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GEA Group Aktiengesellschaft Düsseldorf, February 6, 2014 Conference Call Preliminary Results FY 2013

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Page 1: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

GEA Group Aktiengesellschaft

Düsseldorf, February 6, 2014

Conference Call Preliminary Results FY 2013

Page 2: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Disclaimer

All figures for 2013 are preliminary and have therefore not yet been audited. The year-end financial statements for the

GEA Group and GEA Group Aktiengesellschaft are to be finalized by the Executive Board at the beginning of March

and subsequently to be approved by the Supervisory Board. The financial statements for the GEA Group and GEA

Group Aktiengesellschaft for 2013 will be published on March 7, 2014.

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 Preliminary Key Figures FY 2013 - February 6, 2014

Page 3: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

GEA Heat Exchangers Page 4 Reported as Discontinued Operations since 31 Dec 13

Order Intake EUR 4,628m

(incl. HX EUR 6,093m) Page 4

Organic growth continued ops: +6.8% yoy

Orders from food industry continued ops: +8.5% yoy

Guidance 2014 before FX-

impact and one-offs

Page 34

Sales: moderate organic growth

Operating EBITDA: EUR 550m to EUR 590m

CFD-Margin: 9.0% - 9.5% of sales

Preliminary Key Figures FY 2013

3 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Operating EBITDA before FX-

impact Page 4

GEA incl. HX: EUR 701m

GEA continued ops: EUR 540m

Sales EUR 4,320m

(incl. HX EUR 5,772m) Page 4 Organic growth continued ops: +6.5% yoy

Cash Generation Capacity Page 21 Cash Flow Driver Margin GEA incl. HX: 9.4%

Cash Flow Driver Margin continued ops: 9.6%

Dividend Page 5 EUR 0.60 per share proposed

Operating EBIT-Margin

GEA continued ops Page 6

FY 2013: 10.6%; +35 bps yoy

Q4 2013: 15.1%; +142 bps yoy

Strategic Outlook Pages 36-40 Targeting footprint “GEA 2020”

Page 4: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world 4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

2013 WC

reduction

103

CAPEX

reduction

10

EBITDA

change

63

2012

[in EUR million]

368

544

6.4%

9.4%

Cash Flow Driver Margin (incl. HX)

4,425

0

4,727

493

0

540

4,142

0

4,410

Order Intake Sales

Operating EBITDA

2012 Organic

change

2013

adjusted 2013

reported 2013

reported

w/o HX

2012 Organic

change

2013

adjusted 2013

reported 2013

reported

w/o HX

2012 Organic

change

2013

adjusted 2013

reported 2013

reported

w/o HX

660 701 688

530

5,901 6,223 6,093

4,628

5,720 5,898 5,772

4,320 HX

HX

HX

D +9.5%

D +6.2%

D +6.8%

D +5.5%

D +6.5%

D +3.1%

Preliminary Key Figures GEA achieved FY 2013 targets

Page 5: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

368.1

544.1

2012 2013

9.4%

Preliminary Key Figures GEA FY 2013

Cash Flow Driver

D +176.0

325.5

178.6

2012 2013

Net debt

D -146.9

0.55 € 0.60 €

2012 2013

Dividend D +0.05 €

(proposed)

5

Cash Flow Driver:

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

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

6.4%

[in EUR million]

Page 6: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

1,146 1,095

1,029 1,220

1,112 1,168

1,139 1,144

2012 2013

Q4

Q3

Q2

Q1

51 55 95 101

115 116

165 187

2012 2013

Q4

Q3

Q2

Q1 5.8% 6.0%

9.5% 9.5%

10.9% 10.6%

13.6% 15.1%

2012 2013

Q4

Q3

Q2

Q1

881 924

994 1,065

1,061 1,089

1,207 1,242

2012 2013

Q4

Q3

Q2

Q1

Preliminary Key Figures continued ops. GEA Q1 - Q4 2013 YoY

6

[in EUR million] Order intake

D +5%

Sales

D +4%

Operating EBIT

D 8%

D -4%

D -2%

4,425 4,142

D +5%

D +14%

426 459

D +9%

D +62%

Operating EBIT-Margin

D +34 bps

10.3% 10.6%

D +445 bps

D +19% D +7%

D +6%

D +5%

D +0%

D +3%

D -27 bps

D -6 bps

D +24 bps

D +0%

4,628

D +3%

4,320

D +14%

D +142 bps

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Page 7: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Key Figures continued ops. Continued improvement of Operating EBIT Margin

7 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

[in EUR million]

3,353 2,814 2,963

3,828 4,142 4,320

8.8%

6.8%

8.4%

10.5% 10.3% 10.6%

0%

2%

4%

6%

8%

10%

12%

0

1000

2000

3000

4000

5000

6000

2008 2009 2010 2011 2012 2013

Sales Operating EBIT-margin (before ppa & one-offs)

6,000

5,000

4,000

3,000

2,000

1,000

Page 8: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

23 25

71 79

62 62 22

24

-5

1

Q4 2012 Q4 2013

GEA FS

GEA FT

GEA ME

GEA PE

GEA RT

198 192

469 495

255 240

143 152 101 95

Q4 2012 Q4 2013

GEA FS

GEA FT

GEA ME

GEA PE

GEA RT

Preliminary Key Figures continued ops. Segments Q4 2013

8 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

1,139 1,144

D -6%

D +5%

D -3%

D +6% D -6%

Operating EBIT Margin

[in EUR million]

D 0%

Order Intake

203 211

518 527

261 272

172 176 88 87

Q4 2012 Q4 2013

GEA FS

GEA FT

GEA ME

GEA PE

GEA RT

1,207 1,242

D +4%

D +2%

D +4%

D +2%

D -1%

D +3%

Sales

165 187

D +11%

D 0%

D +12%

D +14%

D +14%

Operating EBIT

Q4 2012 Q4 2013 D YoY

GEA FS -5.3% 1.2% +645 bps

GEA FT 12.5% 13.9% +141 bps

GEA ME 23.6% 22.7% -92 bps

GEA PE 13.8% 15.0% +124 bps

GEA RT 11.1% 12.0% +84 bps

GEA Group 13.6% 15.1% +142 bps

Page 9: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. Order Intake Q4 2013

9 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Q4 2013 vs.

Q4 2012

Q1-Q4 2013 vs.

Q1-Q4 2012

Q4 2013 vs.

Q3 2013

Order Intake previous

period 1,139 4,425 1,168

Structural Change +2 +0.2% +21 +0.5% 0 0%

Currency Effects -42 -3.7% -120 -2.7% -8 -0,7%

Organic Development +46 +4.0% +302 +6.8% -16 -1.3%

Order Intake current

period 1,144 +0.5% 4,628 +4.6% 1,144 -2,0%

∆ abs. ∆ in %

∆ abs. ∆ in %

∆ abs. ∆ in %

[in EUR million]

Page 10: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

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North America

Dairy Plant

~16 mEUR

Western Europe

Milk Processing

Plant

~49 mEUR

Western Europe

Infant Formula

Plant

~72 mEUR

Asia-Pacific

Milk Powder Plant

~48 mEUR

Western Europe

Dairy Plant

~74 mEUR

Asia-Pacific

Milk Powder Plant

~42 mEUR

Preliminary Performance continued ops Major Dairy Orders received in FY 2013

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 10

Asia-Pacific

Goat Milk Plant

~25 mEUR

Asia-Pacific

Milk Powder Plant

~16 mEUR

Western Europe

Milk Powder Plant

~40 mEUR

Western Europe

Milk Powder Plant

~32 mEUR

W estern Europe

Whey Drying Plant

~20 mEUR

Page 11: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world 11 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Preliminary Performance continued ops Dairy experts predict dairy trade flows to expand

• Prime export regions: NZL, NW Europe, USA, Argentina

• Prime import regions: China, Russia, (sub) tropical latitudes

Milk usually is shipped as powder (weighing 85% less, durable)

Source and copyright of maps: © IFCN Dairy Research Center 2014, rendered by GEA Group with kind permission, consumption data: FAO

Food Outlook, other (2012)

Per capita consumption:

New Zealand 309 kg

EU-27 287 kg

USA 276 kg

Brazil 173 kg

China 38 kg

Indonesia 13 kg

Page 12: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world 12 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Uses of milk powder

Industrial

• Infant formula

• Yogurt

• Ice Cream

• Chocolate

• Biscuits/bakery

• Other dairy products

Personal

• Drink milk

Page 13: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world 13 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

• World’s largest milk powder spray dryer

delivered by GEA on time - official

opening celebrated on December 7, 2013

• Capacity of 30 tons of whole milk

powder per hour

• Order volume exceeding EUR 70 million

• GEA technology content:

GEA PE

• Milk Reception

• Evaporators

• Spray Dryer

• Powder Handling

• Powder Packing

Darfield II, New Zealand (customer: Fonterra) Showcase of GEA’s innovation and customizing capability

Milk powder from this plant will be exported to more than 20 markets worldwide

including the China, Southeast Asia and Middle East.

GEA ME

• Pumps

• Valves

• Separators

• Homogenizers

Page 14: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

0 100 200 300 400 500 600

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

Preliminary Performance continued ops. Regional Order Intake Trend as of Q4 2013

14

0 300 600 900 1200

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

0 100 200 300 400 500 600

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

0 100 200 300 400 500 600

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

0 100 200 300 400 500 600

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

0 100 200 300 400 500 600

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

0 100 200 300 400 500 600

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

0 100 200 300 400 500 600

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

Eastern Europe & CIS Western Europe North America

Asia Pacific

∆ QoQ: +16%

w/o LO*: +17%

∆ YoY: -17%

w/o LO*: -4%

∆ QoQ: +51%

w/o LO*: +51%

∆ YoY: -13%

w/o LO*: +30%

∆ QoQ: -25%

w/o LO*: -14%

∆ YoY: +18%

w/o LO*: +18%

∆ QoQ: -37%

w/o LO*: -30%

∆ YoY: -26%

w/o LO*: -21%

∆ QoQ: -8%

w/o LO*: +4%

∆ YoY: +39%

w/o LO*: +32%

∆ QoQ: -25%

w/o LO*: +60%

∆ YoY: -42%

w/o LO*: -32%

∆ QoQ: +4%

w/o LO*: +9%

∆ YoY: +2%

w/o LO*: -1%

∆ QoQ: -2%

w/o LO*: +8%

∆ YoY: +1%

w/o LO*: +4%

[in EUR million]

Latin America

Middle East Africa GEA

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

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Page 15: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

469 496 519 518 576 596 619

705 686 669 737 711 702 745 710 722 724 746

109 163 157 139

149 173 168

185 166 208

214 172 221 175

144 234

167 211

78 38

61 65

63 64

135

135 128 111

96

102 124 107

131

102 132

67

60 16 40 33

66 41

60 58

100

44

65 112 110

162 144 121

0

200

400

600

800

1.000

1.200

1.400

Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11(w/o FS)

Q2 11(incl.FS)

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

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

Preliminary Performance continued ops. Large Order Development since Q4 2009

15

[in EUR million]

~70% orders in FY 2013 < EUR 5m = stable independent basis business

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Page 16: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

34% (32%)

25% (26%)

17% (18%)

9% (10%)

7% (7%)

4% (4%)

5% (4%)

Emerging markets*

exposure:

40% (40%) D abs.: +5% YoY

(Durchschnitt der Definition von Dow

Jones und MSCI*)

Sales 2013:

4,320 Mio. EUR

+4% YoY

Preliminary Performance continued ops. Regional Sales Split L4Q per Q4 2013

16

China

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

USA

16% (17%) D abs.: +0% YoY

Germany

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

Top-3-Countries

Western Europe D abs.: +10% YoY

Asia-Pacific D abs.: +4% YoY

North America

D abs.: -2% YoY

Latin America D abs.: -1% YoY

Eastern Europe &

CIS D abs.: -10% YoY

Middle East D abs.: +27% YoY Africa

D abs.: +11% YoY

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

MSCI definiert 21 Länder als Emerging Markets, von denen 17 für GEA relevant sind Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Page 17: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world 17

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

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

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

80%

100%

120%

140%

160%

180%

200%

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Food - Dairy Food - Beverages

Food - Solid GEA Group

60%

80%

100%

120%

140%

160%

180%

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Pharma Chemicals Marine GEA Group

60%

80%

100%

120%

140%

160%

180%

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Oil & Gas Power

Climate & Environment GEA Group

39%

13%

21%

4% 1%

7%

5%

3% 4%

3%

Food – Dairy

D abs.: +24% YoY

Food - Beverages

D abs.: -1% YoY

Food – Solid

D abs.: -7% YoY

Oil & Gas

D abs.: +22% YoY

Power

D abs.: +8% YoY

Other Industries

D abs.: +15% YoY

Pharma

D abs.: -8% YoY

Chemicals

D abs.: -24% YoY

Climate & Environment

D abs.: -12% YoY Marine

D abs.: +6% YoY

OI 2013:

EUR 4,628m

+5% YoY

Page 18: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Book to bill ratio (L4Q)

Q4 2013

Food - Dairy 1,53 17,2% 0,98 3,0% 0,93 6,9% 0,90 2,1% 0,83 0,7% 0,82 0,7% 1,25 8,7% 1,20 39,2%

Food - Liquid 0,84 3,1% 1,42 1,8% 1,04 1,5% 1,18 1,1% 1,11 0,7% 1,01 0,5% 0,90 4,1% 0,98 12,9%

Food - Solid 0,95 8,4% 0,93 2,1% 1,01 3,0% 1,16 1,5% 1,20 1,6% 1,00 0,8% 1,05 4,1% 1,00 21,4%

Total Food & Beverages 1,21 28,7% 1,05 6,8% 0,96 11,4% 1,03 4,7% 1,07 3,0% 0,93 2,0% 1,09 16,9% 1,10 73,6%

Oil & Gas 1,22 0,6% 2,71 0,3% 1,01 0,8% 1,08 0,1% 0,52 0,1% 0,34 0,2% 1,69 1,8% 1,22 3,8%

Power 1,58 0,4% 0,27 0,0% 0,68 0,1% 1,13 0,2% 0,99 0,1% 0,61 0,4% 1,23 0,1% 0,90 1,2%

Total Energy 1,34 0,9% 2,24 0,3% 0,96 0,9% 1,11 0,3% 0,73 0,2% 0,50 0,5% 1,67 1,9% 1,12 5,0%

Pharma 0,97 2,1% 0,96 0,6% 1,15 1,0% 1,49 0,6% 1,10 0,3% 1,52 0,3% 0,91 2,1% 1,02 6,9%

Chemicals 0,79 1,1% 0,69 0,2% 0,91 0,9% 0,90 0,4% 2,09 0,1% 0,33 0,2% 1,06 2,0% 0,87 4,8%

Marine 0,93 1,2% 0,68 0,0% 1,06 0,1% 0,91 0,1% 0,80 0,0% 1,47 0,0% 1,20 1,2% 1,04 2,7%

Climate & Environment 0,92 1,3% 1,13 0,3% 0,62 0,5% 0,65 0,1% 0,38 0,0% 0,92 0,1% 1,60 1,3% 0,99 3,7%

Other Industries 1,05 1,0% 1,47 0,3% 1,12 0,3% 1,06 0,3% 1,20 0,1% 1,19 0,2% 1,01 1,1% 1,09 3,3%

Other 0,93 6,8% 1,02 1,3% 0,93 2,8% 1,06 1,5% 1,01 0,5% 0,79 0,8% 1,09 7,7% 0,99 21,5%

Total 1,15 36,4% 1,06 8,4% 0,96 15,1% 1,04 6,5% 1,04 3,7% 0,79 3,4% 1,12 26,5% 1,07 100,0%

Latin America Africa Middle - East Asia - Pacific TotalWestern

Europe

Eastern Europe

& CIS

North America

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

18 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

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

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

Book to Bill categories

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

Strong BtB-Ratio of 1.07 in Food driven by Europe and recovery in Asia-Pacific

Page 19: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

349

280

315

0

500

1000

1500

2000

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

Order Intake Sales

2,000

1,500

1,000

500

0

Preliminary Performance continued ops. Top Line Trend / Order Backlog

19

2,136

1,581 1,644

1,701 1,599

1,841 1,901

1,983 2,085

1,830 1,932

L4Q BtB ratio

1,2501 1,550² 1,700³

1.07 1.04 1.06 1.06 1.07 1.08 1.07 1.06 1.05 1.07 1.05

#

[in EUR million]

2,015

1.07

1 Order backlog invoicable in FY 2012. ² Order backlog invoicable in FY 2013. ³ Order backlog invoicable in FY 2014.

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

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

17.5% 18.6% 18.6%

16.7%

18.8% 19.3% 19.6%

22.2%

0%

5%

10%

15%

20%

25%

0

500

1000

1500

2000

2500

3000

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

Capital Employed (average LTM) ROCE (average LTM)

Preliminary Performance continued ops. ROCE increase above 20%

20 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

[in EUR million]

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

0

3,000

2,500

2,000

1,500

1,000

500

D + 550 bps yoy

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286 349 345 351

269

404 449 460

395

523 521 511

356

515 521 538

364

15.3%

14.4%

13.4%

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

12.1% 12.8% 12.9% 12.7%

12.2% 11.9% 11.7% 11.7%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

0

100

200

300

400

500

600

Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

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

Preliminary Performance continued ops. Working Capital Development

21

- 355 bps

[in EUR million]

Working Capital / Sales ratio stabilised on low level

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Page 22: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

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142 173 189

207

310

355 387

414 3.6%

4.3% 4.6%

5.0%

7.4%

8.3%

9.0%

9.6%

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

0

50

100

150

200

250

300

350

400

450

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

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

Preliminary Performance continued ops. Cash Flow Driver Margin Development

22 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

[in EUR million]

515

414

120 -19

525 506

Ø WC Q1 12-Q4 12

Ø WC Q1 13-Q4 13

Cash Flow Driver

LTM per Q4 13 Δ Working Capital

LTM

CAPEX LTM

per Q4 13 EBITDA LTM

per Q4 13

Page 23: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world 23

[in EUR million]

-178.6

-105.9

-7.2

-7.0

-58.6

-175.5

-151.3

-15.0

660.1

-325.5

Preliminary Performance Net Liquidity Reconciliation incl. GEA HX

Cash generation LTM: EUR ~320m

Δ +EUR 318m

Taxes / Interests / Others

Delta Working Capital

EBITDA

Net Debt 31.12.2012

Net Debt 31.12.2013

Dividend

CAPEX

Discontinued Operations

Net Debt bef. DOP, M&A and Dividend

Effect from Acquisitions

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Settlement of old legacy issues, not HX

Page 24: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world 24

Preliminary Performance continued ops. Service Business per Q4 LTM

1,114

141

239

308

234

193

1,153

141

235

325

252

200

GEA Group GEA FS* GEA FT GEA ME GEA PE GEA RT

Share of Service Sales

Change in service sales FY 2013 yoy: +3.5% to a total of EUR 1,153m

Share of service sales FY 2013: 26.7 % (FY 2012: 26.9 %)

41%

D +4%

D -2% D +4%

%

41% 27%

27%

40%

33% 33%

14% 14%

28% 27%

D +6%

D +8%

38%

[in EUR million]

2012 2013

D 0%

* Calculated w/o one-time POC-related accounting adjustments of EUR 42m (in the denominator) in Q1 2012.

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Page 25: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. GEA Food Solutions

25 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Order Intake by Customer Industry Order Intake by Region

[in EUR million]

Order Intake

Q4

2012

Q4

2013 ∆

(%)

101.0 94.8 -6.1

thereof organic: -4.4

Sales

Q4

2012

Q4

2013 ∆

(%)

88.0 87.0 -1.1

thereof organic: +0.8

Operating EBIT*

Q4

2012

Q4

2013 ∆

(%)

-4.7 1.0 n.a.

Operating EBIT* Margin (%)

Q4

2012

Q4

2013 ∆

(bps)

-5.3 1.2 +645

100% 100%

2012 2013

Food &Beverages

42% 44%

12% 16%

17% 15%

8% 10%

13% 8%

7% 5%

1% 2%

2012 2013

Africa

Middle - East

Eastern Europe& CIS

Latin America

North America

Asia - Pacific

Western Europe

Δ -7%

Δ -4%

Δ +22%

Δ -18%

Δ +24%

Δ +41%

Δ -26%

Δ -41%

* Before non-recurring items of EUR 20.9m in Q4 2012.

To be done

Page 26: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. GEA Food Solutions

26 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

73 71 77 77 74 67 84

71 67 69 72

17 13

35 20 22

15

10

4 14 13 23

14 8

8 8

0

20

40

60

80

100

120

140

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

Quarterly Large Order Development

[in EUR million]

* As reported in statements, after 42m POC-related accounting adjustments in 2012.

** Before non-recurring items of EUR 66.5m in Q1-Q4 2012.

Order Intake

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

375.9 349.7 -7.0

thereof organic: -5.9

Sales*

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

332.4 349.9 +5.3

thereof organic: +6.5

Operating EBIT**

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

-12.4 -3.7 +70.2

Operating EBIT** Margin (%)

Q1-Q4

2012

Q1-Q4

2013 ∆

(bps)

-3.7 -1.0 +269

Page 27: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. GEA Farm Technologies

27 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Order Intake by Customer Industry Order Intake by Region

[in EUR million]

39% 39%

32% 33%

8% 11%

13% 11%

8% 7%

2012 2013

Latin America

Eastern Europe &CIS

Asia - Pacific

North America

Western Europe

100% 100%

2012 2013

Food &Beverages

Δ +2%

Δ +3%

Δ +5%

Δ -13%

Δ -19%

Δ +41%

Order Intake

Q4

2012

Q4

2013 ∆

(%)

142.6 151.6 +6.3

thereof organic: +9.7

Sales

Q4

2012

Q4

2013 ∆

(%)

172.3 176.2 +2.3

thereof organic: +5.3

Operating EBIT

Q4

2012

Q4

2013 ∆

(%)

21.5 24.5 +13.8

Operating EBIT Margin (%)

Q4

2012

Q4

2013 ∆

(bps)

12.5 13.9 +141

Page 28: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. GEA Farm Technologies

28 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Quarterly Large Order Development

[in EUR million]

94 99 100 116 115 116 126 130

140 129

147 144 146 143 139 151 149 151

1 1

3

1 1 1 5 2 1

0

20

40

60

80

100

120

140

160

180

Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m

Order Intake

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

583.9 596.7 +2.2

thereof organic: +2.7

Sales

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

580.9 577.7 -0.5

thereof organic: -0.4

Operating EBIT

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

46.3 44.6 -3.8

Operating EBIT Margin (%)

Q1-Q4

2012

Q1-Q4

2013 ∆

(bps)

8.0 7.7 -26

Page 29: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. GEA Mechanical Equipment

29 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Order Intake by Region

[in EUR million]

54% 51%

12% 13%

9% 11% 5%

7% 7% 6%

6% 5% 5% 5%

1% 2%

2012 2013

Other Industries

Power

Chemicals

Climate &EnvironmentPharma

Oil & Gas

Marine

Food &Beverages

27% 33%

32% 31%

21% 19%

9% 7% 4% 4% 6% 4% 2% 2%

2012 2013

Africa

Middle - East

Eastern Europe &CIS

Latin America

North America

Western Europe

Asia - Pacific

Δ -3%

Δ +9%

Δ +54%

Δ -8% Δ -17%

Δ +27%

Δ +27%

Δ 0%

Δ -5%

Δ -20% Δ +20% Δ -40% Δ +23% Δ +50%

Δ +3%

Order Intake

Q4

2012

Q4

2013 ∆

(%)

254.6 239.5 -5.9

thereof organic: -2.4

Sales

Q4

2012

Q4

2013 ∆

(%)

261.2 272.3 +4.3

thereof organic: +7.6

Operating EBIT

Q4

2012

Q4

2013 ∆

(%)

61.7 61.8 +0.2

Operating EBIT Margin (%)

Q4

2012

Q4

2013 ∆

(bps)

23.6 22.7 -92

Order Intake by Customer Industry

Page 30: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. GEA Mechanical Equipment

30 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Quarterly Large Order Development

[in EUR million]

Order Intake

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

971.9 1,018.5 +4.8

thereof organic: +6.7

Sales

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

933.9 977.8 +4.7

thereof organic: +6.5

Operating EBIT

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

187.9 191.3 +1.8

Operating EBIT Margin (%)

Q1-Q4

2012

Q1-Q4

2013 ∆

(bps)

20.1 19.6 -56

143 143 167

188 167 179

199 193 199 189 214 206 204 205 218 233 232

211

15 13 5

6 12 3

20 29 18 15

19 20 29 16 14

24 19

18

13

13

9 5 6 7

12 5 11 33 17 18

0

50

100

150

200

250

300

Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m

Page 31: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. GEA Process Engineering

31 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Order Intake by Region

[in EUR million]

68% 75%

16%

12% 9%

6% 5%

3% 2%

2%

2012 2013

Other Industries

Climate &Environment

Chemicals

Pharma

Food &Beverages

27% 35%

36%

34%

14%

9% 7%

8% 8%

7% 5%

4% 4%

3%

2012 2013

Middle - East

Africa

Latin America

Eastern Europe& CIS

North America

Asia - Pacific

Western Europe

Δ +24%

Δ -17%

Δ -18% Δ -29% Δ -1%

Δ +45%

Δ +6%

Δ -28%

Δ +30%

Δ +1%

Δ -19% Δ -5%

Order Intake

Q4

2012

Q4

2013 ∆

(%)

469.2 494,.6 +5.4

thereof organic: +9.2

Sales

Q4

2012

Q4

2013 ∆

(%)

518.3 526.7 +1.6

thereof organic: +5.4

Operating EBIT

Q4

2012

Q4

2013 ∆

(%)

71.3 79.0 +10.8

Operating EBIT Margin (%)

Q4

2012

Q4

2013 ∆

(bps)

13.8 15.0 +124

Order Intake by Customer Industry

Page 32: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. GEA Process Engineering

32 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Quarterly Large Order Development

[in EUR million]

Order Intake

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

1,850.2 2.061,0 +11.4

thereof organic: +14.2

Sales

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

1,716.3 1,798.0 +4.8

thereof organic: +7.5

Operating EBIT

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

162.7 188.3 +15.7

Operating EBIT Margin (%)

Q1-Q4

2012

Q1-Q4

2013 ∆

(bps)

9.5 10.5 +99

119 140 138 117 136 177 169 178 167 159 186 175 170 197 174 170 166 194

66 80

143 121 110

119 133 122 116 121 144

107 132 100 104

155 98

130

52 55

38 61 43

58 59 127

90 111 82

75 101 94 126

82 124

50

17

60 16 40 33

66 41 60

58

100

44

65 79 78

162 127

121

0

100

200

300

400

500

600

Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m

Page 33: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. GEA Refrigeration Technologies

33 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

[in EUR million]

Order Intake

Q4

2012

Q4

2013 ∆

(%)

197.8 192.3 -2.8

thereof organic: +0.9

Sales

Q4

2012

Q4

2013 ∆

(%)

203.1 210.6 +3.7

thereof organic: +7.8

Operating EBIT

Q4

2012

Q4

2013 ∆

(%)

22.6 25.2 +11.6

Operating EBIT Margin (%)

Q4

2012

Q4

2013 ∆

(bps)

11.1 12.0 +84

Order Intake by Region

61% 62%

11% 13%

8% 7% 5% 7%

10% 6% 2%

2% 1% 2%

2012 2013

Power

Marine

Chemicals

Climate &Environment

Oil & Gas

Other Industries

Food &Beverages

41% 41%

14% 15%

14% 14%

13% 13%

8% 9%

8% 5%

2% 2%

2012 2013

Latin America

Middle - East

Africa

Eastern Europe& CIS

North America

Asia - Pacific

Western Europe

Order Intake by Customer Industry

Δ -2%

Δ +18%

Δ -15%

Δ -15% Δ +52%

Δ +22% Δ -43%

Δ -5%

Δ +7%

Δ +1%

Δ -39%

Δ +18%

Δ - 2%

Δ +5%

Page 34: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. GEA Refrigeration Technologies

34 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Quarterly Large Order Development

[in EUR million]

Order Intake

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

756.2 726.3 -4.0

thereof organic: -1.0

Sales

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

694.8 736.6 +6.0

thereof organic: +9.1

Operating EBIT

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

56.2 61.5 +9.4

Operating EBIT Margin (%)

Q1-Q4

2012

Q1-Q4

2013 ∆

(bps)

8.1 8.4 +26

105 105 113 121 122 120 128 145

126 135 140 139 146 142 140 134 139 146

10 16 14

30 17 27 19 17

20 35 29 22

44 50 22 35 35

40

10

10 5 6 19

8 20

10 6

12 6

16

0

50

100

150

200

250

Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m

Page 35: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Guidance FY 2014 continued operations

35 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Sales: moderate growth

Cash Flow Driver Margin:

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

Sales Sales Sales

Operating EBITDA: EUR 550m - EUR 590m

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

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

Cash Flow Driver Margin: 9.0% – 9.5%

Page 36: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Additional Financial Information for 2014 continued ops.

36 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

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

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

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

Long term target capex level: around 2% of sales

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

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

Interest rate financial liabilities: below 3.5%

Page 37: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world 37 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

• GEA ME has established best-in-class structures and processes e.g. in administration,

procurement, logistics that can be leveraged with further sales volume

• Combining GEA FS overhead structures with GEA ME‘s will help to further lower the

break-even point of GEA FS operations and will enhance the profitability recovery of GEA

FS independently of top-line growth

• GEA FS CEO will continue to run the operations

Realizing Synergies between GEA FS and GEA ME

GEA Food Solutions GEA Mechanical Equipment

Page 38: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Strategic projects initiated by GEA Executive Board

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 38

GEA Application Strategy

GEA Technology & Competence Mapping

HX Divestment

GEA

strategic

portfolio

review

GEA

long-term

strategic

direction

Outline of GEA’s

long-term direction &

guiding principles

Comprehensive

portfolio analysis of

all GEA BUs

Analysis of >30 applications and selected technologies

GEA-wide technology and competence mapping

Preparation and execution of HX divestment

2012 2013 – 2014

Page 39: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Holistic approach to deriving target footprint 2020

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 39

GEA presence & white spots plotted

across application process value chain

>30 applications &

technologies

Applications and strategic moves evaluated

for relative attractiveness and prioritized

Customer buying preferences discussed

in >100 client & GEA expert interviews

Suitable business models and roadmap for

closing white spots developed by application

Page 40: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Path towards target footprint for GEA 2020

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 40

Future application footprint & focus growth areas

for GEA 2020 defined

Continue growing leading market position in milk

production, dairy & liquid food processing

Expand presence in animal proteins, renewable

foods & other attractive food areas

Maintain growth in demanding non-food industries

Well-balanced application & customer portfolio

Differentiation from competitors’ footprint

+

+

Food

Non-food

Sales exposure

2020

Page 41: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Business model & organizational cornerstones

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 41

Best-in-class components and

engineering that meet customers’ specific

application and regional preferences

Cross-business collaboration to deliver

best value to customer on a global scale

Operational and organizational excellence

“Fit for 2020”

Page 42: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Investor Relations Calendar Upcoming Roadshows and Conferences

42 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

February 19, 2014 Roadshow Germany Frankfurt

February 14, 2014 Roadshow France Paris

February 25, 2014 Roadshow UK London

March 12-13, 2014 Conference USA San Francisco

March 26, 2014 Conference France Paris

March 14 - 21, 2014 Roadshow North America Toronto, NY, Boston

MidAtlantic

March 19, 2014 Conference UK London

March 27, 2014 Conference UK London

April 3, 2014 Conference Germany Baden-Baden

Page 43: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Financial Calendar

43 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

March 7, 2014 Annual Report FY 2013

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 Q3 2014

Page 44: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

44

Page 45: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Backup

45 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Preliminary Performance

GEA Group and Segments - incl. GEA Heat Exchangers

Page 46: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world 46 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Q4 2013 vs.

Q4 2012

Q1-Q4 2013 vs.

Q1-Q4 2012

Q4 2013 vs.

Q3 2013

Sales

previous period 1,207 4,142 1,089

Structural Change +2 +0.2% +23 +0.5% 0 0%

Currency Effects -46 -3.8% -113 -2.7% -9 -0.8%

Organic Development +79 +6.5% +268 +6.5% +162 +15.0%

Sales

current period 1,242 +2.9% 4,320 +4.3% 1,242 +14.1%

∆ abs. ∆ in %

∆ abs. ∆ in %

∆ abs. ∆ in %

[in EUR million]

Preliminary Performance continued ops. Sales Q4 2013

Page 47: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance continued ops. Operating EBIT Q4 2013

47 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Q4 2013 vs.

Q4 2012

Q1-Q4 2013 vs.

Q1-Q4 2012

Q4 2013 vs.

Q3 2013

Operating EBIT

previous period 164.7 425.8 115.6

Structural Change 0.0 0% +2.3 +0.6% 0 0%

Currency Effects -5.1 -3.1% -9.4 -2.2% -1.4 -1.2%

Organic Development +27.5 +16.7% +40.4 +9.5% +72.9 +63.1%

Operating EBIT

current period 187.1 +13.6% 459.1 +7.8% 187.1 +61.9%

∆ abs. ∆ in %

∆ abs. ∆ in %

∆ abs. ∆ in %

[in EUR million]

Page 48: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

570

622

551

843

944

929

610

535

646

447

492

470

356

538

364

Preliminary Performance continued ops. Working Capital Development

48

Trade

Receivables Inventories

Trade

Payables Advance

Payments

Working

Capital

Q3 2013

Q4 2013

-15

-2%

-71

-11%

+111

+21%

- 22

-5%

-174

-32%

Q4 2012

+101

+12%

+52

+9%

-75

-12%

+45

+10%

+182

+51%

_

_

_

[in EUR million]

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Page 49: Conference Call Preliminary Results FY 2013 Group Conference Call...4 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 engineering for a better world WC 2013 reduction

engineering for a better world

Preliminary Performance GEA Heat Exchangers

49 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Order Intake by Region

[in EUR million]

33% 33%

30% 28%

16% 20%

5% 6% 6% 5% 6% 4% 3% 3%

2012 2013

Marine

Food &Beverages

Other Industries

Chemicals

Oil & Gas

Power

Climate &Environment

45% 43%

12% 16%

16% 16%

7% 9% 10% 8% 5% 5% 4% 3%

2012 2013

Latin America

Africa

North America

Middle - East

Asia - Pacific

Eastern Europe &CIS

Western Europe

Δ +2%

Δ -8%

Δ +5% Δ -16% Δ -25%

Δ -3%

Δ -5%

Δ +29%

Δ -5%

Δ +29%

Δ -21% Δ +4%

Δ -21%

Δ +23%

Order Intake*

Q4

2012

Q4

2013 ∆

(%)

349.7 426.8 +22.1

thereof organic: +25.4

Sales

Q4

2012

Q4

2013 ∆

(%)

422.7 404.2 -4.4

thereof organic: -1.3

Operating EBIT

Q4

2012

Q4

2013 ∆

(%)

52.1 46.5 -10.7

Operating EBIT Margin (%)

Q4

2012

Q4

2013 ∆

(bps)

12.3 11.5 -82

Order Intake by Customer Industry

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engineering for a better world

Preliminary Performance GEA Heat Exchangers

50 Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Quarterly Large Order Development

[in EUR million]

Order Intake*

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

1,509.8 1,500.3 -0.6

thereof organic: +1.4

Sales

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

1,608.8 1,489.1 -7.4

thereof organic: -5.3

Operating EBIT

Q1-Q4

2012

Q1-Q4

2013 ∆

(%)

135.0 123.3 -8.7

Operating EBIT Margin (%)

Q1-Q4

2012

Q1-Q4

2013 ∆

(bps)

8.4 8.3 -11

226 212 250 266 256 239

290 294 276 254 281 272 274 225

261 276 253 248

48 47

40 52

46 74 37 47 61

33

62 66 45

54

65 48 57 61 7 27

14

27 30 7

18 42 32

72

33 12

8 31

12 40 10 28 84

15

53 73 80 31

63 104 30

28 49

39 24

29

89

0

50

100

150

200

250

300

350

400

450

500

Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m

* Organic growth +2.3% yoy excl. large projects received in Q3

2012 but suspended later.

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Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 51

Order Intake

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

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

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

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

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

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

Order Backlog

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

GEA Food Solutions1) 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 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 excluding HX 1.483,5 1.520,3 1.539,2 1.283,6 1.283,6 1.276,0 1.274,4 1.175,8 1.161,1 1.161,1 1.301,8 1.417,0 1.362,1 1.333,5 1.333,5

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

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

Sales

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

GEA Food Solutions1) 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 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 excluding HX 735,9 856,2 844,4 916,2 3.352,7 674,5 688,4 695,0 756,1 2.814,0 603,2 700,7 769,7 889,5 2.963,1

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

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

Operating EBITDA (before ppa & one-offs)

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

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

GEA Farm Technologies 6,0 13,6 21,3 21,5 62,3 0,8 8,1 10,8 9,4 29,1 3,8 6,1 11,8 16,2 37,9

GEA Mechanical Equipment 30,1 32,9 32,8 43,5 139,3 26,7 23,2 28,4 37,0 115,2 24,8 26,9 37,7 46,9 136,4

GEA Process Engineering 12,1 26,1 28,0 47,0 113,2 11,1 17,3 21,0 38,6 88,0 14,7 20,5 23,0 48,3 106,5

GEA Refrigeration Technologies 7,7 11,9 11,7 16,9 48,1 4,3 8,6 5,0 10,7 28,6 3,8 8,2 9,2 15,8 37,1

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

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

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

Operating EBITDA - Margin

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

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

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

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

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

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

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

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

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

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Conference Call Preliminary Key Figures FY 2013 - February 6, 2014 52

Order Intake

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

GEA Food Solutions1) 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 94,8 349,7

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

GEA Mechanical Equipment 219,2 230,1 221,6 203,9 874,9 238,7 233,2 245,4 254,6 971,9 253,9 256,8 268,2 239,5 1.018,5

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

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

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

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

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

Order Backlog

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

GEA Food Solutions1) 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 96,4 96,4

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 85,6 85,6

GEA Mechanical Equipment 304,1 322,0 340,9 309,7 309,7 323,7 341,7 345,1 331,1 331,1 347,1 355,8 367,8 332,0 332,0

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

GEA Refrigeration Technologies 210,4 206,6 206,1 197,0 197,0 224,4 245,8 265,4 257,0 257,0 283,6 268,8 253,1 229,5 229,5

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

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

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

Sales

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

GEA Food Solutions1) 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 87,0 349,9

GEA Farm Technologies 99,6 118,3 138,1 153,8 509,8 117,8 133,1 157,8 172,3 580,9 110,8 133,8 156,9 176,2 577,7

GEA Mechanical Equipment 191,6 207,8 204,9 240,4 844,7 216,7 217,6 238,5 261,2 933,9 218,5 240,5 246,5 272,3 977,8

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

GEA Refrigeration Technologies 132,8 166,6 166,2 181,6 647,2 149,5 165,2 177,0 203,1 694,8 152,1 189,2 184,8 210,6 736,6

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

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

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

Operating EBITDA (before ppa & one-offs)

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

GEA Food Solutions1) 6,2 6,2 8,0 12,0 26,2 -7,3 2,9 1,4 -2,9 -6,0 -4,0 0,9 3,5 3,3 3,8

GEA Farm Technologies 5,0 8,4 15,0 16,8 45,2 5,0 11,2 17,8 24,5 58,5 3,1 8,5 17,6 27,8 56,9

GEA Mechanical Equipment 32,7 44,6 43,5 57,9 178,7 40,2 44,7 53,6 66,8 205,3 42,6 47,3 53,3 67,7 210,9

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

GEA Refrigeration Technologies 8,9 14,5 14,1 22,4 60,0 11,0 13,4 16,0 24,9 65,2 9,6 16,8 17,1 27,5 71,0

GEA Group excluding HX 62,4 100,3 119,8 187,0 469,6 68,0 110,7 132,3 183,5 494,4 72,4 118,4 133,5 206,0 530,4

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

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

Operating EBITDA - Margin

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

GEA Food Solutions1) 5,5% -12,8% 7,7% 9,2% 7,6% -81,8% -0,7% -5,3% -23,5% -1,8% -5,1% 1,0% 3,9% 3,8% 1,1%

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

GEA Mechanical Equipment 17,1% 21,5% 21,2% 24,1% 21,2% 18,6% 20,6% 22,5% 25,6% 22,0% 19,5% 19,7% 21,6% 24,9% 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% 15,7% 11,3%

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

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

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

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

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Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

EBITDA reported

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

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

GEA 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 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 excluding HX 49,8 80,5 85,6 118,5 334,4 38,6 49,0 48,3 51,7 187,6 47,0 57,2 65,4 102,3 271,9

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

Operating EBIT (before ppa & one-offs)

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

GEA Food Solutions1) -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 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 excluding HX 40,6 71,0 75,4 107,2 294,1 29,4 43,4 52,4 66,3 191,6 29,9 48,5 65,3 104,1 247,9

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

Operating EBIT - Margin

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

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

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

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

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

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

EBIT reported

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

GEA Food Solutions1) -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 4,1 11,6 18,8 18,8 53,4 -1,6 3,6 7,4 3,1 12,4 0,5 2,2 8,1 9,2 20,0

GEA Mechanical Equipment 27,0 29,7 29,4 39,5 125,6 23,0 19,1 22,7 22,7 87,6 20,5 21,0 24,6 37,6 103,8

GEA Process Engineering 9,2 23,1 24,8 43,1 100,2 6,7 10,4 7,8 27,4 52,3 11,1 16,1 19,1 43,9 90,2

GEA Refrigeration Technologies 5,9 9,8 9,7 15,2 40,7 1,8 5,9 1,7 3,9 13,3 1,5 5,3 5,0 0,4 12,2

GEA Group excluding HX 37,6 67,7 71,7 103,5 280,5 24,0 33,7 33,0 33,4 124,2 30,5 40,4 49,3 82,0 202,2

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

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

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Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

EBITDA reported

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

GEA Food Solutions1) 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 3,3 3,8

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 27,8 56,7

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 67,7 210,9

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 82,5 203,2

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 27,5 71,0

GEA Group excluding HX 59,9 78,1 117,9 184,4 440,3 29,4 104,1 123,0 163,5 420,1 71,1 113,8 130,0 200,6 515,5

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 38,4 54,5 155,2

GEA Group incl. HX 91,9 116,0 167,4 234,9 610,2 64,7 142,4 162,9 226,9 597,0 98,1 152,4 168,9 240,8 660,1

Operating EBIT (before ppa & one-offs)

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

GEA Food Solutions1) 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 1,0 -3,7

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 24,5 44,6

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 61,8 191,3

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 79,0 188,3

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 25,2 61,5

GEA Group excluding HX 48,2 83,2 101,9 169,3 402,6 50,7 94,9 115,4 164,7 425,8 55,4 101,0 115,6 187,1 459,1

GEA Heat Exchangers 20,8 26,5 37,9 36,7 121,8 24,0 27,6 31,3 52,1 135,0 17,8 29,0 30,0 46,5 123,3

GEA Group incl. HX 69,0 109,7 139,8 206,1 524,6 74,7 122,5 146,7 216,8 560,8 73,2 129,9 145,6 233,6 582,4

Operating EBIT - Margin

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

GEA Food Solutions1) 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% 1,2% -1,0%

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% 13,9% 7,7%

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% 22,7% 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% 15,0% 10,5%

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% 8,0% 12,0% 8,4%

GEA Group excluding HX 6,8% 8,6% 10,4% 14,4% 10,5% 5,8% 9,5% 10,9% 13,6% 10,3% 6,0% 9,5% 10,6% 15,1% 10,6%

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% 7,5% 7,9% 11,5% 8,3%

GEA Group incl. HX 6,6% 8,1% 10,0% 12,6% 9,7% 5,9% 8,8% 10,1% 13,4% 9,8% 5,9% 9,0% 10,0% 14,3% 10,1%

EBIT reported

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

GEA Food Solutions1) 2,8 -22,6 -0,2 6,8 -16,0 -48,5 -5,3 -9,8 -39,3 -102,8 -9,0 -4,1 -1,7 -2,4 -17,3

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

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 61,2 188,9

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 78,3 185,7

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 24,2 59,0

GEA Group excluding HX 44,0 51,1 91,6 160,2 347,0 6,5 82,3 100,1 125,4 314,3 48,1 90,4 106,0 175,4 419,9

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 42,4 116,0

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

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Backup: Preliminary Performance GEA Group & Segments Key Figures Time Line (5/6)

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

Capital Employed w /o goodw ill2) (average LTM)

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

GEA Food Solutions1) 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 172,6 178,0 193,1 204,0 204,0 219,7 235,5 241,7 241,4 241,4 250,5 260,9 271,3 284,0 284,0

GEA Mechanical Equipment 330,6 339,5 344,9 349,8 349,8 364,3 371,3 374,2 367,7 367,7 346,5 327,9 309,9 300,7 300,7

GEA Process Engineering 271,4 264,0 264,8 270,6 270,6 274,2 276,2 269,7 255,1 255,1 241,1 235,7 237,8 238,9 238,9

GEA Refrigeration Technologies 191,8 197,3 207,4 221,1 221,1 236,8 249,9 258,6 258,7 258,7 244,9 226,6 202,4 177,9 177,9

GEA Group excluding HX 1.002,1 1.016,8 1.046,0 1.063,4 1.063,4 1.097,4 1.117,9 1.113,4 1.094,3 1.094,3 1.078,4 1.071,0 1.066,0 1.069,5 1.069,5

GEA Heat Exchangers 628,4 640,1 662,2 707,3 707,3 757,2 789,7 793,4 752,0 752,0 711,8 687,1 677,7 672,8 672,8

GEA Group incl. HX 1.636,1 1.662,0 1.712,2 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 goodw ill3) LTM

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

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

GEA Farm Technologies 2,4% 8,8% 17,9% 26,2% 26,2% 21,7% 16,8% 11,6% 5,1% 5,1% 5,8% 5,0% 5,1% 7,1% 7,1%

GEA Mechanical Equipment 8,2% 16,7% 25,0% 35,9% 35,9% 33,4% 29,9% 27,9% 23,8% 23,8% 24,5% 26,5% 28,7% 34,5% 34,5%

GEA Process Engineering 3,4% 12,2% 21,6% 37,0% 37,0% 35,7% 30,8% 25,2% 20,5% 20,5% 23,5% 26,4% 31,0% 37,7% 37,7%

GEA Refrigeration Technologies 3,1% 8,0% 12,3% 18,4% 18,4% 15,5% 13,1% 9,5% 5,1% 5,1% 5,3% 5,5% 7,8% 6,9% 6,9%

GEA Group excluding HX 3,8% 10,4% 16,9% 26,4% 26,4% 24,3% 20,8% 17,4% 11,3% 11,3% 12,1% 12,8% 14,4% 18,9% 18,9%

GEA Heat Exchangers 5,8% 13,3% 21,7% 30,5% 30,5% 27,2% 22,7% 18,5% 16,5% 16,5% 16,8% 16,2% 13,8% 4,4% 4,4%

GEA Group incl. HX 4,6% 11,8% 19,1% 28,4% 28,4% 26,0% 22,1% 18,6% 14,6% 14,6% 14,9% 15,1% 15,0% 13,6% 13,6%

Capital Employed w /o goodw ill2) (average LTM)

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

GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. 529,5 530,1 526,8 519,8 519,8 510,6 502,4 494,3 489,8 489,8

GEA Farm Technologies 288,6 289,7 292,5 297,7 297,7 302,1 308,2 314,8 319,3 319,3 324,7 327,9 327,4 325,4 325,4

GEA Mechanical Equipment 303,6 308,4 317,6 328,8 328,8 345,1 373,5 402,3 429,7 429,7 456,3 470,2 482,9 496,0 496,0

GEA Process Engineering 237,4 235,8 238,7 249,0 249,0 273,3 290,0 296,7 286,0 286,0 270,8 262,2 253,5 253,9 253,9

GEA Refrigeration Technologies 176,5 187,8 205,4 225,9 225,9 241,8 249,0 253,6 254,7 254,7 255,6 256,1 257,3 259,5 259,5

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

GEA Heat Exchangers 680,7 684,2 691,6 694,6 694,6 690,5 688,2 675,9 669,9 669,9 658,2 646,6 641,2 634,7 634,7

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

ROCE w /o goodw ill3) LTM

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

GEA Food Solutions1) 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% -3,5% -3,5%

GEA Farm Technologies 7,3% 8,3% 9,3% 10,4% 10,4% 10,2% 10,8% 11,3% 13,4% 13,4% 12,6% 11,6% 11,5% 12,7% 12,7%

GEA Mechanical Equipment 36,8% 42,4% 45,8% 49,0% 49,0% 48,9% 45,0% 44,1% 43,0% 43,0% 41,0% 40,3% 39,1% 38,1% 38,1%

GEA Process Engineering 40,1% 45,1% 50,8% 58,7% 58,7% 53,4% 53,0% 53,2% 55,9% 55,9% 62,4% 66,6% 70,3% 73,2% 73,2%

GEA Refrigeration Technologies 9,9% 12,2% 14,1% 20,6% 20,6% 19,8% 19,2% 19,7% 21,2% 21,2% 20,6% 21,8% 22,1% 22,7% 22,7%

GEA Group excluding HX 19,3% 17,9% 18,7% 21,4% 21,4% 17,5% 18,6% 18,6% 16,7% 16,7% 18,8% 19,3% 19,6% 22,2% 22,2%

GEA Heat Exchangers 4,0% 5,8% 9,8% 17,0% 17,0% 17,6% 17,8% 17,2% 19,4% 19,4% 18,8% 19,2% 19,1% 18,3% 18,3%

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

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

Conference Call Preliminary Key Figures FY 2013 - February 6, 2014

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

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

numbers of the corresponding period.

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

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

former Metallgesellschaft AG in 1999 (average LTM).