conference call results q3 2015 - gea engineering for a ... group conference call q3 201… ·...

Düsseldorf, October 28th, 2015

Conference Call Results Q3 2015

engineering for a better world

Forward-looking statements are based on our current assumptions and forecasts. These statements naturally entail

risks and uncertainties, which may cause the actual results of operations, financial position or performance to diverge

significantly from the estimates given here. Factors that could cause such a divergence include changes in the

economic and business environment, fluctuations in exchange rates and interest rates, launches of competing products,

poor acceptance of new products or services, and changes in business strategy. We are under no obligation to update

forward-looking statements.

Due to rounding, the sum of percentages of order intake and sales by region as well as by customer industry may vary

from 100%.

Disclaimer

GEA Presentation Results Q3 2015 - October 28th, 2015 2


Executive Summary Q3 2015


Order

Intake (EURm)

1,068

Sales

(EURm)

1,107

Operating

EBITDA (EURm)

143.7

Operating

EBIT (EURm)

122.6

Op. ROCE1

25.7%

Operating CFD

Margin

10.7%

D -9% YoY D -3% YoY D -4% YoY D -6% YoY D +17 bps

YoY

D +140 bps

YoY

Structural change:

+1.8% YoY

FX translation:

+2.7% YoY

Structural change:

+1.6% YoY

FX translation:

+2.9% YoY

Operating

EBITDA margin

of 13.0%

Operating EBIT

margin of 11.1%

Key Highlights Q3 2015:

1 Operating ROCE LTM = operating EBIT (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM)

„Fit for 2020“ on track:

New organization in place

Shared Service Center started

Headcount reduction on track


Operating EBIT Margin

Q3 2014 Q3 2015 D YoY

GEA Equipment 13.0% 14.0% +96 bps

GEA Solutions 9.4% 7.8% -152 bps

GEA Group 11.4% 11.1% -28 bps

Key figures and change YoY Q3 2015

Operating EBIT1

647 574

565 547

Q3 14 Q3 15

Sales1 Order Intake1

1,068 1,168

BA Solutions

BA Equipment

adjusted2: -13%

D -9%

D -11%

D -3%

[EURm] [EURm]

595 594

598 559

Q3 14 Q3 15

1,107 1,146

BA Solutions

BA Equipment

adjusted2: -8%

D -3%

D 0%

D -7%

[EURm]

56 47

78 78

Q3 14 Q3 15

123 130

BA Solutions

BA Equipment

D -6%

D -16%

D 0%

[EURm]

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



Orders < 1m on prior year’s level

[EURm]

686 669 737 711 702 745 710 722 724 747 754 773 765

835 791 791 765

166 208 214

172 221 175

144

234 167

211 160 170 174

182 163 190

158 128 111

96 102

124 107 131

102 132

67 88

103 68

87 91

112

48 60 58

100

44 65 112

110

162 144 121

22

123 160 54

83 55

97

0

200

400

600

800

1,000

1,200

1,400

Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15

OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m

1,400

1,200

1,000

f L4Q:

796 f L4Q:

760 f L4Q:

725

Order Intake Development by size since Q3 2011

[EURm]



Regional sales split as of Q3 2015 LTM

GEA Presentation Results Q3 2015 - October 28th, 2015

North America

D YoY adj.: +1%

18%

6

Eastern Europe

& CIS

8%

D YoY adj.: +1%

Western Europe

36%

D YoY adj.: -1%

Latin America

D YoY adj.: 0%

6%

Africa

D YoY adj.: +3%

4%

Middle East

D YoY adj.: -12%

3%

Asia-Pacific

D YoY adj.: -6%

25%

Emerging Markets1

36%

D YoY adj.: -6%

Top-3-Countries

USA: 17% (15%)

D YoY adj.: -2%

Germany: 10% (9%)

D YoY adj.: +15%

China: 10% (9%)

D YoY adj.: -6%

1 According to the definition of emerging/developing economies by International Monetary Fund.

Note: adjusted = before currency translation and structural effects


Sales by customer industry as of Q3 2015 LTM


Average last four quarters: Q1 – Q4 2009 = Index 100

Note: Adjusted growth rates per customer industry are only available since Q1 2011

14% (14%)

24% (23%)

22% (22%)

12% (13%)

12% (12%)

16% (16%)

Sales LTM

as of Q3 2015:

EUR 4,564m

-2% adj. YoY

Dairy Farming

D -1% adj. YoY

Food

D 0% adj. YoY

Beverages

D -10% adj. YoY

Other Industries

D 0% adj. YoY

Pharma/

Chemical

D -5% adj. YoY Dairy

Processing

D +1% adj. YoY

60%

100%

140%

180%

220%

Dairy Farming Dairy Processing GEA Group

60%

100%

140%

180%

220%

Food Beverages GEA Group

Adjusted Sales CAGR 10-14: +15%




60%

100%

140%

180%

220%

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Pharma/Chemical Other Industries GEA Group

Adjusted Sales CAGR 10-14: +7% Adjusted Sales CAGR 10-14: +5%

GEA Group Adjusted Sales CAGR 09-14: +6%



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

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

Book to Bill categories

BtB ratios per region and customer industry as of Q3 2015 LTM


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

Dairy Farming 1.01 5.0% 0.99 1.0% 1.01 5.6% 1.01 1.1% 1.14 0.0% 1.02 0.0% 1.04 1.7% 1.01 14.4%

Dairy Processing 0.90 8.4% 0.78 1.3% 0.83 2.4% 0.79 1.4% 1.89 1.5% 1.76 1.3% 0.76 5.6% 0.89 21.9%

Food 1.03 9.9% 0.79 1.7% 1.02 3.9% 0.99 1.3% 0.96 1.5% 0.85 0.7% 0.92 3.0% 0.97 22.1%

Beverages 1.03 3.7% 1.29 1.7% 0.74 1.2% 1.35 1.1% 1.75 1.4% 0.60 0.2% 1.18 4.4% 1.12 13.6%

Food & Beverages 0.98 27.1% 0.93 5.6% 0.95 13.2% 0.98 4.8% 1.40 4.4% 1.17 2.2% 0.92 14.8% 0.98 72.1%

Pharma 1.31 3.1% 1.78 0.7% 0.93 1.1% 0.95 0.3% 0.86 0.0% 0.17 0.0% 0.94 2.1% 1.08 7.3%

Chemical 1.24 1.7% 1.20 0.2% 0.72 0.9% 0.84 0.2% 0.18 0.0% 3.99 0.5% 1.03 2.1% 1.05 5.6%

Pharma/Chemical 1.29 4.7% 1.62 0.8% 0.82 2.0% 0.91 0.5% 0.32 0.1% 1.53 0.6% 0.98 4.2% 1.07 12.9%

Environment 1.00 1.6% 1.65 0.5% 1.07 0.9% 1.38 0.3% 0.90 0.0% 0.99 0.1% 1.16 1.3% 1.12 4.8%

Oil & Gas 0.63 0.4% 0.95 0.7% 0.73 0.7% 0.68 0.0% 0.28 0.0% 1.31 0.2% 0.50 0.4% 0.73 2.4%

Marine 1.00 1.5% 1.19 0.1% 1.13 0.2% 0.53 0.1% 0.97 0.0% 1.65 0.1% 0.80 1.1% 0.92 3.1%

Power 0.64 0.1% n.a. 0.1% 0.50 0.1% 0.76 0.1% 0.71 0.1% 0.79 0.3% 1.31 0.1% 0.84 0.9%

Others 0.89 1.4% 0.93 0.4% 0.95 0.3% 1.15 0.2% 1.00 0.0% 1.26 0.2% 1.15 1.5% 1.01 3.9%

Other Industries 0.91 4.9% 1.17 1.8% 0.89 2.1% 1.05 0.7% 0.67 0.2% 1.04 0.9% 0.95 4.5% 0.95 15.1%

Total 1.00 36.7% 1.02 8.2% 0.92 17.3% 0.98 6.0% 1.28 4.6% 1.18 3.7% 0.93 23.5% 0.99 100.0%

Asia - Pacific TotalEastern Europe & CIS North America Latin America Africa Middle - EastBook to bill ratio (L4Q)

Q3 2015

Western

Europe


Equals 3.4% of total milk production

0

5

10

15

20

25

30

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

E

Annual growth in dairy consumption (in ME)

Annual growth in milk production (in ECM)

* Low production due to unfavorable weather conditions; high production costs

9

Milk production growth outperformed consumption growth in 2014 leading to stock

Source: IFCN; ECM: energy corrected milk 3.3% protein, 4% fat; ME: milk equivalent


• Milk production increased reasonably through 2014

due to high milk prices and favorable feed costs

• At the same time, significantly less milk demanded

especially by China, while Russian import ban also

had negative impact

• The short-term unbalanced world milk market leads

to significant price decreases on world markets

• At the time being, markets are balancing again, as

milk production is now decreasing as local milk

prices also reflect low world milk prices

• Long-term, the demand for milk is constantly

increasing – on average for all dairy products by

3.0% for 2015-19, while production is expected to

increase by 2.4%

Reasons for unbalanced markets Annual growth in world milk supply and

demand

*

Source: GEA Market Intelligence

(in mill. t ECM, ME)


Order Backlog as of Q3 2015

10 GEA Presentation Results Q3 2015 - October 28th, 2015

850 850 900 850

1,082 1,286 1,285 1,298

Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15

[EURm]

1.05 1.07 1.08 1.07 1.00 1.01 1.05 1.07 1.05 1.02 1.01 1.00 0.99

2,137

1,932 1,830

1,983 2,015 2,087 2,136 2,085

2,185 2,038

2,256 2,195

LTM BtB ratio #

2,148

Order Backlog invoicable in respective FY Order Backlog invoicable after respective FY


ROCE Development as of Q3 2015


Note: ROCE LTM = EBIT (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM)

Op. ROCE LTM = op. EBIT (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM)

[EURm]

1,873 1,887 1,890 1,891 1,886 1,895 1,900 1,912 1,929 1,943 1,974 2,007 2,053

18.6%

16.7%

18.8% 19.3% 19.6%

22.1% 22.6% 22.9% 23.2% 22.6% 22.7%

16.4%

14.5%

24.7% 25.0% 25.6% 26.4% 26.6% 26.7%

25.7%

Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15

Capital Employed (average LTM) ROCE (average LTM) op. ROCE (average LTM)


Working Capital to sales ratio as of Q3 2015

[EURm]

460

395

523 521 511

356

515 521 538

363

535

590 548

424

588 583 632

11.3% 11.4% 12.1%

12.8% 12.9% 12.7% 12.2% 11.9% 11.7% 11.7% 11.8% 11.9% 12.1% 12.1% 12.2% 12.3% 12.6%

Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15

Working Capital Working Capital (average LTM) as % of sales (LTM)



9.6%

11.4%

12.1% 11.9%

12.7%

13.4%

7.4%

9.5%

10.5% 10.2% 11.1%

11.6%

6%

7%

8%

9%

10%

11%

12%

13%

2,000

3,000

4,000

5,000

6,000

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Order Intake Sales Operating EBITDA Margin Operating EBIT Margin

Development LTM: Order Intake, Sales, Operating Margins [EURm]

Operating EBIT Margin improved by 50 bps YoY to 11.6% as of Q3 2015 LTM



Cash Flow Driver Margin: Further improvement before one-offs

-132 -88 -26 10 33 19 -1 -19 -38 -41 -47 -43 -39

441 420 462 471 478 515 527 536 546 540 550

433 404

-120 -125

-126 -126 -124 -120 -122 -123 -114 -94 -92 -87 -82

4.6% 5.0%

7.4% 8.3% 9.0%

9.6% 9.3% 9.0% 8.8% 9.0% 9.0%

6.6% 6.2%

9.7% 9.3% 9.3% 10.1% 10.2% 10.5% 10.7%

Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15

Delta Working Capital (Average LTM) EBITDA (LTM) Capex (LTM) Cash Flow Driver Margin (LTM) op. Cash Flow Driver Margin (LTM)

EBITDA Capex D Working Capital (Average LTM)

Sales Sales Sales - - +

[EURm]

1 Operating Cash Flow Driver Margin is based on operating EBITDA, not on reported EBITDA

1



Net Liquidity reconciliation

[EURm]

603.2

-114.5

-497.1

-356.3

-134.7

-105.7

-140.8

-149.4

-28.3

-81.5

-76.2

Proceeds from HX-Sale Net of Transaction Costs

Net Cash 30.09.2015

1,030.1

Dividend

Discontinued Operations (w/o HX)

Delta Working Capital

Capex

Taxes / Interests

242.3

403.7

Others (therein EUR 42m translation impact)

Effects from Acquisitions

Net Debt 30.09.14 incl. HX

Net Debt 30.09.2014 w/o HX

EBITDA

Net Debt bef. DOP, M&A and Dividend

Elimination Net Cash Position HX

Cash generation LTM: ~ EUR 340m


D +EUR 340m excl.

EUR 42m

translation impact

1including fixed deposits with a remaining period of > 3 months ≤1 year (EUR 120m)

1

engineering for a better world 16

[EURm]

1,196

785

440

1,324

863

498

GEA Group BA Equipment BA Solutions

D +11%

(+5% adjusted)

D +10%

(+4% adjusted)

D +13%

(+8% adjusted)

35% 27% 29% 37% 18% 20%

Q3 2014 LTM Q3 2015 LTM Share of Service Sales %

Sales growth YoY of +10.7% (+4.9% adjusted)

Service Business as of Q3 2015 LTM: 29% of Sales




Provided that there is no further decline in global economic growth we are aiming in

FY 2015 for:

FY 2015 guidance


Operating EBITDA (EURm)

590 - 640 (before one-offs, FX, M&A)

Cash Flow Driver Margin

9.5% - 10.0% (before one-offs, FX, M&A )

Sales

moderate growth (in reported terms)


Additional Financial Information for FY 2015


Depreciation

& Amortization

(incl PPA) (EURm)

around

110

Thereof

impact from

PPA in 2015 (EURm)

around

25

Interest

Expense

Financial

Liabilities (EURm)

below

17

Dividend Policy

Payout ratio

40-50% of net income

DPS not to be

affected by “Fit

for 2020”

charges

Working

Capital LTM

(of sales LTM)

between

12-13%

Target Capex

Level

(of sales)

max.

2%

Tax Rate

below

20%

2016:

around 24%


Financial Targets

FY 2014 - 2020

CAGR Organic Sales Growth FY 2014 - FY 2020: 4% to 6%

FY 2017 - 2020

Service to Sales Ratio: ~30%

Operating EBIT Margin: 13% to 16%

Working Capital to Sales Ratio: 10% to 12%

Capex to Sales Ratio: 1.5% to 2.0%

Cash Flow Driver Margin: 12% to 15%

ROCE: 20% to 25%

Net Effective Tax Rate: 24%



Nov 09, 2015 Roadshow USA Mid Atlantic Barclays

Nov 04, 2015 Roadshow France Paris Kepler Cheuvreux

Nov 10 - 11, 2015 Conference USA Chicago Baird

Investor Relations Calendar Upcoming Roadshows and Conferences

Nov 10, 2015 Roadshow Switzerland Lugano Berenberg

2 0 1 5

Nov 03, 2015 Roadshow UK London Jefferies

Nov 03, 2015 Roadshow Spain Madrid MainFirst


Nov 12, 2015 Roadshow Canada Toronto Barclays

Nov 11, 2015 Roadshow Italy Milan Equita


Nov 19, 2015 Roadshow Sweden Stockholm SEB

Nov 25, 2015 Symposium Germany Frankfurt Berenberg


Nov 25, 2015 Roadshow Switzerland Geneva Credit Suisse

2 0 1 5

Nov 26, 2015 Conference Switzerland Zurich HSBC


Dec 02, 2015 Conference UK London Goldman Sachs

Dec 09, 2015 One-Stop-Shop Brussels Belgium Kepler Cheuvreux

Dec 08, 2015 Round Table Germany Frankfurt Hauck & Aufhäuser


Jan 07, 2016 Conference France Lyon Oddo

Jan 11 - 12, 2016 Conference USA New York City Commerzbank


2 0 1 6



Feb 04, 2016 Release of preliminary figures FY 2015

Apr 20, 2016 Annual Shareholder’s Meeting for FY 2015

Mar 10, 2016 Release of Annual Report FY 2015

May 09, 2016 Quarterly Financial Report for the period to March 31, 2016

Oct 28, 2016 Quarterly Financial Report for the period to September 30, 2016

Financial Calendar

Jul 28, 2016 Half-yearly Financial Report for the period to June 30, 2016

2 0 1 6


engineering for a better world gea.com


[ in EU R mill ion] Q3 2 0 14 Q3 2 0 15 ∆ Y oYQ1- Q3

2 0 14

Q1- Q3

2 0 15 ∆ Y oY

Order Int ake -8.5% -0.5%

ad just ed1

-13.0% -6.2%

Sales -3.4% 1.5%

ad just ed1

-8.0% -4.6%

Order B acklog 2,185.4 2 ,14 8 .4 -1.7% 2,185.4 2 ,14 8 .4 -1.7%

Operat ing EB ITD A 149.0 14 3 .7 -3.6% 362.2 3 8 1.2 5.2%

Operat ing EB ITD A - M arg in 13.0% 13 .0 % -2 bps 11.3% 11.7% 41 bps

Operat ing EB IT 130.2 12 2 .6 -5.9% 306.3 3 2 1.2 4.8%

Operat ing EB IT - M arg in 11.4% 11.1% -28 bps 9.5% 9 .8 % 31 bps

Operat ing R OC E ( LTM )2

25.6% 2 5.7% 17 bps 25.6% 2 5.7% 17 bps

1,167.9 1,0 6 8 .3 3,362.1 3 ,3 4 4 .5

1,146.0 1,10 6 .6 3,214.3 3 ,2 6 3 .1

Order Intake Development by Size

686 669 737 711 702 745 710 722 724 747 754 773 765 835 791 791 765

166 208 214 172 221 175 144 234 167 211 160 170 174

182 163 190 158 128 111

96 102 124 107 131

102 132 67 88 103 68 87

91 112 48

60 58 100 44 65 112 110

162 144 121 22 123 160 54

83 55

97

0

200

400

600

800

1,000

1,200

1,400

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315


9.5% 10.5% 10.2%

11.1% 11.6%

0%

2%

4%

6%

8%

10%

12%

0

1,000

2,000

3,000

4,000

5,000

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Order Intake Sales Operating EBIT Margin

Sales by Customer

Industry

36%

25%

18%

8%

6% 3% 4%

Western Europe

Asia-Pacific

North America

Eastern Europe&CIS

Latin America

Middle East

Africa

14%

24%

22%

12%

12%

16%

Dairy Farming

Dairy Processing

Food

Beverages

Pharma/Chemical

Other Industries

Order Intake, Sales, and Operating

EBIT Margin (LTM)

GEA Group


[EURm]

[EURm]

LTM as of

Q3 2015:

EUR 4,564m

-2% adj. YoY

LTM as of

Q3 2015:

EUR 4,564m

-2% adj. YoY

+2% / 0% adj.

-6% / -10% adj.

+5% / 0% adj.

+6% / +1% adj.

+4% / -1% adj.

Δ YoY

-11% / -12% adj.

-4% / +1% adj. +16% / +1% adj. +1% / -6% adj. +2% / -1% adj.

Δ YoY 0% / 0% adj.

+5% / +3% adj.

+1% / -5% adj.

Sales by Region

1Adjusted = before currency translation and structural effects 2 Operating ROCE (LTM) = op. EBIT (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM)

3,000

4,000

5,000

2,000

1,000



2 0 14

Q1- Q3

2 0 15 ∆ Y oY


ad just ed1

-6.2% -5.3%

Sales -6.6% 0.9%

ad just ed1

-9.6% -4.2%

Order B acklog 596.7 557.8 -6.5% 596.7 557.8 -6.5%

Operat ing EB ITD A 90.5 9 2 .4 2.1% 219.5 2 4 4 .2 11.3%

Operat ing EB ITD A - M arg in 15.1% 16 .5% 141 bps 13.2% 14 .6 % 137 bps

Operat ing EB IT 77.8 78 .1 0.3% 182.2 2 0 3 .9 11.9%

Operat ing EB IT - M arg in 13.0% 14 .0 % 96 bps 11.0% 12 .2 % 120 bps


18.9% 2 0 .9 % 199 bps 18.9% 2 0 .9 % 199 bps

564.7 54 6 .9 1,709.3 1,70 6 .4

598.3 558 .9 1,659.1 1,6 73 .7

Sales by Customer

Industry

BA Equipment


Sales by Region


475 453

501 484 477 485 493 518 513 501

539 538 528 538 560 548

522

30 54

41 44 45 27 19

45 35 42

30 32 30 27

27 25

24 19

6 7 12

8 5

8

8 11

6 7 21

33 17

18

400

450

500

550

600

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315


11.7% 11.8% 11.9% 12.5% 13.8%

0%

2%

4%

6%

8%

10%

12%

14%

0

500

1,000

1,500

2,000

2,500

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315



EBIT Margin (LTM) [EURm] [EURm]

30%

10%

30%

6%

5%

18%

Dairy Farming

Dairy Processing

Food

Beverages

Pharma/Chemical

Other Industries

LTM as of

Q3 2015:

EUR 2,322m

-2% adj. YoY

-4% / -8% adj.

+7% / +1% adj.

+7% / +3% adj.

+11% / +5% adj.

+4% / -1% adj.

Δ YoY

-3% / -7% adj.

37%

21%

23%

6%

7% 4% 3%

Western Europe

Asia-Pacific

North America

Eastern Europe&CIS

Latin America

Middle East

Africa

LTM as of

Q3 2015:

EUR 2,322m

-2% adj. YoY

+22% / +23% adj.

-10% / -3% adj. +17% / +1% adj.

-2% / -7% adj. +1% / 0% adj.

Δ YoY +2% / +4% adj.

+5% / +3% adj.




2 0 14

Q1- Q3

2 0 15 ∆ Y oY


ad just ed1

-16.8% -6.5%

Sales -0.1% 1.9%

ad just ed1

-6.0% -4.9%

Order B acklog 1,623.6 1,6 3 4 .2 0.6% 1,623.6 1,6 3 4 .2 0.6%

Operat ing EB ITD A 60.3 51.9 -14.0% 152.3 14 2 .2 -6.6%

Operat ing EB ITD A - M arg in 10.1% 8 .7% -141 bps 9.0% 8 .2 % -75 bps

Operat ing EB IT 55.7 4 6 .6 -16.3% 138.6 12 7.4 -8.1%

Operat ing EB IT - M arg in 9.4% 7.8 % -152 bps 8.2% 7.3 % -80 bps


62.0% 51.4 % -1059 bps 62.0% 51.4 % -1059 bps

646.5 573 .7 1,801.0 1,79 0 .9

594.9 59 4 .4 1,700.4 1,73 3 .3

Sales by Customer

Industry

37%

15% 17%

17%

13%

Dairy Processing

Food

Beverages

Pharma/Chemical

Other Industries

36%

28%

14%

10%

5% 3% 4%

Western Europe

Asia-Pacific

North America

Eastern Europe&CIS

Latin America

Middle East

Africa

BA Solutions

LTM as of

Q3 2015:

EUR 2,437m

-3% adj. YoY

LTM as of

Q3 2015:

EUR 2,437m

-3% adj. YoY

Sales by Region

+11% / +10% adj.

+2% / -5% adj.

-9% / -12% adj.

+2% / -5% adj.

+5% / 0% adj.

-32% / -35% adj.

0% / +4% adj. +15% / +1% adj.

+2% / -5% adj. +3% / -1% adj.

-2% / -5% adj.

+5% / +2% adj.


249 257 280 269 269 302 265 253 257 290 268 288 279 348

278 296 295

136 155 173 128 176 148 126 189 133

170 130 138 146

155 137 166 133

109 111 90 95

111 99 126

95 124

56 82

103 61 66

91 112

48 60 58

100 44

65 79 94 162

127 121 22

123 160 54 83

55 97

0

100

200

300

400

500

600

700

800

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315


8.0% 8.7% 8.9% 9.6% 9.7%

0%

2%

4%

6%

8%

10%

12%

0

500

1,000

1,500

2,000

2,500

3,000

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315



EBIT Margin (LTM)


[EURm] [EURm]

Δ YoY Δ YoY



Order Intake Q3 2015


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

Order Intake

previous period

Structural Change 21 1.8% 29 0.8% 14 1.2%

Currency Translation 32 2.7% 163 4.9% -17 -1.5%

At Constant Currencies -152 -13.0% -209 -6.2% -78 -6.8%

Order Intake

current period1,068 -8.5% 3,345 -0.5% 1,068 -7.0%

Q3 2015 vs.

Q3 2014

Q1-Q3 2015 vs. Q1-

Q3 2014

Q3 2015 vs.

Q2 2015

1,168 3,362 1,149


Sales Q3 2015



Sales

previous period



At Constant Currencies -91 -8.0% -147 -4.6% -34 -2.9%

Sales

current period1,107 -3.4% 3,263 1.5% 1,107 -3.8%

1,146 3,214 1,150

Q3 2015 vs.

Q3 2014

Q1-Q3 2015 vs. Q1-

Q3 2014

Q3 2015 vs.

Q2 2015


Operating EBITDA Q3 2015



Operating EBITDA

previous period



At Constant Currencies -10 -6.8% 2 0.5% 5 3.5%

Operating EBITDA

current period

Q3 2015 vs.

Q3 2014

Q1-Q3 2015 vs. Q1-

Q3 2014

Q3 2015 vs.

Q2 2015

3.2%

149 362 139

144 -3.6% 381 5.2% 144


110

144139

149

One-Offs

Q3 2015

Operating

EBITDA before

FX & structural

changes

Q3 2015

Operating

EBITDA

Structural

change

Q3 2014

Operating

EBITDA

Q3 2015

Reported

EBITDA

Organic

-10 +3 -33

-6.8% +2.1%

-23.2%

GEA’s reported EBITDA impacted by FX and One-Offs

31

+2

+1.2%

EBITDA bridge Q3 2015 [EURm]

FX



Currency% total Q3 2015

sales

FX Rates

Q3 2015

(average)

∆ FX YoY

Q3 2015 vs

Q3 2014

FX Rates

YTD 2015

(average)

∆ FX YoY

YTD 2015 vs

YTD 2014

EUR 44% - - - -

USD 17% 1.11 -16% 1.11 -18%

CNY 7% 7.01 -14% 6.96 -17%

GBP 4% 0.72 -10% 0.73 -10%

NZD 4% 1.71 9% 1.58 -2%

DKK 4% 7.46 0% 7.46 0%

SGD 2% 1.55 -7% 1.52 -11%

PLN 2% 4.19 0% 4.16 0%

BRL 2% 3.94 31% 3.53 14%

AUD 1% 1.53 7% 1.46 -1%

CAD 1% 1.45 1% 1.40 -5%

FX Development Q3 2015 YoY



[EURm]

33

641

562

645

939

946

987

537

640

511

495

444

490

548

424

632

Trade

Receivables Inventories

Trade

Payables

Advance

Payments

Working

Capital

Q4 2014

Q3 2015

+41

+4%

+83

+15%

-129

-20%

+46

+10%

+208

+49%

Q3 2014

+7

+1%

-79

-12%

+103

+19%

-51

-10%

-124

-23%

=

=

=

Working Capital Development



Key Figures Time Line (1/9)


Order Intake

[in EUR million]

Q1 09

sel

Q2 09

sel

Q3 09

sel

Q4 09

sel

FY

2009

Q1 10

sel

Q2 10

sel

Q3 10

sel

Q4 10

sel

FY

2010

Q1 11

sel

Q2 11

sel

BA Equipment 319.8 295.8 282.4 299.0 1,196.9 305.2 347.7 348.5 336.2 1,337.5 385.2 523.9

BA Solutions 369.7 430.0 348.0 442.3 1,590.1 439.9 465.2 440.3 546.6 1,892.0 525.8 540.5

Consolidation / Others -25.1 -22.7 -25.3 -25.7 -98.9 -31.8 -35.6 -33.5 -28.4 -129.2 -36.7 -39.6

GEA Group 664.4 703.0 605.0 715.6 2,688.1 713.4 777.3 755.3 854.4 3,100.3 874.3 1,024.8

Order Backlog

[in EUR million]Q1 09 Q2 09 Q3 09 Q4 09

FY

2009Q1 10 Q2 10 Q3 10 Q4 10

FY

2010Q1 11 Q2 11

BA Equipment 439.3 421.5 389.4 365.3 365.3 403.4 438.3 422.4 379.0 379.0 531.9 575.8

BA Solutions 855.2 868.4 803.6 811.4 811.4 919.9 1,003.7 967.1 974.6 974.6 1,070.5 1,092.7


GEA Group 1,276.0 1,274.4 1,175.8 1,161.1 1,161.1 1,301.8 1,417.0 1,362.1 1,333.5 1,333.5 1,581.2 1,643.7

Sales

[in EUR million]

Q1 09

sel

Q2 09

sel

Q3 09

sel

Q4 09

sel

FY

2009

Q1 10

sel

Q2 10

sel

Q3 10

sel

Q4 10

sel

FY

2010

Q1 11

sel

Q2 11

sel

BA Equipment 312.1 308.2 303.3 320.6 1,244.2 270.9 315.8 348.4 379.2 1,314.3 326.3 488.6

BA Solutions 378.1 401.6 408.4 449.6 1,637.7 352.0 408.8 446.8 541.8 1,749.5 409.6 505.2


GEA Group 674.5 688.4 695.0 756.1 2,814.0 603.2 700.7 769.7 889.5 2,963.1 706.7 964.6

Adjusted Sales Growth

YoY

[in %]

Q1 09

sel

Q2 09

sel

Q3 09

sel

Q4 09

sel

FY

2009

Q1 10

sel

Q2 10

sel

Q3 10

sel

Q4 10

sel

FY

2010

Q1 11

sel

Q2 11

sel

BA Equipment n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.

BA Solutions n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.

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

GEA Group n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 14.2% 22.7%

Book-to-Bill Ratio LTM

(rolling last 12 months)Q1 09 Q2 09 Q3 09 Q4 09

FY

2009Q1 10 Q2 10 Q3 10 Q4 10

FY

2010Q1 11 Q2 11

BA Equipment n.a. n.a. n.a. n.a. n.a. 0.98 1.02 1.04 1.02 1.02 1.03 1.03

BA Solutions n.a. n.a. n.a. n.a. n.a. 1.03 1.05 1.08 1.08 1.08 1.09 1.08


GEA Group n.a. n.a. n.a. n.a. n.a. 1.00 1.02 1.05 1.05 1.05 1.06 1.05




Order Intake

[in EUR million]

Q3 11

sel

Q4 11

sel

FY

2011

Q1 12

sel

Q2 12

sel

Q3 12

sel

Q4 12

sel

FY

2012

Q1 13

sel

Q2 13

sel

Q3 13

sel

Q4 13

sel

BA Equipment 524.8 506.9 1,940.8 547.3 535.2 534.3 552.5 2,169.2 533.3 570.6 573.2 553.1

BA Solutions 554.6 581.3 2,202.2 642.6 535.8 622.2 628.0 2,428.7 610.2 698.2 640.8 636.3


GEA Group 1,040.6 1,047.0 3,986.7 1,146.0 1,028.6 1,111.6 1,139.2 4,425.4 1,095.1 1,220.0 1,168.3 1,144.4

Order Backlog

[in EUR million]Q3 11 Q4 11

FY

2011Q1 12 Q2 12 Q3 12 Q4 12

FY

2012Q1 13 Q2 13 Q3 13 Q4 13

BA Equipment 586.9 510.4 510.4 602.7 620.9 599.5 558.0 558.0 597.8 616.3 618.1 554.5

BA Solutions 1,140.8 1,118.4 1,118.4 1,269.9 1,312.7 1,371.3 1,298.2 1,298.2 1,413.9 1,502.7 1,553.0 1,492.1


GEA Group 1,700.9 1,599.2 1,599.2 1,841.1 1,900.9 1,932.4 1,829.9 1,829.9 1,982.6 2,085.3 2,136.2 2,015.5

Sales

[in EUR million]

Q3 11

sel

Q4 11

sel

FY

2011

Q1 12

sel

Q2 12

sel

Q3 12

sel

Q4 12

sel

FY

2012

Q1 13

sel

Q2 13

sel

Q3 13

sel

Q4 13

sel

BA Equipment 516.1 583.0 1,914.0 440.1 514.2 547.0 583.2 2,084.4 465.4 533.2 554.4 610.9

BA Solutions 512.8 632.4 2,060.0 482.2 521.2 553.0 676.8 2,233.2 503.7 575.2 579.3 680.1


GEA Group 980.5 1,176.4 3,828.3 880.5 994.1 1,060.5 1,207.2 4,142.3 924.2 1,064.6 1,089.1 1,242.2


YoY

[in %]

Q3 11

sel

Q4 11

sel

FY

2011

Q1 12

sel

Q2 12

sel

Q3 12

sel

Q4 12

sel

FY

2012

Q1 13

sel

Q2 13

sel

Q3 13

sel

Q4 13

sel

BA Equipment n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 4.5% 3.7% 3.6% 7.6%

BA Solutions n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 5.7% 12.1% 9.3% 4.5%


GEA Group 16.4% 12.7% 16.4% 22.8% -0.4% 4.0% 0.5% 3.4% 5.0% 8.0% 6.2% 6.5%


(rolling last 12 months)Q3 11 Q4 11

FY

2011Q1 12 Q2 12 Q3 12 Q4 12

FY

2012Q1 13 Q2 13 Q3 13 Q4 13

BA Equipment 1.04 1.01 1.01 1.04 1.03 1.02 1.04 1.04 1.02 1.03 1.04 1.03

BA Solutions 1.10 1.07 1.07 1.09 1.08 1.09 1.09 1.09 1.06 1.11 1.10 1.11


GEA Group 1.07 1.04 1.04 1.06 1.06 1.05 1.07 1.07 1.05 1.07 1.08 1.07




Order Intake

[in EUR million]

FY

2013

Q1 14

sel

Q2 14

sel

Q3 14

sel

Q4 14

sel

FY

2014

Q1 15

sel

Q2 15

sel

Q3 15

sel

BA Equipment 2,230.2 574.9 569.7 564.7 585.8 2,295.1 586.5 573.0 546.9

BA Solutions 2,585.5 502.1 652.4 646.5 622.3 2,423.4 588.3 628.9 573.7

Consolidation / Others -187.8 -52.7 -52.2 -43.3 -50.6 -198.9 -47.4 -53.1 -52.3

GEA Group 4,627.9 1,024.3 1,169.9 1,167.9 1,157.5 4,519.6 1,127.5 1,148.8 1,068.3

Order Backlog

[in EUR million]

FY

2013Q1 14 Q2 14 Q3 14 Q4 14

FY

2014Q1 15 Q2 15 Q3 15

BA Equipment 554.5 627.6 624.1 596.7 532.6 532.6 608.3 581.4 557.8

BA Solutions 1,492.1 1,496.7 1,551.9 1,623.6 1,540.2 1,540.2 1,684.4 1,652.9 1,634.2


GEA Group 2,015.5 2,086.7 2,137.2 2,185.4 2,037.6 2,037.6 2,256.0 2,195.5 2,148.4

Sales

[in EUR million]

FY

2013

Q1 14

sel

Q2 14

sel

Q3 14

sel

Q4 14

sel

FY

2014

Q1 15

sel

Q2 15

sel

Q3 15

sel

BA Equipment 2,164.0 495.4 565.4 598.3 648.5 2,307.6 527.0 587.9 558.9

BA Solutions 2,338.3 502.2 603.3 594.9 704.0 2,404.3 526.0 612.9 594.4


GEA Group 4,320.0 950.7 1,117.7 1,146.0 1,301.4 4,515.7 1,006.4 1,150.1 1,106.6


YoY

[in %]

FY

2013

Q1 14

sel

Q2 14

sel

Q3 14

sel

Q4 14

sel

FY

2014

Q1 15

sel

Q2 15

sel

Q3 15

sel

BA Equipment 4.9% 9.7% 9.0% 8.5% 5.3% 8.0% 0.8% -2.5% -9.6%

BA Solutions 7.7% 2.4% 7.6% 2.0% 2.2% 3.5% -2.5% -5.8% -6.0%

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

GEA Group 6.5% 6.0% 7.9% 5.2% 3.6% 5.6% -0.9% -4.1% -8.0%


(rolling last 12 months)

FY

2013Q1 14 Q2 14 Q3 14 Q4 14

FY

2014Q1 15 Q2 15 Q3 15

BA Equipment 1.03 1.04 1.02 1.00 0.99 0.99 0.99 0.98 0.99

BA Solutions 1.11 1.06 1.03 1.02 1.01 1.01 1.03 1.02 0.99

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

GEA Group 1.07 1.05 1.02 1.01 1.00 1.00 1.01 1.00 0.99




Operating EBITDA

[in EUR million]

Q1 09

sel

Q2 09

sel

Q3 09

sel

Q4 09

sel

FY

2009

Q1 10

sel

Q2 10

sel

Q3 10

sel

Q4 10

sel

FY

2010

Q1 11

sel

Q2 11

sel

BA Equipment 31.2 35.7 42.5 52.6 162.0 35.0 40.5 58.6 57.9 192.0 41.6 66.8

BA Solutions 11.7 21.5 22.7 43.3 99.3 12.1 21.2 23.2 68.8 125.3 25.0 38.3

Consolidation / Others -0.2 0.1 0.9 -13.3 -12.6 -2.3 2.0 -2.0 -4.5 -6.7 -4.2 -4.7

GEA Group 42.7 57.3 66.2 82.6 248.7 44.9 63.7 79.8 122.3 310.6 62.4 100.3

Operating EBITDA -

Margin

Q1 09

sel

Q2 09

sel

Q3 09

sel

Q4 09

sel

FY

2009

Q1 10

sel

Q2 10

sel

Q3 10

sel

Q4 10

sel

FY

2010

Q1 11

sel

Q2 11

sel

BA Equipment 10.0% 11.6% 14.0% 16.4% 13.0% 12.9% 12.8% 16.8% 15.3% 14.6% 12.7% 13.7%

BA Solutions 3.1% 5.4% 5.6% 9.6% 6.1% 3.4% 5.2% 5.2% 12.7% 7.2% 6.1% 7.6%

GEA Group 6.3% 8.3% 9.5% 10.9% 8.8% 7.4% 9.1% 10.4% 13.7% 10.5% 8.8% 10.4%

EBITDA reported

[in EUR million]

Q1 09

sel

Q2 09

sel

Q3 09

sel

Q4 09

sel

FY

2009

Q1 10

sel

Q2 10

sel

Q3 10

sel

Q4 10

sel

FY

2010

Q1 11

sel

Q2 11

sel

BA Equipment 31.2 33.3 39.9 38.6 143.0 34.9 38.6 49.4 52.5 175.4 41.6 47.1

BA Solutions 10.5 17.9 11.9 32.3 72.6 12.0 19.8 21.1 55.9 108.9 25.0 38.3

Consolidation / Others -3.1 -2.2 -3.5 -19.2 -28.1 0.0 -1.2 -5.2 -6.1 -12.4 -6.8 -7.2

GEA Group 38.6 49.0 48.3 51.7 187.6 47.0 57.2 65.4 102.3 271.9 59.9 78.1

Operating EBIT

[in EUR million]

Q1 09

sel

Q2 09

sel

Q3 09

sel

Q4 09

sel

FY

2009

Q1 10

sel

Q2 10

sel

Q3 10

sel

Q4 10

sel

FY

2010

Q1 11

sel

Q2 11

sel

BA Equipment 24.8 29.0 35.6 45.4 134.9 27.4 32.6 50.7 47.2 157.8 33.8 56.2

BA Solutions 7.7 17.3 18.7 39.1 82.8 7.9 16.8 18.9 64.0 107.6 20.6 33.7


GEA Group 29.4 43.4 52.4 66.3 191.6 29.9 48.5 65.3 104.1 247.9 48.2 83.2

Operating EBIT - Margin

[in %]

Q1 09

sel

Q2 09

sel

Q3 09

sel

Q4 09

sel

FY

2009

Q1 10

sel

Q2 10

sel

Q3 10

sel

Q4 10

sel

FY

2010

Q1 11

sel

Q2 11

sel

BA Equipment 7.9% 9.4% 11.8% 14.2% 10.8% 10.1% 10.3% 14.5% 12.4% 12.0% 10.4% 11.5%

BA Solutions 2.0% 4.3% 4.6% 8.7% 5.1% 2.2% 4.1% 4.2% 11.8% 6.2% 5.0% 6.7%

GEA Group 4.4% 6.3% 7.5% 8.8% 6.8% 5.0% 6.9% 8.5% 11.7% 8.4% 6.8% 8.6%

EBIT reported

[in EUR million]

Q1 09

sel

Q2 09

sel

Q3 09

sel

Q4 09

sel

FY

2009

Q1 10

sel

Q2 10

sel

Q3 10

sel

Q4 10

sel

FY

2010

Q1 11

sel

Q2 11

sel

BA Equipment 24.2 26.0 32.2 30.7 113.2 26.6 29.8 40.7 40.4 137.5 33.0 27.4

BA Solutions 5.8 13.0 7.2 26.7 52.7 7.1 14.7 16.1 50.3 88.2 19.8 33.0


GEA Group 24.0 33.7 33.0 33.4 124.2 30.5 40.4 49.3 82.0 202.2 44.0 51.1




Operating EBITDA

[in EUR million]

Q3 11

sel

Q4 11

sel

FY

2011

Q1 12

sel

Q2 12

sel

Q3 12

sel

Q4 12

sel

FY

2012

Q1 13

sel

Q2 13

sel

Q3 13

sel

Q4 13

sel

BA Equipment 74.0 95.6 278.0 43.3 66.5 80.2 98.4 288.4 48.6 66.3 84.3 113.4

BA Solutions 45.1 87.9 196.3 25.6 45.3 51.4 90.8 213.1 32.1 52.2 53.5 95.2

Consolidation / Others 0.7 3.5 -4.7 -0.9 -1.1 0.6 -5.7 -7.1 -8.3 -0.1 -4.3 -2.9

GEA Group 119.8 187.0 469.6 68.0 110.7 132.3 183.5 494.4 72.4 118.4 133.5 205.7

Operating EBITDA -

Margin

Q3 11

sel

Q4 11

sel

FY

2011

Q1 12

sel

Q2 12

sel

Q3 12

sel

Q4 12

sel

FY

2012

Q1 13

sel

Q2 13

sel

Q3 13

sel

Q4 13

sel

BA Equipment 14.3% 16.4% 14.5% 9.8% 12.9% 14.7% 16.9% 13.8% 10.4% 12.4% 15.2% 18.6%

BA Solutions 8.8% 13.9% 9.5% 5.3% 8.7% 9.3% 13.4% 9.5% 6.4% 9.1% 9.2% 14.0%

GEA Group 12.2% 15.9% 12.3% 7.7% 11.1% 12.5% 15.2% 11.9% 7.8% 11.1% 12.3% 16.6%

EBITDA reported

[in EUR million]

Q3 11

sel

Q4 11

sel

FY

2011

Q1 12

sel

Q2 12

sel

Q3 12

sel

Q4 12

sel

FY

2012

Q1 13

sel

Q2 13

sel

Q3 13

sel

Q4 13

sel

BA Equipment 74.7 94.9 258.2 7.4 62.3 73.6 80.4 223.7 48.3 66.3 84.3 113.4

BA Solutions 45.1 87.9 196.3 25.6 45.3 51.2 90.8 212.8 32.1 52.2 53.5 95.2

Consolidation / Others -1.9 1.7 -14.2 -3.6 -3.5 -1.8 -7.7 -16.5 -9.3 -4.7 -7.9 -8.3

GEA Group 117.9 184.4 440.3 29.4 104.1 123.0 163.5 420.1 71.1 113.8 130.0 200.3

Operating EBIT

[in EUR million]

Q3 11

sel

Q4 11

sel

FY

2011

Q1 12

sel

Q2 12

sel

Q3 12

sel

Q4 12

sel

FY

2012

Q1 13

sel

Q2 13

sel

Q3 13

sel

Q4 13

sel

BA Equipment 63.2 85.7 238.8 32.9 57.1 70.1 87.2 247.4 38.4 55.6 72.9 100.5

BA Solutions 40.1 82.7 177.1 21.0 40.5 46.6 85.2 193.4 27.4 47.6 48.7 90.8

Consolidation / Others -1.4 0.9 -13.3 -3.2 -2.7 -1.3 -7.8 -15.0 -10.4 -2.2 -6.0 -4.5

GEA Group 101.9 169.3 402.6 50.7 94.9 115.4 164.7 425.8 55.4 101.0 115.6 186.8


[in %]

Q3 11

sel

Q4 11

sel

FY

2011

Q1 12

sel

Q2 12

sel

Q3 12

sel

Q4 12

sel

FY

2012

Q1 13

sel

Q2 13

sel

Q3 13

sel

Q4 13

sel

BA Equipment 12.2% 14.7% 12.5% 7.5% 11.1% 12.8% 15.0% 11.9% 8.3% 10.4% 13.1% 16.5%

BA Solutions 7.8% 13.1% 8.6% 4.4% 7.8% 8.4% 12.6% 8.7% 5.4% 8.3% 8.4% 13.3%

GEA Group 10.4% 14.4% 10.5% 5.8% 9.5% 10.9% 13.6% 10.3% 6.0% 9.5% 10.6% 15.0%

EBIT reported

[in EUR million]

Q3 11

sel

Q4 11

sel

FY

2011

Q1 12

sel

Q2 12

sel

Q3 12

sel

Q4 12

sel

FY

2012

Q1 13

sel

Q2 13

sel

Q3 13

sel

Q4 13

sel

BA Equipment 56.1 81.2 197.7 -7.6 48.0 58.5 50.5 149.3 33.0 50.5 67.9 95.5

BA Solutions 39.5 80.0 172.2 20.1 39.5 45.3 84.5 189.6 26.5 46.7 47.8 89.5


GEA Group 91.6 160.2 347.0 6.5 82.3 100.1 125.4 314.3 48.1 90.4 106.0 175.1




Operating EBITDA

[in EUR million]

FY

2013

Q1 14

sel

Q2 14

sel

Q3 14

sel

Q4 14

sel

FY

2014

Q1 15

sel

Q2 15

sel

Q3 15

sel

BA Equipment 312.7 56.6 72.4 90.5 131.7 351.1 67.4 84.5 92.4

BA Solutions 233.0 34.2 57.8 60.3 113.5 265.8 32.3 58.1 51.9


GEA Group 530.1 85.1 128.0 149.0 228.5 590.7 98.2 139.3 143.7

Operating EBITDA -

Margin

FY

2013

Q1 14

sel

Q2 14

sel

Q3 14

sel

Q4 14

sel

FY

2014

Q1 15

sel

Q2 15

sel

Q3 15

sel

BA Equipment 14.4% 11.4% 12.8% 15.1% 20.3% 15.2% 12.8% 14.4% 16.5%

BA Solutions 10.0% 6.8% 9.6% 10.1% 16.1% 11.1% 6.1% 9.5% 8.7%

GEA Group 12.3% 9.0% 11.5% 13.0% 17.6% 13.1% 9.8% 12.1% 13.0%

EBITDA reported

[in EUR million]

FY

2013

Q1 14

sel

Q2 14

sel

Q3 14

sel

Q4 14

sel

FY

2014

Q1 15

sel

Q2 15

sel

Q3 15

sel

BA Equipment 312.4 56.6 72.4 85.7 126.0 340.7 64.5 27.6 90.4

BA Solutions 233.0 34.2 57.8 58.6 113.8 264.5 31.7 31.1 45.1


GEA Group 515.2 83.0 123.1 140.0 193.9 539.9 93.0 6.4 110.4

Operating EBIT

[in EUR million]

FY

2013

Q1 14

sel

Q2 14

sel

Q3 14

sel

Q4 14

sel

FY

2014

Q1 15

sel

Q2 15

sel

Q3 15

sel

BA Equipment 267.4 44.4 60.0 77.8 116.1 298.3 54.3 71.5 78.1

BA Solutions 214.4 29.8 53.1 55.7 109.2 247.8 27.5 53.3 46.6


GEA Group 458.8 66.8 109.3 130.2 207.2 513.5 78.8 119.8 122.6


[in %]

FY

2013

Q1 14

sel

Q2 14

sel

Q3 14

sel

Q4 14

sel

FY

2014

Q1 15

sel

Q2 15

sel

Q3 15

sel

BA Equipment 12.4% 9.0% 10.6% 13.0% 17.9% 12.9% 10.3% 12.2% 14.0%

BA Solutions 9.2% 5.9% 8.8% 9.4% 15.5% 10.3% 5.2% 8.7% 7.8%

GEA Group 10.6% 7.0% 9.8% 11.4% 15.9% 11.4% 7.8% 10.4% 11.1%

EBIT reported

[in EUR million]

FY

2013

Q1 14

sel

Q2 14

sel

Q3 14

sel

Q4 14

sel

FY

2014

Q1 15

sel

Q2 15

sel

Q3 15

sel

BA Equipment 246.9 39.3 55.2 68.2 105.6 268.3 46.5 8.1 72.3

BA Solutions 210.5 28.9 52.3 53.1 108.8 243.0 25.7 24.9 37.6


GEA Group 419.6 58.7 98.7 115.4 167.0 439.9 67.5 -20.9 83.1




Capital Employed w/o

goodwill1) (average LTM)

[in EUR million]

Q1 09 Q2 09 Q3 09 Q4 09FY

2009Q1 10 Q2 10 Q3 10 Q4 10

FY

2010Q1 11 Q2 11

BA Equipment - - - - n.a. 633.4 632.0 630.7 641.6 641.6 694.6 843.9

BA Solutions - - - - n.a. 382.9 375.0 369.1 360.8 360.8 356.2 353.3

Consolidation / Others - - - - n.a. 62.1 64.0 66.1 67.0 67.0 67.1 69.2

GEA Group - - - - n.a. 1,078.4 1,071.0 1,066.0 1,069.5 1,069.5 1,117.9 1,266.4

ROCE w/o goodwill2) LTM

[in%]Q1 09 Q2 09 Q3 09 Q4 09

FY

2009Q1 10 Q2 10 Q3 10 Q4 10

FY

2010Q1 11 Q2 11

BA Equipment - - - - n.a. 18.2% 18.9% 20.3% 21.4% 21.4% 20.7% 16.8%

BA Solutions - - - - n.a. 14.1% 14.9% 17.5% 24.4% 24.4% 28.3% 33.7%

GEA Group - - - - n.a. 12.1% 12.8% 14.4% 18.9% 18.9% 19.3% 17.9%



[in EUR million]

Q3 11 Q4 11FY

2011Q1 12 Q2 12 Q3 12 Q4 12

FY

2012Q1 13 Q2 13 Q3 13 Q4 13

BA Equipment 1,007.6 1,175.3 1,175.3 1,299.8 1,340.7 1,376.0 1,402.6 1,402.6 1,428.1 1,438.7 1,444.9 1,454.9

BA Solutions 356.8 370.1 370.1 393.2 410.6 419.1 408.0 408.0 391.3 381.5 372.1 371.3

Consolidation / Others 72.3 74.2 74.2 79.0 79.0 77.6 76.8 76.8 70.7 70.3 69.6 68.8

GEA Group 1,436.7 1,619.6 1,619.6 1,771.9 1,830.3 1,872.7 1,887.4 1,887.4 1,890.1 1,890.6 1,886.5 1,895.0


[in%]Q3 11 Q4 11

FY

2011Q1 12 Q2 12 Q3 12 Q4 12

FY

2012Q1 13 Q2 13 Q3 13 Q4 13

BA Equipment 15.6% 16.8% 16.8% 12.1% 13.2% 13.1% 10.6% 10.6% 13.3% 13.4% 14.0% 17.0%

BA Solutions 39.9% 46.5% 46.5% 43.9% 43.6% 44.1% 46.5% 46.5% 50.1% 53.2% 55.3% 56.7%

GEA Group 18.7% 21.4% 21.4% 17.5% 18.6% 18.6% 16.7% 16.7% 18.8% 19.3% 19.6% 22.1%






[in EUR million]

FY

2013Q1 14 Q2 14 Q3 14 Q4 14

FY

2014Q1 15 Q2 15 Q3 15

BA Equipment 1,454.9 1,466.1 1,480.1 1,494.7 1,506.2 1,506.2 1,519.8 1,526.8 1,530.6

BA Solutions 371.3 365.4 365.0 370.2 375.5 375.5 391.0 417.1 460.6

Consolidation / Others 68.8 68.8 66.9 64.1 61.8 61.8 63.2 62.8 62.1

GEA Group 1,895.0 1,900.2 1,912.0 1,929.0 1,943.4 1,943.4 1,974.0 2,006.7 2,053.2


[in%]

FY

2013Q1 14 Q2 14 Q3 14 Q4 14

FY

2014Q1 15 Q2 15 Q3 15

BA Equipment 17.0% 17.3% 17.4% 17.3% 17.8% 17.8% 18.1% 15.0% 15.2%

BA Solutions 56.7% 58.3% 59.9% 60.4% 64.7% 64.7% 61.3% 51.0% 42.8%

GEA Group 22.1% 22.6% 22.9% 23.2% 22.6% 22.6% 22.7% 16.4% 14.5%


Key Figures Time Line (9/9): Remarks

Please note: adjusted sales growth = before currency translation and structural change

1) Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999.

2) ROCE LTM = EBIT reported (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the

former Metallgesellschaft AG in 1999 (average LTM).


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