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Conference Call Results Q2 2015 Düsseldorf, July 29th, 2015

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Conference Call Results Q2 2015

Düsseldorf, July 29th, 2015

engineering for a better world

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%.

Disclaimer

GEA Presentation Results Q2 2015 - July 29th, 2015 2

engineering for a better world

Executive Summary Q2 2015

GEA Presentation Results Q2 2015 - July 29th, 2015 3

Order

Intake (EURm)

1,149

Sales

(EURm)

1,150

Operating

EBITDA (EURm)

139.3

Operating

EBIT (EURm)

119.8

Op. ROCE1

26.7%

Operating CFD

Margin

10.5%

D -2% YoY D +3% YoY D +9% YoY D +10% YoY D +168 bps

YoY

D +121 bps

YoY

Structural change:

+0.5% YoY

FX translation:

+6.6% YoY

Structural change:

+0.5% YoY

FX translation:

+6.5% YoY

Record margin

for Q2 of

12.1%

Record margin

for Q2 of

10.4%

Key Highlights Q2 2015:

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

engineering for a better world

Key figures and change YoY Q2 2015

4 GEA Presentation Results Q2 2015 - July 29th, 2015

Operating EBIT

652 629

570 573

Q2 2014 Q2 2015

Operating EBIT Margin

Sales Order Intake

1,149 1,170

GEA Solutions

GEA Equipment

adjusted1: -9%

D -2%

D -4%

D +1%

Q2 2014 Q2 2015 D YoY

GEA Equipment 10.5% 12.2% +167 bps

GEA Solutions 8.8% 8.7 % -12 bps

GEA Group 9.8% 10.4% +63 bps

[EURm] [EURm]

603 613

565 588

Q2 2014 Q2 2015

1,150 1,118

GEA Solutions

GEA Equipment

adjusted1: -4%

D +3%

D +2%

D +4%

[EURm]

53 53

59 72

Q2 2014 Q2 2015

120 109

GEA Solutions

GEA Equipment

D +10%

D 0%

D +20%

[EURm]

1 Adjusted = before currency translation and structural effects

engineering for a better world

9.3%

11.0%

12.0% 11.9%

12.6%

13.4%

7.2%

9.0%

10.3% 10.3%

10.9%

11.6%

6%

7%

8%

9%

10%

11%

12%

13%

2,000

3,000

4,000

5,000

6,000

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Order Intake Sales Operating EBITDA Margin Operating EBIT Margin

Development LTM: Order Intake, Sales, Operating Margins

5

[EURm]

GEA Presentation Results Q2 2015 - July 29th, 2015

Operating EBIT Margin at record 11.6% as of Q2 2015 LTM

engineering for a better world

Order intake -2% YoY but +2% QoQ

6 GEA Presentation Results Q2 2015 - July 29th, 2015

[EURm]

619 705 686 669

737 711 702 745 710 722 724 747 754 773 765 835 791 791

168

185 166 208

214 172

221 175 144

234 167

211 160 170 174

182 163 190

135

135 128 111

96 102

124 107 131

102 132

67 88

103 68

87 91

112 60 58

100

44 65 112

110

162 144 121

22

123 160

54 83

55

0

200

400

600

800

1,000

1,200

1,400

Q2 11(excl.FS)

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15

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

1,400

1,200

1,000

f L4Q:

796 f L4Q:

749 f L4Q:

719

Order Intake Development by size since Q2 2011

engineering for a better world

Regional Sales Split as of Q2 2015 LTM:

GEA Presentation Results Q2 2015 - July 29th, 2015

North America

D YoY adj.: +3%

18%

7

Eastern Europe

& CIS

8%

D YoY adj.: +2%

Western Europe

36%

D YoY adj.: +5%

Latin America

D YoY adj.: -3%

6%

Africa

D YoY adj.: +13%

4%

Middle East

D YoY adj.: -22%

3%

Asia-Pacific

D YoY adj.: -2%

25%

Emerging Markets1

36%

D YoY adj.: -4%

Top-3-Countries

USA: 17% (15%)

D YoY adj.: +2%

China: 10% (10%)

D YoY adj.: -1%

Germany: 10% (9%)

D YoY adj.: +10%

1 According to the definition of emerging/developing economies by International Monetary Fund.

Note: adjusted = before currency translation and structural effects

engineering for a better world

Sales by Customer Industry LTM: Good growth from dairy sector

GEA Presentation Results Q2 2015 - July 29th, 2015 8

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

Note: Adjusted growth rates per customer industry are only available since Q1 2011

14% (14%)

24% (23%)

22% (22%)

12% (14%)

12% (12%)

16% (15%)

Sales LTM

as of Q2 2015:

EUR 4,604m

+1% adj. YoY

Dairy Farming

D +6% adj. YoY

Food

D +2% adj. YoY

Beverages

D -16% adj. YoY

Other Industries

D +6% adj. YoY

Pharma/

Chemical

D -3% adj. YoY Dairy

Processing

D +6% adj. YoY

60%

100%

140%

180%

220%

Dairy Farming Dairy Processing GEA Group

60%

100%

140%

180%

220%

Food Beverages GEA Group

Adjusted Sales CAGR 10-14: +15%

Adjusted Sales CAGR 10-14: +9%

Adjusted Sales CAGR 10-14: +4%

Adjusted Sales CAGR 10-14: +3%

60%

100%

140%

180%

220%

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Pharma/Chemical Other Industries GEA Group

Adjusted Sales CAGR 10-14: +7% Adjusted Sales CAGR 10-14: +5%

GEA Group Adjusted Sales CAGR 09-14: +6%

Note: adjusted = before currency translation and structural effects

engineering for a better world

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

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

Book to Bill categories

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

Book to Bill Ratio > 1 in Pharma/Chemical driven by strong West European business

GEA Presentation Results Q2 2015 - July 29th, 2015 9

Book to bill ratio (L4Q)

Q2 2015

Dairy Farming 1.00 5.1% 0.90 1.0% 1.00 5.3% 0.99 1.0% 0.34 0.0% 0.83 0.0% 1.14 1.8% 1.00 14.3%

Dairy Processing 0.83 7.8% 1.50 2.3% 0.66 1.9% 0.78 1.3% 0.70 0.5% 1.72 1.3% 1.08 7.9% 0.95 23.0%

Food 1.02 9.5% 0.90 2.0% 1.04 3.8% 1.00 1.2% 0.91 1.4% 0.90 0.8% 0.95 3.2% 0.99 21.8%

Beverages 0.94 3.3% 1.05 1.4% 0.97 1.5% 1.16 0.9% 0.73 0.6% 0.60 0.2% 1.38 4.5% 1.07 12.4%

Food & Beverages 0.94 25.7% 1.08 6.6% 0.93 12.5% 0.95 4.5% 0.82 2.6% 1.18 2.2% 1.12 17.4% 0.99 71.5%

Pharma 1.35 3.2% 1.92 0.6% 1.04 1.1% 0.93 0.4% 2.24 0.1% 0.59 0.2% 0.93 2.2% 1.13 7.7%

Chemical 1.20 1.5% 0.92 0.1% 0.83 1.0% 0.82 0.2% 2.90 0.3% 2.75 0.4% 0.98 2.0% 1.08 5.5%

Pharma/Chemical 1.30 4.7% 1.59 0.7% 0.93 2.2% 0.90 0.6% 2.76 0.4% 1.34 0.6% 0.95 4.1% 1.11 13.2%

Environment 1.03 1.6% 1.42 0.4% 1.13 0.8% 1.57 0.3% 1.16 0.1% 0.92 0.1% 1.03 1.2% 1.10 4.5%

Oil & Gas 0.62 0.5% 1.07 0.7% 1.16 0.9% 0.71 0.0% 0.33 0.0% 1.42 0.3% 0.45 0.5% 0.81 2.9%

Marine 0.95 1.4% 0.99 0.1% 1.13 0.2% 0.67 0.1% 1.00 0.0% 1.77 0.1% 0.87 1.2% 0.93 3.0%

Power 0.40 0.1% 1.70 0.1% 0.40 0.1% 0.95 0.1% 0.90 0.1% 1.21 0.4% 1.13 0.1% 0.83 1.0%

Others 1.03 1.4% 0.93 0.4% 0.95 0.3% 0.99 0.2% 0.95 0.0% 1.15 0.2% 1.07 1.4% 1.03 3.8%

Other Industries 0.92 4.9% 1.12 1.6% 1.05 2.3% 1.09 0.7% 0.83 0.3% 1.25 1.0% 0.88 4.4% 0.96 15.3%

Total 0.97 35.3% 1.12 8.9% 0.94 17.0% 0.96 5.7% 0.89 3.2% 1.22 3.8% 1.04 26.0% 1.00 100.0%

Western

EuropeEastern Europe & CIS North America Latin America Africa Middle - East Asia - Pacific Total

engineering for a better world

Order Backlog: Continues to increase

10 GEA Presentation Results Q2 2015 - July 29th, 2015

1,200 1,350 1,300 1,350

701

735 837 845

Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15

[EURm]

1.07 1.05 1.07 1.08 1.01 1.00 1.06 1.05 1.07 1.05 1.02 1.01 1.00

2,087

1,901 1,932 1,830

2,136 2,015

2,085 1,983

2,137 2,185

2,038

2,256

LTM BtB ratio #

2,195

Order Backlog invoicable in respective FY Order Backlog invoicable after respective FY

engineering for a better world

ROCE Development: tends to improve before one-offs

11 GEA Presentation Results Q2 2015 - July 29th, 2015

Note: 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)

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

[EURm]

1,830 1,873 1,887 1,890 1,891 1,886 1,895 1,900 1,912 1,929 1,943 1,974 2,007

18.6% 18.6%

16.7%

18.8% 19.3% 19.6%

22.1% 22.6% 22.9% 23.2% 22.6% 22.7%

16.4%

24.7% 25.0% 25.6% 26.4% 26.6% 26.7%

Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15

Capital Employed (average LTM) ROCE (average LTM) op. ROCE (average LTM)

engineering for a better world

Working Capital to sales ratio around 12%

12 GEA Presentation Results Q2 2015 - July 29th, 2015

[EURm]

449 460

395

523 521 511

356

515 521 538

363

535

590 548

424

588 583

11.0% 11.3% 11.4% 12.1%

12.8% 12.9% 12.7% 12.2% 11.9% 11.7% 11.7% 11.8% 11.9% 12.1% 12.1% 12.2% 12.3%

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15

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

engineering for a better world

Cash Flow Driver Margin: slight improvement before one-offs

13 GEA Presentation Results Q2 2015 - July 29th, 2015

-147 -132 -88 -26 10 33 19 -1 -19 -38 -41 -47 -43

436 441 420 462 471 478 515 527 536 546 540 550

433

-116 -120 -125

-126 -126 -124 -120 -122 -123 -114 -94 -92 -87

4.3% 4.6% 5.0%

7.4% 8.3%

9.0% 9.6% 9.3% 9.0% 8.8% 9.0% 9.0%

6.6%

9.7% 9.3% 9.3% 10.1% 10.2% 10.5%

Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15

Delta Working Capital (Average LTM) EBITDA (LTM) Capex (LTM) Cash Flow Driver Margin (LTM) op. Cash Flow Driver Margin (LTM)

EBITDA Capex D Working Capital (Average LTM)

Sales Sales Sales - - +

[EURm]

1 Operating Cash Flow Driver Margin is based on operating EBITDA, not on reported EBITDA

1

engineering for a better world

Net Liquidity reconciliation

[EURm]

-134.7

-130.7

-27.2

-115.9

-86.9

-91.6

603.4

-134.1

-643.4

-551.8

Net Cash 30.06.2015

Proceeds from HX-Sale Net of Transaction Costs 1,030.1

Dividend

Effects from Acquisitions

Net Debt 30.06.2014 incl. HX

Capex

Taxes / Interests

256.1

433.3

Others (therein EUR 91.3m translation impact)

Net Debt 30.06.2014 w/o HX

Discontinued Operations (w/o HX)

EBITDA

Net Debt bef. DOP, M&A and Dividend

22.7

Elimination Net Cash Position HX

Delta Working Capital

Cash generation LTM: ~ EUR 418m

GEA Presentation Results Q2 2015 - July 29th, 2015 14

D +EUR 418m excl.

EUR 91.3m

translation impact

1therein cash with maturity 6-12 months (EUR 200m)

1

engineering for a better world

Service Business as of Q2 2015 LTM: 28% of Sales

15

Sales growth YoY of +10.7% (+6.3% adjusted)

[EURm]

1,172

761

425

1,297

861

484

GEA Group GEA Equipment GEA Solutions

D +11%

(+6% adjusted)

D +13%

(+9% adjusted)

D +14%

(+10% adjusted)

27% 28% 34% 36% 18% 20%

Q2 2014 LTM Q2 2015 LTM Share of Service Sales %

GEA Presentation Results Q2 2015 - July 29th, 2015

Note: adjusted = before currency translation and structural effects

engineering for a better world

“Fit for 2020“ continues to proceed on track

16 GEA Presentation Results Q2 2015 - July 29th, 2015

Thousands of customers appreciated information pointing out why more is in it for

them in the new set-up

Go-live of new organizational architecture happened in early June 2015

Front-loaded implementation: one-off charges of about € 134m in Q2

Downsizing has started

engineering for a better world

Provided that there is no decline in global economic growth and a constant currency

basis compared to FY 2014, and without taking into account the impact of acquisitions

and one-off effects, we are aiming in FY 2015 for:

2015 EBITDA guidance to take “Fit for 2020” savings into account / other elements confirmed

GEA Presentation Results Q2 2015 - July 29th, 2015 17

Sales

moderate organic

growth

Operating EBITDA (EURm)

580 – 620 (before “Fit for 2020”)

Cash Flow Driver Margin

9.0% - 9.5%

Savings “Fit for 2020” (EURm)

10 - 20

Operating EBITDA (EURm)

590 – 640 (new target 2015)

engineering for a better world

Additional Financial Information for FY 2015

GEA Presentation Results Q2 2015 - July 29th, 2015 18

Depreciation

& Amortization

(incl PPA) (EURm)

around

90

Thereof

impact from

PPA in 2015

and in

subsequent

years (EURm)

around

23 p.a.

Interests

Financial

Liabilities (EURm)

below

17

Dividend Policy

Payout ratio

40-50% of net income

DPS not to be

affected by “Fit

for 2020”

charges

Working

Capital LTM

(of sales

LTM)

around

12%

Target Capex

Level

(of sales)

max.

2%

Tax Rate

around

22%

engineering for a better world

Financial Targets

FY 2014 - 2020

CAGR Organic Sales Growth FY 2014 - FY 2020: 4% to 6%

FY 2017 - 2020

Service to Sales Ratio: ~30%

Operating EBIT Margin: 13% to 16%

Working Capital to Sales Ratio: 10% to 12%

Capex to Sales Ratio: 1.5% to 2.0%

Cash Flow Driver Margin: 12% to 15%

ROCE: 20% to 25%

Net Effective Tax Rate: 24%

GEA Presentation Results Q2 2015 - July 29th, 2015 19

engineering for a better world

Aug 14, 2015 Roadshow Canada Montreal Baader-Helvea

Aug 13, 2015 Roadshow USA Boston Berenberg

Aug 18, 2015 Roadshow Poland Warsaw Erste Bank

Investor Relations Calendar Upcoming Roadshows and Conferences

Aug 25, 2015 Conference Finland Helsinki Deutsche Bank

2 0 1 5

GEA Presentation Results Q2 2015 - July 29th, 2015 20

Aug 11 - 12, 2015 Conference USA NYC Jefferies

July 30 - 31, 2015 Roadshow UK London HSBC

engineering for a better world

Sept 08, 2015 Conference UK London Credit Suisse

Sept 02, 2015 Roadshow Copenhagen Denmark Danske Bank

Sept 09, 2015 Roadshow France Paris Exane

Sept 10 - 11, 2015 Conference UK London Morgan Stanley

Investor Relations Calendar Upcoming Roadshows and Conferences

Sept 10, 2015 Investor Days BeNeLux Amsterdam UBS

2 0 1 5

GEA Presentation Results Q2 2015 - July 29th, 2015 21

engineering for a better world

Sept 17, 2015 Conference Germany Frankfurt equinet

Sept 29, 2015 Conference UK London Bernstein

Sept 22 - 23, 2015 Conference Germany Munich Baader Bank

Sept 30, 2015 Roadshow Scotland Edinburgh Kepler

Oct 01, 2015 Investor Forum Italy Milan J.P. Morgan

Investor Relations Calendar Upcoming Roadshows and Conferences

Sept 30, 2015 Roadshow Germany Frankfurt Commerzbank

2 0 1 5

GEA Presentation Results Q2 2015 - July 29th, 2015 22

engineering for a better world

Financial Calendar

2 0 1 5

GEA Presentation Results Q2 2015 - July 29th, 2015 23

Oct 28, 2015 Interim Report Q3 2015 Düsseldorf

engineering for a better world

Order Intake Development by Size

619 705 686 669 737 711 702 745 710 722 724 747 754 773 765 835 791 791

168 185 166 208

214 172 221 175 144 234 167 211 160 170 174 182 163 190 135

135 128 111 96

102 124 107 131 102 132 67 88 103 68

87 91 112

60 58 100

44 65

112 110

162 144 121 22 123 160 54 83 55

0

200

400

600

800

1000

1200

1400

Q211

Q2112

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

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

9.0%

10.3% 10.3% 10.9%

11.6%

0%

2%

4%

6%

8%

10%

12%

0

1000

2000

3000

4000

5000

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Order Intake Sales Operating EBIT Margin

Sales by Customer

Industry

36%

25%

18%

8%

6% 3% 4%

Western Europe

Asia-Pacific

North America

Eastern Europe&CIS

Latin America

Middle East

Africa

14%

24%

22%

12%

12%

16%

Dairy Farming

Dairy Processing

Food

Beverages

Pharma/Chemical

Other Industries

[in EUR million] Q2 2014 Q2 2015 ∆ YoY Q1-Q2

2014

Q1-Q2

2015 ∆ YoY

Order Intake

adjusted1 1,169.9 1,148.8 -1.8%

-8.9% 2,194.2 2,276.2

+3.7%

-2.6%

Sales

adjusted1 1,117.7 1,150.1 +2.9%

-4.1% 2,068.3 2,156.5

+4.3%

-2.7%

Order Backlog 2,137.2 2,195.5 +2.7% 2,137.2 2,195.5 +2.7%

Operating EBITDA 128.0 139.3 +8.8% 213.2 237.4 +11.4%

Operating EBITDA-

Margin 11.5% 12.1% +65 bps 10.3% 11.0% +70 bps

Operating EBIT 109.3 119.8 +9.6% 176.1 198.6 +12.7%

Operating EBIT-Margin 9.8% 10.4% +63 bps 8.5% 9.2% +69 bps

Operating ROCE

(LTM)2 25.0% 26.7% +168 bps 25.0% 26.7% +168 bps

Order Intake, Sales, and Operating

EBIT Margin (LTM)

GEA Group

25 GEA Presentation Results Q2 2015 - July 29th, 2015

[EURm] [EURm]

LTM as of

Q2 2015:

EUR 4,604m

+1% adj. YoY

LTM as of

Q2 2015:

EUR 4,604m

+1% adj. YoY

+9% / +6% adj.

-12% / -16% adj.

+5% / +2% adj.

+11% / +6% adj.

+10% / +6% adj.

Δ YoY

-21% / -22% adj.

-2% / +2% adj. +14% / +3% adj. +3% / -2% adj. +7% / +5% adj.

Δ YoY -2% / -3% adj.

+14% / +13% adj.

+2% / -3% adj.

Sales by Region

1Adjusted = before currency translation and structural effects 2 Operating ROCE (LTM) = op. EBIT (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM)

3,000

4,000

5,000

2,000

1,000

1,000

1,200

1,400

w/o FS Incl.FS

engineering for a better world

Sales by Customer

Industry [in EUR million] Q2 2014 Q2 2015 ∆ YoY

Q1-Q2

2014

Q1-Q4

2015 ∆ YoY

Order Intake

adjusted1 569.7 573.0 +0.6%

-6.0% 1,144.7 1,159.6

+1.3%

-4.9%

Sales

adjusted1 565.4 587.9 +4.0%

-2.5% 1,060.8 1,114.8

+5.1%

-1.1%

Order Backlog 624.1 581.4 -6.9% 624.1 581.4 -6.9%

Operating EBITDA 71.7 84.5 +17.7% 128.0 151.8 +18.7%

Operating EBITDA-

Margin 12.7% 14.4% +168 bps 12.1% 13.6% +156 bps

Operating EBIT 59.3 71.5 +20.5% 103.4 125.8 +21.7%

Operating EBIT-Margin 10.5% 12.2% +167 bps 9.7% 11.3% +154 bps

Operating ROCE

(LTM)2 18.7% 20.9% +223 bps 18.7% 20.9% +223 bps

GEA Equipment

26 GEA Presentation Results Q2 2015 - July 29th, 2015

Sales by Region

Order Intake Development by Size

493 518 513 501

539 538 528 538 560 548

19

45 35

42

30 32 30

27

27 25

5

8 8 11

6 7 21

17

18

420

450

480

510

540

570

600

Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15

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

12.3% 12.4% 12.4% 12.4% 12.8% 13.1% 13.5%

0%

2%

4%

6%

8%

10%

12%

14%

0

500

1,000

1,500

2,000

2,500

Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15

Order Intake Sales Operating EBIT Margin

Order Intake, Sales, and Operating

EBIT Margin (LTM) [EURm] [EURm]

30%

9%

30%

6%

6%

19%

Dairy Farming

Dairy Processing

Food

Beverages

Pharma/Chemical

Other Industries

LTM as of

Q2 2015:

EUR 2,362m

+4% adj. YoY

+7% / +4% adj.

+9% / +4% adj.

+7% / +4% adj.

+8% / +4% adj.

+10% / +6% adj.

Δ YoY

0% / -3% adj.

37%

21%

23%

7%

7% 3% 3%

Western Europe

Asia-Pacific

North America

Eastern Europe&CIS

Latin America

Middle East

Africa

LTM as of

Q2 2015:

EUR 2,362m

+4% adj. YoY

-4% / -3% adj.

-1% / +4% adj. +16% / +4% adj. +6% / +2% adj. +6% / +5% adj.

Δ YoY +5% / +7% adj.

+23% / +23% adj.

1Adjusted = before currency translation and structural effects 2 Operating ROCE (LTM) = op. EBIT (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM)

engineering for a better world

Sales by Customer

Industry

37%

15% 17%

18%

13%

Dairy Processing

Food

Beverages

Pharma/Chemical

Other Industries

36%

28%

14%

9%

5% 3% 4%

Western Europe

Asia-Pacific

North America

Eastern Europe&CIS

Latin America

Middle East

Africa

[in EUR million] Q2 2014 Q2 2015 ∆ YoY Q1-Q2 2014 Q1-Q2 2015 ∆ YoY

Order Intake

adjusted1 652.4 628.9 -3.6%

-10.9% 1,154.5 1,217.2

+5.4%

-0.7%

Sales

adjusted1 603.3 612.9 +1.6%

-5.8% 1,105.4 1,139.0

+3.0%

-4.3%

Order Backlog 1,551.9 1,652.9 +6.5% 1,551.9 1,652.9 +6.5%

Operating EBITDA 57.8 58.1 +0.5% 92.0 90.4 -1.8%

Operating EBITDA

Margin 9.6% 9.5% -11 bps 8.3% 7.9% -39 bps

Operating EBIT 53.1 53.3 +0.2% 82.9 80.7 -2.6%

Operating EBIT

Margin 8.8% 8.7% -12 bps 7.5% 7.1% -41 bps

Operating ROCE

(LTM)2 61.4% 59.9% -152 bps 61.4% 59.9% -152 bps

GEA Solutions

LTM as of

Q2 2015:

EUR 2,438m

-1% adj. YoY

LTM as of

Q2 2015:

EUR 2,438m

-1% adj. YoY

Sales by Region

+12% / +10% adj.

+3% / -2% adj.

-17% / -20% adj.

+3% / -1% adj.

+12% / +7% adj.

-33% / -35% adj.

-2% / +1% adj. +12% / +2% adj. +1% / -5% adj. +8% / +5% adj.

-8% / -13% adj.

+9% / +8% adj.

Order Intake Development by Size

265 253 257 290 268 288 279 348

278 296

126 189 133 170

130 138 146 155

137 166

126 95

124 56

82 103 61

66 91

112 94

162 127 121 22

123 160 54 83

55

0

100

200

300

400

500

600

700

800

Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15

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

9.2% 9.3% 9.5% 9.7% 10.5% 10.3% 10.2%

0%

2%

4%

6%

8%

10%

12%

0

500

1,000

1,500

2,000

2,500

3,000

Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15

Order Intake Sales Operating EBIT Margin

Order Intake, Sales, and Operating

EBIT Margin (LTM)

27 GEA Presentation Results Q2 2015 - July 29th, 2015

[EURm] [EURm]

Δ YoY Δ YoY

1Adjusted = before currency translation and structural effects 2 Operating ROCE (LTM) = op. EBIT (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM)

engineering for a better world

Order Intake Q2 2015

GEA Presentation Results Q2 2015 - July 29th, 2015 28

[EURm]

Q2 2015 vs.

Q2 2014

Q1-Q2 2015 vs.

Q1-Q2 2014

Q2 2015 vs.

Q1 2015

∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in %

Order Intake

previous period 1,170 2,194 1,127

Structural Change +6 +0.5 % +8 +0.4 % +6 +0.6 %

Currency Translation +77 +6.6 % +131 +6.0 % +12 +1.0 %

At Constant Currencies -104 -8.9 % -57 -2.6 % +3 +0.3 %

Order Intake

current period 1,149 -1.8% 2,276 +3.7% 1,149 +1.9 %

engineering for a better world

Sales Q2 2015

GEA Presentation Results Q2 2015 - July 29th, 2015 29

[EURm]

Q2 2015 vs.

Q2 2014

Q1-Q2 2015 vs.

Q1-Q2 2014

Q2 2015 vs.

Q1 2015

∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in %

Sales

previous period 1,118 2,068 1,006

Structural Change +6 +0.5 % +10 +0.5 % +6 +0.6 %

Currency Translation +73 +6.5 % +134 +6.5 % +10 +1.0 %

At Constant Currencies -46 -4.1 % -56 -2.7 % +128 +12.7 %

Sales

current period 1,150 +2.9 % 2,157 +4.3 % 1,150 +14.3 %

engineering for a better world

Operating EBITDA Q2 2015

GEA Presentation Results Q2 2015 - July 29th, 2015 30

[EURm]

Q2 2015 vs.

Q2 2014

Q1-Q2 2015 vs.

Q1-Q2 2014

Q2 2015 vs.

Q1 2015

∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in %

Operating EBITDA

previous period 128 213 98

Structural Change 0 -0.2 % 0 -0.1 % 0 -0.3 %

Currency Translation +7 +5.7 % +12 +5.7 % +1 +1.0 %

At Constant Currencies +4 +3.3 % +12 +5.8 % +40 +41.2 %

Operating EBITDA

current period 139 +8.8 % 237 +11.4 % 139 +41.9 %

engineering for a better world

139

128

One-Offs Q2 2015

Reported

EBITDA

6

Q2 2015

Operating

EBITDA

Structural

Change

Currency

Translation

Q2 2015

Operating

EBITDA

before FX

132

At Constant

Currencies

Q2 2014

Operating

EBITDA

+4 +7 -133

+3.3% +5.7% -95.4%

GEA’s reported EBITDA impacted by FX and One-Offs

EBITDA bridge Q2 2015 [EURm]

GEA Presentation Results Q2 2015 - July 29th, 2015 31

0

-0.2%

engineering for a better world

FX Development Q2 2015 YoY

Currency % total Q2 2015

sales

EUR 45 %

USD 18 %

CNY 7 %

GBP 5 %

NZD 4 %

DKK 3 %

SGD 3 %

PLN 2 %

BRL 2 %

AUD 1 %

CAD 1 %

GEA Presentation Results Q2 2015 - July 29th, 2015 32

FX Rates

Q2 2015

(average)

D FX YoY

Q2 2015 vs Q2

2014

- -

1.11 -19.4 %

6.86 -19.8 %

0.72 -11.5 %

1.51 -5.0 %

7.46 0.0 %

1.48 -13.6 %

4.09 -2.0 %

3.39 +11.0 %

1.42 -3.4 %

1.36 -9.2 %

FX Rates

H1 2015

(average)

D FX YoY

H1 2015 vs H1

2014

- -

1.12 -18.6 %

6.94 -17.8 %

0.73 -10.8 %

1.51 -6.7 %

7.46 -0.1 %

1.51 -12.8 %

4.14 -0.8 %

3.31 +5.1 %

1.43 -4.8 %

1.38 -8.3 %

engineering for a better world

Working Capital Development

GEA Presentation Results Q2 2015 - July 29th, 2015 33

[EURm]

623

562

637

943

946

994

517

640

561

459

444

487

590

424

583

Trade

Receivables Inventories

Trade

Payables

Advance

Payments

Working

Capital

Q4 2014

Q2 2015

+48

+5%

+75

+13%

-78

-12%

+43

+10%

+159

+37%

Q2 2014

+3

+0%

-62

-10%

+122

+24%

-15

-3%

-166

-28%

=

=

=

engineering for a better world

Key Figures Time Line (1/4)

GEA Presentation Results Q2 2015 - July 29th, 2015 34

Order Intake

[in EUR million]Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment 533.3 570.6 573.2 553.1 2,230.2 574.9 569.7 564.7 585.8 2,295.1 586.5 573.0

BA Solutions 610.2 698.2 640.8 636.3 2,585.5 502.1 652.4 646.5 622.3 2,423.4 588.3 628.9

Consolidation / Others -48.5 -48.8 -45.6 -45.0 -187.8 -52.7 -52.2 -43.3 -50.6 -198.9 -47.4 -53.1

GEA Group 1,095.1 1,220.0 1,168.3 1,144.4 4,627.9 1,024.3 1,169.9 1,167.9 1,157.5 4,519.6 1,127.5 1,148.8

Order Backlog

[in EUR million]Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment 597.8 616.3 618.1 554.5 554.5 627.6 624.1 596.7 532.6 532.6 608.3 581.4

BA Solutions 1,413.9 1,502.7 1,553.0 1,492.1 1,492.1 1,496.7 1,551.9 1,623.6 1,540.2 1,540.2 1,684.4 1,652.9

Consolidation / Others -29.2 -33.8 -35.0 -31.1 -31.1 -37.6 -38.8 -34.9 -35.2 -35.2 -36.7 -38.8

GEA Group 1,982.6 2,085.3 2,136.2 2,015.5 2,015.5 2,086.7 2,137.2 2,185.4 2,037.6 2,037.6 2,256.0 2,195.5

Sales

[in EUR million]Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment 465.4 533.2 554.4 610.9 2,164.0 495.4 565.4 598.3 648.5 2,307.6 527.0 587.9

BA Solutions 503.7 575.2 579.3 680.1 2,338.3 502.2 603.3 594.9 704.0 2,404.3 526.0 612.9

Consolidation / Others -45.0 -43.8 -44.6 -48.9 -182.2 -46.9 -51.0 -47.3 -51.0 -196.2 -46.6 -50.7

GEA Group 924.2 1,064.6 1,089.1 1,242.2 4,320.0 950.7 1,117.7 1,146.0 1,301.4 4,515.7 1,006.4 1,150.1

Adjusted1) Sales Growth YoY

[in %]Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment n.a. n.a. n.a. n.a. n.a. 9.7% 9.0% 8.5% 5.3% 8.0% 0.8% -2.5%

BA Solutions n.a. n.a. n.a. n.a. n.a. 2.4% 7.6% 2.0% 2.2% 3.5% -2.5% -5.8%

Consolidation / Others 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 Group 5.0% 8.0% 6.2% 6.5% 6.5% 6.0% 7.9% 5.2% 3.6% 5.6% -0.9% -4.1%

Book-to-Bill Ratio LTM

(rolling last 12 months)Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment n.a. n.a. n.a. 1.03 1.03 1.04 1.02 1.00 0.99 0.99 0.99 0.98

BA Solutions n.a. n.a. n.a. 1.11 1.11 1.06 1.03 1.02 1.01 1.01 1.03 1.02

Consolidation / Others 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 Group 1.05 1.07 1.08 1.07 1.07 1.05 1.02 1.01 1.00 1.00 1.01 1.00

engineering for a better world

Key Figures Time Line (2/4)

GEA Presentation Results Q2 2015 - July 29th, 2015 35

Operating EBITDA

[in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment 48.3 65.9 84.0 113.1 311.2 56.2 71.7 90.0 131.2 349.2 67.4 84.5

BA Solutions 32.1 52.2 53.5 96.9 234.7 34.2 57.8 60.3 117.5 269.8 32.3 58.1

Consolidation / Others -7.9 0.3 -3.9 -4.2 -15.8 -5.3 -1.5 -1.3 -20.3 -28.4 -1.5 -3.3

GEA Group 72.4 118.4 133.5 205.7 530.1 85.1 128.0 149.0 228.5 590.7 98.2 139.3

Operating EBITDA - Margin

[in %] Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment 10.4% 12.4% 15.1% 18.5% 14.4% 11.4% 12.7% 15.0% 20.2% 15.1% 12.8% 14.4%

BA Solutions 6.4% 9.1% 9.2% 14.2% 10.0% 6.8% 9.6% 10.1% 16.7% 11.2% 6.1% 9.5%

GEA Group 7.8% 11.1% 12.3% 16.6% 12.3% 9.0% 11.5% 13.0% 17.6% 13.1% 9.8% 12.1%

EBITDA reported

[in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment 48.0 65.9 84.0 113.1 311.0 56.2 71.7 85.2 125.6 338.8 64.5 27.6

BA Solutions 32.1 52.2 53.5 96.9 234.7 34.2 57.8 58.6 117.8 268.5 31.7 31.1

Consolidation / Others -9.0 -4.3 -7.5 -9.6 -30.5 -7.4 -6.5 -3.9 -49.6 -67.4 -3.1 -52.3

GEA Group 71.1 113.8 130.0 200.3 515.2 83.0 123.1 140.0 193.9 539.9 93.0 6.4

Operating EBIT

[in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment 38.1 55.2 72.6 100.2 266.0 44.0 59.3 77.4 115.6 296.4 54.3 71.5

BA Solutions 27.4 47.6 48.7 92.5 216.1 29.8 53.1 55.7 113.2 251.8 27.5 53.3

Consolidation / Others -10.0 -1.8 -5.7 -5.8 -23.3 -7.0 -3.1 -2.9 -21.7 -34.7 -3.0 -5.0

GEA Group 55.4 101.0 115.6 186.8 458.8 66.8 109.3 130.2 207.2 513.5 78.8 119.8

Operating EBIT - Margin

[in %] Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment 8.2% 10.4% 13.1% 16.4% 12.3% 8.9% 10.5% 12.9% 17.8% 12.8% 10.3% 12.2%

BA Solutions 5.4% 8.3% 8.4% 13.6% 9.2% 5.9% 8.8% 9.4% 16.1% 10.5% 5.2% 8.7%

GEA Group 6.0% 9.5% 10.6% 15.0% 10.6% 7.0% 9.8% 11.4% 15.9% 11.4% 7.8% 10.4%

EBIT reported

[in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment 32.7 50.2 67.5 95.1 245.5 38.9 54.5 67.8 105.2 266.4 46.5 8.1

BA Solutions 26.5 46.7 47.8 91.2 212.2 28.9 52.3 53.1 112.8 247.0 25.7 24.9

Consolidation / Others -11.1 -6.5 -9.3 -11.2 -38.1 -9.1 -8.1 -5.5 -50.9 -73.6 -4.7 -54.0

GEA Group 48.1 90.4 106.0 175.1 419.6 58.7 98.7 115.4 167.0 439.9 67.5 -20.9

engineering for a better world

Key Figures Time Line (3/4)

GEA Presentation Results Q2 2015 - July 29th, 2015 36

Capital Employed w/o

goodwill2) (average LTM)

[in EUR million]

Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment n.a. n.a. n.a. 1,454.9 1,454.9 1,466.1 1,480.1 1,494.7 1,506.2 1,506.2 1,519.8 1,526.8

BA Solutions n.a. n.a. n.a. 371.3 371.3 365.4 365.027 370.2 375.5 375.5 391.0 417.1

Consolidation / Others n.a. n.a. n.a. 68.8 68.8 68.8 66.9 64.1 61.8 61.8 63.2 62.8

GEA Group 1,890.1 1,890.6 1,886.5 1,895.0 1,895.0 1,900.2 1,912.0 1,929.0 1,943.4 1,943.4 1,974.0 2,006.7

ROCE w/o goodwill3) LTM

[in%]Q1 13 Q2 13 Q3 13 Q4 13 2013 Q1 14 Q2 14 Q3 14 Q4 14 2014 Q1 15 Q2 15

BA Equipment n.a. n.a. n.a. 16.9% 16.9% 17.2% 17.3% 17.2% 17.7% 17.7% 18.0% 14.9%

BA Solutions n.a. n.a. n.a. 57.1% 57.1% 58.7% 60.3% 60.9% 65.8% 65.8% 62.4% 51.9%

GEA Group 18.8% 19.3% 19.6% 22.1% 22.1% 22.6% 22.9% 23.2% 22.6% 22.6% 22.7% 16.4%

engineering for a better world

Key Figures Time Line (4/4): Remarks

1) Adjusted Sales Growth = before currency translation and structural change

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).

GEA Presentation Results Q2 2015 - July 29th, 2015 37