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Fresenius SE & Co. KGaA

Investor Presentation • Sep 8, 2011

166_ip_2011-09-08_071dcf25-36a9-4608-bb1c-f647eceecae8.pdf

Investor Presentation

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Goldman Sachs – 8th Annual European Medtech and Healthcare Services Conference

September 7 – 8, 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

Fresenius Group: Financial Results

5-year CAGR: 10%

5-year CAGR: 14%

Net Income5-year CAGR: 19%

Group financial results before APP-transaction-related special items

Fresenius Group: Financial Results

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

Fresenius Group: Financial Results by Business Segment

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Fresenius Kabi: Update H1/11

    • Excellent organic sales growth of 13%; 100 bps EBIT margin increase to 20.9%
    • 16% organic sales growth in Emerging Markets
  • representing 28% of total Kabi sales
    • China – 20% growth, mainly attributable to parenteral nutrition
    • 22% organic sales growth in North America (Q2: 11%) driven by new products and continued drug shortages
    • FY/11 8% organic sales outlook within 7 – 10% mid-term guidance range, H2/11 yoy growth expected at low to mid single-digit rates

Sales Split / Organic Growth by Region

Fresenius Helios: Update H1/11

  • 4% organic sales growth fully in line with guidance; 50 bps EBIT margin increase to 9.5%
  • Further revival of hospital privatization activity – ~15 projects YTD pending/concluded
  • Includes 4 larger projects (€100 – 200 million revenue each)
  • Rottweil hospital consolidated as of July 1
  • Excellent progress at Krefeld hospital
  • 6% admission CAGR 08–10
  • Construction phase I (654-bed building) completed on schedule; total investment of €180 million (2008 to 2014)

Maximum care hospital Krefeld (>1,000 beds) Construction phase I Construction phase II

Fresenius Vamed: Update H1/11

    • H1/11 sales and EBIT on track, but negative growth rates due to Ukraine project in H1/10
    • Full-year 2011 sales and EBIT growth guidance revised – Middle East/North Africa unrest leading to project delays in H2/11
    • Continued sales/earnings growth opportunities following the temporary project delays
  • €164 million order intake in H1/11
  • Expect significant increase in order intake in H2/11

Fresenius Group: 2011 Outlook Raised or Fully Confirmed

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Fresenius Group: 2011 Outlook Raised or Fully Confirmed

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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

Fresenius Group: Cash Flow

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Cash Flow Development LTM

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1 Before Acquisitions and Dividends

2 Incl. FMC dividend

3 Understated: 9.3% excluding €58 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: Excellent EBIT Growth

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Fresenius Helios: Excellent Sales and EBIT Growth

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Fresenius Helios: 2010 Restructuring Plan

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IFRS

Fresenius Helios: Performance Indicators

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9
0
4
,
3
1
5,
4
7
3,
4
6
7		 1
8
5
6
4
,
0
9
1
5,
7
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4
6
7		 %
2
2
%
%
0
2
d
i
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m
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s
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(
)
A
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-		 3
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7
4		 3
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4
2
O
c
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P
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-		 7
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%		 8
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(
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-		 6.
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6		 6.
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2
9.
9

Dec 31, 2010

2Clinics in Germany

Fresenius Vamed: Sales and EBIT in Line with Expectations

€
m		 /
H
1
1
1		 /
H
0
1
1		 G
h
t
r
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w
P
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b
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s
S
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c
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s
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s		 2
0
2
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8
1
0		 1
2
%
-
%
3
T
l
l
t
o
a
s
a
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s		 3
1
3		 3
3
8		 %
7
-
T
l
E
B
I
T
t
o
a
M
i
a
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g
n		 1
2
8
%
3.		 1
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4
4		 %
2
0
-
1
d
O
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k
t
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1
O
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k
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g		 1
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6
2		 3
2
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2
8
0
1		 %
5
0
-
%
5
-

Project business only

2Dec 31, 2010

Financial Calendar

  • 02.11.2011 Report on 1st 3rd quarter 2011
  • 21.02.2012 Report on Fiscal Year 2011
  • 03.05.2012 Report on 1st quarter 2012
  • 11.05.2012 Annual General Meeting, Frankfurt/Main
  • 01.08.2012 Report on 1st half 2012
  • 31.10.2012 Report on 1st 3rd quarter 2012

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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