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GEA Group Aktiengesellschaft
May 2014
The GEA Group
engineering for a better world 2 GEA Group Aktiengesellschaft
The GEA Group is one of the largest providers for equipment and process technology particularly for the food industry where it ranks among the market and technology leaders. The GEA Group focuses on demanding production processes and supplies its customers with efficient solutions in various end markets. In 2013 the GEA Group employed about 18,000 people who generated revenue of more than EUR 4.3 billion.
The GEA Group in Summary
engineering for a better world 3 GEA Group Aktiengesellschaft
GEA provides the world with innovative solutions for smart food processing and for a more efficient use of energy resources. GEA is a global engineering group recognized for its excellent technologies, its dedication to provide best solutions to its customers, and its management principles.
GEA Vision
engineering for a better world
Growth Drivers – Food and Energy
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
Growing interest in efficient production processes that conserve resources
Resource-conserving technologies/dry cooling Energy-saving machines and processes/heat recovery “Intelligent” engineering solutions
Rising energy costs/ environmental regulations
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Megatrend Significance for demand Demand relevant for GEA
engineering for a better world
Group Structure
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Compressors
Packages and Skids
Ice Machines
Freezers
GEA Refrigeration Technologies
Milking & Cooling
Farm Services
Farm Equipment
GEA Farm Technologies
GEA Process Engineering
Spray Drying
Aseptic Filling
Brewery & Dairy Systems
Pharma Systems
Mechanical Separation
Food Solutions
Homogenizers
Valves
GEA Mechanical Equipment
engineering for a better world
Examples of application
GEA Farm Technologies
Milk Milking equipment, milk cooling technology, automatic feeding systems, animal hygiene, milking parlor cleaning and accessories, barn equipment, slurry technology and farm services
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Anything made from milk
Yoghurt
Milk Cheese
Ice Cream
Chocolate
Baby Food
Herd Management Systems
Milking Equipment
Manure Handling
Milk Cooling Systems
Hygiene
Barn Equipment
All the cows needs
2013 Revenue EUR 577.7 million Operating EBITDA EUR 56.9 million Operating EBITDA margin 9.9 %
engineering for a better world
GEA Mechanical Equipment
Special components Separators, decanters, membrane filters, homogenizers, Machines for the preparation, marination, processing, slicing and packaging of food, pumps and valves
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Examples of application
GEA Separators
Beverages
Chemicals Waste Water
Treatment
Edible Oil
Energy
Milk
2013 Revenue EUR 1,327.8 million Operating EBITDA* EUR 214.7 million Operating EBITDA margin* 16.2 % * Before effects of purchase price allocations and before one-offs
Seafood
Vegetables Ready Meals
Sausage/Ham
Poultry
Meat
Preparation, Marination and Processing
engineering for a better world
GEA Process Engineering
Process technology Design and installation of process lines for food and beverages, chemicals, pharmaceuticals, and cosmetics, as well as gas cleaning plants
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Examples of application
GEA Spray Dryer
Instant Coffee
Fruit Powder Pharma
Convenience Food
Hard Metal
Milk Powder Soft Drinks
Nectars
Isotonic Beverages
Milk based Drinks
Juices
GEA Aseptic Fillers
Ice Tea
2013 Revenue EUR 1,798.0 million Operating EBITDA EUR 203.2 million Operating EBITDA margin 11.3 %
engineering for a better world
GEA Refrigeration Technologies
Freezing and refrigeration technology Reciprocating and screw compressors, freezing systems, chillers etc., as well as development, design, and maintenance of industrial refrigeration technology facilities
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Examples of application
GEA Compressors
Mobile Air- Conditioning
Skating Rinks
Cold Chains
Fish
Energy
Juices Poultry
Fruits/ Vegetables
Sea Food
Bakery Goods
Prepared Foods
GEA Freezing Tunnel
Meat
2013 Revenue EUR 736.6 million Operating EBITDA EUR 71.0 million Operating EBITDA margin 9.6 %
engineering for a better world
Examples of technology
Main Market: Food
GEA Freezing Tunnels
GEA Milk Production
GEA Spray Dryers
GEA Separators
GEA Packaging Equipment
GEA Valves
GEA Spiral Cookers
heat
cool/freeze
separate
dry/dewater
distill
pump
dose
agglomerate
package
Foodstuff
prepare
marinate
process
slice
GEA Group Aktiengesellschaft 10
engineering for a better world 11 Annual General Meeting Fiscal Year 2013
Customer industries
Food/ Beverages
Non-Food
13%
22%
23%
14%
13%
15%
Dairy Farming
Dairy Processing
Food
Beverages
Pharma/Chemical
Other Industries(incl. Industries Environment, Oil & Gas, Marine and Power)
28%
72%
End market customer industry Share of sales *
* Continued operations
engineering for a better world
Emerging markets2
exposure: 40%
∆ abs.: +5% YoY *)
Regional revenue1 split
12
Top-3-Countries
1 continued operations 2 According to the definition of emerging/developing economies by International Monetary Funddenen 17 für GEA relevant sind
Annual General Meeting Fiscal Year 2013
34%
25%
17%
9%
7% 5% 4%
Western Europe
Asia/Pacific
North America
Eastern Europe
Latin America
Middle East
Africa
China 10% ∆ abs.: +10% YoY
USA 16% ∆ abs.: +0% YoY
Germany 9% ∆ abs.: +10% YoY
Revenue 2013
EUR 4,320 million
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Key Figures (preliminary) of the GEA Group 1
1 Only continued operations 2 Amounts adjusted due to first time classification of an operation as discontinued operation and due to change in accounting policy for employee benefits 3 Before effects of purchase price allocations from revalued assets and liabilities and one-offs
GEA Group
[in EUR million] 2013 2012 2 Change in %
Order intake 4,627.9 4,425.4 4.6
Revenue 4,320.0 4,142.3 4.3
Employees [reporting date] 17,750 17,168 3.4
Operating EBIT 3 530.1 494.4 7.2
in % of revenue 12.3 11.9 -
EBT 352.1 227.1 55.0
engineering for a better world
Initial situation + GEA‘s contribution = efficient innovation
Guiding Theme Efficiency – High-tech Made by GEA
PET blanks are sterilized after they were inflated and expanded.
Aseptic Blow Fill (ABF): Integrated aseptic filling for PET bottles PET blanks are sterilized before being inflated and expanded Lower water, energy and chemical consumption Saving: 7 to 9 percent of production costs per bottle
Grasso BluAstrum: Ammonia chiller achieves energy efficiency ratio of 5.5.
Chiller with synthetic refrigerants only or large, less efficient chiller with natural refrigerants
Maximum energy efficiency and optimal efficiency for all load conditions Environmentally friendly with natural refrigerants Compact design and low noise emission
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engineering for a better world 15 GEA Group Aktiengesellschaft
GEA Values
Excellence: At GEA, we stand for excellence in everything we do.
Responsibility: At GEA, we feel responsible for our actions.
Passion: At GEA, we work with passion without obsession.
Integrity: At GEA, we walk our talk.
GEA-versity: At GEA, we cross borders.
engineering for a better world 16 GEA Group Aktiengesellschaft
GEA Group Aktiengesellschaft Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Phone +49 211 9136-0 www.gea.com
Listed in the MDAX index (G1A, WKN 660200)