are
posted on our website at www.zoetis.com.
*GAAP refers to U.S. generally accepted accounting principles.
zoetisView entire presentation