Results Presentation Q3 2018 Disclaimer This presentation contains - PowerPoint PPT Presentation

Results Presentation Q3 2018

Disclaimer 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 of 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%. 2 2 GEA Q3 2018 Figures

1. Results Q3 2018 2. Financials Q3 2018 3. Outlook FY 2018 3 3

Executive Summary Key figures Q3 2018 Order Intake Sales Op. EBITDA Op. EBIT Op. CFD Op. ROCE 1 (EURm) (EURm) (EURm) (EURm) Margin 1,197 1,189 138 112 16.9% 9.0% Δ +13.3% YoY reported Δ +5.1% YoY reported Δ +14.2% YoY Δ +13.4% YoY Δ -279 bps YoY Δ +173 bps YoY Δ +10.7% YoY adj. Δ +2.8% YoY adj. FX impact FX impact -20 EURm -25 EURm or -1.9% or -2.2% 1 Operating ROCE L4Q = operating EBIT (L4Q) / Capital employed excluding EUR ~800m goodw ill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average L12M) 4 GEA Q3 2018 Figures

1. Results Q3 2018 2. Financials Q3 2018 3. Outlook FY 2018 5

Key figures and change YoY Q3 2018 Order Intake Sales 1,500 €m 1,500 €m Δ +13.3% Δ +5.1% 1,197 1,189 1,131 1,057 adjusted 1 +10.7% adjusted 1 +2.8% 1,000 €m 1,000 €m 628 598 609 531 +18.1% -1.7% 500 €m 500 €m 624 651 577 576 +12.9% +8.1% 0 €m 0 €m Q3 17 Q3 18 Q3 17 Q3 18 BA Equipment BA Solutions BA Equipment BA Solutions Operating EBITDA 1 Operating EBITDA Margin 1 138 150€m Δ +14.2% 121 33 Δ YoY Q3 17 Q3 18 100€m 21 adjusted 1 +11.7% BA Equipment 16.2% 16.7% 53 bps +52.6% 109 50€m 93 +16.6% BA Solutions 3.5% 5.5% 195 bps 0€m GEA Group 10.7% 11.6% 91 bps Q3 17 Q3 18 BA Equipment BA Solutions 1 Adjusted = before currency translation and structural effects; Please note that the differences between the sum of the BAs and the Group are explained by consolidation/others 6 GEA Q3 2018 Figures

L4Q order intake and sales indexed since Q2 2012 per customer industry 160% CAGR Q2 12 - Q3 18 CAGR Q2 12 - Q3 18 Pharma/Chemical 5% Food 6% Order Intake 140% Other Industries 2% Beverages -1% GEA 3% GEA 3% 120% 100% CAGR Q2 12 - Q3 18 80% Dairy Farming 3% Dairy Processing 0% 60% GEA 3% 160% CAGR Q2 12 - Q3 18 CAGR Q2 12 - Q3 18 Food 7% Pharma/Chemical 5% 140% Beverages -1% Other Industries 0% GEA 3% GEA 3% Sales 120% 100% CAGR Q2 12 - Q3 18 Dairy Farming 3% 80% Dairy Processing 1% GEA 3% 60% Q3 13 Q3 18 Q3 13 Q3 18 Q3 13 Q3 18 7 GEA Q3 2018 Figures

BAS Dairy Processing likely to bottom out: Sales to decline in the short term while Order Intake recovers Dairy recession was predominantly driven by powder BAS Dairy Processing business 800€m Order Intake recovery driven by: • Demand directly from emerging markets 750€m • Export driven projects in developed markets • 700€m Demand for solutions for  Whole Milk Powder 650€m  Nutritional Formula  Market Milk Products  600€m Cheese Due to the lag between Order Intake and Sales, the 550€m latter figure is likely to decline further while the pipeline looks promising enough to take at least a 500€m Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 cautiously optimistic stance L4Q Order Intake L4Q Sales 8 GEA Q3 2018 Figures

Book-to-Bill ratios L4Q and share of L4Q Order Intake per customer industry DACH Western EU Northern & Asia & Eastern & Middle Central Latin North BtB ratio L4Q Pacific Europe East/Africa Europe America America Total Dairy Farming 1.09 1.17 0.97 1.05 1.08 0.97 1.04 Dairy Processing 1.08 0.72 0.84 1.50 1.10 1.20 1.03 Food 0.96 0.98 1.06 0.99 1.34 0.97 1.02 Beverages 1.37 0.86 0.80 1.13 1.04 0.87 1.03 Pharma 1.08 0.73 1.21 1.22 2.03 0.99 1.02 Chemical 1.16 1.10 1.01 1.06 1.09 1.39 1.15 Oil & Gas 1.39 0.73 1.46 1.09 1.64 0.89 1.30 Marine 1.29 1.10 0.95 1.10 1.04 1.16 1.13 Others 0.93 1.21 1.05 1.16 1.15 0.81 1.05 Total 1.09 0.95 1.01 1.16 1.20 1.00 1.04 Share of L4Q OI Dairy Farming 1% 3% 1% 1% 1% 5% 13% Dairy Processing 5% 3% 2% 4% 2% 2% 18% Food 5% 6% 7% 4% 3% 5% 30% Beverages 4% 2% 1% 1% 1% 1% 11% Pharma 2% 1% 1% 1% 0% 1% 7% Chemical 3% 1% 1% 1% 1% 1% 8% Oil & Gas 0% 0% 1% 0% 0% 0% 1% Marine 1% 1% 0% 0% 0% 0% 2% Others 2% 2% 3% 2% 1% 1% 10% Total 23% 19% 17% 14% 8% 18% 100% 9 GEA Q3 2018 Figures

Product Groups and Application Centers of GEA Product Group (PG)/ Gross Margin Order intake % of order intake BtB L4Q Application Center (APC) Ø FY 16-17 1 Q3 18 YoY Q3 18 L4Q YoY Q3 18 L4Q Q3 18 PG Food Processing & Packaging; 44% 51% ~10% 1.07 Pasta, Extrusion & Milling PGs Separation, Homogenizers, ~25% 1.02 6% 4% Flow Components, Compression PG Milking Dairy Farming ~15% 1.05 -2% 4% BA Equipment APC Dairy 24% -3% ~15% 1.02 APC Beverage -9% 7% ~10% 1.01 APC Food 16% -2% ~10% 1.03 APC Utilities 23% 0% ~10% 1.06 APC Pharma 5% 5% ~5% 1.06 APC Chemicals 33% 28% ~5% 1.18 BA Solutions GEA 13% 7% 1.04 All changes on a reported basis, not adjusted for structural changes and currency effects 1 compared to GEA average (including service); yellow = about average, green = above average, red = below average 2 split rounded to nearest 5% Less than -10% Between -10% and -2% Between -2% and 2% Between 2% and 10% More than 10% 10 GEA Q3 2018 Figures

Order backlog development 3,000€m 2,500€m 2,554 2,550 2,410 2,401 2,389 2,359 2,351 2,324 2,300 2,264 2,229 2,148 2,000€m 2,054 1,500€m 1,000€m 500€m 0.99 1.00 1.02 1.03 1.04 1.04 1.02 1.03 1.02 1.03 1.02 1.03 1.04 0€m Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 L4Q BtB ratio # 11 GEA Q3 2018 Figures

Working capital to sales ratio BAE outgrowing BAS pushes up WC average by ca. 50bps YoY 1,200€m 20% 18.9% 17.9% 1,100€m 18% 16.7% 16.7% 16.4% 16.4% 16.0% 16.1% 15.9% 1,000€m 16% 16.3% 14.6% 14.3% 16.0% 15.8% 15.6% 15.6% 13.8% 15.4% 900€m 14% 13.1% 13.1% 14.5% 904 13.5% 11.9% 13.2% 13.0% 847 800€m 12% 12.6% 760 761 750 700€m 731 10% 725 706 674 651 600€m 632 8% 591 547 500€m 6% 400€m 4% Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 WC as of reporting date WC as of reporting date as % of sales (L4Q) WC (average L12M) as % of sales (L4Q) 12 GEA Q3 2018 Figures

GEA Q3 2018 Figures GEA – WC – Quarterly Analysis DIO (Inventory / CoS * Days [in respective Quarter] Advances / Sales * Days [in respective Quarter] Mar’14 Mar’14 73 37 Jun’14 Jun’14 75 40 Sep’14 Sep’14 Dec’14 Dec’14 Mar’15 Mar’15 74 38 Jun’15 Jun’15 79 41 Sep’15 Sep’15 Dec’15 Dec’15 Mar’16 Mar’16 73 49 Jun’16 Jun’16 77 50 Sep’16 Sep’16 Dec’16 Dec’16 Mar’17 Mar’17 77 54 Jun’17 Jun’17 79 52 Sep’17 Sep’17 Dec’17 Dec’17 Mar’18 Mar’18 83 51 Jun’18 Jun’18 91 55 Sep’18 Sep’18 Ø 77 Ø 46 13

GEA Q3 2018 Figures GEA – WC – Quarterly Analysis (Net Receivables + Net PoC) / Sales * Days [in respective Quarter] DSO net of advances and POC liabilities: (Trade and POC) Receivables / Sales * Days [in respective Quarter] DSO: Mar’14 Mar’14 39 77 Jun’14 Jun’14 36 75 Sep’14 Sep’14 Dec’14 Dec’14 Mar’15 Mar’15 40 79 Jun’15 Jun’15 41 82 Sep’15 Sep’15 Dec’15 Dec’15 Mar’16 Mar’16 45 94 101 Jun’16 Jun’16 51 Sep’16 Sep’16 Dec’16 Dec’16 Mar’17 Mar’17 106 104 51 Jun’17 Jun’17 52 Sep’17 Sep’17 Dec’17 Dec’17 Mar’18 Mar’18 108 115 58 Jun’18 Jun’18 60 Sep’18 Sep’18 Ø 47 Ø 94 14