Q2 2020 Results Stefan Klebert, CEO Marcus A. Ketter, CFO - - PowerPoint PPT Presentation

Q2 2020 Results

Stefan Klebert, CEO Marcus A. Ketter, CFO

DÜSSELDORF, AUGUST 12, 2020

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

GEA Q2 2020 Figures

2

3

GEA Q2 2020 Figures

Highlights Q2 2020

Stefan Klebert, CEO

GEA with significant earnings growth in Q2 20 despite COVID-19 related decrease of order intake and sales

4

GEA Q2 2020 Figures

€m Order Intake Sales EBITDA1 EBITDA Margin1 EBIT1 ROCE1,2 Net debt Q2 20 1,034 1,165 140.4 12.1% 93.4 14.8%

• 92

Q2 19 1,147 1,247 111.2 8.9% 57.5 10.5% 330 ∆

• 9.8%
• 6.6%

26.2% 314bp 62.5% 428bp

• 421 €m

COVID-19 impacting order intake Book-to-bill of 0.89x vs. 0.92x in Q2 19 Also sales is impacted by COVID-19 whereas service sales developed more robust than new machines Better gross profit, cost cutting and some windfall profits Net relief from special items YoY of €12m Stronger improvement compared to EBITDA1 as D&A declined slightly YoY Substantial increase based on significant improvement of both, EBIT1 and Capital Employed Net debt of €330m turned into net cash position of €92m

1 before restructuring; 2 L4Q

5

GEA with professional crisis management during COVID-19

GEA Q2 2020 Figures

• Crisis Management Team and Taskforce installed at an

early stage

• Early measures taken for workplace safety, e.g. hygiene

standards, canteen closures

• Dashboard implemented with all relevant KPIs
• Remote Service Tool launched
• Supply chain issues managed smoothly
• Liquidity initiative launched with focus on accounts

receivable, expense management and reduction of NWC

• Proactive savings measures implemented
• Numerous local donation initiatives supported

Solid development in H1 despite challenging environment

Production almost unaffected by COVID-19 (total uptime production sites)

GEA Q2 2020 Figures

6

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20

Uptime is defined as % of total available factory working hours (already deducted by holidays, sick leave, etc.)

7

GEA Q2 2020 Figures

COVID-19: GEA is well prepared in case of a second wave

• Safety of employees: Pandemic emergency plans, tools

to work remotely and protection equipment are in place

• Supply chain: Tool allowing visibility on major suppliers

material and distribution situation

• Production: Clear safety procedures and processes to

keep production sites operating

• Service: Remote access support tool
• Finance: Liquidity Office established, ready to continue

cost cutting measures

Measures in place to secure business continuity

8

GEA Q2 2020 Figures

Business & Financial Review Q2 2020

Marcus A. Ketter, CFO

GEA Group: Strong EBITDA1 growth despite COVID-19 related top-line decline

GEA Q2 2020 Figures

9

Order intake declined by 9.8% YoY (adj. -8.0%)

• Order intake was mostly impacted by declining

medium sized orders (>€5m, <€15m) and

• rders below €1m
• Book-to-bill ratio almost stable (0.89x vs 0.92x

in Q2 19) Sales fell by 6.6% YoY (adj. -5.2%)

• Global travel restrictions due to COVID-19

impacted order execution

• Service sales only down by 3.3% and share
• f total sales increased to 32.7% (vs. 31.6%

in Q2 19) EBITDA1 margin increased to 12.1% from 8.9%

• Improvement of gross profit
• Lower overhead costs from cost savings

initiatives and windfall profits from COVID-19

• Q2 19 EBITDA1 included a burden of special

items of €21m; Q2 20 included a burden of €9m

1 before restructuring measures

1,147 1,255 1,343 1,377 1,034 0 €m 500 €m 1,000 €m 1,500 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Order Intake

1,247 1,235 1,340 1,094 1,165 0 €m 500 €m 1,000 €m 1,500 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Sales

111 143 150 105 140 0 €m 100 €m 200 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

EBITDA1

Very solid EBITDA1 development in Q2 20 despite negative top-line impact from COVID-19

10

GEA Q2 2020 Figures

€m 32 4 7 4 7 FX EBITDA1 Q2 19 Volume

• 12

Margin R&D SG&A Other

• 7

EBITDA1 Q2 20 140 Special Items FX

• 11

111 ∆ +€29m ∑ ∆ +€24m ∆ -€5m

FX:

• €3m Translational
• €5m Transactional

Special items: Q2 20: -€9m Q2 19: -€21m +€34m New Machines

• €1m Service

Special items: Q2 20: - Q2 19: -€16m Special items: Q2 20: - Q2 19: +€9m Special items: Q2 20: -€9m Q2 19: -€14m

• €9m New

Machines

• €2m Service

Separation & Flow Technologies: Sales and EBITDA increase despite COVID-19 impact

GEA Q2 2020 Figures

11

Order intake down by 11.1% YoY (adj. -9.8%)

• Decline mostly driven by the customer

industries Oil & Gas and Marine and less pronounced by Dairy Processing and Food

• Pharma and Chemical with higher order

intake Sales growth of 4.0% YoY (adj. 5.4%)

• Sales increase was driven by a strong

development in the customer industry Food

• Service sales grew by 1.5% which resulted in

a sales share of 40.3% vs. 41.3% in Q2 19 EBITDA1 margin rose to 20.4% from 15.3%

• The improvement was predominantly driven

by a strong growth of gross profit

• Q2 19 EBITDA1 was burdened by €9m

special items, Q2 20 burdened by only €1m

1 before restructuring measures

323 325 310 332 288 0 €m 200 €m 400 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Order Intake

301 324 340 278 313 0 €m 200 €m 400 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Sales

46 74 69 60 64 0 €m 50 €m 100 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

EBITDA1

Liquid & Powder Technologies: Substantial EBITDA increase despite COVID-19 taking a toll only on order intake and sales

GEA Q2 2020 Figures

12

Order intake declined by 8.4% YoY (adj. -6.6%)

• Decline mostly driven by BUs Beverage & Filling,

Powder and Liquid, BU Chemical was up

• Impact from travel restrictions and order

postponements Sales fell by 5.1% YoY (adj. -4.3%)

• Execution was impacted by travel

restrictions related to COVID-19

• Service sales declined by 6.7% and account

now for 22.0% of sales (vs. 22.4% in Q2 19) EBITDA1 margin rose to 8.9% from 5.6%

• Improvement driven by better gross profit

and lower overhead costs

• Q2 19 EBITDA1 was burdened by €10m

special items, Q2 20 burdened by only €2m

1 before restructuring measures

365 505 549 566 335 0 €m 200 €m 400 €m 600 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Order Intake

445 438 484 385 423 0 €m 200 €m 400 €m 600 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Sales

25 30 40 8 37 0 €m 20 €m 40 €m 60 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

EBITDA1

Food & Healthcare Technologies: Strong EBITDA growth despite Italian legal entities being particularly affected by COVID- 19

GEA Q2 2020 Figures

13

Order intake down by 13.5% YoY (adj. -13.4%)

• Weaker orders in the BUs Bakery and Food

Solutions as well as Slicing & Packaging

• Good growth in Pharma & Healthcare

Sales declined by 5.8% YoY (adj. -5.6%)

• Especially those BUs with a high exposure to

Northern Italy (Pasta and Bakery) were impacted by travel restrictions

• Service sales declined less by only 3.9% and

account now for 24.2% of sales (vs. 23.7% in Q2 19) EBITDA1 margin rose to 9.1% from 4.8%

• Improvement resulted from better gross profit

and lower overhead costs

• Q2 19 EBITDA1 was burdened by €8m special

items, Q2 20 burdened by only €2m

1 before restructuring measures

222 210 244 222 192 0 €m 100 €m 200 €m 300 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Order Intake

252 232 256 213 237 0 €m 100 €m 200 €m 300 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Sales

12 16 19 16 22 0 €m 10 €m 20 €m 30 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

EBITDA1

Farm Technologies: Solid order intake and good EBITDA1 despite COVID-19

GEA Q2 2020 Figures

14

Order intake down by 1.2% YoY (adj. +2.3%)

• Delays in the decision making process of

customers due to the uncertainty regarding the future development of milk prices

• Travel restrictions are an obstacle to visit dealers

and farmers Sales declined by 9.7% YoY (adj. -6.3%)

• Some delays in deliveries due to lockdowns
• Lower YoY backlog at the beginning of Q2 20
• Service sales almost stable and now account

for 46.8% of sales (vs. 42.5% in Q2 19) EBITDA1 margin rose to 10.3% from 8.2%

• Gross profit improvements mainly due to

better new machines margin

• Lower overhead costs due to cost savings

initiatives implemented earlier but also from some windfall profits related to COVID-19

• Q2 20 EBITDA1 was burdened by €3m special

items

1 before restructuring measures

158 156 165 177 156 0 €m 100 €m 200 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Order Intake

160 171 182 141 145 0 €m 100 €m 200 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Sales

13 19 22 11 15 0 €m 10 €m 20 €m 30 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

EBITDA1

Refrigeration Technologies: Top-line decline but stable margin development

GEA Q2 2020 Figures

15

Order intake decline of 30.0% YoY (adj. -27.6%)

• COVID-19 related delays in the decision

making process of customers

• Orders declined in those regions which were

hit hardest by COVID-19 (e.g. Italy) Sales declined by 13.4% YoY (adj. -10.8%)

• COVID-19 related temporary closures of our

production sites caused delays in the execution of orders

• Service sales declined by 9.5% and account

now for 35.8% of sales (vs. 34.3% in Q2 19) EBITDA1 margin stable at 7.9%

• Negative volume effects were compensated by

better gross margin and lower overhead costs

• Q2 20 EBITDA1 was burdened by €2m special

items

1 before restructuring measures

198 175 179 184 138 0 €m 100 €m 200 €m 300 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Order Intake

189 173 193 170 164 0 €m 100 €m 200 €m 300 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

Sales

15 18 18 17 13 0 €m 10 €m 20 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20

EBITDA1

• NWC improvement of €276m YoY or 559bps
• Reduction of NWC at Liquid & Powder,

Separation & Flow, Farm and Refrigeration Technologies

• YoY improvement of trade receivables, net

contract assets and inventories while trade payables remained stable

• The new organizational structure is key for the

significantly better NWC management

• Targeting NWC/Sales ratio of <14% by year-

end 2020

NWC/Sales ratio strongly reduced from 18.6% to 13.0%

GEA Q2 2020 Figures

16 906 941 682 720 630 18.6% 19.2% 14.0% 14.6% 13.0% 0% 5% 10% 15% 20% 25% 0 €m 200 €m 400 €m 600 €m 800 €m 1,000 €m 1,200 €m Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 NWC as of reporting date NWC as of reporting date as of sales (L4Q)

Net cash position of €92m at the end of Q2 2020

17

GEA Q2 2020 Figures

Free Cash Flow Q2 2020 [€m] Net financial cash/debt 06/2020 vs. 03/2020 [€m] Operating Cash Flow

• NWC €64m: improvement mainly due to reduction of

receivables (+€ 61m)

• Restructuring related cash outflow of -€11m
• Others €15m: non-cash increase of provisions for

bad debt, personnel and other overcompensating pension related cash outflow of €11m

Net Cash Flow

• Capex -€18m: thereof €6m replacement, €8m R&D

capitalization, €1m new products, €2m other

Net financial cash

• Dividend payment of 42 cents per share compared

to 85 cents proposed for the full year

• The AGM was postponed to 26 November and the

proposal of the remaining 43 cents per share is still valid

140 197 182 164 64

Capex Net Cash Flow Cash-out Restructuring

2

Others Interests paid Others

• 16
• 2

EBITDA before Restructuring Free Cash Flow Delta NWC

• 11
• 11

Taxes Operating Cash flow

• 18

15

Lease payments

10 92 164

• 76

Net Cash 03/2020 Dividend Net Cash Flow

1

• 3

DOP FX on Cash

• 4

Others Net Cash 06/2020

Maturities [€m]

Strong financial position and sufficient financial headroom

18

Left side: committed Right side: utilization GEA Q2 2020 Figures 82 22 650 128 128

122 122

100 100

50 50

2022 2023 2020 2021 2024 2025 2026 2027 172 172 Evergreens** BNL (2025) EIB BNL (2023) Syn Loan

** Including uncommitted lines and credit lines < 1 Year. * Utilization includes accrued interest and commitment fees

Financing and liquidity

• Sufficient financial leeway
• Ratings: Moody’s confirmed the rating on June 8, the outlook remains negative

with both current ratings, GEA is investment-grade

• Evergreens: Includes uncommitted lines that are shown to the extent of their utilization

and are extended if needed

• EIB: As of April 01, 2020, €100m with a term running until March 31, 2027 have been

utilized (and initially invested)

Rating

Agency Rating Outlook Last update Moody's Baa2 negative June 08, 2020 Fitch BBB- stable May 08, 2020 Committed Utilized €m June 30, 2020 June 30, 2020 Dec. 31, 2019 Borrower's note loan (2023) 128 128 128 Borrower's note loan (2025) 122 122 122 European Investment Bank 150 150 50 Other bilateral credit lines 82 22 26 Syndicated credit lines 650

• Total*

1.132 422 326 Cash and Cash Equivalents 514 355 Net Liquidity (+) / Net Debt (-) 92 28

*** Total net debt / cons. EBITDA based on frozen GAAP (covenant concept) **** According to Moody’s consideration (3,1x in June 2020 as of March 2020)

∆ June 30, June 30,

• Dec. 31,

€m 2020A 2019A 2019A Equity  2.054 2.318 2.090 Leverage*** (Covenant 3x) 

• 0,2x

0,8x

• 0,1x

Leverage**** (Rating) l 3,1x 3,1x 3,3x Financial Headroom  650 750 750 Cash and Cash Equivalents  514 231 355 Net Liquidity (+) / Net Debt (-)  92

• 330

28

19

GEA Q2 2020 Figures

Outlook FY 2020

Stefan Klebert, CEO

0.9% 0.9% 3.1% 2.6% 3.6% 1.3% 1.9% 0.7% 0.7%

• 3.4%
• 5.2%
• 1.8%
• 6.1%
• 8.6%
• 10%
• 8%
• 6%
• 4%
• 2%

0% 2% 4% 6% Q2 19 Q2 20E

External view on industry development YoY

20

GEA Q2 2020 Figures 1.0% 0.8% 2.8% 3.0% 3.6% 1.5% 1.7% 0.5% 0.6%

• 1.0%
• 3.4%

0.7%

• 2.7%
• 5.5%
• 10%
• 8%
• 6%
• 4%
• 2%

0% 2% 4% 6% 2019 2020E

* w/o India & Pakistan; ** measured as “Value-added output, real US$”; *** excl. Construction Sources: Oxford Economics per 21.07.2020; IFCN per 29.07.2020; GEA internal assessment

Prior guidance: Between €430m and €480m (previous year: €479m)

Guidance FY 2020 slightly upgraded

GEA Q2 2020 Figures

21

EBITDA

(before restructuring measures)

SALES Slightly below previous year Minimum upper end of €430m and €480m Between 12.0% and 14.0% ROCE

(before restructuring measures)

Prior guidance: Between 9.0% and 11.0% (previous year: 10.6%) Prior guidance: Slightly below previous year (previous year: €4,880m)

Key priorities 2020

22

GEA Q2 2020 Figures

• Managing the impact of COVID-19 internally and on our business

− Keeping focus on order intake and sales − Managing cost − Securing cash

• Realizing savings from new global procurement and supply chain organization
• Concluding announced headcount reduction
• Continuing to increase operational efficiency
• Divesting earmarked low-margin business

GEA: We are a self-help story

Roadmap for 2020

23

GEA Q2 2020 Figures

Q2 2020 Today Q3 2020 November 5, 2020 AGM November 26, 2020

24

GEA Q2 2020 Figures

Questions & Answers

Stefan Klebert, CEO Marcus A. Ketter, CFO

25

GEA Q2 2020 Figures

Appendix

GEA – Q2 2020 figures

GEA Q2 2020 Figures

26

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: pro-forma figures for 2018 incl. IFRS 16 effects from 2019; 3 ROCE = EBIT1 (L4Q) / Capital employed excluding EUR ~800m goodwill from the

acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L4Q) [in EUR million] Q2 19 Q2 20 Δ YoY L4Q Q2 19 L4Q Q2 20 Δ YoY Order Intake

• 9.8%

5.1% Adjusted1

• 8.0%

5.0% Sales

• 6.6%
• 0.7%

Adjusted1

• 5.2%
• 0.9%

Order Backlog 2,419.8 2,478.1 2.4% 2,419.8 2,478.1 2.4% EBITDA2 111.2 140.4 26.2% 506.3 538.8 6.4% EBITDA Margin2 8.9% 12.1% 314 bps 10.4% 11.1% 74 bps EBIT2 57.5 93.4 62.5% 274.2 336.7 22.8% EBIT Margin2 4.6% 8.0% 341 bps 5.6% 7.0% 133 bps ROCE3 10.5% 14.8% 428 bps 10.5% 14.8% 428 bps 1,146.8 1,034.1 4,765.2 5,008.9 1,247.3 1,164.5 4,866.4 4,833.5 4,859 5,000 4,918 5,001 4,765 4,823 4,931 5,122 5,009 4,729 4,787 4,828 4,846 4,866 4,912 4,880 4,916 4,833 4,400 €m 4,600 €m 4,800 €m 5,000 €m 5,200 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Order Intake Sales 802 748 791 802 811 792 825 830 742 281 210 260 219 238 192 258 263 224 180 160 76 127 80 148 106 144 46 1,383 1,197 1,235 1,186 1,147 1,255 1,343 1,377 1,034 120 79 107 38 18 122 154 140 22 0 €m 200 €m 400 €m 600 €m 800 €m 1,000 €m 1,200 €m 1,400 €m 1,600 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 <€1m >=€1m < €5m >=€5m < €15m >=€15m

Order Intake Development by Size Order Intake and Sales (L4Q) Sales by Customer Industry (L4Q)

12% 18% 29% 13% 7% 7% 16%

Dairy Farming

• 2% YoY

Dairy Processing 3% YoY Food

• 7% YoY

Beverage 12% YoY Pharma

• 12% YoY

Chemical

• 7% YoY

Other 11% YoY GEA

• 1% YoY

Separation & Flow Technologies – Q2 2020 figures

27

GEA Q2 2020 Figures

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: pro-forma figures for 2018 incl. IFRS 16 effects from 2019; 3 ROCE = EBIT1 (L4Q) / Capital employed excluding EUR ~800m goodwill from the

acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L4Q) [in EUR million] Q2 19 Q2 20 Δ YoY L4Q Q2 19 L4Q Q2 20 Δ YoY Order Intake

• 11.1%

3.4% Adjusted1

• 9.8%

3.4% Sales 4.0% 4.0% Adjusted1 5.4% 3.7% Order Backlog 429.8 398.5

• 7.3%

429.8 398.5

• 7.3%

EBITDA2 45.9 63.7 38.8% 258.0 267.0 3.5% EBITDA Margin2 15.3% 20.4% 510 bps 21.4% 21.3%

• 10 bps

EBIT2 36.2 53.4 47.5% 215.6 225.5 4.6% EBIT Margin2 12.0% 17.1% 503 bps 17.9% 18.0% 10 bps ROCE3 21.7% 23.1% 138 bps 21.7% 23.1% 138 bps 323.4 287.6 1,213.8 1,254.8 300.7 312.8 1,206.3 1,254.3 1,172 1,190 1,189 1,195 1,214 1,270 1,272 1,291 1,255 1,107 1,141 1,175 1,198 1,206 1,238 1,238 1,242 1,254 900 €m 1,000 €m 1,100 €m 1,200 €m 1,300 €m 1,400 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Order Intake Sales 0% 21% 27% 11% 10% 6% 25% 272 245 267 273 288 277 280 274 260 14 24 20 30 29 17 30 37 28 19 10 6 13 21 22 17 305 269 308 314 323 325 310 332 288 0 €m 50 €m 100 €m 150 €m 200 €m 250 €m 300 €m 350 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 <€1m >=€1m < €5m >=€5m < €15m >=€15m

Order Intake Development by Size Order Intake and Sales (L4Q) Sales by Customer Industry (L4Q)

Dairy Farming

• 28% YoY

Dairy Processing 4% YoY Food 16% YoY Beverage 2% YoY Pharma

• 12% YoY

Chemical 2% YoY Other 4% YoY SFT 4% YoY

Liquid & Powder Technologies – Q2 2020 figures

GEA Q2 2020 Figures

28

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: pro-forma figures for 2018 incl. IFRS 16 effects from 2019; 3 ROCE = EBIT1 (L4Q) / Capital employed excluding EUR ~800m goodwill from the

acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L4Q) [in EUR million] Q2 19 Q2 20 Δ YoY L4Q Q2 19 L4Q Q2 20 Δ YoY Order Intake

• 8.4%

23.3% Adjusted1

• 6.6%

22.7% Sales

• 5.1%

3.4% Adjusted1

• 4.3%

2.8% Order Backlog 1,128.1 1,318.2 16.9% 1,128.1 1,318.2 16.9% EBITDA2 24.9 37.4 50.4% 78.7 115.1 46.2% EBITDA Margin2 5.6% 8.9% 326 bps 4.7% 6.7% 195 bps EBIT2 14.5 28.3 94.8% 29.0 72.1 148.9% EBIT Margin2 3.3% 6.7% 343 bps 1.7% 4.2% 244 bps ROCE3 11.3% 46.1% 3481 bps 11.3% 46.1% 3481 bps 365.3 334.8 1,584.9 1,953.9 445.2 422.6 1,672.8 1,729.9 1,653 1,719 1,624 1,736 1,585 1,662 1,828 1,984 1,954 1,697 1,673 1,645 1,661 1,673 1,707 1,729 1,753 1,730 1,000 €m 1,200 €m 1,400 €m 1,600 €m 1,800 €m 2,000 €m 2,200 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Order Intake Sales 35% 13% 27% 4% 14% 7% 196 160 202 194 212 215 202 192 176 121 86 110 92 98 99 117 116 111 103 103 55 86 55 86 75 117 26 96 79 16 38 105 154 140 22 517 428 382 410 365 505 549 566 335 0 €m 100 €m 200 €m 300 €m 400 €m 500 €m 600 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 <€1m >=€1m < €5m >=€5m < €15m >=€15m

Order Intake Development by Size Order Intake and Sales (L4Q) Sales by Customer Industry (L4Q)

Dairy Farming n.a Dairy Processing 2% YoY Food

• 11% YoY

Beverage 16% YoY Pharma

• 2% YoY

Chemical

• 13% YoY

Other 107% YoY LPT 3% YoY

Food & Healthcare Technologies – Q2 2020 figures

GEA Q2 2020 Figures

29

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: pro-forma figures for 2018 incl. IFRS 16 effects from 2019; 3 ROCE = EBIT1 (L4Q) / Capital employed excluding EUR ~800m goodwill from the

acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L4Q) [in EUR million] Q2 19 Q2 20 Δ YoY L4Q Q2 19 L4Q Q2 20 Δ YoY Order Intake

• 13.5%
• 13.2%

Adjusted1

• 13.4%
• 13.5%

Sales

• 5.8%
• 5.5%

Adjusted1

• 5.6%
• 5.8%

Order Backlog 597.7 501.9

• 16.0%

597.7 501.9

• 16.0%

EBITDA2 12.1 21.6 78.2% 77.3 73.3

• 5.1%

EBITDA Margin2 4.8% 9.1% 429 bps 7.8% 7.8% 3 bps EBIT2

• 0.8

8.8 n.a 9.6 21.2 121.3% EBIT Margin2

• 0.3%

3.7% 406 bps 1.0% 2.3% 129 bps ROCE3 1.3% 3.9% 259 bps 1.3% 3.9% 259 bps 222.2 192.1 1,001.3 868.8 251.6 236.9 992.6 937.9 932 986 1,070 1,083 1,001 978 914 899 869 874 940 982 980 993 987 963 953 938 500 €m 600 €m 700 €m 800 €m 900 €m 1,000 €m 1,100 €m 1,200 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Order Intake Sales 1% 78% 2% 17% 1% 129 137 149 136 143 127 152 143 122 105 69 78 70 62 50 72 66 56 45 28 11 31 17 21 13 14 24 69 18 15 304 234 307 238 222 210 244 222 192 0 €m 50 €m 100 €m 150 €m 200 €m 250 €m 300 €m 350 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 <€1m >=€1m < €5m >=€5m < €15m >=€15m

Order Intake Development by Size Order Intake and Sales (L4Q) Sales by Customer Industry (L4Q)

Dairy Farming n.a Dairy Processing n.a Food

• 7% YoY

Beverage 107% YoY Pharma

• 14% YoY

Chemical n.a Other n.a FHT

• 6% YoY

Farm Technologies – Q2 2020 figures

GEA Q2 2020 Figures

30

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: pro-forma figures for 2018 incl. IFRS 16 effects from 2019; 3 ROCE = EBIT1 (L4Q) / Capital employed excluding EUR ~800m goodwill from the

acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L4Q) [in EUR million] Q2 19 Q2 20 Δ YoY L4Q Q2 19 L4Q Q2 20 Δ YoY Order Intake

• 1.2%

1.7% Adjusted1 2.3% 2.1% Sales

• 9.7%
• 3.7%

Adjusted1

• 6.3%
• 3.4%

Order Backlog 165.1 163.2

• 1.2%

165.1 163.2

• 1.2%

EBITDA2 13.2 14.9 12.7% 66.9 66.8

• 0.2%

EBITDA Margin2 8.2% 10.3% 204 bps 10.1% 10.4% 37 bps EBIT2 1.3 8.0 500.2% 32.4 43.8 35.3% EBIT Margin2 0.8% 5.5% 471 bps 4.9% 6.9% 198 bps ROCE3 10.3% 14.6% 428 bps 10.3% 14.6% 428 bps 157.8 155.9 643.9 654.8 160.1 144.6 663.7 638.9 698 700 674 653 644 630 642 657 655 662 666 663 668 664 660 656 654 639 500 €m 550 €m 600 €m 650 €m 700 €m 750 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Order Intake Sales 164 154 148 158 146 152 161 162 146 3 10 5 4 12 5 4 16 10 6 167 170 153 162 158 156 165 177 156 0 €m 20 €m 40 €m 60 €m 80 €m 100 €m 120 €m 140 €m 160 €m 180 €m 200 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 <€1m >=€1m < €5m >=€5m < €15m >=€15m

Order Intake Development by Size Order Intake and Sales (L4Q) Sales by Customer Industry (L4Q)

100%

Dairy Farming

• 4% YoY

Dairy Processing n.a Food n.a Beverage n.a Pharma n.a Chemical n.a Other n.a FT

• 4% YoY

Refrigeration Technologies – Q2 2020 figures

GEA Q2 2020 Figures

31

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: pro-forma figures for 2018 incl. IFRS 16 effects from 2019; 3 ROCE = EBIT1 (L4Q) / Capital employed excluding EUR ~800m goodwill from the

acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L4Q) [in EUR million] Q2 19 Q2 20 Δ YoY L4Q Q2 19 L4Q Q2 20 Δ YoY Order Intake

• 30.0%
• 12.1%

Adjusted1

• 27.6%
• 11.9%

Sales

• 13.4%
• 7.2%

Adjusted1

• 10.8%
• 7.1%

Order Backlog 295.7 265.1

• 10.4%

295.7 265.1

• 10.4%

EBITDA2 14.9 13.0

• 12.6%

59.1 66.7 12.9% EBITDA Margin2 7.9% 7.9% 7 bps 7.8% 9.5% 170 bps EBIT2 9.7 8.0

• 17.7%

35.8 44.4 24.1% EBIT Margin2 5.1% 4.8%

• 26 bps

4.7% 6.3% 160 bps ROCE3 13.3% 17.8% 455 bps 13.3% 17.8% 455 bps 197.7 138.4 771.1 677.8 189.5 164.2 754.6 699.9 777 799 799 783 771 751 707 737 678 746 752 778 760 755 743 705 725 700 600 €m 800 €m 1,000 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Order Intake Sales 160 152 164 132 142 122 135 138 106 38 21 48 23 38 21 34 38 27 12 23 11 18 32 10 9 6 210 196 223 154 198 175 179 184 138 0 €m 50 €m 100 €m 150 €m 200 €m 250 €m Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 <€1m >=€1m < €5m >=€5m < €15m >=€15m

Order Intake Development by Size Order Intake and Sales (L4Q) Sales by Customer Industry (L4Q)

4% 35% 4% 2% 54%

Dairy Farming n.a Dairy Processing 0% YoY Food

• 21% YoY

Beverage

• 20% YoY

Pharma n.a Chemical 344% YoY Other 5% YoY RT

• 7% YoY

Service sales

32

GEA Q2 2020 Figures

116 110 133 119 124 130 137 121 126

80 78 101 71 100 97 115 86 93

52 58 63 54 60 58 64 58 57 67 73 72 67 68 73 78 72 68 71 68 80 55 65 61 69 60 59 368 366 428 346 394 396 438 375 381 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT LPT FHT FT RT

Figures are shown in EUR million. Totals differ from sum below due to consolidation effects.

Development of selected P&L items

33

GEA Q2 2020 Figures €m Q2 20 Q2 19 ∆ YoY Comment Sales 1,164.5 1,247.3

• 6.6%

Gross profit 356.5 352.9 1.0% Lower volume overcompensated by higher margin; last year was burdened by special charges from backlog review Selling expenses 136.6 157.0

• 13.0% Improvement mostly due to reduced travel, advertising and marketing expenses

Research and development expenses 21.4 26.1

• 18.0% Mainly a result of lower D&A and other expenses

General and administrative expenses 117.9 110.7 6.5% Higher IT and consulting expenses Other income 85.2 55.9 52.5% Increase due to currency gains Other expenses 83.4 70.6 18.1% Increase due to currency losses; last year included €16m provision for legal cases Earnings before interest and tax (EBIT) 71.2 38.2 86.1% Profit before tax from continuing operations 66.4 34.6 92.0% Income taxes 21.2 8.0 166.2% Tax rate of 31.9% in Q2 20 due to income from countries where we can not use tax loss carry forwards. New guidance for FY 20: ~30% Profit after tax from continuing operations 45.2 26.6 69.9% Profit for the period 45.2 25.4 78.1% Basic and diluted earnings per share (€) 0.25 0.14 78.6%

Growth Breakdown Order Intake

34

GEA Q2 2020 Figures

in EURm Δ abs Δ in % Δ abs Δ in % Δ abs Δ in % Δ abs Δ in % Order Intake previous period 1.147 1.377 2.333 4.765 Structural Change

• Currency Translation
• 21
• 1,8%
• 15
• 1,1%
• 24
• 1,0%

7 0,1% Like-for-Like Development

• 92
• 8,0%
• 328
• 23,8%

101 4,3% 237 5,0% Order Intake current period 1.034

• 9,8%

1.034

• 24,9%

2.411 3,3% 5.009 5,1%

Q2 20 vs. Q2 19 Q2 20 vs. Q1 20 Q1 - Q2 20 vs. Q1 - Q2 19 L4Q Q2 20 vs. L4Q Q2 19

Growth Breakdown Sales

35

GEA Q2 2020 Figures

in EURm Δ abs Δ in % Δ abs Δ in % Δ abs Δ in % Δ abs Δ in % Sales previous period 1.247 1.094 2.305 4.866 Structural Change

• Currency Translation
• 19
• 1,5%
• 17
• 1,5%
• 19
• 0,8%

13 0,3% Like-for-Like Development

• 64
• 5,2%

87 8,0%

• 27
• 1,2%
• 45
• 0,9%

Sales current period 1.165

• 6,6%

1.165 6,5% 2.258

• 2,0%

4.833

• 0,7%

Q2 20 vs. Q2 19 Q2 20 vs. Q1 20 Q1 - Q2 20 vs. Q1 - Q2 19 L4Q Q2 20 vs. L4Q Q2 19

Order intake split as of Q2 2020 L4Q: Top 30 countries account for 86% of order intake

36

GEA Q2 2020 Figures

Top DM Countries Share Delta LTM % BtB Top EM Countries Share Delta LTM % BtB United States 16% 0,99 China 10% 1,16 Germany 9% 1,14 Russian Federation 3% 0,87 France 5% 1,12 Poland 3% 1,32 Netherlands 4% 1,15 Brazil 3% 1,19 Spain 3% 1,11 India 2% 0,83 Italy 3% 1,05 Indonesia 2% 1,12 United Kingdom 3% 0,97 Mexico 2% 0,99 Canada 2% 0,82 Vietnam 1% 1,66 Japan 2% 1,09 South Africa 1% 1,15 Ireland 2% 1,02 Turkey 1% 1,10 Belgium 2% 0,83 Thailand 1% 1,03 New Zealand 1% 0,93 Malaysia 1% 1,47 Denmark 1% 1,11 Belarus 1% 1,13 Australia 1% 0,88 Uruguay 1% 1,42 Switzerland 1% 0,77 Argentina 1% 1,09

More than 5% Betw een 1% and 5% Betw een -1% and 1% Betw een -5% and -1% Less than -5%

€m Expectations for 2020 (pro forma) 2019 Expectations for 2020 (pro forma) 2019 Separation & Flow Technologies slightly declining 1,238 slightly rising 247 Liquid & Powder Technologies slightly declining 1,729 significantly rising 87 Food & Healthcare Technologies significantly declining 963 significantly rising 67 Refrigeration Technologies significantly declining 705 slightly declining 58 Farm Technologies significantly declining 656 slightly rising 60 Others

• significantly declining
• 39

Consolidation

• 411
• 2

Sales1 EBITDA before restructuring2

1 For sales, slight” indicates a change of up to +/- 5%, w hile a change of more than +/- 5% is referred to as “significant”. 2 For earnings figures, “slight” indicates a change of up to +/- 10%, w hile a change of more than +/- 10% is deemed “significant“.

Guidance FY 2020 by division

37

GEA Q2 2020 Figures

Additional financial information for FY 2020

38

GEA Q2 2020 Figures

Financial result around

• €25m

Tax rate around

30%

Capex around

3.0%

• f sales

Depreciation& Amortization (incl. PPA, IFRS 16) around

€200m

thereof impact from PPA around

€30m

FX development

39

GEA Q2 2020 Figures

Currency % total Jun Q2 * FX rates Jun Q2 (average) ∆ FX YoY Jun 2020 vs Jun 2019 EUR 46%

• USD

18% 1,10

• 2%

CNY 6% 7,75 1% DKK 4% 7,46 0% GBP 3% 0,87 0% RUB 3% 76,67 4% CAD 3% 1,50 0% SGD 2% 1,54 0% PLN 2% 4,41 3% BRL 2% 5,41 25% NZD 1% 1,76 5% *Share of functional (i.e. local P&Ls) currencies in the translation mix of the group; all figures on a YTD basis

Historical Timeline (1/4)

40

GEA Q2 2020 Figures

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: pro-forma figures for 2018 incl. IFRS 16 effects from 2019; 3 ROCE = EBIT2 (L4Q) / Capital employed excluding EUR ~800m goodwill

from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L4Q); 4 no pro-forma adjustment for IFRS 16

Order Intake €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 293 301 250 309 307 305 269 308 314 323 325 310 332 288 LPT 370 446 362 477 297 517 428 382 410 365 505 549 566 335 FHT 234 212 180 223 225 304 234 307 238 222 210 244 222 192 FT 167 170 168 180 183 167 170 153 162 158 156 165 177 156 RT 181 194 174 224 170 210 196 223 154 198 175 179 184 138 Cons./ Other (109) (82) (77) (96) (81) (119) (99) (139) (92) (120) (117) (104) (105) (75) GEA 1.136 1.241 1.057 1.317 1.103 1.383 1.197 1.235 1.186 1.147 1.255 1.343 1.377 1.034 Order Intake Group < 1 €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 251 257 239 263 271 272 245 267 273 288 277 280 274 260 LPT 180 184 154 197 181 196 160 202 194 212 215 202 192 176 FHT 145 110 118 167 165 129 137 149 136 143 127 152 143 122 FT 159 166 165 164 171 164 154 148 158 146 152 161 162 146 RT 133 153 130 155 147 160 152 164 132 142 122 135 138 106 GEA 758 789 729 850 853 802 748 791 802 811 792 825 830 742 Order Intake Group >= 1 €m < 5 €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 23 24 18 25 28 14 24 20 30 29 17 30 37 28 LPT 103 131 82 160 93 121 86 110 92 98 99 117 116 111 FHT 45 38 44 41 61 105 69 78 70 62 50 72 66 56 FT 9 4 3 17 12 3 10 5 4 12 5 4 16 10 RT 31 30 38 28 23 38 21 48 23 38 21 34 38 27 GEA 211 227 185 270 218 281 210 260 219 238 192 258 263 224 Order Intake Group >= 5 €m < 15 €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 19 20 (7) 22 9 19

• 10

6 13

• 21
• LPT

65 53 90 61 23 103 103 55 86 55 86 75 117 26 FHT 16 6 18 15

• 45

28 11 31

• 17

21 13 14 FT

• 6
• RT

17 11 5 24

• 12

23 11

• 18

32 10 9 6 GEA 116 89 107 122 32 180 160 76 127 80 148 106 144 46 Order Intake Group >= 15 €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT

• 22
• 17
• LPT

22 78 35 59

• 96

79 16 38

• 105

154 140 22 FHT 28 58

• 24
• 69
• 18

15

• FT
• RT
• 16
• GEA

50 136 35 75

• 120

79 107 38 18 122 154 140 22

• Adj. Order Intake Growth1

Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 5,3% (2,3%) (2,4%) 15,1% 10,7% 4,7% 7,5% 1,1% 1,5% 5,4% 19,6% 0,5% 6,0% (9,8%) LPT (20,8%) (2,5%) (5,8%) 7,5% (20,3%) 18,4% 19,7% (20,1%) 36,4% (30,4%) 15,9% 41,5% 38,3% (6,6%) FHT 33,4% 24,0% (4,2%) (1,5%) (21,7%) 17,3% 5,3% 30,6% 4,7% (27,3%) (10,6%) (21,1%) (6,7%) (13,4%) FT 11,1% 6,2% 23,9% 26,4% 18,9% 4,7% 6,5% (13,0%) (11,4%) (5,4%) (10,3%) 7,2% 10,1% 2,3% RT 2,3% (8,7%) 8,1% 16,6% (3,2%) 11,3% 14,8% 0,8% (8,5%) (5,1%) (11,2%) (20,7%) 19,8% (27,6%) GEA (4,9%) 0,6% (0,0%) 10,4% (3,8%) 9,9% 10,7% (6,8%) 7,0% (17,6%) 3,3% 7,8% 16,3% (8,0%)

Historical Timeline (2/4)

41

GEA Q2 2020 Figures

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: pro-forma figures for 2018 incl. IFRS 16 effects from 2019; 3 ROCE = EBIT2 (L4Q) / Capital employed excluding EUR ~800m goodwill

from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L4Q); 4 no pro-forma adjustment for IFRS 16

Order Backlog Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 357 360 350 351 403 421 396 370 413 430 427 397 429 398 LPT 1.348 1.336 1.246 1.200 1.130 1.226 1.239 1.160 1.230 1.128 1.205 1.254 1.417 1.318 FHT 409 435 443 533 541 586 586 610 630 598 575 555 556 502 FT 143 156 150 139 185 187 182 149 168 165 142 123 150 163 RT 277 271 261 280 288 300 312 305 289 296 298 284 289 265 Cons./ Other (145) (149) (150) (151) (146) (167) (165) (179) (178) (197) (210) (200) (212) (169) GEA 2.389 2.410 2.300 2.351 2.401 2.554 2.550 2.416 2.551 2.420 2.436 2.412 2.629 2.478 Sales Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 255 282 259 305 251 293 292 339 275 301 324 340 278 313 LPT 356 421 427 490 346 434 403 462 362 445 438 484 385 423 FHT 173 176 172 238 226 239 237 281 223 252 232 256 213 237 FT 132 152 171 188 138 165 175 185 143 160 171 182 141 145 RT 159 183 179 205 167 195 185 230 149 189 173 193 170 164 Cons./ Other (71) (75) (77) (95) (88) (98) (105) (124) (95) (100) (104) (113) (94) (117) GEA 1.004 1.138 1.131 1.331 1.039 1.227 1.189 1.373 1.057 1.247 1.235 1.340 1.094 1.165

• Adj. Sales Growth1

Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 9,5% (0,4%) (4,6%) 5,6% 3,6% 7,6% 14,9% 12,4% 8,8% 2,6% 9,2% (0,6%) 1,4% 5,4% LPT 2,9% 1,0% 12,6% (0,1%) 0,0% 4,8% (5,6%) (5,9%) 3,0% 1,4% 6,7% 3,3% 6,3% (4,3%) FHT 14,8% (7,2%) (1,8%) 8,1% 13,7% 9,1% 14,7% 5,0% (2,1%) 4,7% (2,6%) (9,3%) (4,9%) (5,6%) FT 1,0% 6,4% 18,8% 20,4% 13,5% 16,2% 7,0% 0,9% 3,8% (3,1%) (4,1%) (2,7%) (0,4%) (6,3%) RT (0,6%) (3,3%) (1,0%) 7,3% 8,6% 10,0% 4,4% 13,6% (9,8%) (2,5%) (7,5%) (17,4%) 13,9% (10,8%) GEA 3,3% (2,5%) 4,3% 4,7% 4,5% 6,7% 2,8% 1,6% 1,0% 1,1% 2,4% (3,4%) 3,5% (5,2%) Book-to-bill ratio Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 1,15 1,07 0,97 1,01 1,23 1,04 0,92 0,91 1,14 1,08 1,00 0,91 1,19 0,92 LPT 1,04 1,06 0,85 0,97 0,86 1,19 1,06 0,83 1,13 0,82 1,15 1,13 1,47 0,79 FHT 1,35 1,20 1,05 0,94 1,00 1,27 0,98 1,10 1,07 0,88 0,90 0,95 1,05 0,81 FT 1,26 1,12 0,98 0,96 1,33 1,01 0,97 0,83 1,13 0,99 0,91 0,91 1,25 1,08 RT 1,14 1,06 0,97 1,09 1,02 1,08 1,06 0,97 1,03 1,04 1,01 0,93 1,09 0,84 GEA 1,13 1,09 0,93 0,99 1,06 1,13 1,01 0,90 1,12 0,92 1,02 1,00 1,26 0,89 EBITDA before restructuring €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 46 67 54 87 44 57 77 78 58 46 74 69 60 64 LPT 16 26 8 63 1 25 22 39 (7) 25 30 40 8 37 FHT 10 10 10 21 15 22 20 26 19 12 16 19 16 22 FT 8 13 21 24 8 15 20 28 6 13 19 22 11 15 RT 13 17 16 18 13 23 20 18 7 15 18 18 17 13 Cons./ Other 2 (18) 3 (11) (4) (13) (13) (8) (14) (18) (8) (10) GEA 95 115 112 201 77 142 145 175 75 111 143 150 105 140 EBITDA before restructuring margin Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 18,2% 23,7% 20,9% 28,4% 17,4% 19,5% 26,2% 22,9% 21,0% 15,3% 23,0% 20,4% 21,5% 20,4% LPT 4,5% 6,3% 1,9% 12,8% 0,2% 5,7% 5,6% 8,4% (2,0%) 5,6% 6,8% 8,2% 2,1% 8,9% FHT 5,7% 5,4% 6,1% 8,7% 6,7% 9,1% 8,2% 9,3% 8,7% 4,8% 6,9% 7,5% 7,8% 9,1% FT 5,8% 8,4% 12,0% 12,9% 6,0% 9,1% 11,4% 15,0% 4,2% 8,2% 11,2% 12,0% 7,7% 10,3% RT 8,2% 9,1% 8,9% 8,6% 7,7% 11,8% 10,5% 7,6% 4,8% 7,9% 10,3% 9,5% 10,2% 7,9% GEA 9,5% 10,1% 9,9% 15,1% 7,4% 11,6% 12,2% 12,8% 7,1% 8,9% 11,6% 11,2% 9,6% 12,1%

Historical Timeline (3/4)

42

GEA Q2 2020 Figures

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: pro-forma figures for 2018 incl. IFRS 16 effects from 2019; 3 ROCE = EBIT2 (L4Q) / Capital employed excluding EUR ~800m goodwill

from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L4Q); 4 no pro-forma adjustment for IFRS 16

Depreciation & amortization2 €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT (6) (6) (6) (6) (9) (9) (9) (11) (9) (9) (9) (10) (10) (10) LPT (3) (3) (3) (6) (8) (8) (9) (11) (9) (10) (9) (14) (9) (9) FHT (3) (3) (3) (4) (6) (7) (7) (8) (7) (7) (7) (7) (7) (7) FT (5) (5) (5) (5) (6) (7) (7) (8) (6) (12) (7) (2) (6) (6) RT (2) (2) (2) (3) (5) (5) (6) (6) (5) (5) (5) (6) (5) (5) Cons./ Other (1) (2) (2) (0) (4) (4) (5) (3) (4) (4) (4) (10) (4) (3) GEA (20) (21) (22) (24) (38) (40) (42) (46) (40) (46) (42) (49) (41) (40) PPA Depreciation & amortization2 €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT (1) (1) (1) (1) (1) (1) (1) (3) (1) (1) (1) (1) (0) (0) LPT (1) (1) (1) (0) (1) (1) (1) (9) (1) (1) (1) (1) (1) (1) FHT (5) (5) (5) (8) (9) (8) (8) (19) (6) (6) (6) (6) (6) (6) FT (0) (1) (1) (1) (1) (1) (0) (0) (0) (0) (0) (1) (0) (0) RT (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) Cons./ Other

• (0)
• GEA

(7) (7) (8) (10) (11) (11) (11) (32) (8) (8) (8) (8) (7) (7) EBIT before restructuring €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 40 60 48 80 34 47 67 64 48 36 64 58 50 53 LPT 12 23 4 56 (8) 16 12 19 (17) 15 20 25 (2) 28 FHT 2 2 2 9 6 4 (1) 7 (1) 3 6 4 9 FT 3 7 15 19 1 8 12 19 (0) 1 12 19 4 8 RT 10 14 13 15 7 18 13 11 2 10 12 12 12 8 Cons./ Other 1 (19) (11) (8) (3) (17) (15) (12) (3) (18) (28) (11) (13) GEA 68 87 83 168 28 91 92 97 27 57 94 93 56 93 EBIT before restructuring margin Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 15,7% 21,4% 18,4% 26,2% 13,6% 16,2% 23,0% 18,8% 17,6% 12,0% 19,9% 17,1% 17,9% 17,1% LPT 3,3% 5,4% 0,9% 11,5% (2,2%) 3,6% 3,0% 4,1% (4,7%) 3,3% 4,6% 5,2% (0,4%) 6,7% FHT 1,3% 1,0% 1,4% 3,7% 0,2% 2,7% 1,9% (0,2%) 2,9% (0,3%) 1,2% 2,3% 1,7% 3,7% FT 1,9% 4,9% 8,8% 10,0% 1,0% 4,6% 7,1% 10,3% (0,3%) 0,8% 7,2% 10,7% 2,9% 5,5% RT 6,5% 7,6% 7,4% 7,1% 4,4% 9,0% 7,2% 4,8% 1,2% 5,1% 7,0% 6,3% 7,1% 4,8% GEA 6,8% 7,6% 7,3% 12,6% 2,7% 7,4% 7,8% 7,1% 2,6% 4,6% 7,6% 7,0% 5,2% 8,0% EBITDA4 €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 45 64 50 85 40 54 72 51 57 45 74 55 60 62 LPT 15 24 8 59 (4) 21 18 32 (8) 23 30 10 8 37 FHT 10 10 10 20 13 19 17 24 19 12 16 9 16 21 FT 8 13 20 23 6 12 17 24 6 13 18 8 11 17 RT 13 16 16 17 10 20 16 14 7 11 18 17 17 14 Cons./ Other 1 (20) 2 (9) (8) (4) (20) (16) (13) (3) (17) (34) (15) (19) GEA 91 107 107 194 57 123 121 130 69 101 139 65 97 132 EBITDA margin4 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 17,6% 22,8% 19,2% 27,9% 16,0% 18,5% 24,8% 15,2% 20,8% 14,9% 22,8% 16,2% 21,4% 19,8% LPT 4,1% 5,7% 1,9% 12,0% (1,0%) 4,8% 4,4% 7,0% (2,1%) 5,2% 6,8% 2,1% 2,1% 8,8% FHT 5,7% 5,4% 6,1% 8,3% 5,7% 8,0% 7,2% 8,6% 8,7% 4,8% 6,9% 3,6% 7,7% 9,1% FT 5,8% 8,3% 11,9% 12,0% 4,4% 7,5% 9,7% 13,0% 4,1% 8,0% 10,8% 4,6% 7,5% 11,5% RT 8,2% 8,7% 8,7% 8,3% 6,0% 10,5% 8,8% 6,3% 4,8% 5,9% 10,3% 8,7% 10,2% 8,3% GEA 9,1% 9,4% 9,4% 14,6% 5,5% 10,0% 10,2% 9,5% 6,6% 8,1% 11,2% 4,9% 8,9% 11,4%

Historical Timeline (4/4)

43

GEA Q2 2020 Figures

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: pro-forma figures for 2018 incl. IFRS 16 effects from 2019; 3 ROCE = EBIT2 (L4Q) / Capital employed excluding EUR ~800m goodwill

from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L4Q); 4 no pro-forma adjustment for IFRS 16

EBIT4 €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 39 58 43 78 34 47 66 35 48 35 63 44 50 50 LPT 11 20 4 52 (8) 16 12 17 (17) 5 20 (4) (2) 28 FHT 2 2 2 8 6 4 (0) 7 (1) 3 (262) 4 9 FT 3 7 15 17 1 7 12 18 (1) 1 11 2 4 (3) RT 10 13 13 14 7 17 13 11 2 5 12 6 12 9 Cons./ Other (1) (21) (9) (10) (6) (23) (17) (16) (7) (21) (44) (19) (22) GEA 64 79 78 160 24 88 85 64 22 38 89 (258) 48 71 EBIT margin4 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 15,1% 20,5% 16,8% 25,7% 13,4% 16,2% 22,7% 10,3% 17,4% 11,6% 19,6% 12,9% 17,8% 16,1% LPT 3,0% 4,8% 0,9% 10,6%

• 2,4%

3,6% 2,9% 3,7%

• 4,8%

1,2% 4,5%

• 0,9%
• 0,5%

6,7% FHT 1,3% 1,0% 1,4% 3,3% 0,2% 2,5% 1,8%

• 0,2%

2,9%

• 0,3%

1,2%

• 102,2%

1,6% 3,7% FT 1,9% 4,8% 8,7% 9,2% 0,8% 4,4% 6,8% 9,8%

• 0,5%

0,6% 6,7% 1,4% 2,7%

• 2,0%

RT 6,4% 7,1% 7,1% 6,8% 4,2% 9,0% 7,1% 4,9% 1,2% 2,7% 7,0% 3,0% 7,1% 5,2% GEA 6,3% 6,9% 6,9% 12,0% 2,3% 7,1% 7,1% 4,7% 2,1% 3,1% 7,2%

• 19,2%

4,4% 6,1% Capital Employed3 (avg. L4Q) €m Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT 627 720 812 893 912 935 964 987 982 994 1.005 1.007 995 978 LPT 171 169 171 183 209 235 271 276 241 254 257 253 209 156 FHT 674 575 470 446 532 627 726 735 718 730 738 681 619 547 FT 293 299 302 304 305 311 316 323 309 313 320 320 313 300 RT 220 227 237 252 267 287 306 314 277 272 269 267 260 249 Cons./ Other 30 (5) (42) (28) (20) (2) 9 23 22 28 41 38 41 41 GEA 2.014 1.986 1.950 2.050 2.206 2.394 2.592 2.657 2.548 2.591 2.630 2.566 2.437 2.271 ROCE2,3 (avg. L4Q) Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 SFT

• 25,5%

24,4% 22,4% 23,8% 21,6% 23,1% 21,7% 21,2% 20,5% 20,9% 23,1% LPT

• 51,6%

36,0% 29,1% 28,2% 14,3% 12,5% 11,3% 14,3% 17,0% 28,0% 46,1% FHT

• 3,4%

2,5% 2,9% 2,8% 1,5% 2,3% 1,3% 1,1% 2,1% 1,9% 3,9% FT

• 14,5%

14,0% 13,8% 12,7% 12,5% 12,4% 10,3% 10,1% 10,2% 11,9% 14,6% RT

• 20,6%

18,3% 18,4% 17,3% 15,7% 15,8% 13,3% 13,1% 13,4% 17,7% 17,8% GEA

• 19,8%

16,6% 15,5% 14,6% 11,6% 12,0% 10,5% 10,5% 10,6% 12,3% 14,8%

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