Investor Presentation • Aug 2, 2011
Investor Presentation
Open in ViewerOpens in native device viewer
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.
| S l a e s |
E B I T |
1 N i t e n c o m e |
|
|---|---|---|---|
| / 1 1 1 H |
€ 8 0 0 4 m , |
€ 1 2 0 7 m , |
€ 3 6 3 m |
| h G t t t t o a c o n s a n r w t c e n c a e s u r r y r |
6 % |
% 1 1 |
2 2 % |
| G h l t t t r o w a a c u a t c u r r e n c y r a e s |
% 4 |
8 % |
2 0 % |
Net income attributable to Fresenius SE & Co. KGaA and before special items due to MEB and CVR accounting
Analyst Conference Call – H1/2011 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, August 2, 2011 Page 3
| / H 1 1 1 |
F i F i r e s e n u s r e s e n u s M d i l C K b i e c a a r e a |
F i r e s e n u s H l i e o s |
F i r e s e n u s V d a m e |
|
|---|---|---|---|---|
| l S a e s h G t o r w |
\$ U S 6 2 3 0 m , 7 % |
€ 1 9 7 1 m , 1 3 % |
€ 1 2 9 3 m , 6 % |
€ 3 1 3 m 7 % - |
| E B I T h G t o r w |
\$ S 9 U 5 5 m 7 % |
€ 4 1 1 m 1 8 % |
€ 1 2 3 m 1 2 % |
€ 1 2 m 2 0 % - |
Maximum care hospital Krefeld (>1,000 beds) Construction phase I Construction phase II
Analyst Conference Call – H1/2011 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, August 2, 2011 Page 8 CHMP (EMA's Committee for Medicinal Products for Human Use); 2 Follow-up results for the pivotal study Removab (catumaxomab) – trifunctional antibody; ATG Fresenius S – immunsuppressive agent
| G h t t t t t r o w a c o n s a n r a e s |
|||||
|---|---|---|---|---|---|
| € m |
/ Q 2 1 1 |
/ H 1 1 1 |
/ Q 2 1 1 |
/ H 1 1 1 |
|
| l S a e s |
0 2 4 4 , |
8 0 0 4 , |
6 % |
6 % |
|
| E B I T |
6 3 2 |
1 2 0 7 , |
8 % |
1 1 % |
|
| N i t t t e n e r e s |
1 4 1 - |
2 6 7 - |
0 % 1 - |
% 1 - |
|
| I t n c o m e a e s x |
1 5 3 - |
2 8 8 - |
9 % - |
1 1 % - |
|
| 1 N i t e n c o m e |
1 9 3 |
3 6 3 |
1 0 % |
2 2 % |
1 Net income attributable to Fresenius SE & Co. KGaA and before special items due to MEB and CVR accounting
Analyst Conference Call – H1/2011 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, August 2, 2011 Page 10
| € m |
/ H 1 1 1 |
/ H 1 1 0 |
G h t r o w |
|---|---|---|---|
| E o p e u r M i g n a r |
9 1 1 2 1 0 % |
8 1 7 2 1 3 % |
% 7 |
| h N A i t o m e r r c a M i g n a r |
2 0 0 3 8 5 % |
3 8 1 3 1 0 % |
% 4 5 |
| 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 - M i a r g n |
1 0 4 9 2 % 1 |
8 1 % 1 7 5 |
2 8 % |
| d C C & t t R D o p o a e a n o p o a e r r r r |
8 4 - |
0 5 - |
6 8 % - |
| T l E B I T t o a |
4 1 1 |
3 4 7 |
8 % 1 |
| M i a r g n |
2 0 9 % |
1 9 9 % |
| € m |
/ H 1 1 1 |
/ H 0 1 1 |
G h t r o w |
|---|---|---|---|
| T l l t o a s a e s |
1 2 9 3 , |
1 2 2 3 , |
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 M i a g n r |
2 1 4 9 7 % |
0 1 1 9 0 % |
3 % 1 |
| A i i i t c q s o n s u ( l d ) i i 1 t < c o n s o a o n y r |
1 - |
0 | |
| T l E B I T t o a |
1 2 3 |
1 1 0 |
% 1 2 |
| M i a r g n |
% 9 5 |
% 9 0 |
| € m |
/ H 1 1 1 |
/ H 1 1 0 |
G h t r o w |
|---|---|---|---|
| b P j i t r o e c u s n e s s b S i i e c e s n e s s r v u |
2 0 2 1 1 1 |
2 3 0 8 1 0 |
2 % 1 - 3 % |
| l l T t o a s a e s |
3 1 3 |
8 3 3 |
% 7 - |
| T l E B I T t o a M i a r g n |
1 2 % 3 8 |
1 5 % 4 4 |
2 0 % - |
| 1 O d i k t r e r n a e 1 O d b k l r e r a c o g |
1 6 4 7 6 2 |
3 2 8 2 8 0 1 |
% 5 0 - % 5 - |
Project business only
Analyst Conference Call – H1/2011 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, August 2, 2011 Page 13
| € m |
O p e r a |
i C F t n g |
( ) t x n e |
1 C h l F F r e e a s o w |
||
|---|---|---|---|---|---|---|
| Q / 2 1 1 |
i L T M M a r g n |
Q / 2 1 1 |
i L T M M a r g n |
Q / 2 1 1 |
i L T M M a r g n |
|
| 1 3 8 |
1 5 0 % |
( ) 3 6 |
( ) 4 7 % |
1 0 2 |
1 0 3 % |
|
| 3 5 |
% 1 1 5 |
( 2 2 ) |
( % ) 4 5 |
3 1 |
3 0 % 7 |
|
| 1 9 - |
2 8 % |
( ) 1 |
( ) 1 0 % |
2 0 - |
1 % 7 |
|
| C / t o r p o r a e O h t e r |
1 9 - |
/ n a |
( ) 5 |
/ n a |
2 4 - |
/ n a |
| l. C F M e x c |
3 1 5 |
2 2 8 % 1 |
( ) 6 4 |
( ) % 4 5 |
8 9 |
2 8 3 % |
| G r o u p |
3 7 2 |
1 0 8 % |
( ) 1 4 5 |
( ) 4 3 % |
2 2 7 |
6 5 % |
1 Before Acquisitions and Dividends
2 Incl. FMC dividend
Analyst Conference Call – H1/2011 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, August 2, 2011 Page 14 3 Understated: 9.3% excluding €58 million of capex commitments from acquisitions Margin = in % of sales
| J 3 0 u n , 2 0 1 1 |
D 3 1 e c , 2 0 1 0 |
d b / N E B I T D A t t e e |
|
|---|---|---|---|
| b ( ) D € t e m \$ h f 5 6 % U S t e r e o d i d t e n o m n a e |
9 0 1 2 , |
8 7 8 4 , |
T t 3. 6 4 a r g e 2 0 1 1 : 2 5 3 0 – 3. 5 1 |
| d b ( ) N € t t e e m |
8 4 0 4 , |
8 0 1 5 , |
3. 0 7 |
| d b / N t t E B I T D A e e |
2 6 6 |
2 2 6 |
3. 0 1 2. 7 5 2. 3 2. 3 6 6 2. 6 3 |
| / E B I T D A I t t n e r e s |
5 5 |
5 4 |
2. 6 2 2. 6 6 2. 5 2 l t a tu a c a de l t i t ica F X- te a n ra s |
| 8 8 8 9 9 9 0 0 0 1 1 7 8 9 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 1 / / / / / / / / / / / / / / / 2 2 2 2 1 3 1 3 1 3 1 E E E E Q Q Q Q Q Q Q Q Q Q Q Y Y Y Y |
Debt excludes Mandatory Exchangeable Bonds
| i P r e v o u s |
N e w |
|||
|---|---|---|---|---|
| F i r e s e n s u b i K a |
S l h t a e s g r o w E B I T i m a g n r |
% 5 i > o r g a n c 1 9 2 0 % – |
8 % i o r g a n c ~ 2 0 % ~ |
|
| F i r e s e n s u H l i e o s |
S l h t a e s g r o w E B I T |
3 % 5 i o r g a n c – € 2 5 0 2 6 0 m – |
€ 2 6 0 m ~ |
|
| i F r e s e n u s V d a m e |
l h S t a e s g r o w h E B I T t g r o w |
5 1 0 % – 0 % 5 1 – |
0 5 % – 0 % 5 – |
|
| i F r e s e n u s B i h t o e c |
E B I T |
€ 3 0 m ~ - |
"_" →upper half of range
Analyst Conference Call – H1/2011 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, August 2, 2011 Page 16
| i P r e v o u s |
N e w |
||
|---|---|---|---|
| h R t e e n e g o v u r w t t t a c o n s a n c u r r e n c y |
8 7 % – |
f d i o n m e c r |
|
| 1 h N i t t e n c o m e g r o w t t t a c o n s a n c e n c u r r y |
1 2 1 6 % – |
1 5 1 8 % – |
|
| C a p e x |
f l % G 5 o o p s a e s r u ~ |
f d i c o n m e r |
1 Net income attributable to Fresenius SE & Co. KGaA and before special items due to MEB and CVR accounting
On March 4, 2011, the CVRs have been delisted from the NASDAQ and the NASDAQ suspended trading in the CVRs effective the close of trading on that day.
Calculation since March 4, 2011: Δ between trading price of US\$0.04 at December 31, 2010 and value zero multiplied by 163.3 million CVRs = US\$6.7 million = €4.9 million.
| € m |
/ H 1 1 1 |
/ F Y 1 0 |
|---|---|---|
| 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 |
7 8 0 |
1 7 8 6 , |
| T a x e s |
2 4 3 - |
8 5 1 - |
| l l h f N i i t t t, t o n o n o n g n e e e e o c r r s r |
2 8 0 - |
8 3 5 - |
| d l C F i M i i t t r e s e n u s e c a a r e n e n c o m e n o b b l ( ) i F i 6 5 % t t t t a a e o e s e n s r u r u ~ |
2 2 2 - |
6 4 7 - |
| 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 F Y 2 0 1 0 U S 8 7 H 1 2 0 1 1 U S 5 5 i m m a c c o n g : : r , i d i l C 's i i l S ) t F M F t t t o r e s e n u s e c a a r e n a n c a a e m e n s |
3 8 - |
6 6 - |
| l l h l d b N i i i F i K i t t t o n c o n o n g n e e s o e s n e s e n s a r r r r u ( € ), l ( € ) d d 1 1 F i H i 7 t m r e s e n u s e o s m a n u e o - - d 's l h ( ) F i V 2 3 % i € 2 t e s e n s a m e e e n a o n e s p m r u x r w r - |
2 0 - |
4 1 - |
| b b l S & C G N i i F i E K A t t t t t e n o m e e o e e n o c a r u a r s u s a |
2 5 7 |
6 2 2 |
| € m |
Q / 2 1 1 |
L T M i M a r g n |
Q / 2 1 0 |
L T M i M a r g n |
G h t r o w Y Y o |
|---|---|---|---|---|---|
| O i C h l F t p e r a n g a s o w |
3 7 2 |
% 1 0 8 |
3 6 7 |
% 1 1 8 |
% 1 |
| C ( ) t a p e x n e |
1 4 5 - |
3 % 4 - |
9 0 1 - |
6 % 4 - |
2 % 4 |
| F C h F l r e e a s o w ( b f i i i d d i i d d ) t e o r e a c q u s o n s a n v e n s |
2 2 7 |
% 6 5 |
1 7 7 |
1 % 7 |
2 8 % |
| ( ) A i i i t t c q u s o n s n e |
5 9 7 - |
6 5 - |
|||
| i i d d D e n s v |
2 8 8 - |
2 7 2 - |
6 % |
||
| F C h F l r e e a s o w ( f d d d d ) t i i t i i i a e a c q s o n s a n e n s r u v |
8 6 5 - |
% 3 1 - |
1 6 0 - |
% 3 5 |
| € m |
O p e r a |
( ) i C C F t t n g a p e n e x |
C F r e e a |
1 h l F s o w |
||
|---|---|---|---|---|---|---|
| / L T M H 1 1 1 |
L T M M i a r g n |
/ L T M H 1 1 1 |
L T M M i a r g n |
/ L T M H 1 1 1 |
L T M M i a r g n |
|
| 5 8 3 |
1 5 0 % |
( ) 1 8 2 |
( ) 4 7 % |
4 0 1 |
1 0 3 % |
|
| 2 9 9 |
% 1 1 5 |
( ) 1 1 7 |
( % ) 4 5 |
8 2 1 |
3 0 % 7 |
|
| 1 9 |
2 8 % |
( ) 7 |
( ) 1 0 % |
1 2 |
1 7 % |
|
| / C t o r p o r a e O h t e r |
3 9 - |
/ n a |
( 6 ) 1 |
/ n a |
5 5 - |
/ n a |
| l. F M C e x c |
8 2 6 |
2 2 8 % 1 |
( ) 3 2 2 |
( ) % 4 5 |
0 5 4 |
2 8 3 % |
| G r o u p |
1 7 5 6 , |
1 0 8 % |
( ) 7 0 5 |
( ) 4 3 % |
1 0 5 1 , |
6 5 % |
1 Before Acquisitions and Dividends
2 Incl. FMC dividend
Analyst Conference Call – H1/2011 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, August 2, 2011 Page 22 3 Understated: 9.3% excluding €58 million of Capex commitments from acquisitions Margin = in % of sales
| € m |
/ H 1 1 1 |
/ H 1 1 0 |
O i r g a n c G h t r o w |
|---|---|---|---|
| f h I i T n u s o n e r a p y |
4 4 3 |
4 1 2 |
5 % |
| I V D r u g s |
7 3 2 |
6 0 7 |
2 4 % |
| l l C i i N i i t t n c a u r o n |
0 5 6 |
2 5 1 |
9 % |
| d l / M i D i e e e c a v c s f h l T i T r a n s u s o n e c n o o g y |
2 3 6 |
2 1 4 |
9 % |
| T l l t o a s a e s |
9 1 7 1 , |
1 7 4 5 , |
3 % 1 |
| € m |
/ H 1 1 1 |
/ H 1 1 0 |
O i r g a n c G h t r o w |
|---|---|---|---|
| E u r o p e |
9 0 9 |
8 3 6 |
% 7 |
| h N A i t o r m e r c a |
5 1 9 |
4 4 5 |
2 2 % |
| f A i P i i s a a c c - |
3 3 2 |
2 7 9 |
1 9 % |
| / f L i A i A i t a n m e r c a r c a |
2 1 1 |
8 1 5 |
2 % 1 |
| T l l t o a s a e s |
1 9 7 1 , |
1 7 4 5 , |
1 3 % |
| € m |
/ H 1 1 1 |
/ H 0 1 1 |
G h t r o w |
|---|---|---|---|
| b l h d l f l E i i i i t t s a s e c n c p o r o o |
1 2 7 6 , |
1 2 2 3 , |
4 % |
| A i i i t c q s o n s ( l i d i 1 ) u t < c o n s o a o n y r |
1 7 |
||
| D i i t t ( d l d ) v e s u r e s i i 1 t < e c o n s o a o n y r |
0 | ||
| l l T t o a s a e s |
2 9 3 1 , |
2 2 3 1 , |
% 6 |
| / H 1 1 1 |
/ H 1 1 0 |
C h a n g e |
|
|---|---|---|---|
| 1 f h l N i t o o o s p a s l A t i i 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 - |
6 3 3 4 2 0 |
6 2 2 4 2 0 |
2 % 2 % 0 % |
| 1 f b d N o o e s l i i A 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 - |
8 9 0 1 4 , 1 3 5 4 7 , 3 6 4 7 , |
8 6 1 5 4 , 1 0 9 5 7 , 3 6 4 7 , |
2 % 2 % 0 % |
| 2 d i i A m s s o n s ( i i ) A t t t c u e c a r e n p a e n - |
3 1 2 4 7 4 , |
3 0 2 0 5 7 , |
% 4 |
| 2 O c c p a n c u y P t- t o e e s a c u c a r - |
7 9 % |
8 0 % |
|
| 2 l h f ( d ) A t t v e r a g e e n g o s a y a y s A t c e c a e u r - P t- t o e e s a c u c a r - |
6 7 2 9 6 |
6 9 2 9 9 |
1Dec 31, 2010
2Clinics in Germany
| A i i i t c q u s o n s |
d A l i l n n u a z e s a e s |
||
|---|---|---|---|
| l l d H i H t t t, o s p a e m s e L S o e a o n w r x y |
€ 3 2 m ~ |
l d d f i J 1 2 0 1 1 t c o n s o a e a s o a n , |
|
| A i i i f J l 1 2 0 1 1 t c q u s o n a s o u y , |
|||
| l l, H i R i t t t o s p a o e w d b B W t t a e n u e r e m e r g - |
3 € 1 m ~ |
l d d f l 2 0 i J 1 1 1 t c o n s o a e a s o u y , |
| € m |
/ H 1 1 1 U S G A A P |
/ H 1 1 1 I F R S |
|---|---|---|
| l S a e s |
8 0 0 4 , |
8 0 0 4 , |
| E B I T |
2 0 1 7 , |
1 2 1 1 , |
| N i t t t e n e e s r |
2 7 6 - |
2 7 6 - |
| 1 N i t e n c o m e |
2 5 7 |
2 5 8 |
| 2 i N t e n c o m e |
3 6 3 |
3 6 4 |
| h f l O i C t p e r a n g a s o w |
6 5 0 |
6 5 4 |
| l h l B t t t a a n e s e e o a c |
2 3 9 0 9 , |
2 8 8 4 0 , |
1Net income attributable to Fresenius SE & Co. KGaA
2Net income attributable to Fresenius SE & Co. KGaA before special items due to MEB and CVR accounting
Analyst Conference Call – H1/2011 Results, Fresenius SE & Co. KGaA, Investor Relations © Copyright, August 2, 2011 Page 28
Birgit Grund SVP Investor Relations Fresenius SE & Co. KGaA
Telephone: +49 6172 608-2485 e-mail:[email protected]
For further information and current news: http://www.fresenius.com
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.