Gea%20group%20presentation%20q1%202014 tcm11 25659

GEA Group Aktiengesellschaft

Düsseldorf, May 6th, 2014

Conference Call Results Q1 2014 Continued operations

engineering for a better world

Disclaimer

Forward-looking statements are based on our current assumptions and forecasts. These statements naturally entail

risks and uncertainties, which may cause the actual results of operations, financial position or performance to diverge

significantly from the estimates given here. Factors that could cause such a divergence include changes in the

economic and business environment, fluctuations in exchange rates and interest rates, launches of competing

products, poor acceptance of new products or services, and changes in business strategy. We are under no obligation

to update forward-looking statements.

Due to rounding, the sum of percentages of order intake and sales by region as well as by customer industry may vary

from 100%.

2 Presentation Results Q1 2014 - May 6th, 2014


Order Intake:

EUR 1,024m

Pages 4, 6 • -2.5% organic growth yoy due to missing larger orders in PE

Pages 7, 8 • 7% YoY growth in orders < EUR 5m = good growth in base business

Key Highlights Q1 2014 continued operations

Page 6 • All segments contributed to positive organic growth

Sales:

EUR 951m

Pages 4, 6 • Strong organic growth of 6% YoY

Page 4 • +103 bps YoY

Operating EBIT-Margin:

7.0%

Page 4 • Highest margin ever achieved in Q1

Page 5 • 9.0% margin (+112 bps YoY)

Operating EBITDA:

EUR 85.1m

Page 5 • Highest number and margin ever achieved for a Q1

CFD Margin: 9.3% Page 16 • Up from 7.4% in Q1 2013

ROCE: 22.6%

• +381 bps YoY Page 14

Guidance Page 28 • FY14 guidance confirmed

Presentation Results Q1 2014 - May 6th, 2014 3


D -2%

(reported: -6%)

1,095 1,024

Q1 2013 Q1 2014


[in EUR million]

Order Intake

D +6%

(reported: +3%)

924 951

Q1 2013 Q1 2014

Sales

D +20%

55 67

Q1 2013 Q1 2014

Operating EBIT

D +103 bps

6.0% 7.0%

Q1 2013 Q1 2014

Operating EBIT Margin

Key Figures continued ops. GEA Q1 2014: Organic change YoY

engineering for a better world 5 Presentation Results Q1 2014 - May 6th, 2014

Key Figures continued ops. GEA Q1 2014: Operating EBITDA Development

52

43 45

62 68

72

85

7.0%

6.3%

7.4%

8.8%

7.7% 7.8%

9.0%

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

0

10

20

30

40

50

60

70

80

90

Q1 08 Q1 09 Q1 10 Q1 11 Q1 12 Q1 13 Q1 14

Operating EBITDA Operating EBITDA Margin

D + 112 bps YoY [in EUR million]

Highest operating EBITDA and margin ever achieved in Q1


7 10

26 27

33 35

0 3

Q1 2013 Q1 2014

GEA FT

GEA ME

GEA PE

GEA RT

178 193

481 367

330 339

139 162

Q1 2013 Q1 2014

GEA FT

GEA ME

GEA PE

GEA RT

Key Figures continued ops. Segments Q1 2014


1,095 1,024

D +3%

D -24%

D +8%

D +16%

Operating EBIT Margin

[in EUR million]

D -6%

Order Intake

152 155

394 390

298 310

111 127

Q1 2013 Q1 2014

GEA FT

GEA ME

GEA PE

GEA RT

924 951

D +4%

D -1%

D +2%

D +14%

D +3%

Sales

55 67

D +4%

D +6%

D +36%

D n.a.

D +20%

Operating EBIT

Q1 2013 Q1 2014 D YoY

GEA FT 0.1% 2.4% +229 bps

GEA ME 11.0% 11.1% +17 bps

GEA PE 6.5% 6.8% +30 bps

GEA RT 4.8% 6.4% +161 bps

GEA Group 6.0% 7.0% +103 bps


[in EUR million]

Organic Growth Q1 2014 YoY: -2.5% due to missing large orders; base business strong +7% YoY

1,095

Q1 2014

1,024

Organic FX Q1 2013

-4.0%

-2.5%

-44

-27

Q1 2014

1,024

Large Orders

> EUR 15m

Orders > EUR

5m < EUR 15m

Base Orders

< EUR 5m Q1 2013

1,095 -88

+59

-8.0%

+5.4%

-6.5% -6.5%

Performance continued ops. Order Intake Bridge

-42

-3.8%


496 519 518 576 596 619

705 686 669 737 711 702 745 710 722 724 747 754

163 157 139 149

173 168

185 166 208

214 172 221 175

144 234

167 211 160

38 61 65

63 64

135

135 128 111

96

102 124 107

131

102 132

67 88

16 40 33

66 41

60 58

100

44

65 112 110

162 144 121

22

0

200

400

600

800

1.000

1.200

1.400

Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11(w/o FS)

Q2 11(incl.FS)

Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14

OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m

Performance continued ops. Large Order Development since Q1 2010

8

[in EUR million]

~7% YoY growth in orders < EUR 5m in Q1 2014 = good growth in base business

Presentation Results Q1 2014 - May 6th, 2014


0 100 200 300 400 500 600

Q1 13

Q2 13

Q3 13

Q4 13

Q1 14

9

0 300 600 900 1200

Q1 13

Q2 13

Q3 13

Q4 13

Q1 14

0 100 200 300 400 500 600

Q1 13

Q2 13

Q3 13

Q4 13

Q1 14

0 100 200 300 400 500 600

Q1 13

Q2 13

Q3 13

Q4 13

Q1 14

0 100 200 300 400 500 600

Q1 13

Q2 13

Q3 13

Q4 13

Q1 14

0 100 200 300 400 500 600

Q1 13

Q2 13

Q3 13

Q4 13

Q1 14

0 100 200 300 400 500 600

Q1 13

Q2 13

Q3 13

Q4 13

Q1 14

0 100 200 300 400 500 600

Q1 13

Q2 13

Q3 13

Q4 13

Q1 14

Eastern Europe & CIS Western Europe

Asia Pacific

North America

∆ QoQ: -1%

w/o LO*: -11%

∆ YoY: -17%

w/o LO*: +8%

∆ QoQ: -32%

w/o LO*: -40%

∆ YoY: -43%

w/o LO*: -26%

∆ QoQ: +8%

w/o LO*: -11%

∆ YoY: 0%

w/o LO*: -18%

∆ QoQ: +38%

w/o LO*: +22%

∆ YoY: -5%

w/o LO*: +6%

∆ QoQ: -31%

w/o LO*: -17%

∆ YoY: -2%

w/o LO*: +25%

∆ QoQ: +10%

w/o LO*: +10%

∆ YoY: -15%

w/o LO*: -15%

∆ QoQ: -8%

w/o LO*: +8%

∆ YoY: +5%

w/o LO*: +9%

∆ QoQ: -10%

w/o LO*: -5%

∆ YoY: -6%

w/o LO*: +7%

[in EUR million]

Latin America

Middle East Africa GEA

* LO: large orders with volume of greater than EUR 5m are illustrated at the end of the bars.

Performance continued ops. Regional Order Intake Trend as of Q1 2014



35% (33%)

25% (25%)

17% (18%)

9% (9%)

7% (7%)

4% (4%)

4% (4%)

Emerging markets*

exposure:

40% (40%) D abs.: +2% YoY

(Durchschnitt der Definition von Dow

Jones und MSCI*)

Sales L4Q

per Q1 2014:

EUR 4,347m

+4% YoY

Performance continued ops. Regional Sales Split L4Q per Q1 2014

10

China

10% (9%) D abs.: +11% YoY

USA

16% (17%) D abs.: -1% YoY

Germany

9% (8%) D abs.: +10% YoY

Top-3-Countries

Western Europe D abs.: +11% YoY

Asia-Pacific D abs.: +4% YoY

North America

D abs.: -2% YoY

Latin America D abs.: -2% YoY

Eastern Europe &

CIS D abs.: -4% YoY

Middle East D abs.: +12% YoY

Africa D abs.: -4% YoY

* According to the definition of emerging/developing economies by International Monetary Fund. Dow Jones Emerging Markets Index besteht aus 35 Ländern, von denen 20 für GEA relevant sind;

MSCI definiert 21 Länder als Emerging Markets, von denen 17 für GEA relevant sind Presentation Results Q1 2014 - May 6th, 2014


13%

26%

22%

12%

12%

16%

OI L4Q per

Q1 2014:

EUR 4,557m

+4% YoY

11

Performance continued ops. Order Intake by Customer Industry since Q4 2009*

* Average last four quarters: Q1 – Q4 2009 = Index 100


80%

100%

120%

140%

160%

180%

200%

220%

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Milking/Farming Dairy Processing GEA Group

80%

100%

120%

140%

160%

180%

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Pharma/Chemical Other Industries GEA Group

80%

100%

120%

140%

160%

180%

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Food Beverages GEA Group

Milking/Farming

D abs.: +8% YoY

Dairy Processing

D abs.: +32% YoY

Food

D abs.: -3% YoY

Beverages

D abs.: -19% YoY

Pharma & Chemical

D abs.: -12% YoY

Other Industries

D abs.: +11% YoY


Performance continued ops. Book to Bill Ratios by Industry/Region L4Q


<= 0.8 > 0.8 and < 1.0 >= 1.2 > 1.0 and < 1.2

Colour code: Only cross-sections with a share of > 1% of group order intake are colored

Book to Bill categories

BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI

Strong BtB-Ratios in Dairy Processing, Western Europe and Asia-Pacific

Book to bill ratio (L4Q)

Q1 2014

Milking / Farming 1,06 5,3% 1,04 1,3% 1,03 4,3% 1,05 0,9% 1,00 0,0% 0,93 0,1% 1,01 1,4% 1,04 13,3%

Dairy Processing 1,61 12,2% 0,95 1,7% 0,67 2,3% 1,03 1,4% 1,02 0,7% 0,82 0,7% 1,26 7,2% 1,23 26,0%

Food 1,00 8,8% 0,76 1,7% 1,01 3,1% 1,23 1,5% 1,18 1,5% 1,11 0,9% 1,06 4,2% 1,01 21,7%

Beverages 0,76 3,0% 1,12 1,6% 0,60 0,9% 0,41 0,4% 1,35 0,9% 1,05 0,5% 0,90 4,2% 0,84 11,6%

Food & Beverages 1,16 29,3% 0,94 6,3% 0,87 10,6% 0,95 4,2% 1,18 3,1% 0,98 2,1% 1,08 17,0% 1,05 72,6%

Pharma 1,09 2,2% 0,90 0,6% 1,24 1,1% 1,13 0,5% 1,03 0,2% 1,54 0,3% 1,05 2,3% 1,09 7,3%

Chemical 0,75 1,0% 1,00 0,2% 0,94 0,9% 0,87 0,4% 1,40 0,1% 0,19 0,1% 1,07 1,9% 0,86 4,6%

Pharma/Chemical 0,95 3,3% 0,92 0,8% 1,08 2,0% 1,01 0,9% 1,08 0,3% 0,62 0,4% 1,06 4,2% 0,99 11,9%

Environment 1,06 1,5% 1,33 0,3% 0,67 0,5% 0,48 0,1% 0,35 0,0% 0,91 0,1% 1,56 1,4% 1,06 4,0%

Oil & Gas 1,76 0,8% 2,67 0,4% 0,93 0,8% 0,23 0,0% 0,32 0,0% 0,33 0,2% 1,17 1,5% 1,07 3,6%

Marine 0,94 1,3% 1,21 0,0% 1,02 0,1% 0,82 0,1% 0,75 0,0% 0,95 0,0% 1,43 1,6% 1,14 3,2%

Power 1,16 0,3% 12,05 0,3% 1,38 0,1% 0,98 0,2% 0,89 0,1% 0,80 0,3% 1,14 0,1% 1,23 1,4%

Others 1,01 1,0% 1,52 0,3% 1,08 0,3% 0,69 0,2% 0,97 0,1% 0,71 0,1% 1,06 1,2% 1,02 3,3%

Other Industries 1,09 4,9% 2,12 1,4% 0,88 1,9% 0,64 0,6% 0,64 0,3% 0,62 0,8% 1,29 5,7% 1,08 15,5%

Total 1,13 37,4% 1,03 8,5% 0,90 14,5% 0,91 5,7% 1,10 3,7% 0,81 3,3% 1,12 26,9% 1,05 100,0%

Western

Europe

Eastern

Europe & CIS

North America Latin America Africa Middle - East Asia - Pacific Total


1,250 1,450

1,550 1,600

331

391

433 487

0

500

1000

1500

2000

Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14

Order Backlog invoicable in respective FY Order Backlog invoicable after respective FY Order Intake Sales

2,000

1,500

1,000

500

0

Performance continued ops. Top Line Trend / Order Backlog

13

2,136

1,581 1,644

1,701

1,599

1,841 1,901

1,983 2,085

1,830 1,932

L4Q BtB ratio

1.07 1.04 1.06 1.06 1.07 1.08 1.07 1.06 1.05 1.07 1.05

#

[in EUR million]

2,015

1.07


1.05

2,087


1,772 1,830 1,873 1,887 1,890 1,891 1,886 1,895 1,900

17.5% 18.6% 18.6%

16.7%

18.8% 19.3% 19.6%

22.1% 22.6%

0%

5%

10%

15%

20%

25%

0

500

1000

1500

2000

2500

3000

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14

Capital Employed (average LTM) ROCE (average LTM)

Performance continued ops. ROCE increases above 22%


[in EUR million]

*ROCE LTM = EBIT (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM)

0

3,000

2,500

2,000

1,500

1,000

500

D + 381 bps YoY


349 345 351

269

404 449 460

395

523 521 511

356

515 521 538

363

535

14.4%

13.4%

12.4% 11.6% 11.3% 11.0% 11.3% 11.4%

12.1% 12.8% 12.9% 12.7%

12.2% 11.9% 11.7% 11.7% 11.8%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

0

100

200

300

400

500

600

Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14

Working Capital Working Capital (average LTM) as % of sales (LTM)

15

- 260 bps

[in EUR million]

Working Capital / Sales ratio stabilised below 12% of sales

Performance continued ops. Working Capital Development



142 173 189

207

310

355 387

414 404 3.6%

4.3% 4.6%

5.0%

7.4%

8.3%

9.0%

9.6% 9.3%

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

0

50

100

150

200

250

300

350

400

450

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14

Cash Flow Driver (LTM) Cash Flow Driver Margin (LTM)

Performance continued ops. Cash Flow Driver Margin Development


[in EUR million]

527

404

122 -1

512 513

Ø WC Q2 12-Q1 13

Ø WC Q2 13-Q1 14

Cash Flow Driver

LTM per Q1 14 D WC LTM CAPEX LTM

per Q1 14 EBITDA LTM per

Q1 14

engineering for a better world 17

[in EUR million]

Cash generation LTM: EUR ~230m

Performance Net Liquidity Reconciliation incl. GEA HX


-105.9 Dividend

Net Debt 31.03.2014 -432.4

CAPEX -154.4

Delta Working Capital -67.2

-261.1

-84.6

Net Debt bef. DOP, M&A and Dividend

-58.4 Discontinued Operations

Taxes / Interests

-7.0

-129.3

Others

668.4

Net Debt 31.03.2013 -494.0

Effect from acquisitions

EBITDA

D +EUR 233m


Performance continued ops. Service Business per Q1 LTM: 27% of Sales

1,123

239

452

238

195

1,160

240

470

249

201

GEA Group GEA FT GEA ME GEA PE GEA RT

Share of Service Sales

Organic growth YoY of +6.3% (+3.3% reported)

D +6%

(+3% reported)

%

27% 27% 41%

35% 35%

14% 14%

28% 27%

42%

[in EUR million]

Q1 2013 LTM Q1 2014 LTM


D +4%

(+0% reported)

D +7%

(+4% reported)

D +8%

(+5% reported)

D +6%

(+3% reported)


Performance continued ops. Summary Segment Performance Q1 2014 YoY


Q1 13 Q1 14 D % D %

organic

Order Intake 329.7 339.1 +2.9 +5.3

Sales 298.1 310.0 +4.0 +6.5

Operating

EBIT

32.7 34.5 +5.6

Operating

EBIT Margin

11.0% 11.1% +17

bps

Q1 13 Q1 14 D % D %

organic

Order Intake 138.8 161.6 +16.5 +21.6

Sales 110.8 126.6 +14.3 +20.2

Operating

EBIT

0.1 3.1 n.a.

Operating

EBIT Margin

0.1% 2.4% +229

bps

GEA FT GEA ME

GEA PE GEA RT

[in EUR million]

Q1 13 Q1 14 D % D %

organic

Order Intake 481.3 366.7 -23.8 -19.7

Sales 394.3 390.7 -0.9 +1.5

Operating

EBIT

25.7 26.6 +3.6

Operating

EBIT Margin

6.5% 6.8% +30

bps

Q1 13 Q1 14 D % D %

organic

Order Intake 177.9 192.9 +8.4 +13.5

Sales 152.1 154.9 +1.9 +5.3

Operating

EBIT

7.3 10.0 +36.0

Operating

EBIT Margin

4.8% 6.4% +161

bps


Performance continued ops. GEA Farm Technologies


Order Intake by Customer Industry Order Intake by Region

[in EUR million]

48% 49%

32%

32%

8%

7% 7%

6% 5%

6%

Q1 2013 Q1 2014

Latin America

Asia - Pacific

Eastern Europe& CIS

North America

Western Europe

100% 100%

Q1 2013 Q1 2014

Milking/Farming

Δ +17%

Δ +17%

Δ +14%

Δ +31%

Δ +6% Δ -3%

Order Intake

Q1

2013

Q1

2014 ∆

(%)

138.8 161.6 +16.5

thereof organic: +21.6

Sales

Q1

2013

Q1

2014 ∆

(%)

110.8 126.6 +14.3


Operating EBIT

Q1

2013

Q1

2014 ∆

(%)

0.1 3.1 n.a.

Operating EBIT Margin (%)

Q1

2013

Q1

2014 ∆

(bps)

0.1 2.4 +229


Performance continued ops. GEA Farm Technologies


Quarterly Large Order Development

[in EUR million]

100 116 115 116 126 130

140 129

147 144 146 143 139 151 149 151

161

1

3

1 1 1 5 2 1

1

0

20

40

60

80

100

120

140

160

180

Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m

Order Intake

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

574.5 619.6 +7.9


Sales

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

573.9 593.4 +3.4


Operating EBIT

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

44.5 47.5 +6.6


L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(bps)

7.8 8.0 +24


Performance continued ops. GEA Mechanical Equipment


Order Intake by Region

[in EUR million]

40% 43%

15% 13%

10% 8%

8% 9%

27% 27%

Q1 2013 Q1 2014

Other Industries

Pharma/Chemical

Beverages

Dairy Processing

Food36% 39%

26% 28%

18% 15%

6% 7%

8% 6% 4% 5% 2% 2%

Q1 2013 Q1 2014

Africa

Middle - East

Latin America

Eastern Europe &CIS

North America

Asia - Pacific

Western Europe

Δ +8%

Δ -7%

Δ +7%

Δ -2%

Δ -13%

Δ +8%

Δ +8%

Δ -17%

Δ +30%

Δ -30% Δ +7% Δ -10%

Order Intake

Q1

2013

Q1

2014 ∆

(%)

329.7 339.1 +2.9


Sales

Q1

2013

Q1

2014 ∆

(%)

298.1 310.0 +4.0


Operating EBIT

Q1

2013

Q1

2014 ∆

(%)

32.7 34.5 +5.6


Q1

2013

Q1

2014 ∆

(bps)

11.0 11.1 +17

Order Intake by Customer Industry


278 280 274

336

280 271 289 289 300 301 283 311

46 30 49 42 44 26 19 38 31

40 21 9 19 7 12 8 5

8 8 11 6 33 17

18

0

50

100

150

200

250

300

350

400

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m

Performance continued ops. GEA Mechanical Equipment



[in EUR million]

Order Intake

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

1,341.4 1,377.6 +2.7


Sales

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

1,295.2 1,339.6 +3.4


Operating EBIT

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

181.4 189.4 +4.4


L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(bps)

14.0 14.1 +13


Performance continued ops. GEA Process Engineering



[in EUR million]

44% 45%

30%

20%

5%

6%

16%

21%

6%

9%

Q1 2013 Q1 2014

Other Industries

Pharma/Chemical

Food

Beverages

Dairy Processing 27% 31%

25% 31%

19%

14%

9%

8%

14%

8%

2%

4%

4%

4%

Q1 2013 Q1 2014

Middle - East

Africa

Latin America

Eastern Europe& CIS

North America

Asia - Pacific

Western Europe

Δ -23%

Δ -49%

Δ -8%

Δ +3%

Δ +15%

Δ -12%

Δ -6%

Δ -42%

Δ -29% Δ -59% Δ +46% Δ -29%

Order Intake

Q1

2013

Q1

2014 ∆

(%)

481.3 366.7 -23.8

thereof organic: -19.7

Sales

Q1

2013

Q1

2014 ∆

(%)

394.3 390.7 -0.9


Operating EBIT

Q1

2013

Q1

2014 ∆

(%)

25.7 26.6 +3.6


Q1

2013

Q1

2014 ∆

(bps)

6.5 6.8 +30



Performance continued ops. GEA Process Engineering



[in EUR million]

Order Intake

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

1,820.2 1,946.4 +6.9


Sales

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

1,737.4 1,794.3 +3.3


Operating EBIT

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

171.8 189.2 +10.1


L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(bps)

9.9 10.5 +66

138 117 136 177 169 178 167 159 186 175 170 197 174 170 166 194 184

143 121 110

119 133 122 116 121 144

107 132 100 104

155 98

130 91

38 61 43

58 59 127

90 111 82

75 101 94 126

82 124

50 69

16 40 33

66 41 60

58

100

44

65 79 78

162 127

121

22

0

100

200

300

400

500

600



Performance continued ops. GEA Refrigeration Technologies


[in EUR million]

Order Intake

Q1

2013

Q1

2014 ∆

(%)

177.9 192.9 +8.4


Sales

Q1

2013

Q1

2014 ∆

(%)

152.1 154.9 +1.9


Operating EBIT

Q1

2013

Q1

2014 ∆

(%)

7.3 10.0 +36.0


Q1

2013

Q1

2014 ∆

(bps)

4.8 6.4 +161


57% 48%

4% 7% 3% 4% 8% 5%

28% 35%

Q1 2013 Q1 2014

Other Industries

Pharma/Chemical

Beverages

Dairy Processing

Food37%

42%

19%

19% 13%

14% 15%

12% 9%

6% 5% 4% 2% 2%

Q1 2013 Q1 2014

Latin America

Middle - East

Africa

Asia - Pacific

North America

Eastern Europe& CIS

Western Europe


Δ -9%

Δ +38% Δ -32%

Δ +40%

Δ +22%

Δ +9%

Δ +24%

Δ -11%

Δ +36%

Δ -12%

Δ -28%

Δ +118%


Performance continued ops. GEA Refrigeration Technologies



[in EUR million]

Order Intake

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

756.2 741.2 -2.0


Sales

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

697.4 739.5 +6.0


Operating EBIT

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

54.8 64.2 +17.0


L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(bps)

7.9 8.7 +82

113 121 122 120 128 145

126 135 140 139 146 142 140 134 139 146 134

14 30 17 27 19

17

20 35 29 22

44 50 22 35 35

40 46

10 5 6 19

8 20

10 6

12 6 13

0

50

100

150

200

250


16


Guidance FY 2014 continued operations confirmed


Sales: moderate growth

Cash Flow Driver Margin:

EBITDA – Capex - / + D Working Capital (LTM)

Sales Sales Sales

Operating EBITDA: EUR 550m - EUR 590m

At the condition of no unexpected economic downturns, assuming constant FX-rates versus FY

2013 and disregarding potential acquisitions and one-off expenses we are aiming in 2014 for:

Cash Flow Driver Margin: 9.0% – 9.5%


Additional Financial Information for 2014 continued ops.


Depreciation & amortization (incl PPA): around EUR 100m p.a.

Thereof impact from PPA in 2014 and around EUR 23m p.a.

In subsequent years: thereof GEA FS around EUR 13m p.a.

Long term target capex level: around 2% of sales

Working Capital LTM: approx. 11% - 13% of sales LTM

Dividend policy: payout ratio around 1/3 of net income

Interest rate financial liabilities: below 3.5%


Investor Relations Calendar Upcoming Roadshows and Conferences


May 7, 2014 Roadshow Germany Frankfurt

May 22, 2014 Conference Sweden Stockholm

May 13, 2014 Conference Netherlands Amsterdam

May 14, 2014 Roadshow France Paris

June 3, 2014 Roadshow Germany Munich

June 11 - 13, 2014 Conference Germany Berlin

June 11 - 13, 2014 Conferences UK London

July 10 – 11, 2014 Capital Markets Day London


Financial Calendar


July 28, 2014 Interim Report Q2 2014

October 28, 2014 Interim Report Q3 2014


Backup


Performance

GEA Group and Segments - incl. GEA Heat Exchangers


Performance continued ops. Order Intake Q1 2014


Q1 2014 vs.

Q1 2013

Q1 2014 vs.

Q4 2013

Order Intake previous

period 1,095 1,144

Structural Change 0 0% 0 0%

Currency Effects -44 -4.0% -4 -0.3%

Organic Development -27 -2.5% -116 -10.2%

Order Intake current

period 1,024 -6.5% 1,024 -10.5%

∆ abs. ∆ in %

∆ abs. ∆ in %

[in EUR million]


∆ abs. ∆ in %

∆ abs. ∆ in %

∆ abs. ∆ in %

[in EUR million]

Performance continued ops. Sales Q1 2014

Q1 2014 vs.

Q1 2013

Q1 2014 vs.

Q4 2013

Sales

previous period 924 1,242


Currency Effects -29 -3.1% -4 -0.4%

Organic Development +55 +6.0% -287 -23.1%

Sales

current period 951 +2.9% 951 -23.5%

∆ abs. ∆ in %

∆ abs. ∆ in %


Performance continued ops. Operating EBITDA Q1 2014


∆ abs. ∆ in %

∆ abs. ∆ in %

∆ abs. ∆ in %

[in EUR million]

Q1 2014 vs.

Q1 2013

Q1 2014 vs.

Q4 2013

Operating EBITDA

previous period 72.4 205.7


Currency Effects -2.0 -2.8% -0.2 -0.1%

Organic Development +14.8 +20.4% -120.4 -58.5%

Operating EBITDA

current period 85.1 +17.6% 85.1 -58.6%

∆ abs. ∆ in %

∆ abs. ∆ in %


8387

72

85

Q1 2014 Operating

EBITDA

One-Offs FX Q1 2014

Operating EBITDA

before FX

Organic Q1 2013 Operating

EBITDA

Q1 2014 Reported

EBITDA

+15 -2 -2

+20.4%

-2.8% -2.9%

[in EUR million]

Performance continued ops. EBITDA Bridge Q1 2014


USD

DKK

GBP

CNY

PLN

BRL

SGD

NZD

AUD

17%

7%

4%

5%

2%

2%

2%

3%

2%

-3.6%

0.0%

+2.8%

-1.6%

-0.7%

-18.6%

-6.0%

-3.4%

-16.8%

Currency % total Q1

3rd party Sales

FX development

Q1 14 vs Q1 13 (avg)

Performance continued ops. FX Development Q1 2014 YoY

CAD 1% -11.9%


625

551

615

872

929

912

506

647

510

477

470

481

515

363

535

39

Trade

Receivables Inventories

Trade

Payables Advance

Payments

Working

Capital

Q4 2013

Q1 2014

-17

-2%

+64

+12%

-137

-21%

+11

+2%

+172

+47%

Q1 2013

+57

+6%

-74

-12%

+141

+28%

-7

-1%

-152

-29%

_

_

_

[in EUR million]

Performance continued ops. Working Capital Development



Performance GEA Heat Exchangers



[in EUR million]

17%

36%

34%

32% 28%

14% 4%

5%

4%

4%

4%

3% 8%

6%

Q1 2013 Q1 2014

Others

Food &Beverages

Pharma/Chemical

Marine

Power

Environment

Oil & Gas

46% 36%

10% 24%

19%

17% 11%

10% 3%

7% 8%

3% 3%

2%

Q1 2013 Q1 2014

Middle - East

Africa

Latin America

Eastern Europe &CIS

Asia - Pacific

North America

Western Europe

Δ +3%

Δ +42%

Δ -7%

Δ -11%

Δ +167%

Δ +1%

Δ -2%

Δ -14% Δ -50% Δ +131%

Δ -46%

Order Intake

Q1

2013

Q1

2014 ∆

(%)

361.9 399.7 +10.4


Sales

Q1

2013

Q1

2014 ∆

(%)

318.1 311.4 -2.1


Operating EBIT

Q1

2013

Q1

2014 ∆

(%)

17.8 17.6 -0.8


Q1

2013

Q1

2014 ∆

(bps)

5.6 5.7 +7


Δ +137%

Δ -7% Δ -15%


Performance GEA Heat Exchangers



[in EUR million]

Order Intake

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

1,465.6 1,538.1 +4.9


Sales

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

1,537.2 1,482.4 -3.6

thereof organic: -1.3

Operating EBIT

L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(%)

128.8 123.2 -4.4


L4Q per

Q1 2013

L4Q per

Q1 2014 ∆

(bps)

8.4 8.3 -7

250 266 256 239 290 294 276 254 281 272 274

225 261 276 253 248 251

40 52

46 74 37 47 61

33

62 66 45

54

65 48 57 61 60

14

27 30 7

18 42 32

72

33 12

8 31

12 40 10 28 32

53 73 80 31

63 104 30

28 49

39 24

29

89 56

0

50

100

150

200

250

300

350

400

450

500



Performance GEA Group & Segments Key Figures Time Line (1/6)


Order Intake

[in EUR million]Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010

GEA Food Solutions1) 95,1 116,4 100,5 85,7 397,7 75,6 101,2 81,6 95,5 353,9 115,5 94,5 100,7 98,9 409,6

GEA Farm Technologies 123,5 120,5 137,0 116,0 497,1 94,9 101,2 94,9 98,6 389,6 101,1 116,1 115,0 116,3 448,5

GEA Mechanical Equipment2) 257,4 258,0 237,0 177,0 929,4 194,9 162,2 158,6 169,4 685,1 172,0 194,7 191,9 181,8 740,4

GEA Process Engineering 367,3 355,4 346,4 264,4 1.333,6 251,0 308,7 254,0 334,6 1.148,3 335,7 339,0 321,7 419,7 1.416,1

GEA Refrigeration Technologies 174,1 152,3 144,2 143,3 613,9 138,9 143,2 114,3 130,3 526,6 127,5 150,6 148,9 152,5 579,6

GEA Group excluding HX 899,2 863,9 842,9 687,1 3.293,0 664,4 703,0 605,0 715,6 2.688,1 713,4 777,3 755,3 854,4 3.100,3

GEA Heat Exchangers 485,0 416,4 389,1 431,4 1.721,9 413,6 338,9 365,0 301,3 1.418,7 304,4 398,3 404,1 399,2 1.506,0

GEA Group incl. HX 1.374,3 1.272,7 1.223,5 1.113,3 4.983,9 1.072,5 1.036,0 962,3 1.009,9 4.080,7 1.010,2 1.167,3 1.152,6 1.247,8 4.578,0

Order Backlog


GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.



GEA Process Engineering 850,7 830,9 826,6 666,2 666,2 651,5 658,2 627,9 660,2 660,2 757,6 821,2 788,9 813,0 813,0


GEA Group excluding HX 1.483,5 1.520,3 1.539,2 1.283,6 1.283,6 1.276,0 1.274,4 1.175,8 1.161,1 1.161,1 1.301,8 1.417,0 1.362,1 1.333,5 1.333,5

GEA Heat Exchangers 1.348,3 1.344,1 1.291,7 1.172,1 1.172,1 1.203,6 1.165,3 1.142,6 1.008,6 1.008,6 1.006,7 1.061,1 1.071,3 1.086,9 1.086,9

GEA Group incl. HX 2.822,6 2.857,8 2.823,8 2.450,7 2.450,7 2.476,2 2.435,3 2.312,2 2.164,1 2.164,1 2.301,1 2.468,5 2.423,7 2.414,0 2.414,0

Sales


GEA Food Solutions1) 91,8 99,1 98,5 104,8 394,2 89,0 79,8 82,8 82,5 334,1 101,0 99,8 93,1 103,7 397,6



GEA Process Engineering 328,2 395,8 364,5 398,9 1.487,4 270,7 281,9 278,1 313,2 1.144,0 256,9 298,5 330,9 402,2 1.288,5


GEA Group excluding HX 735,9 856,2 844,4 916,2 3.352,7 674,5 688,4 695,0 756,1 2.814,0 603,2 700,7 769,7 889,5 2.963,1

GEA Heat Exchangers 398,7 449,8 481,7 529,0 1.859,2 387,0 421,2 372,0 443,1 1.623,4 340,9 370,8 361,6 410,1 1.483,4

GEA Group incl. HX 1.127,2 1.295,8 1.318,0 1.438,0 5.179,0 1.054,5 1.103,9 1.060,8 1.191,9 4.411,2 938,2 1.065,1 1.124,7 1.290,4 4.418,4

Operating EBITDA

[in EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010

GEA Food Solutions1) -4,5 7,0 9,4 7,6 19,4 -2,9 4,9 7,0 6,4 15,5 13,5 10,3 5,5 6,8 36,2





GEA Group excluding HX 51,9 82,7 87,8 120,7 343,0 42,7 57,3 66,2 82,6 248,7 44,9 63,7 79,8 122,3 310,6

GEA Heat Exchangers 42,6 55,7 65,2 79,8 243,2 36,1 38,2 45,5 58,6 178,4 33,2 34,2 38,3 47,0 152,7

GEA Group incl. HX 94,5 138,6 152,7 200,1 585,9 78,8 95,4 111,7 147,2 433,1 78,1 97,9 118,1 169,5 463,5

Operating EBITDA - Margin

[in %] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010

GEA Food Solutions1) -4,9% 7,1% 9,5% 7,2% 4,9% -3,2% 6,2% 8,4% 7,8% 4,6% 13,4% 10,3% 5,9% 6,6% 9,1%

GEA Farm Technologies 6,3% 11,0% 15,4% 14,6% 12,4% 0,9% 8,2% 9,6% 8,2% 7,1% 4,4% 5,7% 9,9% 12,0% 8,5%

GEA Mechanical Equipment2) 15,3% 17,3% 15,5% 20,6% 17,2% 13,4% 12,9% 17,3% 21,3% 16,1% 15,8% 15,5% 19,5% 23,3% 18,8%

GEA Process Engineering 3,7% 6,6% 7,7% 11,8% 7,6% 4,1% 6,2% 7,5% 12,3% 7,7% 5,7% 6,9% 7,0% 12,0% 8,3%

GEA Refrigeration Technologies 5,8% 7,5% 8,2% 9,6% 7,9% 3,5% 6,3% 3,4% 6,7% 5,1% 3,2% 6,1% 6,6% 9,2% 6,6%

GEA Group excluding HX 7,0% 9,7% 10,4% 13,2% 10,2% 6,3% 8,3% 9,5% 10,9% 8,8% 7,4% 9,1% 10,4% 13,7% 10,5%

GEA Heat Exchangers 10,7% 12,4% 13,5% 15,1% 13,1% 9,3% 9,1% 12,2% 13,2% 11,0% 9,7% 9,2% 10,6% 11,5% 10,3%

GEA Group incl. HX 8,4% 10,7% 11,6% 13,9% 11,3% 7,5% 8,6% 10,5% 12,4% 9,8% 8,3% 9,2% 10,5% 13,1% 10,5%




Order Intake

[in EUR million]Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14

GEA Food Solutions1) 125,5 - - - - - - - - - - - - - - -

GEA Farm Technologies 125,9 129,5 140,3 131,7 527,4 148,1 145,7 147,4 142,6 583,9 138,8 155,7 150,7 151,6 596,7 161,6

GEA Mechanical Equipment2) 219,2 332,5 329,5 323,6 1.204,7 336,2 329,0 327,1 355,6 1.347,9 329,7 346,4 357,7 334,4 1.368,2 339,1

GEA Process Engineering 401,5 426,2 433,3 449,0 1.709,9 511,3 401,2 468,5 469,2 1.850,2 481,3 570,0 515,2 494,6 2.061,0 366,7

GEA Refrigeration Technologies 152,7 162,8 164,8 170,1 650,4 177,9 180,4 200,1 197,8 756,2 177,9 181,2 174,9 192,3 726,3 192,9

GEA Group excluding HX 874,3 1.024,8 1.040,6 1.047,0 3.986,7 1.146,0 1.028,6 1.111,6 1.139,2 4.425,4 1.095,1 1.220,0 1.168,3 1.144,4 4.627,9 1.024,3

GEA Heat Exchangers 375,5 445,6 369,8 462,3 1.653,2 406,1 379,0 375,1 349,7 1.509,8 361,9 363,5 348,1 426,8 1.500,3 399,7

GEA Group incl. HX 1.242,1 1.462,5 1.402,8 1.502,2 5.609,7 1.544,9 1.401,0 1.477,3 1.477,9 5.901,1 1.447,1 1.574,0 1.509,2 1.562,5 6.092,7 1.415,1

Order Backlog




GEA Mechanical Equipment2) 304,1 431,2 445,9 395,2 395,2 446,5 452,9 442,5 438,4 438,4 442,6 446,5 456,8 428,4 428,4 456,3

GEA Process Engineering 888,2 927,4 972,2 951,2 951,2 1.082,3 1.104,5 1.142,5 1.069,6 1.069,6 1.164,2 1.269,5 1.334,9 1.290,5 1.290,5 1.267,9


GEA Group excluding HX 1.581,2 1.643,7 1.700,9 1.599,2 1.599,2 1.841,1 1.900,9 1.932,4 1.829,9 1.829,9 1.982,6 2.085,3 2.136,2 2.015,5 2.015,5 2.086,7

GEA Heat Exchangers 1.092,5 1.135,4 1.063,5 1.086,0 1.086,0 1.103,2 1.074,1 1.045,5 933,3 933,3 979,3 846,5 799,5 805,1 805,1 878,8

GEA Group incl. HX 2.666,6 2.770,6 2.755,7 2.677,3 2.677,3 2.935,6 2.967,4 2.967,8 2.751,6 2.751,6 2.950,0 2.919,1 2.926,5 2.810,9 2.810,9 2.956,6

Sales




GEA Mechanical Equipment2) 191,6 311,1 317,0 371,0 1.190,7 269,3 319,2 328,6 349,2 1.266,4 298,1 334,0 336,3 359,3 1.327,8 310,0

GEA Process Engineering 300,8 385,1 394,7 496,6 1.577,2 373,2 401,2 423,6 518,3 1.716,3 394,3 435,6 441,3 526,7 1.798,0 390,7


GEA Group excluding HX 706,7 964,6 980,5 1.176,4 3.828,3 880,5 994,1 1.060,5 1.207,2 4.142,3 924,2 1.064,6 1.089,1 1.242,2 4.320,0 950,7

GEA Heat Exchangers 338,1 390,9 424,2 463,6 1.616,8 389,7 404,3 392,1 422,7 1.608,8 318,1 385,9 380,8 404,2 1.489,1 311,4

GEA Group incl. HX 1.038,0 1.349,0 1.397,4 1.632,2 5.416,5 1.263,7 1.391,3 1.445,6 1.619,6 5.720,1 1.232,7 1.441,9 1.459,5 1.638,1 5.772,2 1.253,1

Operating EBITDA

[in EUR million] Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14




GEA Process Engineering 20,0 31,2 38,6 73,4 163,2 20,1 39,4 43,0 75,9 178,4 29,4 45,0 46,3 82,5 203,2 30,2


GEA Group excluding HX 62,4 100,3 119,8 187,0 469,6 68,0 110,7 132,3 183,5 494,4 72,4 118,4 133,5 205,7 530,1 85,1

GEA Heat Exchangers 29,5 35,3 46,9 48,7 160,4 32,6 35,9 37,5 61,5 167,5 26,1 37,6 38,6 55,9 158,2 25,8

GEA Group incl. HX 91,9 135,7 166,7 235,7 630,1 100,6 146,6 169,8 245,0 661,9 98,5 156,0 172,1 261,6 688,3 110,6

Operating EBITDA - Margin

[in %] Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14

GEA Food Solutions1) 5,5% - - - - - - - - - - - - - - -

GEA Farm Technologies 5,0% 7,1% 10,8% 10,9% 8,9% 4,2% 8,5% 11,3% 14,2% 10,1% 2,8% 6,4% 11,2% 15,8% 9,9% 4,8%

GEA Mechanical Equipment2) 17,1% 16,4% 16,2% 18,8% 17,2% 12,2% 14,9% 16,7% 18,3% 15,7% 12,9% 14,5% 16,9% 19,8% 16,2% 13,6%

GEA Process Engineering 6,6% 8,1% 9,8% 14,8% 10,3% 5,4% 9,8% 10,1% 14,6% 10,4% 7,5% 10,3% 10,5% 15,7% 11,3% 7,7%

GEA Refrigeration Technologies 6,7% 8,7% 8,5% 12,4% 9,3% 7,3% 8,1% 9,0% 12,2% 9,4% 6,3% 8,9% 9,3% 13,1% 9,6% 8,0%

GEA Group excluding HX 8,8% 10,4% 12,2% 15,9% 12,3% 7,7% 11,1% 12,5% 15,2% 11,9% 7,8% 11,1% 12,3% 16,6% 12,3% 9,0%

GEA Heat Exchangers 8,7% 9,0% 11,1% 10,5% 9,9% 8,4% 8,9% 9,6% 14,5% 10,4% 8,2% 9,7% 10,1% 13,8% 10,6% 8,3%

GEA Group incl. HX 8,9% 10,1% 11,9% 14,4% 11,6% 8,0% 10,5% 11,7% 15,1% 11,6% 8,0% 10,8% 11,8% 16,0% 11,9% 8,8%




EBITDA reported









GEA Group incl. HX 94,5 138,6 152,7 200,1 585,9 76,7 82,3 87,9 121,8 368,7 76,8 83,3 86,7 118,9 365,7

Operating EBIT



GEA Farm Technologies 4,3 11,9 19,5 19,5 55,2 -1,3 6,0 8,6 7,0 20,3 1,0 3,1 8,8 13,4 26,3






GEA Group incl. HX 77,1 120,6 133,6 179,1 510,4 57,9 73,3 89,4 121,4 341,9 54,4 73,6 94,5 144,3 366,8

Operating EBIT - Margin

[in %] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010

GEA Food Solutions1) -9,4% 3,4% 6,2% 4,2% 1,3% -9,2% 1,9% 4,5% 4,1% 0,1% 9,4% 7,0% 1,7% 3,0% 5,3%

GEA Farm Technologies 4,6% 9,6% 14,1% 13,2% 10,9% -1,5% 6,1% 7,6% 6,1% 4,9% 1,2% 2,9% 7,4% 9,9% 5,9%

GEA Mechanical Equipment2) 13,8% 15,7% 14,0% 18,8% 15,6% 11,6% 10,8% 15,1% 18,8% 14,0% 13,3% 13,1% 17,4% 19,7% 16,1%

GEA Process Engineering 2,9% 5,9% 6,9% 10,9% 6,8% 3,0% 5,0% 6,5% 11,3% 6,6% 4,5% 5,8% 6,0% 11,1% 7,2%

GEA Refrigeration Technologies 4,5% 6,3% 6,9% 8,7% 6,8% 2,0% 4,8% 2,1% 5,6% 3,7% 1,6% 4,6% 5,3% 8,1% 5,2%

GEA Group excluding HX 5,5% 8,3% 8,9% 11,7% 8,8% 4,4% 6,3% 7,5% 8,8% 6,8% 5,0% 6,9% 8,5% 11,7% 8,4%

GEA Heat Exchangers 9,2% 11,0% 12,1% 13,7% 11,7% 7,4% 7,1% 9,9% 11,1% 8,9% 7,2% 6,8% 8,1% 9,8% 8,0%

GEA Group incl. HX 6,8% 9,3% 10,1% 12,5% 9,9% 5,5% 6,6% 8,4% 10,2% 7,8% 5,8% 6,9% 8,4% 11,2% 8,3%

EBIT reported



GEA Farm Technologies 4,1 11,6 18,8 18,8 53,4 -1,6 3,6 7,4 3,1 12,4 0,5 2,2 8,1 9,2 20,0





GEA Heat Exchangers 36,4 49,1 58,1 71,8 215,4 27,2 21,8 26,0 48,8 123,8 22,8 13,4 8,9 -15,2 29,9

GEA Group incl. HX 76,1 119,3 131,8 177,1 504,2 53,8 58,1 63,5 92,8 268,2 51,0 56,4 60,8 68,2 236,5




EBITDA reported




GEA Mechanical Equipment2) 32,7 31,4 52,1 69,9 186,1 -3,0 43,5 48,3 46,1 134,9 38,6 48,3 56,8 71,0 214,7 42,1





GEA Group incl. HX 91,9 116,0 167,4 234,9 610,2 64,7 142,4 162,9 226,9 597,0 98,1 152,4 168,9 240,5 659,8 106,7

Operating EBIT









GEA Group incl. HX 69,0 109,7 139,8 206,1 524,6 74,7 122,5 146,7 216,8 560,8 73,2 129,9 145,6 233,3 582,1 84,1

Operating EBIT - Margin

[in %] Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14

GEA Food Solutions1) 2,5% - - - - - - - - - - - - - - -







GEA Group incl. HX 6,6% 8,1% 10,0% 12,6% 9,7% 5,9% 8,8% 10,1% 13,4% 9,8% 5,9% 9,0% 10,0% 14,2% 10,1% 6,7%

EBIT reported



GEA Farm Technologies 1,5 5,0 11,4 13,2 31,1 1,2 7,5 13,9 20,3 42,9 -0,9 4,8 13,7 23,7 41,2 2,3

GEA Mechanical Equipment2) 28,4 17,6 38,9 60,3 145,2 -12,8 34,5 38,5 21,8 82,1 28,7 38,1 46,1 58,8 171,7 30,5





GEA Group incl. HX 66,8 79,3 131,3 197,2 474,6 32,6 111,7 133,1 176,5 453,9 66,2 119,7 135,8 203,2 525,0 73,6




Capital Employed w/o goodwill3) (average LTM)



GEA Farm Technologies n.a. n.a. n.a. 204,0 204,0 219,7 235,5 241,7 241,4 241,4 250,5 260,9 271,3 284,0 284,0

GEA Mechanical Equipment2) n.a. n.a. n.a. 349,8 349,8 364,3 371,3 374,2 367,7 367,7 346,5 327,9 309,9 300,7 300,7

GEA Process Engineering n.a. n.a. n.a. 270,6 270,6 274,2 276,2 269,7 255,1 255,1 241,1 235,7 237,8 238,9 238,9

GEA Refrigeration Technologies n.a. n.a. n.a. 221,1 221,1 236,8 249,9 258,6 258,7 258,7 244,9 226,6 202,4 177,9 177,9

GEA Group excluding HX n.a. n.a. n.a. 1.063,4 1.063,4 1.097,4 1.117,9 1.113,4 1.094,3 1.094,3 1.078,4 1.071,0 1.066,0 1.069,5 1.069,5

GEA Heat Exchangers n.a. n.a. n.a. 707,3 707,3 757,2 789,7 793,4 752,0 752,0 711,8 687,1 677,7 672,8 672,8

GEA Group incl. HX n.a. n.a. n.a. 1.772,4 1.772,4 1.853,4 1.903,4 1.899,0 1.835,9 1.835,9 1.780,9 1.750,3 1.738,4 1.739,9 1.739,9

ROCE w/o goodwill4) LTM

[in%]Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010


GEA Farm Technologies n.a. n.a. n.a. 26,2% 26,2% 21,7% 16,8% 11,6% 5,1% 5,1% 5,8% 5,0% 5,1% 7,1% 7,1%

GEA Mechanical Equipment2) n.a. n.a. n.a. 35,9% 35,9% 33,4% 29,9% 27,9% 23,8% 23,8% 24,5% 26,5% 28,7% 34,5% 34,5%

GEA Process Engineering n.a. n.a. n.a. 37,0% 37,0% 35,7% 30,8% 25,2% 20,5% 20,5% 23,5% 26,4% 31,0% 37,7% 37,7%

GEA Refrigeration Technologies n.a. n.a. n.a. 18,4% 18,4% 15,5% 13,1% 9,5% 5,1% 5,1% 5,3% 5,5% 7,8% 6,9% 6,9%

GEA Group excluding HX n.a. n.a. n.a. 26,4% 26,4% 24,3% 20,8% 17,4% 11,3% 11,3% 12,1% 12,8% 14,4% 18,9% 18,9%

GEA Heat Exchangers n.a. n.a. n.a. 30,5% 30,5% 27,2% 22,7% 18,5% 16,5% 16,5% 16,8% 16,2% 13,8% 4,4% 4,4%

GEA Group incl. HX n.a. n.a. n.a. 28,4% 28,4% 26,0% 22,1% 18,6% 14,6% 14,6% 14,9% 15,1% 15,0% 13,6% 13,6%

Capital Employed w/o goodwill3) (average LTM)


GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. - - - - - - - - - - -





GEA Group excluding HX 1.117,9 1.266,4 1.436,7 1.619,6 1.619,6 1.771,9 1.830,3 1.872,7 1.887,4 1.887,4 1.890,1 1.890,6 1.886,5 1.895,0 1.895,0 1.900,4


GEA Group incl. HX 1.796,3 1.949,7 2.128,3 2.314,2 2.314,2 2.462,7 2.518,1 2.548,2 2.556,5 2.556,5 2.546,1 2.534,0 2.523,5 2.525,5 2.525,5 2.536,5

ROCE w/o goodwill4) LTM

[in%]Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14

GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. - - - - - - - - - - -







GEA Group incl. HX 14,0% 14,1% 16,2% 20,5% 20,5% 17,9% 18,8% 18,6% 17,8% 17,8% 19,2% 19,6% 19,7% 20,8% 20,8% 21,0%


Performance GEA Group & Segments Key Figures Time Line (6/6): Remarks


1) All historical figures for GEA FS before Q2 2011 are pro-forma figures only and haven't been audited due to the fact that GEA

FS's Financial Year was ending end of February. The listed historical figures before Q2 2011 are not included in the Group-

numbers of the corresponding period.

2) Since Q2 2011 GEA ME figures includes GEA FS

3) Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999.

4) ROCE LTM = EBIT reported (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the

former Metallgesellschaft AG in 1999 (average LTM).

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