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GEA Group
Düsseldorf, July 30, 2013
Q2 2013 Presentation for Roadshows and Conferences
engineering for a better world
Disclaimer
Forward-looking statements are based on our current assumptions and forecasts. These
statements naturally entail risks and uncertainties, which may cause the actual results of
operations, financial position or performance to diverge significantly from the estimates
given here. Factors that could cause such a divergence include changes in the economic
and business environment, fluctuations in exchange rates and interest rates, launches of
competing products, poor acceptance of new products or services, and changes in
business strategy. We are under no obligation to update forward-looking statements.
Due to rounding, the sum of percentages of order intake and sales by region as well as
by customer industry may vary from 100%.
GEA on Roadshows and Conferences - Q2 2013 2
engineering for a better world
Table of Contents
GEA Group in Summary
GEA on Roadshows and Conferences - Q2 2013
Pages 5 – 24
GEA Group Segment Structure Page 21
Outlook Pages 37, 58
Large Order Development Page 34
Segment Performance incl. Organic Growth Rates Pages 46 – 57
Top Line Development by Customer Industry Pages 42
GEA Group Portfolio Review / Separation from GEA HX Pages 25 – 28
Regional Top Line Distribution Pages 33, 41
Historical Key Figures GEA Group and Segments Pages 62-66
ADR Information Page 67
3
engineering for a better world
Agenda
The GEA Group
Results Q2 2013
Backup
GEA on Roadshows and Conferences - Q2 2013 4
engineering for a better world
The GEA Group in Summary
• GEA provides the world with innovative solutions for smart food processing and for a more
efficient use of energy resources.
• Market and technology leader for demanding equipment and process technology particularly
for the food and energy industries
• Revenue 2012: EUR 5,720 million
• Operational EBIT 2012: EUR 562 million / 9.8% margin
• Cash Flow 2012: EUR 467 million
• Employees per 31/12/12: Around 24,500
GEA on Roadshows and Conferences - Q2 2013 5
engineering for a better world
55%
9%
6%
11%
6%
5% 3% 3%
35%
24%
15%
10%
6%
5% 5%
Global GEA setup focusing on growth drivers Food and Energy
GEA on Roadshows and Conferences - Q2 2013
By Customer Industry By Region
=> Emerging markets* exposure: ~40%
Food
Oil & Gas
Power
Pharma
Chemicals
Marine
Climate &
Environment
Other
Sales L4Q per
Q2 2013:
EUR 5.7bn
Asia-Pacific
North
America
Latin
America
Eastern
Europe
Middle East Africa
Western
Europe
Sales L4Q per
Q2 2013:
EUR 5.7bn
* According to the definition of emerging/developing economies by International Monetary Fund.
6
engineering for a better world
Growth drivers – Food and Energy
Megatrend Significance for demand Demand relevant for GEA
Steady growth in global
population
Continuously rising
demand for food and
energy
Volume growth and catch-up
potential especially in South and
East Asia, Latin America and,
in future, Africa
Growing interest in
efficient production
processes that conserve
resources
Resource-conserving technologies/dry cooling
Energy-saving machines and processes/heat
recovery
“Intelligent” engineering solutions
Rising energy costs/
environmental regulations
GEA on Roadshows and Conferences - Q2 2013
Urbanization/
expansion of middle class
Growing quality
requirements for foodstuffs
and pharmaceuticals
Processed foods/ready meals
Aseptic filling/enriched lifestyle drinks
Pharmaceuticals
7
engineering for a better world
Development of GEA sales since 1983*
GEA on Roadshows and Conferences - Q2 2013
0
1,000
2,000
3,000
4,000
5,000
6,000
[in EUR million]
CAGR GEA sales
1983-2012: +11%
* Unconsolidated total sales incl. acquisitions at each point in time; left out were entities outside the segments, even if they generated revenues (eg GEA Real Estate).
8
engineering for a better world
0
20
40
60
80
100
120
140
160
180
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
GDP GEA
GEA organic sales growth outperforms global GDP
GEA on Roadshows and Conferences - Q2 2013
Source: IMF World Economic Outlook April 2012.
CAGR Global GDP
2003-2012: +3.8%
CAGR GEA sales w/o
portfolio adjustments
2003-2012:
+5.6%
(Index 2003 = 100)
9
engineering for a better world
Strong focus on operating margin improvement
[in EUR million]
GEA on Roadshows and Conferences - Q2 2013
4,059 3,391
4,346 4,856
5,179 4,411 4,418
5,071 5,388
346 332
2.1%
6.6% 6.9%
8.3%
9.9%
7.8% 8.3%
10.0% 10.7%
9.7% 9.8%
0%
2%
4%
6%
8%
10%
12%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
2004 2005 2006 2007 2008 2009 2010 2011 2012
Sales GEA FS Sales w/o GEA FS
EBIT margin w/o GEA FS bef. PPA. and restr. EBIT margin incl. GEA FS bef. PPA., restr. and one-offs within GEA FS
10
engineering for a better world GEA on Roadshows and Conferences - Q2 2013
769 802 901
1,066
1,317 1,313 14.9%
18.2%
20.4%
19.7%
23.0% 22.9%
25.0%
2008 2009 2010 2011 2012 Q2 2013 LTM Aim
Service Sales GEA Service as % of Sales
Service business: Aim of >25% of sales Per Q2 2013 at EUR 1.3bn annual run rate
[in EUR million]
>25%
CAGR GEA Service
business 2008-2012:
+14%
11
engineering for a better world
2,463 2,518 2,548 2,556 2,546 2,534
17.9% 18.8% 18.6%
17.8%
19.2% 19.6%
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
Capital Employed (average LTM) ROCE (average LTM)
ROCE Development* One of GEA’s major bonus drivers
GEA on Roadshows and Conferences - Q2 2013
[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
12
engineering for a better world
252 299
329 368
470 516
4.5%
5.3%
5.7%
6.4%
8.3%
9.0%
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
0
100
200
300
400
500
600
Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13
Cash Flow Driver (LTM) Cash Flow Driver Margin (LTM)
Strong focus on cash generation One of GEA’s major bonus drivers
GEA on Roadshows and Conferences - Q2 2013
[in EUR million]
640
516
161 -37
756 719
Ø WC Q3 11-Q2 12
Ø WC Q3 12-Q2 13
Cash Flow Driver
LTM per Q2 13 Δ Working Capital
LTM
CAPEX LTM
per Q2 13 EBITDA LTM
per Q2 13
13
engineering for a better world GEA on Roadshows and Conferences - Q2 2013
Our equipment is also needed to form, cook, fry,
grill or freeze commercially processed meat
14
engineering for a better world GEA on Roadshows and Conferences - Q2 2013
Around one of every four liters of milk will have been
obtained through GEA milking equipment
15
engineering for a better world GEA on Roadshows and Conferences - Q2 2013
Heat exchangers are also needed for
pasteurization of dairy products
16
engineering for a better world GEA on Roadshows and Conferences - Q2 2013
Equipment for safe, healthy and nutritious
food products
17
engineering for a better world GEA on Roadshows and Conferences - Q2 2013
But also around one third of all instant coffee is
produced with GEA machinery
18
engineering for a better world GEA on Roadshows and Conferences - Q2 2013
Cooling and freezing applications optimally
matched to our customers products
19
engineering for a better world
GEA’s food related technologies and product applications are also delivered into other customer industries
Segment Product example Examples of
food application
Examples of other
application
GEA Heat
Exchangers
Plate heat
exchangers
Milk production, beverage
processing
Marine, cargo, cruiser;
pulp and paper processing
GEA Mechanical
Equipment Separator
Dairy processing, beverage
processing
Oil & Gas, chemicals, water
treatment
GEA Process
Engineering Spray dryer
Milk powder, instant coffee,
food ingredient
Pharmaceutical active
ingredients, chemical
compounds
GEA Refrigeration
Technologies Compressor Frozen meals, brewery
Transportation, cargo,
storage
GEA on Roadshows and Conferences - Q2 2013 20
engineering for a better world
Spray Drying
Aseptic Filling
Brewery & Dairy Systems
Pharma Systems
Separators
Decanters
Homogenizers
Valves
Milking & Cooling
Farm Services
Farm Equipment
Finned, Shell & Tube
Cooling Towers
Plate Heat Exchangers
HVAC Systems
Compressors
Packages and Skids
Ice Machines
Freezers
Bowl Choppers
Spiral Cookers
Slicers
Thermoformers
Group structure
GEA Farm
Technologies GEA Heat Exchangers
GEA Mechanical
Equipment
GEA Process
Engineering
GEA Refrigeration
Technologies GEA Food Solutions
6 % of Group Sales
10 % of Group Sales
27 % of Group Sales
16 % of Group Sales
29 % of Group Sales
12 % of Group Sales
~ 100 %
food related
~ 100 %
food related
~ 6 %
food related
~ 54 %
food related
~ 68 %
food related
~ 61 %
food related
GEA on Roadshows and Conferences - Q2 2013
Operating EBIT FY 2012: -3.7%
Operating EBIT FY 2012: 8.0%
Operating EBIT FY 2012: 8.4%
Operating EBIT FY 2012: 20.2%
Operating EBIT FY 2012: 9.5%
Operating EBIT FY 2012: 8.1%
21
engineering for a better world
2,123 41%
2,021 46%
2,081 47%
2,781 51%
3,077 54%
673 425 337
324 341 725
638 586
631 614 259
256 221
263 299 414
245 225
303 336 311
190 186
188 186 616
522 599
662 644 104
114 184
264 224
0
1,000
2,000
3,000
4,000
5,000
6,000
2008* 2009 2010 2011 2012
Other Industries
Climate & Environment
Marine
Chemicals
Pharma
Power
Oil & Gas
Food & Beverage
* 2008 industry split based on industry reclassification announced in Q4 2009.
2,242 43%
2,009 46%
1,757 40%
2.013 37%
1,997 35%
850 16%
815 18%
971 22%
1.193 22%
1,321 23%
761 15% 634
14% 614 14%
711 13%
871 15%
610
347 407
547 560 298
235 260
366 393 161
196 241
292 296
255
175 168
294 282
0
1,000
2,000
3,000
4,000
5,000
6,000
2008 2009 2010 2011 2012
Middle - East
Africa
Latin America
Eastern Europe & CIS
North America
Asia - Pacific
Western Europe
Sa
les b
y C
us
tom
er
Ind
us
try s
inc
e 2
00
8
-37%
-5%
-12%
-39%
-4%
+34%
+8%
+1%
[in EUR million]
GEA on Roadshows and Conferences - Q2 2013
-21%
+3%
-8%
-2%
-768
(-15%)
4,418
5,179
4,411
5,417
Sa
les
by r
eg
ion
sin
ce
20
08
-4%
-10%
-17%
-43%
+19%
-13%
-3%
+17%
+23%
+15%
+16%
+34%
GEA exposure to Food and Asia-Pacific rising
5,720
-768
(-15%)
4,418
5,179
4,411
5,417 5,720
+11%
+5%
-3%
-1%
-1%
+11%
+22%
+2%
22
engineering for a better world
Stable investment behavior of food industry
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000M
ar-
05
Ju
n-0
5
Se
p-0
5
De
c-0
5
Ma
r-0
6
Ju
n-0
6
Se
p-0
6
De
c-0
6
Ma
r-0
7
Ju
n-0
7
Se
p-0
7
De
c-0
7
Ma
r-0
8
Ju
n-0
8
Se
p-0
8
De
c-0
8
Ma
r-0
9
Ju
n-0
9
Se
p-0
9
De
c-0
9
Ma
r-1
0
Ju
n-1
0
Se
p-1
0
De
c-1
0
Ma
r-1
1
Jun-1
1
Se
p-1
1
De
c-1
1
[EUR Million]
Rolling Capex*
Source: Citi Investment Research
* Capex Model based on >70 manufacturers
Despite volatile food price, food manufacturers’ expenditure (implied by
CAPEX) for durable capital goods, such as machinery, remains stable.
Ro
llin
g C
ap
ex
*
CAGR 2008-
2011: +9.3%
GEA Sales from Food
Industry CAGR 2008-
2011: +9.4%
GEA on Roadshows and Conferences - Q2 2013 23
engineering for a better world
Very diversified customer base 4 out of the top 10 customers coming from EM
Our largest customer in food industry has a revenue share of only 1.3 percent
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Top Customer Top 10 Top 50 Top 100 Top 150 Top 200
Re
ve
nu
e S
ha
re
Customer
GEA on Roadshows and Conferences - Q2 2013
4 out of the Top 10 customers are
already coming from Emerging Markets
GEA is independent of single customers
24
engineering for a better world
Cheese Fruit & Vegetables
Meat & Poultry Milk Powder
Fish & Shrimps …
Existing applications, e.g. New applications
…
…
…
Cross-application technology
… … ...
Cross-application M&A
A B
C
New application with many expected "white spots”
Attractive "white spots" ("sweet spots")
25
Portfolio Review Next Step: Continously developing more applications
GEA on Roadshows and Conferences - Q2 2013 25
engineering for a better world
54%
6%
11%
11%
5%
6% 3% 4%
35%
23%
15%
10%
7% 5%
5%
72%
7%
6%
4% 3%
3% 3% 2%
Pure Play: Focused and resilient end market exposure
GEA Group by customer industry
Food
Oil & Gas
Power
Pharma
Chemicals
Marine
Climate &
Environment
Other
GEA Group excl. HX by customer industry
GEA Group by region GEA Group excl. HX by region
Asia-Pacific
North
America
Latin
America
Eastern
Europe
Middle East Africa
Western
Europe
Food
Oil & Gas Power
Pharma
Chemicals
Marine
Climate &
Environment
Other
Sales
FY 2012:
EUR 4,142m
32%
26%
18%
10%
7% 4% 4%
Asia-Pacific
North
America
Latin
America
Eastern
Europe
Middle East Africa
Western
Europe
Sales
FY 2012:
EUR 5,720m
Sales
FY 2012:
EUR 4,142m
Sales
FY 2012:
EUR 5,720m
GEA on Roadshows and Conferences - Q2 2013 26
engineering for a better world
Investment plan to bolster GEA’s strategy
Examples for Systematic capital allocation
Organic
growth
M&A
R&D spent for development of new technologies
Expansion of service network
Penetration of new markets
Stronger focus on realization of intra-group
synergy potential
Bolt-on acquisitions (as in the past)
Acquisition of adjacent products to strengthen GEA’s
current portfolio
Acquisition of new technologies that can’t be
developed efficiently internally
Partnerships or acquisitions to unlock potential from
regional expansion (e.g. distribution channels)
Debt
reduction Leveraging operating cash flow to reduce debt levels
GEA on Roadshows and Conferences - Q2 2013 27
engineering for a better world 28
Increasingly stringent hygiene and safety regulations in end markets
Growth driven by shift in consumer preferences towards functional, processed and
convenience foods
Global leading positions with exceptionally high barriers to entry
Unrivalled quality and breadth of product range
Pure Play: Highly focused and resilient end market exposure
Balanced income split resting on strong food share of revenue of around 70-75 percent
1
2
3
4
5
6
The GEA Vision Key investment case post strategy implementation
GEA on Roadshows and Conferences - Q2 2013 28
engineering for a better world
Agenda
The GEA Group
Results Q2 2013
Backup
GEA on Roadshows and Conferences - Q2 2013 30
engineering for a better world
Order Intake
EUR 1,574m
Record order intake
Organic: +13% yoy driven by food industry
Sales
EUR 1,442m Organic: +5% yoy
Operating EBIT
EUR 126m +3% yoy
Outlook 2013 Excluding lower double-digit million costs relating to the strategy and
portfolio project, GEA confirms its previous business outlook for 2013
I. Key Figures Key Messages / Key Figures Q2 2013
GEA on Roadshows and Conferences - Q2 2013
Operating EBIT-Margin 8.8%; stable yoy
Book to Bill Ratio GEA Group L4Q: 1.04
Cash Generation Capacity Further reduction of Working Capital / Sales ratio Cash Flow Driver Margin
(LTM) improved to 9.0%
ROCE (LTM) 19.6%; +80 bps improvement yoy
31
engineering for a better world
75 73
122 126
2012 2013
Q2
Q1 5.9% 5.9%
8.8% 8.8%
2012 2013
Q2
Q1
1,264 1,233
1,391 1,442
2012 2013
Q2
Q11,545 1,447
1,401 1,574
2012 2013
Q2
Q1
I. Key Figures GEA Group Q1 – Q2 2013 YoY
GEA on Roadshows and Conferences - Q2 2013
[in EUR million]
Order Intake
+3%
Sales
+1%
Operating EBIT
+1%
2,946 3,021
-6%
+9%
2,655 2,675
-2%
+17%
197 199
-2%
+73%
Operating EBIT-Margin
+2 bps
7.4% 7.5%
+283 bps
+12% +4%
+3%
32
engineering for a better world
0 100 200 300 400 500 600
Q2 12
Q3 12
Q4 12
Q1 13
Q2 13
II. Performance Regional Order Intake Trend as of Q2 2013
GEA on Roadshows and Conferences - Q2 2013
0 400 800 1200 1600
Q2 12
Q3 12
Q4 12
Q1 13
Q2 13
0 100 200 300 400 500 600
Q2 12
Q3 12
Q4 12
Q1 13
Q2 13
0 100 200 300 400 500 600
Q2 12
Q3 12
Q4 12
Q1 13
Q2 13
0 100 200 300 400 500 600 700
Q2 12
Q3 12
Q4 12
Q1 13
Q2 13
0 100 200 300 400 500 600
Q2 12
Q3 12
Q4 12
Q1 13
Q2 13
0 100 200 300 400 500 600
Q2 12
Q3 12
Q4 12
Q1 13
Q2 13
0 100 200 300 400 500 600
Q2 12
Q3 12
Q4 12
Q1 13
Q2 13
Eastern Europe & CIS Western Europe
* LO: large orders with volume of greater than EUR 5m are illustrated at the end of the bars.
North America
Asia Pacific
∆ QoQ: -24%
w/o LO*: +7%
∆ YoY: -7%
w/o LO*: -2%
∆ QoQ: -33%
w/o LO*: -16%
∆ YoY: -23%
w/o LO*: -15%
∆ QoQ: +19%
w/o LO*: +8%
∆ YoY: +37%
w/o LO*: +12%
∆ QoQ: -2%
w/o LO*: +10%
∆ YoY: +16%
w/o LO*: +5%
∆ QoQ: +24%
w/o LO*: +50%
∆ YoY: +19%
w/o LO*: +19%
∆ QoQ: +9%
w/o LO*: -17%
∆ YoY: -41%
w/o LO*: -19%
∆ QoQ: +24%
w/o LO*: -3%
∆ YoY: +28%
w/o LO*: +3%
∆ QoQ: +9%
w/o LO*: +8%
∆ YoY: +12%
w/o LO*: +4%
[in EUR million]
Latin America
Middle East Africa GEA
33
engineering for a better world
662 673 739 777 767 809 879 905 991 954 916
1,005 982 966 959 961 988
140 156
203 210 185
223 210 214
231 228 241
281 233 265 229 209
282
59 105
52 88 95
69 82
178
178 161 183
129 114 132
138 142
142
101 76
16 93 106
146 72
63
63 60
162 130
72 114 151 134
162
0
200
400
600
800
1,000
1,200
1,400
1,600
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 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13
OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
II. Performance Large Order Development since Q3 2009
GEA on Roadshows and Conferences - Q2 2013
1,600
1,400
1,200
1,000
All order intake categories increased YoY but also QoQ
[in EUR million]
34
engineering for a better world
657
482 567 555 566
445
647 707 720
577
772 764 741
533
726 752
17.2%
16.4%
15.0%
13.9% 13.1%
12.4% 12.4% 12.4% 12.6% 12.6% 12.9% 13.3%
13.3%
13.2%
12.9% 12.5%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
0
100
200
300
400
500
600
700
800
900
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
Working Capital Working Capital (average LTM) as % of sales (LTM)
II. Performance Working Capital Development
GEA on Roadshows and Conferences - Q2 2013
- 470 bps
[in EUR million]
Further reduction of Working Capital / Sales ratio achieved
35
engineering for a better world
[in EUR million]
Others
Taxes / Interests
Delta Working Capital
EBITDA
Net Debt 30.6.2012
Net Debt 30.6.2013
Dividend
CAPEX
Discontinued Operations
(423.3)
(55.6)
(119.9)
(160.7)
2.7
640.7
(730.4)
(580.4)
(106.6)
(17.2)
(33.3)
Net Debt bef. DOP, M&A and Dividend
Effect from Acquisitions
II. Performance Net Liquidity Reconciliation
GEA on Roadshows and Conferences - Q2 2013
Cash generation LTM: > EUR 300m
Δ +EUR 307.1m
36
engineering for a better world
III. Outlook Key Figures FY 2013
GEA on Roadshows and Conferences - Q2 2013
Sales: moderate growth
Calculation Cash Flow Driver Margin:
EBITDA – Capex - / + Working Capital (LTM)
Sales Sales Sales
EBITDA*: around EUR 700m*
Assuming that there is no further downturn in global economic growth, we are aiming at the
following in the current fiscal year
Cash Flow Driver Margin*: at least 8%*
* These figures do not include costs relating to the strategy and portfolio project in the lower
double digit millions, resulting in particular from portfolio decision on June 20, 2013.
37
engineering for a better world
Agenda
The GEA Group
Results Q2 2013
Backup
GEA on Roadshows and Conferences - Q2 2013 38
engineering for a better world
11 14
36 41
41 43
28 28 8 6 2
-1
Q2 2012 Q2 2013
GEA FS
GEA FT
GEA HX
GEA ME
GEA PE
GEA RT
180 181
401 570
233 257
379 364 146 156 96 90
Q2 2012 Q2 2013
GEA FS
GEA FT
GEA HX
GEA ME
GEA PE
GEA RT
Backup: Key Figures Segments Q2 2013
GEA on Roadshows and Conferences - Q2 2013
1,401 1,574
+10%
-4%
+42%
0%
+7%
-7%
Operating EBIT Margin
[in EUR million]
+12%
Order Intake
165 189
401 436
218 241
404 386 133 134 102 93
Q2 2012 Q2 2013
GEA FS
GEA FT
GEA HX
GEA ME
GEA PE
GEA RT
1,391 1,442
+11%
-5%
+9
+15%
+1%
-8%
+4%
Sales
122 126
+15%
+5%
+29%
0%
-33%
+3%
Operating EBIT
Q2 2012 Q2 2013 YoY
GEA FS 1.8% -0.8% -264 bps
GEA FT 6.2% 4.1% -205 bps
GEA HX 6.8% 7.2% +35 bps
GEA ME 18.7% 17.8% -92 bps
GEA PE 8.9% 9.5% +56 bps
GEA RT 6.7% 7.6% +86 bps
GEA Group 8.8% 8.8% -5 bps
39
engineering for a better world
Backup: Performance Order Intake Q2 2013
GEA on Roadshows and Conferences - Q2 2013
Q2 2013 vs.
Q2 2012
Q1-Q2 2013 vs.
Q1-Q2 2012
Q2 2013 vs.
Q1 2013
Order Intake previous
period 1,401 2,946 1,447
Structural Change +9 +0.6% +15 +0.5% 0 0%
Currency Effects -21 -1.5% -39 -1.3% 0 0%
Organic Development +185 +13.2% +99 +3.4% +127 +8.8%
Order Intake current
period 1,574 +12.3% 3,021 +2.6% 1,574 +8.8%
∆ abs. ∆ in %
∆ abs. ∆ in %
∆ abs. ∆ in %
[in EUR million]
40
engineering for a better world
35% (36%)
24% (22%)
15% (14%)
10% (10%)
6% (7%)
5% (5%)
5% (5%)
Emerging markets*
exposure: 42% (42%) abs.: +1% YoY
Sales L4Q per
Q2 2013:
EUR 5,740m
+1% YoY
Backup: Performance Regional Sales Split L4Q per Q2 2013
GEA on Roadshows and Conferences - Q2 2013
Germany
10% (10%) abs.: -1% YoY
USA
14% (13%) abs.: +8% YoY
China
11% (10%) abs.: +8% YoY
Top 3 Countries
Western Europe abs.: -1% YoY
Asia-Pacific abs.: +7% YoY
North America
abs.: +7% YoY
Latin America abs.: -10% YoY
Eastern Europe
& CIS abs.: -5% YoY
Middle East abs.: -8% YoY
Africa abs.: +1% YoY
* According to the definition of emerging/developing economies by International Monetary Fund.
41
engineering for a better world
24% 33%
9%
10% 20%
16% 6%
6% 9%
7% 6%
6% 7%
5% 3%
3% 12%
11% 5%
4%
Q2 2012 Q2 2013
Other Industries
Climate & Environment
Marine
Chemicals
Pharma
Power
Oil & Gas
Food - Solid
Food - Beverages
Food - Dairy
Backup: Performance Order Intake by Customer Industry since Q4 2009*
* Average last four quarters: Q1 – Q4 2009 = Index 100
Δ+54%
Δ+6%
Δ-8%
Δ+24%
Δ-13%
Δ+4%
Δ-18%
Δ+10%
Δ-19%
Δ 0%
+12%
1,401 1,574
GEA on Roadshows and Conferences - Q2 2013
60%
80%
100%
120%
140%
160%
180%
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
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
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
Oil & Gas Power
Climate & Environment GEA Group
Food
exposure:
59%
42
engineering for a better world
Book to bill ratio (L4Q)
Q2 2013
Food - Dairy 1.35 10.8% 1.08 2.6% 1.11 6.0% 1.05 2.0% 0.98 0.9% 0.81 0.6% 0.83 4.7% 1.10 27.6%
Food - Liquid 1.18 2.9% 0.99 0.9% 1.27 1.6% 1.72 1.0% 1.28 0.8% 1.11 0.3% 1.16 4.1% 1.20 11.6%
Food - Solid 1.03 7.6% 1.26 2.1% 0.81 2.3% 0.86 1.1% 1.02 1.1% 0.79 0.7% 0.92 2.9% 0.97 17.7%
Total Food & Beverages 1.19 21.4% 1.13 5.6% 1.04 9.8% 1.09 4.0% 1.07 2.7% 0.85 1.6% 0.95 11.8% 1.08 57.0%
Oil & Gas 1.25 1.2% 0.74 0.9% 1.16 1.1% 0.59 0.4% 1.06 0.5% 1.41 0.6% 1.24 1.7% 1.06 6.4%
Power 0.93 2.2% 1.09 0.3% 1.32 1.3% 0.77 0.5% 0.44 0.6% 0.85 1.3% 0.82 1.6% 0.86 7.7%
Total Energy 1.02 3.3% 0.81 1.2% 1.24 2.4% 0.68 0.9% 0.59 1.1% 0.98 1.9% 0.99 3.4% 0.94 14.1%
Pharma 1.00 1.7% 1.22 0.5% 0.88 0.7% 1.51 0.3% 2.72 0.2% 0.66 0.1% 1.17 2.0% 1.10 5.6%
Chemicals 1.28 1.9% 0.90 0.4% 0.71 0.7% 0.96 0.4% 0.74 0.0% 1.01 0.3% 0.92 2.1% 0.98 5.8%
Marine 0.97 1.4% 0.41 0.0% 1.03 0.1% 1.74 0.1% 1.00 0.0% 1.27 0.0% 0.84 1.0% 0.92 2.7%
Climate & Environment 1.02 6.8% 0.99 1.6% 1.20 1.1% 1.48 0.3% 0.76 0.2% 1.15 0.4% 1.06 0.8% 1.04 11.2%
Other Industries 0.98 1.4% 2.19 0.4% 1.36 0.5% 1.11 0.3% 0.80 0.1% 1.37 0.2% 0.99 0.9% 1.11 3.7%
Other 1.04 13.1% 1.07 2.9% 0.98 3.1% 1.23 1.4% 1.11 0.5% 1.07 1.0% 0.99 6.8% 1.03 28.9%
Total 1.12 37.9% 1.06 9.8% 1.05 15.3% 1.03 6.2% 0.89 4.3% 0.95 4.5% 0.97 22.0% 1.04 100.0%
Asia - Pacific TotalWestern
Europe
Eastern Europe &
CIS
North America Latin America Africa Middle - East
Backup: Performance Book to Bill Ratios by Industry/Region L4Q
GEA on Roadshows and Conferences - Q2 2013
<= 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
43
engineering for a better world
2,301 2,469 2,424 2,414
2,667 2,771 2,756
2,677
2,936 2,967 2,968
2,752
2,950 2,919
0
500
1000
1500
2000
2500
3000
3500
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
Order Backlog invoicable in respective FY Order Backlog invoicable after respective FY Order Intake Sales
3,000
2,500
2,000
1,500
1,000
500
0
3,500
Backup: Performance Top Line Trend / Order Backlog
GEA on Roadshows and Conferences - Q2 2013
L4Q BtB ratio
1,700
1,071
1,800
1,167
1,800
1,119
1.00 1.04 1.06 1.06 1.03 1.03 0.94 0.98 1.06 1.04 1.04
#
[in EUR million]
1.02
1,500
969
1.03 1.04
44
engineering for a better world
Backup: Performance Service Business Q1-Q2 2013
636
69
110 109
148
107 93
635
71
114
83
155
119
93
GEA Group GEA FS* GEA FT GEA HX GEA ME GEA PE GEA RT
Service business as % of sales
Change in service sales Q1-Q2 2013 yoy: -0.1% to a total of EUR 635m
Share of service sales Q1-Q2 2013: 23.7% (Q1-Q2 2012: 23.9%)
44%
0%
+4% 0%
%
47% 24% 24%
41% 14% 12%
34% 34%
14% 14%
30% 27%
+4%
+12%
-24%
35%
GEA on Roadshows and Conferences - Q2 2013
[in EUR million]
Q1-Q2 2012 Q1-Q2 2013
+2%
* Calculated w/o one-time POC-related accounting adjustments of EUR 42m (in the denominator) in Q1 2012.
45
engineering for a better world
Backup: Performance GEA Food Solutions
GEA on Roadshows and Conferences - Q2 2013
Order Intake by Customer Industry Order Intake by Region
[in EUR million]
Order Intake
Q2
2012
Q2
2013 ∆
(%)
95.8 89.6 -6.5
thereof organic: -6.1
Sales
Q2
2012
Q2
2013 ∆
(%)
101.6 93.4 -8.1
thereof organic: -7.7
Operating EBIT*
Q2
2012
Q2
2013 ∆
(%)
1.8 -0.8 -141.9
Operating EBIT* Margin (%)
Q2
2012
Q2
2013 ∆
(bps)
1.8 -0.8 -264
100% 100%
Q2 2012 Q2 2013
Food &Beverages
37% 43%
14% 20%
17%
16% 9%
7% 8% 6% 2%
6% 14% 3%
Q2 2012 Q2 2013
Eastern Europe& CIS
Africa
Latin America
Middle - East
North America
Asia - Pacific
Western Europe
Δ -6%
Δ +10%
Δ +35%
Δ -12%
Δ -35%
Δ -80%
Δ +232% Δ -27%
* Before PPA and non-recurring items of EUR 3.7m in Q2 2012.
46
engineering for a better world
Backup: Performance GEA Food Solutions
GEA on Roadshows and Conferences - Q2 2013
73 71 77 77 74 67 84
71 67
17 13
35 20 22
15
10
4 14
14 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 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
Quarterly Large Order Development#
# Without orders from CFS Kempten, which was disposed in Dec. 2011.
[in EUR million]
* As reported in statements, after 42m POC-related accounting adjustments in 2012.
** Before PPA and non-recurring items of EUR 39.5m in H1 2012.
Order Intake
H1
2012
H1
2013 ∆
(%)
193.2 165.4 -14.4
thereof organic: -14.1
Sales*
H1
2012
H1
2013 ∆
(%)
154.3 173.1 +12.2
thereof organic: +12.5
Operating EBIT**
H1
2012
H1
2013 ∆
(%)
-7.5 -6.4 +15.3
Operating EBIT** Margin (%)
H1
2012
H1
2013 ∆
(bps)
-4.9 -3.7 +119
47
engineering for a better world
Backup: Performance GEA Farm Technologies
GEA on Roadshows and Conferences - Q2 2013
Order Intake by Customer Industry Order Intake by Region
[in EUR million]
38% 37%
33% 32%
6% 14% 15%
8% 8% 8%
Q2 2012 Q2 2013
Latin America
Eastern Europe& CIS
Asia - Pacific
North America
Western Europe
100% 100%
Q2 2012 Q2 2013
Food &Beverages
Δ +7%
Δ +6%
Δ +4%
Δ +8%
Δ -38%
Δ +145%
Order Intake
Q2
2012
Q2
2013 ∆
(%)
145.7 155.7 +6.8
thereof organic: +3.5
Sales
Q2
2012
Q2
2013 ∆
(%)
133.1 133.8 +0.5
thereof organic: -1.1
Operating EBIT
Q2
2012
Q2
2013 ∆
(%)
8.2 5.5 -32.9
Operating EBIT Margin (%)
Q2
2012
Q2
2013 ∆
(bps)
6.2 4.1 -205
48
engineering for a better world
Backup: Performance GEA Farm Technologies
GEA on Roadshows and Conferences - Q2 2013
Quarterly Large Order Development
[in EUR million]
95 101 94 99 100 116 115 116 126 130
140 129
147 144 146 143 139 151
1 1
3
1 1 1 5
0
20
40
60
80
100
120
140
160
180
Q1 09 Q2 09 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 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
Order Intake
H1
2012
H1
2013 ∆
(%)
293.8 294.4 +0.2
thereof organic: -1.7
Sales
H1
2012
H1
2013 ∆
(%)
250.8 244.6 -2.5
thereof organic: -4.6
Operating EBIT
H1
2012
H1
2013 ∆
(%)
10.1 5.6 -44.2
Operating EBIT Margin (%)
H1
2012
H1
2013 ∆
(bps)
4.0 2.3 -173
49
engineering for a better world
Backup: Performance GEA Heat Exchangers
GEA on Roadshows and Conferences - Q2 2013
Order Intake by Region
[in EUR million]
33% 39%
30% 25%
15% 17%
5% 6%
6% 4%
4% 4%
7% 5%
Q2 2012 Q2 2013
Other Industries
Marine
Food &Beverages
Chemicals
Oil & Gas
Power
Climate &Environment
44% 46%
14% 19%
11% 13%
7% 8%
11% 6%
7% 6%
6% 3%
Q2 2012 Q2 2013
Africa
Latin America
Middle - East
North America
Eastern Europe& CIS
Asia - Pacific
Western Europe
Δ +11%
Δ -23%
Δ +15% Δ -34% Δ -2% Δ -37%
Δ -2%
Δ +24%
Δ +11%
Δ +10%
Δ -55% Δ -30% Δ -52%
Δ +6%
Order Intake
Q2
2012
Q2
2013 ∆
(%)
379.0 363.5 -4.1
thereof organic: -2.7
Sales
Q2
2012
Q2
2013 ∆
(%)
404.3 385.9 -4.6
thereof organic: -3.2
Operating EBIT
Q2
2012
Q2
2013 ∆
(%)
27.6 27.7 +0.4
Operating EBIT Margin (%)
Q2
2012
Q2
2013 ∆
(bps)
6.8 7.2 +35
Order Intake by Customer Industry
50
engineering for a better world
Backup: Performance GEA Heat Exchangers
GEA on Roadshows and Conferences - Q2 2013
Quarterly Large Order Development
[in EUR million]
Order Intake
H1
2012
H1
2013 ∆
(%)
785.0 725.4 -7.6
thereof organic: -6.4
Sales
H1
2012
H1
2013 ∆
(%)
794.0 704.0 -11.3
thereof organic: -10.1
Operating EBIT
H1
2012
H1
2013 ∆
(%)
51.6 45.3 -12.1
Operating EBIT Margin (%)
H1
2012
H1
2013 ∆
(bps)
6.5 6.4 -6
258 252 226 212 250 266 256 239
290 294 276 254 281 272 274 225
261 276
51 39 48
47
40 52
46 74 37 47 61
33
62 66 45
54
65 48 45
27 7 27
14
27 30 7
18 42 32
72
33 12
8 31
12 40
60
21 84 15
53 73 80 31
63
0
104 30
28 49
39 24
0
50
100
150
200
250
300
350
400
450
500
Q1 09 Q2 09 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 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
51
engineering for a better world
Backup: Performance GEA Mechanical Equipment
GEA on Roadshows and Conferences - Q2 2013
Order Intake by Region
[in EUR million]
57% 53%
12% 12%
5% 8% 7%
7% 3% 7% 6%
7% 8%
5% 2% 2%
Q2 2012 Q2 2013
Other Industries
Chemicals
Pharma
Power
Oil & Gas
Climate &EnvironmentMarine
Food &Beverages
31% 32%
31% 29%
18% 21%
13% 6% 3% 6% 3%
4% 2%
2%
Q2 2012 Q2 2013
Africa
Eastern Europe& CIS
Middle - East
Latin America
North America
Western Europe
Asia - Pacific
Δ -1%
Δ +6%
Δ +12% Δ +136% Δ +30%
Δ +79%
Δ +15%
Δ 0%
Δ +30%
Δ -48% Δ +126% Δ +22% Δ +42% Δ +5%
Δ -30%
Order Intake
Q2
2012
Q2
2013 ∆
(%)
233.2 256.8 +10.1
thereof organic: +11.3
Sales
Q2
2012
Q2
2013 ∆
(%)
217.6 240.5 +10.6
thereof organic: +11.4
Operating EBIT
Q2
2012
Q2
2013 ∆
(%)
40.7 42.8 +5.1
Operating EBIT Margin (%)
Q2
2012
Q2
2013 ∆
(bps)
18.7 17.8 -92
Order Intake by Customer Industry
52
engineering for a better world
Backup: Performance GEA Mechanical Equipment
GEA on Roadshows and Conferences - Q2 2013
Quarterly Large Order Development
[in EUR million]
Order Intake
H1
2012
H1
2013 ∆
(%)
472.0 510.7 +8.2
thereof organic: +8.3
Sales
H1
2012
H1
2013 ∆
(%)
434.2 459.0 +5.7
thereof organic: +5.6
Operating EBIT
H1
2012
H1
2013 ∆
(%)
76.9 81.1 +5.5
Operating EBIT Margin (%)
H1
2012
H1
2013 ∆
(bps)
17.7 17.7 -3
173 138 143 143
167 188
167 179 199 193 199 189
214 206 204 205 218 233
15
17 15 13 5
6 12 3
20 29 18 15
19 20 29 16 14
24
7
7 13
13
9 5 6 7
12 5 33 17
0
50
100
150
200
250
300
Q1 09 Q2 09 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 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
53
engineering for a better world
Backup: Performance GEA Process Engineering
GEA on Roadshows and Conferences - Q2 2013
Order Intake by Region
[in EUR million]
64%
75%
17%
13%
9%
6%
6%
4%
4%
2%
Q2 2012 Q2 2013
Other Industries
Climate &Environment
Chemicals
Pharma
Food &Beverages
31%
46%
37%
30%
6%
9%
3%
6%
12%
5%
6%
4%
4%
1%
Q2 2012 Q2 2013
Middle - East
Latin America
North America
Africa
Eastern Europe& CIS
Asia - Pacific
Western Europe
Δ +69%
Δ +8%
Δ -13% Δ -18% Δ -4%
Δ +108%
Δ +13%
Δ +100%
Δ +206% Δ -38% Δ -12% Δ -77%
Order Intake
Q2
2012
Q2
2013 ∆
(%)
401.2 570.0 +42.1
thereof organic: +43.2
Sales
Q2
2012
Q2
2013 ∆
(%)
401.2 435.6 +8.6
thereof organic: +10.0
Operating EBIT
Q2
2012
Q2
2013 ∆
(%)
35.8 41.2 +15.3
Operating EBIT Margin (%)
Q2
2012
Q2
2013 ∆
(bps)
8.9 9.5 +56
Order Intake by Customer Industry
54
engineering for a better world
Backup: Performance GEA Process Engineering
GEA on Roadshows and Conferences - Q2 2013
Quarterly Large Order Development
[in EUR million]
Order Intake
H1
2012
H1
2013 ∆
(%)
912.5 1,051.2 +15.2
thereof organic: +16.7
Sales
H1
2012
H1
2013 ∆
(%)
774.4 830.0 +7.2
thereof organic: +8.4
Operating EBIT
H1
2012
H1
2013 ∆
(%)
52.3 66.9 +27.9
Operating EBIT Margin (%)
H1
2012
H1
2013 ∆
(bps)
6.8 8.1 +131
122 121 119 140 138 117 136 177 169 178 167 159 186 175 170 197 174 170
81 49 66
80 143
121 110
119 133 122 116 121 144
107 132 100 104
155 48
79 52 55
38 61 43
58 59 127
90 111 82
75 101 94 126
82
60 17
60 16 40 33
66 41 60
58
100
44
65 79 78
162
0
100
200
300
400
500
600
Q1 09 Q2 09 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 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
55
engineering for a better world
Backup: Performance GEA Refrigeration Technologies
GEA on Roadshows and Conferences - Q2 2013
Order Intake by Region
[in EUR million]
55% 65%
8%
8% 11% 6%
8% 4%
14% 13%
Q2 2012 Q2 2013
Other Industries
Climate &Environment
Chemicals
Oil & Gas
Food &Beverages
39% 41%
14% 15%
8% 13%
15% 11%
8% 10%
14% 8%
2% 3%
Q2 2012 Q2 2013
Latin America
Middle - East
Africa
North America
Eastern Europe& CIS
Asia - Pacific
Western Europe
Δ +17%
Δ -9%
Δ -49%
Δ -13%
Δ -46%
Δ +3%
Δ +7%
Δ +49%
Δ -29%
Δ +18%
Δ -44%
Δ +53%
Order Intake
Q2
2012
Q2
2013 ∆
(%)
180.4 181.2 +0.4
thereof organic: +2.5
Sales
Q2
2012
Q2
2013 ∆
(%)
165.2 189.2 +14.5
thereof organic: +16.5
Operating EBIT
Q2
2012
Q2
2013 ∆
(%)
11.1 14.3 +29.2
Operating EBIT Margin (%)
Q2
2012
Q2
2013 ∆
(bps)
6.7 7.6 +86
Order Intake by Customer Industry
56
engineering for a better world
Backup: Performance GEA Refrigeration Technologies
GEA on Roadshows and Conferences - Q2 2013
Quarterly Large Order Development
[in EUR million]
Order Intake
H1
2012
H1
2013 ∆
(%)
358.3 359.1 +0.2
thereof organic: +1.9
Sales
H1
2012
H1
2013 ∆
(%)
314.8 341.2 +8.4
thereof organic: +10.1
Operating EBIT
H1
2012
H1
2013 ∆
(%)
19.8 21.7 +9.2
Operating EBIT Margin (%)
H1
2012
H1
2013 ∆
(bps)
6.3 6.3 +5
111 110 105 105 113 121 122 120 128 145
126 135 140 139 146 142 140 134
18 17 10 16
14 30 17 27 19
17
20 35 29 22
44 50 22 35
10 15 10
10 5 6 19
8 20
10 6
12 16
0
50
100
150
200
250
Q1 09 Q2 09 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 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
57
engineering for a better world
Backup: Outlook Additional Financial Information for 2013
GEA on Roadshows and Conferences - Q2 2013
Tax rate in P&L after impact from tax around 22.5%
loss carry forwards:
Impact from PPA in 2013 and in around EUR 25m p.a.
subsequent years: thereof GEA FS around EUR 14m p.a.
Sustainable capex level: around 2.0% of sales
Working Capital LTM: approx. 12% - 14% of sales LTM
Interest result: interest rate for financial liabilities
(excl. pensions) below 4% p.a.
Dividend policy: around 1/3 of net income
Depreciation & amortization: amounted to around EUR 145m in FY 2012
58
engineering for a better world
Investor Relations Calendar Upcoming Roadshows and Conferences
GEA on Roadshows and Conferences - Q2 2013
August 2, 2013 Roadshow Germany Frankfurt
July 31 & August 1-2, 2013 Roadshow Ireland & UK Dublin, London
August 27-28, 2013 Roadshow Scandinavia Stockholm, Helsinki
August 30, 2013 Conference Germany Frankfurt
Sept 16-19, 2013 Roadshow/Conference North America New York, Boston,
Toronto
Sept 3-6, 2013 Roadshow / Conference UK Edinburgh, London
Sept 11-12, 2013 Roadshow Switzerland Zurich
Sept 19, 24-25, 2013 Conference Germany Frankfurt, Munich
Sept 5, 2013 Roadshow Denmark Copenhagen
Oct 8-9, 2013 Roadshow UK London
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engineering for a better world
Financial Calendar
GEA on Roadshows and Conferences - Q2 2013
October 31, 2013 Interim Report Q3 2013
March 7, 2014 Annual Report FY 2013
60
engineering for a better world
848
813
806
1,278
1,274
1,323
691
687
730
671
675
647
764
726
752
Backup: Performance GEA Group Working Capital Development
GEA on Roadshows and Conferences - Q2 2013
Trade
Receivables Inventories
Trade
Payables Advance
Payments
Working
Capital
Q1 2013
Q2 2013
+48
+4%
-7
-1%
+43
+6%
-28
-4%
+26
+4%
Q2 2012
-3
-0%
-34
-4%
-4
-1%
+4
+1%
-38
-5%
_
_
_
[in EUR million]
61
engineering for a better world
Backup: Performance GEA Group & Segments Key Figures Time Line (1/5)
GEA on Roadshows and Conferences - Q2 2013
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 Heat Exchangers 485.0 416.4 389.1 431.4 1,721.9 413.6 338.9 365.0 301.3 1,418.7 304.4 398.3 404.1 399.2 1,506.0
GEA Mechanical Equipment 257.4 258.0 237.0 177.0 929.4 194.9 162.2 158.6 169.4 685.1 172.0 194.7 191.9 181.8 740.4
GEA Process Engineering 367.3 355.4 346.4 264.4 1,333.6 251.0 308.7 254.0 334.6 1,148.3 335.7 339.0 321.7 419.7 1,416.1
GEA Refrigeration Technologies 174.1 152.3 144.2 143.3 613.9 138.9 143.2 114.3 130.3 526.6 127.5 150.6 148.9 152.5 579.6
GEA Group 1,374.3 1,272.7 1,223.5 1,113.3 4,983.9 1,072.5 1,036.0 962.3 1,009.9 4,080.7 1,010.2 1,167.3 1,152.6 1,247.8 4,578.0
Order Backlog
[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 Heat Exchangers 1,348.3 1,344.1 1,291.7 1,172.1 1,172.1 1,203.6 1,165.3 1,142.6 1,008.6 1,008.6 1,006.7 1,061.1 1,071.3 1,086.9 1,086.9
GEA Mechanical Equipment 290.8 357.5 376.5 338.0 338.0 325.6 303.5 285.2 280.8 280.8 298.3 319.1 306.1 284.1 284.1
GEA Process Engineering 850.7 830.9 826.6 666.2 666.2 651.5 658.2 627.9 660.2 660.2 757.6 821.2 788.9 813.0 813.0
GEA Refrigeration Technologies 241.9 235.5 236.8 204.1 204.1 222.4 231.7 196.7 169.9 169.9 183.8 203.9 205.9 183.8 183.8
GEA Group 2,822.6 2,857.8 2,823.8 2,450.7 2,450.7 2,476.2 2,435.3 2,312.2 2,164.1 2,164.1 2,301.1 2,468.5 2,423.7 2,414.0 2,414.0
Sales
[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 Heat Exchangers 398.7 449.8 481.7 529.0 1,859.2 387.0 421.2 372.0 443.1 1,623.4 340.9 370.8 361.6 410.1 1,483.4
GEA Mechanical Equipment 196.9 190.7 210.9 211.2 809.7 200.0 179.9 163.8 174.0 717.5 156.7 173.7 193.1 201.9 725.4
GEA Process Engineering 328.2 395.8 364.5 398.9 1,487.4 270.7 281.9 278.1 313.2 1,144.0 256.9 298.5 330.9 402.2 1,288.5
GEA Refrigeration Technologies 132.5 159.3 142.9 175.9 610.6 122.3 136.9 148.2 158.2 565.6 117.4 135.3 139.7 171.3 563.7
GEA Group 1,127.2 1,295.8 1,318.0 1,438.0 5,179.0 1,054.5 1,103.9 1,060.8 1,191.9 4,411.2 938.2 1,065.1 1,124.7 1,290.4 4,418.4
EBITDA reported
[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 Heat Exchangers 42.6 55.7 65.2 79.8 243.2 35.5 30.7 35.2 59.4 160.8 32.1 23.4 18.7 15.2 89.4
GEA Mechanical Equipment 30.1 32.9 32.8 43.5 139.3 26.7 23.1 26.6 27.1 103.5 24.8 25.3 28.9 45.2 124.1
GEA Process Engineering 12.1 26.1 28.0 47.0 113.2 10.2 14.0 11.2 30.9 66.4 14.7 19.8 22.8 48.1 105.4
GEA Refrigeration Technologies 7.7 11.9 11.7 16.9 48.1 4.0 8.1 3.9 6.6 22.5 3.7 7.5 7.1 2.6 21.0
GEA Group 94.5 138.6 152.7 200.1 585.9 76.7 82.3 87.9 121.8 368.7 76.8 83.3 86.7 118.9 365.7
EBITDA-Margin reported
[in %] Q1 08 Q2 08 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% 6.1% 9.1% 5.2% 5.6% 4.4% 5.4% 9.8% 9.7% 7.7%
GEA Heat Exchangers 10.7% 12.4% 13.5% 15.1% 13.1% 9.2% 7.3% 9.5% 13.4% 9.9% 9.4% 6.3% 5.2% 3.7% 6.0%
GEA Mechanical Equipment 15.3% 17.3% 15.5% 20.6% 17.2% 13.4% 12.8% 16.2% 15.6% 14.4% 15.8% 14.6% 14.9% 22.4% 17.1%
GEA Process Engineering 3.7% 6.6% 7.7% 11.8% 7.6% 3.8% 5.0% 4.0% 9.9% 5.8% 5.7% 6.6% 6.9% 12.0% 8.2%
GEA Refrigeration Technologies 5.8% 7.5% 8.2% 9.6% 7.9% 3.3% 5.9% 2.6% 4.2% 4.0% 3.2% 5.5% 5.1% 1.5% 3.7%
GEA Group 8.4% 10.7% 11.6% 13.9% 11.3% 7.3% 7.5% 8.3% 10.2% 8.4% 8.2% 7.8% 7.7% 9.2% 8.3%
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Backup: Performance GEA Group & Segments Key Figures Time Line (2/5)
GEA on Roadshows and Conferences - Q2 2013
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
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
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
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
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
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
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
GEA Group 1,242.1 1,462.5 1,402.8 1,502.2 5,609.7 1,544.9 1,401.0 1,477.3 1,477.9 5,901.1 1,447.1 1,574.0
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
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
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
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
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
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
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
GEA Group 2,666.6 2,770.6 2,755.7 2,677.3 2,677.3 2,935.6 2,967.4 2,967.8 2,751.6 2,751.6 2,950.0 2,919.1
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
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
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
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
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
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
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
GEA Group 1,038.0 1,349.0 1,397.4 1,632.2 5,416.5 1,263.7 1,391.3 1,445.6 1,619.6 5,720.1 1,232.7 1,441.9
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
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
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
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
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
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
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
GEA Group 91.9 116.0 167.4 234.9 610.2 64.7 142.4 162.9 226.9 597.0 98.1 152.4
EBITDA-Margin reported
[in %] Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13
GEA Food Solutions1) 5.5% -12.8% 7.7% 9.2% 2.1% -81.8% -0.7% -5.3% -23.5% -20.9% -5.1% 1.0%
GEA Farm Technologies 5.0% 7.1% 10.8% 10.9% 8.9% 4.2% 8.5% 11.3% 14.1% 10.0% 2.5% 6.4%
GEA Heat Exchangers 8.7% 9.0% 11.1% 10.5% 9.9% 8.4% 8.9% 9.6% 14.5% 10.4% 8.2% 9.4%
GEA Mechanical Equipment 17.1% 21.5% 21.2% 24.1% 21.2% 18.5% 20.4% 22.3% 25.6% 21.9% 19.5% 19.7%
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%
GEA Refrigeration Technologies 6.7% 8.6% 8.5% 12.0% 9.1% 7.3% 8.1% 9.0% 12.2% 9.4% 6.3% 8.9%
GEA Group 8.9% 8.6% 12.0% 14.4% 11.3% 5.1% 10.2% 11.3% 14.0% 10.4% 8.0% 10.6%
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Backup: Performance GEA Group & Segments Key Figures Time Line (3/5)
GEA on Roadshows and Conferences - Q2 2013
EBIT before PPA & non-recurring items
[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 Heat Exchangers 36.5 49.3 58.4 72.3 216.6 28.5 29.8 37.0 49.0 144.3 24.5 25.1 29.2 40.0 118.8
GEA Mechanical Equipment 27.2 29.9 29.6 39.7 126.4 23.3 19.4 24.7 32.8 100.2 20.8 22.8 33.6 39.7 117.0
GEA Process Engineering 9.5 23.5 25.2 43.6 101.8 8.0 14.2 18.0 35.5 75.7 11.5 17.2 19.8 44.7 93.2
GEA Refrigeration Technologies 5.9 10.0 9.9 15.4 41.2 2.5 6.6 3.1 8.9 21.1 1.9 6.3 7.3 13.9 29.4
GEA Group 77.1 120.6 133.6 179.1 510.4 57.9 73.3 89.4 121.4 341.9 54.4 73.6 94.5 144.3 366.8
EBIT-Margin before PPA & non-recurring items
[in %] Q1 08 Q2 08 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 Heat Exchangers 9.2% 11.0% 12.1% 13.7% 11.7% 7.4% 7.1% 9.9% 11.1% 8.9% 7.2% 6.8% 8.1% 9.8% 8.0%
GEA Mechanical Equipment 13.8% 15.7% 14.0% 18.8% 15.6% 11.6% 10.8% 15.1% 18.8% 14.0% 13.3% 13.1% 17.4% 19.7% 16.1%
GEA Process Engineering 2.9% 5.9% 6.9% 10.9% 6.8% 3.0% 5.0% 6.5% 11.3% 6.6% 4.5% 5.8% 6.0% 11.1% 7.2%
GEA Refrigeration Technologies 4.5% 6.3% 6.9% 8.7% 6.8% 2.0% 4.8% 2.1% 5.6% 3.7% 1.6% 4.6% 5.3% 8.1% 5.2%
GEA Group 6.8% 9.3% 10.1% 12.5% 9.9% 5.5% 6.6% 8.4% 10.2% 7.8% 5.8% 6.9% 8.4% 11.2% 8.3%
EBIT before restructuring2)
[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 4.1 11.6 18.8 18.8 53.4 -1.6 5.6 7.9 6.6 18.5 0.5 2.5 8.2 12.6 23.9
GEA Heat Exchangers 36.4 49.1 58.1 71.8 215.4 27.9 29.2 36.4 48.5 142.0 23.9 24.5 28.6 37.2 114.3
GEA Mechanical Equipment 27.0 29.7 29.4 39.5 125.6 23.0 19.2 24.5 32.6 99.3 20.6 22.6 33.4 39.5 116.2
GEA Process Engineering 9.2 23.1 24.8 43.1 100.2 7.6 13.7 17.6 35.0 73.9 11.1 16.7 19.3 44.1 91.3
GEA Refrigeration Technologies 5.9 9.8 9.7 15.2 40.7 2.2 6.4 2.9 8.0 19.4 1.6 6.0 7.1 13.6 28.3
GEA Group 76.1 119.3 131.8 177.1 504.2 56.0 71.2 87.2 118.8 333.2 52.3 71.4 92.3 139.7 355.8
Capital Employed w/o goodwill3) (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 n.a. n.a. n.a. 204.0 204.0 219.7 235.5 241.7 241.4 241.4 250.5 260.9 271.3 284.0 284.0
GEA Heat Exchangers n.a. n.a. n.a. 707.3 707.3 757.2 789.7 793.4 752.0 752.0 711.8 687.1 677.7 672.8 672.8
GEA Mechanical Equipment n.a. n.a. n.a. 349.8 349.8 364.3 371.3 374.2 367.7 367.7 346.5 327.9 309.9 300.7 300.7
GEA Process Engineering n.a. n.a. n.a. 270.6 270.6 274.2 276.2 269.7 255.1 255.1 241.1 235.7 237.8 238.9 238.9
GEA Refrigeration Technologies n.a. n.a. n.a. 221.1 221.1 236.8 249.9 258.6 258.7 258.7 244.9 226.6 202.4 177.9 177.9
GEA Group n.a. n.a. n.a. 1,772.4 1,772.4 1,853.4 1,903.4 1,899.0 1,835.9 1,835.9 1,780.9 1,750.3 1,738.4 1,739.9 1,739.9
ROCE w/o goodwill4) 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 n.a. n.a. n.a. 26.2% 26.2% 21.7% 17.7% 12.7% 7.7% 7.7% 8.2% 6.7% 6.6% 8.4% 8.4%
GEA Heat Exchangers n.a. n.a. n.a. 30.5% 30.5% 27.3% 23.7% 20.8% 18.9% 18.9% 19.4% 19.4% 18.5% 17.0% 17.0%
GEA Mechanical Equipment n.a. n.a. n.a. 35.9% 35.9% 33.4% 29.9% 28.4% 27.0% 27.0% 28.0% 30.6% 35.2% 38.6% 38.6%
GEA Process Engineering n.a. n.a. n.a. 37.0% 37.0% 36.0% 32.3% 30.4% 29.0% 29.0% 32.1% 34.1% 34.6% 38.2% 38.2%
GEA Refrigeration Technologies n.a. n.a. n.a. 18.4% 18.4% 15.6% 13.4% 10.3% 7.5% 7.5% 7.7% 8.1% 11.2% 15.9% 15.9%
GEA Group n.a. n.a. n.a. 28.4% 28.4% 26.1% 22.9% 20.6% 18.2% 18.2% 18.5% 18.8% 19.3% 20.4% 20.4%
64
engineering for a better world
Backup: Performance GEA Group & Segments Key Figures Time Line (4/5)
GEA on Roadshows and Conferences - Q2 2013
EBIT before PPA & non-recurring items
[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
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
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
GEA Heat Exchangers 20.8 26.5 37.9 36.7 121.8 24.0 27.6 31.3 52.1 135.0 17.7 27.7
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
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
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
GEA Group 69.0 109.7 139.8 206.1 524.6 74.7 122.5 146.7 216.8 560.8 73.1 126.3
EBIT-Margin before PPA & non-recurring items
[in %] Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13
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%
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%
GEA Heat Exchangers 6.1% 6.8% 8.9% 7.9% 7.5% 6.2% 6.8% 8.0% 12.3% 8.4% 5.6% 7.2%
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%
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%
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%
GEA Group 6.6% 8.1% 10.0% 12.6% 9.7% 5.9% 8.8% 10.1% 13.4% 9.8% 5.9% 8.8%
EBIT before restructuring2)
[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
GEA Food Solutions1) n.a. -22.6 -0.2 6.8 -16.0 -48.5 -5.3 -9.8 -39.3 -102.8 -9.0 -4.1
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
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
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
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
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
GEA Group 66.8 79.3 131.3 197.2 474.6 32.6 111.7 133.1 176.5 453.9 66.2 119.7
Capital Employed w/o goodwill3) (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
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
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
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
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
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
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
GEA Group 1,796.3 1,949.7 2,128.3 2,314.2 2,314.2 2,462.7 2,518.1 2,548.2 2,556.5 2,556.5 2,546.1 2,534.0
ROCE w/o goodwill4) LTM
[in%] Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13
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%
GEA Farm Technologies 8.6% 9.5% 10.5% 10.4% 10.4% 10.2% 10.8% 11.3% 13.4% 13.4% 12.6% 11.6%
GEA Heat Exchangers 16.2% 16.3% 17.4% 17.0% 17.0% 17.6% 17.8% 17.2% 19.4% 19.4% 18.8% 19.2%
GEA Mechanical Equipment 40.8% 45.9% 46.4% 49.0% 49.0% 48.9% 45.0% 44.1% 43.0% 43.0% 41.0% 40.3%
GEA Process Engineering 40.5% 45.2% 50.9% 58.7% 58.7% 53.4% 53.0% 53.2% 55.9% 55.9% 62.4% 66.6%
GEA Refrigeration Technologies 19.0% 20.3% 20.5% 20.6% 20.6% 19.8% 19.2% 19.7% 21.2% 21.2% 20.6% 21.8%
GEA Group 20.6% 19.4% 19.6% 20.5% 20.5% 17.9% 18.8% 18.6% 17.8% 17.8% 19.2% 19.6%
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Backup: Performance GEA Group & Segments Key Figures Time Line (5/5): Remarks
GEA on Roadshows and Conferences - Q2 2013
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 employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999.
4) ROCE LTM = EBIT before restructuring (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG
by the former Metallgesellschaft AG in 1999 (average LTM).
2011 figures adjusted due to change in accounting policy for pension obligations and leasing obligations.
2012 EBITDA and EBIT (bef. PPA & non-recurring items) restated due to amendment of IAS 19 “Employee Benefits”.
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ADR Information
GEA on Roadshows and Conferences - Q2 2013
GEA Group has a sponsored level I ADR program
Ratio: 1 ADR = 1 Ordinary share
Bloomberg ticker: GEAGY:US
CUSIP: 361592108
ISIN: US3615921083
Depositary bank: Deutsche Bank Trust Company Americas
Depositary bank contacts: ADR broker helpline
Tel: +1 212 250 9100 (New York)
Tel: +44 207 547 6500 (London)
Email: [email protected] and website: www.adr.db.com
Depositary bank’s local custodian: Deutsche Bank Frankfurt
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engineering for a better world
Investor Relations Contact: [email protected]
GEA on Roadshows and Conferences - Q2 2013
Donat von Müller
+49 211 9136 1080
Axel Wolferts
+49 211 9136 1490
Bianca Li
+49 211 9136 1081
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