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Fresenius SE & Co. KGaA

Investor Presentation • Mar 16, 2011

166_ip_2011-03-16_fbfcc041-dc48-40ca-a6b7-9e6e54697b4a.pdf

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Citigroup - Global Health Care Conference

March 1, 2011

Safe Harbor Statement

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.

Achieving Profitable Growth in Attractive Health Care Segments

Fresenius Medical Care is fully consolidated in the financial statements of Fresenius SE & Co. KGaA

2010 – An Outstanding Year for Fresenius

    • Record sales and earnings – guidance / mid-term targets fully met or exceeded
  • -Double-digit earnings growth in all business segments
  • -Significant IV drug growth in North America
  • -Share conversion and change of legal form

Fresenius Group: Financial Results

5-year CAGR: 10%

EBIT5-year CAGR: 14%

Net Income5-year CAGR: 19%

Group financial results before APP-transaction-related special items

Fresenius Group: 15/15 Mid-term Goal Exceeded

Fresenius Group: Financial Results by Business Segment

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Fresenius Group: Distribution of Sales and Group Net Income

Fresenius Medical Care Fresenius excluding Fresenius Medical Care

1Net income attributable to Fresenius SE & Co. KGaA and before special items due to MEB and CVR accounting

€Fresenius SE & Co. KGaA: 18th Consecutive Dividend Increase Proposed

Fresenius Kabi: Achievements 2010

  • Outstanding organic sales growth of 12%, strong 20.1% EBIT margin
  • 29% sales growth at APP Pharmaceuticals driven by
  • new product launches (2010: 7 APP, 3 Kabi Oncology approvals, e.g. Oxaliplatin, Aztreonam, Topotecan)
  • drug shortage related sales, in particular Propofol
  • APP acquisition is clearly accretive to 2010 Group EPS

Fresenius Kabi: An Attractive Emerging Market and Patent-Cliff Play

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Patent-cliff drives injectable generic growth

  • US: >US\$22 bn in branded sales1 will go off-patent by 2020
  • 28 ANDAs pending plus ~40 products in development at APP
  • Additional growth momentum outside the US

1Based on 2009 revenues

Fresenius Helios: Achievements 2010

  • 5% organic sales growth
  • patient admissions +4%
  • price/mix +1%
  • Record 9.3% EBIT margin (+80 bps)
  • Continued quality improvement: 85% of quality targets met or exceeded (2009: 82%)
  • 267-bed Helmstedt hospital (Lower Saxony) acquired Maximum-care hospitals

Fresenius Vamed: Achievements 2010

  • Excellent year with 15% sales and 14% EBIT growth – exceeding guidance
  • Project business sales +16% Service business sales +14%
  • Order entry (€625 million) and order backlog (€801 million) at or near all-time high
  • Major Q4/10 orders turnkey hospital project in Gabon (€76 million), rehab center in Austria (€22 million)

Fresenius Group: Financial Outlook

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Fresenius Group: Financial Outlook

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1 Net income attributable to Fresenius SE & Co. KGaA and before special items due to MEB and CVR accounting

Fresenius Group: Where are we Heading Mid term?

Additional growth through small / mid-sized acquisitions

Focus on quality and cost leadership

Mid-term stretch financial goal: Group net income >€1 bn by 2014

Attachments

Fresenius Group: Profit and Loss Statement

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1 Net income attributable to Fresenius SE & Co. KGaA and before special items due to MEB and CVR accounting

Cash Flow Development

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1 Before Acquisitions and Dividends

2 Incl. FMC dividend

3 Understated: 8.7% excluding €70 million of Capex commitments from acquisitions

Margin = in % of sales

Fresenius Group: Debt and Interest Ratios

Debt excludes Mandatory Exchangeable Bonds

Fresenius Kabi: Strong Organic Sales Growth

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Fresenius Kabi: Strong Organic Sales Growth

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Fresenius Kabi: EBIT Fully in Line with Upgraded Guidance

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Fresenius Helios:

Sales and EBIT Growth Fully in Line with Upgraded Guidance

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1 Prior year EBIT split adjusted to current portfolio

Fresenius Helios: 2010 Restructuring Plan

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IFRS

Fresenius Vamed: Sales and EBIT Growth Exceeding Guidance

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1Project business only

Financial Calendar

  • 04.05.2011 Report on 1st quarter 2011 13.05.2011 Annual General Meeting, Frankfurt/Main
  • 02.08.2011 Report on 1st half 2011
  • 02.11.2011 Report on 1st 3rd quarter 2011

Contact

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

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