gea%20group%20q4 presentation%20fy%202011 neu tcm11 25551

GEA Group

Düsseldorf, March 12, 2012

Q4 2011 Presentation Results FY 2011

engineering for a better world

Disclaimer

Q4 Presentation Results FY 2011 - March 12, 2012

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%.

Since Q1 2012, the segment, GEA Convenience-Food Technologies (GEA CT), is renamed as GEA Food Solutions (GEA FS).

2


Order Intake Pages 7, 8 Q4 2011 incl. GEA FS: +20% yoy Q4 2011 w/o GEA FS: +11% yoy

Sales Pages 7, 8 Q4 2011 incl. GEA FS: +26% yoy Q4 2011 w/o GEA FS: +16% yoy

Dividend Proposal of 0.55 EUR per share

Underlying EBIT (before ppa) Pages 7, 8 Q4 2011 incl. GEA FS: +44% yoy

Q4 2011 w/o GEA FS: +36% yoy

Cash generation capacity Pages 20, 21 Strong cash generation in Q4 2011

Net debt of EUR 387m

Outlook 2012 Pages 29-31 Growth to continue

Key Messages of FY 2011 Results

EPS EUR 1.70 per share

Underlying EBIT-Margin (before ppa) Pages 7, 8 Q4 2011 incl. GEA FS: 12.7%; +151 bps

Q4 2011 w/o GEA FS: 13.1%; +193 bps

3 Q4 Presentation Results FY 2011 - March 12, 2012


Agenda

4

January – December 2011

I. Key Figures

II. Performance

Backup

Performance GEA Group and Segments


III. Outlook


What we promised … … is what we delivered!

I. Key Figures GEA Group is delivering on its promises (1/2)

Order intake w/o GEA FS: between EUR 5,100m and EUR 5,300m Q1-Q4 2011: EUR 5,280m

Sales w/o GEA FS: between EUR 4,800m and EUR 5,000m Q1-Q4 2011: EUR 5,071m

EBIT-margins bef. ppa w/o GEA FS: between 9,3% and 9,5% Q1-Q4 2011: 10.0%

Order intake and sales GEA FS: around EUR 300m

OI Q2-Q4 2011: EUR 330m Sales: Q2-Q4 2011: EUR 346m

GEA FS EBIT-margin before ppa and one-off expenses between 8.5% and 9.0%

Q2-Q4 2011: 8.6% before one-off expenses of around EUR 10m



What we promised … … is what we delivered!

I. Key Figures GEA Group is delivering on its promises (2/2)

Ongoing acquisitions mainly in food applications CFS, Bock, NuCon, San Joaquin

Sufficient provisions for discontinued operations

No impact on the Group result in 2011

Strong focus on working capital management

WC/Sales EOP: 10.7% WC/Sales LTM: 12.6%

Reduction of Net Debt position down to around EUR 500m Net Debt: EUR 387m

Cash out guidance DOP: EUR 80m Q1-Q4 2011: EUR 38m



54 69 74 109 95

139 144

207

2010³ 2011

Q4

Q3

Q2

Q178 92 98 135 118

166 169

237

2010³ 2011

Q4

Q3

Q2

Q1

938 1,038

1,065 1,349

1,125 1,397

1,290

1,632

2010 2011

Q4

Q3

Q2

Q1

7

1,010 1,242

1,167 1,463

1,153 1,403

1,248

1,502

2010 2011

Q4

Q3

Q2

Q1

Order Intake ∆ +23%

5,610 4,578

Sales ∆ +23%

5,417 4,418

EBIT before PPA² ∆ +43%

525

367

EBITDA before PPA¹ ∆ +36%

630

463

I. Key Figures GEA Group Q1-Q4 2011 YoY

∆ +7% QoQ

∆ +23%

∆ +25%

∆ +17%

∆ +38%

∆ +26% ∆ +49%

∆ +11%

∆ +27%

[in EUR million]

¹ 2010: before restructuring expenses; Q1-Q4 2010: EUR 98m. ² 2010: before restructuring expenses; Q1-Q4 2010: EUR 119m ³ The FY2010 result is restated retrospectively due to the change of the accounting method for defined benefit obligations (IAS 19) and Leasing within GEA FT.


∆ +22%

∆ +26%

∆ +41% ∆ +48%

∆ +17% QoQ

∆ +42% QoQ ∆ +49% QoQ

(∆ w/o FS: +15%) (∆ w/o FS: +15%)

(∆ w/o FS: +30%) (∆ w/o FS: +38%)

∆ +20%

∆ +24%

∆ +44% ∆ +40%


171 182

402 497

202 240

410 464

135 154 131

Q4 2010 Q4 2011

GEA FS

GEA FT

GEA HX

GEA ME

GEA PE

GEA RT

14 20 45

70 40

54 40

37 13

15 10

Q4 2010² Q4 2011

GEA FS

GEA FT

GEA HX

GEA ME

GEA PE

GEA RT

8

153 170

420 449

182 204

399 462

116 132 120

Q4 2010 Q4 2011

GEA FS

GEA FT

GEA HX

GEA ME

GEA PE

GEA RT

Order Intake ∆ +20%

1,502 1,248

∆ +26%

1,632 1,290

EBIT before PPA¹ ∆ +44%

207

144

I. Key Figures Segments Q4 2011 YoY

∆ +12%

∆ +16%

∆ +7%

∆ +12%

∆ +19%

∆ +13%

∆ +24%

∆ +6%

∆ +36%

∆ 11%

∆ -8%

Some Highlights in Q4 2011: Order Intake: GEA HX: +16% yoy, highest quarterly order intake since Q2 2008 GEA PE: +7% yoy, highest quarterly order intake since beginning of 2008

EBIT before PPA*: GEA ME: Extraordinary EBIT-Margin of 22.4% GEA RT: Very strong EBIT-margin improvement of +291 bps leading to 11.0% EBIT-Margin

[in EUR million]

¹ Q4 2010: before restructuring expenses of EUR 72m. ² The Q4 2010 result is restated retrospectively due to the change of the accounting method for defined benefit obligations (IAS 19) and Leasing within GEA FT.

∆ +13% ∆ +14%

∆ +56%

∆ +44%


(∆ w/o FS: +11%) (∆ w/o FS: +16%)

(∆ w/o FS: +36%)

Sales


II. Performance Order Intake Q4 2011

9

∆ abs. ∆ in %

∆ abs. ∆ in %

Q4 2011 vs. Q4 2010

Q1-Q4 2011 vs. Q1-Q4 2010

Q4 2011 vs. Q3 2011

Order Intake previous period 1,248 4,578 1,403

Structural Change +168 +13.5% +458 +10.0% +11 +0.8%

Currency Effects -4 -0.3% -52 -1.1% +10 +0.7%

Organic Development +90 +7.2% +626 +13.7% +78 +5.6%

Order Intake current period 1,502 +20.4% 5,610 +22.5% 1,502 +7.1%

∆ abs. ∆ in %

∆ abs. ∆ in %

∆ abs. ∆ in %

[in EUR million]



0 100 200 300 400 500

Q4 2010

Q1 2011

Q2 2011

Q3 2011

Q4 2011

10

II. Performance Regional Order Intake Trend per Q4 2011

0 500 1000 1500

Q4 2010

Q1 2011

Q2 2011

Q3 2011

Q4 2011

GEA Group

0 100 200 300 400 500

Q4 2010

Q1 2011

Q2 2011

Q3 2011

Q4 2011

0 100 200 300 400 500

Q4 2010

Q1 2011

Q2 2011

Q3 2011

Q4 2011

0 100 200 300 400 500

Q4 2010

Q1 2011

Q2 2011

Q3 2011

Q4 2011

0 100 200 300 400 500

Q4 2010

Q1 2011

Q2 2011

Q3 2011

Q4 2011

0 100 200 300 400 500

Q4 2010

Q1 2011

Q2 2011

Q3 2011

Q4 2011

0 100 200 300 400 500

Q4 2010

Q1 2011

Q2 2011

Q3 2011

Q4 2011

[in EUR million]


Eastern Europe & CIS

Latin America Asia Pacific

Western Europe North America

Middle East

Order intake from GEA FS since Q2 2011 is illustrated at the end of the bars.

Africa

∆ QoQ: +9% w/o FS: +14%

∆ YoY: +45% w/o FS: +34%

∆ QoQ: -9% w/o FS: -12%

∆ YoY: +3% w/o FS: -5%

∆ QoQ: +13% w/o FS: +8%

∆ YoY: -46% w/o FS: -49%

∆ QoQ: -4% w/o FS: -9%

∆ YoY: +54% w/o FS: +37%

∆ QoQ: +35% w/o FS: +39%

∆ YoY: +77% w/o FS: +69%

∆ QoQ: +9% w/o FS: +5%

∆ YoY: -42% w/o FS: -48%

∆ QoQ: -6% w/o FS: -8%

∆ YoY: +6% w/o FS: -7%

∆ QoQ: +7% w/o FS: +6%

∆ YoY: +20% w/o FS: +11%


Climate & Environment;

11%

Other Industries;

4%

Chemicals; 6%

Pharma; 5%

Power; 11%

Oil & Gas; 7%

Food & Beverage;

52%

Marine; 3%

55%

15%

20%

2% 1% 1% 6%

Africa

29%

19%

31%

4% 5%

10% 2%

Middle East

65% 17%

6% 2%

4% 2% 3%

Latin America

50%

5% 16%

6%

8%

6% 3% 5%

Asia Pacific

56%

8% 2%

5% 3%

2%

18%

6%


49%

3% 8% 5%

4% 4%

22%

5% Western Europe

11

II. Performance Regional Order Intake by Customer Industry (L4Q)

62%

7%

7%

6%

10% 1%

5% 2% North America

14% 10% 35%

7% 26%

3% 5%

Analysis including GEA FS. Due to rounding, the sum of percentages may vary from 100%.


100%

+ Δ OI yoy >= €50m

- Δ OI yoy <= €-50m

-

+ +

+

+

+ +


China: Beverage: Several

orders totaling EUR 80m

*Orders > EUR 10m

Brazil: Beverage:

Several orders totaling

EUR 53m

II. Performance Examples of major orders* during 2011

The Netherlands:

Dairy EUR 13m

India: Beverage: EUR 11m

Turkey: ACC Power EUR 27m

Germany: Dairy

EUR 16m

Food

Energy

Other

New Zealand: Dairy

EUR 41m

Australia: Dairy

EUR 26m

Australia: Meat

Processing EUR 14m

Mexico: ACC Power:

EUR 12m

Brazil: Oil & Gas: EUR 10m

USA: Power: Several orders totaling

EUR 30m

China: Pharma: EUR 11m

India: Dairy:

EUR 16m

Israel: ACC Power EUR 21m

Korea: Solid Food:

EUR 13m

China: Dairy:

EUR 10m

China: Power: Several orders totaling:

EUR 151m

Russia: Oil & Gas:

Several orders totaling

EUR 27m

Russia: Beverage EUR 16m



869 748 738 704 662 673 739 777 767 812 877 905

991 954 916

177

140 165 123

140 156

203 210 185

220 211 214

231 228 241

141

134 110 128

59 105

52 88 95

69 82

178

178 161 183 37

91 60 80

101 76

16

93 106 146 72

63

63 60

162

0

200

400

600

800

1.000

1.200

1.400

1.600

Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 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

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

II. Performance Large Order Development since Q3 2008

13

[in EUR million]


1,600

1,400

1,200

1,000


37% (40%)

22% (22%)

13% (14%)

10% (9%)

7% (6%)

5% (5%)

5% (4%)

Emerging markets* exposure: 34% (33%)

∆ abs.: +28% YoY (average of Dow Jones and MSCI

definition*)

Sales Q1-Q4 2011: EUR 5,417m

+23% YoY

II. Performance Regional Sales Split Q1-Q4 2011 (Q1-Q4 2010)

14

Germany 11% (12%) ∆ abs.: +8% YoY

USA 12%(12%) ∆ abs.: +18% YoY

China 11% (12%) ∆ abs.: +13% YoY

Top 3 Countries

Western Europe ∆ abs.: +15% YoY

Asia-Pacific ∆ abs.: +23% YoY

North America ∆ abs.: +16% YoY

Latin America ∆ abs.: +41% YoY

Eastern Europe & CIS ∆ abs.: +35% YoY

Middle East ∆ abs.: +76% YoY Africa

∆ abs.: +22% YoY


* Dow Jones emerging markets index consists of 35 countries thereof 20 are GEA relevant; MSCI defines 21 countries as emerging markets thereof 17 are GEA relevant.


27% 26%

10% 8% 13%

20% 6%

6% 15%

15% 4%

5%

6%

5%

4%

3%

12%

9%

3%

3%

Q4 2010 Q4 2011

Other Industries

Climate &EnvironmentMarine

Chemicals

Pharma

Power

Oil & Gas

Food - Solid

Food - Beverages

Food - Dairy

15

II. Performance Order Intake by Customer Industry since Q4 2009*

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

Δ+13%

Δ-13%

Δ+91%

Δ+15%

Δ+25%

Δ+82% Δ-1% Δ-8% Δ-10% Δ+17%

∆ +20%

1,248

1,502

60%

100%

140%

180%

220%

260%

Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11

Food - Dairy Food - BeveragesFood - Solid incl. GEA FS Food - Solid w/o GEA FSGEA Group w/o GEA FS

60%

80%

100%

120%

140%

160%

Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11

Pharma ChemicalsMarine GEA Group w/o GEA FS

60%

80%

100%

120%

140%

160%

Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11

Oil & Gas PowerClimate & Environment GEA Group w/o GEA FS


(∆ w/o FS: +11%)


Book to bill ratio (L4Q) Q4 2011

Food - Dairy 1,02 7,8% 1,17 2,5% 1,12 5,0% 1,11 2,0% 0,89 0,3% 0,60 0,5% 1,19 5,6% 1,08 23,8%

Food - Beverage 0,84 1,9% 1,24 1,6% 0,93 0,9% 1,23 1,7% 1,09 0,4% 1,02 0,2% 1,02 4,2% 1,03 10,9%

Food - Solid 0,98 7,5% 0,85 1,3% 1,10 2,9% 0,94 1,0% 1,01 1,1% 1,09 0,7% 1,19 3,1% 1,02 17,5%

Total Food 0,98 17,2% 1,09 5,4% 1,09 8,7% 1,11 4,7% 1,00 1,9% 0,85 1,4% 1,13 12,9% 1,05 52,1%

Oil & Gas 0,99 1,0% 1,19 0,8% 1,42 0,9% 1,28 1,2% 0,92 0,5% 1,13 0,9% 1,16 1,3% 1,16 6,7%

Power 0,84 2,9% 0,18 0,2% 1,17 1,0% 1,15 0,5% 0,31 0,7% 0,98 1,5% 2,69 4,2% 0,97 11,0%

Total Energy 0,87 3,9% 0,53 1,0% 1,28 2,0% 1,24 1,7% 0,43 1,2% 1,03 2,4% 2,05 5,5% 1,04 17,6%

Pharma 1,10 1,8% 1,87 0,5% 1,07 0,9% 1,11 0,2% 0,61 0,1% 0,60 0,2% 1,11 1,6% 1,09 5,2%

Chemicals 0,98 1,5% 1,22 0,3% 1,32 1,5% 1,03 0,3% 0,15 0,0% 1,16 0,2% 1,12 2,0% 1,09 5,9%

Marine 0,99 1,2% 2,49 0,2% 0,87 0,1% 1,14 0,1% 0,88 0,0% 0,54 0,0% 0,89 1,6% 0,96 3,2%

Climate & Environment 1,01 7,6% 0,96 1,7% 1,06 0,7% 0,43 0,1% 0,35 0,0% 0,85 0,5% 0,92 0,8% 0,97 11,5%

Other Industries 0,87 1,7% 1,40 0,6% 0,66 0,3% 1,17 0,2% 1,02 0,2% 0,79 0,1% 1,01 1,3% 0,95 4,5%

Other 1,00 13,9% 1,18 3,3% 1,08 3,5% 0,92 0,9% 0,55 0,3% 0,82 1,1% 1,02 7,3% 1,01 30,2%

Total 0,97 35,0% 1,00 9,8% 1,11 14,1% 1,11 7,3% 0,65 3,4% 0,92 4,8% 1,21 25,6% 1,03 100,0%

Asia - Pacific TotalWesternEurope


North America Latin America Africa Middle - East

II. Performance Book to Bill Ratios by Industry/Region Last 4 Quarters

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

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

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

Book to Bill categories

1,04



1,700¹ 1,900²

2,150³

464

514

527

-

500

1.000

1.500

2.000

2.500

3.000

Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11

Order Intake Sales

3,000

2,500

2,000

1,500

1,000

500

0

17

II. Performance Top Line Trend / Order Backlog

2,164 2,301

2,469 2,424 2,414

2,667 2,771

2,677

[in EUR million]


2,312 2,435

2,756

0.90 0.90 0.93 0.94 0.98 1.00 1.04 1.06 1.06 1.06 1.04

L4Q BtB ratio # ¹ Order backlog invoicable in FY2010. ² Order backlog invoicable in FY2011. ³ Order backlog invoicable in FY2012.

engineering for a better world 18

II. Performance Working Capital Development

-451 bps

[in EUR million]


657

482

567 555 566

445

647

707 720

577*

17.2%

16.4%

15.0% 13.9% 13.1%

12.4% 12.4% 12.4% 12.6% 12.6%*

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

0

100

200

300

400

500

600

700

800

Q3 '09 Q4 '09 Q1 '10 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11

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

* Working Capital per Q4 2011 excl. GEA CT EUR 522m; leading to 12.5% WC/Sales ratio (average LTM)

*


590

736

799

743

691

1,034

1,160

1,238

1,357

1,249

672

659

706

903

831

507

579

612

620

587

445

659

720

577

522

Q3 2011 w/o FS

19

Q4 2011 incl. FS

Q4 2010

−

=

Trade Receivables

Inven- tories

Trade Payables

Advance Payments

Working Capital

Q3 2011 incl. FS −

−

−

=

=

=

Change

Change

+126 +12%

+146 +25%

-13 -2%

+72 +14%

+214 +48%

+119 +10%

-56 -7%

+197 +28%

+8 +1%

-143 -20%

[in EUR million]

Change +78 +7%

+63 +9%

+46 +7%

+32 +6%

+62 +9%

−

=

Q4 2011 w/o FS

Change -108 -8%

-52 -7%

-72 -8%

-32 -5%

-55 -10%


II. Performance Working Capital Development


II. Performance Net Liquidity Reconciliation – Cash Flow Drivers


Net Cash 104.8 December 31, 2010

EBITDA

∆ Working Capital

CAPEX

Net Debt

Discont´d operations

Interests / Taxes

Cash out restructuring

December 31, 2011

(73.7)

(386.8)

(51.4)

(155.2)

(115.0)

(36.9)

610.2

(122.9)

(38.2)

Other

(508.6)

Net Cash before M&A, dividend and one-offs as of December 31, 2011 270.6

Dividend

Effect from acquisitions *

* Balance of acquisitions and sale of companies.

[in EUR million]


II. Performance Financial Leeway


[in EUR million] 12/31/2011 12/31/2010 Change

Cash & Equivalents 432 564 -132

Securities 0 0 0

Loans 819 459 +360

Net cash -387 105 -492

Equity 2,164 1,868

Gearing +17.9% -5.6%

GEA credit lines [in EUR million]

Due date 12/31/2011 granted

12/31/2011 utilized

12/31/2011 unutilized

Total cash credit lines 1,703 819 884

of which:

Borrowers note loan 08/2013 128 128 0

Syndicated credit line 06/2015 650 0 650

Bond 04/2016 400 400 0

KfW I Amortization Loan KfW II Amortization Loan

05/2016 12/2016

90 56

90 0

0 56

European Investment Bank 07/2017 150 150 0

21


901

n.a.

103

180

251

190 178

1,066

102 113

178

271

206 196

GEA Group GEA FS GEA FT GEA HX GEA ME GEA PE GEA RT

2010 2011 Service business as % of sales

22

II. Performance Service Business

Growth in service sales FY 2011 yoy: +18% to a total of EUR 1,066m

Share of service sales FY 2011: 19.7% (FY 2010: 20.4%)

23%

∆ +18%

∆ +10%

∆ -1%

∆ +8%

∆ +8% ∆ +10%


%

22%

20%

20%

30%

12% 11%

35% 32%

15% 13% 32% 30%

[in EUR million]


II. Performance GEA Food Solutions

Order Intake

Q4 2010

Q4 2011

∆ (%)

n.a. 119.6 n.a.

thereof organic: n.a.

Sales

Q4 2010

Q4 2011

∆ (%)

n.a. 130.6 n.a.

thereof organic: n.a.

EBIT bef. PPA*

Q4 2010

Q4 2011

∆ (%)

n.a. 10.2* n.a.

EBIT Margin bef. PPA* (%)

Q4 2010

Q4 2011

∆ (bps)

n.a. 7.8* n.a. *Including non-recurring items of EUR 4.3m in Q4 2011; YTD Dec. 2011: EUR 9.9m.

[in EUR million]

Order Intake by Customer Industry Order Intake by Region

100%

Q4 2011

Food &Beverages

45%

14%

14%

13%

6% 5% 2%

Q4 2011

Africa

Middle-East

Latin America

North America

Asia-Pacific

Eastern Europe& CIS

Western Europe



II. Performance GEA Farm Technologies

Order Intake

Q4 2010

Q4 2011

∆ (%)

116.3 131.7 +13.3

thereof organic: +13.5

Sales

Q4 2010

Q4 2011

∆ (%)

134.9 153.8 +14.0


EBIT bef. PPA*

Q4 2010

Q4 2011

∆ (%)

13.4 14.8 +10.8


Q4 2010

Q4 2011

∆ (bps)

9.9 9.6 -28

* EBIT and EBIT-Margin 2010: before restructuring cost.

[in EUR million]

100% 100%

Q4 2010 Q4 2011

Food &Beverages

33% 39%

37%

30%

10%

12% 9%

11% 10%

7%

Q4 2010 Q4 2011

Asia-Pacific

Latin America

Eastern Europe& CIS

Western Europe

North America


Δ+13%

Δ+39%

Δ-7%

Δ-16%

Δ+48%

Δ+35%



8%

36% 39%

32% 8%

9%

16%

9%

8%

6%

13%

4%

8%

4%

Q4 2010 Q4 2011

Latin America

Africa

North America

Middle-East

Eastern Europe& CIS

Western Europe

Asia-Pacific

44% 47%

29%

23%

14% 12% 2%

6%

5%

4%

4%

4% 3%

3%

Q4 2010 Q4 2011

Marine

Food &Beverages

Other Industries

Chemicals

Oil & Gas

Climate &Environment

Power

25

II. Performance GEA Heat Exchangers

Order Intake

Q4 2010

Q4 2011

∆ (%)

399.2 462.3 +15.8


Sales

Q4 2010

Q4 2011

∆ (%)

410.1 463.6 +13.0


EBIT bef. PPA*

Q4 2010

Q4 2011

∆ (%)

40.0 36.8 -8.1


Q4 2010

Q4 2011

∆ (bps)

9.8 7.9 -182 * Including non-recurring items of EUR 13m in Q4 2011; EBIT and EBIT-Margin 2010: before restructuring cost.

[in EUR million]


Δ+25%

Δ-9%

Δ+3%

Δ+370% Δ-3% Δ+5% Δ+8%

Δ+384%

Δ-4%

Δ+32%

Δ-38%

Δ-41%

Δ-61% Δ-18%



II. Performance GEA Mechanical Equipment

Order Intake

Q4 2010

Q4 2011

∆ (%)

181.8 203.9 +12.2


Sales

Q4 2010

Q4 2011

∆ (%)

201.9 240.4 +19.1


EBIT bef. PPA*

Q4 2010

Q4 2011

∆ (%)

39.7 54.0 +35.8


Q4 2010

Q4 2011

∆ (bps)

19.7 22.4 +276


[in EUR million]

54% 60%

16%

12% 3%

7% 7%

6% 7%

5% 8%

4% 5%

4% 1%

Q4 2010 Q4 2011

OtherIndustriesPharma

Chemicals

Climate &EnvironmentOil & Gas

Power

Marine

Food &Beverages


31% 30%

32% 30%

18% 24%

10%

6% 4%

5% 3%

2% 1% 2%

Q4 2010 Q4 2011

Africa

Middle-East

Eastern Europe& CIS

Latin America

North America

WesternEurope

Asia-Pacific

Δ+21%

Δ-14%

Δ+129%

Δ-14% Δ-41% Δ-6%

Δ-2%

Δ+10%

Δ+3%

Δ+45%

Δ-32% Δ+31% Δ-25% Δ+70%

Q4 Presentation Results FY 2011 - March 12, 2012 26

Δ+1035%


II. Performance GEA Process Engineering

Order Intake

Q4 2010

Q4 2011

∆ (%)

419.7 449.0 +7.0


Sales

Q4 2010

Q4 2011

∆ (%)

402.2 496.6 +23.5


EBIT bef. PPA*

Q4 2010

Q4 2011

∆ (%)

44.7 69.6 +55.7


Q4 2010

Q4 2011

∆ (bps)

11.1 14.0 +291


[in EUR million]

74% 74%

8%

16% 11%

6% 3%

3%

2% 3%

Q4 2010 Q4 2011

Other Industries

Power

Climate &Environment

Oil & Gas

Chemicals

Pharma

Food &Beverages

29% 36%

32% 26%

11%

15% 8%

11% 8%

9% 8%

2% 4% 2%

Q4 2010 Q4 2011

Africa

Middle-East

Latin America

Eastern Europe& CIS

North America

Western Europe

Asia-Pacific


Δ+6%

Δ+103 %

Δ-47% Δ+1684% Δ-40 %

Δ+33%

Δ-13%

Δ+51%

Δ+43%

Δ+11% Δ-76% Δ-55%



II. Performance GEA Refrigeration Technologies

Order Intake

Q4 2010

Q4 2011

∆ (%)

152.5 170.1 +11.5


Sales

Q4 2010

Q4 2011

∆ (%)

171.3 181.6 +6.0

thereof organic: -2.6

EBIT bef. PPA*

Q4 2010

Q4 2011

∆ (%)

13.9 20.0 +44.0


Q4 2010

Q4 2011

∆ (bps)

8.1 11.0 +291


[in EUR million]

65% 57%

7% 18% 7%

9% 6%

7% 5%

4% 4%

3% 5% 2%

Q4 2010 Q4 2011

Power

Marine

Oil & Gas

Climate &EnvironmentChemicals

Other Industries

Food &Beverages

48% 42%

14% 18%

9% 14%

15% 11%

7% 6% 5% 5% 1%

4%

Q4 2010 Q4 2011

Latin America

Middle-East

Africa

Asia-Pacific

North America

Eastern Europe& CIS

Western Europe

Δ-6%

Δ+174%

Δ+26% Δ-15% Δ-19% Δ-68%

Δ+42%

Δ-6%

Δ+39%

Δ+71%

Δ-21% Δ-7% Δ-11% Δ+282%




III. Outlook Key Figures FY 2012

29

an order intake growth: up to +5%

a sales growth: at least +5%

EBIT-margin bef. ppa. incl GEA FS: at least on FY 2011 level of 9.7%

For FY 2012 we aim at



III. Outlook Additional Financial Information for 2012

30

Tax rate in P&L after impact from tax around 22.5% loss carry forwards:

Impact from ppa in 2012 and in around EUR 25m p.a. subsequent years: thereof GEA FS around EUR 14m p.a.

Mid term target for Capex: around 2.0% of sales


Capex in FY 2012: up to 3.0% of sales due to special projects in particular within GEA ME

Working Capital LTM: approx. 12% - 14% of sales LTM

Interest result: Interest rate for financial liabilities (excl. pensions) below 4% p.a.


III. Outlook Long term – Over the Cycle

31

EBIT margin before ppa-impact: Target of 12% after recovery to pre-crisis market conditions

Acquisitions to continue

Dividend payout ratio: 1/3 of net income

Long term growth of GEA end markets: 3% – 6% p.a., clearly > GDP growth



Investor Relations Calendar Upcoming Roadshows and Conferences


March 14 Roadshow Switzerland Zurich

March 15 Roadshow Italy Milan

March 20-21 Roadshow France Paris

March 22 Roadshow Germany Frankfurt

March 23 Roadshow Denmark Copenhagen

March 26 Roadshow Germany Duesseldorf/Cologne

March 27 Roadshow Belgium Brussels

April 26 Conference Germany Baden-Baden

March 28 Conference Great Britain London

March 29 ANUGA FoodTec Germany Cologne


Financial Calendar

33

March 12, 2012 Annual Report FY 2011

April 24, 2012 Annual General Meeting

May 8, 2012 Interim Report Q1 2012


June 28-29, 2012 Capital Markets Day


Agenda


January – December 2011

I. Key Figures

II. Performance

Backup

Performance GEA Group and Segments

III. Outlook


∆ abs. ∆ in %

∆ abs. ∆ in %

∆ abs. ∆ in %

∆ abs. ∆ in %

∆ abs. ∆ in %

[in EUR million]


Q4 2011 vs. Q4 2010

Q1-Q4 2011 vs. Q1-Q4 2010

Q4 2011 vs. Q3 2011

Sales previous period 1,290 4,418 1,397

Structural Change +173 +13.4% +458 +10.4% +14 +1.0%

Currency Effects -11 -0.8% -48 -1.1% +8 +0.6%

Organic Development +179 +13.9% +588 +13.3% +213 +15.2%

Sales current period 1,632 +26.5% 5.417 +22.6% 1,632 +16.8%

Backup: Performance GEA Group Sales Q4 2011


Backup: Performance GEA Group & Segments Key Figures Time Line (1/5)


Order Intake [In EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009

GEA Food Solutions1) 95.1 116.4 100.5 85.7 397.7 75.6 101.2 81.6 95.5 353.9 GEA Farm Technologies 123.5 120.5 137.0 116.0 497.1 94.9 101.2 94.9 98.6 389.6 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 GEA Mechanical Equipment 257.4 258.0 237.0 177.0 929.4 194.9 162.2 158.6 169.4 685.1 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 GEA Refrigeration Technologies 174.1 152.3 144.2 143.3 613.9 138.9 143.2 114.3 130.3 526.6 GEA Group 1,374.3 1,272.7 1,223.5 1,113.3 4,983.9 1,072.5 1,036.0 962.3 1,009.9 4,080.7 Order Backlog [In EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009

GEA Food Solutions1) 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 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 GEA Mechanical Equipment 290.8 357.5 376.5 338.0 338.0 325.6 303.5 285.2 280.8 280.8 GEA Process Engineering 850.7 830.9 826.6 666.2 666.2 651.5 658.2 627.9 660.2 660.2 GEA Refrigeration Technologies 241.9 235.5 236.8 204.1 204.1 222.4 231.7 196.7 169.9 169.9 GEA Group 2,822.6 2,857.8 2,823.8 2,450.7 2,450.7 2,476.2 2,435.3 2,312.2 2,164.1 2,164.1 Sales [in EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009

GEA Food Solutions1) 91.8 99.1 98.5 104.8 394.2 89.0 79.8 82.8 82.5 334.1 GEA Farm Technologies 94.9 123.9 138.5 147.1 504.5 86.6 98.5 112.0 114.7 411.8 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 GEA Mechanical Equipment 196.9 190.7 210.9 211.2 809.7 200.0 179.9 163.8 174.0 717.5 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 GEA Refrigeration Technologies 132.5 159.3 142.9 175.9 610.6 122.3 136.9 148.2 158.2 565.6 GEA Group 1,127.2 1,295.8 1,318.0 1,438.0 5,179.0 1,054.5 1,103.9 1,060.8 1,191.9 4,411.2 EBITDA before PPA & restructuring2) [in EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009

GEA Food Solutions1) -4.5 7.0 9.4 7.6 19.5 -2.9 4.9 7.0 6.4 15.4 GEA Farm Technologies 6.0 13.6 21.3 21.5 62.3 0.8 8.1 10.8 9.4 29.1 GEA Heat Exchangers 42.6 55.7 65.2 79.8 243.2 36.1 38.2 45.5 59.1 179.0 GEA Mechanical Equipment 30.1 32.9 32.8 43.5 139.3 26.7 23.2 28.4 37.0 115.2 GEA Process Engineering 12.1 26.1 28.0 47.0 113.2 11.1 17.4 21.0 38.5 88.0 GEA Refrigeration Technologies 7.7 11.9 11.7 16.9 48.1 4.4 8.5 5.0 10.7 28.6 GEA Group 94.5 138.6 152.7 200.1 585.9 78.9 95.4 111.7 147.7 433.7 EBITDA-Margin before PPA & restructuring2) [in %] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009

GEA Food Solutions1) -4.9% 7.1% 9.5% 7.3% 4.9% -3.3% 6.1% 8.5% 7.8% 4.6% GEA Farm Technologies 6.3% 11.0% 15.4% 14.6% 12.4% 0.9% 8.2% 9.6% 8.2% 7.1% GEA Heat Exchangers 10.7% 12.4% 13.5% 15.1% 13.1% 9.3% 9.1% 12.2% 13.3% 11.0% GEA Mechanical Equipment 15.3% 17.3% 15.5% 20.6% 17.2% 13.4% 12.9% 17.3% 21.3% 16.1% GEA Process Engineering 3.7% 6.6% 7.7% 11.8% 7.6% 4.1% 6.2% 7.5% 12.3% 7.7% GEA Refrigeration Technologies 5.8% 7.5% 8.2% 9.6% 7.9% 3.6% 6.2% 3.4% 6.7% 5.1% GEA Group 8.4% 10.7% 11.6% 13.9% 11.3% 7.5% 8.6% 10.5% 12.4% 9.8%




Order Intake [In EUR million] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011

GEA Food Solutions1) 115.5 94.5 100.7 98.9 409.6 125.5 102.3 107.9 119.6 329.8 GEA Farm Technologies 101.1 116.1 115.0 116.3 448.5 125.9 129.5 140.3 131.7 527.4 GEA Heat Exchangers 304.4 398.3 404.1 399.2 1,506.0 375.5 445.6 369.8 462.3 1,653.2 GEA Mechanical Equipment 172.0 194.7 191.9 181.8 740.4 219.2 230.1 221.6 203.9 874.9 GEA Process Engineering 335.7 339.0 321.7 419.7 1,416.1 401.5 426.2 433.3 449.0 1,709.9 GEA Refrigeration Technologies 127.5 150.6 148.9 152.5 579.6 152.7 162.8 164.8 170.1 650.4 GEA Group 1,010.2 1,167.3 1,152.6 1,247.8 4,578.0 1,242.1 1,462.5 1,402.8 1,502.2 5,609.7 Order Backlog [In EUR million] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011

GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. 104.4 109.2 105.0 85.5 85.5 GEA Farm Technologies 77.1 89.4 80.6 63.1 63.1 85.4 92.5 93.9 74.4 74.4 GEA Heat Exchangers 1,006.7 1,061.1 1,071.3 1,086.9 1,086.9 1,092.5 1,135.4 1,063.5 1,086.0 1,086.0 GEA Mechanical Equipment 298.3 319.1 306.1 284.1 284.1 304.1 322.0 340.9 309.7 309.7 GEA Process Engineering 757.6 821.2 788.9 813.0 813.0 888.2 927.4 972.2 951.2 951.2 GEA Refrigeration Technologies 183.8 203.9 205.9 183.8 183.8 210.4 206.6 206.1 197.0 197.0 GEA Group 2,301.1 2,468.5 2,423.7 2,414.0 2,414.0 2,666.6 2,770.6 2,755.7 2,677.3 2,677.3 Sales [in EUR million] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011

GEA Food Solutions1) 101.0 99.8 93.1 103.7 397.6 112.9 103.3 112.1 130.6 346.0 GEA Farm Technologies 85.4 106.6 119.8 134.9 446.7 99.6 118.3 138.1 153.8 509.8 GEA Heat Exchangers 340.9 370.8 361.6 410.1 1,483.4 338.1 390.9 424.2 463.6 1,616.8 GEA Mechanical Equipment 156.7 173.7 193.1 201.9 725.4 191.6 207.8 204.9 240.4 844.7 GEA Process Engineering 256.9 298.5 330.9 402.2 1,288.5 300.8 385.1 394.7 496.6 1,577.2 GEA Refrigeration Technologies 117.4 135.3 139.7 171.3 563.7 132.8 166.6 166.2 181.6 647.2 GEA Group 938.2 1,065.1 1,124.7 1,290.4 4,418.4 1,038.0 1,349.0 1,397.4 1,632.2 5,416.5 EBITDA before PPA & restructuring2) [in EUR million] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011

GEA Food Solutions1) 13.5 10.3 5.5 6.8 36.2 6.2 6.2 8.0 12.0 26.2 GEA Farm Technologies 3.8 6.1 11.8 16.2 37.9 4.8 8.2 14.7 17.6 45.2 GEA Heat Exchangers 33.2 34.6 37.9 47.0 152.7 29.5 35.3 46.9 48.7 160.4 GEA Mechanical Equipment 24.8 26.9 37.7 46.9 136.4 32.6 44.6 43.4 58.1 178.7 GEA Process Engineering 14.7 20.5 23.0 48.3 106.5 19.9 31.1 38.6 73.6 163.2 GEA Refrigeration Technologies 3.8 8.2 9.2 15.8 37.1 8.9 14.6 14.1 22.4 60.0 GEA Group 78.1 98.3 117.6 169.5 463.5 91.6 135.4 166.4 236.7 630.1 EBITDA-Margin before PPA & restructuring2) [in %] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011

GEA Food Solutions1) 13.4% 10.3% 5.9% 6.6% 9.1% 5.5% 6.0% 7.1% 9.2% 7.6% GEA Farm Technologies 4.4% 5.7% 9.9% 12.0% 8.5% 4.8% 6.9% 10.7% 11.4% 8.9% GEA Heat Exchangers 9.7% 9.3% 10.5% 11.5% 10.3% 8.7% 9.0% 11.0% 10.5% 9.9% GEA Mechanical Equipment 15.8% 15.5% 19.5% 23.3% 18.8% 17.0% 21.5% 21.2% 24.1% 21.2% GEA Process Engineering 5.7% 6.9% 7.0% 12.0% 8.3% 6.6% 8.1% 9.8% 14.8% 10.3% GEA Refrigeration Technologies 3.2% 6.1% 6.6% 9.2% 6.6% 6.7% 8.7% 8.5% 12.3% 9.3% GEA Group 8.3% 9.2% 10.5% 13.1% 10.5% 8.8% 10.0% 11.9% 14.5% 11.6%




EBIT before PPA & restructuring2) [in EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009

GEA Food Solutions1) -8.6 3.4 6.1 4.4 5.3 -8.2 1.5 3.7 3.4 0.4 GEA Farm Technologies 4.3 11.9 19.5 19.5 55.2 -1.3 6.0 8.6 7.0 20.3 GEA Heat Exchangers 36.5 49.3 58.4 72.3 216.6 28.5 29.8 37.0 49.0 144.3 GEA Mechanical Equipment 27.2 29.9 29.6 39.7 126.4 23.3 19.4 24.7 32.8 100.2 GEA Process Engineering 9.5 23.5 25.2 43.6 101.8 8.0 14.2 18.0 35.5 75.7 GEA Refrigeration Technologies 5.9 10.0 9.9 15.4 41.2 2.5 6.6 3.1 8.9 21.1 GEA Group 77.1 120.6 133.6 179.1 510.4 57.9 73.3 89.4 121.4 341.9 EBIT-Margin before PPA & restructuring2) [in %] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009

GEA Food Solutions1) -9.4% 3.4% 6.2% 4.2% 1.3% -9.2% 1.9% 4.5% 4.1% 0.1% GEA Farm Technologies 4.6% 9.6% 14.1% 13.2% 10.9% -1.5% 6.1% 7.6% 6.1% 4.9% GEA Heat Exchangers 9.2% 11.0% 12.1% 13.7% 11.7% 7.4% 7.1% 9.9% 11.1% 8.9% GEA Mechanical Equipment 13.8% 15.7% 14.0% 18.8% 15.6% 11.6% 10.8% 15.1% 18.8% 14.0% GEA Process Engineering 2.9% 5.9% 6.9% 10.9% 6.8% 3.0% 5.0% 6.5% 11.3% 6.6% GEA Refrigeration Technologies 4.5% 6.3% 6.9% 8.7% 6.8% 2.0% 4.8% 2.1% 5.6% 3.7% GEA Group 6.8% 9.3% 10.1% 12.5% 9.9% 5.5% 6.6% 8.4% 10.2% 7.8% EBIT before restructuring2) [in EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009

GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA Farm Technologies 4.1 11.6 18.8 18.8 53.4 -1.6 5.6 7.9 6.6 18.5 GEA Heat Exchangers 36.4 49.1 58.1 71.8 215.4 27.9 29.2 36.4 48.5 142.0 GEA Mechanical Equipment 27.0 29.7 29.4 39.5 125.6 23.0 19.2 24.5 32.6 99.3 GEA Process Engineering 9.2 23.1 24.8 43.1 100.2 7.6 13.7 17.6 35.0 73.9 GEA Refrigeration Technologies 5.9 9.8 9.7 15.2 40.7 2.2 6.4 2.9 8.0 19.4 GEA Group 76.1 119.3 131.8 177.1 504.2 56.0 71.2 87.2 118.8 333.2 Capital Employed w/o goodwill3) (average LTM) [in EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009

GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA Farm Technologies n.a. n.a. n.a. 204.0 204.0 219.7 235.5 241.7 241.4 241.4 GEA Heat Exchangers n.a. n.a. n.a. 707.3 707.3 757.2 789.7 793.4 752.0 752.0 GEA Mechanical Equipment n.a. n.a. n.a. 349.8 349.8 364.3 371.3 374.2 367.7 367.7 GEA Process Engineering n.a. n.a. n.a. 270.6 270.6 274.2 276.2 269.7 255.1 255.1 GEA Refrigeration Technologies n.a. n.a. n.a. 221.1 221.1 236.8 249.9 258.6 258.7 258.7 GEA Group n.a. n.a. n.a. 1,772.4 1,772.4 1,853.4 1,903.4 1,899.0 1,835.9 1,835.9 ROCE w/o goodwill4) LTM [in%] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009

GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA Farm Technologies n.a. n.a. n.a. 26.2% 26.2% 21.7% 17.7% 12.7% 7.7% 7.7% GEA Heat Exchangers n.a. n.a. n.a. 30.5% 30.5% 27.3% 23.7% 20.8% 18.9% 18.9% GEA Mechanical Equipment n.a. n.a. n.a. 35.9% 35.9% 33.4% 29.9% 28.4% 27.0% 27.0% GEA Process Engineering n.a. n.a. n.a. 37.0% 37.0% 36.0% 32.3% 30.4% 29.0% 29.0% GEA Refrigeration Technologies n.a. n.a. n.a. 18.4% 18.4% 15.6% 13.4% 10.3% 7.5% 7.5% GEA Group n.a. n.a. n.a. 28.4% 28.4% 26.1% 22.9% 20.6% 18.2% 18.2%




EBIT before PPA & restructuring2) [in EUR million] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011

GEA Food Solutions1) 9.5 7.0 1.6 3.1 21.2 2.8 4.0 5.5 10.2 19.6 GEA Farm Technologies 1.0 3.1 8.8 13.4 26.3 1.9 5.3 11.8 14.8 33.8 GEA Heat Exchangers 24.5 25.1 29.2 40.0 118.8 20.8 26.4 37.9 36.8 121.8 GEA Mechanical Equipment 20.8 22.8 33.6 39.7 117.0 28.5 40.4 39.2 54.0 162.1 GEA Process Engineering 11.5 17.2 19.8 44.7 93.2 16.5 27.6 34.5 69.6 148.2 GEA Refrigeration Technologies 1.9 6.3 7.3 13.9 29.4 7.1 12.3 11.9 20.0 51.3 GEA Group 54.4 73.6 94.5 144.3 366.8 68.7 109.4 139.5 207.1 524.6 EBIT-Margin before PPA & restructuring2) [in %] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011

GEA Food Solutions1) 9.4% 7.0% 1.7% 3.0% 5.3% 2.5% 3.8% 4.9% 7.8% 5.7% GEA Farm Technologies 1.2% 2.9% 7.4% 9.9% 5.9% 1.9% 4.5% 8.5% 9.6% 6.6% GEA Heat Exchangers 7.2% 6.8% 8.1% 9.8% 8.0% 6.1% 6.8% 8.9% 7.9% 7.5% GEA Mechanical Equipment 13.3% 13.1% 17.4% 19.7% 16.1% 14.9% 19.4% 19.1% 22.4% 19.2% GEA Process Engineering 4.5% 5.8% 6.0% 11.1% 7.2% 5.5% 7.2% 8.7% 14.0% 9.4% GEA Refrigeration Technologies 1.6% 4.6% 5.3% 8.1% 5.2% 5.4% 7.4% 7.2% 11.0% 7.9% GEA Group 5.8% 6.9% 8.4% 11.2% 8.3% 6.6% 8.1% 10.0% 12.7% 9.7% EBIT before restructuring2) [in EUR million] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011

GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a. -22.6 -0.2 6.8 -16.0 GEA Farm Technologies 0.5 2.5 8.2 12.6 23.9 1.3 4.7 11.2 13.9 31.1 GEA Heat Exchangers 23.9 24.5 28.6 37.2 114.3 20.2 25.7 37.1 35.0 118.0 GEA Mechanical Equipment 20.6 22.6 33.4 39.5 116.2 28.3 40.2 39.0 53.7 161.2 GEA Process Engineering 11.1 16.7 19.3 44.1 91.3 16.0 27.1 34.1 68.9 146.1 GEA Refrigeration Technologies 1.6 6.0 7.1 13.6 28.3 6.8 10.6 11.1 18.0 46.6 GEA Group 52.3 71.4 92.3 139.7 355.8 66.5 79.0 130.9 198.2 474.6 Capital Employed w/o goodwill3) (average LTM) [in EUR million] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011

GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA Farm Technologies 250.5 260.9 271.3 284.0 284.0 288.6 289.7 292.5 297.7 297.7 GEA Heat Exchangers 711.8 687.1 677.7 672.8 672.8 680.7 684.2 691.6 694.6 694.6 GEA Mechanical Equipment 346.5 327.9 309.9 300.7 300.7 303.6 308.4 317.6 328.8 328.8 GEA Process Engineering 241.1 235.7 237.8 238.9 238.9 237.4 235.8 238.7 249.0 249.0 GEA Refrigeration Technologies 244.9 226.6 202.4 177.9 177.9 176.5 187.8 205.4 225.9 225.9 GEA Group 1,780.9 1,750.3 1,738.4 1,739.9 1,739.9 1,796.3 1,949.7 2,128.3 2,314.2 2,314.2 ROCE w/o goodwill4) LTM [in%] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011

GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA Farm Technologies 8.2% 6.7% 6.6% 8.4% 8.4% 8.5% 9.3% 10.2% 10.4% 10.4% GEA Heat Exchangers 19.4% 19.4% 18.5% 17.0% 17.0% 16.2% 16.3% 17.4% 17.0% 17.0% GEA Mechanical Equipment 28.0% 30.6% 35.2% 38.6% 38.6% 40.8% 45.9% 46.3% 49.0% 49.0% GEA Process Engineering 32.1% 34.1% 34.6% 38.2% 38.2% 40.5% 45.2% 50.8% 58.7% 58.7% GEA Refrigeration Technologies 7.7% 8.1% 11.2% 15.9% 15.9% 19.0% 20.3% 20.6% 20.6% 20.6% GEA Group 18.5% 18.8% 19.3% 20.4% 20.4% 20.6% 19.4% 19.6% 20.5% 20.5%


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


1) All historical figures for GEA FS before Q2 2011 are pro-forma figures only and haven't been audited due to the fact that GEA FS's Financial Year was ending end of February. The listed historical figures before Q2 2011 are not included in the Group-numbers of the corresponding period.

2) Restructuring only in FY 2009 and FY 2010.

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

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

gea%20group%20q4 presentation%20fy%202011 neu tcm11 25551

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