Commerzbank German Investment Seminar 2014 New York, January 13-14, 2014 GEA Group
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 GEA Group - GIS 2014 in New York -
Table of Contents GEA Group in Summary Pages 5 22 GEA Group Segment Structure Page 9 GEA Group Portfolio Review / Separation from GEA HX Pages 19 22 Regional Top Line Distribution Pages 27, 37 Large Order Development Page 28 Top Line Development by Customer Industry Pages 38 Segment Performance incl. Organic Growth Rates Pages 42 53 Outlook Pages 31, 57 Historical Key Figures GEA Group and Segments Pages 62-66 ADR Information Page 67 3 GEA Group - GIS 2014 in New York -
Agenda The GEA Group Results Backup 4 GEA Group - GIS 2014 in New York -
The GEA Group in Summary GEA provides the world with innovative solutions for smart food processing and for a more efficient use of energy resources. Market and technology leader for demanding equipment and process technology particularly for the food industry Revenue : EUR 5,720 million Emerging Market Exposure: EUR ~2,300 million (> 40% of total revenue) Operational EBIT : EUR 562 million / 9.8% margin Cash Flow : EUR 467 million Employees per 31/12/12: Around 24,500 5 GEA Group - GIS 2014 in New York -
Growth drivers Food and Energy Megatrend Significance for demand Demand relevant for GEA Steady growth in global population Continuously rising demand for food and energy Volume growth and catch-up potential especially in South and East Asia, Latin America and, in future, Africa Urbanization/ expansion of middle class Growing quality requirements for foodstuffs and pharmaceuticals Processed foods/ready meals Aseptic filling/enriched lifestyle drinks Pharmaceuticals Rising energy costs/ environmental regulations Growing interest in efficient production processes that conserve resources Resource-conserving technologies/dry cooling Energy-saving machines and processes/heat recovery Intelligent engineering solutions 6 GEA Group - GIS 2014 in New York -
GEAs product leadership depends on process know-how and application knowledge for customized solutions 7 GEA Group - GIS 2014 in New York -
GEA s food related technologies and product applications are also delivered into other customer industries Segment Product example Examples of food application Examples of other application GEA Heat Exchangers Plate heat exchangers Milk production, beverage processing Marine, cargo, cruiser; pulp and paper processing GEA Mechanical Equipment Separator Dairy processing, beverage processing Oil & Gas, chemicals, water treatment GEA Process Engineering Spray dryer Milk powder, instant coffee, food ingredient Pharmaceutical active ingredients, chemical compounds GEA Refrigeration Technologies Compressor Frozen meals, brewery Transportation, cargo, storage 8 GEA Group - GIS 2014 in New York -
Group structure GEA Food Solutions 6 % of Group Sales Operating EBIT FY : -3.7% ~ 100 % food related GEA Farm Technologies 10 % of Group Sales Operating EBIT FY : 8.0% ~ 100 % food related GEA Heat Exchangers 27 % of Group Sales Operating EBIT FY : 8.4% ~ 6 % food related GEA Mechanical Equipment 16 % of Group Sales Operating EBIT FY : 20.2% ~ 54 % food related GEA Process Engineering 29 % of Group Sales Operating EBIT FY : 9.5% ~ 68 % food related GEA Refrigeration Technologies 12 % of Group Sales Operating EBIT FY : 8.1% ~ 61 % food related Bowl Choppers Milking & Cooling Finned, Shell & Tube Separators Spray Drying Compressors Spiral Cookers Farm Services Cooling Towers Decanters Aseptic Filling Packages and Skids Slicers Farm Equipment Plate Heat Exchangers Homogenizers Brewery & Dairy Systems Ice Machines Thermoformers HVAC Systems Valves Pharma Systems Freezers 9 GEA Group - GIS 2014 in New York -
Sales by region since 2008 Sales by Customer Industry since 2008 GEA exposure to Food and Asia-Pacific rising leading to a more resilient set-up compared to FY 2008 6.000 5.000 4.000 3.000 2.000 1.000 311 725 673 2,123 41% 190-2% 186 638-8% 586 425-21% 337 2,021 46% 0 2008* 2009 2010 2011 * 2008 industry split based on industry reclassification announced in Q4 2009. 6.000 5.000 4.000 3.000 2.000 1.000 0 5,179 5,179 761 15% -17% 634 850 14% 815 16% -4% 18% 2,242 43% -768 (-15%) -39% -12% -37% -5% -768 (-15%) -10% 4,411 4,411 2,009 46% +3% -3% +19% -13% 4,418 2,081 47% 4,418 614 14% 971 22% 1,757 40% +1% +8% -4% +34% +16% +23% +15% 5,417 188 631 324 2,781 51% 5,417 711 13% 1.193 22% 2.013 37% -1% -3% +5% +11% +22% +11% -1% 5,720 186 614 341 3,077 54% 5,720 871 15% 1,321 23% 1,997 35% 2008 2009 2010 2011 Other Industries Climate & Environment Marine Chemicals Pharma Power Oil & Gas Food & Beverage Middle - East Africa Latin America Eastern Europe & CIS North America Asia - Pacific Western Europe 10 GEA Group - GIS 2014 in New York -
GEA after desinvestment of GEA HX Pure Play: Focused and resilient end market exposure GEA Group by customer industry Chemicals 6% 3% 4% Pharma 5% Climate & Environment Power Marine 11% 11% 6% Other Sales FY : EUR 5,720m 54% Food GEA Group excl. HX by customer industry Oil & Gas Other Power Marine 3% 2% 3% Climate & 3% 4% Environment 6% Chemicals Sales 7% Pharma FY : EUR 4,142m 72% Food 72% Food exposure Oil & Gas GEA Group by region GEA Group excl. HX by region Latin America Eastern Europe North America Middle East 10% 5% 5% 7% 15% Africa Sales FY : EUR 5,720m 35% Western Europe Latin America Eastern Europe North America Middle East 10% 18% Africa 7% 4% 4% Sales FY : EUR 4,142m 32% Western Europe Emerging markets* exposure: ~40% 23% Asia-Pacific 26% Asia-Pacific 11 GEA Group - GIS 2014 in New York -
Revenue Share Very diversified customer base 4 out of the top 10 customers coming from EM 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% GEA is independent of single customers 4 out of the Top 10 customers are already coming from Emerging Markets Top Customer Top 10 Top 50 Top 100 Top 150 Top 200 Customer Our largest customer in food industry has a revenue share of only 1.3 percent 12 GEA Group - GIS 2014 in New York -
Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Rolling Capex* Stable investment behavior of food industry [EUR Million] 40.000 35.000 30.000 25.000 20.000 15.000 10.000 5.000 0 CAGR 2008-2011: +9.3% GEA Sales from Food Industry CAGR 2008-2011: +9.4% Rolling Capex* Despite volatile food price, food manufacturers expenditure (implied by CAPEX) for durable capital goods, such as machinery, remains stable. Source: Citi Investment Research * Capex Model based on >70 manufacturers 13 GEA Group - GIS 2014 in New York -
Organic Growth GEA core business (w/o HX) Organic growth yoy Q1- yoy Order Intake GEA core business abs. in % abs. in % abs. in % +9.4% +7.7% Sales GEA core business +5.9% +6.2% 14 GEA Group - GIS 2014 in New York -
Development of GEA sales since 1983* 6.000 5.000 CAGR GEA sales 1983-: +11% 4.000 3.000 2.000 1.000 0 * Unconsolidated total sales incl. acquisitions at each point in time; left out were entities outside the segments, even if they generated revenues (eg GEA Real Estate). 15 GEA Group - GIS 2014 in New York -
GEA organic sales growth outperforms global GDP (Index 2003 = 100) 180 160 140 120 100 80 60 40 20 CAGR Global GDP 2003-: +3.8% CAGR GEA sales w/o portfolio adjustments 2003-: +5.6% 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 GDP GEA 16 GEA Group - GIS 2014 in New York -
Strong focus on operating margin improvement 7.000 6.000 5.000 4.000 3.000 2.000 1.000 0 6.6% 3,391 6.9% 4,346 8.3% 4,856 GEA Group 9.9% 5,179 7.8% 8.3% 4,411 4,418 9.7% 10.0% 346 5,071 10.7% 9.8% 10% 6.000 332 5,388 2005 2006 2007 2008 2009 2010 2011 Sales GEA FS Sales w/o GEA FS EBIT margin w/o GEA FS bef. PPA. and restr. EBIT margin incl. GEA FS bef. PPA., restr. and one-offs within GEA FS 12% 7.000 8% 6% 4% 2% 0% 5.000 4.000 3.000 2.000 1.000 0 GEA Group w/o HX 10.6% 10.4% 8.9% 8.5% 7.1% 4,111 3,800 3,320 2,788 2,935 2008 2009 2010 2011 Sales w/o GEA HX Operating EBIT margin w/o HX 12% 11% 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% 17 GEA Group - GIS 2014 in New York -
Service business: Aim of >25% of sales Per at EUR 1.3bn annual run rate CAGR GEA Service business 2008-: +14% 18.2% 20.4% 23.0% 22.8% >25% 25,0% 19.7% 14.9% 769 802 901 1,066 1,317 1,314 2008 2009 2010 2011 LTM Aim Service Sales GEA Service as % of Sales 18 GEA Group - GIS 2014 in New York -
GEA s major bonus drivers Strong focus on cash generation and ROCE 600 500 Cash Flow Driver Margin 9.0% 8.3% 9.4% 10% 9% 8% 3,000 3000 2,500 2500 ROCE* + 112 bps yoy 25% 20% 400 5.3% 5.7% 6.4% 7% 6% 2,000 2000 17.9% 18.8% 18.6% 17.8% 19.2% 19.6% 19.7% 15% 300 4.5% 5% 1,500 1500 542 516 470 4% 2,463 2,518 2,548 2,556 2,546 2,534 2,524 200 1,000 1000 368 3% 329 299 252 2% 100 500 1% 10% 5% 0 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 0% 0 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 0% Cash Flow Driver (LTM) Cash Flow Driver Margin (LTM) Capital Employed (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) ROCE (average LTM) 19 GEA Group - GIS 2014 in New York -
Investment plan to bolster GEA s strategy Examples for Systematic capital allocation Organic growth Debt reduction M&A R&D spent for development of new technologies Expansion of service network Penetration of new markets Stronger focus on realization of intra-group synergy potential Leveraging operating cash flow to reduce debt levels Bolt-on acquisitions (as in the past) Acquisition of adjacent products to strengthen GEA s current portfolio Acquisition of new technologies that can t be developed efficiently internally Partnerships or acquisitions to unlock potential from regional expansion (e.g. distribution channels) 20 GEA Group - GIS 2014 in New York -
Portfolio Review Next Step: Continously developing more applications New application with many expected "white spots A Existing applications, e.g. B New applications Cheese Fruit & Vegetables Meat & Poultry Milk Powder Fish & Shrimps Cross-application M&A... C Cross-application technology Attractive "white spots" ("sweet spots") 21 GEA Group - GIS 2014 in New York -
The GEA Vision Key investment case post strategy implementation 1 Increasingly stringent hygiene and safety regulations in end markets 2 Growth driven by shift in consumer preferences towards functional, processed and convenience foods 3 Global leading positions with exceptionally high barriers to entry 4 Unrivalled quality and breadth of product range 5 Pure Play: Highly focused and resilient end market exposure 6 Balanced income split resting on strong food share of revenue of around 70-75 percent 22 GEA Group - GIS 2014 in New York -
Agenda The GEA Group Results Backup 24 GEA Group - GIS 2014 in New York -
Key Messages / Key Figures Order Intake EUR 1,509m Sales EUR 1,459m Organic: +6% yoy Organic w/o GEA HX: +9% yoy Organic: +4% yoy Organic w/o GEA HX: +6% yoy Pages 5-7, 34 Pages 5, 6, 35 Book to Bill Ratio GEA Group L4Q: 1.04 Pages 14, 15 Operating EBIT-Margin 10.0%; stable yoy Pages 5, 6 GEA Food Solutions Pages 6, 21 Positive Result in Book to Bill Ratio >1 for first time since 2011 Further reduction of Working Capital / Sales ratio Cash Generation Capacity Pages 17, 18 Cash Flow Driver Margin (LTM) improved to 9.4% ROCE (LTM) 19.7%; +112 bps improvement yoy Page 16 Sales growth and operating EBITDA excl. FX impacts Outlook Pages 37 Cash Flow Driver Margin increased 25 GEA Group - GIS 2014 in New York -
I. Key Figures GEA Group Q1 YoY Order Intake Sales +2% +1% 4,423 4,530 1,477 +2% 1,509-4% 4,101 4,134 1,446 +1% 1,459 +1% Q2 1,401 +12% 1,574 Q2 1,391 +4% 1,442 Q1 1,545-6% 1,447 Q1 1,264-2% 1,233 Operating EBIT +1% Operating EBIT-Margin +1 bps 344 347 8.4% 8.4% 147-1% 145 +13% 10.1% -18 bps 10.0% Q2 Q2 122 +5% 129 8.8% +12 bps 8.9% Q1 75-2% 73 Q1 5.9% +2 bps 5.9% +104 bps 26 GEA Group - GIS 2014 in New York -
II. Performance Regional Order Intake Trend as of 13 Q2 13 Q1 13 Q4 12 12 North America QoQ: -4% w/o LO*: -7% YoY: -11% w/o LO*: +2% 13 Q2 13 Q1 13 Q4 12 12 Western Europe QoQ: -16% w/o LO*: -4% YoY: +7% w/o LO*: -3% 13 Q2 13 Q1 13 Q4 12 12 Eastern Europe & CIS QoQ: +15% w/o LO*: +12% YoY: -4% w/o LO*: +7% 0 100 200 300 400 500 600 0 100 200 300 400 500 600 700 0 100 200 300 400 500 600 13 Q2 13 Q1 13 Q4 12 12 Latin America QoQ: -13% w/o LO*: -3% YoY: -7% w/o LO*: -7% 13 Q2 13 Q1 13 Q4 12 12 Asia Pacific QoQ: +11% w/o LO*: -10% YoY: +25% w/o LO*: +6% 0 100 200 300 400 500 600 0 100 200 300 400 500 600 13 Q2 13 Q1 13 Q4 12 12 Africa QoQ: -34% w/o LO*: -19% YoY: -46% w/o LO*: -31% 0 100 200 300 400 500 600 13 Q2 13 Q1 13 Q4 12 12 GEA 0 400 800 1200 1600 QoQ: -4% w/o LO*: -5% YoY: +3% w/o LO*: -2% 13 Q2 13 Q1 13 Q4 12 12 Middle East QoQ: +50% w/o LO*: -23% YoY: -2% w/o LO*: -37% 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. 27 GEA Group - GIS 2014 in New York -
II. Performance Large Order Development since Q4 2009 1.600 1,600 1.400 1,400 1.200 1,200 1.000 1,000 800 76 105 156 16 52 203 93 106 88 95 210 185 146 69 223 72 82 210 63 178 214 63 178 231 60 162 161 183 228 241 130 129 281 72 114 151 134 114 132 138 142 233 265 229 209 162 142 282 173 142 224 600 400 673 739 777 767 809 879 905 991 954 916 1,005 982 966 959 961 988 970 200 0 Q4 09 Q1 10 Q2 10 10 Q4 10 Q1 11 Q2 11 Q2 11 (w/o FS) (incl.fs) 11 Q4 11 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 28 GEA Group - GIS 2014 in New York -
II. Performance Working Capital Development Further reduction of Working Capital / Sales ratio achieved despite already low level 900 800 700 17.2% 16.4% 15.0% 13.9% - 480 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% 12.4% 12% 500 10% 400 300 200 657 482 567 555 566 445 647 707 720 577 772 764 741 533 726 752 765 8% 6% 4% 100 2% 0 09 Q4 09 Q1 10 Q2 10 10 Q4 10 Q1 11 Q2 11 11 Q4 11 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 0% 29 Working Capital GEA Group - GIS 2014 in New York - Working Capital (average LTM) as % of sales (LTM)
II. Performance Net Liquidity Reconciliation Cash generation LTM: EUR ~270m Net Debt 30.09. EBITDA -621.7 646.4 Delta Working Capital -27.7 CAPEX Taxes / Interests Δ +EUR 272m -122.2-153.4 Others Net Debt bef. DOP, M&A and Dividend Discontinued Operations Effect from Acquisitions -71.3-349.7-42.9-16.6 Dividend Net Debt 30.09. -106.5-515.9 30 GEA Group - GIS 2014 in New York -
III. Outlook Key Figures FY Assuming constant currency exchange rates versus FY we are aiming at the following in the current fiscal year Sales: moderate organic growth EBITDA*: around EUR 700m* Cash Flow Driver Margin*: around 9%* * 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 GEA Group - GIS 2014 in New York -
Agenda The GEA Group Results Backup 32 GEA Group - GIS 2014 in New York -
I. Key Figures Segments Order Intake +2% Sales +1% 1,477 1,509 GEA FS 82 +10% 90 GEA FT 147 +2% 151 GEA HX 375-7% 348 GEA ME 245 +9% 268 GEA PE 469 +10% 515 GEA RT 200-13% 175 Operating EBIT -1% GEA FS 147 145 2 GEA FT 15-2% 14 GEA HX 31-5% 30 GEA ME 49-2% 48 GEA PE 39 +9% 42 GEA RT 14 0 +6% 15 33 GEA Group - GIS 2014 in New York - 1,446 1,459 GEA FS 90 0% 90 158-1% 157 GEA FT 392-3% 381 GEA HX GEA ME 239 +3% 247 GEA PE 424 +4% 441 GEA RT 177 +4% 185 Operating EBIT Margin YoY GEA FS -0.3% 1.9% +214 bps GEA FT 9.3% 9.2% -10 bps GEA HX 8.0% 7.8% -14 bps GEA ME 20.7% 19.6% -107 bps GEA PE 9.2% 9.6% +38 bps GEA RT 7.8% 8.0% +13 bps GEA Group 10.1% 10.0% -18 bps
II. Performance Order Intake vs. Q1- vs. Q1- vs. Q2 Order Intake previous period abs. in % abs. in % abs. in % 1,477 4,423 1,574 Structural Change +3 +0.2% +18 +0.4% 0 0% Currency Effects -58-3.9% -97-2.2% -20-1.2% Organic Development +86 +5.8% +186 +4.2% -45-2.9% Order Intake current period 1,509 +2.2% 4,530 +2.4% 1,509-4.1% 34 GEA Group - GIS 2014 in New York -
II. Performance GEA Process Engineering: Major orders Q1- North America ~18 meur North America ~16 meur North America ~12 meur North America ~11 meur North America ~12 meur Europe ~49 meur Europe ~42 meur Europe ~14 meur Europe ~42 meur Europe ~7 meur Europe ~11 meur Europe ~13 meur Europe ~8 meur Europe ~20 meur Europe ~72 meur Middle East ~17 meur Asia-Pacific ~11 meur Asia-Pacific ~8 meur Asia-Pacific ~10 meur Asia-Pacific ~8 meur Asia-Pacific ~8 meur Asia-Pacific ~11 meur LatAM ~12 meur Europe ~10 meur Asia-Pacific ~11 meur Food - Dairy Food - Beverages Food - Solid Pharma LatAM ~20 meur Africa ~8 meur Africa ~14 meur Asia-Pacific ~15 meur Asia-Pacific ~16 meur Asia-Pacific ~25 meur Asia-Pacific ~42 meur 35 GEA Group - GIS 2014 in New York -
II. Performance GEA Process Engineering GEA PE is fueling up its order backlog by more large orders having longer lead time: Orders > EUR 10m represent already more than 30% of order intake per Sept 100% 90% 80% 70% 60% 50% 40% Above 10 meur Between 1 and 10 meur Below 1 meur 30% 20% 10% 0% 2010 2011 YTD 36 GEA Group - GIS 2014 in New York -
II. Performance Regional Sales Split L4Q per Middle East abs.: -5% YoY Latin America abs.: -14% YoY Eastern Europe & CIS abs.: -2% YoY North America abs.: +2% YoY 10% (10%) 15% (15%) Africa abs.: -12% YoY 5% 4% (5%) (5%) 6% (7%) Sales L4Q per : EUR 5,754m +0% YoY 24% (22%) 36% (35%) Asia-Pacific abs.: +6% YoY Western Europe abs.: +3% YoY Top 3 Countries USA 14% (14%) abs.: +2% YoY China 11% (10%) abs.: +14% YoY Germany 10% (10%) abs.: +5% YoY Emerging markets* exposure: 41% (41%) abs.: +1% YoY * According to the definition of emerging/developing economies by International Monetary Fund. 37 GEA Group - GIS 2014 in New York -
II. Performance 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 38 Q4 09 Q4 09 Q1 10 Q2 10 10 Q4 10 Food - Dairy Food - Solid Q1 10 Q2 10 10 Q4 10 Q1 11 Q1 11 Q2 11 Q2 11 11 11 Q4 11 Q4 11 Q1 12 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 Food - Beverages GEA Group Q2 12 12 Q4 12 GEA Group - GIS 2014 in New York - Q1 13 Q2 13 Pharma Chemicals Marine GEA Group 13 13 180% 160% 140% 120% 100% 80% 60% Q4 09 Q1 10 Q2 10 10 Q4 10 Q1 11 Q2 11 Oil & Gas Climate & Environment +2% 11 Q4 11 1,477 1,509 4% 3% 11% 11% 3% 8% 5% 3% 5% 6% 7% 7% 8% 6% 17% 18% Food 11% 11% exposure: 58% 26% 30% Q1 12 Q2 12 12 Q4 12 Power GEA Group Δ-6% Δ-4% Δ +14% Δ-32% Δ-23% Δ 0% Δ+35% Δ-2% Δ 0% Δ+20% Other Industries Climate & Environment Marine Chemicals Pharma Power Q1 13 Oil & Gas Food - Solid Q2 13 Food - Beverages Food - Dairy 13
II. Performance Book to Bill Ratios by Industry/Region L4Q Strong BtB-Ratio of 1.09 in Food driven by Europe and recovery in Asia-Pacific Book to bill ratio (L4Q) Western Europe Eastern Europe & CIS North America Latin America Africa Middle - East Asia - Pacific Total BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI Food - Dairy 1,45 11,9% 1,01 2,4% 1,01 5,7% 1,09 1,9% 0,65 0,5% 0,72 0,6% 1,04 5,7% 1,15 28,7% Food - Liquid 1,03 3,1% 1,77 1,5% 1,03 1,2% 1,40 0,9% 1,00 0,6% 2,17 0,6% 1,02 3,7% 1,14 11,5% Food - Solid 1,01 7,3% 1,07 1,8% 0,85 2,2% 0,99 1,1% 1,10 1,1% 0,81 0,6% 1,03 3,4% 0,99 17,5% Total Food & Beverages 1,21 22,3% 1,16 5,7% 0,97 9,1% 1,12 4,0% 0,93 2,2% 0,96 1,7% 1,03 12,7% 1,09 57,8% Oil & Gas 1,18 1,1% 0,57 0,8% 1,14 1,2% 0,78 0,4% 0,64 0,3% 1,31 0,6% 1,83 2,5% 1,11 6,9% Power 1,01 2,3% 1,10 0,3% 1,55 1,4% 0,76 0,4% 0,52 0,5% 0,75 1,0% 0,77 1,7% 0,90 7,7% Total Energy 1,06 3,4% 0,66 1,2% 1,34 2,5% 0,77 0,8% 0,56 0,8% 0,90 1,6% 1,18 4,2% 0,99 14,6% Pharma 1,03 1,7% 1,35 0,5% 1,10 0,8% 1,57 0,4% 1,92 0,2% 1,51 0,2% 0,76 1,4% 1,03 5,2% Chemicals 0,89 1,3% 0,62 0,3% 0,92 0,8% 0,76 0,3% 4,96 0,2% 0,51 0,2% 0,94 2,0% 0,87 5,1% Marine 0,96 1,4% 0,43 0,0% 0,99 0,1% 1,60 0,1% 0,94 0,0% 1,70 0,0% 0,97 1,1% 0,97 2,8% Climate & Environment 1,00 6,8% 0,97 1,5% 1,05 1,0% 1,26 0,3% 0,64 0,1% 1,07 0,4% 1,07 0,9% 1,01 11,0% Other Industries 1,04 1,3% 1,83 0,4% 1,20 0,4% 0,79 0,2% 1,21 0,1% 1,27 0,2% 1,14 0,9% 1,13 3,6% Other 0,99 12,5% 1,00 2,8% 1,04 3,1% 1,08 1,3% 1,44 0,6% 0,96 1,1% 0,94 6,3% 0,99 27,7% Total 1,11 38,2% 1,02 9,6% 1,03 14,8% 1,05 6,1% 0,85 3,6% 0,94 4,4% 1,03 23,2% 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 39 GEA Group - GIS 2014 in New York -
II. Performance Top Line Trend / Order Backlog 3500 3,500 3000 3,000 2500 2,500 2,469 2,424 2,414 2,667 2,771 2,756 1,606 2,677 2,936 2,967 2,968 1,768 2,752 2,950 2,919 2,927 1,727 2000 2,000 1,474 1500 1,500 1000 1,000 500 950 1,150 1,200 1,200 0 0 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 1.04 Q2 10 10 Q4 10 Q1 11 Q2 11 11 Q4 11 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 Order Backlog invoicable in respective FY Order Backlog invoicable after respective FY Order Intake Sales # L4Q BtB ratio 40 GEA Group - GIS 2014 in New York -
II. Performance Service Business per LTM Change in service sales per LTM yoy: +1.5% to a total of EUR 1,314m Share of service sales per LTM: 22.8 % (LTM : 22.6 %) +2% 1,294 1,314 +8% 23% 23% -1% 143 142 38% 40% +6% 226 240 40% 42% -13% 202 177 12% 12% 296 319 33% 33% +8% 224 242 13% 14% -4% 202 194 30% 27% GEA Group GEA FS* GEA FT GEA HX GEA ME GEA PE GEA RT LTM Sept LTM Sept * Calculated w/o one-time POC-related accounting adjustments of EUR 42m (in the denominator) in Q1. % Service business as % of sales 41 GEA Group - GIS 2014 in New York -
II. Performance GEA Food Solutions Order Intake (%) 81.7 89.5 +9.5 thereof organic: +11.8 Sales (%) 90.1 89.8-0.3 thereof organic: +1.7 Operating EBIT* (%) -0.2 1.7 n.a. Operating EBIT* Margin (%) (bps) -0.3 1.9 +214 * Before non-recurring items of EUR 6.2m in. Order Intake by Customer Industry Order Intake by Region 1% 6% 8% 13% 1% 2% 10% 11% 13% Δ +8% Δ -59% Δ +37% Δ -5% Δ -17% Africa Middle - East Latin America Food & Beverages 100% 100% Δ +10% 17% 9% 20% Δ +141% Eastern Europe & CIS North America 47% 43% Δ +2% Asia - Pacific Western Europe 42 GEA Group - GIS 2014 in New York -
II. Performance GEA Food Solutions Q1- Order Intake Q1- (%) 274.9 254.9-7.3 thereof organic: -6.4 Q1- Sales* Q1- (%) 244.4 262.9 +7.6 thereof organic: +8.5 Q1- * As reported in statements, after 42m POC-related accounting adjustments in. Operating EBIT** Q1- (%) -7.8-4.7 +39.6 Operating EBIT** Margin (%) Q1- Q1- ** Before non-recurring items of EUR 45.6m in Q1-. (bps) -3.2-1.8 +139 140 Quarterly Large Order Development 120 100 80 17 14 13 35 20 22 15 8 10 8 8 4 14 13 60 40 73 71 77 77 74 67 84 71 67 69 20 0 Q2 11 11 Q4 11 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 43 GEA Group - GIS 2014 in New York -
II. Performance GEA Farm Technologies Order Intake (%) 147.4 150.7 +2.2 thereof organic: +4.9 Sales (%) 157.8 156.9-0.6 thereof organic: 0.0 Operating EBIT (%) 14.7 14.4-1.7 Operating EBIT Margin (%) (bps) 9.3 9.2-10 Order Intake by Customer Industry Order Intake by Region 1% 7% 6% 7% 10% Δ n.a. Δ -6% Δ +33% Africa Latin America 20% 17% Δ -12% Asia - Pacific Food & Beverages 100% 100% Δ +2% 32% 33% Δ +5% Eastern Europe & CIS North America 34% 34% Δ +3% Western Europe 44 GEA Group - GIS 2014 in New York -
II. Performance GEA Farm Technologies Q1- Order Intake Q1- (%) 441.2 445.1 +0.9 thereof organic: +0.5 Q1- Sales Q1- (%) 408.6 401.5-1.7 thereof organic: -2.9 Q1- Operating EBIT Q1- (%) 24.8 20.1-19.0 Operating EBIT Margin (%) Q1- Q1- (bps) 6.1 5.0-107 Quarterly Large Order Development 180 160 140 120 100 80 60 40 20 0 1 101 94 99 100 1 116 115 116 126 130 140 3 129 1 1 1 147 144 146 143 139 5 2 151 149 Q2 09 09 Q4 09 Q1 10 Q2 10 10 Q4 10 Q1 11 Q2 11 11 Q4 11 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 45 GEA Group - GIS 2014 in New York -
II. Performance GEA Heat Exchangers Order Intake* Sales Operating EBIT Operating EBIT Margin (%) (%) (%) (%) (bps) 375.1 348.1-7.2 392.1 380.8-2.9 31.3 29.9-4.6 8.0 7.8-14 thereof organic: -4.5 thereof organic: +0.3 * Organic growth +3.2% yoy excl. large projects received in but suspended later. Order Intake by Customer Industry Order Intake by Region Other Industries Marine Food & Beverages Chemicals Oil & Gas Power Climate & Environment 7% 5% 3% 4% 5% 5% 6% 7% 19% 17% 23% 27% 37% 36% Δ -32% Δ +9% Δ -9% Δ +14% Δ -13% Δ +14% Δ -7% 4% 2% 3% 3% 8% 9% 11% 12% 16% 14% 11% 16% 47% 44% Δ -59% Δ -22% Δ +2% Δ +13% Δ -15% Δ +48% Δ -10% Africa Latin America North America Middle - East Eastern Europe & CIS Asia - Pacific Western Europe 46 GEA Group - GIS 2014 in New York -
II. Performance GEA Heat Exchangers Q1- Order Intake* Q1- (%) 1,160.2 1,073.5-7.5 thereof organic: -5.8 Q1- Sales Q1- (%) 1,186.1 1,084.8-8.5 thereof organic: -6.6 Q1- Operating EBIT Q1- (%) 82.9 75.2-9.3 Operating EBIT Margin (%) Q1- Q1- (bps) 7.0 6.9-6 * Organic growth -3.5% yoy excl. large projects received in but suspended later. 500 450 400 350 300 250 200 150 100 50 0 21 84 27 15 39 7 27 48 47 252 226 212 14 40 250 266 256 239 Quarterly Large Order Development 63 104 53 73 80 31 42 32 27 18 30 7 37 47 61 52 46 74 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 29 10 57 261 276 253 Q2 09 09 Q4 09 Q1 10 Q2 10 10 Q4 10 Q1 11 Q2 11 11 Q4 11 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 47 GEA Group - GIS 2014 in New York -
II. Performance GEA Mechanical Equipment Order Intake (%) 245.4 268.2 +9.3 thereof organic: +13.3 Sales (%) 238.5 246.5 +3.4 thereof organic: +7.0 Operating EBIT (%) 49.4 48.4-2.0 Operating EBIT Margin (%) (bps) 20.7 19.6-107 Order Intake by Customer Industry Order Intake by Region Other Industries Power Climate & Environment Chemicals Pharma Marine Oil & Gas Food & Beverages Δ +165% 1% 4% 2% Δ -59% 5% 10% Δ -20% 5% Δ -35% 6% 6% Δ +24% 8% 13% Δ +15% 5% 12% 15% Δ +291% 4% 54% 51% Δ +2% 2% 2% 4% 2% 11% 7% 5% 16% 9% 19% 31% 29% 38% 26% Δ +8% Δ -77% Δ -16% Δ -7% Δ -6% Δ +13% Δ +55% Africa Middle - East Eastern Europe & CIS Latin America North America Western Europe Asia - Pacific 48 GEA Group - GIS 2014 in New York -
II. Performance GEA Mechanical Equipment Q1- Order Intake Q1- (%) 717.3 778.9 +8.6 thereof organic: +10.0 Q1- Sales Q1- (%) 672.7 705.5 +4.9 thereof organic: +6.1 Q1- Operating EBIT Q1- (%) 126.2 129.5 +2.6 Operating EBIT Margin (%) Q1- Q1- (bps) 18.8 18.4-41 Quarterly Large Order Development 300 250 200 150 7 13 17 15 13 5 6 13 12 3 9 5 20 29 18 15 6 19 17 18 24 7 12 33 5 19 20 29 14 16 100 50 138 143 143 167 188 167 179 199 193 199 189 214 206 204 205 218 233 232 0 Q2 09 09 Q4 09 Q1 10 Q2 10 10 Q4 10 Q1 11 Q2 11 11 Q4 11 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 49 GEA Group - GIS 2014 in New York -
II. Performance GEA Process Engineering Order Intake (%) 468.5 515.2 +10.0 thereof organic: +14.2 Sales (%) 423.6 441.3 +4.2 thereof organic: +8.5 Operating EBIT (%) 39.1 42.4 +8.5 Operating EBIT Margin (%) (bps) 9.2 9.6 +38 Order Intake by Customer Industry Order Intake by Region Other Industries Climate & Environment Oil & Gas Chemicals Pharma Food & Beverages 2% 1% 3% 11% 16% 66% 1% 2% 3% 7% 10% 77% Δ -41% Δ -37% Δ +358% Δ -36% Δ -30% Δ +27% 3% 4% 3% 6% 10% 6% 9% 12% 5% 3% 32% 25% 41% 41% Δ -22% Δ -63% Δ -49% Δ +123% Δ +122% Δ +38% Δ +9% Latin America Africa North America Middle - East Eastern Europe & CIS Western Europe Asia - Pacific 50 GEA Group - GIS 2014 in New York -
II. Performance GEA Process Engineering Q1- Order Intake Q1- (%) 1,381.0 1,566.4 +13.4 thereof organic: +15.9 Q1- Sales Q1- (%) 1,198.0 1,271.3 +6.1 thereof organic: +8.4 Q1- Operating EBIT Q1- (%) 91.4 109.3 +19.6 Operating EBIT Margin (%) Q1- Q1- (bps) 7.6 8.6 +97 Quarterly Large Order Development 600 500 400 300 200 100 0 60 17 79 52 49 66 60 55 80 16 40 38 33 61 43 143 121 110 121 119 140 138 117 136 66 41 58 59 127 60 58 90 111 119 133 122 116 121 100 82 144 107 132 100 177 169 178 167 159 186 175 170 197 174 170 166 44 75 65 79 78 101 94 126 Q2 09 09 Q4 09 Q1 10 Q2 10 10 Q4 10 Q1 11 Q2 11 11 Q4 11 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 104 162 82 155 127 124 98 51 GEA Group - GIS 2014 in New York -
II. Performance GEA Refrigeration Technologies Order Intake (%) 200.1 174.9-12.6 thereof organic: -8.2 Sales (%) 177.0 184.8 +4.4 thereof organic: +8.9 Operating EBIT (%) 13.8 14.7 +6.2 Operating EBIT Margin (%) (bps) 7.8 8.0 +13 Order Intake by Customer Industry Order Intake by Region Other Industries Chemicals Oil & Gas Climate & Environment Food & Beverages 14% 11% 6% 4% 65% 19% 5% 8% 10% 58% Δ +27% Δ -61% Δ +25% Δ +136% Δ -21% 4% 2% 3% 11% 3% 10% 22% 13% 9% 14% 12% 15% 40% 42% Δ -39% Δ +57% Δ -17% Δ -48% Δ +35% Δ +12% Δ -6% Middle - East Latin America Africa Eastern Europe & CIS North America Asia - Pacific Western Europe 52 GEA Group - GIS 2014 in New York -
II. Performance GEA Refrigeration Technologies Q1- Order Intake Q1- (%) 558.4 534.0-4.4 thereof organic: -1.7 Q1- Sales Q1- (%) 491.8 526.0 +7.0 thereof organic: +9.6 Q1- Operating EBIT Q1- (%) 33.7 36.4 +8.0 Operating EBIT Margin (%) Q1- Q1- (bps) 6.8 6.9 +6 Quarterly Large Order Development 250 200 150 100 50 10 6 8 20 44 50 16 12 17 35 29 22 22 35 35 10 5 6 19 15 30 17 27 19 20 17 10 14 10 16 145 110 105 105 113 121 122 120 128 126 135 140 139 146 142 140 134 139 0 Q2 09 09 Q4 09 Q1 10 Q2 10 10 Q4 10 Q1 11 Q2 11 11 Q4 11 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m 53 GEA Group - GIS 2014 in New York -
II. Performance GEA Refrigeration Technologies / GEA Bock Performance of GEA Bock better than management expectation GEA Bock Management expectation before Bock acquisition Q1- Sales growth expectations +4% CAGR ~ +14% yoy Operating EBIT-margin expectations 12% in FY > 12% 54 GEA Group - GIS 2014 in New York -
II. Performance Sales vs. Q1- vs. Q1- vs. Q2 Sales previous period abs. in % abs. in % abs. in % 1,446 4,101 1,442 Structural Change +6 +0.4% +20 +0.5% 0 0% Currency Effects -56-3.8% -89-2.2% -19-1.3% Organic Development +64 +4.4% +102 +2.5% +36 +2.5% Sales current period 1,459 +1.0% 4,134 +0.8% 1,459 +1.2% 55 GEA Group - GIS 2014 in New York -
II. Performance Operating EBIT vs. Q1- vs. Q1- vs. Q2 Operating EBIT previous period abs. in % abs. in % abs. in % 146.7 344.0 128.6 Structural Change +0.4 +0.3% +2.4 +0.7% 0 0% Currency Effects -4.2-2.9% -5.3-1.5% -1.9-1.5% Organic Development +2.6 +1.8% +6.1 +1.8% +18.8 +14.6% Operating EBIT current period 145.5-0.9% 347.2 +0.9% 145.5 +13.1% 56 GEA Group - GIS 2014 in New York -
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. 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 57 GEA Group - GIS 2014 in New York -
Financial Calendar February 6, 2014 Preliminary FY March 7, 2014 Annual Report FY April 16, 2014 Annual General Meeting May 6, 2014 Interim Report Q1 2014 July 28, 2014 Interim Report Q2 2014 October 28, 2014 Interim Report 2014 58 GEA Group - GIS 2014 in New York -
Backup: Performance GEA Group Working Capital Development Trade Receivables Inventories Trade Payables Advance Payments Working Capital _ 1,338 784 725 632 765 +15-22 -5-15 +13 Q2 +1% 1,323-3% 806 _ -1% 730-2% 647 +2% 752 +44-27 +47-41 +11 +3% 1,278-3% 833 _ +7% 683-6% 688 +1% 741 59 GEA Group - GIS 2014 in New York -
Backup: Performance GEA Group FX Development Country Currency 1.1.12-31.12.12 avg. 1.1.13-30.9.13 avg. Delta % 1.1.12-30.9.12 avg. 1.1.13-30.9.13 avg. Delta % USA USD 1,285 1,317-2,5% 1,281 1,317-2,8% China CNY 8,105 8,123-0,2% 8,106 8,123-0,2% Neuseeland NZD 1,587 1,613-1,6% 1,591 1,613-1,4% Großbritannien GBP 0,811 0,852-4,8% 0,812 0,852-4,7% Singapur SGD 1,605 1,649-2,6% 1,612 1,649-2,2% Hongkong HKD 9,965 10,218-2,5% 9,938 10,218-2,7% Kanada CAD 1,284 1,349-4,8% 1,284 1,349-4,8% Japan JPY 102,456 127,380-19,6% 101,615 127,380-20,2% Australien AUD 1,241 1,348-8,0% 1,238 1,348-8,2% Schweiz CHF 1,205 1,232-2,1% 1,204 1,232-2,2% Phillippinen PHP 54,246 55,447-2,2% 54,533 55,447-1,6% Thailand THB 39,926 40,052-0,3% 39,977 40,052-0,2% Norwegen NOK 7,475 7,662-2,4% 7,511 7,662-2,0% Dänemark DKK 7,444 7,457-0,2% 7,439 7,457-0,3% Rußland RUB 39,924 41,682-4,2% 39,799 41,682-4,5% Argentinien ARS 5,847 6,954-15,9% 5,718 6,954-17,8% Mexiko MXN 16,902 16,706 1,2% 16,944 16,706 1,4% Tschechien CZK 25,149 25,752-2,3% 25,143 25,752-2,4% Türkei TRY 2,313 2,460-6,0% 2,309 2,460-6,1% Indien INR 68,581 75,760-9,5% 68,062 75,760-10,2% Polen PLN 4,185 4,202-0,4% 4,209 4,202 0,2% Brasilien BRL 2,507 2,793-10,2% 2,456 2,793-12,1% Südafrika ZAR 10,548 12,501-15,6% 10,309 12,501-17,5% 60 GEA Group - GIS 2014 in New York -
Backup: Performance GEA Group & Segments Key Figures Time Line (1/5) Order Intake Q1 08 Q2 08 08 Q4 08 2008 Q1 09 Q2 09 09 Q4 09 2009 Q1 10 Q2 10 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 Q2 08 08 Q4 08 2008 Q1 09 Q2 09 09 Q4 09 2009 Q1 10 Q2 10 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 Q2 08 08 Q4 08 2008 Q1 09 Q2 09 09 Q4 09 2009 Q1 10 Q2 10 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 Q2 08 08 Q4 08 2008 Q1 09 Q2 09 09 Q4 09 2009 Q1 10 Q2 10 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 Q2 08 08 Q4 08 2008 Q1 09 Q2 09 09 Q4 09 2009 Q1 10 Q2 10 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% 61 GEA Group - GIS 2014 in New York -
Backup: Performance GEA Group & Segments Key Figures Time Line (2/5) Order Intake Q1 11 Q2 11 11 Q4 11 2011 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 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 89,5 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 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 GEA Mechanical Equipment 219,2 230,1 221,6 203,9 874,9 238,7 233,2 245,4 254,6 971,9 253,9 256,8 268,2 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 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 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 1.509,2 Order Backlog Q1 11 Q2 11 11 Q4 11 2011 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 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 89,0 GEA Farm Technologies 85,4 92,5 93,9 74,4 74,4 104,5 117,3 107,1 79,9 79,9 107,8 120,9 112,2 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 GEA Mechanical Equipment 304,1 322,0 340,9 309,7 309,7 323,7 341,7 345,1 331,1 331,1 347,1 355,8 367,8 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 1.334,9 GEA Refrigeration Technologies 210,4 206,6 206,1 197,0 197,0 224,4 245,8 265,4 257,0 257,0 283,6 268,8 253,1 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 2.926,5 Sales Q1 11 Q2 11 11 Q4 11 2011 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 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 89,8 GEA Farm Technologies 99,6 118,3 138,1 153,8 509,8 117,8 133,1 157,8 172,3 580,9 110,8 133,8 156,9 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 GEA Mechanical Equipment 191,6 207,8 204,9 240,4 844,7 216,7 217,6 238,5 261,2 933,9 218,5 240,5 246,5 GEA Process Engineering 300,8 385,1 394,7 496,6 1.577,2 373,2 401,2 423,6 518,3 1.716,3 394,3 435,6 441,3 GEA Refrigeration Technologies 132,8 166,6 166,2 181,6 647,2 149,5 165,2 177,0 203,1 694,8 152,1 189,2 184,8 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 1.459,5 EBITDA reported Q1 11 Q2 11 11 Q4 11 2011 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 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 3,5 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 17,6 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 38,4 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 53,3 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 46,3 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 17,1 GEA Group 91,9 116,0 167,4 234,9 610,2 64,7 142,4 162,9 226,9 597,0 98,1 152,4 168,9 EBITDA-Margin reported [in %] Q1 11 Q2 11 11 Q4 11 2011 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 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% 3,9% 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% 11,2% 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% 10,1% 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% 21,6% 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% 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% 9,3% 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% 11,6% 62 GEA Group - GIS 2014 in New York -
Backup: Performance GEA Group & Segments Key Figures Time Line (3/5) EBIT before PPA & non-recurring items Q1 08 Q2 08 08 Q4 08 2008 Q1 09 Q2 09 09 Q4 09 2009 Q1 10 Q2 10 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 Q2 08 08 Q4 08 2008 Q1 09 Q2 09 09 Q4 09 2009 Q1 10 Q2 10 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 Q2 08 08 Q4 08 2008 Q1 09 Q2 09 09 Q4 09 2009 Q1 10 Q2 10 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 Q2 08 08 Q4 08 2008 Q1 09 Q2 09 09 Q4 09 2009 Q1 10 Q2 10 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 Q2 08 08 Q4 08 2008 Q1 09 Q2 09 09 Q4 09 2009 Q1 10 Q2 10 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% 63 GEA Group - GIS 2014 in New York -
Backup: Performance GEA Group & Segments Key Figures Time Line (4/5) EBIT before PPA & non-recurring items Q1 11 Q2 11 11 Q4 11 2011 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 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 1,7 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 14,4 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 29,9 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 48,4 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 42,4 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 14,7 GEA Group 69,0 109,7 139,8 206,1 524,6 74,7 122,5 146,7 216,8 560,8 73,1 128,6 145,5 EBIT-Margin before PPA & non-recurring items [in %] Q1 11 Q2 11 11 Q4 11 2011 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 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% 1,9% 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% 9,2% 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% 7,8% 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% 19,6% 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% 9,6% 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% 8,0% GEA Group 6,6% 8,1% 10,0% 12,6% 9,7% 5,9% 8,8% 10,1% 13,4% 9,8% 5,9% 8,9% 10,0% EBIT before restructuring 2) Q1 11 Q2 11 11 Q4 11 2011 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 GEA Food Solutions 1) n.a. -22,6-0,2 6,8-16,0-48,5-5,3-9,8-39,3-102,8-9,0-4,1-1,7 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 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 29,3 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 47,8 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 41,8 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 14,2 GEA Group 66,8 79,3 131,3 197,2 474,6 32,6 111,7 133,1 176,5 453,9 66,2 119,7 135,8 Capital Employed w /o goodw ill 3) (average LTM) Q1 11 Q2 11 11 Q4 11 2011 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 13 13 GEA Food Solutions 1) n.a. n.a. n.a. n.a. n.a. 529,5 530,1 526,8 519,8 519,8 510,6 502,4 494,3 GEA Farm Technologies 288,6 289,7 292,5 297,7 297,7 302,1 308,2 314,8 319,3 319,3 324,7 327,9 327,4 GEA Heat Exchangers 680,7 684,2 691,6 694,6 694,6 690,5 688,2 675,9 669,9 669,9 658,2 646,6 641,2 GEA Mechanical Equipment 303,6 308,4 317,6 328,8 328,8 345,1 373,5 402,3 429,7 429,7 456,3 470,2 482,9 GEA Process Engineering 237,4 235,8 238,7 249,0 249,0 273,3 290,0 296,7 286,0 286,0 270,8 262,2 253,5 GEA Refrigeration Technologies 176,5 187,8 205,4 225,9 225,9 241,8 249,0 253,6 254,7 254,7 255,6 256,1 257,3 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 2.523,5 ROCE w /o goodw ill 4) LTM [in%] Q1 11 Q2 11 11 Q4 11 2011 Q1 12 Q2 12 12 Q4 12 Q1 13 Q2 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% -11,0% 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% 11,5% 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% 19,1% 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% 39,1% 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% 70,3% 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% 22,1% 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% 19,7% 64 GEA Group - GIS 2014 in New York -
Backup: Performance GEA Group & Segments Key Figures Time Line (5/5): 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 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. 65 GEA Group - GIS 2014 in New York -
ADR Information GEA Group has a sponsored level I ADR program Ratio: 1 ADR = 1 Ordinary share Bloomberg ticker: GEAGY:US CUSIP: 361592108 ISIN: US3615921083 Depositary bank: Deutsche Bank Trust Company Americas Depositary bank contacts: ADR broker helpline Tel: +1 212 250 9100 (New York) Tel: +44 207 547 6500 (London) Email: adr@db.com and website: www.adr.db.com Depositary bank s local custodian: Deutsche Bank Frankfurt 66 GEA Group - GIS 2014 in New York -
Our equipment is also needed to form, cook, fry, grill or freeze commercially processed meat 67 GEA Group - GIS 2014 in New York -
Around one of every four liters of milk will have been obtained through GEA milking equipment 68 GEA Group - GIS 2014 in New York -
Heat exchangers are also needed for pasteurization of dairy products 69 GEA Group - GIS 2014 in New York -
Equipment for safe, healthy and nutritious food products 70 GEA Group - GIS 2014 in New York -
But also around one third of all instant coffee is produced with GEA machinery 71 GEA Group - GIS 2014 in New York -
Cooling and freezing applications optimally matched to our customers products 72 GEA Group - GIS 2014 in New York -
Investor Relations Contact: ir@gea.com Dr. Helmut Schmale +49 211 9136 1492 ir@gea.com Donat von Müller +49 211 9136 1080 donat.vonmueller@gea.com Axel Wolferts +49 211 9136 1490 axel.wolferts@gea.com 73 GEA Group - GIS 2014 in New York -