Fresenius SE & Co. KGaA

Investor Presentation • Sep 7, 2022

Goldman Sachs 19th Annual European Medtech and Healthcare Services Conference

7 September 2022

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, the availability of financing and unforeseen impacts of international conflicts.

Fresenius does not undertake any responsibility to update the forward-looking statements contained in this presentation.

Agenda

Our Purpose and Mission

Ever better medicine for ever more people We improve people's lives by providing high quality and affordable healthcare

A Global Leader in Health Care Products and Services

Investment Highlights

Global Trends offer Growth Opportunities for Fresenius

Sources: 1 UN, Ageing and health (2021) 2 UBS, Longer Term Investments: EM healthcare (2018) ³ IDF Diabetes Atlas (2021) 4 AAM report (2021) 5 UBS, Longer Term Investments: Generics (2018)

The Fresenius Strategy

Environment, Social and Governance: Core Priorities

Fresenius Group: Significant progress on our ESG agenda

Rating and reporting progress

Ratings confirmed: CDP Climate at "B" and MSCI at "BBB". Sustainalytics at "Low Risk" (19.7)

EU Taxonomy: 1% revenue, 49% capex, and 0% Opex is taxonomyeligible

Employee engagement

Group-wide survey to be conducted to better understand employees' concerns and demands

Consolidated results expected in Q4/2022

Performance measurement

ESG targets program on track: KPIs defined, 15% of

Management's short-term

incentive linked to ESG

Strategy and KPI alignment to be continued in 2022

KPIs to be included in new 2023 Long-Term Incentive Plan

Fresenius Group: Climate Targets - our Roadmap to Climate Neutrality in 2040

ESG Rating Overview:

We aim for continuous improvement through reporting and engagement

THE USE BY FRESENIUS SE & CO. KGAA OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES ("MSCI") DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF FRESENIUS SE & CO. KGAA BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED 'AS-IS' AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.

Copyright ©2022 Sustainalytics. All rights reserved.

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Fresenius Group: Global Sales Base in Growing, Non-Cyclical Markets

Before special items 2017-2018 excluding IFRS 16

Fresenius Group: Track Record of Healthy Organic Sales Growth

Fresenius Group: Strong and Balanced Healthcare Portfolio

Health Care Products Health Care Services

• Dialysis services
• Products for hemodialysis and peritoneal dialysis
• Critical care solutions
• Complementary assets to establish holistic treatment approach

Sales 2021: €17.6 bn

• IV drugs
• Clinical nutrition
• Infusion therapy
• Medical devices/ transfusion technology
• Biosimilars

Sales 2021: €7.2 bn

Ownership: ~32% Ownership: 100% Ownership: 100% Ownership: 77%

• Acute care
• Outpatient services
• Occupational risk prevention
• Fertility services

Sales 2021: €10.9 bn

Hospital Supplies Hospital Operation Services and Projects for Hospitals

• Post-acute care
• Project development and planning
• Turnkey construction
• Maintenance, technical and total operational management

Sales 2021: €2.3 bn

Fresenius Group: All Fresenius segments with excellent market positions and ample growth opportunities; access to sufficient capital remains key to accelerate growth

Attractive segments with ample growth opportunities

Attractive for Fresenius to participate in further growth

Extensive growth capital required to capture opportunities across all segments

Fresenius Group: Unlocking value by defining new strategic imperatives to execute on accelerated profitable growth

Advantages of current set-up for our stakeholders Constraints on accelerating growth

• Diversification and size offer stability, economies of scale and tax savings
• Worldwide presence and brand reputation

• Attractive debt financing conditions

• Extensive growth capital deployment to capture incremental growth opportunities in all segments

• Fresenius financing capacity drives need to prioritize
• Fresenius equity issuance unattractive at current valuation

Fresenius Medical Care: Global Dialysis Market Leader

• The world's leading provider of dialysis products and services treating ~345,000 patients1 in >4,100 clinics1
• Provide care and products of highest quality
• Leveraging core competencies to address global healthcare challenges and further expand in the Renal Care Continuum and beyond
• Advancing global transformation program FME25 to enable further sustainable profitable growth and execution on strategy

Health care products

Health care services

Critical care solutions

Complementary assets

Sales by Region

Sales by Products and Services

Market Dynamics

Increase in global demand

• Sustainable business based on >1.6 million p.a.

high quality products and services patients worldwide will need continuous renal replacement therapy to treat acute kidney failure in 2030

• Strong global footprint Home dialysis

• Leading market positions By 2025, the Company aims to perform 25% of all treatments in the U.S. in a home setting

• High level of vertical integration Digitalization is driving new treatment models

Leverage ever larger data sets from ~53 million dialysis treatments per year (2021) to further improve and personalize treatments

¹ As of June 30, 2022

Fresenius Kabi: A Leading Global Hospital Supplier

• Comprehensive product portfolio for critically and chronically ill patients
• Leading market positions

Generic IV drugs

Clinical nutrition

Medical devices /

transfusion technology

Infusion therapy

Biosimilars

• Development of biosimilars with a focus on oncology and autoimmune diseases
• Vision 2026 framework initiated to increase global competitiveness and advance organizational effectiveness

Sales by Region

30%

Growing healthcare spending in emerging markets +6.3% p.a. growth over the next decade

Market Dynamics

Expected market growth of biosimilars 2021 to 2028

average growth p.a. in the U.S.

Rising cost consciousness in healthcare spending/significant savings from generics

savings p.a. in the U.S.

to the previous year.

~ €16 bn

in Spain of

~2.5% p.a.

Private hospital market in Spain

Average increase of private

health insurance policies

Fresenius Helios: Europe's Largest Private Hospital Operator

• Market leader in size and quality with excellent growth prospects
• ~6%1 share in German acute care hospital ~12%1 share in Spanish private hospital market
• Quality is key: defined quality targets, publication of medical treatment results, peer review processes
• Development of new business models to foster digitalization and profit from trend towards outpatient treatments

Acute care

Outpatient

Occupational risk prevention

Fertility services

¹ Based on sales

Fresenius Vamed: Leading Global Hospital Services and Projects Specialist

• Manages hospital construction/expansion projects and provides services for healthcare facilities worldwide
• Offers project development, planning, turnkey construction, maintenance as well as technical management, and total operational management
• Strong track record: More than 1,000 projects in 98 countries completed
• Leading post-acute care provider in central Europe

Projects

Post-acute care

Services

Medium-term Growth Targets 2020 – 2023 (CAGRs): Sales target specified

whilst temporary headwinds weigh on net income development

Acquisitions have smaller contributions than the ~1% additional growth originally expected

¹ Net income attributable to shareholders of Fresenius SE & Co.KGaA

Before special items

Fresenius SE: Earnings-Linked Dividend Policy

¹ Before special items

Fresenius SE: Fresenius Share & Shareholder Structure

Shareholder structure by investors

Analyst recommendations

Shareholder structure by region

Fresenius SE: Historical Share Price Performance

Agenda

Key messages Q2 2022

01 Business Update 03 04

Fresenius Kabi: Solid Q2/22 on tough comps; acquisition of majority stake in mAbxience closed; biosimilar business progressing well

North America Ivenix

Solid quarter with market share gains despite supply disruptions, staff shortages and inflationary headwinds

Price pressure eased; low single-digit price erosion in our base product portfolio in Q2/22

GPO tendering in line with expectations; new price scheme to be implemented in Q3/22

FDA inspected Melrose Park facility - feedback expected in Q3/22

Integration of business is progressing well

Large volume pump including infusion management software tool receiving promising customer feedback

Asia-Pacific

China marked by significant NVBP related price pressure

APAC ex China with good business performance in Q2/22

Biosimilars

Acquisition of majority stake in mAbxience closed

Clinical programs for further molecules of Kabi's portfolio progressing according to plan

Biologics License Application (BLA) for tocilizumab accepted for review by FDA

Fresenius Helios: Continued healthy activity levels in Germany and Spain; limited impact from cost inflation; Fertility business progressing well

Helios Germany Helios Spain Helios Fertility

Solid admissions growth sequentially (+4%) and Q2 year-over-year (+5%)

Patients returning to hospitals for elective treatments, COVID-19 no longer seen as hurdle

Sufficient bed capacity available despite rising number of Omicron patients

¹ Merco Corporate Reputation Business Monitor, Spain, 2022

Ongoing growing activity levels in Spain and Latin America

Omicron wave in Q2: Moderate impact from related temporary local staff shortages

Acquisition of two small medical centers near Barcelona and Zaragoza; hospital expansions in Madrid and Málaga completed; opening of new health center in Madrid

Quirónsalud ranked1 amongst TOP 30 most reputed companies in Spain, #1 in healthcare

01 Business Update 03 04

Activity picking up during Q2 due to receding COVID-related impact

Acquisition of two facilities in Brazil and one in the U.S. (North Carolina)

Further bolt-on acquisitions expected in FY/22

29

01 Business Update 03 04

Fresenius Vamed: Macro challenges remain a headwind in the project business; service business shows continuing good performance

Macro challenges

• Supply chain disruptions and higher material costs weigh on project business in Q2/22

Service business - good performance

• Rehabilitation business supported by ongoing good activity levels
• Continued strong contribution from high-end services

Project business – order intake remains at a high level

• Sales in project business decreased by 12% in Q2/22 over a strong prior year
• Order backlog at all-time high €3.73bn

Major turnkey contract in Q2/22:

• Turnkey Project, Regional Hospitals in Angola

Goldman Sachs 19th Annual European Medtech and Healthcare Services Conference, 7 September 2022 © Fresenius SE & Co. KGaA Investor Relations & Sustainability 30

Agenda

Q2/22 Profit and Loss Statement

All growth rates in constant currency (cc) Before special items ¹ Excluding Ivenix acquisition Net income attributable to shareholders of Fresenius SE & Co. KGaA

Q2/22 Business Segment Growth

All figures before special items

¹ Excluding Ivenix acquisition

For a detailed overview of special items please see the reconciliation tables provided on our website https://www.fresenius.com/results-center.

Q2/22 Cash Flow

	Operating CF		Capex (net)		Free Cash Flow1
€m	Q2/2022	LTM Margin	Q2/2022	LTM Margin	Q2/2022	LTM Margin
	751	12.3%	-169	-4.2%	582	8.1%
	109	13.1%	-110	-6.8%	-1	6.3%
	194	7.3%	-146	-5.1%	48	2.2%
	7	4.2%	-9	-2.1%	-2	2.1%
Corporate/Other	-44	n.a.	-2	n.a.	-46	n.a.
Excl. FMC²	393	9.4%	-267	-5.4%	126	4.0%
	1,017	10.5%	-436	-4.9%	581	5.6%

¹ Before acquisitions and dividends

² Including FMC dividends

Fresenius Group: Temporary headwinds driven by geopolitical turmoil and the COVID-19 pandemic weighing on FY/22 earnings growth

Headwinds for net income development FY/22e Reconciliation to new guidance

Material, supply chain and energy costs

• Meaningful increases across all segments

Missing growth

• Staff shortages limit growth e.g. onboarding opportunities for new patients in dialysis clinics

Labor costs

• Headwinds primarily at FMC in the U.S. patient-facing service business

Offset

• Including monies from the U.S. government's Provider Relief Fund
• Compensating measures include tight cost control and product price increases wherever possible

Expectations H2/2022

• Neither meaningful worsening of macro challenges nor major COVID-19 pandemic effects leading to lock-downs factored in
• Overall, we consider headwinds as temporary and not structural

Assumptions for Guidance FY/22

Special items are excluded.

The acquisitions of Ivenix and of the majority stake in mAbxience as well as any further potential acquisitions are excluded from guidance.

Fresenius expects significantly more pronounced headwinds from supply chain disruptions and cost inflation, including energy prices. Furthermore, significant negative effects from ongoing labor shortages and associated wage inflation, especially at Fresenius Medical Care in the U.S. are expected.

COVID-19 will continue to impact Fresenius Group operations in 2022; an unlikely but possible significant deterioration of the situation triggering containment measures that could have a significant and direct impact on the health care sector without any appropriate compensation is not reflected in the Group's FY/22 guidance.

The war in Ukraine is directly and indirectly affecting Fresenius Group operations. Fresenius will continue to closely monitor the potential further consequences of the war, including balance sheet valuations. The guidance does not consider a significant disruption of gas or electricity supplies in Europe.

FMC's updated guidance assumptions also apply to FSE guidance.

FY/22 Financial Outlook by Business Segment

€m (except	otherwise stated)		FY/21 Base	H1/22 prelim.	FY/22e
		Sales growth (org)	7,193	1%	Low single-digit %
		EBIT growth (cc)	1,153	-8%1	Decline in high single- to low double-digit %-range
		Sales growth (org)	10,891	6%	Low-to-mid single-digit %
		EBIT growth (cc)	1,127	7%	Mid single-digit %
		Sales growth (org)	2,297	4%	High single- to low double-digit %
		EBIT	101	19	Returning to absolute pre-COVID levels (2019: €134 m)

Before special items and including COVID-19 effects

¹ Excluding Ivenix acquistion

For a detailed overview of special items please see the reconciliation tables provided on our website https://www.fresenius.com/results-center.

FY/22 Financial Guidance

€m (except otherwise stated)		FY/21 Base	H1/22	FY/22e	New
	Sales growth (cc)	37,520	4%	Mid single-digit %	Low-to-mid single-digit %
	Net income growth (cc)	1,867	-3%1	Low single-digit %	Decline in low-to mid single-digit %-range

Before special items and including COVID-19 effects Net income attributable to shareholders of Fresenius SE & Co. KGaA

¹ Excluding Ivenix acquisition

For a detailed overview of special items please see the reconciliation tables provided on our website https://www.fresenius.com/results-center.

Agenda

Fresenius Kabi: Q2 & H1/22 Organic Sales Growth by Regions

Total sales	1,896	2%	3,743	1%
Emerging Markets	632	-2%	1,260	0%
Europe	658	4%	1,298	3%
North America	606	3%	1,185	0%
€m	Q2/22	Δ YoY organic	H1/22	Δ YoY organic

Fresenius Kabi: Q2 & H1/22 Organic Sales Growth by Product Segment

Total sales	1,896	2%	3,743	1%
Biosimilars	29	++	52	++
Infusion Therapy	245	10%	475	12%
Medical Devices/ Transfusion Technology	360	0%	717	0%
Clinical Nutrition	563	2%	1,117	3%
IV Drugs	699	-3%	1,382	-5%
€m	Q2/22	Δ YoY organic	H1/22	Δ YoY organic

Fresenius Kabi: Q2 & H1/22 EBIT Growth

€m	Q2/22	Δ YoY cc	H1/22	Δ YoY cc
North America	174	-4%	330	-10%
Margin	28.7%	-230 bps	27.8%	-330 bps
Europe	80	-17%	161	-26%
Margin	12.2%	-330 bps	12.4%	-480 bps
Emerging Markets	140	-18%	313	3%
Margin	22.2%	-380 bps	24.8%	+80 bps
Corporate and Corporate R&D	-123	0%	-240	13%
Total EBIT	271	-15%1	564	-8%1
Margin	14.3%	-270 bps	15.1%	-120 bps

All figures before special items

Margin growth at actual rates

¹ Excluding Ivenix acquistion

For a detailed overview of special items and adjustments please see the reconciliation tables provided on our website https://www.fresenius.com/results-center.

Fresenius Helios: Q2 & H1/22 Key Financials

€m	Q2/22	Δ YoY cc	H1/22	Δ YoY cc
Total sales	2,925	5%1	5,856	6%1
Thereof Helios Germany	1,758	4%1	3,541	5%1
Thereof Helios Spain	1,101	6%1	2,190	9%1
Thereof Helios Fertility	65	--	122	--
Total EBIT Margin	303 10.4%	1% -50 bps	609 10.4%	7% -10 bps
Thereof Helios Germany Margin	154 8.8%	1% -30 bps	308 8.7%	2% -30 bps
Thereof Helios Spain Margin	148 13.4%	0% -100 bps	301 13.7%	10% +0 bps
Thereof Helios Fertility Margin	7 10.8%	--	11 9.0%	--
Thereof Corporate	-6	--	-11	--

¹ Organic growth

All figures before special items

For a detailed overview of special items and adjustments please see the reconciliation tables provided on our website https://www.fresenius.com/results-center.

Fresenius Helios: Key Metrics

	H1/22	FY/21	Δ
Helios Germany
Hospitals - Acute care hospitals	88 85	90 87	-2% -2%
Beds - Acute care hospitals	30,473 29,941	30,487 29,955	0% 0%
Admissions (acute care)	537,302	1,048,946
Helios Spain
Hospitals	58	56	4%
Beds	8,225	8,174	1%
Admissions (including outpatients)	9,598,613	17,122,592

Fresenius Vamed: Q2 & H1/22 Key Financials

€m	Q2/22	Δ YoY cc	H1/22	Δ YoY cc
Total sales Thereof organic sales	562	1% 1%	1,075	3% 4%
Project business	145	-12%	253	-9%
Service business	417	6%	822	8%
EBIT1 Total	11	-31%	19	58%
Order intake2	253	-65%	516	-39%
Order backlog2			3,732	7%3

¹ Before special items

² Project business only

³ Versus December 31, 2021

Fresenius Group: Q2/22 Key Financials

€m	Q2/221	special items	Q2/22 reported	cc1 Δ YoY
Sales	10,018	-	10,018	3%
EBIT	1,003	-158	845	-9%
Net interest	-116	-	-116	10%
Income taxes	-204	39	-165	3%
Net income2	450	-67	383	-9%3

¹ Before special items 2 Net income attributable to shareholders of Fresenius SE & Co. KGaA 3 Before Ivenix acquisition

For a detailed overview of special items and adjustments please see the reconciliation tables provided on our website https://www.fresenius.com/results-center.

Fresenius Group: Calculation of Noncontrolling Interests

€m	H1/22	H1/21
Earnings before tax and noncontrolling interests	1,768	1,784
Taxes	-404	-395
Noncontrolling interests, thereof	-451	-478
Fresenius Medical Care net income not attributable to Fresenius (H1/22: ~68%)	-292	-321
Noncontrolling interest holders in Fresenius Medical Care	-112	-116
Noncontrolling interest holders in Fresenius Kabi (-€34 m), Fresenius Helios (-€9 m), Fresenius Vamed (-€2 m) and due to Fresenius Vamed's 23% external ownership (-€2 m)	-47	-41
Net income attributable to Fresenius SE & Co. KGaA	913	911

Before special items

For a detailed overview of special items and adjustments please see the reconciliation tables provided on our website https://www.fresenius.com/results-center.

Fresenius Group: Cash Flow

€m	Q2/22	LTM Margin	Δ YoY
Operating Cash Flow	1,017	10.5%	-47%
Capex (net)	-436	-4.9%	13%
Free Cash Flow	581	5.6%	-73%
(before acquisitions and dividends)
Acquisitions (net)	-271
Dividends	-701
Free Cash Flow (after acquisitions and dividends)	-391	1.6%	--

Fresenius Group: Estimated COVID-19 Effects Q2 & H1/22

	Growth cc as reported incl. COVID-19		COVID-19 impact	Estimated cc	Estimated growth cc excl. COVID-19
	Q2/22	Q2/21	Q2/22	Q2/21	Q2/22	Q2/21
Sales	3%	8%	1% to 0%	2% to 1%	2% to 3%	6% to 7%
Net income1	-10%	20%	6% to 2%	10% to 6%	-16% to -12%	10% to 14%

	Growth cc as reported incl. COVID-19			Estimated COVID-19 impact cc		Estimated growth cc excl. COVID-19
	H1/22	H1/21	H1/22	H1/21	H1/22	H1/21
Sales	4%	6%	0% to -1%	1% to 0%	4% to 5%	5% to 6%
Net income1	-4%	8%	6% to 2%	4% to 0%	-10% to -6%	4% to 8%

1 Net income attributable to shareholders of Fresenius SE & Co. KGaA

Fresenius Group: Proven Track Record of Deleveraging

Net Debt/EBITDA1

2002-2019 excluding IFRS 16

¹ At actual FX rates from 2002 to 2010 and at average FX rates from 2011 onwards, for both Net Debt and EBITDA; before special items; pro forma closed acquisitions/divestitures

² Pro forma excluding advances made for the acquisition of hospitals from Rhön-Klinikum AG

³ Including IFRS 16

Fresenius Group: Well-balanced maturity profile1

1 As of June 30, 2022, and based on utilization of major financing instruments, excl. Commercial Paper and A/R Facility ² Calculations based on total financial debt, excluding Lease & Purchase Money Obligations

Fresenius Group: Sales by Business Segment – FX, Acquisitions/Divestitures Effects Q2/22

€m	Q2/22	Q2/21	Growth at actual rates	Currency translation effects	Growth at constant rates	Organic growth	Acquisi tions	Divesti tures/ Others
Fresenius Medical Care	4,757	4,320	10%	9%	1%	0%	1%	0%
Fresenius Kabi	1.896	1,755	8%	6%	2%	2%	0%	0%
Fresenius Helios	2,925	2,738	7%	1%	6%	5%	1%	0%
Fresenius Vamed	562	556	1%	0%	1%	1%	1%	-1%
Total	10,018	9,246	8%	5%	3%	2%	1%	0%

Fresenius Group: Solid Balance Sheet Structure

Fresenius Group: Financial Performance Indicators

Growth	Profitability	Liqudity	Capital efficiency	Capital management
Sales growth (in constant currency) Sales growth	Operating income (EBIT) +/ - Financial result - Income taxes	Operating cash flow ÷ Sales = Cash flow margin	EBIT Income taxes = NOPAT	Net debt ÷ EBITDA = Leverage ratio
(organic)	- Minority interests = Net income EBIT growth (in constant currency) Net income growth (in constant currency)		÷ Invested capital = ROIC EBIT ÷ Operating assets = ROOA

Fresenius Group1: Performance Indicators 5-year Overview

	Targets 20212	2021	2020	2019	2018	2017
Sales growth (in constant currency)	Mid single-digit %	5%	5%	6%	6%	16%
Net income3 growth (in constant currency)	Around top-end of low single-digit %	5%	-3%	0%	7%	21%
Liquidity and capital management
Cash flow margin	10% to 12%	13.5%	18.1%	12.0% /9.9%4	11.2%	11.6%
Net debt / EBITDA5	Around the top-end of 3.0x – 3.5x6	3.51x	3.44x	3.61x/ 3.14x4	2.71x	2.84x
Capital efficiency
Return on invested capital (ROIC)7	Decrease by 50 to 100 basis points compared to 2020 level	5.9%	6.5%	/7.4%4 6.7%	8.3%	8.0%
Return on operating assets (ROOA)7	Decrease by 40 to 70 basis points compared to 2020 level	6.5%	7.3%	/8.2%4 7.6%	9.0%	9.4%

¹ Growth rates are based on the assumptions of the respective annual forecasts and are adjusted for special items and, if applicable, other effects affecting the underlying growth

(adjustments to new accounting standards, acquisitions / divestments, acquisition costs, or cost-saving programs).

² Including estimated COVID-19 effects (updated November 2021)

³ Net income attributable to shareholders of Fresenius SE & Co. KGaA

⁴ Excluding IFRS 16 effect

⁵ Both net debt and EBITDA calculated at LTM average exchange rates; before special items, pro forma closed acquisitions/divestitures

⁶ Around the top-end of the self-imposed target range of 3.0x to 3.5x; excluding further potential acquisitions

⁷ Before special items, pro forma acquisitions

Business segments1: Performance Indicators 5-year Overview

	Targets 20212	2021	2020	2019	2018	2017
Fresenius Medical Care
Sales growth (in constant currency)	Expecting to be at the lower end of the guidance range of low-to-mid single-digit %	2%	5%	5%	4%	9%
Net income growth 3,4 (in constant currency)	Expecting to be at the lower end of the guidance range of high-teens to mid-twenties %- decline	-23%	12%	-2%	4%	7%
Fresenius Kabi
Sales growth (organic)	Low-to-mid single-digit %	4%	4%	4%	7%	7%
EBIT growth (in constant currency)	Around the top end of the low single-digit %-guidance range	7%	-6%	3%	2%	8%
Fresenius Helios
Sales growth (organic)	Mid single-digit percentage growth	7%	4%	5%	3%	4%
EBIT growth (in constant currency)	High single-digit percentage growth	10%	0%	-4%	0%	54%
Fresenius Vamed
Sales growth (organic)	Mid-to-high single-digit %	11%	-8%	16%	16%	6%
EBIT growth (in constant currency)	High double-digit € million amount	€101 million	€29 million	19%	45%	10%

¹ Growth rates are based on the assumptions of the respective annual forecasts and are adjusted for special items and, if applicable,

other effects affecting the underlying growth (adjustments to new accounting standards, acquisitions / divestments, acquisition costs, or cost-saving programs).

² Including estimated COVID-19 effects (updated November 2021)

³ Net income attributable to shareholders of Fresenius Medical Care AG & Co. KGaA

⁴ Special items are effects (when consolidated at the Fresenius Group: special items), that are unusual in nature and were not foreseeable or not foreseeable in size or impact at the time of giving guidance.

Financial Calendar / Contact

Financial Calendar Contact

07 October 2022 Meet the Management Fresenius Kabi (virtual event) 01 November 2022 Results Q3/22

Investor Relations & Sustainability Fresenius SE & Co. KGaA phone: +49 6172 608-2485 e-mail: ir-fre@fresenius.com

For further information and current news: www.fresenius.com

www.twitter.com/fresenius\_ir

www.linkedin.com/company/fresenius-investor-relations

Please note that these dates could be subject to change.