Investor Presentation • Feb 28, 2011
Investor Presentation
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Q4 and Fiscal Year 2010
© I Analyst Conference I Full Year 2010 3
| \$ U S i i l l i n m o n s - |
G i d u a n c e 2 0 1 0 |
F Y 2 0 1 0 |
G h i % t r o w n |
|---|---|---|---|
| N R t e e v e n u e |
1 2 0 0 0 > , |
1 2, 0 5 3 |
7 |
| N i t e n c o m e t tr i bu ta b le to F M C A G & Co K Ga A a , |
9 6 0 9 8 0 - |
9 9 7 |
1 0 |
| C i t l d i t a p a e p e n r e x u |
5 5 0 6 5 0 - |
5 0 7 |
|
| A i i t i c q s o n s, f u t o d ive t i tu n e s re s |
t 5 0 0 p o u |
6 1 8 |
|
| L i t e v e r a g e r a o ( De b / E b i da l ip le ) t t t m u |
2 5 < |
2. 3 8 |
|
Total revenue improved 7% to \$ 12,053 million
| \$ U S i i l l i n m o n s - |
Q 4 2 0 0 9 |
Q 4 2 0 1 0 |
G h i % t r o w n |
|---|---|---|---|
| N R t e e v e n u e |
3, 0 3 5 |
3, 1 6 7 |
4 |
| O i i ( E B I T ) t p e r a n g n c o m e |
4 9 1 |
5 3 9 |
1 0 |
| N t i e n c o m e t tr i bu ta b le to F M C A G & Co K Ga A a , |
2 4 7 |
2 7 1 |
1 0 |
| E i h a r n n g s p e r s a r e |
0 8 2 |
0. 9 0 |
9 |
Total revenue improved 4% to \$ 3,167 million
| cc = |
tan t c co ns urr en cy |
|||||
|---|---|---|---|---|---|---|
| T l t o a |
2, 2 2 6 |
2, 3 5 4 |
6 | 6 | 4. 1 |
5. 0 |
| I i l t t n e r n a o n a |
4 2 7 |
4 9 2 |
1 5 |
1 8 |
8 0 |
6 2 |
| N h A i t o r m e r c a |
1, 7 9 9 |
1, 8 6 2 |
3 | 3 | 3 3 |
4 4 |
| \$ U S i i l l i n m o n s - |
Q 4 2 0 0 9 |
Q 4 2 0 1 0 |
G h t r o w i % n |
G h t r o w i % n c c |
O i r g a n c h t g r o w i % n |
S a m e k t m a r e h t g r o w i % n |
8© I Analyst Conference I Full Year 2010
| cc co = |
tan t c ns urr en cy |
|||||
|---|---|---|---|---|---|---|
| T l t o a |
5 8, 3 0 |
9, 0 7 0 |
9 | 9 | 6. 6 |
4. 6 |
| I t t i l n e r n a o n a |
1, 5 5 6 |
1, 7 6 7 |
1 4 |
1 3 |
6 3 |
5 1 |
| N t h A i o r m e r c a |
6, 7 9 4 |
7, 3 0 3 |
7 | 7 | 6 7 |
4 3 |
| \$ S U i i l l i n m o n s - |
F Y 2 0 0 9 |
F Y 2 0 1 0 |
G t h r o w % i n |
G t h r o w % i n c c |
O i r g a n c t h g r o w % i n |
S a m e k t m a r e t h g r o w % i n |
| U i d t n e |
S t t a e s |
E M E A |
||
|---|---|---|---|---|
| Q | Q | Q | Q | |
| 4 | 4 | 4 | 4 | |
| 2 | 2 | 2 | 2 | |
| 0 | 0 | 0 | 0 | |
| 0 | 1 | 0 | 1 | |
| 9 | 0 | 9 | 0 | |
| 9 | 9 | 9 | 9 | |
| 6 | 7 | 5 | 5 | |
| 6 | 1 | 5 | 5 | |
| 4 | 7 | 2 | 4 | |
| 7 | 7 | 1 1 |
1 2 |
|
| 8 | 8 | 8 | 8 | |
| 3 | 4 | 6 | 6 | |
| 5 | 5 | 6 | 5 | |
| 5 | 7 | 1 | 9 | |
| 7 | 7 | 8 | 8 | |
| 3 | 6 | 3 | 2 | |
| 1 0 0 |
9. 9 |
8 6 |
9. 7 |
|
359
+3%
355
356
Q3
Q4
Average
Above market growth for total product revenue at +6%cc with accelerating acquisitions
XAsia-Pacific revenue growth of 11%cc
| \$ U S i i l l i n m o n s - |
Q 4 2 0 0 9 |
Q 4 2 0 1 0 |
G t h r o w i % n |
G t h r o w i % n c c |
|---|---|---|---|---|
| T l d t t o a p r o u c r e v e n u e ( inc l. In l ) te rn a |
1, 0 7 5 |
1, 1 1 7 |
4 | 6 |
| E l R t x e r n a e v e n u e |
8 0 9 |
8 1 3 |
- | 3 |
| N h A i t o r m e r c a |
2 1 3 |
2 1 0 |
( 1 ) |
( 1 ) |
| I i l t t n e r n a o n a |
5 9 6 |
6 0 3 |
1 | 4 |
| cc = |
tan t c co ns urr en cy |
12© I Analyst Conference I Full Year 2010
| \$ U S i i l l i n m o n s - |
F Y 2 0 0 9 |
F Y 2 0 1 0 |
G h t r o w i % n |
G h t r o w i % n c c |
|---|---|---|---|---|
| T l d t t o a p r o u c r e v e n u e ( inc l. In te l ) rn a |
3, 8 9 1 |
4, 0 9 8 |
5 | 5 |
| E t l R e r n a e e n e x v u |
2 8 9 7 , |
2, 9 8 3 |
3 | 3 |
| N t h A i o r m e r c a |
8 1 8 |
8 2 7 |
1 | 1 |
| I t t i l n e r n a o n a |
2 0 7 9 , |
2, 1 5 6 |
4 | 4 |
| cc = |
tan t c co ns urr en cy |
14th consecutive dividend increase
14© I Analyst Conference I Full Year 2010
15© I Analyst Conference I Full Year 2010
© I Analyst Conference I Full Year 2010 16
Drivers for sustained revenue and earnings growth
X Improves our market position in Asia-Pacific and Europe with a complementary products and technology portfolio
Drivers for sustained revenue and earnings growth
New renal product launches
XContinue focusing on superior quality in services and products
Q4 and Fiscal Year 2010
© I Analyst Conference I Full Year 2010 20
| \$ U S i i l l i n m o n s - |
Q 4 2 0 0 9 |
Q 4 2 0 1 0 |
G h t r o w i % n |
|
|---|---|---|---|---|
| N t R e e e n e v u |
3, 0 3 5 |
3, 1 6 7 |
4 | % 5 c c |
| O ( ) t i i E B I T p e r a n g n c o m e |
4 9 1 |
5 3 9 |
1 0 |
|
| E B I T- i i % m a r g n n |
1 6 2 |
1 7. 0 |
||
| I t t t n e r e s e x p e n s e n e , |
7 5 |
7 4 |
||
| I b f t n c o m e e o r e a x e s |
4 1 6 |
5 4 6 |
1 2 |
|
| I t n c o m e a x e x p e n s e |
1 4 5 |
1 6 9 |
||
| T i % t a x r a e n |
3 5 |
3 6 |
||
| N t l l i i t t o n- c o n r o n g n e r e s |
2 4 |
2 5 |
||
| N t i e n c o m e att rib uta ble to FM C A G & C KG aA o. |
2 4 7 |
2 1 7 |
1 0 |
| F Y 2 0 0 9 |
F Y 2 0 1 0 |
G t h r o w % i n |
|
|---|---|---|---|
| 1 1, 2 4 7 |
1 2, 0 5 3 |
7 | 7 % c c |
| 1, 6 7 5 |
1, 9 2 4 |
1 0 |
|
| 1 6 5 |
1 6. 0 |
4 0 b p s i t m p r o e m e n v |
|
| 3 0 0 |
2 8 0 |
||
| 1, 4 6 5 |
1, 6 4 4 |
1 3 |
|
| 4 9 1 |
5 8 7 |
||
| 3 4 |
3 5 |
||
| 7 4 |
8 7 |
||
| 8 9 1 |
9 7 9 |
1 0 |
|
23© I Analyst Conference I Full Year 2010
| O i C h F l 4 5 8 3 4 1 ( 2 6 ) t p e r a n g a s o w % f 1 5 1 1 o r e v e n u e C i l E d i ( 1 7 3 ) ( 1 6 8 ) t t t a p a x p e n u r e n e , F h f l 2 8 5 1 7 3 ( 3 9 ) r e e c a s o w % f 9 5 o r e e n e v u f ( ) ( ) A i i t i t d i t i t 7 9 3 7 9 c q s o n s, n e o e s r e s u v u f f 2 0 6 ( ) F h l t i i t i 2 0 6 r e e c a s o w a e r a c q u s o n s % f 7 o r e v e n u e |
\$ S U i i l l i n m o n s - |
Q 4 2 0 0 9 |
Q 4 2 0 1 0 |
G t h r o w % i n |
|---|---|---|---|---|
| 1, 3 3 9 |
||
|---|---|---|
| 1, 3 6 8 |
2 | |
| 1 2 |
1 1 |
|
| ( 6 2 ) 5 |
( 5 ) 0 7 |
|
| 7 7 7 |
8 6 1 |
1 1 |
| 7 | 7 | |
| ( 1 8 6 ) |
( ) 6 1 8 |
|
| 5 9 1 |
2 4 3 |
|
| 6 | 2 | |
XSuccessful bond placement
26© I Analyst Conference I Full Year 2010
| \$ U S i i l l i n m o n s - |
F Y E 2 0 1 1 |
|
|---|---|---|
| N t R e e e n e v u |
1 2, 8 0 0 1 3, 0 0 0 – |
|
| N t i e n c o m e C G & Co Ga t tr i bu ta b le to F M A K A a |
5 5 5 1, 0 3 1, 0 – |
|
| C % f i t l d i t i a p a e p e n r e n o r e e n e x u v u |
% 5 ~ |
|
| A i i t i c q s o n s u |
1, 2 0 0 ~ |
|
| L t i e e r a g e r a o ( / ) v De b t E b i t da l t ip le m u |
2 8 ≤ |
|
| cc co ns = |
Q4 and Fiscal Year 2010
© I Analyst Conference I Full Year 2010 28
| Ex l Re Q 4 te rn a ve nu e |
Q 4 2 0 0 9 |
Q 4 2 0 1 0 |
Gr h in % t ow |
Gr t in % h ow |
|---|---|---|---|---|
| In te t ion l p du t r rn a a ro c ev en ue |
6 9 2 |
7 1 7 |
4 | cc 7 |
| In l re te rn a ve nu e - |
( 9 6 ) |
( 1 1 4 ) |
||
| In te t ion l e te l re = rn a a x rn a ve nu e |
5 9 6 |
6 0 3 |
1 | 4 |
| No t h Am ica du t r r er p ro c ev en ue |
3 8 3 |
4 0 0 |
4 | 4 |
| In te l re rn a ve nu e - |
( ) 1 7 0 |
( ) 1 9 0 |
||
| No h Am ica l re t te r er ex rn a ve nu e = |
2 1 3 |
2 1 0 |
( 1 ) |
( 1 ) |
| To l p du ta t r ro c ev en ue |
1, 0 7 5 |
1, 1 1 7 |
4 | 6 |
| In te l re rn a ve nu e - |
( 2 6 6 ) |
( 3 0 4 ) |
||
| To l e l r ta te x rn a ev en ue |
8 0 9 |
8 1 3 |
0 | 3 |
| Ex l Re F isc l Ye te rn a ve nu e a ar |
2 0 0 9 |
2 0 1 0 |
Gr % t h in ow |
Gr t in % h ow cc |
| In te t ion l p du t r rn a a ro c ev en ue |
2, 4 2 8 |
2, 5 5 3 |
5 | 5 |
| In te l re rn a ve nu e - |
( ) 3 4 9 |
( ) 3 9 7 |
||
| In ion l e l re te t te rn a a x rn a ve nu e = |
2, 0 7 9 |
2, 1 5 6 |
4 | 4 |
| No h Am ica du t t r r er p ro c ev en ue |
1, 4 6 3 |
1, 4 5 5 |
6 | 6 |
| In te l re rn a ve nu e - |
( 6 4 5 ) |
( 7 1 8 ) |
||
| No t h Am ica te l re = r er ex rn a ve nu e |
8 1 8 |
8 2 7 |
1 | 1 |
| To l p du t r ta ro c ev en ue |
3, 8 9 1 |
4, 0 9 8 |
5 | 5 |
| In l re te rn a ve nu e - |
( 9 9 4 ) |
( 1, 1 1 ) 5 |
||
| To l e l r ta te x rn a ev en ue |
2, 8 9 7 |
2, 9 8 3 |
3 | 3 |
All numbers are in US\$ millions
| Ca i l Ex d i ta tu t p p en re ne , |
Q 4 2 0 0 9 |
Q 4 2 0 1 0 |
F Y 2 0 0 9 |
F Y 2 0 1 0 |
|---|---|---|---|---|
| Pu ha f p lan d e ip ty t a t rc se o ro p er p n q me n u , |
( 1 ) 7 5 |
( 1 4 ) 7 |
( 4 ) 5 7 |
( 2 3 ) 5 |
| Pr ds fro le f p ty, lan t a d e ip t oc ee m sa o ro p er p n q u me n - |
2 | 6 | 1 2 |
1 6 |
| Ca i ta l e d i tu t = p xp en re ne , |
( ) 1 7 3 |
( ) 1 6 8 |
( ) 5 6 2 |
( ) 5 0 7 |
| Ca h F low s |
Q 4 2 0 0 9 |
Q 4 2 0 1 0 |
F Y 2 0 0 9 |
F Y 2 0 1 0 |
| Ac is i i ion inv d ha f t tm ts t p q u s, es en an ne ur c se s o in ta i b le ts ng as se |
( 7 9 ) |
( 3 8 6 ) |
( 1 8 8 ) |
( 7 6 4 ) |
| Pr ds fro d ive i t tu + oc ee m s re s |
0 | 1 3 8 |
2 5 |
1 4 6 |
| Ac is i t ion d inv tm ts t o f d ive t i tu q u s a n es en ne s re s = , |
( 7 9 ) |
( 2 4 8 ) |
( 1 3 6 ) |
( 6 1 8 ) |
| ( ) Re ts Pr ds p ay me n oc ee |
- | 1 3 1 |
( ) 5 0 |
- |
| Ac is i ion d inv ( ), f d ive i t tm ts t t o t tu q u s a n es en ne ne s re s = |
( 7 9 ) |
( 3 7 9 ) |
( 1 8 6 ) |
( 6 1 8 ) |
| Pa ien l in ics F isc l Ye 2 0 1 0 t ts tre tm ts a en c a ar - , , |
C l in ics |
Pa t ien ts |
Tr ts in tm ea en i l l ion m |
|
| No h Am ica t r er |
1, 8 2 3 |
1 3 7, 6 8 9 |
2 0. 8 5 |
|
| Gr t h in % ow |
2 | 4 | 5 | |
| In te t ion l rn a a |
9 3 4 |
6, 9 9 7 5 |
1 0. 8 2 |
|
| Gr t h in % ow |
2 1 |
2 1 |
1 3 |
|
| Eu ro p e |
4 9 9 |
3 8, 0 6 1 |
5. 4 5 |
|
| La in Am ica t er |
1 9 3 |
2 2, 4 7 1 |
3. 3 9 |
|
| As ia- Pa i f ic c |
2 4 2 |
1 6, 4 2 7 |
1. 9 7 |
|
| T O T A L |
2, 7 5 7 |
2 1 4, 6 4 8 |
3 1. 6 7 |
|
| Gr h in % t ow |
8 | 1 0 |
8 |
All numbers are in US\$ millions
© I Analyst Conference | Full Year 2010 31
All numbers are in US\$ millions
| De b t |
F Y 2 0 1 0 |
F Y 2 0 0 9 |
F Y 2 0 0 8 |
F Y 2 0 0 7 |
F Y 2 0 0 6 |
F Y 2 0 0 5 |
|---|---|---|---|---|---|---|
| S ( / ) ho t te bo ing inc l. A R r rm rro w s p ro g ra m |
6 7 1 |
3 1 6 |
6 8 4 |
2 1 7 |
3 3 1 |
1 5 1 |
| S fro ho t te bo ing la te d t ies + r rm rro w m re p ar |
1 0 |
1 0 |
1 | 2 | 5 | 1 9 |
| Cu t p t ion f lon te de b t a d + rre n or o g- rm n i ta l lea b l ig t ion ca p se o a s |
2 6 4 |
1 5 8 |
4 5 5 |
8 5 |
1 6 0 |
1 2 6 |
| Cu t p t ion f Tr t Pr fe d Se i t ies + rre n or o us e rre cu r |
- | - | - | 6 7 0 |
- | - |
| Lo -te de b t a d c i ta l lea b l ig t ion + ng rm n ap se o a s les t p t ion s c ur re n or |
4, 3 1 0 |
4, 4 2 8 |
3, 9 5 7 |
4, 0 0 4 |
3, 8 2 9 |
7 0 7 |
| Tr t Pr fe d Se i t ies les t p t ion + us e rre cu r s c ur re n or |
6 2 5 |
6 5 6 |
6 4 1 |
6 6 4 |
1, 2 5 4 |
1, 1 8 8 |
| T O T A L de b t |
5, 8 8 0 |
5, 5 6 8 |
5, 7 3 8 |
5, 6 4 2 |
5, 5 7 9 |
2, 1 9 1 |
| E B I T D A |
F Y 2 0 1 0 |
F Y 2 0 0 9 |
F Y 2 0 0 8 |
F Y 2 0 0 7 |
F Y 2 0 0 6 |
F Y 2 0 0 5 |
| La t tw lve t h o t ing inc ( E B I T ) s e m on p er a om e |
1, 9 2 4 |
1, 7 5 6 |
1, 6 7 2 |
1, 5 8 0 |
1, 3 6 7 |
9 3 9 |
| La lve h de ia ion d a iza ion t tw t t t t + s e m on p re c a n mo r |
5 0 3 |
4 5 7 |
4 1 6 |
3 6 3 |
3 2 6 |
2 5 1 |
| No h c ha + n- ca s rg es |
4 5 |
0 5 |
4 4 |
4 1 |
3 5 |
1 4 |
| ( ize ) E B I T D A l d an nu a |
2, 4 7 2 |
2, 2 6 3 |
2, 1 3 2 |
1, 9 8 4 |
1, 7 2 8 |
1, 2 0 4 |
| / To l De b E B I T D A ta t |
2. 3 8 |
2. 4 6 |
2. 6 9 |
2. 8 4 |
3. 2 3 |
1. 8 2 |
© I Analyst Conference | Full Year 2010 32
Investor RelationsElse-Kröner-Str. 161352 Bad Homburg v.d.H.
| T i k c e r : |
F M E F M S ( N Y S E ) o r |
|---|---|
| W K N : |
8 8 0 5 7 5 |
| I S I N : |
D E 0 0 0 5 7 8 5 8 0 0 2 |
Safe Harbor Statement: This presentation includes certain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Act of 1934, as amended. Actual results could differ materially from those included in the forward-looking statements due to various risk factors and uncertainties, including changes in business, economic competitive conditions, regulatory reforms, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings and the availability of financing. These and other risks and uncertainties are discussed in detail in Fresenius Medical Care AG & Co. KGaA's (FMC AG & Co. KGaA) reports filed with the Securities and Exchange Commission (SEC) and the German Exchange Commission (Deutsche Börse).
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