Investor Presentation • Feb 24, 2016
Investor Presentation
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Frankfurt stock exchange (DAX30): FRE │ US ADR program (OTC): FSNUY │ www.fresenius.com/investors
This presentation contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions, regulatory reforms, results of clinical trials, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. Fresenius does not undertake any responsibility to update the forward-looking statements contained in this presentation.
| Q 4 / 2 0 1 5 |
F Y / 2 0 1 5 |
|
|---|---|---|
| l S a e s |
€ 7, 2 5 7 m |
€ 2 7, 6 2 6 m |
| G h t r o w c c |
5 % |
9 % |
| h l G t t t o e r w a c u a r a s |
1 1 % |
1 9 % |
| 1 E B I T |
€ 0 9 1, 1 m |
€ 3, 9 8 5 m |
| G h t r o w c c |
1 0 % |
1 3 % |
| h l G t t t o a c a a e s r w u r |
1 9 % |
2 5 % |
| i 1 N t |
||
| e n c o m e |
€ 4 1 4 m |
€ 1, 4 2 3 m |
| G h t r o w c c |
2 % 4 |
2 % 1 |
| h l G t t t r o w a c u a r a e s |
3 0 % |
3 1 % |
1Before special items
1Proposal Source: Bloomberg; dividends reinvested
| / F Y 2 0 1 5 |
G h t r o w F Y Y Y o |
|
|---|---|---|
| S l a e s E B I T |
\$ S 6, 3 8 U 1 7 m \$ U S 2, 3 2 7 m |
6 % 3 % |
| l S a e s 1 E B I T |
€ 9 0 5, 5 m € 1, 1 8 9 m |
1 6 % 3 6 % |
| S l a e s 1 E B I T |
€ 5, 5 7 8 m € 6 4 0 m |
6 % 1 6 % |
| l S a e s E B I T |
€ 8 1, 1 1 m € 6 4 m |
7 % 8 % |
Before special items
For a detailed overview of special items please see the reconciliation tables on slides 43 – 44.
1 As of Dec 31, 2015
Conference Call – 2015 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, February 24, 2016
Net income attributable to shareholders of Fresenius SE &Co.KGaA; 2015 before special items
Conference Call – 2015 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, February 24, 2016
| G h Q t 4 Y Y r o w o |
G h t F Y Y Y r o w o |
|||||
|---|---|---|---|---|---|---|
| € m |
Q / 2 0 4 1 5 |
l t a c a u t r a e s |
t t c o n s a n t r a e s |
/ 2 0 F Y 1 5 |
l t a c a u t r a e s |
t t c o n s a n t r a e s |
| l S a e s |
7, 2 5 7 |
1 1 % |
5 % |
2 7, 6 2 6 |
1 9 % |
9 % |
| 1 E B I T |
1, 1 0 9 |
1 9 % |
1 0 % |
3, 9 5 8 |
2 5 % |
1 3 % |
| N i t t t e n e e s r |
-1 3 7 |
2 0 % |
2 5 % |
-6 1 3 |
-2 % |
8 % |
| 1 I t n c o m e a x e s |
-2 8 0 |
3 % -4 |
3 3 % - |
-9 8 3 |
-3 6 % |
2 % 1 - |
| 2 N i t e n c o m e |
4 1 4 |
3 0 % |
2 4 % |
1, 4 2 3 |
3 1 % |
2 1 % |
1 Before special items
2Net income attributable to shareholders of Fresenius SE & Co. KGaA; before special items
For a detailed overview of special items please see the reconciliation tables on slides 43 – 44.
| € m |
Q / 2 0 4 1 5 |
h G t o r w Q 4 Y Y o |
/ 2 0 F Y 1 5 |
h G t o r w F Y Y Y o |
|---|---|---|---|---|
| E o p e u r Ma in rg |
9 5 % 1 7. 1 |
1 9 % - -3 8 0 bp s |
3 5 2 6. 6 % 1 |
2 % 2 0 bp s |
| h N A i t o m e c a r r Ma in rg |
1 9 3 3 9 % 5. |
4 0 % 2 0 bp 5 s |
7 9 8 3 8. % 1 |
4 3 % 0 bp 1 7 s |
| f / / f A i P i i L i A i A i t s a a c c a n m e r c a r c a - in Ma rg |
8 9 2 0 % 1. |
5 1 % 6 6 0 bp s |
3 1 4 8. % 1 1 |
3 1 % 2 3 0 bp s |
| d C C R & D t t o r p o r a e a n o r p o r a e |
6 0 - |
2 1 % |
2 7 5 - |
3 % - |
| l T t E B I T o a t c ta t c a on s n ur re nc y Ma in rg |
3 1 7 2 0. 9 % |
3 3 % 2 6 % |
1, 1 8 9 2 0. 0 % |
3 6 % 2 1 % |
EBIT before special items
For a detailed overview of special items please see the reconciliation tables on slides 43 – 44.
| € m |
Q / 2 0 4 1 5 |
G h Q t 4 Y Y r o w o |
/ 2 0 F Y 1 5 |
G h t F Y Y Y r o w o |
|---|---|---|---|---|
| l l T t o a s a e s |
1, 1 1 4 |
% 4 |
8 5 5 7 , |
6 % |
| E B I T b l h d l f l E i i i i t t s a s e c n c p o o o r Ma in rg |
1 6 8 1 1. 9 % |
8 % bp 4 0 s |
6 3 1 1 1. 7 % |
1 5 % bp 1 1 0 s |
| i i i / i i A t D t t q o n e e c u s s v s u r s ( l da / de l da i io i io t t co ns o n co ns o n 1 ) Ma in < y r rg |
0 0. 0 % |
9 4. 5 % |
||
| l T t E B I T o a Ma in rg |
6 8 1 1 1. 9 % |
8 % 4 0 bp s |
6 0 4 1 1. 5 % |
6 % 1 1 0 0 bp s |
EBIT before special items For a detailed overview of special items please see the reconciliation tables on slides 43 – 44.
| O i C F t p e r a n g |
( ) C t a p e x n e |
h F C r e e a s |
||||
|---|---|---|---|---|---|---|
| € m |
Q / 2 0 4 1 5 |
L T M M i a r g n |
Q / 2 0 4 1 5 |
L T M M i a r g n |
Q / 2 0 4 1 5 |
L T M M i a r g n |
| 3 2 4 |
1 5 3 % |
1 1 6 - |
5 4 % - |
8 2 0 |
9 9 % |
|
| 2 3 2 |
% 1 1 1 |
3 3 1 - |
9 % 4 - |
9 9 |
3 6 2 % |
|
| 9 7 |
4 7 % |
3 - |
0 9 % - |
9 4 |
3 8 % |
|
| C / O h t t o p o e e r r a r |
2 3 |
n a |
5 - |
n a |
8 1 |
n a |
| l. Ex F M C c |
6 7 6 |
2 1 3 0 % |
2 5 7 - |
4 9 % - |
4 1 9 |
2 8 1 % |
| G ro u p |
6 1, 1 7 |
2 0 % 1 |
3 0 5 - |
2 % 5 - |
6 6 4 |
6 8 % |
1Before acquisitions and dividends
2Margin incl. FMC dividend
3Understated: 7.0% excluding €44 million of capex commitments from acquisitions
1Pro forma acquisitions; before special items
2Adjusted due to debt issuance cost restatement (U.S. GAAP standard ASU 2015-03)
3Pro forma excluding advances made for the acquisition of hospitals from Rhön-Klinikum AG; before special items
4Before special items
at annual average FX rates for both EBITDA and net debt
Conference Call – 2015 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, February 24, 2016
| i F e s e n s r u b i K a |
l h S t a e s g r o w i o r g a n c E B I T t t c o n s a n c u r r e n c y |
l l d i i i t o w s n g e g - h l f l t o g a r u y |
|---|---|---|
| i F e s e n s r u l i H e o s |
l h S t a e s g o r w i o g a n c r E B I T |
3 % % 5 – € 6 0 0 0 7 7 m – |
| i F r e s e n s u d V a m e |
l h S t e g o a s r w i o r g a n c h E B I T t g r o w |
5 % 1 0 % – 5 % 1 0 % – |
| S l h t a e s g o r w t t c o n s a n c u r r e n c y |
6 % 8 % ‒ |
|---|---|
| 1 h N i t t e n o m e g o c r w t t c o n s a n c u r r e n c y |
8 % 1 2 % ‒ |
1 Net income attributable to shareholders of Fresenius SE&Co.KGaA; 2015 before special items
| Q / 2 0 4 1 5 |
h G t o r w Q 4 Y Y o |
|
|---|---|---|
| l S a e s E B I T |
\$ U S 4, 3 4 8 m \$ U S 6 6 2 m |
1 % 0 % |
| S l a e s 1 E B I T |
€ 9 1, 5 1 m € 3 1 7 m |
0 % 1 3 3 % |
| S l a e s 1 E B I T |
€ 1, 4 1 1 m € 1 6 8 m |
4 % 8 % |
| l S a e s E B I T |
€ 3 8 7 m € 3 4 m |
0 % 6 % |
Before special items
For a detailed overview of special items please see the reconciliation tables on slides 43 – 44.
| € m |
/ F Y 2 0 1 5 |
/ F Y 2 0 1 4 |
|---|---|---|
| b f d l l E i i i t t t t a n n g s e o e a a n n o n c o n o n g n e e s r r x r r |
3 2 6 2 , |
2 5 1 2 , |
| T a x e s |
9 6 5 - |
0 0 7 - |
| l l h f N i i t t t, t o n c o n o n g n e e s e e o r r r |
9 3 9 - |
7 4 5 - |
| d l b b l F i M i C i i F i t t t t t t e e n e e n e n o m e n o e o e e n r s u s c a a r c a r u a r s u s ( F Y / 1 5 6 9 % ) : ~ |
-6 4 1 |
-5 4 2 |
| l l h l d d l N i i i F i M i C t t t o n c o n r o n g n e r e s o e r s n r e s e n u s e c a a r e ( / \$ d d l 's F Y 1 5 U S 2 8 4 i F i M i C t : m a c c o r n g o r e s e n u s e c a a r e F i i l S ) t t t n a n c a a e m e n s |
-2 5 6 |
-1 6 1 |
| N l l i i h l d i F i K b i ( -€ 3 0 ), t t t o n c o n r o n g n e r e s o e r s n r e s e n u s a m F i H l i ( -€ 1 ), F i V d ( -€ 1 ) d d t r e s e n u s e o s m r e s e n u s a m e m a n u e o i d 's 2 3 % l h i ( -€ 0 ) F V t 1 r e s e n u s a m e e x e r n a o w n e r s p m |
-4 2 |
-4 2 |
| b b l N i i F i S E & C K G A t t t t t e n c o m e a a e o e s e n s o a r u r u |
1, 3 5 8 |
1, 0 6 7 |
| € m |
2 0 1 5 |
M i a g n r |
2 0 1 4 |
M i a g n r |
h G Y Y t o o r w |
|---|---|---|---|---|---|
| O i C h l t F p e r a n g a s o w |
3 3 2 7 , |
2 0 % 1 |
2 8 5 5 , |
% 1 1 1 |
2 9 % |
| C ( ) t a p e x n e |
1, 4 6 2 - |
5 2 % - |
1, 3 2 3 - |
5 7 % - |
1 1 % - |
| C h l F F e e a s o r w ( be fo d d de ds ) is i io iv i t re a cq u ns a n n |
8 6 1, 5 |
6 8 % |
2 6 2 1, |
% 5 4 |
8 % 4 |
| A i i i t ( ) t c q s o n s u n e |
3 2 - |
2 0 2 8 - , |
9 8 % |
||
| d d D i i e n s v |
6 3 9 - |
5 8 2 - |
1 0 % - |
||
| C h l F F r e e a s o w f ( is i io d d iv i de ds ) te t a r a cq u ns a n n |
9 1, 1 4 |
3 % 4 |
3 8 1, 4 - |
8 % 5 - |
8 9 % 1 |
| O i C F t p e a n g r |
( ) C t a p e n e x |
h l 1 C F e e a s o w |
||||
|---|---|---|---|---|---|---|
| € m |
/ 2 0 1 F Y 5 |
i M a r g n |
/ 2 0 1 F Y 5 |
i M a r g n |
/ 2 0 1 F Y 5 |
i M a r g n |
| 9 1 3 |
1 5 3 % |
3 2 4 - |
5 4 % - |
5 8 9 |
9 9 % |
|
| 6 8 1 |
% 1 1 1 |
2 7 1 - |
9 % 4 - |
3 4 7 |
3 6 2 % |
|
| 5 3 |
4 7 % |
1 1 - |
0 9 % - |
4 2 |
3 8 % |
|
| / h C O t t o r p o r a e e r |
2 4 - |
n a |
1 2 - |
n a |
3 6 - |
n a |
| l. C F M ex c |
2 1, 6 3 4 |
2 1 3 0 % |
6 1 8 - |
9 % 4 - |
2 1, 0 1 6 |
2 8 1 % |
| Gr ou p |
3 3 2 7 , |
1 2 0 % |
1, 4 6 2 - |
5 2 % - |
1, 8 6 5 |
6 8 % |
1 Before acquisitions and dividends
2 Incl. FMC dividend
3 Understated: 7.0% excluding €44 million of capex commitments from acquisitions
1 2011-2015 adjusted due to debt issuance cost restatement (U.S. GAAP standard ASU 2015-03)
Conference Call – 2015 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, February 24, 2016
1 Adjusted due to debt issuance cost restatement (U.S. GAAP standard ASU 2015-03)
Based on utilization of major long-term financing instruments
| € m |
Q / 2 0 4 1 5 |
O i r g a n c h G t o r w Q 4 Y Y o |
/ 2 0 F Y 1 5 |
O i r g a n c h G t o r w F Y Y Y o |
|---|---|---|---|---|
| I. V. D g s r u |
6 2 7 |
1 6 % |
2, 4 2 9 |
1 8 % |
| f h I i T n s o n e a p u r y |
2 1 0 |
1 % |
9 1 4 |
1 % |
| C l l i i N t i t i n c a u r o n |
3 9 3 |
% 5 |
6 0 1, 5 |
% 7 |
| d l / M i D i e c a e v c e s f h l T i T n o n e n o o g r a s u s c y |
2 8 9 |
3 % |
1, 0 4 7 |
0 % |
| T l l t o a s a e s |
1, 5 1 9 |
8 % |
5, 9 5 0 |
8 % |
| € m |
Q / 2 0 1 4 5 |
O i g a n c r G h t r o w Q 4 Y Y o |
/ 2 0 1 F Y 5 |
O i g a n c r G h t r o w F Y Y Y o |
|---|---|---|---|---|
| E u r o p e |
5 5 7 |
2 % |
2, 2 3 1 |
% 4 |
| h N A i t o r m e r c a |
5 3 8 |
1 5 % |
2, 0 9 3 |
1 6 % |
| f A i P i i s a- a c c |
2 9 7 |
% 7 |
1, 1 4 1 |
% 5 |
| / f L i A i A i t a n m e c a c a r r |
1 4 5 |
1 4 % |
5 9 3 |
1 3 % |
| l l T t o a s a e s |
9 1, 5 1 |
8 % |
9 0 5, 5 |
8 % |
| € m |
2 0 1 5 |
2 0 1 4 |
k R 2 0 1 5 e m a s r |
|---|---|---|---|
| l S a e s |
5, 9 5 0 |
5, 1 4 6 |
8 h % ic t o rg an g ro w |
| E B I T D A in % m ar g |
1, 4 4 6 2 4. 3 |
1, 0 8 4 2 1. 1 |
|
| E B I T in % m ar g |
1, 1 8 9 2 0. 0 |
8 7 3 1 7. 0 |
|
| N i t t t e n e e s r |
8 -1 4 |
-1 9 6 |
|
| b f E i t a n n g s e o e a e s r r x d l l t i i t t a n n o n c o n o n g n e e s r r |
0 0 1, 5 |
6 7 7 |
|
| I t n c o m e a x e s Ta % te x ra |
-3 0 6 3 0. 4 |
8 9 -1 2 7. 9 |
|
| l l N i i t t t o n c o n o n g n e e s r r |
-3 0 |
-2 0 |
|
| 1 i N t e n c o m e |
6 6 9 |
6 8 4 |
Before special items 1Attributable to shareholders of Fresenius Kabi AG
| € m |
2 0 1 5 |
2 0 1 4 |
k 2 0 R 1 5 e m a r s |
|---|---|---|---|
| 1 N i t e n c o m e ( in l. l l in in ) tr te t c no nc on o g re s |
0 6 1 1 |
4 5 5 1 |
|
| / D i i i i t t t e p e c a o n a m o a o n r r z |
2 5 7 |
2 1 1 |
|
| C h i k i i l t a n g e n w o r n g c a p a |
4 6 |
-2 5 |
|
| C h f l f i t a s o w r o m o p e r a o n s Ma in % rg |
9 3 1 1 5. 3 |
6 4 1 1 2. 5 |
|
| C A P E X t n e , |
-3 2 4 |
-3 5 2 |
d ( ) 6 7 % isc t io 2 0 1 4: 7 6 % re na ry 3 3 % -d isc io t n on re na ry ( ) 2 0 1 4: 2 4 % |
| h f l C o a s w be fo d d de ds is i t io iv i re cq ns n n a u a |
5 8 9 |
2 8 9 |
|
| A i i i t t c q u s o n s, n e |
1 6 |
1 0 0 |
|
| h f l F r e e c a s o w fo ( be d iv i de ds ) re n |
3 5 7 |
8 9 1 |
1After special items
| € m |
2 0 1 5 |
1 2 0 1 4 |
k 2 0 R 1 5 e m a r s |
|---|---|---|---|
| b l A t i c c o u n s r e c e v a e |
7 4 7 |
8 8 7 |
S O 2 0 1 6 da ( 2 0 1 6 ) D 5: 4 4: 5 y s |
| I i t n e n o e s v r |
1, 2 0 2 |
1, 0 3 8 |
da ( ) S O I 2 0 1 5: 1 3 5 2 0 1 4: 1 2 6 y s |
| i d F t x e a s s e s |
2 7, 7 7 |
6, 1 1 7 |
Go dw i l l ( De 3 1, 2 0 1 5 ) € 5. 0 bn o c : |
| h O t t e a s s e s r |
1, 2 2 5 |
1 1, 1 0 5 |
|
| l T t t o a a s s e s |
1 0, 1 4 5 |
1 9, 6 2 4 |
|
| D b t e |
5, 2 3 4 |
1 5, 1 9 2 |
|
| O h l i b i l i i t t e r a e s |
2, 1 0 9 |
1, 8 6 2 |
|
| E i t ( l. l l ) in in in q tr t. u y c no nc on o g |
8 3, 1 0 |
8 8 2, 5 |
|
| T l l i b i l i i d t t o a a e s a n h h l d ' i t s a e o e s e q r r u y |
1 0, 4 5 1 |
1 9, 6 4 2 |
1 Adjusted due to debt issuance cost restatement (U.S. GAAP standard ASU 2015-03)
| f l Y i P i t e a s n o o o r r |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 < |
1 | 2 | 3 | 4 | 1 5 |
6 | 6 > |
1 l T t o a |
|
| N f l i i o. o c n c s |
1 | - | - | 1 2 |
3 | 4 0 |
- | 5 5 |
1 1 1 |
| ( ) R € e e n e m v u |
7 | - | - | 0 4 1 |
3 1 7 |
2, 0 0 2 |
- | 2, 8 3 7 |
2 9 5, 4 |
| T t a r g e |
|||||||||
| ( % ) E B I T i m a r g n |
- | 2. 0 |
0 4 |
6. 0 |
8. 0 |
0. 0 1 |
2. 0 1 |
2. 0 0 1 1 5. – |
|
| ( ) E B I T € m |
- | - | - | 2 4 6 |
1 3. 8 |
2 0 0. 2 |
- | 3 4 0. 5 |
5 7 9 1 |
| d R t e p o r e |
|||||||||
| ( ) E B I T i % m a g n r |
6. 2 |
- | - | 9 8 |
6. 9 |
1 0. 4 |
- | 1 3. 2 |
1 1. 7 |
| E B I T ( € ) m |
0. 4 |
- | - | 4 0. 1 |
1 1. 9 |
2 0 7. 9 |
- | 3 7 3. 3 |
6 3 3. 6 |
| f l N i i t t > o. o c n c s a g e r |
- | - | - | 8 | 1 | 1 9 |
- | 2 5 |
5 3 |
| f l N i i t t < o. o c n c s a r g e |
- | - | - | 4 | 2 | 2 1 |
- | 3 0 |
5 7 |
1 Includes all hospitals acquired from Rhön Klinikum, €12 m integration costs allocated to individual hospitals.
| € m |
Q / 2 0 4 1 5 |
h G t o r w Q 4 Y Y o |
/ 2 0 F Y 1 5 |
h G t o r w F Y Y Y o |
|---|---|---|---|---|
| b l h d l f l E i i i i t t s a s e c n c p o o o r |
0 9 1, 4 |
4 % |
3 9 5, 7 |
3 % |
| A i i i t c q u s o n s ( l da ) i t io 1 co ns o n < y r |
2 | 1 9 9 |
||
| l l T t o a s a e s |
1, 4 1 1 |
4 % |
5, 5 7 8 |
6 % |
| 2 0 1 5 |
2 0 1 4 |
h C a n g e |
|
|---|---|---|---|
| f h l N i t o o o s p a s A l i i t c u e c a r e c n c s - l P t- t i i o s a c u e c a r e c n c s - |
1 1 1 8 7 2 4 |
1 1 0 8 6 2 4 |
1 % 1 % 0 % |
| f b d N o o e s l A t i i c u e c a r e c n c s - l P i i t- t o s a c e c a e c n c s u r - |
3 4 0 7 6 , 2 8, 9 1 4 5, 1 6 2 |
3 4 1 8 8 , 2 9, 0 6 8 5, 1 2 0 |
0 % % -1 1 % |
| d i i A m o n s s s ( ) A i i t t t c e c a e n p a e n u r - |
1, 1 9 3, 4 2 3 |
1, 1 4 8, 4 7 3 |
4 % |
| O p n c c u a c y P t- t o s a c e c a e u r - |
8 2 % |
8 3 % |
|
| l h f ( d ) A t t e a g e e n g o s a a s v r y y A t c u e c a r e - P t- t o s a c e c a e u r - |
6. 4 2 6. 4 |
6. 6 2 6. 5 |
|
| d d b % f l B t i a e n o s a e s |
0 2 % |
0 3 % |
Conference Call – 2015 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, February 24, 2016
| A i i i t c q u s o n s |
A l i d l n n u a z e s a e s |
||||
|---|---|---|---|---|---|
| k h l D i e o z e n |
€ 8 m ~ |
l d d f l 2 0 i t A i 1, 1 5 c o n s o a e a s o p r |
|||
| d b N i e e e g r r |
( ) € 6 7 2 0 1 4 m ~ |
l d d / i i i Q 2 2 0 1 6 t t c o n s o a o n e p e c e n x |
| € m |
2 0 1 5 |
2 0 1 4 |
k R 2 0 1 5 e m a s r |
|---|---|---|---|
| l S a e s |
5, 5 7 8 |
5, 2 4 4 |
les h 3 % ic t o rg an sa g ro w |
| E B I T D A Ma in % rg |
8 3 1 1 4. 9 |
7 3 2 1 4. 0 |
|
| / D i i i i t t t e p e c a o n a m o a o n r r z |
-1 9 1 |
-1 7 9 |
|
| E B I T % Ma in rg |
6 4 0 1 1. 5 |
5 5 3 0. 1 5 |
|
| N i t t t e n e e s r |
8 -4 |
-5 6 |
|
| f E i b d t a r n n g s e o r e a x e s a n l l i i t t t n o n c o n r o n g n e r e s |
5 9 2 |
4 9 7 |
|
| I t n c o m e a x e s |
0 8 -1 |
-8 6 |
|
| Ta % te x ra |
1 8. 2 |
1 7. 3 |
|
| l l N i i t t t o n c o n o n g n e e s r r |
-1 | -1 1 |
f 4 Pu ha 9 % mi rity ha Go t ha rc se o no s re |
| 1 N i t e n c o m e |
4 8 3 |
4 0 0 |
Before special items
1Attributable to shareholders of HELIOS Kliniken GmbH
| € m |
2 0 1 5 |
2 0 1 4 |
k 2 0 R 1 5 e m a s r |
|---|---|---|---|
| 1 N i t e n c o m e ( in l. l l in in ) tr te t c no nc on o g re s |
8 5 0 |
3 9 1 |
|
| i i / i i D t t t e p r e c a o n a m o r z a o n |
9 1 1 |
9 1 7 |
|
| h k l C i i i t a n g e n o n g c a p a w r |
-8 0 |
-1 2 |
|
| f f C h l i t a s o w r o m o p e r a o n s Ma in % rg |
6 1 8 1 1. 1 |
5 5 8 1 0. 6 |
|
| C A P E X t n e , |
-2 7 1 |
-2 6 3 |
|
| C h f l a s o w be fo is i io d d iv i de ds t re a cq u ns a n n |
3 4 7 |
2 9 5 |
|
| i i i A t t c q u s o n s, n e |
4 7 |
0 -7 5 |
Div f ho ita ls d Z ka tm t o Bo es en sp rna a n we n u Fin l p ha ice R hö a urc se pr n Pu ha f 4 9 % mi rity ha Go ha t rc se o no s re |
| h f l F fo ( be d iv i de ds ) e e c a s o r w re n |
3 9 4 |
-4 5 5 |
1After special items
| € m |
2 0 1 5 |
2 0 1 4 |
k 2 0 R 1 5 e m a r s |
|---|---|---|---|
| b l A t i c c o u n s r e c e v a e |
6 5 4 |
6 2 6 |
D S O 2 0 1 5: 4 3 da ( 2 0 1 4: 4 2 ) y s |
| l d P i t t t ( ) o p e p a n a n e q p m e n t r r y, u ne |
2, 5 3 8 |
2, 4 7 3 |
|
| G d l l i o o w |
3 4, 4 4 |
3 8 6 4, |
|
| h O t t e a s s e s r |
7 9 5 |
8 6 7 |
|
| T l t t o a a s s e s |
8, 4 3 0 |
8, 3 5 2 |
|
| b D t e |
1, 2 8 2 |
1, 3 9 4 |
l. de b fro In 2 0 0 5 H E L I O S t c m ( € 6 0 0 ) is i t io ac q n m u |
| h l b l O i i i i t t e a e s r |
1, 5 1 4 |
1, 5 0 7 |
|
| E i t ( in l. l l in in ) tr te t q u y c no nc on o g re s |
6 3 5, 4 |
1 5, 4 5 |
|
| l l i b i l i i d T t t o a a e s a n h h l d ' i t s a r e o e r s e q u y |
8, 4 3 0 |
8, 3 5 2 |
| € m |
/ Q 4 2 0 1 5 |
G h t r o w Q 4 Y Y o |
/ F Y 2 0 1 5 |
G h t r o w F Y Y Y o |
|---|---|---|---|---|
| P j b i t r o e c u s n e s s |
2 4 2 |
4 % - |
5 7 5 |
3 % |
| b S i i e c e s n e s s r v u |
1 4 5 |
7 % |
5 4 3 |
1 2 % |
| l l T t o a s a e s |
3 8 7 |
0 % |
1, 1 1 8 |
7 % |
| l T t E B I T o a Ma in rg |
3 4 8. 8 % |
6 % 5 0 bp s |
6 4 5. 7 % |
8 % 0 bp s |
| 1 O d k i t r e r n a e |
2 8 4 |
6 % 1 4 |
9 0 4 |
8 % |
| 1 d b k l O e a c o g r r |
1, 6 5 0 |
1 8 % |
1Project business only
Conference Call – 2015 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, February 24, 2016
| € m |
2 0 1 5 |
2 0 1 4 |
k R 2 0 1 5 e m a s r |
|---|---|---|---|
| l S a e s |
1, 1 1 8 |
1, 0 4 2 |
6 % ic h t o rg an g ro w |
| E B I T D A |
7 5 |
7 1 |
|
| Ma in % rg |
6. 7 |
6. 8 |
|
| E B I T |
6 4 |
9 5 |
|
| Ma in % rg |
5. 7 |
5. 7 |
|
| N i t t t e n e e s r |
-3 | -1 | |
| i b f E t a r n n g s e o r e a x e s |
|||
| d l l t i i t t a n n o n c o n r o n g n e r e s |
6 1 |
8 5 |
|
| I t n c o m e a x e s |
-1 6 |
-1 6 |
|
| Ta % t ra e x |
2 6. 2 |
2 1 7. |
|
| l l N i i t t t o n o n o n g n e e c r r s |
-1 | -1 | |
| 1 N t i e n c o m e |
4 4 |
4 1 |
|
| ( b f ) R O E % t e o e a e s r x |
1 9 4 |
2 0. 4 |
Attributable to shareholders of Vamed AG
Conference Call – 2015 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, February 24, 2016
| € m |
2 0 1 5 |
2 0 1 4 |
k R 2 0 1 5 e m a s r |
|---|---|---|---|
| i N t e n c o m e ( l. l l ) in tr in in te t c no nc on o g re s |
4 5 |
2 4 |
|
| / D i i i i t t t e p r e c a o n a m o r z a o n |
1 1 |
1 2 |
|
| C h i k i i l t a n g e n w o r n g c a p a |
-3 | -6 3 |
|
| h f l f C i t a s o o m o p e a o n s w r r Ma in % rg |
5 3 4. 7 |
-9 -0 9 |
|
| C A P E X t n e , |
-1 1 |
-9 | |
| h f l C o a s w ( be fo is i io d d iv i de ds ) t re a cq u ns a n n |
4 2 |
-1 8 |
|
| A i i t i t c q s o n s, n e u |
-4 | 0 -1 |
|
| h f l F r e e c a s o w ( be fo d iv i de ds ) re n |
3 8 |
-2 8 |
| € m |
2 0 1 5 |
2 0 1 4 |
R k 2 0 1 5 e m a r s |
|---|---|---|---|
| b l A i t c c o n s e c e a e u r v |
8 1 9 |
2 0 1 |
da D S O 2 0 1 5: 6 5 y s ( ) 2 0 1 4: 7 0 |
| l d i P t t t r o p e r y, p a n a n e q u p m e n |
7 1 |
6 8 |
|
| b l I i t t n a n g e a s s e s |
1 0 4 |
1 0 5 |
|
| h O t t e a s s e s r |
6 1 5 |
5 1 7 |
|
| T l t t o a a s s e s |
8 8 9 |
8 9 1 |
|
| b D t e |
1 6 1 |
9 1 5 |
|
| h l b l O i i i i t t e a e s r |
5 1 3 |
4 4 7 |
|
| E i t q u y ( l. l l ) i i i t t t n c n o n c o n o n g n e e s r r |
3 1 4 |
2 8 5 |
|
| l l i b i l i i d T t t o a a e s a n h h l d ' i t s a e o e s e q r r u y |
9 8 8 |
8 9 1 |
| / F Y 2 0 1 5 U S G A A P |
/ F Y 2 0 1 5 I F R S |
|
|---|---|---|
| S l a e s |
2 7, 6 2 6 |
2 7, 9 9 5 |
| 1 E B I T |
3, 9 8 5 |
0 0 1 4, |
| N t i t t e n e r e s |
6 3 1 - |
6 3 1 - |
| 2 N i t e n c o m e |
1, 3 5 8 |
1, 3 8 6 |
| 3 N i t e n c o m e |
1, 4 2 3 |
1, 4 3 6 |
| h f l O i C t p e r a n g a s o w |
3, 3 2 7 |
3, 3 4 9 |
| B l h l t t t a a n c e s e e o a |
4 3, 1 7 0 |
4 3, 3 8 7 |
1Before special items
2 Net income attributable to shareholders of Fresenius SE & Co. KGaA
3Net income attributable to shareholders of Fresenius SE & Co. KGaA; before special items
For a detailed overview of special items please see the reconciliation tables on slides 43 – 44.
The Group's U.S. GAAP financial results as of December 31, 2015 and December 31, 2014 comprise special items. Net income attributable to shareholders of Fresenius SE& Co.KGaA was adjusted for these special items. The table below shows the special items and the reconciliation from net income (before special items) to earnings according to U.S. GAAP.
| €m | Q 4/ 20 be for 15 e ial ite sp ec ms |
eff icie ncy pro gra m |
Q 4/ 20 15 ord ing to acc P ( l. U.S . G AA inc ial ) ite sp ec ms |
Q 4/ 20 be for 14 e ial ite sp ec ms |
al Fe nw int rat ion eg sts co |
int ion rat eg fo sts co r d R hö ire ac qu n ho ls ita sp |
Q 4/ 20 14 ord ing to acc P ( l. U.S . G AA inc ial ) ite sp ec ms |
|---|---|---|---|---|---|---|---|
| le Sa s |
7, 2 5 7 |
7, 2 5 7 |
6, 5 2 0 |
6, 5 2 0 |
|||
| E B I T l In te t r t re s es u |
1, 1 0 9 3 -1 7 |
-5 5 |
1, 0 5 4 3 -1 7 |
9 3 5 -1 7 1 |
-4 4 |
3 9 - |
8 5 2 -1 7 1 |
| Ne in be fo t ta co m e re xe s In ta co me xe s |
9 7 2 -2 8 0 |
-5 5 0 |
9 1 7 -2 8 0 |
7 6 4 -1 9 6 |
-4 4 1 5 |
-3 9 7 |
6 8 1 -1 7 4 |
| Ne in t co m e l l Le tro ing in te t ss no nc on re s |
6 9 2 -2 7 8 |
-5 5 |
6 3 7 -2 7 8 |
5 6 8 -2 5 0 |
-2 9 |
3 2 - |
5 0 7 -2 5 0 |
| in i bu b le Ne t t tr ta co m e a ha ho l de f iu S to Fr E s re rs o es en s & Co K Ga A |
4 1 4 |
5 5 - |
3 5 9 |
3 1 8 |
2 9 - |
3 2 - |
2 5 7 |
The special items are reported in the Group Corporate/Other segment.
The Group's U.S. GAAP financial results as of December 31, 2015 and December 31, 2014 comprise special items. Net income attributable to shareholders of Fresenius SE& Co.KGaA was adjusted for these special items. The table below shows the special items and the reconciliation from net income (before special items) to earnings according to U.S. GAAP.
| €m | FY/ 20 15 be for e ial sp ec ite ms |
eff icie ncy pro gra m |
int ion rat eg fo sts co r ed uir acq Rh ön ho ls ita sp |
dis l po sa ins fr ga om tw o HE LIO S ho ls ita sp |
FY/ 20 15 ord ing acc to U.S . G AA P ( l. inc ial sp ec ) ite ms |
FY/ 20 14 be for e ial sp ec ite ms |
al Fe nw int rat ion eg sts co |
int ion rat eg fo sts co r ed uir acq Rh ön ho ls ita sp |
dis l po sa ins fr ga om tw o HE LIO S ho ls ita sp |
dis l po sa fro in ga m Rh ön ke sta |
FY/ 20 14 ord ing acc to U.S . G AA P ( l. inc ial sp ec ) ite ms |
|---|---|---|---|---|---|---|---|---|---|---|---|
| le Sa s |
2 7, 6 2 6 |
2 7, 6 2 6 |
2 3, 2 3 1 |
2 3, 2 3 1 |
|||||||
| E B I T l In te t r t re s es u |
3, 9 5 8 -6 3 1 |
-1 0 5 |
1 2 - |
3 4 |
3, 8 7 5 -6 3 1 |
3, 1 5 8 -6 0 2 |
-5 0 |
5 1 - |
2 2 |
3 5 |
3, 1 1 4 -6 0 2 |
| Ne in be fo t ta co m e re xe s In ta co me xe s |
3, 3 4 5 -9 8 3 |
-1 0 5 1 6 |
-1 2 2 |
3 4 |
3, 2 6 2 -9 6 5 |
2, 5 5 6 -7 2 5 |
-5 0 1 7 |
-5 1 1 0 |
2 2 -1 |
3 5 -1 |
2, 5 1 2 -7 0 0 |
| Ne in t co m e l l Le ing in tro te t ss no nc on re s |
2, 3 6 2 -9 3 9 |
-8 9 |
1 0 - |
3 4 |
2, 2 9 7 -9 3 9 |
1, 8 3 1 -7 4 5 |
-3 3 |
4 1 - |
2 1 |
3 4 |
1, 8 1 2 -7 4 5 |
| in i bu b le Ne t t tr ta co m e a ha ho l de f to s re rs o Fr iu S E & Co K Ga A es en s |
1, 4 2 3 |
8 9 - |
1 0 - |
3 4 |
1, 3 5 8 |
1, 0 8 6 |
3 3 - |
4 1 - |
2 1 |
3 4 |
1, 0 6 7 |
The special items are reported in the Group Corporate/Other segment.
Number of shares1 545,727,950 Ticker symbol FRE Bloomberg symbol FRE GR Reuters symbol FREG.de
WKN / ISIN 578560 / DE0005785604
Ticker symbol FSNUY Depositary bank Deutsche Bank
Ratio 4 ADRs = 1 ordinary share ADR CUSIP / ISIN 35804M105 / US35804M1053 Exchange OTCQX International Premier Structure Sponsored Level I ADR
1As of December 31, 2015
| 0 3 0 2 0 6 5 1 |
t 2 0 6 R 1 1 t t s e p o o n q e r u a r r |
|---|---|
| 3 0 2 0 6 1 5 1 |
f l G l k / A M i F M i t t n n a e n e a e e n g a n a n u r r u r , |
| 0 2 0 8 2 0 6 1 |
d 2 2 0 6 R 1 t t n e p o o n q a e r u r r |
| 2 0 2 0 6 7 1 1 |
d 3 2 0 6 R 1 t t r e p o o n q a e r u r r |
Please note that these dates could be subject to change.
Investor RelationsFresenius SE & Co. KGaA
phone: +49 6172 608-2487 e-mail: [email protected]
For further information and current news: www.fresenius.com
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