2020 ANNUAL REPORT FREUDENBERG GROUP

1 2020 ANNUAL REPORTFREUDENBERG GROUPFREUDENBERG GROUP 2020 ANNUAL REPORTThe FREUDENBERG GROUP stands for technology and innovation. Together with customers and research partners, FREUDENBERG employees develop leading-edge technologies, products, solutions and services. The innovative strength of FREUDENBERG has many facets. Having pioneered innovation throughout its history from chrome tanning and the development of the Simmerring to sophisticated and high-tech medical devices the company is an innovation champion. For FREUDENBERG , striving together for solutions that support global sustainability is both motivation as well as the concept for success.

2 It enables the GROUP to provide its customers with solutions and answers to tomorrow s questions, today. The company slogan Innovating Together embodies the GROUP s identity. This ANNUAL REPORT brings you many examples of what makes FREUDENBERG so unique and different. HIGHLIGHTS[ million]20162017201820192020 SalesGermany1,269 1,5571,641 1,4771,378EU (excluding Germany)2,094 2,4342,4482,4452,133 Other European countries314 441429412605 North America2,093 2,5022,4342,5262,259 South/Central America281 326285 284 194 Asia1,700 1,9072,0162,1152,073 Africa/Australia149 179202 209 199 Total sales7,9009,3469,4559,4688,841 Consolidated profit1,087 700602 611 366 Cash flow from operating activities945 929828 957 1,139 Cash flow from investing activities-1,510 -612-581 -601-241 Balance sheet total10,224 10,19410,23911,35511,855 Equity4,603 4,8355,312 5,8205.

3 696 Equity ratio45 % 47 %52 % 51 % 48 %Workforce (as at Dec. 31)46,266 47,65349,13748,85147,777 Workforce ( ANNUAL average)40,951 47,65748,894 49,10847,909 LOCATIONS WORLDWIDEThe FREUDENBERG GROUP is active in some 60 countries with some 48,000 employees. COMPANY BOARDS Supervisory Board 2 Board of Management 3 Executive Council 4 Management of the Business Groups 5 REPORT OF THE SUPERVISORY BOARD 6 FOREWORD OF THE BOARD OF MANAGEMENT 8 RESPONSIBILITY FOR SOCIETY (UN Global Compact Communication on Progress)

4 12 COMBINED MANAGEMENT REPORT Fundamental Information Business Model 45 Research and Development 48 REPORT on Economic Conditions Macroeconomic Environment 51 Business Development and Position 54 Earnings Position 56 Financial Position 56 REPORT on Operations by Business Area 61 REPORT on Events after the Date of the Statement of Financial Position 86 REPORT on Opportunities and Risks 87 REPORT on Expected Developments 97 FREUDENBERG SE (HGB) 99 CONSOLIDATED FINANCIAL STATEMENTS OF FREUDENBERG SE Consolidated Statement of Financial Position 104 Consolidated Statement of Profit or Loss 106 Consolidated Statement of Comprehensive Income 107 Consolidated Statement of Cash Flows 108 Consolidated Statement of Changes in Equity 109 Notes to the Consolidated Financial Statements 110 Shareholdings 162

5 Independent Auditor s REPORT 175 2020 FREUDENBERG ANNUAL REPORT CONTENTS COMPANY BOARDSAs at December 31, 202021st row from left:Wentzler, Kurz, FREUDENBERG , FREUDENBERG -Beetz, Haas-Wittm 2nd row from left: Kairisto, Pott, Purvis, Schildhauer, Sch cking3rd row from left:Thielen, Towfigh, ZeschkyMartin Wentzler, Gro hesselohe Chairman of the Supervisory Board of FREUDENBERG SE, AttorneyProfessor Dr. Dieter Kurz, Lindau Deputy Chairman of the Supervisory Board of FREUDENBERG SE, Chairman of the Shareholder Council of the Carl Zeiss Foundation Martin FREUDENBERG , Heidelberg Managing Director of Jumag Dampferzeuger GmbH Dr.

6 Maria FREUDENBERG -Beetz, Weinheim BiologistMartin Haas-Wittm , Dreieich Vice President of KION GROUP AGEssimari Kairisto, Korschenbroich Member of the Supervisory Board of Applus+ Services , Fortum Oyj, TenneT Holding Dr. Richard Pott, Leverkusen Chairman of the Supervisory Board of Covestro AGDavid M. Purvis, kansas City, Missouri, USA Former Executive Vice President and CTO of Solectron Schildhauer, Stuttgart Managing Partner of speedwave GmbHDr. Christoph Sch cking, Frankfurt am Main Attorney and notary PublicMathias Thielen, Z rich, Switzerland Managing Director of Credit Suisse AGProfessor Dr.

7 Emanuel V. Towfigh, Bad Soden Professor and Dean of Law School, EBS Universit t f r Wirtschaft und RechtDr. J rgen Zeschky, Zug, Switzerland CEO and Chairman of the Executive Board of HOERBIGER Holding AGSUPERVISORY BOARD3Dr. Mohsen Sohi, Frankfurt am MainChief Executive OfficerDr. Tilman Krauch, HeidelbergMember of the Board of Management, CTODr. Ralf Krieger,St. Leon-RotMember of the Board of Management, CFOBOARD OF MANAGEMENTAs at December 31, 2020 From left: Krauch, Sohi and Krieger 4 Members Business Groups Claus M hlenkamp (CEO) FREUDENBERG Sealing Technologies Dr.

8 Andreas Raps (CEO) EagleBurgmann Frank M ller (CEO) Vibracoustic Dr. Frank Heislitz (CEO) FREUDENBERG Performance Materials Karin Overbeck (CEO) FREUDENBERG Home and Cleaning Solutions Hanno D. Wentzler (CEO), Filip Krulis FREUDENBERG Chemical Specialities and the Board of Management Membership of the above-mentioned seven senior executives in the Executive Council takes stronger account of the perspectives of the Business Groups with regard to overarching issues. EXECUTIVE COUNCIL As at December 31, 2020 5 MANAGEMENT OF THE BUSINESS GROUPS Management Business Groups Claus M hlenkamp (CEO and Member of the Executive Council), Dr.

9 Theodore Duclos (CTO), Ludger Neuwinger-Heimes (CFO) FREUDENBERG Sealing Technologies Jason Kollatschny (CEO), Bozidar Grcevic (CFO) FREUDENBERG Oil & Gas Technologies Dr. Andreas Raps (CEO and Member of the Executive Council), Dr. Sebastian Weiss (CFO), Dr. Kai Ziegler (CTO) EagleBurgmann Frank M ller (CEO and Member of the Executive Council), Marco Altherr (CFO), Dr. J rg B cking (CTO) Vibracoustic Dr. Frank Heislitz (CEO and Member of the Executive Council), Thomas Herr (CFO), John McNabb (CTO), Dr. Alexander Rozm n (Chief Integration Officer) FREUDENBERG Performance Materials Dr.

10 Andreas Kreuter (CEO), Frank Reuther (CFO), Dr. J rg Sievert (COO) FREUDENBERG Filtration Technologies Satoshi Kawamura (CEO), Ya s u h i ro Es a k i (CO O) , Yu k i ya su I z u t a (C F O) , Atsushi Shimoda (CTO) Japan Vilene Company Karin Overbeck (CEO and Member of the Executive Council), Dr. Arman Barimani (CTO), Kerstin Borrs (CFO) FREUDENBERG Home and Cleaning Solutions Hanno D. Wentzler (CEO and Member of the Executive Council), Dr. J rg Matthias Gro mann (CFO) FREUDENBERG Chemical Specialities Dr. Max Gisbert Kley (CEO), Kurt Ziminski (CFO) FREUDENBERG Medical As at December 31, 2020 6 Martin Wentzler (Chairman) The COVID-19 pandemic brought swift and sweeping change throughout the world.