Q4 2011 Presentation Results FY 2011 Dsseldorf, March 12, 2012 GEA - - PowerPoint PPT Presentation

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Q4 2011 Presentation Results FY 2011 Dsseldorf, March 12, 2012 GEA - - PowerPoint PPT Presentation

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Q4 2011 Presentation Results FY 2011 Dsseldorf, March 12, 2012 GEA Group Disclaimer Forward-looking statements are based on our current assumptions and forecasts. These statements naturally entail risks and uncertainties, which may cause the

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GEA Group Düsseldorf, March 12, 2012

Q4 2011 Presentation Results FY 2011

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engineering for a better world

Disclaimer

Q4 Presentation Results FY 2011 - March 12, 2012

Forward-looking statements are based on our current assumptions and forecasts. These statements naturally entail risks and uncertainties, which may cause the actual results of

  • perations, financial position or performance to diverge significantly from the estimates

given here. Factors that could cause such a divergence include changes in the economic and business environment, fluctuations in exchange rates and interest rates, launches of competing products, poor acceptance of new products or services, and changes in business strategy. We are under no obligation to update forward-looking statements. Due to rounding, the sum of percentages of order intake and sales by region as well as by customer industry may vary from 100%. Since Q1 2012, the segment, GEA Convenience-Food Technologies (GEA CT), is renamed as GEA Food Solutions (GEA FS).

2

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engineering for a better world

Order Intake

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

Sales

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

Dividend

Proposal of 0.55 EUR per share

Underlying EBIT (before ppa)

Pages 7, 8 Q4 2011 incl. GEA FS: +44% yoy Q4 2011 w/o GEA FS: +36% yoy

Cash generation capacity

Pages 20, 21 Strong cash generation in Q4 2011 Net debt of EUR 387m

Outlook 2012

Pages 29-31 Growth to continue

Key Messages of FY 2011 Results

EPS

EUR 1.70 per share

Underlying EBIT- Margin (before ppa)

Pages 7, 8 Q4 2011 incl. GEA FS: 12.7%; +151 bps Q4 2011 w/o GEA FS: 13.1%; +193 bps

3 Q4 Presentation Results FY 2011 - March 12, 2012

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engineering for a better world

Agenda

4

January – December 2011

  • I. Key Figures
  • II. Performance

Backup Performance GEA Group and Segments

Q4 Presentation Results FY 2011 - March 12, 2012

  • III. Outlook
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engineering for a better world

What we promised … … is what we delivered!

  • I. Key Figures

GEA Group is delivering on its promises (1/2)

Order intake w/o GEA FS: between EUR 5,100m and EUR 5,300m Q1-Q4 2011: EUR 5,280m Sales w/o GEA FS: between EUR 4,800m and EUR 5,000m Q1-Q4 2011: EUR 5,071m EBIT-margins bef. ppa w/o GEA FS: between 9,3% and 9,5% Q1-Q4 2011: 10.0% Order intake and sales GEA FS: around EUR 300m OI Q2-Q4 2011: EUR 330m Sales: Q2-Q4 2011: EUR 346m GEA FS EBIT-margin before ppa and

  • ne-off expenses between 8.5% and

9.0% Q2-Q4 2011: 8.6% before one-off expenses of around EUR 10m

5 Q4 Presentation Results FY 2011 - March 12, 2012

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engineering for a better world

What we promised … … is what we delivered!

  • I. Key Figures

GEA Group is delivering on its promises (2/2)

Ongoing acquisitions mainly in food applications CFS, Bock, NuCon, San Joaquin Sufficient provisions for discontinued

  • perations

No impact on the Group result in 2011 Strong focus on working capital management WC/Sales EOP: 10.7% WC/Sales LTM: 12.6% Reduction of Net Debt position down to around EUR 500m Net Debt: EUR 387m Cash out guidance DOP: EUR 80m Q1-Q4 2011: EUR 38m

6 Q4 Presentation Results FY 2011 - March 12, 2012

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engineering for a better world 54 69 74 109 95 139 144 207 2010³ 2011

Q4 Q3 Q2 Q1

78 92 98 135 118 166 169 237 2010³ 2011 Q4 Q3 Q2 Q1 938 1,038 1,065 1,349 1,125 1,397 1,290 1,632 2010 2011 Q4 Q3 Q2 Q1 7 1,010 1,242 1,167 1,463 1,153 1,403 1,248 1,502 2010 2011 Q4 Q3 Q2 Q1

Order Intake

∆ +23% 5,610 4,578

Sales

∆ +23% 5,417 4,418

EBIT before PPA²

∆ +43% 525 367

EBITDA before PPA¹

∆ +36% 630 463

  • I. Key Figures

GEA Group Q1-Q4 2011 YoY

∆ +7% QoQ ∆ +23% ∆ +25% ∆ +17% ∆ +38% ∆ +26% ∆ +49% ∆ +11% ∆ +27%

[in EUR million]

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

Q4 Presentation Results FY 2011 - March 12, 2012 ∆ +22% ∆ +26% ∆ +41% ∆ +48% ∆ +17% QoQ ∆ +42% QoQ ∆ +49% QoQ (∆ w/o FS: +15%) (∆ w/o FS: +15%) (∆ w/o FS: +30%) (∆ w/o FS: +38%) ∆ +20% ∆ +24% ∆ +44% ∆ +40%

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engineering for a better world 171 182 402 497 202 240 410 464 135 154 131 Q4 2010 Q4 2011 GEA FS GEA FT GEA HX GEA ME GEA PE GEA RT 14 20 45 70 40 54 40 37 13 15 10 Q4 2010² Q4 2011 GEA FS GEA FT GEA HX GEA ME GEA PE GEA RT 8 153 170 420 449 182 204 399 462 116 132 120 Q4 2010 Q4 2011 GEA FS GEA FT GEA HX GEA ME GEA PE GEA RT

Order Intake

∆ +20% 1,502 1,248 ∆ +26% 1,632 1,290

EBIT before PPA¹

∆ +44% 207 144

  • I. Key Figures

Segments Q4 2011 YoY

∆ +12% ∆ +16% ∆ +7% ∆ +12% ∆ +19% ∆ +13% ∆ +24% ∆ +6% ∆ +36% ∆ 11% ∆ -8%

Some Highlights in Q4 2011: Order Intake: GEA HX: +16% yoy, highest quarterly order intake since Q2 2008 GEA PE: +7% yoy, highest quarterly order intake since beginning of 2008 EBIT before PPA*: GEA ME: Extraordinary EBIT-Margin of 22.4% GEA RT: Very strong EBIT-margin improvement

  • f +291 bps leading to 11.0% EBIT-Margin

[in EUR million]

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

∆ +13% ∆ +14% ∆ +56% ∆ +44% Q4 Presentation Results FY 2011 - March 12, 2012 (∆ w/o FS: +11%) (∆ w/o FS: +16%) (∆ w/o FS: +36%)

Sales

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engineering for a better world

  • II. Performance

Order Intake Q4 2011

9

∆ abs. ∆ in % ∆ abs. ∆ in %

Q4 2011 vs. Q4 2010 Q1-Q4 2011 vs. Q1-Q4 2010 Q4 2011 vs. Q3 2011 Order Intake previous period 1,248 4,578 1,403 Structural Change +168 +13.5% +458 +10.0% +11 +0.8% Currency Effects

  • 4
  • 0.3%
  • 52
  • 1.1% +10

+0.7% Organic Development +90 +7.2% +626 +13.7% +78 +5.6% Order Intake current period 1,502 +20.4% 5,610 +22.5% 1,502 +7.1%

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

[in EUR million]

Q4 Presentation Results FY 2011 - March 12, 2012

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100 200 300 400 500 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011

10

  • II. Performance

Regional Order Intake Trend per Q4 2011

500 1000 1500 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011

GEA Group

100 200 300 400 500 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 100 200 300 400 500 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 100 200 300 400 500 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 100 200 300 400 500 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 100 200 300 400 500 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 100 200 300 400 500 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011

[in EUR million]

Q4 Presentation Results FY 2011 - March 12, 2012

Eastern Europe & CIS Latin America Asia Pacific Western Europe North America Middle East

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

Africa

∆ QoQ: +9% w/o FS: +14% ∆ YoY: +45% w/o FS: +34% ∆ QoQ: -9% w/o FS: -12% ∆ YoY: +3% w/o FS: -5% ∆ QoQ: +13% w/o FS: +8% ∆ YoY: -46% w/o FS: -49% ∆ QoQ: -4% w/o FS: -9% ∆ YoY: +54% w/o FS: +37% ∆ QoQ: +35% w/o FS: +39% ∆ YoY: +77% w/o FS: +69% ∆ QoQ: +9% w/o FS: +5% ∆ YoY: -42% w/o FS: -48% ∆ QoQ: -6% w/o FS: -8% ∆ YoY: +6% w/o FS: -7% ∆ QoQ: +7% w/o FS: +6% ∆ YoY: +20% w/o FS: +11%

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engineering for a better world

Climate & Environment; 11% Other Industries; 4% Chemicals; 6% Pharma; 5% Power; 11% Oil & Gas; 7% Food & Beverage; 52% Marine; 3% 55% 15% 20% 2% 1% 1% 6%

Africa

29% 19% 31% 4% 5% 10% 2%

Middle East

65% 17% 6% 2% 4% 2% 3%

Latin America

50% 5% 16% 6% 8% 6% 3% 5%

Asia Pacific

56% 8% 2% 5% 3% 2% 18% 6%

Eastern Europe & CIS

49% 3% 8% 5% 4% 4% 22% 5%

Western Europe

11

  • II. Performance

Regional Order Intake by Customer Industry (L4Q)

62% 7% 7% 6% 10% 1% 5% 2%

North America

14% 10% 35% 7% 26% 3% 5%

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

Q4 Presentation Results FY 2011 - March 12, 2012

100%

+ Δ OI yoy >= €50m

  • Δ OI yoy <= €-50m
  • +

+ + + + +

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China: Beverage: Several

  • rders totaling

EUR 80m

*Orders > EUR 10m

Brazil: Beverage: Several orders totaling EUR 53m

  • II. Performance

Examples of major orders* during 2011

The Netherlands: Dairy EUR 13m India: Beverage: EUR 11m Turkey: ACC Power EUR 27m Germany: Dairy EUR 16m

Food Energy Other

New Zealand: Dairy EUR 41m Australia: Dairy EUR 26m Australia: Meat Processing EUR 14m Mexico: ACC Power: EUR 12m Brazil: Oil & Gas: EUR 10m USA: Power: Several

  • rders totaling

EUR 30m China: Pharma: EUR 11m India: Dairy: EUR 16m Israel: ACC Power EUR 21m Korea: Solid Food: EUR 13m China: Dairy: EUR 10m China: Power: Several

  • rders totaling:

EUR 151m Russia: Oil & Gas: Several orders totaling EUR 27m Russia: Beverage EUR 16m

12 Q4 Presentation Results FY 2011 - March 12, 2012

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engineering for a better world 869 748 738 704 662 673 739 777 767 812 877 905 991 954 916 177 140 165 123 140 156 203 210 185 220 211 214 231 228 241 141 134 110 128 59 105 52 88 95 69 82 178 178 161 183 37 91 60 80 101 76 16 93 106 146 72 63 63 60 162

200 400 600 800 1.000 1.200 1.400 1.600

Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 (w/o FS) Q2 11 (incl.FS) Q3 11 Q4 11 OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m

  • II. Performance

Large Order Development since Q3 2008

13

[in EUR million]

Q4 Presentation Results FY 2011 - March 12, 2012

1,600 1,400 1,200 1,000

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engineering for a better world

37%

(40%)

22%

(22%)

13%

(14%)

10%

(9%)

7%

(6%)

5%

(5%)

5%

(4%)

Emerging markets* exposure: 34% (33%)

∆ abs.: +28% YoY

(average of Dow Jones and MSCI definition*)

Sales Q1-Q4 2011: EUR 5,417m

+23% YoY

  • II. Performance

Regional Sales Split Q1-Q4 2011 (Q1-Q4 2010)

14

Germany 11% (12%)

∆ abs.: +8% YoY

USA 12%(12%)

∆ abs.: +18% YoY

China 11% (12%)

∆ abs.: +13% YoY

Top 3 Countries

Western Europe

∆ abs.: +15% YoY

Asia-Pacific

∆ abs.: +23% YoY

North America

∆ abs.: +16% YoY

Latin America

∆ abs.: +41% YoY

Eastern Europe & CIS

∆ abs.: +35% YoY

Middle East

∆ abs.: +76% YoY

Africa

∆ abs.: +22% YoY

Q4 Presentation Results FY 2011 - March 12, 2012

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

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27% 26% 10% 8% 13% 20% 6% 6% 15% 15% 4% 5% 6% 5% 4% 3% 12% 9% 3% 3%

Q4 2010 Q4 2011

Other Industries Climate & Environment Marine Chemicals Pharma Power Oil & Gas Food - Solid Food - Beverages Food - Dairy

15

  • II. Performance

Order Intake by Customer Industry since Q4 2009*

* Average last four quarters: Q1 – Q4 2009 = Index 100 Δ+13% Δ-13% Δ+91% Δ+15% Δ+25% Δ+82% Δ-1% Δ-8% Δ-10% Δ+17%

∆ +20% 1,248 1,502

60% 100% 140% 180% 220% 260% Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11

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

60% 80% 100% 120% 140% 160% Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11

Pharma Chemicals Marine GEA Group w/o GEA FS

60% 80% 100% 120% 140% 160% Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11

Oil & Gas Power Climate & Environment GEA Group w/o GEA FS

Q4 Presentation Results FY 2011 - March 12, 2012 (∆ w/o FS: +11%)

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engineering for a better world

Book to bill ratio (L4Q) Q4 2011 Food - Dairy 1,02 7,8% 1,17 2,5% 1,12 5,0% 1,11 2,0% 0,89 0,3% 0,60 0,5% 1,19 5,6% 1,08 23,8% Food - Beverage 0,84 1,9% 1,24 1,6% 0,93 0,9% 1,23 1,7% 1,09 0,4% 1,02 0,2% 1,02 4,2% 1,03 10,9% Food - Solid 0,98 7,5% 0,85 1,3% 1,10 2,9% 0,94 1,0% 1,01 1,1% 1,09 0,7% 1,19 3,1% 1,02 17,5% Total Food 0,98 17,2% 1,09 5,4% 1,09 8,7% 1,11 4,7% 1,00 1,9% 0,85 1,4% 1,13 12,9% 1,05 52,1% Oil & Gas 0,99 1,0% 1,19 0,8% 1,42 0,9% 1,28 1,2% 0,92 0,5% 1,13 0,9% 1,16 1,3% 1,16 6,7% Power 0,84 2,9% 0,18 0,2% 1,17 1,0% 1,15 0,5% 0,31 0,7% 0,98 1,5% 2,69 4,2% 0,97 11,0% Total Energy 0,87 3,9% 0,53 1,0% 1,28 2,0% 1,24 1,7% 0,43 1,2% 1,03 2,4% 2,05 5,5% 1,04 17,6% Pharma 1,10 1,8% 1,87 0,5% 1,07 0,9% 1,11 0,2% 0,61 0,1% 0,60 0,2% 1,11 1,6% 1,09 5,2% Chemicals 0,98 1,5% 1,22 0,3% 1,32 1,5% 1,03 0,3% 0,15 0,0% 1,16 0,2% 1,12 2,0% 1,09 5,9% Marine 0,99 1,2% 2,49 0,2% 0,87 0,1% 1,14 0,1% 0,88 0,0% 0,54 0,0% 0,89 1,6% 0,96 3,2% Climate & Environment 1,01 7,6% 0,96 1,7% 1,06 0,7% 0,43 0,1% 0,35 0,0% 0,85 0,5% 0,92 0,8% 0,97 11,5% Other Industries 0,87 1,7% 1,40 0,6% 0,66 0,3% 1,17 0,2% 1,02 0,2% 0,79 0,1% 1,01 1,3% 0,95 4,5% Other 1,00 13,9% 1,18 3,3% 1,08 3,5% 0,92 0,9% 0,55 0,3% 0,82 1,1% 1,02 7,3% 1,01 30,2% Total 0,97 35,0% 1,00 9,8% 1,11 14,1% 1,11 7,3% 0,65 3,4% 0,92 4,8% 1,21 25,6% 1,03 100,0% Asia - Pacific Total Western Europe Eastern Europe & CIS North America Latin America Africa Middle - East

  • II. Performance

Book to Bill Ratios by Industry/Region Last 4 Quarters

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

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

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

Book to Bill categories

1,04

16 Q4 Presentation Results FY 2011 - March 12, 2012

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engineering for a better world

1,700¹ 1,900² 2,150³ 464 514 527

  • 500

1.000 1.500 2.000 2.500 3.000

Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Order Intake Sales

3,000 2,500 2,000 1,500 1,000 500

17

  • II. Performance

Top Line Trend / Order Backlog

2,164 2,301 2,469 2,424 2,414 2,667 2,771 2,677

[in EUR million]

Q4 Presentation Results FY 2011 - March 12, 2012

2,312 2,435 2,756

0.90 0.90 0.93 0.94 0.98 1.00 1.04 1.06 1.06 1.06 1.04

L4Q BtB ratio

#

¹ Order backlog invoicable in FY2010. ² Order backlog invoicable in FY2011. ³ Order backlog invoicable in FY2012.

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engineering for a better world 18

  • II. Performance

Working Capital Development

  • 451 bps

[in EUR million]

Q4 Presentation Results FY 2011 - March 12, 2012

657 482 567 555 566 445 647 707 720 577* 17.2% 16.4% 15.0% 13.9% 13.1% 12.4% 12.4% 12.4% 12.6% 12.6%*

0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 100 200 300 400 500 600 700 800

Q3 '09 Q4 '09 Q1 '10 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11 Working Capital Working Capital (average LTM) as % of sales LTM

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

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engineering for a better world

590 736 799 743 691 1,034 1,160 1,238 1,357 1,249 672 659 706 903 831 507 579 612 620 587 445 659 720 577 522

Q3 2011

w/o FS

19

Q4 2011

  • incl. FS

Q4 2010

− =

Trade Receivables Inven- tories Trade Payables Advance Payments Working Capital

Q3 2011

  • incl. FS

− − − = = =

Change Change +126 +12% +146 +25%

  • 13
  • 2%

+72 +14% +214 +48% +119 +10%

  • 56
  • 7%

+197 +28% +8 +1%

  • 143
  • 20%

[in EUR million]

Change +78 +7% +63 +9% +46 +7% +32 +6% +62 +9%

− =

Q4 2011

w/o FS Change

  • 108
  • 8%
  • 52
  • 7%
  • 72
  • 8%
  • 32
  • 5%
  • 55
  • 10%

Q4 Presentation Results FY 2011 - March 12, 2012

  • II. Performance

Working Capital Development

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engineering for a better world

  • II. Performance

Net Liquidity Reconciliation – Cash Flow Drivers

20 Q4 Presentation Results FY 2011 - March 12, 2012

Net Cash

104.8 December 31, 2010

EBITDA ∆ Working Capital CAPEX Net Debt Discont´d operations Interests / Taxes Cash out restructuring

December 31, 2011

(73.7)

(386.8)

(51.4) (155.2) (115.0) (36.9) 610.2 (122.9) (38.2)

Other

(508.6) Net Cash before M&A, dividend and

  • ne-offs as of December 31, 2011

270.6

Dividend Effect from acquisitions *

* Balance of acquisitions and sale of companies.

[in EUR million]

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engineering for a better world

  • II. Performance

Financial Leeway

Q4 Presentation Results FY 2011 - March 12, 2012

[in EUR million] 12/31/2011 12/31/2010 Change Cash & Equivalents 432 564

  • 132

Securities Loans 819 459 +360 Net cash

  • 387

105

  • 492

Equity 2,164 1,868 Gearing +17.9%

  • 5.6%

GEA credit lines [in EUR million] Due date 12/31/2011 granted 12/31/2011 utilized 12/31/2011 unutilized Total cash credit lines 1,703 819 884

  • f which:

Borrowers note loan 08/2013 128 128 Syndicated credit line 06/2015 650 650 Bond 04/2016 400 400 KfW I Amortization Loan KfW II Amortization Loan 05/2016 12/2016 90 56 90 56 European Investment Bank 07/2017 150 150

21

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engineering for a better world

901 n.a. 103 180 251 190 178 1,066 102 113 178 271 206 196 GEA Group GEA FS GEA FT GEA HX GEA ME GEA PE GEA RT 2010 2011 Service business as % of sales

22

  • II. Performance

Service Business

Growth in service sales FY 2011 yoy: +18% to a total of EUR 1,066m Share of service sales FY 2011: 19.7% (FY 2010: 20.4%)

23%

∆ +18% ∆ +10% ∆ -1% ∆ +8% ∆ +8% ∆ +10%

Q4 Presentation Results FY 2011 - March 12, 2012 % 22% 20% 20% 30% 12% 11% 35% 32% 15% 13% 32% 30%

[in EUR million]

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engineering for a better world 23

  • II. Performance

GEA Food Solutions

Order Intake

Q4 2010 Q4 2011

∆

(%) n.a. 119.6 n.a. thereof organic: n.a.

Sales

Q4 2010 Q4 2011

∆

(%) n.a. 130.6 n.a. thereof organic: n.a.

EBIT bef. PPA*

Q4 2010 Q4 2011

∆

(%) n.a. 10.2* n.a.

EBIT Margin bef. PPA* (%)

Q4 2010 Q4 2011

∆

(bps) n.a. 7.8* n.a.

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

[in EUR million]

Order Intake by Customer Industry Order Intake by Region

100%

Q4 2011

Food & Beverages 45% 14% 14% 13% 6% 5% 2%

Q4 2011

Africa Middle-East Latin America North America Asia-Pacific Eastern Europe & CIS Western Europe

Q4 Presentation Results FY 2011 - March 12, 2012

slide-24
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engineering for a better world 24

  • II. Performance

GEA Farm Technologies

Order Intake

Q4 2010 Q4 2011

∆

(%) 116.3 131.7 +13.3 thereof organic: +13.5

Sales

Q4 2010 Q4 2011

∆

(%) 134.9 153.8 +14.0 thereof organic: +14.2

EBIT bef. PPA*

Q4 2010 Q4 2011

∆

(%) 13.4 14.8 +10.8

EBIT Margin bef. PPA* (%)

Q4 2010 Q4 2011

∆

(bps) 9.9 9.6

  • 28

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

[in EUR million]

100% 100%

Q4 2010 Q4 2011

Food & Beverages 33% 39% 37% 30% 10% 12% 9% 11% 10% 7%

Q4 2010 Q4 2011

Asia-Pacific Latin America Eastern Europe & CIS Western Europe North America

Order Intake by Customer Industry Order Intake by Region

Δ+13% Δ+39% Δ-7% Δ-16% Δ+48% Δ+35%

Q4 Presentation Results FY 2011 - March 12, 2012

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engineering for a better world

8% 36% 39% 32% 8% 9% 16% 9% 8% 6% 13% 4% 8% 4%

Q4 2010 Q4 2011

Latin America Africa North America Middle-East Eastern Europe & CIS Western Europe Asia-Pacific 44% 47% 29% 23% 14% 12% 2% 6% 5% 4% 4% 4% 3% 3%

Q4 2010 Q4 2011

Marine Food & Beverages Other Industries Chemicals Oil & Gas Climate & Environment Power

25

  • II. Performance

GEA Heat Exchangers

Order Intake

Q4 2010 Q4 2011

∆

(%) 399.2 462.3 +15.8 thereof organic: +10.1

Sales

Q4 2010 Q4 2011

∆

(%) 410.1 463.6 +13.0 thereof organic: +11.4

EBIT bef. PPA*

Q4 2010 Q4 2011

∆

(%) 40.0 36.8

  • 8.1

EBIT Margin bef. PPA* (%)

Q4 2010 Q4 2011

∆

(bps) 9.8 7.9

  • 182

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

[in EUR million]

Order Intake by Customer Industry Order Intake by Region

Δ+25% Δ-9% Δ+3% Δ+370% Δ-3% Δ+5% Δ+8% Δ+384% Δ-4% Δ+32% Δ-38% Δ-41% Δ-61% Δ-18%

Q4 Presentation Results FY 2011 - March 12, 2012

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engineering for a better world

  • II. Performance

GEA Mechanical Equipment

Order Intake

Q4 2010 Q4 2011

∆

(%) 181.8 203.9 +12.2 thereof organic: +11.2

Sales

Q4 2010 Q4 2011

∆

(%) 201.9 240.4 +19.1 thereof organic: +18.5

EBIT bef. PPA*

Q4 2010 Q4 2011

∆

(%) 39.7 54.0 +35.8

EBIT Margin bef. PPA* (%)

Q4 2010 Q4 2011

∆

(bps) 19.7 22.4 +276 * EBIT and EBIT-Margin 2010: before restructuring cost.

[in EUR million]

54% 60% 16% 12% 3% 7% 7% 6% 7% 5% 8% 4% 5% 4%

1%

Q4 2010 Q4 2011

Other Industries Pharma Chemicals Climate & Environment Oil & Gas Power Marine Food & Beverages

Order Intake by Customer Industry Order Intake by Region

31% 30% 32% 30% 18% 24% 10% 6% 4% 5% 3% 2% 1% 2%

Q4 2010 Q4 2011

Africa Middle-East Eastern Europe & CIS Latin America North America Western Europe Asia-Pacific Δ+21% Δ-14% Δ+129% Δ-14% Δ-41% Δ-6% Δ-2% Δ+10% Δ+3% Δ+45% Δ-32% Δ+31% Δ-25% Δ+70%

Q4 Presentation Results FY 2011 - March 12, 2012 26

Δ+1035%

slide-27
SLIDE 27

engineering for a better world 27

  • II. Performance

GEA Process Engineering

Order Intake

Q4 2010 Q4 2011

∆

(%) 419.7 449.0 +7.0 thereof organic: +4.3

Sales

Q4 2010 Q4 2011

∆

(%) 402.2 496.6 +23.5 thereof organic: +20.6

EBIT bef. PPA*

Q4 2010 Q4 2011

∆

(%) 44.7 69.6 +55.7

EBIT Margin bef. PPA* (%)

Q4 2010 Q4 2011

∆

(bps) 11.1 14.0 +291 * EBIT and EBIT-Margin 2010: before restructuring cost.

[in EUR million]

74% 74% 8% 16% 11% 6% 3% 3% 2%

3%

Q4 2010 Q4 2011

Other Industries Power Climate & Environment Oil & Gas Chemicals Pharma Food & Beverages 29% 36% 32% 26% 11% 15% 8% 11% 8% 9% 8% 2% 4% 2%

Q4 2010 Q4 2011

Africa Middle-East Latin America Eastern Europe & CIS North America Western Europe Asia-Pacific

Order Intake by Customer Industry Order Intake by Region

Δ+6% Δ+103 % Δ-47% Δ+1684% Δ-40 % Δ+33% Δ-13% Δ+51% Δ+43% Δ+11% Δ-76% Δ-55%

Q4 Presentation Results FY 2011 - March 12, 2012

slide-28
SLIDE 28

engineering for a better world 28

  • II. Performance

GEA Refrigeration Technologies

Order Intake

Q4 2010 Q4 2011

∆

(%) 152.5 170.1 +11.5 thereof organic: +3.4

Sales

Q4 2010 Q4 2011

∆

(%) 171.3 181.6 +6.0 thereof organic:

  • 2.6

EBIT bef. PPA*

Q4 2010 Q4 2011

∆

(%) 13.9 20.0 +44.0

EBIT Margin bef. PPA* (%)

Q4 2010 Q4 2011

∆

(bps) 8.1 11.0 +291 * EBIT and EBIT-Margin 2010: before restructuring cost.

[in EUR million]

65% 57% 7% 18% 7% 9% 6% 7% 5% 4% 4% 3% 5% 2%

Q4 2010 Q4 2011

Power Marine Oil & Gas Climate & Environment Chemicals Other Industries Food & Beverages 48% 42% 14% 18% 9% 14% 15% 11% 7% 6% 5% 5% 1% 4%

Q4 2010 Q4 2011

Latin America Middle-East Africa Asia-Pacific North America Eastern Europe & CIS Western Europe Δ-6% Δ+174% Δ+26% Δ-15% Δ-19% Δ-68% Δ+42% Δ-6% Δ+39% Δ+71% Δ-21% Δ-7% Δ-11% Δ+282%

Order Intake by Customer Industry Order Intake by Region

Q4 Presentation Results FY 2011 - March 12, 2012

slide-29
SLIDE 29

engineering for a better world

  • III. Outlook

Key Figures FY 2012

29

an order intake growth: up to +5% a sales growth: at least +5% EBIT-margin bef. ppa. incl GEA FS: at least on FY 2011 level of 9.7% For FY 2012 we aim at

Q4 Presentation Results FY 2011 - March 12, 2012

slide-30
SLIDE 30

engineering for a better world

  • III. Outlook

Additional Financial Information for 2012

30

Tax rate in P&L after impact from tax around 22.5% loss carry forwards: Impact from ppa in 2012 and in around EUR 25m p.a. subsequent years: thereof GEA FS around EUR 14m p.a. Mid term target for Capex: around 2.0% of sales

Q4 Presentation Results FY 2011 - March 12, 2012

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

  • approx. 12% - 14% of sales LTM

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

slide-31
SLIDE 31

engineering for a better world

  • III. Outlook

Long term – Over the Cycle

31

EBIT margin before ppa-impact: Target of 12% after recovery to pre-crisis market conditions Acquisitions to continue Dividend payout ratio: 1/3 of net income Long term growth of GEA end markets: 3% – 6% p.a., clearly > GDP growth

Q4 Presentation Results FY 2011 - March 12, 2012

slide-32
SLIDE 32

engineering for a better world

Investor Relations Calendar Upcoming Roadshows and Conferences

32 Q4 Presentation Results FY 2011 - March 12, 2012

March 14 Roadshow Switzerland Zurich March 15 Roadshow Italy Milan March 20-21 Roadshow France Paris March 22 Roadshow Germany Frankfurt March 23 Roadshow Denmark Copenhagen March 26 Roadshow Germany Duesseldorf/Cologne March 27 Roadshow Belgium Brussels April 26 Conference Germany Baden-Baden March 28 Conference Great Britain London March 29 ANUGA FoodTec Germany Cologne

slide-33
SLIDE 33

engineering for a better world

Financial Calendar

33

March 12, 2012 Annual Report FY 2011 April 24, 2012 Annual General Meeting May 8, 2012 Interim Report Q1 2012

Q4 Presentation Results FY 2011 - March 12, 2012

June 28-29, 2012 Capital Markets Day

slide-34
SLIDE 34
slide-35
SLIDE 35

engineering for a better world

Agenda

35 Q4 Presentation Results FY 2011 - March 12, 2012

January – December 2011

  • I. Key Figures
  • II. Performance

Backup Performance GEA Group and Segments

  • III. Outlook
slide-36
SLIDE 36

engineering for a better world 36

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

[in EUR million]

Q4 Presentation Results FY 2011 - March 12, 2012

Q4 2011 vs. Q4 2010 Q1-Q4 2011 vs. Q1-Q4 2010 Q4 2011 vs. Q3 2011 Sales previous period 1,290 4,418 1,397 Structural Change +173 +13.4% +458 +10.4% +14 +1.0% Currency Effects

  • 11
  • 0.8%
  • 48
  • 1.1%

+8 +0.6% Organic Development +179 +13.9% +588 +13.3% +213 +15.2% Sales current period 1,632 +26.5% 5.417 +22.6% 1,632 +16.8%

Backup: Performance GEA Group Sales Q4 2011

slide-37
SLIDE 37

engineering for a better world

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

Q4 Presentation Results FY 2011 - March 12, 2012 37

Order Intake [In EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 GEA Food Solutions1) 95.1 116.4 100.5 85.7 397.7 75.6 101.2 81.6 95.5 353.9 GEA Farm Technologies 123.5 120.5 137.0 116.0 497.1 94.9 101.2 94.9 98.6 389.6 GEA Heat Exchangers 485.0 416.4 389.1 431.4 1,721.9 413.6 338.9 365.0 301.3 1,418.7 GEA Mechanical Equipment 257.4 258.0 237.0 177.0 929.4 194.9 162.2 158.6 169.4 685.1 GEA Process Engineering 367.3 355.4 346.4 264.4 1,333.6 251.0 308.7 254.0 334.6 1,148.3 GEA Refrigeration Technologies 174.1 152.3 144.2 143.3 613.9 138.9 143.2 114.3 130.3 526.6 GEA Group 1,374.3 1,272.7 1,223.5 1,113.3 4,983.9 1,072.5 1,036.0 962.3 1,009.9 4,080.7 Order Backlog [In EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA Farm Technologies 107.8 106.0 111.1 77.5 77.5 86.0 89.5 77.2 61.5 61.5 GEA Heat Exchangers 1,348.3 1,344.1 1,291.7 1,172.1 1,172.1 1,203.6 1,165.3 1,142.6 1,008.6 1,008.6 GEA Mechanical Equipment 290.8 357.5 376.5 338.0 338.0 325.6 303.5 285.2 280.8 280.8 GEA Process Engineering 850.7 830.9 826.6 666.2 666.2 651.5 658.2 627.9 660.2 660.2 GEA Refrigeration Technologies 241.9 235.5 236.8 204.1 204.1 222.4 231.7 196.7 169.9 169.9 GEA Group 2,822.6 2,857.8 2,823.8 2,450.7 2,450.7 2,476.2 2,435.3 2,312.2 2,164.1 2,164.1 Sales [in EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 GEA Food Solutions1) 91.8 99.1 98.5 104.8 394.2 89.0 79.8 82.8 82.5 334.1 GEA Farm Technologies 94.9 123.9 138.5 147.1 504.5 86.6 98.5 112.0 114.7 411.8 GEA Heat Exchangers 398.7 449.8 481.7 529.0 1,859.2 387.0 421.2 372.0 443.1 1,623.4 GEA Mechanical Equipment 196.9 190.7 210.9 211.2 809.7 200.0 179.9 163.8 174.0 717.5 GEA Process Engineering 328.2 395.8 364.5 398.9 1,487.4 270.7 281.9 278.1 313.2 1,144.0 GEA Refrigeration Technologies 132.5 159.3 142.9 175.9 610.6 122.3 136.9 148.2 158.2 565.6 GEA Group 1,127.2 1,295.8 1,318.0 1,438.0 5,179.0 1,054.5 1,103.9 1,060.8 1,191.9 4,411.2 EBITDA before PPA & restructuring

2)

[in EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 GEA Food Solutions1)

  • 4.5

7.0 9.4 7.6 19.5

  • 2.9

4.9 7.0 6.4 15.4 GEA Farm Technologies 6.0 13.6 21.3 21.5 62.3 0.8 8.1 10.8 9.4 29.1 GEA Heat Exchangers 42.6 55.7 65.2 79.8 243.2 36.1 38.2 45.5 59.1 179.0 GEA Mechanical Equipment 30.1 32.9 32.8 43.5 139.3 26.7 23.2 28.4 37.0 115.2 GEA Process Engineering 12.1 26.1 28.0 47.0 113.2 11.1 17.4 21.0 38.5 88.0 GEA Refrigeration Technologies 7.7 11.9 11.7 16.9 48.1 4.4 8.5 5.0 10.7 28.6 GEA Group 94.5 138.6 152.7 200.1 585.9 78.9 95.4 111.7 147.7 433.7 EBITDA-Margin before PPA & restructuring

2) [in %]

Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 GEA Food Solutions1)

  • 4.9%

7.1% 9.5% 7.3% 4.9%

  • 3.3%

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

slide-38
SLIDE 38

engineering for a better world

Backup: Performance GEA Group & Segments Key Figures Time Line (2/5)

Q4 Presentation Results FY 2011 - March 12, 2012 38

Order Intake [In EUR million] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011 GEA Food Solutions1) 115.5 94.5 100.7 98.9 409.6 125.5 102.3 107.9 119.6 329.8 GEA Farm Technologies 101.1 116.1 115.0 116.3 448.5 125.9 129.5 140.3 131.7 527.4 GEA Heat Exchangers 304.4 398.3 404.1 399.2 1,506.0 375.5 445.6 369.8 462.3 1,653.2 GEA Mechanical Equipment 172.0 194.7 191.9 181.8 740.4 219.2 230.1 221.6 203.9 874.9 GEA Process Engineering 335.7 339.0 321.7 419.7 1,416.1 401.5 426.2 433.3 449.0 1,709.9 GEA Refrigeration Technologies 127.5 150.6 148.9 152.5 579.6 152.7 162.8 164.8 170.1 650.4 GEA Group 1,010.2 1,167.3 1,152.6 1,247.8 4,578.0 1,242.1 1,462.5 1,402.8 1,502.2 5,609.7 Order Backlog [In EUR million] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011 GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. 104.4 109.2 105.0 85.5 85.5 GEA Farm Technologies 77.1 89.4 80.6 63.1 63.1 85.4 92.5 93.9 74.4 74.4 GEA Heat Exchangers 1,006.7 1,061.1 1,071.3 1,086.9 1,086.9 1,092.5 1,135.4 1,063.5 1,086.0 1,086.0 GEA Mechanical Equipment 298.3 319.1 306.1 284.1 284.1 304.1 322.0 340.9 309.7 309.7 GEA Process Engineering 757.6 821.2 788.9 813.0 813.0 888.2 927.4 972.2 951.2 951.2 GEA Refrigeration Technologies 183.8 203.9 205.9 183.8 183.8 210.4 206.6 206.1 197.0 197.0 GEA Group 2,301.1 2,468.5 2,423.7 2,414.0 2,414.0 2,666.6 2,770.6 2,755.7 2,677.3 2,677.3 Sales [in EUR million] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011 GEA Food Solutions1) 101.0 99.8 93.1 103.7 397.6 112.9 103.3 112.1 130.6 346.0 GEA Farm Technologies 85.4 106.6 119.8 134.9 446.7 99.6 118.3 138.1 153.8 509.8 GEA Heat Exchangers 340.9 370.8 361.6 410.1 1,483.4 338.1 390.9 424.2 463.6 1,616.8 GEA Mechanical Equipment 156.7 173.7 193.1 201.9 725.4 191.6 207.8 204.9 240.4 844.7 GEA Process Engineering 256.9 298.5 330.9 402.2 1,288.5 300.8 385.1 394.7 496.6 1,577.2 GEA Refrigeration Technologies 117.4 135.3 139.7 171.3 563.7 132.8 166.6 166.2 181.6 647.2 GEA Group 938.2 1,065.1 1,124.7 1,290.4 4,418.4 1,038.0 1,349.0 1,397.4 1,632.2 5,416.5 EBITDA before PPA & restructuring

2)

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

2) [in %]

Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011 GEA Food Solutions1) 13.4% 10.3% 5.9% 6.6% 9.1% 5.5% 6.0% 7.1% 9.2% 7.6% GEA Farm Technologies 4.4% 5.7% 9.9% 12.0% 8.5% 4.8% 6.9% 10.7% 11.4% 8.9% GEA Heat Exchangers 9.7% 9.3% 10.5% 11.5% 10.3% 8.7% 9.0% 11.0% 10.5% 9.9% GEA Mechanical Equipment 15.8% 15.5% 19.5% 23.3% 18.8% 17.0% 21.5% 21.2% 24.1% 21.2% GEA Process Engineering 5.7% 6.9% 7.0% 12.0% 8.3% 6.6% 8.1% 9.8% 14.8% 10.3% GEA Refrigeration Technologies 3.2% 6.1% 6.6% 9.2% 6.6% 6.7% 8.7% 8.5% 12.3% 9.3% GEA Group 8.3% 9.2% 10.5% 13.1% 10.5% 8.8% 10.0% 11.9% 14.5% 11.6%

slide-39
SLIDE 39

engineering for a better world 39

Backup: Performance GEA Group & Segments Key Figures Time Line (3/5)

Q4 Presentation Results FY 2011 - March 12, 2012

EBIT before PPA & restructuring

2)

[in EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 GEA Food Solutions1)

  • 8.6

3.4 6.1 4.4 5.3

  • 8.2

1.5 3.7 3.4 0.4 GEA Farm Technologies 4.3 11.9 19.5 19.5 55.2

  • 1.3

6.0 8.6 7.0 20.3 GEA Heat Exchangers 36.5 49.3 58.4 72.3 216.6 28.5 29.8 37.0 49.0 144.3 GEA Mechanical Equipment 27.2 29.9 29.6 39.7 126.4 23.3 19.4 24.7 32.8 100.2 GEA Process Engineering 9.5 23.5 25.2 43.6 101.8 8.0 14.2 18.0 35.5 75.7 GEA Refrigeration Technologies 5.9 10.0 9.9 15.4 41.2 2.5 6.6 3.1 8.9 21.1 GEA Group 77.1 120.6 133.6 179.1 510.4 57.9 73.3 89.4 121.4 341.9 EBIT-Margin before PPA & restructuring

2) [in %]

Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 GEA Food Solutions1)

  • 9.4%

3.4% 6.2% 4.2% 1.3%

  • 9.2%

1.9% 4.5% 4.1% 0.1% GEA Farm Technologies 4.6% 9.6% 14.1% 13.2% 10.9%

  • 1.5%

6.1% 7.6% 6.1% 4.9% GEA Heat Exchangers 9.2% 11.0% 12.1% 13.7% 11.7% 7.4% 7.1% 9.9% 11.1% 8.9% GEA Mechanical Equipment 13.8% 15.7% 14.0% 18.8% 15.6% 11.6% 10.8% 15.1% 18.8% 14.0% GEA Process Engineering 2.9% 5.9% 6.9% 10.9% 6.8% 3.0% 5.0% 6.5% 11.3% 6.6% GEA Refrigeration Technologies 4.5% 6.3% 6.9% 8.7% 6.8% 2.0% 4.8% 2.1% 5.6% 3.7% GEA Group 6.8% 9.3% 10.1% 12.5% 9.9% 5.5% 6.6% 8.4% 10.2% 7.8% EBIT before restructuring

2)

[in EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA Farm Technologies 4.1 11.6 18.8 18.8 53.4

  • 1.6

5.6 7.9 6.6 18.5 GEA Heat Exchangers 36.4 49.1 58.1 71.8 215.4 27.9 29.2 36.4 48.5 142.0 GEA Mechanical Equipment 27.0 29.7 29.4 39.5 125.6 23.0 19.2 24.5 32.6 99.3 GEA Process Engineering 9.2 23.1 24.8 43.1 100.2 7.6 13.7 17.6 35.0 73.9 GEA Refrigeration Technologies 5.9 9.8 9.7 15.2 40.7 2.2 6.4 2.9 8.0 19.4 GEA Group 76.1 119.3 131.8 177.1 504.2 56.0 71.2 87.2 118.8 333.2 Capital Employed w/o goodwill

3)

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

4) LTM

[in%] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA Farm Technologies n.a. n.a. n.a. 26.2% 26.2% 21.7% 17.7% 12.7% 7.7% 7.7% GEA Heat Exchangers n.a. n.a. n.a. 30.5% 30.5% 27.3% 23.7% 20.8% 18.9% 18.9% GEA Mechanical Equipment n.a. n.a. n.a. 35.9% 35.9% 33.4% 29.9% 28.4% 27.0% 27.0% GEA Process Engineering n.a. n.a. n.a. 37.0% 37.0% 36.0% 32.3% 30.4% 29.0% 29.0% GEA Refrigeration Technologies n.a. n.a. n.a. 18.4% 18.4% 15.6% 13.4% 10.3% 7.5% 7.5% GEA Group n.a. n.a. n.a. 28.4% 28.4% 26.1% 22.9% 20.6% 18.2% 18.2%

slide-40
SLIDE 40

engineering for a better world 40

Backup: Performance GEA Group & Segments Key Figures Time Line (4/5)

Q4 Presentation Results FY 2011 - March 12, 2012

EBIT before PPA & restructuring

2)

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

2) [in %]

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

2)

[in EUR million] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011 GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a.

  • 22.6
  • 0.2

6.8

  • 16.0

GEA Farm Technologies 0.5 2.5 8.2 12.6 23.9 1.3 4.7 11.2 13.9 31.1 GEA Heat Exchangers 23.9 24.5 28.6 37.2 114.3 20.2 25.7 37.1 35.0 118.0 GEA Mechanical Equipment 20.6 22.6 33.4 39.5 116.2 28.3 40.2 39.0 53.7 161.2 GEA Process Engineering 11.1 16.7 19.3 44.1 91.3 16.0 27.1 34.1 68.9 146.1 GEA Refrigeration Technologies 1.6 6.0 7.1 13.6 28.3 6.8 10.6 11.1 18.0 46.6 GEA Group 52.3 71.4 92.3 139.7 355.8 66.5 79.0 130.9 198.2 474.6 Capital Employed w/o goodwill

3)

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

4) LTM

[in%] Q1 10 Q2 10 Q3 10 Q4 10 2010 Q1 11 Q2 11 Q3 11 Q4 11 2011 GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. GEA Farm Technologies 8.2% 6.7% 6.6% 8.4% 8.4% 8.5% 9.3% 10.2% 10.4% 10.4% GEA Heat Exchangers 19.4% 19.4% 18.5% 17.0% 17.0% 16.2% 16.3% 17.4% 17.0% 17.0% GEA Mechanical Equipment 28.0% 30.6% 35.2% 38.6% 38.6% 40.8% 45.9% 46.3% 49.0% 49.0% GEA Process Engineering 32.1% 34.1% 34.6% 38.2% 38.2% 40.5% 45.2% 50.8% 58.7% 58.7% GEA Refrigeration Technologies 7.7% 8.1% 11.2% 15.9% 15.9% 19.0% 20.3% 20.6% 20.6% 20.6% GEA Group 18.5% 18.8% 19.3% 20.4% 20.4% 20.6% 19.4% 19.6% 20.5% 20.5%

slide-41
SLIDE 41

engineering for a better world 41

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

Q4 Presentation Results FY 2011 - March 12, 2012

1) All historical figures for GEA FS before Q2 2011 are pro-forma figures only and haven't been audited

due to the fact that GEA FS's Financial Year was ending end of February. The listed historical figures before Q2 2011 are not included in the Group-numbers of the corresponding period.

2) Restructuring only in FY 2009 and FY 2010. 3) Capital emplyed excluding goodwill from the acquisition of the former GEA AG by the former

Metallgesellschaft AG in 1999.

4) ROCE (LTM) = EBIT before restructuring (LTM) / Capital employed (average LTM) excluding

goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999.