Conference Call Results Q2 2017 DSSELDORF, 26 JULY 2017 Disclaimer - - PowerPoint PPT Presentation

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Conference Call Results Q2 2017 DSSELDORF, 26 JULY 2017 Disclaimer - - PowerPoint PPT Presentation

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Conference Call Results Q2 2017 DSSELDORF, 26 JULY 2017 Disclaimer This presentation contains forward-looking statements. Forward-looking statements may include, in particular, statements about future events, future financial performance,

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SLIDE 1

Conference Call

Results Q2 2017

DÜSSELDORF, 26 JULY 2017

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SLIDE 2

This presentation contains forward-looking statements. Forward-looking statements may include, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. Statements with respect to the future are characterized by the use of words such as "expect", "intend", "plan", "anticipate", "believe", "estimate" and similar terms. Forward-looking statements are based on our current assumptions and

  • forecasts. These statements naturally entail risks and uncertainties, which may cause the actual results
  • f operations, financial position or performance to diverge materially from the estimates given here.

Factors that could cause such a divergence include, inter alia, 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. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. We undertake no obligation to update or revise any 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

2

GEA Conference Call Presentation Q2 2017

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SLIDE 3
  • 1. Results Q2 2017
  • 2. Financials Q2 2017
  • 3. Outlook FY 2017

3

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SLIDE 4

Key figures Q2 2017

Executive Summary

4

GEA Conference Call Presentation Q2 2017

1Operating ROCE L4Q = operating EBIT (L4Q) / Capital employed excluding EUR ~800m goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L12M)

  • Op. ROCE1

19.4%

Δ -528 bps YoY

  • Op. CFD Margin

7.0%

Δ -416 bps YoY Order Intake (EURm)

1,241

Δ +1.6% YoY Sales (EURm)

1,138

Δ -1.6% YoY

  • Op. EBITDA

(EURm)

122

Δ -15.7% YoY Operating EBIT (EURm)

102

Δ -18.6% YoY

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SLIDE 5

GEA on February 6th, 2017 announced:

  • Share buyback of up to EUR 450m
  • To be executed within a year starting in March 2017
  • Repurchased shares to be cancelled
  • Current # of shares outstanding 192.5m

Status as per Friday, July 21st:

  • Total shares bought back since March 8th: 8,448,235
  • Average purchasing price: EUR 37.97
  • ~70% of EUR 450m have been spent so far

Link to the interim reporting of the share buy back program: http://www.gea.com/de/investoren/share-information/aktienruckkauf/index.jsp

Share buyback program

5

GEA Conference Call Presentation Q2 2017

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SLIDE 6

Strategic projects to complete OneGEA

6

GEA Conference Call Presentation Q2 2017

Steering Systems

  • OneGEA Finance
  • Project Database
  • HR software (Workday)
  • Common CRM (also enhances

pipeline visibility) Operational Excellence

  • Manufacturing footprint
  • Procurement Excellence
  • OneEngineering

Digitalization @ GEA

  • Processes
  • Products/services

IT-Excellence

  • IT Platform outsourcing (Platform as a

Service)

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SLIDE 7

Current Strategic Projects (“below the line”) Cash Expenditures (P&L and CapEx)

7

GEA Conference Call Presentation Q2 2017

in €m P&L2) CapEx P&L2) CapEx P&L2) CapEx Steering Systems ~ 20 ~ 25 ~ 10 ~ 15 ~ 30 ~ 40 Operational Excellence ~ 20 ~ 20 ~ 25 ~ 30 ~ 45 ~ 50 IT Excellence ~ 15 ~ 10 ~ 5 ~ 20 ~ 10 Digitalization ~ 2 ~ 3 ~ 5 Total ~ 57 ~ 55 ~ 43 ~ 45 ~ 100 ~ 100 20171) 20181) Total

1) spending could partially be delayed into the subsequent year 2) "below the line", i.e. adjusted for in operating EBITDA

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SLIDE 8

OneGEA manages businesses across legal entities OneGEA Finance reports data accordingly

Products, Applications, Services Regions / Countries Managers of Products (BA-E), or Applications (BA-S), or Service categories

8

?

GEA Conference Call Presentation Q2 2017

Various product groups / applications

GEA until 2015 One GEA

Managers of Regions or Countries

Example: „How much money do we make with dairy separators in the US?“

Sales in various countries Across countries Across products and applications

Example: „How much money do we make in company XYZ located in country ABC?“

  • Central view on KPIs of

individual legal entities without granularity

  • No view across legal entities

by application, product or service category

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SLIDE 9

OneGEA Finance enables all GEA managers to more effectively steer in the OneGEA Organization

  • Migration to OneGEA
  • rganization, involving

>200 legal entities

  • Heterogeneous

reporting dimensions and processes across legal entities

  • Limited central

accessibility of financial details

  • n legal entity level
  • High complexity due

to variety of local Finance systems

  • Overall low level of

reporting automation 17Q2 Primary Costs by Organizational Units (Total Cost Method) Overhead Costs by Organizational Units (Cost of Sales Method) Sales & Gross Margin by Product Groups / Applications / Services (Cost of Sales Method)

2016/2017 2018/2019 Target State Starting situation

Legal entity review (e.g. systems) Global cost center structure Continuous improvements (e.g. process automation, cost data granularity and drill-down functionality, harmonization of accounting and master data, etc.)

  • Financial steering dimensions

aligned with organizational structure

  • Harmonized structures &

reporting across legal entities

  • Central transparency on

Sales and Gross Margin for Products / Applications / Services across countries

  • Central transparency on

Total Costs in each OneGEA Org. Unit

  • Increased granularity
  • f Overhead Costs

by OneGEA Org. Unit

  • Higher efficiency and

automation in reporting processes

GEA Conference Call Presentation Q2 2017

9

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SLIDE 10

Action until End of 2018 Targeted status 2020

Timeline for the OneGEA ERP Project

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GEA Conference Call Presentation Q2 2017

Targeted status 2023

Performance Scalability Performance Scalability Performance Scalability

OneGEA ERP

Step 1:

  • Migration of the weakest

platforms has already started

  • Platforms to be migrated into

existing better solutions which can be further migrated in the second step with much less effort Step 2:

  • Consolidating the number of

platforms onto the best existing

  • nes
  • 80% of GEA is aimed to run on

SAP platforms by the end of 2020 Step 3:

  • Eventually, consolidation into
  • nly one common high

performance platform

  • OneGEA ERP (SAP, Cloud

solutions) to be fully

  • perational from 2023
  • nwards

Weakest platforms Interim solution Existing well performing platforms One high performance uniform platform ‘One for all’

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SLIDE 11
  • 1. Results Q2 2017
  • 2. Financials Q2 2017
  • 3. Outlook FY 2017

11

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SLIDE 12

86 97 62 35 0 €m 50 €m 100 €m 150 €m 200 €m Q2 16 Q2 17 BA Equipment BA Solutions 571 586 634 602 0 €m 400 €m 800 €m 1,200 €m 1,600 €m Q2 16 Q2 17 BA Equipment BA Solutions 617 622 659 672 0 €m 500 €m 1,000 €m 1,500 €m Q2 16 Q2 17 BA Equipment BA Solutions Δ Δ Δ

Key figures and change YoY Q2 2017

12

GEA Conference Call Presentation Q2 2017

1 Please note that the difference between the sum of the BAs and the Group is explained by consolidation/others; 2 Adjusted = before currency translation and structural effects

Order Intake1 Operating EBITDA Margin Operating EBITDA1 Sales1

1,222 1,241 1,157 1,138 145 122 +1.6%

  • 1.6%
  • 15.7%

+0.8% +2.0% adjusted2: +0.6% adjusted2: -2.5% +2.6%

  • 5.0%

+12.6%

  • 43.1%

adjusted2: -15.7% Q2 16 Q2 17 Δ YoY BA Equipment 15.1% 16.5% 148 bps BA Solutions 9.7% 5.8%

  • 391 bps

GEA Group 12.6% 10.8%

  • 180 bps
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SLIDE 13

12.0% 11.9% 12.6% 13.4% 13.7% 12.0% 10.3% 10.3% 10.9% 11.6% 11.9% 10.2% 0% 2% 4% 6% 8% 10% 12% 14% 16% 2,500 €m 3,000 €m 3,500 €m 4,000 €m 4,500 €m 5,000 €m 5,500 €m Q2 12 Q2 13 Q2 14 Q2 15 Q2 16 Q2 17 Order Intake L4Q Sales L4Q Operating EBITDA Margin L4Q Operating EBIT Margin L4Q

Order Intake, Sales, Operating Margins

13

GEA Conference Call Presentation Q2 2017

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Order intake development by size

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GEA Conference Call Presentation Q2 2017

773 765 835 791 791 765 799 718 805 754 812 758 788 170 174 182 163 190 158 201 194 193 156 221 211 228 103 68 87 91 112 48 128 96 179 137 79 116 89 123 160 54 83 55 97 118 136 46 36 111 50 136 1,170 1,168 1,158 1,127 1,149 1,068 1,246 1,144 1,222 1,084 1,223 1,136 1,241 0 €m 200 €m 400 €m 600 €m 800 €m 1,000 €m 1,200 €m 1,400 €m Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 < €1m >= €1m < €5m >= €5m < €15m >= €15m

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SLIDE 15

Order intake split as of Q2 2017 L4Q: Top 20 countries account for 74% of GEA‘s order intake

15

More than 5% Betw een 1% and 5% Betw een -1% and 1% Betw een -5% and -1% Less than -5% GEA Conference Call Presentation Q2 2017

32% of order intake 31% of order intake 0% of order intake 6% of order intake 31% of order intake Country Share of total order intake Growth y/y BtB USA 16% 1.01 Germany 9% 1.08 China 7% 0.89 France 4% 0.95 Canada 4% 1.99 Netherlands 3% 0.85 Great Britain 3% 0.97 Russia 3% 1.15 India 3% 1.15 New Zealand 3% 1.75 Spain 3% 0.90 Italy 2% 1.33 Mexico 2% 1.23 Poland 2% 0.81 Australia 2% 1.00 Brazil 2% 1.09 Japan 2% 1.04 Indonesia 2% 1.38 Belgium 2% 0.79 South Africa 2% 1.25 Emerging Markets 37% 1.03 GEA 100% 1.03

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Reported order intake development YoY/QoQ as of Q2 2017

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GEA Conference Call Presentation Q2 2017

Less than -5% Between -5% and -1% Between -1% and 1% Between 1% and 5% More than 5%

Q2 17 L4Q Share of order intake Q/Q Y/Y Y/Y Q2 17 L4Q BtB L4Q Dairy Farming 13% 1.05 Dairy Processing 18% 0.95 Food 28% 1.09 Beverages 11% 0.89 Food & Beverages 70% 1.01 Pharma 8% 1.16 Chemical 7% 1.05 Pharma/Chemical 15% 1.11 Oil & Gas 1% 0.85 Marine 2% 0.90 Others 12% 1.12 Other Industries 15% 1.06 GEA 100% 1.03 Q2 17 Quarter selective

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SLIDE 17

0% 20% 40% 60% 80% 100% 120% 140% 160% Q3 12 Q3 13 Q3 14 Q3 15 Q3 16 0% 20% 40% 60% 80% 100% 120% 140% 160%

L4Q order intake and sales indexed since Q2 2012

17

Order Intake Sales

GEA Conference Call Presentation Q2 2017

CAGR Q2 12 - Q2 17: Food 4% Beverages 0% GEA 2% CAGR Q2 12 - Q2 17: Pharma/Chemical 4% Other Industries 1% GEA 2% CAGR Q2 12 - Q2 17: Dairy Farming 2% Dairy Processing

  • 1%

GEA 2% CAGR Q2 12 - Q2 17: Food 4% Beverages

  • 2%

GEA 2% CAGR Q2 12 - Q2 17: Pharma/Chemical 5% Other Industries 2% GEA 2%

Q3 12 Q3 13 Q3 14 Q3 15 Q3 16 Q3 12 Q3 13 Q3 14 Q3 15 Q3 16

CAGR Q2 12 - Q2 17: Dairy Farming 1% Dairy Processing 2% GEA 2%

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SLIDE 18

Book-to-Bill ratios L4Q Share of L4Q Order Intake

18

GEA Conference Call Presentation Q2 2017

BtB ratio L4Q Asia Pacific DACH & Eastern Europe Western EU & Middle East/Africa Northern & Central Europe Latin America North America Total Dairy Farming 1.08 1.04 1.05 0.98 1.02 1.08 1.05 Dairy Processing 1.34 0.84 0.75 0.73 1.34 0.69 0.95 Food 1.05 1.14 1.02 0.95 0.91 1.34 1.09 Beverages 0.86 1.25 0.56 0.88 0.80 0.99 0.89 Pharma 0.93 1.94 1.34 0.78 0.73 1.29 1.16 Chemical 1.16 1.08 0.78 0.66 3.02 0.74 1.05 Oil & Gas 1.36 0.71 0.81 0.74 1.40 0.86 0.85 Marine 0.65 0.98 1.24 0.98 1.14 1.13 0.90 Others 0.89 0.98 1.04 0.96 1.45 1.48 1.06 Total 1.07 1.10 0.92 0.87 1.18 1.11 1.03 Share of L4Q OI Dairy Farming 1% 3% 1% 1% 1% 5% 13% Dairy Processing 6% 4% 2% 2% 2% 2% 18% Food 6% 5% 6% 3% 2% 6% 28% Beverages 3% 3% 1% 1% 1% 2% 11% Pharma 2% 2% 1% 1% 0% 1% 8% Chemical 3% 1% 1% 0% 1% 1% 7% Oil & Gas 0% 0% 0% 0% 0% 0% 1% Marine 1% 0% 0% 1% 0% 0% 2% Others 3% 2% 4% 2% 1% 3% 15% Total 24% 20% 17% 12% 7% 20% 100%

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SLIDE 19

2,137 2,185 2,038 2,256 2,195 2,148 2,054 2,229 2,359 2,324 2,264 2,389 2,410 0 €m 500 €m 1,000 €m 1,500 €m 2,000 €m 2,500 €m 3,000 €m Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17

Order backlog development

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GEA Conference Call Presentation Q2 2017

1.02 1.01 1.00 1.01 1.00 0.99 1.00 1.02 1.03 1.04 1.04 1.02 1.03 L4Q BtB ratio #

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SLIDE 20

ROCE development

20

GEA Conference Call Presentation Q2 2017

ROCE = EBIT (L4Q) / Capital employed excluding EUR ~800m goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L12M)

  • Op. ROCE = op. EBIT (L4Q) / Capital employed excluding EUR ~800m goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L12M)

1,912 1,929 1,943 1,974 2,007 2,053 2,120 2,137 2,188 2,234 2,293 2,370 2,391 22.9% 23.2% 22.6% 22.7% 16.4% 14.5% 14.6% 14.1% 19.7% 18.7% 16.9% 16.5% 15.1% 25.7% 25.4% 25.0% 24.7% 22.8% 21.1% 20.5% 19.4% 0% 5% 10% 15% 20% 25% 30% 0 €m 500 €m 1,000 €m 1,500 €m 2,000 €m 2,500 €m Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Capital Employed (average L12M) ROCE

  • p. ROCE
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SLIDE 21

Working capital to sales ratio

21

GEA Conference Call Presentation Q2 2017

590 548 424 588 583 632 547 591 651 725 750 760 706 13.4% 12.3% 9.4% 12.9% 12.7% 13.8% 11.9% 13.0% 14.3% 16.0% 16.7% 16.7% 15.6% 11.9% 12.1% 12.1% 12.2% 12.3% 12.6% 13.1% 13.1% 13.2% 13.5% 14.5% 15.4% 16.1% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 0 €m 200 €m 400 €m 600 €m 800 €m 1,000 €m 1,200 €m Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 WC as of reporting date WC as of reporting date as % of sales (L4Q) WC (average L12M) as % of sales (L4Q)

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SLIDE 22

Working capital development

22

GEA Conference Call Presentation Q2 2017

€m Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Δ YoY Δ QoQ + Inventories 613 639 645 611 671 664 25

  • 7

Trade receivables w/o POC 669 762 767 929 839 830 68

  • 8

Advance Payments w/o POC 239 247 237 207 225 251 4 26 + Net trade receivables w/o POC 430 515 530 722 614 579 64

  • 34

POC receivables 399 430 442 461 442 493 62 50 POC liability 342 377 367 420 399 430 53 32 + Net POC receivables 58 54 75 41 44 62 9 19

  • Trade payables

509 556 526 624 568 600 44 32 = Working Capital 591 651 725 750 760 706 54

  • 54
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SLIDE 23

Cash Flow Driver Margin as of Q2 2017

23

GEA Conference Call Presentation Q2 2017

EBITDA (L4Q) Capex (L4Q) ∆ Working Capital (Average L12M) Sales (L4Q) Sales (L4Q) Sales (L4Q)

  • +

1 Operating Cash Flow Driver Margin is based on operating EBITDA, not on reported EBITDA, and on capex, adjusted for strategic projects

1

  • 19
  • 38
  • 41
  • 47
  • 43
  • 39
  • 54
  • 35
  • 31
  • 37
  • 48
  • 108
  • 134

536 546 540 550 433 404 430 422 553 543 501 506 476

  • 123
  • 114
  • 94
  • 92
  • 87
  • 82
  • 91
  • 87
  • 86
  • 92
  • 91
  • 98
  • 112

9.0% 8.8% 9.0% 9.0% 6.6% 6.2% 6.2% 6.6% 9.6% 9.1% 8.0% 6.6% 5.1% 10.7% 10.3% 10.9% 11.1% 10.2% 9.5% 8.0% 7.0% 0% 2% 4% 6% 8% 10% 12%

  • 200 €m

0 €m 200 €m 400 €m 600 €m 800 €m Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Delta Working Capital (average L12M) EBITDA (L4Q) Capex (L4Q) Cash Flow Driver Margin

  • p. Cash Flow Driver Margin

1

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SLIDE 24

Net liquidity per June 2017

24

GEA Conference Call Presentation Q2 2017

Net Liquidity reconciliation

[EURm]

Capex Taxes

  • 66.6

Interests 5.4

  • 112.2

Delta Working Capital

  • 81.3

Operating EBITDA 546.0 Net Cash 30.06.2016 613.8

  • 261.1

Dividend

  • 152.8

Effects from Acquisitions

  • 6.2

Discontinued Operations

  • 16.2

Net Debt bef. DOP, M&A and Dividend 780.0 Others cash out "F2020"

  • 92.9

Net Cash 30.06.2017 343.7 Share buy back program

  • 32.2

D +EUR 259m

  • excl. cash out

“F2020”

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SLIDE 25

1,362 877 521 1,410 909 542 0 €m 200 €m 400 €m 600 €m 800 €m 1,000 €m 1,200 €m 1,400 €m 1,600 €m GEA BA Equipment BA Solutions Q2 16 L4Q Q2 17 L4Q

Service business as of Q2 2017 L4Q: 31% of sales

25

GEA Conference Call Presentation Q2 2017

Note: adjusted = before currency translation and structural effects

30% 31% 39% 39% 21% 22%

adjusted:

+3% +4%

adjusted:

+3% +4%

adjusted:

+3% +4%

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SLIDE 26
  • 1. Results Q2 2017
  • 2. Financials Q2 2017
  • 3. Outlook FY 2017

26

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SLIDE 27

FY 2017 Outlook – ad hoc publication July 15, 2017

27

GEA Conference Call Presentation Q2 2017

We are aiming for, in the absence of:

  • any further weakening of global economic growth and
  • in particular, material weakening in any of our relevant customer industries, or adverse shifts in

demand among those industries resulting in a negative margin impact

  • material adverse currency (translation or competitive) impacts

Operating EBITDA (adjusted for strategic projects) (EURm)

600 – 640

Before additional cost for bottling projects

* No deterioration of margin range expected despite bottling projects impact

Operating Cash Flow Driver Margin (based on operating EBITDA and on Capex adjusted for strategic projects)

8.5% to 9.5%*

Unchanged from

  • riginal guidance

Sales (in reported terms)

Moderate growth

Unchanged from

  • riginal guidance
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SLIDE 28
  • Cf. p. 15 Q2 17 report

http://www.gea.com/en/binaries/2017.07.26.%20Q2%20report%20GEA_tcm11-38613.pdf

Including the bottling projects, operating EBITDA for FY 2017 is expected between €573m and €633m

28

GEA Conference Call Presentation Q2 2017

Reconciliation of expectation operating EBITDA as per ad hoc announcement to forecast operating EBTIDA as per HGB* (in €m) From To Expectation operating EBITDA as per the ad hoc announcement (July 15, 2017) 600 640 Expense for bottling lines recognized in first half year

  • 7
  • 7

Risk of additional costs for bottling lines

  • 20

Operating EBITDA as per forecast (HGB) 573 633

* Handelsgesetzbuch (German Commercial Code)

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SLIDE 29

Additional Financial Information for FY 2017

29

GEA Conference Call Presentation Q2 2017

Depreciation & Amortization (incl PPA) (EURm) around

120

Thereof impact from PPA in 2017 (EURm)

around

30

Interest Expense Financial Liabilities (EURm) below

10

Dividend Policy Payout ratio

40% - 50%

  • f net income

Working Capital Average L12M (of sales L4Q) Between

15.7% - 16.2%

(previously 15.7% – 16.7%) Target Capex Level (of sales) Operating max.

2%

(as used in

  • p. CFD
  • utlook)

Additional capex for strategic projects ~€55m Tax Rate around

22%

1

1 Will successively increase in subsequent years; tax rate applies subject to the condition that tax law in GEA countries will not change

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SLIDE 30

2017 July 27-28, 2017 Roadshow UK London Citi Aug 23, 2017 Conference Finland Helsinki Deutsche Bank Aug 24, 2017 Conference Sweden Stockholm SEB Aug 25, 2017 Roadshow Norway Oslo Barclays Aug 29-30, 2017 Conference Germany Frankfurt Commerzbank Sep 7-8, 2017 Conference UK London Morgan Stanley Sep 19, 2017 Roadshow Austria Vienna Commerzbank Sep 20-21, 2017 Conference Germany Munich Baader

Investor Relations Calendar Upcoming Roadshows and Conferences

30

GEA Conference Call Presentation Q2 2017

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SLIDE 31

Investor Relations Calendar Please note the change in the Financial Calendar

31

GEA Conference Call Presentation Q2 2017

2017 Nov 3, 2017 (new date) Quarterly Financial Report for the period to September 30, 2017

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SLIDE 32

Backup Additional Slides related to the Preliminary Q2 17 Call

32

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SLIDE 33

EBITDA bridge Q2 2016 to Q2 2017

33

EBITDA Q2 17 122.4 Other 1.2 FX impact & financial result 4.9 Net other income/ (expenses) 1.0 Administration expenses 10.1 Selling expenses 1.6 R&D expenses 2.9 Gross Margin EBITDA Q2 16 145.2

At 5.5% of order intake, in line with Q2 2016 SSC steady state costs and indirect temporary workforce EURm

GEA Conference Call Presentation Q2 2017

  • 8.5 EURm Margin

improvement

  • (5.2) EURm volume

impact

  • (4.7) EURm bottling

projects

1.2

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SLIDE 34

EBITDA bridge H1 2016 to H1 2017

34

EBITDA H1 17 218.8 Other 0.1 FX impact & financial result 0.0 Net other income/ (expenses) 5.1 Administration expenses 13.0 Selling expenses 16.3 R&D expenses 3.3 Gross Margin 17.3 EBITDA H1 16 239.1

EURm

GEA Conference Call Presentation Q2 2017

  • +14,8 EURm volume
  • +7.7 EURm Margin

improvement

  • (5.2) EURm bottling

projects Partly driven by service ramp- up, also including indirect temporary workforce SSC steady state costs and indirect temporary workforce Other income H1 2017 was lower than in H1 2016. Catch-up expected

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SLIDE 35

Key figures | projection lower vs. higher end scenario outlook (ad-hoc)

35

GEA Conference Call Presentation Q2 2017

Lower end

  • utlook (ad-hoc)

Higher end

  • utlook (ad-hoc)

EURm

H1 2017 H2 2017 Total H1 2017 H2 2017 Total Sales Gross Margin

(excl. bottling projects)

in % of sales

Overhead

(incl. net other income (expenses), FX impact & financial result, adj. for D&A, PPA)

  • Op. EBITDA

(excl. bottling projects)

in % of sales

820

32.0%

2,560

6.9% YoY growth

414

16.2%

(406) 1,503

32.0%

4,702

4.7% YoY growth

640

13.6%

(863) 683

31.9%

2,142

2.1% YoY growth

226

10.6%

(457) 784

31.7%

2,470

3.2% YoY growth

374

15.1%

(410) 1,467

31.8%

4,612

2.7% YoY growth

600

13.0%

(867) 683

31.9%

2,142

2.1% YoY growth

226

10.6%

(457)

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SLIDE 36

H1 summary & H2 projection for lower end scenario outlook (ad-hoc)

36

GEA Conference Call Presentation Q2 2017

H1 phasing BA Solutions BA Equipment Subtotal

  • Op. EBITDA

Consolidation Overhead2 5 bottling projects 1,122 1,117 2,142

  • 97

Sales abs.

  • Op. EBITDA (excl. bottling projects)

219 (457) 7 676 GM abs. 226 1,315 1,250 2,470 Sales abs. ~46% ~47% Sales rel. GM rel. 784 GM abs. H2 projection 374

  • 95

(410) Total Op. EBITDA (H2 simulated) 600 GM rel.

EURm

31.6%

(31.9%)1

31.8%

  • 1. Excluding bottling projects 2. incl. net other income (expenses), FX impact & financial result, adj. for D&A, PPA

1 2 3 4 5

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SLIDE 37

Topline Analysis BA SOLUTIONS

37

Backlog Analysis Sales Phasing Analysis

EURm EURm

+0.6% Q2 2017 1,795 Q2 2016 1,783 53% 2015 2,475 46% 54% 2014 2,404 46% 54% 2013 2,338 46% 54% Average

(13-16)

2,411 46% 54% 2016 2,426 47% Project-by-project Analysis

Backlog profile Q2 2017 supports higher sales conversion rate than Q2 2016 Sales phasing 2016 was distorted by (customer-induced) execution delays in larger dairy projects Detailed project-by-project assessment based on scheduled project milestones

H1 H2 Supports moderately higher growth for H2 2017

GEA Conference Call Presentation Q2 2017

1

1

slide-38
SLIDE 38

Topline Analysis BA EQUIPMENT

38

616 667 Q2 2016 +8.3% Q2 2017 2015 2,324 48% 52% 2014 2,308 46% 54% 2013 2,164 46% 54% 47% 2016 2,262 53% 47% 2,264 Average

(13-16)

53% H1 H2 Current YTD sales at 1,117 m€ are 5.2% above prior year and support moderate growth assumption Backlog Analysis Sales Phasing Analysis Project-by-project Analysis

EURm EURm

GEA Conference Call Presentation Q2 2017

2

2

slide-39
SLIDE 39

GEA Group Sales & Gross Margin Development

39

GEA Conference Call Presentation Q2 2017

2,156 H1 2015 2,098 H1 2016 2,394 2,443 H2 2015 H1 2017 2,142 H2 2016 H2 2017 31.8% 32.7% 31.5%1

(31.4%)2

31.6%1

(31.9%)2

31.9%1

(30.9%)2

  • 1. Adjusted for additional cost in special projects (in 2017 only bottling projects)
  • 2. All-in Gross Margin

≥31.8% Development consistently showed an upswing in second half of a year Gross Margin Sales in EURm

3 4

slide-40
SLIDE 40

Strict commitment to saving targets by our managers R&D expenses usually reviewed for capitalization towards end of the year Engineers will shift from quotation work (selling exp.) to project execution (CoGS) Income from subsidiaries is paid towards the end of the year

Overhead projection for lower end scenario outlook (ad-hoc)

40

Cost reduction drivers

GEA Conference Call Presentation Q2 2017

Saving measures package Capitalization

  • f R&D

Utilization shift H2 Income from subsidiaries &

  • ther income

1 2 3 4

H1 16

419

H2 16

413

H1 17

457

H2 17 projection

410

Overhead

(incl. net other income (expenses), FX impact & financial result, adj. for D&A, PPA)

5

slide-41
SLIDE 41

Performance issues with 1st version bottling technology limited to 5 projects (total order volume ~EUR30m)

41

2013-2015 2008/9-2012 Development & Testing Internal project to develop a completely new bottling technology Five projects, based on a first version of this new bottling technology, with a single digit million contract value each, were sold in the period 2013-2015 Performance issues with this first version led to a stop of its marketing early

  • 2016. Based on a

modified version, the bottling technology is still considered to be valuable Performance issues 2015 Sale of 5 projects 2016-2017 Further technical difficulties Further technical difficulties with the first version emerged in 2016 (also mentioned in analyst call Oct’16). In 2017, GEA realized that for some projects the then planned measures were likely to be insuffi- cient to fully achieve targeted KPIs. 2017-2018 Agreements & completion Agreements to rectify the technical issues have been reached with two customers and solutions are expected to be reached within 2017 for the remaining

  • customers. All

projects expected to be completed by 2018. Stop of marketing Final acceptance

GEA Conference Call Presentation Q2 2017

slide-42
SLIDE 42

H1 2017

Financial impact of these five projects

42

~ EUR 7m Additional remaining risk The expenses in relation to the five projects are included in the operating EBITDA2 and will be shown as a separate line. EBITDA impact (EURm)

  • 1. Excluding a potential EUR6.5m non-cash impairment on the technology
  • 2. As defined in the annual report 2016, page 206

Up to EUR 20m1 The YTD impact includes:

  • the actual project costs for H1 2017
  • additional provisions for GEA’s best estimate of its

costs to complete the projects Potential risk that further measures would be required to rectify the technical challenges and that GEA might face additional customer claims

GEA Conference Call Presentation Q2 2017

slide-43
SLIDE 43

Appendix

43

slide-44
SLIDE 44

GEA – Q2 2017 figures

44

GEA Conference Call Presentation Q2 2017

1 Adjusted = before FX and structural effects; 2 Op. ROCE (L4Q) = op. EBIT (L4Q) / Capital employed excluding EUR ~800m goodwill from the acquisition of the former GEA AG by the former

Metallgesellschaft AG in 1999 (average L12M)

Sales by Customer Industry Order Intake Development by Size Order Intake, Sales and Op. EBIT Margin (L4Q) Sales by Region

10.3% 10.9% 11.6% 11.9% 10.2% 6% 7% 8% 9% 10% 11% 12% 3,900 €m 4,200 €m 4,500 €m 4,800 €m Q2 13 Q2 14 Q2 15 Q2 16 Q2 17 Order Intake Sales Operating EBIT Margin 722 724 747 754 773 765 835 791 791 765 799 718 805 754 812 758 788 234 167 211 160 170 174 182 163 190 158 201 194 193 156 221 211 228 102 132 67 88 103 68 87 91 112 48 128 96 179 137 79 116 89 162 144 121 22 123 160 54 83 55 97 118 136 46 36 111 50 136 1,2201,1681,144 1,024 1,1701,1681,1581,1271,149 1,068 1,246 1,144 1,222 1,084 1,223 1,136 1,241 0 €m 400 €m 800 €m 1,200 €m Q2 13 Q2 14 Q2 15 Q2 16 Q2 17 < €1m >= €1m < €5m >= €5m < €15m >= €15m

13% 20% 27% 12% 14% 14%

Sales L4Q as of Q2 17 EUR 4,536m

23% 19% 6% 19% 14% 19%

Asia-Pacific

  • 4% YoY
  • 5% adj. YoY

DACH & Eastern Europe

  • 8% YoY
  • 9% adj. YoY

Latin America +12% YoY +4% adj. YoY North America +4% YoY +2% adj. YoY Northern/Central Europe

  • 7% YoY
  • 5% adj. YoY

Western Europe, M. East/Africa +12% YoY +8% adj. YoY GEA

  • 0% YoY
  • 2% adj. YoY

Sales L4Q as of Q2 17 EUR 4,536m

Dairy Farming

  • 4% YoY

Dairy Processing

  • 7% YoY

Food +15% YoY Beverages

  • 10% YoY

Pharma/Chemical +3% YoY Other Industries

  • 6% YoY

GEA

  • 0% YoY

[ in EU R million] Q2 16 Q2 17 ∆ Y oY L4 Q Q2 16 L4 Q Q2 17 ∆ Y oY Order Int ake 1 .6% 0.1 % adjust ed

1

0.6%

  • 1

.9% Sales

  • 1

.6%

  • 0.1

% adjust ed

1

  • 2.5%
  • 1

.7% Order B acklog 2,359.0 2 ,4 0 9 .9 2.2% 2,359.0 2 ,4 0 9 .9 2.2% Operat ing EB ITD A 1 45.2 12 2 .4

  • 1

5.7% 622.6 54 6 .0

  • 1

2.3% Operat ing EB ITD A M argin 1 2.6% 10 .8 %

  • 1

80 bps 1 3.7% 12 .0 %

  • 1

67 bps Operat ing EB IT 1 25.2 10 1.9

  • 1

8.6% 539.8 4 6 3 .7

  • 1

4.1 % Operat ing EB IT M argin 1 0.8% 8 .9 %

  • 1

87 bps 1 1 .9% 10 .2 %

  • 1

66 bps Operat ing R OC E

2

24.7% 19 .4 %

  • 528 bps

24.7% 19 .4 %

  • 528 bps

4,680.2 4 ,6 8 4 .3 4,540.9 4 ,53 6 .1 1 ,222.1 1,2 4 1.1 1 ,1 56.9 1,13 8 .5

slide-45
SLIDE 45

BA Equipment – Q2 2017 figures

45

GEA Conference Call Presentation Q2 2017

1 Adjusted = before FX and structural effects; 2 Op. ROCE (L4Q) = op. EBIT (L4Q) / Capital employed excluding EUR ~800m goodwill from the acquisition of the former GEA AG by the former

Metallgesellschaft AG in 1999 (average L12M)

Sales by Customer Industry Order Intake Development by Size Order Intake, Sales and Op. EBIT Margin (L4Q) Sales by Region

11.8% 12.5% 13.5% 14.6% 14.4% 0% 2% 4% 6% 8% 10% 12% 14% 16% 1,000 €m 1,200 €m 1,400 €m 1,600 €m 1,800 €m 2,000 €m 2,200 €m 2,400 €m 2,600 €m Q2 13 Q2 14 Q2 15 Q2 16 Q2 17 Order Intake Sales Operating EBIT Margin 518 513 501 539 538 528 538 560 548 522 552 514 551 522 556 550 566 45 35 42 30 32 30 27 27 25 24 35 48 25 32 42 53 36 571 573 553 575 570 565 586 587 573 547 587 570 617 562 598 622 622 0 €m 100 €m 200 €m 300 €m 400 €m 500 €m 600 €m 700 €m Q2 13 Q2 14 Q2 15 Q2 16 Q2 17 < €1m >= €1m < €5m >= €5m < €15m >= €15m

27% 10% 30% 7% 7% 19%

Asia-Pacific +9% YoY +9% adj. YoY DACH & Eastern Europe +2% YoY +0% adj. YoY Latin America +11% YoY +13% adj. YoY North America +0% YoY

  • 1% adj. YoY

Northern/Central Europe

  • 4% YoY
  • 1% adj. YoY

Western Europe, M. East/Africa

  • 1% YoY
  • 2% adj. YoY

BA Equipment +2% YoY +2% adj. YoY

21% 22% 6% 23% 12% 16%

Sales L4Q as of Q2 17 EUR 2,318m Sales L4Q as of Q2 17 EUR 2,318m

Dairy Farming

  • 4% YoY

Dairy Processing +6% YoY Food +3% YoY Beverages +14% YoY Pharma/Chemical +18% YoY Other Industries

  • 2% YoY

BA Equipment +2% YoY

[ in EU R million] Q2 16 Q2 17 ∆ Y oY L4 Q Q2 16 L4 Q Q2 17 ∆ Y oY Order Int ake 0.8% 3.5% adjust ed

1

  • 0.3%

2.7% Sales 2.6% 2.1 % adjust ed

1

1 .6% 1 .7% Order B acklog 61 5.6 6 6 7.0 8.3% 61 5.6 6 6 7.0 8.3% Operat ing EB ITD A 86.0 9 6 .9 1 2.6% 388.3 3 9 1.4 0.8% Operat ing EB ITD A M argin 1 5.1 % 16 .5% 1 48 bps 1 7.1 % 16 .9 %

  • 21

bps Operat ing EB IT 72.1 8 2 .4 1 4.3% 332.1 3 3 2 .7 0.2% Operat ing EB IT M argin 1 2.6% 14 .1% 1 45 bps 1 4.6% 14 .4 %

  • 27 bps

Operat ing R OC E 2 21 .6% 2 1.2 %

  • 40 bps

21 .6% 2 1.2 %

  • 40 bps

61 7.2 6 2 2 .0 2,321 .1 2 ,4 0 2 .9 570.9 58 5.5 2,270.6 2 ,3 17.6 20 19 8 41 8 21 7 6 11 8 8 18

slide-46
SLIDE 46

BA Solutions – Q2 2017 figures

46

GEA Conference Call Presentation Q2 2017

1 Adjusted = before FX and structural effects; 2 Op. ROCE (L4Q) = op. EBIT (L4Q) / Capital employed excluding EUR ~800m goodwill from the acquisition of the former GEA AG by the former

Metallgesellschaft AG in 1999 (average L12M)

Sales by Customer Industry Order Intake Development by Size Order Intake, Sales and Op. EBIT Margin (L4Q) Sales by Region

9.0% 9.4% 10.1% 9.5% 5.6%

  • 1%

1% 3% 5% 7% 9% 11% 1,250 €m 1,500 €m 1,750 €m 2,000 €m 2,250 €m 2,500 €m 2,750 €m Q2 13 Q2 14 Q2 15 Q2 16 Q2 17 Order Intake Sales Operating EBIT Margin 253 257 290 268 288 279 348 278 296 295 293 252 307 278 316 258 274 189 133 170 130 138 146 155 137 166 133 166 146 168 125 179 158 192 95 124 56 82 103 61 66 91 112 48 128 88 138 129 79 97 70 162 127 121 22 123 160 54 83 55 97 118 136 46 36 111 50 136 698 641 636 502 652 647 622 588 629 574 705 622 659 569 685 564 672 0 €m 100 €m 200 €m 300 €m 400 €m 500 €m 600 €m 700 €m 800 €m Q2 13 Q2 14 Q2 15 Q2 16 Q2 17 < €1m >= €1m < €5m >= €5m < €15m >= €15m

28% 23% 17% 21% 11% 25% 17% 7% 15% 16% 21%

Asia-Pacific

  • 12% YoY
  • 13% adj. YoY

DACH & Eastern Europe

  • 17% YoY
  • 18% adj. YoY

Latin America +12% YoY

  • 4% adj. YoY

North America +10% YoY +8% adj. YoY Northern/Central Europe

  • 8% YoY
  • 8% adj. YoY

Western Europe, M. East/Africa +23% YoY +16% adj. YoY BA Solutions

  • 2% YoY
  • 5% adj. YoY

Sales L4Q as of Q2 17 EUR 2,419m Sales L4Q as of Q2 17 EUR 2,419m

Dairy Processing

  • 10% YoY

Food +34% YoY Beverages

  • 16% YoY

Pharma/Chemical

  • 1% YoY

Other Industries

  • 11% YoY

BA Solutions

  • 2% YoY

[ in EU R million] Q2 16 Q2 17 ∆ Y oY L4 Q Q2 16 L4 Q Q2 17 ∆ Y oY Order Int ake 2.0%

  • 2.7%

adjust ed

1

1 .3%

  • 5.6%

Sales

  • 5.0%
  • 1

.9% adjust ed

1

  • 5.9%
  • 4.5%

Order B acklog 1 ,783.1 1,79 4 .5 0.6% 1 ,783.1 1,79 4 .5 0.6% Operat ing EB ITD A 61 .7 3 5.1

  • 43.1

% 253.1 154 .0

  • 39.2%

Operat ing EB ITD A M argin 9.7% 5.8 %

  • 391

bps 1 0.3% 6 .4 %

  • 390 bps

Operat ing EB IT 57.1 3 0 .7

  • 46.3%

233.1 13 4 .9

  • 42.1

% Operat ing EB IT M argin 9.0% 5.1%

  • 391

bps 9.5% 5.6 %

  • 388 bps

Operat ing R OC E 2 39.1 % 18 .2 % -2090 bps 39.1 % 18 .2 % -2090 bps 633.7 6 0 1.7 2,465.4 2 ,4 18 .9 658.6 6 71.5 2,559.2 2 ,4 8 9 .4

slide-47
SLIDE 47

Order intake Q2 2017

47

GEA Conference Call Presentation Q2 2017

in EURm

∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in % Order Intake previous period Structural Change 0.0% 0.0% 23 1.0% 67 1.4% Currency Translation 11 0.9%

  • 18
  • 1.6%

36 1.5% 23 0.5% Like-for-Like Development 8 0.6% 123 10.8%

  • 49
  • 2.1%
  • 87
  • 1.9%

Order Intake current period 4,684 0.1% 1,241 1.6% 2,377 0.5% 1,241 9.2% L4Q Q2 17 vs. L4Q Q2 16 Q2 17 vs. Q2 16 Q1 - Q2 17 vs. Q1 - Q2 16 Q2 17 vs. Q1 17 1,222 2,366 1,136 4,680

slide-48
SLIDE 48

Sales Q2 2017

48

GEA Conference Call Presentation Q2 2017

in EURm

∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in % Sales previous period Structural Change 0.0% 0.0% 16 0.8% 65 1.4% Currency Translation 10 0.9%

  • 14
  • 1.4%

26 1.2% 7 0.2% Like-for-Like Development

  • 29
  • 2.5%

148 14.8% 3 0.1%

  • 76
  • 1.7%

Sales current period 4,541 1,138

  • 1.6%

1,138 13.4% 2,142 2.1% 4,536

  • 0.1%

1,157 1,004 2,098 Q2 17 vs. Q2 16 Q2 17 vs. Q1 17 Q1 - Q2 17 vs. Q1 - Q2 16 L4Q Q2 17 vs. L4Q Q2 16

slide-49
SLIDE 49

Operating EBITDA Q2 2017

49

GEA Conference Call Presentation Q2 2017

in EURm

∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in % Operating EBITDA previous period Structural Change 0.0% 0.0% 1 0.6% 10 1.6% Currency Translation 0.0%

  • 1
  • 1.1%

0.1% 0.0% Like-for-Like Development

  • 23
  • 15.7%

27 28.1%

  • 22
  • 9.2%
  • 87
  • 13.9%

Operating EBITDA current period

  • 8.5%

546

  • 12.3%

122

  • 15.7%

122 26.9% 219 Q2 17 vs. Q2 16 Q2 17 vs. Q1 17 Q1 - Q2 17 vs. Q1 - Q2 16 L4Q Q2 17 vs. L4Q Q2 16 145 96 239 623

slide-50
SLIDE 50

FX Development

50

GEA Conference Call Presentation Q2 2017

EUR 48%

  • USD

18% 1.08

  • 3%

CNY 4% 7.44 2% DKK 4% 7.44 0% GBP 3% 0.86 11% SGD 3% 1.52

  • 1%

PLN 2% 4.27

  • 2%

AUD 2% 1.44

  • 6%

INR 2% 71.18

  • 5%

NZD 2% 1.53

  • 7%

CAD 2% 1.45

  • 3%

*Share of functional (i.e. local P&Ls) currencies in the translation mix of the group Currency % total Q2 2017 * FX Rates Q2 2017 (average) ∆ FX YoY Q2 2017 vs Q2 2016

slide-51
SLIDE 51

Key figures time line (1/14)

51

GEA Conference Call Presentation Q2 2017 Order Intake [in EUR million] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment 319.8 295.8 282.4 299.0 1,196.9 305.2 347.7 348.5 336.2 1,337.5 BA Solutions 369.7 430.0 348.0 442.3 1,590.1 439.9 465.2 440.3 546.6 1,892.0 Consolidation / Others

  • 25.1
  • 22.7
  • 25.3
  • 25.7
  • 98.9
  • 31.8
  • 35.6
  • 33.5
  • 28.4
  • 129.2

GEA 664.4 703.0 605.0 715.6 2,688.1 713.4 777.3 755.3 854.4 3,100.3 Order Backlog [in EUR million] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment 439.3 421.5 389.4 365.3 365.3 403.4 438.3 422.4 379.0 379.0 BA Solutions 855.2 868.4 803.6 811.4 811.4 919.9 1,003.7 967.1 974.6 974.6 Consolidation / Others

  • 18.4
  • 15.4
  • 17.2
  • 15.6
  • 15.6
  • 21.4
  • 25.1
  • 27.4
  • 20.1
  • 20.1

GEA 1,276.0 1,274.4 1,175.8 1,161.1 1,161.1 1,301.8 1,417.0 1,362.1 1,333.5 1,333.5 Sales [in EUR million] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment 312.1 308.2 303.3 320.6 1,244.2 270.9 315.8 348.4 379.2 1,314.3 BA Solutions 378.1 401.6 408.4 449.6 1,637.7 352.0 408.8 446.8 541.8 1,749.5 Consolidation / Others

  • 15.7
  • 21.4
  • 16.6
  • 14.1
  • 67.9
  • 19.8
  • 23.9
  • 25.5
  • 31.5
  • 100.7

GEA 674.5 688.4 695.0 756.1 2,814.0 603.2 700.7 769.7 889.5 2,963.1 Adjusted Sales Growth YoY [in %] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. BA Solutions n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Consolidation / Others n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Book-to-Bill Ratio LTM (rolling last 12 months) Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment n.a. n.a. n.a. n.a. n.a. 0.98 1.02 1.04 1.02 1.02 BA Solutions n.a. n.a. n.a. n.a. n.a. 1.03 1.05 1.08 1.08 1.08 Consolidation / Others n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA n.a. n.a. n.a. n.a. n.a. 1.00 1.02 1.05 1.05 1.05

slide-52
SLIDE 52

Key figures time line (2/14)

52

GEA Conference Call Presentation Q2 2017 Order Intake [in EUR million] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 385.2 523.9 524.8 506.9 1,940.8 547.3 535.2 534.3 552.5 2,169.2 BA Solutions 525.8 540.5 554.6 581.3 2,202.2 642.6 535.8 622.2 628.0 2,428.7 Consolidation / Others

  • 36.7
  • 39.6
  • 38.8
  • 41.2
  • 156.3
  • 43.9
  • 42.4
  • 45.0
  • 41.3
  • 172.6

GEA 874.3 1,024.8 1,040.6 1,047.0 3,986.7 1,146.0 1,028.6 1,111.6 1,139.2 4,425.4 Order Backlog [in EUR million] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 531.9 575.8 586.9 510.4 510.4 602.7 620.9 599.5 558.0 558.0 BA Solutions 1,070.5 1,092.7 1,140.8 1,118.4 1,118.4 1,269.9 1,312.7 1,371.3 1,298.2 1,298.2 Consolidation / Others

  • 21.3
  • 24.9
  • 26.9
  • 29.6
  • 29.6
  • 31.6
  • 32.7
  • 38.4
  • 26.4
  • 26.4

GEA 1,581.2 1,643.7 1,700.9 1,599.2 1,599.2 1,841.1 1,900.9 1,932.4 1,829.9 1,829.9 Sales [in EUR million] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 326.3 488.6 516.1 583.0 1,914.0 440.1 514.2 547.0 583.2 2,084.4 BA Solutions 409.6 505.2 512.8 632.4 2,060.0 482.2 521.2 553.0 676.8 2,233.2 Consolidation / Others

  • 29.2
  • 29.1
  • 48.4
  • 39.0
  • 145.8
  • 41.7
  • 41.3
  • 39.5
  • 52.8
  • 175.3

GEA 706.7 964.6 980.5 1,176.4 3,828.3 880.5 994.1 1,060.5 1,207.2 4,142.3 Adjusted Sales Growth YoY [in %] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. BA Solutions n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Consolidation / Others n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA 14.2% 22.7% 16.4% 12.7% 16.4% 22.8%

  • 0.4%

4.0% 0.5% 3.4% Book-to-Bill Ratio LTM (rolling last 12 months) Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 1.03 1.03 1.04 1.01 1.01 1.04 1.03 1.02 1.04 1.04 BA Solutions 1.09 1.08 1.10 1.07 1.07 1.09 1.08 1.09 1.09 1.09 Consolidation / Others n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA 1.06 1.05 1.07 1.04 1.04 1.06 1.06 1.05 1.07 1.07

slide-53
SLIDE 53

Key figures time line (3/14)

53

GEA Conference Call Presentation Q2 2017 Order Intake [in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 533.3 570.6 573.2 553.1 2,230.2 574.9 569.7 564.7 585.8 2,295.1 BA Solutions 610.2 698.2 640.8 636.3 2,585.5 502.1 652.4 646.5 622.3 2,423.4 Consolidation / Others

  • 48.5
  • 48.8
  • 45.6
  • 45.0
  • 187.8
  • 52.7
  • 52.2
  • 43.3
  • 50.6
  • 198.9

GEA 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 Order Backlog [in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 597.8 616.3 618.1 554.5 554.5 627.6 624.1 596.7 532.6 532.6 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 Consolidation / Others

  • 29.2
  • 33.8
  • 35.0
  • 31.1
  • 31.1
  • 37.6
  • 38.8
  • 34.9
  • 35.2
  • 35.2

GEA 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 Sales [in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 465.4 533.2 554.4 610.9 2,164.0 495.4 565.4 598.3 648.5 2,307.6 BA Solutions 503.7 575.2 579.3 680.1 2,338.3 502.2 603.3 594.9 704.0 2,404.3 Consolidation / Others

  • 45.0
  • 43.8
  • 44.6
  • 48.9
  • 182.2
  • 46.9
  • 51.0
  • 47.3
  • 51.0
  • 196.2

GEA 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 Adjusted Sales Growth YoY [in %] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 4.5% 3.7% 3.6% 7.6% 4.9% 9.7% 9.0% 8.5% 5.3% 8.0% BA Solutions 5.7% 12.1% 9.3% 4.5% 7.7% 2.4% 7.6% 2.0% 2.2% 3.5% Consolidation / Others n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA 5.0% 8.0% 6.2% 6.5% 6.5% 6.0% 7.9% 5.2% 3.6% 5.6% Book-to-Bill Ratio LTM (rolling last 12 months) Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 1.02 1.03 1.04 1.03 1.03 1.04 1.02 1.00 0.99 0.99 BA Solutions 1.06 1.11 1.10 1.11 1.11 1.06 1.03 1.02 1.01 1.01 Consolidation / Others n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA 1.05 1.07 1.08 1.07 1.07 1.05 1.02 1.01 1.00 1.00

slide-54
SLIDE 54

Key figures time line (4/14)

54

GEA Conference Call Presentation Q2 2017 Order Intake [in EUR million] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 586.5 573.0 546.9 586.6 2,293.0 570.4 617.2 561.6 597.6 2,346.8 BA Solutions 588.3 628.9 573.7 704.6 2,495.6 622.2 658.6 568.5 685.3 2,534.6 Consolidation / Others

  • 47.4
  • 53.1
  • 52.3
  • 45.7
  • 198.5
  • 48.2
  • 53.8
  • 46.2
  • 59.6
  • 207.8

GEA 1,127.5 1,148.8 1,068.3 1,245.5 4,590.1 1,144.3 1,222.1 1,083.9 1,223.3 4,673.6 Order Backlog [in EUR million] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 608.3 581.4 557.8 501.9 501.9 563.0 615.6 603.0 567.4 567.4 BA Solutions 1,684.4 1,652.9 1,634.2 1,585.4 1,585.4 1,702.1 1,783.1 1,755.8 1,742.5 1,742.5 Consolidation / Others

  • 36.7
  • 38.8
  • 43.6
  • 33.5
  • 33.5
  • 36.5
  • 39.7
  • 35.1
  • 45.8
  • 45.8

GEA 2,256.0 2,195.5 2,148.4 2,053.7 2,053.7 2,228.5 2,359.0 2,323.7 2,264.0 2,264.0 Sales [in EUR million] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 527.0 587.9 558.9 650.0 2,323.7 490.8 570.9 566.8 633.7 2,262.2 BA Solutions 526.0 612.9 594.4 741.9 2,475.2 495.5 633.7 585.0 711.6 2,425.7 Consolidation / Others

  • 46.6
  • 50.7
  • 46.7
  • 55.7
  • 199.6
  • 45.1
  • 47.7
  • 51.0
  • 52.3
  • 196.0

GEA 1,006.4 1,150.1 1,106.6 1,336.2 4,599.3 941.2 1,156.9 1,100.8 1,293.0 4,491.9 Adjusted Sales Growth YoY [in %] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 0.8%

  • 2.5%
  • 9.6%
  • 4.4%
  • 4.2%
  • 6.5%
  • 0.8%

1.5%

  • 1.8%
  • 1.8%

BA Solutions

  • 2.5%
  • 5.8%
  • 6.0%
  • 1.5%
  • 3.9%
  • 6.3%
  • 0.1%
  • 4.3%
  • 6.8%
  • 4.4%

Consolidation / Others n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA

  • 0.9%
  • 4.1%
  • 8.0%
  • 3.3%
  • 4.2%
  • 6.4%
  • 0.1%
  • 1.8%
  • 4.4%
  • 3.1%

Book-to-Bill Ratio L4Q Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 0.99 0.98 0.99 0.99 0.99 1.00 1.02 1.03 1.04 1.04 BA Solutions 1.03 1.02 0.99 1.01 1.01 1.03 1.04 1.04 1.04 1.04 Consolidation / Others n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA 1.01 1.00 0.99 1.00 1.00 1.02 1.03 1.04 1.04 1.04

slide-55
SLIDE 55

Key figures time line (5/14)

55

GEA Conference Call Presentation Q2 2017

Order Intake [in EUR million] Q1 17 Q2 17 BA Equipment 621.7 622.0 BA Solutions 564.1 671.5 Consolidation / Others

  • 49.8
  • 52.5

GEA 1,136.0 1,241.1 Order Backlog [in EUR million] Q1 17 Q2 17 BA Equipment 655.6 667.0 BA Solutions 1,780.9 1,794.5 Consolidation / Others

  • 47.6
  • 51.7

GEA 2,388.9 2,409.9 Sales [in EUR million] Q1 17 Q2 17 BA Equipment 531.6 585.5 BA Solutions 520.7 601.7 Consolidation / Others

  • 48.4
  • 48.7

GEA 1,003.9 1,138.5 Adjusted Sales Growth YoY [in %] Q1 17 Q2 17 BA Equipment 6.4% 1.6% BA Solutions 0.6%

  • 5.9%

Consolidation / Others n.a. n.a. GEA 3.3%

  • 2.5%

Book-to-Bill Ratio L4Q Q1 17 Q2 17 BA Equipment 1.04 1.04 BA Solutions 1.01 1.03 Consolidation / Others n.a. n.a. GEA 1.02 1.03

slide-56
SLIDE 56

Key figures time line (6/14)

56

GEA Conference Call Presentation Q2 2017 Operating EBITDA [in EUR million] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment 31.2 35.7 42.5 52.6 162.0 35.0 40.5 58.6 57.9 192.0 BA Solutions 11.7 21.5 22.7 43.3 99.3 12.1 21.2 23.2 68.8 125.3 Consolidation / Others

  • 0.2

0.1 0.9

  • 13.3
  • 12.6
  • 2.3

2.0

  • 2.0
  • 4.5
  • 6.7

GEA 42.7 57.3 66.2 82.6 248.7 44.9 63.7 79.8 122.3 310.6 Operating EBITDA - Margin [in %] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment 10.0% 11.6% 14.0% 16.4% 13.0% 12.9% 12.8% 16.8% 15.3% 14.6% BA Solutions 3.1% 5.4% 5.6% 9.6% 6.1% 3.4% 5.2% 5.2% 12.7% 7.2% GEA 6.3% 8.3% 9.5% 10.9% 8.8% 7.4% 9.1% 10.4% 13.7% 10.5% EBITDA reported [in EUR million] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment 31.2 33.3 39.9 38.6 143.0 34.9 38.6 49.4 52.5 175.4 BA Solutions 10.5 17.9 11.9 32.3 72.6 12.0 19.8 21.1 55.9 108.9 Consolidation / Others

  • 3.1
  • 2.2
  • 3.5
  • 19.2
  • 28.1

0.0

  • 1.2
  • 5.2
  • 6.1
  • 12.4

GEA 38.6 49.0 48.3 51.7 187.6 47.0 57.2 65.4 102.3 271.9 Operating EBIT [in EUR million] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment 24.8 29.0 35.6 45.4 134.9 27.4 32.6 50.7 47.2 157.8 BA Solutions 7.7 17.3 18.7 39.1 82.8 7.9 16.8 18.9 64.0 107.6 Consolidation / Others

  • 3.0
  • 2.9
  • 2.0
  • 18.2
  • 26.0
  • 5.3
  • 0.8
  • 4.3
  • 7.1
  • 17.5

GEA 29.4 43.4 52.4 66.3 191.6 29.9 48.5 65.3 104.1 247.9 Operating EBIT - Margin [in %] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment 7.9% 9.4% 11.8% 14.2% 10.8% 10.1% 10.3% 14.5% 12.4% 12.0% BA Solutions 2.0% 4.3% 4.6% 8.7% 5.1% 2.2% 4.1% 4.2% 11.8% 6.2% GEA 4.4% 6.3% 7.5% 8.8% 6.8% 5.0% 6.9% 8.5% 11.7% 8.4%

slide-57
SLIDE 57

Key figures time line (7/14)

57

GEA Conference Call Presentation Q2 2017 Operating EBITDA [in EUR million] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 41.6 66.8 74.0 95.6 278.0 43.3 66.5 80.2 98.4 288.4 BA Solutions 25.0 38.3 45.1 87.9 196.3 25.6 45.3 51.4 90.8 213.1 Consolidation / Others

  • 4.2
  • 4.7

0.7 3.5

  • 4.7
  • 0.9
  • 1.1

0.6

  • 5.7
  • 7.1

GEA 62.4 100.3 119.8 187.0 469.6 68.0 110.7 132.3 183.5 494.4 Operating EBITDA - Margin [in %] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 12.7% 13.7% 14.3% 16.4% 14.5% 9.8% 12.9% 14.7% 16.9% 13.8% BA Solutions 6.1% 7.6% 8.8% 13.9% 9.5% 5.3% 8.7% 9.3% 13.4% 9.5% GEA 8.8% 10.4% 12.2% 15.9% 12.3% 7.7% 11.1% 12.5% 15.2% 11.9% EBITDA reported [in EUR million] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 41.6 47.1 74.7 94.9 258.2 7.4 62.3 73.6 80.4 223.7 BA Solutions 25.0 38.3 45.1 87.9 196.3 25.6 45.3 51.2 90.8 212.8 Consolidation / Others

  • 6.8
  • 7.2
  • 1.9

1.7

  • 14.2
  • 3.6
  • 3.5
  • 1.8
  • 7.7
  • 16.5

GEA 59.9 78.1 117.9 184.4 440.3 29.4 104.1 123.0 163.5 420.1 Operating EBIT [in EUR million] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 33.8 56.2 63.2 85.7 238.8 32.9 57.1 70.1 87.2 247.4 BA Solutions 20.6 33.7 40.1 82.7 177.1 21.0 40.5 46.6 85.2 193.4 Consolidation / Others

  • 6.1
  • 6.7
  • 1.4

0.9

  • 13.3
  • 3.2
  • 2.7
  • 1.3
  • 7.8
  • 15.0

GEA 48.2 83.2 101.9 169.3 402.6 50.7 94.9 115.4 164.7 425.8 Operating EBIT - Margin [in %] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 10.4% 11.5% 12.2% 14.7% 12.5% 7.5% 11.1% 12.8% 15.0% 11.9% BA Solutions 5.0% 6.7% 7.8% 13.1% 8.6% 4.4% 7.8% 8.4% 12.6% 8.7% GEA 6.8% 8.6% 10.4% 14.4% 10.5% 5.8% 9.5% 10.9% 13.6% 10.3%

slide-58
SLIDE 58

Key figures time line (8/14)

58

GEA Conference Call Presentation Q2 2017 Operating EBITDA [in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 48.6 66.3 84.3 113.4 312.7 56.6 72.4 90.5 131.7 351.1 BA Solutions 32.1 52.2 53.5 95.2 233.0 34.2 57.8 60.3 113.5 265.8 Consolidation / Others

  • 8.3
  • 0.1
  • 4.3
  • 2.9
  • 15.6
  • 5.7
  • 2.2
  • 1.7
  • 16.7
  • 26.3

GEA 72.4 118.4 133.5 205.7 530.1 85.1 128.0 149.0 228.5 590.7 Operating EBITDA - Margin [in %] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 10.4% 12.4% 15.2% 18.6% 14.4% 11.4% 12.8% 15.1% 20.3% 15.2% BA Solutions 6.4% 9.1% 9.2% 14.0% 10.0% 6.8% 9.6% 10.1% 16.1% 11.1% GEA 7.8% 11.1% 12.3% 16.6% 12.3% 9.0% 11.5% 13.0% 17.6% 13.1% EBITDA reported [in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 48.3 66.3 84.3 113.4 312.4 56.6 72.4 85.7 126.0 340.7 BA Solutions 32.1 52.2 53.5 95.2 233.0 34.2 57.8 58.6 113.8 264.5 Consolidation / Others

  • 9.3
  • 4.7
  • 7.9
  • 8.3
  • 30.2
  • 7.8
  • 7.1
  • 4.3
  • 46.0
  • 65.3

GEA 71.1 113.8 130.0 200.3 515.2 83.0 123.1 140.0 193.9 539.9 Operating EBIT [in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 38.4 55.6 72.9 100.5 267.4 44.4 60.0 77.8 116.1 298.3 BA Solutions 27.4 47.6 48.7 90.8 214.4 29.8 53.1 55.7 109.2 247.8 Consolidation / Others

  • 10.4
  • 2.2
  • 6.0
  • 4.5
  • 23.0
  • 7.4
  • 3.8
  • 3.3
  • 18.1
  • 32.6

GEA 55.4 101.0 115.6 186.8 458.8 66.8 109.3 130.2 207.2 513.5 Operating EBIT - Margin [in %] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 8.3% 10.4% 13.1% 16.5% 12.4% 9.0% 10.6% 13.0% 17.9% 12.9% BA Solutions 5.4% 8.3% 8.4% 13.3% 9.2% 5.9% 8.8% 9.4% 15.5% 10.3% GEA 6.0% 9.5% 10.6% 15.0% 10.6% 7.0% 9.8% 11.4% 15.9% 11.4%

slide-59
SLIDE 59

Key figures time line (9/14)

59

GEA Conference Call Presentation Q2 2017 Operating EBITDA [in EUR million] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 67.4 84.5 92.4 137.6 381.8 72.3 86.0 91.3 133.9 383.5 BA Solutions 32.3 58.1 51.9 113.1 255.3 26.5 61.7 18.5 76.7 183.5 Consolidation / Others

  • 1.5
  • 3.3
  • 0.5
  • 10.9
  • 16.2
  • 4.9
  • 2.5

2.8 3.9

  • 0.7

GEA 98.2 139.3 143.7 239.8 621.0 93.9 145.2 112.7 214.5 566.3 Operating EBITDA - Margin [in %] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 12.8% 14.4% 16.5% 21.2% 16.4% 14.7% 15.1% 16.1% 21.1% 17.0% BA Solutions 6.1% 9.5% 8.7% 15.2% 10.3% 5.3% 9.7% 3.2% 10.8% 7.6% GEA 9.8% 12.1% 13.0% 17.9% 13.5% 10.0% 12.6% 10.2% 16.6% 12.6% EBITDA reported [in EUR million] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 64.5 27.6 90.4 126.4 308.8 72.4 88.5 88.6 122.2 371.8 BA Solutions 31.7 31.1 45.1 94.6 202.6 22.6 62.5 15.9 62.3 163.3 Consolidation / Others

  • 3.1
  • 52.3
  • 25.1
  • 1.1
  • 81.6
  • 9.8
  • 13.7
  • 4.2
  • 6.8
  • 34.4

GEA 93.0 6.4 110.4 220.0 429.8 85.2 137.3 100.4 177.7 500.6 Operating EBIT [in EUR million] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 54.3 71.5 78.1 122.9 326.8 59.0 72.1 77.5 117.5 326.0 BA Solutions 27.5 53.3 46.6 107.5 234.8 21.9 57.1 13.6 71.7 164.3 Consolidation / Others

  • 3.0
  • 5.0
  • 2.1
  • 12.7
  • 22.8
  • 6.5
  • 4.0

0.7 4.6

  • 5.3

GEA 78.8 119.8 122.6 217.7 538.8 74.3 125.2 91.7 193.8 485.0 Operating EBIT - Margin [in %] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 10.3% 12.2% 14.0% 18.9% 14.1% 12.0% 12.6% 13.7% 18.5% 14.4% BA Solutions 5.2% 8.7% 7.8% 14.5% 9.5% 4.4% 9.0% 2.3% 10.1% 6.8% GEA 7.8% 10.4% 11.1% 16.3% 11.7% 7.9% 10.8% 8.3% 15.0% 10.8%

slide-60
SLIDE 60

Key figures time line (10/14)

60

GEA Conference Call Presentation Q2 2017 Operating EBITDA [in EUR million] Q1 17 Q2 17 BA Equipment 69.3 96.9 BA Solutions 23.6 35.1 Consolidation / Others 3.5

  • 9.6

GEA 96.4 122.4 Operating EBITDA - Margin [in %] Q1 17 Q2 17 BA Equipment 13.0% 16.5% BA Solutions 4.5% 5.8% GEA 9.6% 10.8% EBITDA reported [in EUR million] Q1 17 Q2 17 BA Equipment 67.4 93.1 BA Solutions 22.4 32.5 Consolidation / Others 1.1

  • 19.0

GEA 90.9 106.6 Operating EBIT [in EUR million] Q1 17 Q2 17 BA Equipment 55.3 82.4 BA Solutions 18.9 30.7 Consolidation / Others 2.1

  • 11.2

GEA 76.3 101.9 Operating EBIT - Margin [in %] Q1 17 Q2 17 BA Equipment 10.4% 14.1% BA Solutions 3.6% 5.1% GEA 7.6% 8.9%

slide-61
SLIDE 61

Key figures time line (11/14)

61

GEA Conference Call Presentation Q2 2017

EBIT reported [in EUR million] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment 24.2 26.0 32.2 30.7 113.2 26.6 29.8 40.7 40.4 137.5 BA Solutions 5.8 13.0 7.2 26.7 52.7 7.1 14.7 16.1 50.3 88.2 Consolidation / Others

  • 6.0
  • 5.3
  • 6.5
  • 24.0
  • 41.8
  • 3.1
  • 4.1
  • 7.6
  • 8.7
  • 23.4

GEA 24.0 33.7 33.0 33.4 124.2 30.5 40.4 49.3 82.0 202.2 Capital Employed w/o goodwill1) (average LTM) [in EUR million] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment

  • n.a.

633.4 632.0 630.7 641.6 641.6 BA Solutions

  • n.a.

382.9 375.0 369.1 360.8 360.8 Consolidation / Others

  • n.a.

62.1 64.0 66.1 67.0 67.0 GEA

  • n.a.

1,078.4 1,071.0 1,066.0 1,069.5 1,069.5 ROCE w/o goodwill2) LTM [in%] Q1 09 Q2 09 Q3 09 Q4 09 FY 2009 Q1 10 Q2 10 Q3 10 Q4 10 FY 2010 BA Equipment

  • n.a.

18.2% 18.9% 20.3% 21.4% 21.4% BA Solutions

  • n.a.

14.1% 14.9% 17.5% 24.4% 24.4% GEA

  • n.a.

12.1% 12.8% 14.4% 18.9% 18.9% EBIT reported [in EUR million] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 33.0 27.4 56.1 81.2 197.7

  • 7.6

48.0 58.5 50.5 149.3 BA Solutions 19.8 33.0 39.5 80.0 172.2 20.1 39.5 45.3 84.5 189.6 Consolidation / Others

  • 8.7
  • 9.2
  • 4.0
  • 1.0
  • 22.9
  • 6.0
  • 5.2
  • 3.7
  • 9.7
  • 24.6

GEA 44.0 51.1 91.6 160.2 347.0 6.5 82.3 100.1 125.4 314.3 Capital Employed w/o goodwill1) (average LTM) [in EUR million] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 694.6 843.9 1,007.6 1,175.3 1,175.3 1,299.8 1,340.7 1,376.0 1,402.6 1,402.6 BA Solutions 356.2 353.3 356.8 370.1 370.1 393.2 410.6 419.1 408.0 408.0 Consolidation / Others 67.1 69.2 72.3 74.2 74.2 79.0 79.0 77.6 76.8 76.8 GEA 1,117.9 1,266.4 1,436.7 1,619.6 1,619.6 1,771.9 1,830.3 1,872.7 1,887.4 1,887.4 ROCE w/o goodwill2) LTM [in%] Q1 11 Q2 11 Q3 11 Q4 11 FY 2011 Q1 12 Q2 12 Q3 12 Q4 12 FY 2012 BA Equipment 20.7% 16.8% 15.6% 16.8% 16.8% 12.1% 13.2% 13.1% 10.6% 10.6% BA Solutions 28.3% 33.7% 39.9% 46.5% 46.5% 43.9% 43.6% 44.1% 46.5% 46.5% GEA 19.3% 17.9% 18.7% 21.4% 21.4% 17.5% 18.6% 18.6% 16.7% 16.7%

slide-62
SLIDE 62

Key figures time line (12/14)

62

GEA Conference Call Presentation Q2 2017

EBIT reported [in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 33.0 50.5 67.9 95.5 246.9 39.3 55.2 68.2 105.6 268.3 BA Solutions 26.5 46.7 47.8 89.5 210.5 28.9 52.3 53.1 108.8 243.0 Consolidation / Others

  • 11.5
  • 6.8
  • 9.7
  • 9.9
  • 37.9
  • 9.5
  • 8.8
  • 5.9
  • 47.3
  • 71.5

GEA 48.1 90.4 106.0 175.1 419.6 58.7 98.7 115.4 167.0 439.9 Capital Employed w/o goodwill1) (average LTM) [in EUR million] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 1,428.1 1,438.7 1,444.9 1,454.9 1,454.9 1,466.1 1,480.1 1,494.7 1,506.2 1,506.2 BA Solutions 391.3 381.5 372.1 371.3 371.3 365.4 365.0 370.2 375.5 375.5 Consolidation / Others 70.7 70.3 69.6 68.8 68.8 68.8 66.9 64.1 61.8 61.8 GEA 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 ROCE w/o goodwill2) LTM [in%] Q1 13 Q2 13 Q3 13 Q4 13 FY 2013 Q1 14 Q2 14 Q3 14 Q4 14 FY 2014 BA Equipment 13.3% 13.4% 14.0% 17.0% 17.0% 17.3% 17.4% 17.3% 17.8% 17.8% BA Solutions 50.1% 53.2% 55.3% 56.7% 56.7% 58.3% 59.9% 60.4% 64.7% 64.7% GEA 18.8% 19.3% 19.6% 22.1% 22.1% 22.6% 22.9% 23.2% 22.6% 22.6% EBIT reported [in EUR million] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 46.5 8.1 72.3 100.2 227.1 54.1 69.6 69.7 99.5 292.9 BA Solutions 25.7 24.9 37.6 82.3 170.5 16.3 53.8 7.0 56.2 133.4 Consolidation / Others

  • 4.7
  • 54.0
  • 26.7
  • 2.8
  • 88.1
  • 11.4
  • 15.2
  • 6.3
  • 6.3
  • 39.2

GEA 67.5

  • 20.9

83.1 179.7 309.4 59.0 108.2 70.5 149.4 387.0 Capital Employed w/o goodwill1) (average L12M) [in EUR million] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 1,519.8 1,526.8 1,530.6 1,543.7 1,543.7 1,538.9 1,537.5 1,538.9 1,540.1 1,540.1 BA Solutions 391.0 417.1 460.6 514.6 514.6 541.5 596.2 634.2 676.6 676.6 Consolidation / Others 63.2 62.8 62.1 61.2 61.2 56.4 54.2 60.5 76.6 76.6 GEA 1,974.0 2,006.7 2,053.2 2,119.6 2,119.6 2,136.8 2,187.8 2,233.6 2,293.2 2,293.2 ROCE w/o goodwill2) [in%] Q1 15 Q2 15 Q3 15 Q4 15 FY 2015 Q1 16 Q2 16 Q3 16 Q4 16 FY 2016 BA Equipment 18.1% 15.0% 15.2% 14.7% 14.7% 15.3% 19.3% 19.1% 19.0% 19.0% BA Solutions 61.3% 51.0% 42.8% 33.1% 33.1% 29.8% 31.9% 25.1% 19.7% 19.7% GEA 22.7% 16.4% 14.5% 14.6% 14.6% 14.1% 19.7% 18.7% 16.9% 16.9%

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SLIDE 63

Key figures time line (13/14)

63

GEA Conference Call Presentation Q2 2017

EBIT reported [in EUR million] Q1 17 Q2 17 BA Equipment 48.7 73.8 BA Solutions 15.2 25.5 Consolidation / Others

  • 0.3
  • 20.6

GEA 63.6 78.7 Capital Employed w/o goodwill1) (average L12M) [in EUR million] Q1 17 Q2 17 BA Equipment 1,557.3 1,568.8 BA Solutions 734.0 741.6 Consolidation / Others 79.1 80.3 GEA 2,370.4 2,390.7 ROCE w/o goodwill2) [in%] Q1 17 Q2 17 BA Equipment 18.5% 18.6% BA Solutions 18.0% 14.0% GEA 16.5% 15.1%

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SLIDE 64

Key figures time line (14/14): Remarks

  • Please note:

Adjusted sales growth = before currency translation and structural change

  • 1) Capital employed excluding EUR ~800m goodwill from the acquisition of the former GEA AG by the

former Metallgesellschaft AG in 1999.

  • 2) ROCE L4Q = EBIT reported (L4Q) / Capital employed excluding EUR ~800m goodwill from the

acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L12M).

64

GEA Conference Call Presentation Q2 2017

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SLIDE 65

Investor Relations Contact

65

GEA Conference Call Presentation Q2 2017

Donat von Müller +49 211 9136 1080 donat.vonmueller@gea.com

  • Dr. Helmut Schmale

CFO +49 211 9136 1082 ir@gea.com Thomas Rosenke +49 211 9136 1085 thomas.rosenke@gea.com

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SLIDE 66

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