Conference Call Düsseldorf, July 30, GEA Group Aktiengesellschaft
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 Conference Call - July 30,
Key Messages / Key Figures Order Intake EUR 1,574m Sales EUR 1,442m Record order intake Organic: +13% yoy driven by food industry Organic: +5% yoy Pages 5,6,7 Pages 5,6,37 Book to Bill Ratio GEA Group L4Q: 1.04 Pages 12,13 Operating EBIT EUR 126m +3% yoy Pages 5,6 Operating EBIT-Margin 8.8%; stable yoy Pages 5,6 Further reduction of Working Capital / Sales ratio Cash Generation Capacity Pages 15,16 Cash Flow Driver Margin (LTM) improved to 9.0% ROCE (LTM) 19.6%; +80 bps improvement yoy Page 14 Excluding lower double-digit million costs relating to Outlook the strategy and portfolio project, GEA confirms its Pages 31,32 previous business outlook for 3 Conference Call - July 30,
Agenda January June I. Key Figures II. Performance III. Outlook Backup Performance GEA Group and Segments 4 Conference Call - July 30,
I. Key Figures GEA Group Q1 YoY Order Intake +3% Sales +1% 2,946 3,021 2,655 2,675 1,401 +12% 1,574 +9% 1,391 +4% 1,442 +17% Q1 1,545-6% 1,447 Q1 1,264-2% 1,233 Operating EBIT +1% Operating EBIT-Margin +2 bps 197 199 7.4% 7.5% 122 +3% 126 +73% 8.8% 8.8% +283 bps Q1 Q1 75-2% 73 5.9% 5.9% 5 Conference Call - July 30,
I. Key Figures Segments GEA FS GEA FT GEA HX GEA ME GEA PE GEA RT GEA FS GEA FT GEA HX GEA ME GEA PE GEA RT 1,401 1,574-7% 90 96 +7% 156 146-4% 364 379 257 233 +10% 401 +42% 570 180 0% 181 122 126 2-33% 6 8 28 28 0% 41 36 Order Intake +12% Operating EBIT +3% +5% +15% 43 41 11 +29% 14-1 GEA FS GEA FT GEA HX GEA ME GEA PE GEA RT Sales +4% 1,391 1,442 102-8% 93 133 +1% 134 404-5% 386 218 +11% 241 401 +9 436 165 +15% 189 Operating EBIT Margin YoY GEA FS 1.8% -0.8% -264 bps GEA FT 6.2% 4.1% -205 bps GEA HX 6.8% 7.2% +35 bps GEA ME 18.7% 17.8% -92 bps GEA PE 8.9% 9.5% +56 bps GEA RT 6.7% 7.6% +86 bps GEA Group 8.8% 8.8% -5 bps 6 Conference Call - July 30,
Order Intake vs. Q1- vs. Q1- vs. Q1 Order Intake previous period abs. in % abs. in % abs. in % 1,401 2,946 1,447 Structural Change +9 +0.6% +15 +0.5% 0 0% Currency Effects -21-1.5% -39-1.3% 0 0% Organic Development +185 +13.2% +99 +3.4% +127 +8.8% Order Intake current period 1,574 +12.3% 3,021 +2.6% 1,574 +8.8% 7 Conference Call - July 30,
Regional Order Intake Trend as of 13 Q1 13 Q4 12 Q3 12 12 North America QoQ: -24% w/o LO*: +7% YoY: -7% w/o LO*: -2% 13 Q1 13 Q4 12 Q3 12 12 Western Europe QoQ: +24% w/o LO*: -3% YoY: +28% w/o LO*: +3% 13 Q1 13 Q4 12 Q3 12 12 Eastern Europe & CIS QoQ: -2% w/o LO*: +10% YoY: +16% w/o LO*: +5% 0 100 200 300 400 500 600 0 100 200 300 400 500 600 700 0 100 200 300 400 500 600 13 Q1 13 Q4 12 Q3 12 12 Latin America QoQ: -33% w/o LO*: -16% YoY: -23% w/o LO*: -15% 13 Q1 13 Q4 12 Q3 12 12 Asia Pacific QoQ: +24% w/o LO*: +50% YoY: +19% w/o LO*: +19% 0 100 200 300 400 500 600 0 100 200 300 400 500 600 13 Q1 13 Q4 12 Q3 12 12 Africa QoQ: +19% w/o LO*: +8% YoY: +37% w/o LO*: +12% 0 100 200 300 400 500 600 13 Q1 13 Q4 12 Q3 12 12 GEA 0 400 800 1200 1600 QoQ: +9% w/o LO*: +8% YoY: +12% w/o LO*: +4% 13 Q1 13 Q4 12 Q3 12 12 Middle East QoQ: +9% w/o LO*: -17% YoY: -41% w/o LO*: -19% 0 100 200 300 400 500 600 * LO: large orders with volume of greater than EUR 5m are illustrated at the end of the bars. 8 Conference Call - July 30,
Large Order Development since Q3 2009 All order intake categories increased YoY but also QoQ 1,600 1,400 1,200 1,000 800 76 101 105 59 140 156 16 52 203 93 106 88 95 210 185 146 69 223 63 72 178 82 210 214 63 178 231 60 162 161 183 228 241 130 129 281 114 72 151 134 114 132 138 142 233 265 229 209 162 142 282 600 400 662 673 739 777 767 809 879 905 991 954 916 1,005 982 966 959 961 988 200 0 Q3 09 Q4 09 Q1 10 10 Q3 10 Q4 10 Q1 11 11 11 Q3 11 Q4 11 Q1 12 12 Q3 12 Q4 12 Q1 13 13 (w/o FS) (incl.fs) OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 9 Conference Call - July 30,
Regional Sales Split L4Q per Middle East abs.: -8% YoY Latin America abs.: -10% YoY Eastern Europe & CIS abs.: -5% YoY North America abs.: +7% YoY 10% (10%) 15% (14%) 5% 5% (5%) 6% (5%) (7%) Africa abs.: +1% YoY Sales L4Q per : EUR 5,740m +1% YoY 24% (22%) 35% (36%) Asia-Pacific abs.: +7% YoY Western Europe abs.: -1% YoY Top 3 Countries USA 14% (13%) abs.: +8% YoY China 11% (10%) abs.: +8% YoY Germany 10% (10%) abs.: -1% YoY Emerging markets* exposure: 42% (42%) abs.: +1% YoY * According to the definition of emerging/developing economies by International Monetary Fund. 10 Conference Call - July 30,
Order Intake by Customer Industry since Q4 2009* 180% 160% 140% 120% 100% 80% 60% 180% 160% 140% 120% 100% 80% 60% * Average last four quarters: Q1 Q4 2009 = Index 100 11 Q4 09 Q4 09 Q1 10 10 Q3 10 Q4 10 Food - Dairy Food - Solid Q1 10 10 Q3 10 Q4 10 Q1 11 Q1 11 11 11 Q3 11 Q3 11 Q4 11 Q4 11 Conference Call - July 30, Q1 12 12 Q3 12 Q4 12 Q1 13 Food - Beverages GEA Group Q1 12 12 Q3 12 Q4 12 Q1 13 Pharma Chemicals Marine GEA Group 13 13 180% 160% 140% 120% 100% 80% 60% Q4 09 Q1 10 10 Q3 10 Q4 10 Q1 11 11 Oil & Gas Climate & Environment 5% 12% 3% 7% 6% 9% 6% 20% 9% 24% +12% 1,401 1,574 Food exposure: 59% Q3 11 4% 11% 5% 3% 6% 7% 6% 16% 10% 33% Q4 11 Q1 12 12 Q3 12 Power GEA Group Δ-19% Δ+6% Δ 0% Δ-18% Δ+10% Δ-13% Δ+4% Δ-8% Δ+24% Δ+54% Q4 12 Other Industries Climate & Environment Marine Chemicals Pharma Power Oil & Gas Q1 13 Food - Solid Food - Beverages Food - Dairy 13
Book to Bill Ratios by Industry/Region L4Q Book to bill ratio (L4Q) Western Europe Eastern Europe & CIS North America Latin America Africa Middle - East Asia - Pacific BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI Total Food - Dairy 1.35 10.8% 1.08 2.6% 1.11 6.0% 1.05 2.0% 0.98 0.9% 0.81 0.6% 0.83 4.7% 1.10 27.6% Food - Liquid 1.18 2.9% 0.99 0.9% 1.27 1.6% 1.72 1.0% 1.28 0.8% 1.11 0.3% 1.16 4.1% 1.20 11.6% Food - Solid 1.03 7.6% 1.26 2.1% 0.81 2.3% 0.86 1.1% 1.02 1.1% 0.79 0.7% 0.92 2.9% 0.97 17.7% Total Food & Beverages 1.19 21.4% 1.13 5.6% 1.04 9.8% 1.09 4.0% 1.07 2.7% 0.85 1.6% 0.95 11.8% 1.08 57.0% Oil & Gas 1.25 1.2% 0.74 0.9% 1.16 1.1% 0.59 0.4% 1.06 0.5% 1.41 0.6% 1.24 1.7% 1.06 6.4% Power 0.93 2.2% 1.09 0.3% 1.32 1.3% 0.77 0.5% 0.44 0.6% 0.85 1.3% 0.82 1.6% 0.86 7.7% Total Energy 1.02 3.3% 0.81 1.2% 1.24 2.4% 0.68 0.9% 0.59 1.1% 0.98 1.9% 0.99 3.4% 0.94 14.1% Pharma 1.00 1.7% 1.22 0.5% 0.88 0.7% 1.51 0.3% 2.72 0.2% 0.66 0.1% 1.17 2.0% 1.10 5.6% Chemicals 1.28 1.9% 0.90 0.4% 0.71 0.7% 0.96 0.4% 0.74 0.0% 1.01 0.3% 0.92 2.1% 0.98 5.8% Marine 0.97 1.4% 0.41 0.0% 1.03 0.1% 1.74 0.1% 1.00 0.0% 1.27 0.0% 0.84 1.0% 0.92 2.7% Climate & Environment 1.02 6.8% 0.99 1.6% 1.20 1.1% 1.48 0.3% 0.76 0.2% 1.15 0.4% 1.06 0.8% 1.04 11.2% Other Industries 0.98 1.4% 2.19 0.4% 1.36 0.5% 1.11 0.3% 0.80 0.1% 1.37 0.2% 0.99 0.9% 1.11 3.7% Other 1.04 13.1% 1.07 2.9% 0.98 3.1% 1.23 1.4% 1.11 0.5% 1.07 1.0% 0.99 6.8% 1.03 28.9% Total 1.12 37.9% 1.06 9.8% 1.05 15.3% 1.03 6.2% 0.89 4.3% 0.95 4.5% 0.97 22.0% 1.04 100.0% Book to Bill categories Color code: Only cross-sections with a share of > 1% of group order intake are colored <= 0.8 > 0.8 and < 1.0 >= 1.2 > 1.0 and < 1.2 12 Conference Call - July 30,
Top Line Trend / Order Backlog 3500 3,500 3000 3,000 2500 2,500 2,301 2,469 2,424 2,414 2,667 2,771 2,756 1,071 2,677 2,936 2,967 2,968 1,167 2,752 2,950 2,919 1,119 2000 2,000 969 1500 1,500 1000 1,000 500 1,500 1,700 1,800 1,800 0 0 0.94 0.98 1.00 1.04 1.06 1.06 1.06 1.04 1.04 1.03 1.03 1.03 1.02 1.04 Q1 10 10 Q3 10 Q4 10 Q1 11 11 Q3 11 Q4 11 Q1 12 12 Q3 12 Q4 12 Q1 13 13 Order Backlog invoicable in respective FY Order Backlog invoicable after respective FY Order Intake Sales # L4Q BtB ratio 13 Conference Call - July 30,
ROCE Development* 3,000 3000 25% 2,500 2500 20% 2,000 2000 17.9% 18.8% 18.6% 17.8% 19.2% 19.6% 15% 1,500 1500 1,000 1000 2,463 2,518 2,548 2,556 2,546 2,534 10% 500 5% 0 Q1 12 12 Q3 12 Q4 12 Q1 13 13 0% Capital Employed (average LTM) ROCE (average LTM) * 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) 14 Conference Call - July 30,
Working Capital Development Further reduction of Working Capital / Sales ratio achieved 900 800 700 17.2% 16.4% 15.0% 13.9% - 470 bps 13.1% 12.4% 12.4% 12.4% 12.6% 12.6% 12.9% 13.3% 13.2% 18% 16% 14% 600 13.3% 12.9% 12.5% 12% 500 10% 400 300 200 657 482 567 555 566 445 647 707 720 577 772 764 741 533 726 752 8% 6% 4% 100 2% 0 Q3 09 Q4 09 Q1 10 10 Q3 10 Q4 10 Q1 11 11 Q3 11 Q4 11 Q1 12 12 Q3 12 Q4 12 Q1 13 13 0% Working Capital Working Capital (average LTM) as % of sales (LTM) 15 Conference Call - July 30,
Cash Flow Driver Margin Development 600 500 8.3% 9.0% 10% 9% 8% EBITDA LTM per 13 CAPEX LTM per 13 Δ Working Capital LTM 161-37 Cash Flow Driver LTM per 13 400 5.3% 5.7% 6.4% 7% 6% 640 516 300 4.5% 5% 200 100 252 299 329 368 470 516 4% 3% 2% 1% 756 719 0 Q1 12 12 Q3 12 Q4 12 Q1 13 13 Cash Flow Driver (LTM) Cash Flow Driver Margin (LTM) 0% Ø WC Q3 11-12 Ø WC Q3 12-13 16 Conference Call - July 30,
Net Liquidity Reconciliation Cash generation LTM: > EUR 300m Net Debt 30.6. EBITDA (730.4) 640.7 Delta Working Capital 2.7 CAPEX Taxes / Interests Δ +EUR 307.1m (119.9) (160.7) Others (55.6) Net Debt bef. DOP, M&A and Dividend (423.3) Discontinued Operations (33.3) Effect from Acquisitions (17.2) Dividend (106.6) Net Debt 30.6. (580.4) 17 Conference Call - July 30,
Service Business Q1- Change in service sales Q1- yoy: -0.1% to a total of EUR 635m Share of service sales Q1- : 23.7% (Q1- : 23.9%) 0% 636 24% 635 24% +2% 69 71 35% 41% +4% -24% 110 114 109 83 47% 44% 14% 12% +4% 148 155 34% 34% +12% 107 119 14% 14% 0% 93 93 30% 27% GEA Group GEA FS* GEA FT GEA HX GEA ME GEA PE GEA RT Q1- Q1- * Calculated w/o one-time POC-related accounting adjustments of EUR 42m (in the denominator) in Q1. % Service business as % of sales 18 Conference Call - July 30,
GEA Food Solutions Order Intake 95.8 89.6-6.5 thereof organic: -6.1 Sales 101.6 93.4-8.1 thereof organic: -7.7 Operating EBIT* 1.8-0.8-141.9 Operating EBIT* Margin (bps) 1.8-0.8-264 * Before PPA and non-recurring items of EUR 3.7m in. Order Intake by Customer Industry Order Intake by Region Food & Beverages 100% 100% Δ -6% 14% 3% 6% 2% 8% 6% 7% 9% 16% 17% 14% 20% Δ -80% Δ +232% Δ -27% Δ -35% Δ -12% Δ +35% Eastern Europe & CIS Africa Latin America Middle - East North America 37% 43% Δ +10% Asia - Pacific Western Europe 19 Conference Call - July 30,
GEA Food Solutions Order Intake 193.2 165.4-14.4 Sales* 154.3 173.1 +12.2 thereof organic: -14.1 thereof organic: +12.5 ** Before PPA and non-recurring items of EUR 39.5m in. * As reported in statements, after 42m POC-related accounting adjustments in. Operating EBIT** -7.5-6.4 +15.3 Operating EBIT** Margin (bps) -4.9-3.7 +119 140 Quarterly Large Order Development # 120 100 80 17 14 13 35 20 22 15 8 10 8 4 14 60 40 73 71 77 77 74 67 84 71 67 20 0 11 Q3 11 Q4 11 Q1 12 12 Q3 12 Q4 12 Q1 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m # Without orders from CFS Kempten, which was disposed in Dec. 2011. 20 Conference Call - July 30,
GEA Farm Technologies Order Intake 145.7 155.7 +6.8 thereof organic: +3.5 Sales 133.1 133.8 +0.5 thereof organic: -1.1 Operating EBIT 8.2 5.5-32.9 Operating EBIT Margin (bps) 6.2 4.1-205 Order Intake by Customer Industry Order Intake by Region Food & Beverages 100% 100% Δ +7% 8% 15% 6% 33% 8% 8% 14% 32% Δ +8% Δ -38% Δ +145% Δ +4% Latin America Eastern Europe & CIS Asia - Pacific North America 38% 37% Δ +6% Western Europe 21 Conference Call - July 30,
GEA Farm Technologies Order Intake 293.8 294.4 +0.2 thereof organic: -1.7 Sales 250.8 244.6-2.5 thereof organic: -4.6 Operating EBIT 10.1 5.6-44.2 Operating EBIT Margin (bps) 4.0 2.3-173 Quarterly Large Order Development 180 160 140 120 100 80 60 40 20 0 1 95 101 94 99 100 1 116 115 116 126 130 140 3 129 1 1 1 147 144 146 143 139 Q1 09 09 Q3 09 Q4 09 Q1 10 10 Q3 10 Q4 10 Q1 11 11 Q3 11 Q4 11 Q1 12 12 Q3 12 Q4 12 Q1 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 5 151 22 Conference Call - July 30,
GEA Heat Exchangers Order Intake Sales Operating EBIT Operating EBIT Margin 379.0 363.5-4.1 404.3 385.9-4.6 27.6 27.7 +0.4 (bps) 6.8 7.2 +35 thereof organic: -2.7 thereof organic: -3.2 Order Intake by Customer Industry Order Intake by Region Other Industries Marine Food & Beverages Chemicals Oil & Gas Power Climate & Environment 7% 4% 5% 6% 4% 5% 4% 6% 15% 17% 30% 25% 33% 39% Δ -37% Δ -2% Δ -34% Δ +15% Δ +6% Δ -23% Δ +11% 6% 3% 7% 6% 11% 6% 8% 7% 13% 11% 14% 19% 44% 46% Δ -55% Δ -30% Δ -52% Δ +10% Δ +11% Δ +24% Δ -2% Africa Latin America Middle - East North America Eastern Europe & CIS Asia - Pacific Western Europe 23 Conference Call - July 30,
GEA Heat Exchangers Order Intake Sales Operating EBIT Operating EBIT Margin 785.0 725.4-7.6 794.0 704.0-11.3 51.6 45.3-12.1 (bps) 6.5 6.4-6 thereof organic: -6.4 thereof organic: -10.1 Quarterly Large Order Development 500 450 400 350 300 250 200 150 100 50 0 60 45 51 258 252 21 84 27 15 39 7 27 48 47 226 212 14 40 53 73 80 31 42 0 32 27 18 30 7 37 47 61 52 46 74 250 266 256 239 63 104 72 33 290 294 276 254 30 33 28 12 49 62 8 66 45 281 272 274 39 31 54 225 24 12 40 65 48 261 276 Q1 09 09 Q3 09 Q4 09 Q1 10 10 Q3 10 Q4 10 Q1 11 11 Q3 11 Q4 11 Q1 12 12 Q3 12 Q4 12 Q1 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 24 Conference Call - July 30,
GEA Mechanical Equipment Order Intake 233.2 256.8 +10.1 thereof organic: +11.3 Sales 217.6 240.5 +10.6 thereof organic: +11.4 Operating EBIT 40.7 42.8 +5.1 Operating EBIT Margin (bps) 18.7 17.8-92 Order Intake by Customer Industry Order Intake by Region Other Industries Chemicals Pharma Power Oil & Gas Climate & Environment Marine Food & Beverages 2% 2% 5% 7% 8% 6% 7% 3% 7% 7% 5% 8% 12% 12% 57% 53% Δ +5% Δ -30% Δ +30% Δ +136% Δ +12% Δ +79% Δ +6% Δ -1% 2% 2% 4% 3% 6% 3% 6% 13% 21% 18% 29% 31% 31% 32% Δ +42% Δ +22% Δ +126% Δ -48% Δ +30% Δ 0% Δ +15% Africa Eastern Europe & CIS Middle - East Latin America North America Western Europe Asia - Pacific 25 Conference Call - July 30,
GEA Mechanical Equipment Order Intake 472.0 510.7 +8.2 thereof organic: +8.3 Sales 434.2 459.0 +5.7 thereof organic: +5.6 Operating EBIT 76.9 81.1 +5.5 Operating EBIT Margin (bps) 17.7 17.7-3 Quarterly Large Order Development 300 250 200 150 7 15 7 13 17 15 13 5 6 13 12 3 9 5 20 29 18 15 6 12 19 7 33 17 5 20 29 14 16 24 100 50 173 138 143 143 167 188 167 179 199 193 199 189 214 206 204 205 218 233 0 Q1 09 09 Q3 09 Q4 09 Q1 10 10 Q3 10 Q4 10 Q1 11 11 Q3 11 Q4 11 Q1 12 12 Q3 12 Q4 12 Q1 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 26 Conference Call - July 30,
GEA Process Engineering Order Intake 401.2 570.0 +42.1 thereof organic: +43.2 Sales 401.2 435.6 +8.6 thereof organic: +10.0 Operating EBIT 35.8 41.2 +15.3 Operating EBIT Margin (bps) 8.9 9.5 +56 Order Intake by Customer Industry Order Intake by Region Other Industries Climate & Environment Chemicals 4% 6% 9% 17% 2% 4% 6% 13% Δ -4% Δ -18% Δ -13% Δ +8% 4% 6% 12% 3% 6% 1% 4% 5% 6% 9% 30% Δ -77% Δ -12% Δ -38% Δ +206% Δ +100% Δ +13% Middle - East Latin America North America Africa Pharma Food & Beverages 64% 75% Δ +69% 37% 46% 31% Δ +108% Eastern Europe & CIS Asia - Pacific Western Europe 27 Conference Call - July 30,
GEA Process Engineering Order Intake 912.5 1,051.2 +15.2 thereof organic: +16.7 Sales 774.4 830.0 +7.2 thereof organic: +8.4 Operating EBIT 52.3 66.9 +27.9 Operating EBIT Margin (bps) 6.8 8.1 +131 Quarterly Large Order Development 600 500 400 300 200 100 0 48 81 60 17 79 52 49 66 60 55 80 16 40 38 33 61 43 143 121 110 122 121 119 140 138 117 136 66 41 58 59 127 60 58 90 111 119 133 122 116 121 100 82 144 107 132 100 177 169 178 167 159 186 175 170 197 174 170 44 75 65 79 78 101 94 126 Q1 09 09 Q3 09 Q4 09 Q1 10 10 Q3 10 Q4 10 Q1 11 11 Q3 11 Q4 11 Q1 12 12 Q3 12 Q4 12 Q1 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 104 162 82 155 28 Conference Call - July 30,
GEA Refrigeration Technologies Order Intake 180.4 181.2 +0.4 thereof organic: +2.5 Sales 165.2 189.2 +14.5 thereof organic: +16.5 Operating EBIT 11.1 14.3 +29.2 Operating EBIT Margin (bps) 6.7 7.6 +86 Order Intake by Customer Industry Order Intake by Region Other Industries Climate & Environment Chemicals 14% 13% 8% 4% 6% 11% 8% 8% Δ -13% Δ -49% Δ -46% Δ -9% 2% 3% 14% 8% 8% 10% 15% 11% 8% 13% 14% 15% Δ +53% Δ -44% Δ +18% Δ -29% Δ +49% Δ +7% Latin America Middle - East Africa North America Oil & Gas Food & Beverages 55% 65% Δ +17% 39% 41% Δ +3% Eastern Europe & CIS Asia - Pacific Western Europe 29 Conference Call - July 30,
GEA Refrigeration Technologies Order Intake 358.3 359.1 +0.2 thereof organic: +1.9 Sales 314.8 341.2 +8.4 thereof organic: +10.1 Operating EBIT 19.8 21.7 +9.2 Operating EBIT Margin (bps) 6.3 6.3 +5 Quarterly Large Order Development 250 200 150 100 50 10 6 8 20 44 50 16 12 17 35 29 22 22 35 10 5 6 19 10 15 30 17 27 19 20 18 17 10 14 10 16 145 111 110 105 105 113 121 122 120 128 126 135 140 139 146 142 140 134 0 Q1 09 09 Q3 09 Q4 09 Q1 10 10 Q3 10 Q4 10 Q1 11 11 Q3 11 Q4 11 Q1 12 12 Q3 12 Q4 12 Q1 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 30 Conference Call - July 30,
III. Outlook Key Figures FY Assuming that there is no further downturn in global economic growth, we are aiming at the following in the current fiscal year Sales: moderate growth EBITDA*: around EUR 700m* Cash Flow Driver Margin*: at least 8%* * These figures do not include costs relating to the strategy and portfolio project in the lower double digit millions, resulting in particular from portfolio decision on June 20,. Calculation Cash Flow Driver Margin: EBITDA Capex - / + Working Capital (LTM) Sales Sales Sales 31 Conference Call - July 30,
III. Outlook Additional Financial Information for Impact from PPA in and in subsequent years: around EUR 25m p.a. thereof GEA FS around EUR 14m p.a. Working Capital LTM: approx. 12% - 14% of sales LTM Interest result: interest rate for financial liabilities (excl. pensions) below 4% p.a. Tax rate in P&L after impact from tax around 22.5% loss carry forwards: Depreciation & amortization: amounted to around EUR 145m in FY Sustainable capex level: around 2.0% of sales Dividend policy: around 1/3 of net income 32 Conference Call - July 30,
Investor Relations Calendar Upcoming Roadshows and Conferences July 31 & August 1-2, Roadshow Ireland & UK Dublin, London August 2, Roadshow Germany Frankfurt August 27-28, Roadshow Scandinavia Stockholm, Helsinki August 30, Conference Germany Frankfurt Sept 3-6, Roadshow / Conference UK Edinburgh, London Sept 5, Roadshow Denmark Copenhagen Sept 11-12, Roadshow Switzerland Zurich Sept 16-19, Roadshow/Conference North America New York, Boston, Toronto Sept 19, 24-25, Conference Germany Frankfurt, Munich Oct 8-9, Roadshow UK London 33 Conference Call - July 30,
Financial Calendar October 31, Interim Report Q3 March 7, 2014 Annual Report FY 34 Conference Call - July 30,
35
Agenda January June I. Key Figures II. Performance III. Outlook Backup Performance GEA Group and Segments 36 Conference Call - July 30,
Backup: Performance GEA Group Sales vs. Q1- vs. Q1- vs. Q1 Sales previous period abs. in % abs. in % abs. in % 1,391 2,655 1,233 Structural Change +6 +0.4% +15 +0.6% 0 0% Currency Effects -20-1.4% -34-1.3% 0 0% Organic Development +65 +4.7% +39 +1.5% +209 +17.0% Sales current period 1,442 +3.6% 2,675 +0.7% 1,442 +17.0% 37 Conference Call - July 30,
Backup: Performance GEA Group Working Capital Development Trade Receivables Inventories Trade Payables Advance Payments Working Capital _ 1,323 806 730 647 752 +48-7 +43-28 +26 Q1 +4% 1,274-1% 813 _ +6% 687-4% 675 +4% 726-3 -34-4 +4-38 -0% 1,278-4% 848 _ -1% 691 +1% 671-5% 764 38 Conference Call - July 30,
Backup: Performance GEA Group & Segments Key Figures Time Line (1/5) Order Intake Q1 08 08 Q3 08 Q4 08 2008 Q1 09 09 Q3 09 Q4 09 2009 Q1 10 10 Q3 10 Q4 10 2010 GEA Food Solutions 1) 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 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 Mechanical Equipment 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 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 Q1 08 08 Q3 08 Q4 08 2008 Q1 09 09 Q3 09 Q4 09 2009 Q1 10 10 Q3 10 Q4 10 2010 GEA Food Solutions 1) 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 Farm Technologies 107.8 106.0 111.1 77.5 77.5 86.0 89.5 77.2 61.5 61.5 77.1 89.4 80.6 63.1 63.1 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 Mechanical Equipment 290.8 357.5 376.5 338.0 338.0 325.6 303.5 285.2 280.8 280.8 298.3 319.1 306.1 284.1 284.1 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 Refrigeration Technologies 241.9 235.5 236.8 204.1 204.1 222.4 231.7 196.7 169.9 169.9 183.8 203.9 205.9 183.8 183.8 GEA Group 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 Q1 08 08 Q3 08 Q4 08 2008 Q1 09 09 Q3 09 Q4 09 2009 Q1 10 10 Q3 10 Q4 10 2010 GEA Food Solutions 1) 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 Farm Technologies 94.9 123.9 138.5 147.1 504.5 86.6 98.5 112.0 114.7 411.8 85.4 106.6 119.8 134.9 446.7 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 Mechanical Equipment 196.9 190.7 210.9 211.2 809.7 200.0 179.9 163.8 174.0 717.5 156.7 173.7 193.1 201.9 725.4 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 Refrigeration Technologies 132.5 159.3 142.9 175.9 610.6 122.3 136.9 148.2 158.2 565.6 117.4 135.3 139.7 171.3 563.7 GEA Group 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 EBITDA reported Q1 08 08 Q3 08 Q4 08 2008 Q1 09 09 Q3 09 Q4 09 2009 Q1 10 10 Q3 10 Q4 10 2010 GEA Food Solutions 1) -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 Farm Technologies 6.0 13.6 21.3 21.5 62.3 0.8 6.0 10.2 5.9 23.0 3.8 5.7 11.7 13.1 34.3 GEA Heat Exchangers 42.6 55.7 65.2 79.8 243.2 35.5 30.7 35.2 59.4 160.8 32.1 23.4 18.7 15.2 89.4 GEA Mechanical Equipment 30.1 32.9 32.8 43.5 139.3 26.7 23.1 26.6 27.1 103.5 24.8 25.3 28.9 45.2 124.1 GEA Process Engineering 12.1 26.1 28.0 47.0 113.2 10.2 14.0 11.2 30.9 66.4 14.7 19.8 22.8 48.1 105.4 GEA Refrigeration Technologies 7.7 11.9 11.7 16.9 48.1 4.0 8.1 3.9 6.6 22.5 3.7 7.5 7.1 2.6 21.0 GEA Group 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 EBITDA-Margin reported [in %] Q1 08 08 Q3 08 Q4 08 2008 Q1 09 09 Q3 09 Q4 09 2009 Q1 10 10 Q3 10 Q4 10 2010 GEA Food Solutions 1) -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% 6.1% 9.1% 5.2% 5.6% 4.4% 5.4% 9.8% 9.7% 7.7% GEA Heat Exchangers 10.7% 12.4% 13.5% 15.1% 13.1% 9.2% 7.3% 9.5% 13.4% 9.9% 9.4% 6.3% 5.2% 3.7% 6.0% GEA Mechanical Equipment 15.3% 17.3% 15.5% 20.6% 17.2% 13.4% 12.8% 16.2% 15.6% 14.4% 15.8% 14.6% 14.9% 22.4% 17.1% GEA Process Engineering 3.7% 6.6% 7.7% 11.8% 7.6% 3.8% 5.0% 4.0% 9.9% 5.8% 5.7% 6.6% 6.9% 12.0% 8.2% GEA Refrigeration Technologies 5.8% 7.5% 8.2% 9.6% 7.9% 3.3% 5.9% 2.6% 4.2% 4.0% 3.2% 5.5% 5.1% 1.5% 3.7% GEA Group 8.4% 10.7% 11.6% 13.9% 11.3% 7.3% 7.5% 8.3% 10.2% 8.4% 8.2% 7.8% 7.7% 9.2% 8.3% 39 Conference Call - July 30,
Backup: Performance GEA Group & Segments Key Figures Time Line (2/5) Order Intake Q1 11 11 Q3 11 Q4 11 2011 Q1 12 12 Q3 12 Q4 12 Q1 13 13 GEA Food Solutions 1) 125.5 102.3 107.9 119.6 329.8 97.4 95.8 81.7 101.0 375.9 75.8 89.6 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 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 GEA Mechanical Equipment 219.2 230.1 221.6 203.9 874.9 238.7 233.2 245.4 254.6 971.9 253.9 256.8 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 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 GEA Group 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 Order Backlog Q1 11 11 Q3 11 Q4 11 2011 Q1 12 12 Q3 12 Q4 12 Q1 13 13 GEA Food Solutions 1) 104.4 109.2 105.0 85.5 85.5 122.8 111.2 97.4 107.3 107.3 95.5 90.7 GEA Farm Technologies 85.4 92.5 93.9 74.4 74.4 104.5 117.3 107.1 79.9 79.9 107.8 120.9 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 GEA Mechanical Equipment 304.1 322.0 340.9 309.7 309.7 323.7 341.7 345.1 331.1 331.1 347.1 355.8 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 GEA Refrigeration Technologies 210.4 206.6 206.1 197.0 197.0 224.4 245.8 265.4 257.0 257.0 283.6 268.8 GEA Group 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 Sales Q1 11 11 Q3 11 Q4 11 2011 Q1 12 12 Q3 12 Q4 12 Q1 13 13 GEA Food Solutions 1) 112.9 103.3 112.1 130.6 346.0 52.7 101.6 90.1 88.0 332.4 79.7 93.4 GEA Farm Technologies 99.6 118.3 138.1 153.8 509.8 117.8 133.1 157.8 172.3 580.9 110.8 133.8 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 GEA Mechanical Equipment 191.6 207.8 204.9 240.4 844.7 216.7 217.6 238.5 261.2 933.9 218.5 240.5 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 GEA Refrigeration Technologies 132.8 166.6 166.2 181.6 647.2 149.5 165.2 177.0 203.1 694.8 152.1 189.2 GEA Group 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 EBITDA reported Q1 11 11 Q3 11 Q4 11 2011 Q1 12 12 Q3 12 Q4 12 Q1 13 13 GEA Food Solutions 1) 6.2-13.2 8.6 12.0 7.4-43.1-0.8-4.8-20.7-69.4-4.0 0.9 GEA Farm Technologies 5.0 8.4 15.0 16.8 45.2 5.0 11.2 17.8 24.2 58.2 2.8 8.5 GEA Heat Exchangers 29.5 35.3 46.9 48.6 160.3 32.6 35.9 37.5 61.5 167.5 26.0 36.3 GEA Mechanical Equipment 32.7 44.6 43.5 57.9 178.7 40.1 44.3 53.1 66.8 204.3 42.6 47.3 GEA Process Engineering 20.0 31.2 38.6 73.4 163.2 20.1 39.4 42.7 75.9 178.1 29.4 45.0 GEA Refrigeration Technologies 8.9 14.3 14.1 21.7 59.0 11.0 13.4 16.0 24.9 65.2 9.6 16.8 GEA Group 91.9 116.0 167.4 234.9 610.2 64.7 142.4 162.9 226.9 597.0 98.1 152.4 EBITDA-Margin reported [in %] Q1 11 11 Q3 11 Q4 11 2011 Q1 12 12 Q3 12 Q4 12 Q1 13 13 GEA Food Solutions 1) 5.5% -12.8% 7.7% 9.2% 2.1% -81.8% -0.7% -5.3% -23.5% -20.9% -5.1% 1.0% GEA Farm Technologies 5.0% 7.1% 10.8% 10.9% 8.9% 4.2% 8.5% 11.3% 14.1% 10.0% 2.5% 6.4% 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% 9.4% GEA Mechanical Equipment 17.1% 21.5% 21.2% 24.1% 21.2% 18.5% 20.4% 22.3% 25.6% 21.9% 19.5% 19.7% 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% GEA Refrigeration Technologies 6.7% 8.6% 8.5% 12.0% 9.1% 7.3% 8.1% 9.0% 12.2% 9.4% 6.3% 8.9% GEA Group 8.9% 8.6% 12.0% 14.4% 11.3% 5.1% 10.2% 11.3% 14.0% 10.4% 8.0% 10.6% 40 Conference Call - July 30,
Backup: Performance GEA Group & Segments Key Figures Time Line (3/5) EBIT before PPA & non-recurring items Q1 08 08 Q3 08 Q4 08 2008 Q1 09 09 Q3 09 Q4 09 2009 Q1 10 10 Q3 10 Q4 10 2010 GEA Food Solutions 1) -8.6 3.4 6.1 4.4 5.3-8.2 1.5 3.7 3.4 0.4 9.5 7.0 1.6 3.1 21.2 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 Heat Exchangers 36.5 49.3 58.4 72.3 216.6 28.5 29.8 37.0 49.0 144.3 24.5 25.1 29.2 40.0 118.8 GEA Mechanical Equipment 27.2 29.9 29.6 39.7 126.4 23.3 19.4 24.7 32.8 100.2 20.8 22.8 33.6 39.7 117.0 GEA Process Engineering 9.5 23.5 25.2 43.6 101.8 8.0 14.2 18.0 35.5 75.7 11.5 17.2 19.8 44.7 93.2 GEA Refrigeration Technologies 5.9 10.0 9.9 15.4 41.2 2.5 6.6 3.1 8.9 21.1 1.9 6.3 7.3 13.9 29.4 GEA Group 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 EBIT-Margin before PPA & non-recurring items [in %] Q1 08 08 Q3 08 Q4 08 2008 Q1 09 09 Q3 09 Q4 09 2009 Q1 10 10 Q3 10 Q4 10 2010 GEA Food Solutions 1) -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 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 Mechanical Equipment 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 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 before restructuring 2) Q1 08 08 Q3 08 Q4 08 2008 Q1 09 09 Q3 09 Q4 09 2009 Q1 10 10 Q3 10 Q4 10 2010 GEA Food Solutions 1) 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 Farm Technologies 4.1 11.6 18.8 18.8 53.4-1.6 5.6 7.9 6.6 18.5 0.5 2.5 8.2 12.6 23.9 GEA Heat Exchangers 36.4 49.1 58.1 71.8 215.4 27.9 29.2 36.4 48.5 142.0 23.9 24.5 28.6 37.2 114.3 GEA Mechanical Equipment 27.0 29.7 29.4 39.5 125.6 23.0 19.2 24.5 32.6 99.3 20.6 22.6 33.4 39.5 116.2 GEA Process Engineering 9.2 23.1 24.8 43.1 100.2 7.6 13.7 17.6 35.0 73.9 11.1 16.7 19.3 44.1 91.3 GEA Refrigeration Technologies 5.9 9.8 9.7 15.2 40.7 2.2 6.4 2.9 8.0 19.4 1.6 6.0 7.1 13.6 28.3 GEA Group 76.1 119.3 131.8 177.1 504.2 56.0 71.2 87.2 118.8 333.2 52.3 71.4 92.3 139.7 355.8 Capital Employed w/o goodwill 3) (average LTM) Q1 08 08 Q3 08 Q4 08 2008 Q1 09 09 Q3 09 Q4 09 2009 Q1 10 10 Q3 10 Q4 10 2010 GEA Food Solutions 1) 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 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 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 Mechanical Equipment 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 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 goodwill 4) LTM [in%] Q1 08 08 Q3 08 Q4 08 2008 Q1 09 09 Q3 09 Q4 09 2009 Q1 10 10 Q3 10 Q4 10 2010 GEA Food Solutions 1) 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 Farm Technologies n.a. n.a. n.a. 26.2% 26.2% 21.7% 17.7% 12.7% 7.7% 7.7% 8.2% 6.7% 6.6% 8.4% 8.4% GEA Heat Exchangers n.a. n.a. n.a. 30.5% 30.5% 27.3% 23.7% 20.8% 18.9% 18.9% 19.4% 19.4% 18.5% 17.0% 17.0% GEA Mechanical Equipment n.a. n.a. n.a. 35.9% 35.9% 33.4% 29.9% 28.4% 27.0% 27.0% 28.0% 30.6% 35.2% 38.6% 38.6% GEA Process Engineering n.a. n.a. n.a. 37.0% 37.0% 36.0% 32.3% 30.4% 29.0% 29.0% 32.1% 34.1% 34.6% 38.2% 38.2% GEA Refrigeration Technologies n.a. n.a. n.a. 18.4% 18.4% 15.6% 13.4% 10.3% 7.5% 7.5% 7.7% 8.1% 11.2% 15.9% 15.9% GEA Group n.a. n.a. n.a. 28.4% 28.4% 26.1% 22.9% 20.6% 18.2% 18.2% 18.5% 18.8% 19.3% 20.4% 20.4% 41 Conference Call - July 30,
Backup: Performance GEA Group & Segments Key Figures Time Line (4/5) EBIT before PPA & non-recurring items Q1 11 11 Q3 11 Q4 11 2011 Q1 12 12 Q3 12 Q4 12 Q1 13 13 GEA Food Solutions 1) 2.8 4.0 5.5 10.2 19.6-9.4 1.8-0.2-4.7-12.4-5.6-0.8 GEA Farm Technologies 2.1 5.6 12.1 14.0 33.8 1.9 8.2 14.7 21.5 46.3 0.1 5.5 GEA Heat Exchangers 20.8 26.5 37.9 36.7 121.8 24.0 27.6 31.3 52.1 135.0 17.7 27.7 GEA Mechanical Equipment 28.6 40.5 39.3 53.8 162.1 36.2 40.7 49.4 61.7 187.9 38.3 42.8 GEA Process Engineering 16.5 27.6 34.6 69.4 148.2 16.6 35.8 39.1 71.3 162.7 25.7 41.2 GEA Refrigeration Technologies 7.1 12.3 11.9 20.1 51.3 8.7 11.1 13.8 22.6 56.2 7.3 14.3 GEA Group 69.0 109.7 139.8 206.1 524.6 74.7 122.5 146.7 216.8 560.8 73.1 126.3 EBIT-Margin before PPA & non-recurring items [in %] Q1 11 11 Q3 11 Q4 11 2011 Q1 12 12 Q3 12 Q4 12 Q1 13 13 GEA Food Solutions 1) 2.5% 3.8% 4.9% 7.8% 5.7% -17.8% 1.8% -0.3% -5.3% -3.7% -7.0% -0.8% GEA Farm Technologies 2.1% 4.7% 8.7% 9.1% 6.6% 1.6% 6.2% 9.3% 12.5% 8.0% 0.1% 4.1% GEA Heat Exchangers 6.1% 6.8% 8.9% 7.9% 7.5% 6.2% 6.8% 8.0% 12.3% 8.4% 5.6% 7.2% GEA Mechanical Equipment 14.9% 19.5% 19.2% 22.4% 19.2% 16.7% 18.7% 20.7% 23.6% 20.1% 17.5% 17.8% GEA Process Engineering 5.5% 7.2% 8.8% 14.0% 9.4% 4.4% 8.9% 9.2% 13.8% 9.5% 6.5% 9.5% GEA Refrigeration Technologies 5.3% 7.4% 7.2% 11.0% 7.9% 5.8% 6.7% 7.8% 11.1% 8.1% 4.8% 7.6% GEA Group 6.6% 8.1% 10.0% 12.6% 9.7% 5.9% 8.8% 10.1% 13.4% 9.8% 5.9% 8.8% EBIT before restructuring 2) Q1 11 11 Q3 11 Q4 11 2011 Q1 12 12 Q3 12 Q4 12 Q1 13 13 GEA Food Solutions 1) n.a. -22.6-0.2 6.8-16.0-48.5-5.3-9.8-39.3-102.8-9.0-4.1 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 GEA Heat Exchangers 20.2 25.7 37.2 35.0 118.0 23.4 27.0 30.7 49.2 130.3 17.1 27.1 GEA Mechanical Equipment 28.4 40.3 39.1 53.5 161.2 35.8 39.7 48.3 61.1 184.9 37.7 42.2 GEA Process Engineering 16.1 27.2 34.1 68.8 146.1 15.9 35.0 38.1 70.8 159.8 25.0 40.6 GEA Refrigeration Technologies 6.8 10.6 11.1 18.0 46.6 8.2 10.6 13.3 22.0 54.0 6.8 13.8 GEA Group 66.8 79.3 131.3 197.2 474.6 32.6 111.7 133.1 176.5 453.9 66.2 119.7 Capital Employed w/o goodwill 3) (average LTM) Q1 11 11 Q3 11 Q4 11 2011 Q1 12 12 Q3 12 Q4 12 Q1 13 13 GEA Food Solutions 1) n.a. n.a. n.a. n.a. n.a. 529.5 530.1 526.8 519.8 519.8 510.6 502.4 GEA Farm Technologies 288.6 289.7 292.5 297.7 297.7 302.1 308.2 314.8 319.3 319.3 324.7 327.9 GEA Heat Exchangers 680.7 684.2 691.6 694.6 694.6 690.5 688.2 675.9 669.9 669.9 658.2 646.6 GEA Mechanical Equipment 303.6 308.4 317.6 328.8 328.8 345.1 373.5 402.3 429.7 429.7 456.3 470.2 GEA Process Engineering 237.4 235.8 238.7 249.0 249.0 273.3 290.0 296.7 286.0 286.0 270.8 262.2 GEA Refrigeration Technologies 176.5 187.8 205.4 225.9 225.9 241.8 249.0 253.6 254.7 254.7 255.6 256.1 GEA Group 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 ROCE w/o goodwill 4) LTM [in%] Q1 11 11 Q3 11 Q4 11 2011 Q1 12 12 Q3 12 Q4 12 Q1 13 13 GEA Food Solutions 1) n.a. n.a. n.a. n.a. n.a. -12.2% -8.9% -10.8% -19.8% -19.8% -12.4% -12.4% GEA Farm Technologies 8.6% 9.5% 10.5% 10.4% 10.4% 10.2% 10.8% 11.3% 13.4% 13.4% 12.6% 11.6% GEA Heat Exchangers 16.2% 16.3% 17.4% 17.0% 17.0% 17.6% 17.8% 17.2% 19.4% 19.4% 18.8% 19.2% GEA Mechanical Equipment 40.8% 45.9% 46.4% 49.0% 49.0% 48.9% 45.0% 44.1% 43.0% 43.0% 41.0% 40.3% GEA Process Engineering 40.5% 45.2% 50.9% 58.7% 58.7% 53.4% 53.0% 53.2% 55.9% 55.9% 62.4% 66.6% GEA Refrigeration Technologies 19.0% 20.3% 20.5% 20.6% 20.6% 19.8% 19.2% 19.7% 21.2% 21.2% 20.6% 21.8% GEA Group 20.6% 19.4% 19.6% 20.5% 20.5% 17.9% 18.8% 18.6% 17.8% 17.8% 19.2% 19.6% 42 Conference Call - July 30,
Backup: Performance GEA Group & Segments Key Figures Time Line (5/5): Remarks 1) All historical figures for GEA FS before 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 2011 are not included in the Groupnumbers of the corresponding period. 2) Restructuring only in FY 2009 and FY 2010. 3) Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999. 4) ROCE LTM = EBIT before restructuring (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM). 2011 figures adjusted due to change in accounting policy for pension obligations and leasing obligations. EBITDA and EBIT (bef. PPA & non-recurring items) restated due to amendment of IAS 19 Employee Benefits. 43 Conference Call - July 30,