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Merrill Lynch Global
Pharmaceutical, Biotechnology
& Medical Device Conference

Robert Essner
Chairman and Chief Executive Officer

February 7, 2007
Forward-Looking Statement

The statements in this presentation that are not historical facts are forward-
looking statements based on current expectations of future events that
involve risks and uncertainties including, without limitation, risks
associated with the inherent uncertainty of pharmaceutical research,
product development, manufacturing, commercialization, economic
conditions including interest and currency exchange rate fluctuations, the
impact of competitive or generic products, product liability and other types
of lawsuits, the impact of legislative and regulatory compliance and
obtaining approvals, and patent, and other risks and uncertainties,
including those detailed from time to time in Wyeth’s periodic reports,
including quarterly reports on Form 10-Q and the annual report on Form 10-
K, filed with the Securities and Exchange Commission. Quarterly results, in
particular, can vary due to issues which include, but are not limited to,
changes in exchange rates, the timing of actions taken by the Company to
ensure long-term improvements to our manufacturing processes, the
timing of regulatory approval of new products and/or facilities and the
timing of promotional programs. Actual results may vary materially from
the forward-looking statements. The Company assumes no obligation to
publicly update any forward-looking statements, whether as a result of new
information, future events or otherwise.
2006 Was An Excellent Year for Wyeth


      9% Revenue Growth
  n


      Operating Income Increased 24%
  n


      Pro Forma Diluted EPS Increased 14%
  n


      Six Billion Dollar or Multi Billion Dollar Franchises
  n


      15 New Projects Moved Into Development Track
  n


      Filed Six Registrations for Four New Drugs
  n
Wyeth Delivers Strong Profit Growth

                               EPS* Growth
    14%
                                                  14%
    12%

                                           11%
    10%
                10%
     8%
                                    7%
     6%

     4%

     2%

     0%
                2003                2004   2005   2006


*Before Certain Significant Items
Wyeth Delivers Strong Profit Growth

                               EPS* Growth
    14%
                                             14%
    12%
                                                               11%
    10%                             11%                         to
               10%                                              8%
      8%

      6%                     7%
      4%

      2%

      0%
              2003          2004    2005     2006     2007
                                                    Guidance


*Before Certain Significant Items
wyeth 	Merrill Lynch Global Pharmaceutical, Biotechnology and Medical Device Conference Presentation

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wyeth Merrill Lynch Global Pharmaceutical, Biotechnology and Medical Device Conference Presentation

  • 1. Merrill Lynch Global Pharmaceutical, Biotechnology & Medical Device Conference Robert Essner Chairman and Chief Executive Officer February 7, 2007
  • 2. Forward-Looking Statement The statements in this presentation that are not historical facts are forward- looking statements based on current expectations of future events that involve risks and uncertainties including, without limitation, risks associated with the inherent uncertainty of pharmaceutical research, product development, manufacturing, commercialization, economic conditions including interest and currency exchange rate fluctuations, the impact of competitive or generic products, product liability and other types of lawsuits, the impact of legislative and regulatory compliance and obtaining approvals, and patent, and other risks and uncertainties, including those detailed from time to time in Wyeth’s periodic reports, including quarterly reports on Form 10-Q and the annual report on Form 10- K, filed with the Securities and Exchange Commission. Quarterly results, in particular, can vary due to issues which include, but are not limited to, changes in exchange rates, the timing of actions taken by the Company to ensure long-term improvements to our manufacturing processes, the timing of regulatory approval of new products and/or facilities and the timing of promotional programs. Actual results may vary materially from the forward-looking statements. The Company assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
  • 3. 2006 Was An Excellent Year for Wyeth 9% Revenue Growth n Operating Income Increased 24% n Pro Forma Diluted EPS Increased 14% n Six Billion Dollar or Multi Billion Dollar Franchises n 15 New Projects Moved Into Development Track n Filed Six Registrations for Four New Drugs n
  • 4. Wyeth Delivers Strong Profit Growth EPS* Growth 14% 14% 12% 11% 10% 10% 8% 7% 6% 4% 2% 0% 2003 2004 2005 2006 *Before Certain Significant Items
  • 5. Wyeth Delivers Strong Profit Growth EPS* Growth 14% 14% 12% 11% 10% 11% to 10% 8% 8% 6% 7% 4% 2% 0% 2003 2004 2005 2006 2007 Guidance *Before Certain Significant Items