Download - FY/Q4 2020 Results
FY/Q4 2020 Results
Stefan Klebert, CEO
Marcus A. Ketter, CFO
DÜSSELDORF, MARCH 04, 2021
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%.
Disclaimer
GEA Q4 2020 Figures 2
3GEA Q4 2020 Figures
Highlights FY 2020
Stefan Klebert, CEO
GEA has achieved a turnaround and is back on an upward trend
4GEA Q4 2020 Figures
Efficiency
measuresPandemic
Business
model
New
divisional
structure
Profitability
Net
working
capital2
Pro-actively
managed
Proved its
resilience
Successfully
implemented
Portfolio
and savings
measures
pushed
ahead
Substantial
EBITDA1-
margin
increase by
1.7%p to
11.5%
Strongly
reduced by
6.1%p to
7.9%
1 Before restructuring measures; 2 NWC (spot) as of % sales (L4Q)
Well on track to achieve our financial targets 2022
ROCE1,2
EBITDA1
Sales
Initial profit targets significantly exceeded in 2020
5GEA Q4 2020 Figures
Guidance Achievement
0% to -5%on an organic basis
€4,635m -5.0% YoY; -2.6% org. Y/Y
> €500m (initial: €430m and €480m)
€532m€542m excl. FX
15.0% - 17.0%(initial: 9.0% - 11.0%)
17.1%
1 Before restructuring measures; 2 Capital employed excluding goodwill from the acquisition of the former GEA AG by former Metallgesellschaft AG in 1999 (average of the last 4 quarters)
Proposing a dividend of €0.85 per share
PY
€4,880m
€479m
10.6%
ESG Highlights 2020
6GEA Q4 2020 Figures
Water withdrawal vs. 2019
-0.9% (306.2 tsd m³)
CO2
-8.5% vs. 2019
-29.3% vs. base year 2015
tons emissions Scope 1 and 2 in total
CO2 equivalent market-based
A-Rating MSCI Global Sustainability Indices
DAX50 ESG Index member
Silver CSR medal
A/A- Water Security/Climate
(Leadership Level)
7GEA Q4 2020 Figures
On track to achieve our 2022 financial targets
12.4%
11.4%
9.8% 9.8%
11.5%
6%
8%
10%
12%
14%
16%
2016 2017 2018 2019 2020
EBITDA1 Margin improved by 1.7%p to 11.5% in FY 2020
GEA has achieved a turnaround and is back on an upward trend
8
13.5%
1 Before restructuring measures 2 Pro-forma EBITDA margin before restructuring incl. €67m IFRS16 effect of FY 2019
13.9%2
12.8%2
11.2%2
GEA Q4 2020 Figures
Self help story on trackCurrent project status
9GEA Q4 2020 Figures
Procurement
consolidation
Operating
efficiency
increase
Footprint
optimization
Sales
efficiency
increase
ERP
harmonization
Implementation
Status of
measures
Estimated P&L
impact until
FY 2022ca. €50m ca. €10m ca. €50m ca. €40m ca. -€10m
To-date P&L
impact as
per FY 2020ca. €40m1 ca. €3m ca. €25m €0m ca. -€5m
FY 2019
9.8%
FY 2022
11.5% - 13.5%Improvement measures
1 ca. €25m in FY 2020
9.8%
11.5% 11.5%
8%
10%
12%
14%
2019 2020 2021E 2022E old 2022E
Increase of EBITDA1 margin guidance for FY 2022 to between 12.5% and 13.5%
10
13.5%
1 Before restructuring measures
13.5%
12.5%
GEA Q4 2020 Figures
+1%p
NEW
11GEA Q4 2020 Figures
Business & Financial Review FY/Q4 2020
Marcus A. Ketter, CFO
Executive Summary 2020
12GEA Q4 2020 Figures
€m
Order Intake
Sales
EBITDA1
EBITDA Margin1
EBIT1
ROCE1,2
Net liquidity
FY 20
4,703
4,635
532.5
11.5%
331.4
17.1%
402
FY 19
4,931
4,880
479.2
9.8%
271.4
10.6%
28
∆
-4.6%
-5.0%
11.1%
1.7%p
22.1%
6.5%p
374 €m
Decline mostly related to the customer industries Food and
Beverages as well as orders >€5m
Execution of construction contracts impacted by Covid-19 related
restrictions; service and product sales less impacted
EBITDA1 and margin improvement driven by higher gross
profit margin as well as lower overhead costs resulting from
cost savings initiatives implemented earlier
Substantial increase based on improvement of both, EBIT1,2
and Capital Employed2
Significant improvement of net liquidity especially driven by a
strong reduction of net working capital1 Before restructuring; 2 L4Q
EBITDA1 supported by significant improvements of margin and lower SG&A costs
13GEA Q4 2020 Figures
€m
75
41
24-17-1
-21
EBITDA1
FY 19
FXOther
-24
EBITDA1
FY 20
Special Items FX
-17
SG&AR&DMarginVolume
479
532
∆ +€53m
∑ ∆ +€60m
∆ +€7m
FX:
-€10m Translational
-€14m Transactional Special items:
FY 20: -€24m
FY 19: -€41m
+€71m New
Machines
+€4m Service
-€32m New
Machines
+€11m Service
1 Before restructuring measures
GEA Group: Orders below prior year’s level but improved sequentially; EBITDA1 margin expansion from better gross margin and lower overhead costs
GEA Q4 2020 Figures 14
Order intake declined by 7.9% YoY (org. -4.0%)
• Decline mostly driven by lower intake of large
orders (>€15m)
• Significant sequential improvement of order
momentum across all key customer industries
except for Pharma
Sales declined by 8.2% YoY (org. -4.1%)
• Covid-19 related restrictions impacted order
execution
• Organic flat service sales (0.3%) – share of
service sales increased to 34.1% (vs. 32.7%
in Q4 19)
EBITDA1 margin increased to 11.5%
• Margin expansion was driven by higher gross
margin as well as lower overhead costs
1 Before restructuring measures
1,343 1,377
1,034 1,0551,237
0 €m
500 €m
1,000 €m
1,500 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake
1,3401,094 1,165 1,146 1,231
0 €m
500 €m
1,000 €m
1,500 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Sales
150
105140 145 142
0 €m
100 €m
200 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
EBITDA1
Separation & Flow Technologies: EBITDA1 margin expansion despite Covid-19 related top-line decline
GEA Q4 2020 Figures 15
Order intake down by 0.6% YoY (org. +4.0%)
• Weaker orders in the customer industry Food
were compensated by growth in the
customer industries Dairy Processing,
Environmental and Pharma
Sales declined by 9.8% YoY (org. -5.8%)
• Decline mainly related to Oil & Gas industry
• Service sales increased by 3.2% organically;
share of total sales rose to a new record
level of 44.2% (vs. 40.4% in Q4 19)
EBITDA1 margin increased to 20.9%
• Volume-driven decline in gross profit was
partly compensated by lower overhead costs
1 Before restructuring measures
310 332288 284 308
0 €m
200 €m
400 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake
340278 313 294 306
0 €m
200 €m
400 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Sales
69
60
64
68
64
55 €m
60 €m
65 €m
70 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
EBITDA1
Liquid & Powder Technologies: Significant sequential improvement in order intake momentum
GEA Q4 2020 Figures 16
Order intake declined by 18.1% YoY (org. -15.4%)
• YoY decrease due a record level in large order
(>€15m) intake in Q4 19
• Significant sequential improvement especially in
Dairy Processing, Food and Beverages
Sales declined by 9.1% YoY (org. -5.4%)
• Covid-19 related restrictions still weigh on
order execution
• Service sales down by 7.0% organically; share
of total sales 23.4% (vs. 23.8% in Q4 19)
EBITDA1 margin improved to 9.9%
• Higher gross margin from better order
execution more than compensated a slight
increase of overhead costs
1 Before restructuring measures
549 566
335 316
449
0 €m
200 €m
400 €m
600 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake
484385 423 417 440
0 €m
200 €m
400 €m
600 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Sales
40
8
3731
44
0 €m
20 €m
40 €m
60 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
EBITDA1
Food & Healthcare Technologies: EBITDA1 margin expansion driven by higher gross margin and lower overhead costs
GEA Q4 2020 Figures 17
Order intake down by 4.3% YoY (org. -2.8%)
• Pharma business slightly up versus prior year
while Food was down driven by some project
delays
• Customer activity in some customer industries
is improving
Sales declined by 10.1% YoY (org. -8.6%)
• Delays in order execution and commissioning
due to restrictions related to Covid-19
• Organic service sales growth of 3.4% - now
accounting for 28.2% of sales (vs. 25.0% in
Q4 19)
EBITDA1 margin improved to 9.1%
• Gross margin expanded while overhead costs
were below last year’s level
1 Before restructuring measures
244 222192 206
234
0 €m
100 €m
200 €m
300 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake
256213 237 215 230
0 €m
100 €m
200 €m
300 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Sales
1916
22 20 21
0 €m
10 €m
20 €m
30 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
EBITDA1
Farm Technologies: Positive order intake trend continued in Q4 20
GEA Q4 2020 Figures 18
Order intake up by 7.6% YoY (org. +16.5%)
• Demand driven by automated milking systems
• Good demand from North America, Germany and
Russia
Sales declined by 4.4% YoY (org. +2.6%)
• New machines sales negatively impacted by a
discontinued barn equipment product line
• Organic service sales rose by 4.5% - service
sales share now at 43.2% (vs. 42.7% in Q4 19)
EBITDA1 margin declined slightly to 11.4%
• Decline in gross profit could not be
compensated by overhead costs
1 Before restructuring measures
165 177156 166 178
0 €m
100 €m
200 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake
182141 145
165 174
0 €m
100 €m
200 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Sales
22
1115
21 20
0 €m
10 €m
20 €m
30 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
EBITDA1
Refrigeration Technologies: Order intake, sales and EBITDA1
impacted by Covid-19
GEA Q4 2020 Figures 19
Order intake decline of 21.3% YoY (org. -17.7%)
• Decline due to postponements of orders
especially in the project business
• Pent-up demand from earlier in 2020 was
awarded to a certain degree in Q3 20
Sales declined by 9.8% YoY (org. -5.2%)
• Lower backlog at the start of Q4 20 due to
weaker order intake in Q2 and Q3 20
• Organic service sales declined by 3.7%; service
sales share at 36.6% (vs. 35.7% in Q4 19)
EBITDA1 margin declined to 7.4%
• Gross margin improved but gains were offset
by stronger increase in overhead costs
1 Before restructuring measures
179 184
138161
141
0 €m
100 €m
200 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake
193170 164 155
174
0 €m
100 €m
200 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Sales
18 1713
1613
0 €m
10 €m
20 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
EBITDA1
• NWC improvement of €315m YoY or 6.1%p
• Reduction of NWC across all divisions but
especially at Separation & Flow as well as
Liquid & Powder Technologies
• YoY improvement due to trade receivables, net
contract assets and inventories while trade
payables decreased
• Sustainable improvement of net working
capital achieved
• New NWC/Sales target range of 8% to 10%
NWC/Sales ratio further strongly reduced to a new record low of 7.9%
GEA Q4 2020 Figures 20
682720
630582
367
14.0%14.6%
13.0%12.3%
7.9%
0%
2%
4%
6%
8%
10%
12%
14%
16%
0 €m
200 €m
400 €m
600 €m
800 €m
1,000 €m
1,200 €m
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
NWC as of reporting date
NWC as of reporting date in percentage of sales (L4Q)
Old target
corridor
New target
corridor
Strong net cash position of €402m at the end of Q4 2020
21GEA Q4 2020 Figures
Free Cash Flow Q4 [€m]
142
328287
265
204
Lease
payments
TaxesDelta
NWC
EBITDA
before
Restructuring
OthersCash-out
Restructuring
-25-16 -4323
Operating
Cash flow
Capex Interests
paid
2
Others Free Cash
Flow
-17 -5
Net Cash
Flow
213
402
265
Net Cash Q3 20 Net Cash Flow DOP
-780
Net Cash Q4 20Dividend
-2
FX on Cash
4
Others
Operating Cash Flow
• NWC €204m: Improvements from better inventory
and payables
• Restructuring related cash outflow of -€16m
• Others €23m: includes restructuring provisions for
the relocation of the valves & pumps production as
well as provisions for personnel, bad debt, service
costs and the disposal of assets
Net financial cash
• Dividend -€78m 2nd tranche paid in December
• FX on cash -€2m, mainly Indian Rupee and
Argentine Peso
Net financial cash Q4 20 vs. Q3 20 [€m]
GEA Q4 2020 Figures
20128
172100
361
650
381
650
128
0
172
0
100
0
100
200
300
400
500
600
700
2021 2022 2023 2024 2025 2026 2027
Drawn Undrawn
Maturity structure (€m) Financial KPIs
Strong financial position and sufficientfinancial headroom
22
Rating
Agency Rating Outlook Last Update
Moody's Baa2 negative June 08, 2020
Fitch BBB- stable May 08, 2020
€m ∆ Q4 20 Q4 19
Equity 1,921 2,090
Leverage1 (Covenant 3x) -0.9x -0.1x
Leverage2 (Rating) 3.0x 3.3x
Financial Headroom 950 750
Cash and Cash Equivalents 822 355
Net Liquidity (+) / Net Debt (-) 402 281 Total net debt / cons. EBITDA based on frozen GAAP (covenant concept)2 According to Moody’s consideration (3,0x in December 2020 as of September 2020)
• Until Dec 2020:
Individual legal entities/companies (“Zebras”) with
activities related to two or more divisions were
allocated to just one division
• From 1 Jan 2021:
Split up of “Zebras” into single profit centers which
are now allocated by their different business
activity to the respective division
This leads to higher transparency at division
level but has no impact on group level
Split-up of “Zebra” entities ahead of schedule, leading to higher transparency
23GEA Q4 2020 Figures
Legal
Entity
(“Zebra”)
Division
Until Dec 2020 From 1 Jan 2021
LPT RT FT
LPT
A A
LPT RT FT
LPT RT FT
Exemplary
24GEA Q4 2020 Figures
Outlook FY 2021
Stefan Klebert, CEO
GEA Q4 2020 Figures
Global production growth in % YoY per
major customer industry
Global production recovery to pre-crisis
level by Q1 21
External view on industry development YoY 2021E
25
1.7 1.8
-2.6
0.6
4.3
-1.4
-3.8
1.6 1.5
6.1
5.0
5.5
4.5
6.1
Ind.
Production***
Dairy
Farming*
Dairy
Processing*
Food**Beverages** Pharma** Chemicals**
2020 2021
90
92
94
96
98
100
102
104
106
108
110
112
Q1 20 Q3 20Q4 19 Q2 21Q2 20 Q4 20 Q1 21 Q3 21 Q4 21
Ind. Production***
Chemicals**
Beverages**
Food**
Pharmaceuticals**
* w/o India & Pakistan; ** measured as “Value-added output, real US$”; *** excl. Construction;
Sources: Oxford Economics per 4 December 2020; IFCN per January 2021; GEA internal assessment
Guidance FY 2021
GEA Q4 2020 Figures 26
EBITDA1
(Before restructuring measures)
Slight increase
(0% - 5% YoY)
Between
€530m and €580m
Between
16.0% and 20.0%
ROCE1
(Before restructuring measures)
1 based on constant exchange rates
(PY: 17.1%)(PY: €532m)(PY: €4,635m)
ORGANIC SALES(currency and portfolio adjusted)
Key Priorities for FY 2021
27GEA Q4 2020 Figures
Maintain focus on operating efficiency Efficiency
Start of template 1 roll-outglobalSAP
system
Breaking ground of new factory in PolandFootprint
optimization
Revision of ESG targets along ambitious ESG
frameworkESG
Roadmap for 2021
28GEA Q4 2020 Figures
FY 2020
Today
AGM FY 20
April 30,
2021
Q3 2021
November
9, 2021
Q1 2021
May 11,
2021
Q2 2021
August 17,
2021
CMD
September
28/29, 2021
GEA Q4 2020 Figures 29
Mission 26
30GEA Q4 2020 Figures
Appendix
Sales CAGR
2019-22
EBITDA1 Margin
2019
EBITDA1 Margin
2020
EBITDA1 Margin
2022E
Separation & Flow
Technologies2.0% – 2.5% 20.0% 21.4% 22.0% – 23.5%
Liquid & Powder
Technologies2.0% – 3.0% 5.0% 7.2% 8.0% – 9.0%
Food & Healthcare
Technologies2.5% – 3.0% 6.9% 8.8% 10.5% – 12.0%
Farm Technologies 1.5% – 4.5% 9.2% 10.7% 11.5% – 12.5%
Refrigeration
Technologies2.0% – 2.5% 8.3% 8.9% 10.5% – 11.5%
GEA Group2 2.0% – 3.0% 9.8% 11.5% 12.5% – 13.5%
Sales growth and EBITDA1 margin targets
31GEA Q4 2020 Figures
1 Before restructuring measures 2 GEA Group including additional group measures
Additional financial information for FY 2021
32GEA Q4 2020 Figures
Financial result
from
-€15m
to
-€20m
Tax rate
around
25%
Capex
around
4.0%of sales
Depreciation&
Amortization (incl.
PPA, IFRS 16)1
around
€200mthereof impact from
PPA
around
€20m
1 before restructuring measures
Sales EBITDA1
SFT 10 4
LPT 134 10
FHT 66 9
FT 30 3
RT 2 1
Consolidation 107 Unchanged
GEA Unchanged Unchanged
Financial Impact from reallocating “Zebra” entities
33GEA Q4 2020 Figures
1 Before restructuring measures
Q4 2020 EBITDA1 bridge
34GEA Q4 2020 Figures
€m
15
19
10
11
Special ItemsEBITDA1
Q4 19
-13
Volume Margin
-3
R&D SG&A
-15
Other
-11
FX EBITDA1
Q4 20
FX
150
142
∆ -€9m
∑ ∆ +€13m
∆ +€21m
FX:
-€4m Translational
-€7m Transactional
Special items:
Q4 20: -€12m
Q4 19: -€2m
+€15m New
Machines
-€0m Service
-€13m New
Machines
+€0m Service
1 Before restructuring measures
[in EUR million] Q4 19 Q4 20 Δ YoY L4Q Q4 19 L4Q Q4 20 Δ YoY
Order Intake -7,9% -4,6%
Adjusted1 -4,0% -2,2%
Sales -8,2% -5,0%
Adjusted1 -4,1% -2,6%
Order Backlog 2.412,4 2.298,5 -4,7% 2.412,4 2.298,5 -4,7%
EBITDA2 150,3 141,8 -5,7% 479,2 532,5 11,1%
EBITDA Margin2 11,2% 11,5% 31 bps 9,8% 11,5% 167 bps
EBIT2 93,3 88,3 -5,3% 271,4 331,4 22,1%
EBIT Margin2 7,0% 7,2% 22 bps 5,6% 7,1% 159 bps
ROCE3 10,6% 17,1% 648 bps 10,6% 17,1% 648 bps
1.343,3 1.237,1 4.931,1 4.703,0
1.340,4 1.230,8 4.879,7 4.635,1
4.9
18
5.0
01
4.7
65
4.8
23 4.9
31
5.1
22
5.0
09
4.8
09
4.7
034
.828
4.8
46
4.8
66
4.9
12
4.8
80
4.9
16
4.8
33
4.7
45
4.6
35
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake Sales
791 802 811 792 825 830 742 749 817
260 219 238 192258 263
224 184240
76 127 80 148106 144
46 85
107107 38 18
122154 140
22 37
74
1.2351.186 1.147
1.2551.343 1.377
1.034 1.055
1.237
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
<€1m >=€1m < €5m >=€5m < €15m >=€15m
Order Intake Development by SizeOrder Intake and Sales (L4Q)
Sales by Customer
Industry (L4Q)
12%
17%
28%
13%
7%
7%
15%Dairy Farming -6% YoY
Dairy Processing -10% YoY
Food -10% YoY
Beverage 8% YoY
Pharma -6% YoY
Chemical 1% YoY
Other -4% YoY
GEA -5% YoY
GEA – Q4 2020 figures
GEA Q4 2020 Figures 35
1 Adjusted = before FX and structural effects; 2 before restructuring measures; 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)
Separation & Flow Technologies – Q4 2020 figures
36GEA Q4 2020 Figures
1 Adjusted = before FX and structural effects; 2 before restructuring measures; 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] Q4 19 Q4 20 Δ YoY L4Q Q4 19 L4Q Q4 20 Δ YoY
Order Intake -0,6% -4,7%
Adjusted1 4,0% -2,4%
Sales -9,8% -3,7%
Adjusted1 -5,8% -1,4%
Order Backlog 396,8 373,7 -5,8% 396,8 373,7 -5,8%
EBITDA2 69,2 64,1 -7,5% 247,1 255,3 3,3%
EBITDA Margin2 20,4% 20,9% 52 bps 20,0% 21,4% 146 bps
EBIT2 58,2 50,2 -13,7% 206,8 210,9 2,0%
EBIT Margin2 17,1% 16,4% -74 bps 16,7% 17,7% 99 bps
ROCE3 20,5% 23,0% 249 bps 20,5% 23,0% 249 bps
310,0 308,1 1.271,8 1.211,6
339,6 306,5 1.238,3 1.192,1
1.1
89
1.1
95
1.2
14
1.2
70
1.2
72
1.2
91
1.2
55
1.2
13
1.2
12
1.1
75 1.1
98
1.2
06
1.2
38
1.2
38
1.2
42
1.2
54
1.2
25
1.1
92
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake Sales
0%
21%
28%
11%
11%
5%
24%
267 273 288 277 280 274 260 256 268
2030
2917 30 37
2811
4010
613
21
1622
17308 314 323 325
310332
288 284308
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
<€1m >=€1m < €5m >=€5m < €15m >=€15m
Order Intake Development by SizeOrder Intake and Sales (L4Q)
Sales by Customer
Industry (L4Q)
Dairy Farming -22% YoY
Dairy Processing -8% YoY
Food 14% YoY
Beverage -7% YoY
Pharma 4% YoY
Chemical -29% YoY
Other -11% YoY
SFT -4% YoY
Liquid & Powder Technologies – Q4 2020 figures
GEA Q4 2020 Figures 37
1 Adjusted = before FX and structural effects; 2 before restructuring measures; 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] Q4 19 Q4 20 Δ YoY L4Q Q4 19 L4Q Q4 20 Δ YoY
Order Intake -18,1% -8,9%
Adjusted1 -15,4% -7,0%
Sales -9,1% -3,7%
Adjusted1 -5,4% -1,6%
Order Backlog 1.254,1 1.177,4 -6,1% 1.254,1 1.177,4 -6,1%
EBITDA2 39,7 43,7 9,9% 87,2 120,2 37,8%
EBITDA Margin2 8,2% 9,9% 171 bps 5,0% 7,2% 217 bps
EBIT2 25,3 32,0 26,5% 43,0 80,4 86,9%
EBIT Margin2 5,2% 7,3% 204 bps 2,5% 4,8% 234 bps
ROCE3 17,0% 173,8% 15675 bps 17,0% 173,8% 15675 bps
548,7 449,1 1.828,5 1.665,3
484,0 440,2 1.729,0 1.665,7
1.6
24
1.7
36
1.5
85
1.6
62
1.8
28
1.9
84
1.9
54
1.7
65
1.6
65
1.6
45
1.6
61
1.6
73
1.7
07
1.7
29
1.7
53
1.7
30
1.7
09
1.6
66
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake Sales
0%
32%
14%28%
4%
16%
5%
202 194 212 215 202 192 176 170 179
110 9298 99 117 116
111 97 111
55 86 5586 75 117
2630
8616 38
105154
140
2219
74382
410
365
505
549 566
335316
449
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
<€1m >=€1m < €5m >=€5m < €15m >=€15m
Order Intake Development by SizeOrder Intake and Sales (L4Q)
Sales by Customer
Industry (L4Q)
Dairy Farming 363% YoY
Dairy Processing -15% YoY
Food -3% YoY
Beverage 10% YoY
Pharma -14% YoY
Chemical 4% YoY
Other -19% YoY
LPT -4% YoY
Food & Healthcare Technologies – Q4 2020 figures
GEA Q4 2020 Figures 38
1 Adjusted = before FX and structural effects; 2 before restructuring measures; 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] Q4 19 Q4 20 Δ YoY L4Q Q4 19 L4Q Q4 20 Δ YoY
Order Intake -4,3% -6,6%
Adjusted1 -2,8% -6,0%
Sales -10,1% -7,0%
Adjusted1 -8,6% -6,4%
Order Backlog 554,7 481,5 -13,2% 554,7 481,5 -13,2%
EBITDA2 19,3 21,0 8,9% 66,8 79,0 18,3%
EBITDA Margin2 7,5% 9,1% 159 bps 6,9% 8,8% 189 bps
EBIT2 6,0 8,1 34,8% 14,4 27,6 91,6%
EBIT Margin2 2,3% 3,5% 117 bps 1,5% 3,1% 159 bps
ROCE3 2,1% 6,3% 418 bps 2,1% 6,3% 418 bps
244,2 233,8 914,4 854,2
256,2 230,4 963,0 895,1
1.0
70
1.0
83
1.0
01
978
914
899
869
865
854
982
980
993
987
963
953
938
921
895
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake Sales
2%
77%
3%
18%
149 136 143 127152 143
122 123 141
7870 62
50
7266
56 48
72
1131
17
2113
14 17
21
69
1815 18
307
238222
210
244222
192206
234
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
<€1m >=€1m < €5m >=€5m < €15m >=€15m
Order Intake Development by SizeOrder Intake and Sales (L4Q)
Sales by Customer
Industry (L4Q)
Dairy Farming 0% YoY
Dairy Processing 841% YoY
Food -8% YoY
Beverage 459% YoY
Pharma -7% YoY
Chemical n.a
Other n.a
FHT -7% YoY
Farm Technologies – Q4 2020 figures
GEA Q4 2020 Figures 39
1 Adjusted = before FX and structural effects; 2 before restructuring measures; 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] Q4 19 Q4 20 Δ YoY L4Q Q4 19 L4Q Q4 20 Δ YoY
Order Intake 7,6% 5,5%
Adjusted1 16,5% 10,7%
Sales -4,4% -4,8%
Adjusted1 2,6% -0,2%
Order Backlog 123,0 150,7 22,5% 123,0 150,7 22,5%
EBITDA2 21,7 19,7 -9,4% 60,3 66,9 11,0%
EBITDA Margin2 12,0% 11,4% -62 bps 9,2% 10,7% 153 bps
EBIT2 19,4 12,7 -34,7% 32,6 39,6 21,6%
EBIT Margin2 10,7% 7,3% -339 bps 5,0% 6,3% 138 bps
ROCE3 10,2% 14,3% 415 bps 10,2% 14,3% 415 bps
165,3 177,9 641,8 677,0
181,5 173,6 656,3 624,8
674
653
644
630 6
42 6
57
655 664 6
77
663
668
664
660
656
654
639
633
625
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake Sales
148 158146 152 161 162
146 153169
54
12 54
16
10 6
97153
162 158 156165
177
156166
178
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
<€1m >=€1m < €5m >=€5m < €15m >=€15m
Order Intake Development by SizeOrder Intake and Sales (L4Q)
Sales by Customer
Industry (L4Q)
100%
Dairy Farming -5% YoY
Dairy Processing n.a
Food n.a
Beverage n.a
Pharma n.a
Chemical n.a
Other n.a
FT -5% YoY
Refrigeration Technologies – Q4 2020 figures
GEA Q4 2020 Figures 40
1 Adjusted = before FX and structural effects; 2 before restructuring measures; 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] Q4 19 Q4 20 Δ YoY L4Q Q4 19 L4Q Q4 20 Δ YoY
Order Intake -21,3% -11,6%
Adjusted1 -17,7% -8,8%
Sales -9,8% -6,0%
Adjusted1 -5,2% -3,1%
Order Backlog 283,8 235,8 -16,9% 283,8 235,8 -16,9%
EBITDA2 18,4 12,8 -30,1% 58,3 58,8 0,8%
EBITDA Margin2 9,5% 7,4% -215 bps 8,3% 8,9% 60 bps
EBIT2 12,1 8,4 -30,5% 35,8 38,5 7,4%
EBIT Margin2 6,3% 4,9% -144 bps 5,1% 5,8% 73 bps
ROCE3 13,4% 18,4% 495 bps 13,4% 18,4% 495 bps
179,5 141,2 707,0 625,3
192,5 173,6 704,9 662,8
799
783
771
751
707
737
678
664
625
778
760
755
743
705
725
700
682
663
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Order Intake Sales
164132 142
122 135 138106 117 120
48
2338
2134 38
2728 22
11
18
3210 9
616
-0
223
154
198
175 179 184
138
161141
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
<€1m >=€1m < €5m >=€5m < €15m >=€15m
Order Intake Development by SizeOrder Intake and Sales (L4Q)
Sales by Customer
Industry (L4Q)
6%
29%
4%2%
59%
Dairy Farming n.a
Dairy Processing 50% YoY
Food -33% YoY
Beverage -12% YoY
Pharma n.a
Chemical 310% YoY
Other 15% YoY
RT -6% YoY
Service sales
41GEA Q4 2020 Figures
Figures are shown in EUR million. Totals differ from sum below due to consolidation effects.
133 119 124 130 137 121 126 123 135
101
71100 97
115
8693 94
103
63
54
60 58
64
5857 58
65
72
67
68 73
78
72 68 71
75
80
55
65 61
69
60 59 58
64
428
346
394 396
438
375 381 384
420
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
SFT LPT FHT FT RT
Growth Breakdown Order Intake
42GEA Q4 2020 Figures
in EURm Δ abs Δ in % Δ abs Δ in % Δ abs Δ in % Δ abs Δ in %
Order Intake previous period 1.343 1.055 4.931 4.931
Structural Change - - - - - - - -
Currency Translation -53 -3,9% -7 -0,7% -122 -2,5% -122 -2,5%
Like-for-Like Development -53 -4,0% 189 17,9% -106 -2,2% -106 -2,2%
Order Intake current period 1.237 -7,9% 1.237 17,2% 4.703 -4,6% 4.703 -4,6%
Q4 20 vs. Q4 19 Q4 20 vs. Q3 20Q1 - Q4 20 vs.
Q1 - Q4 19
L4Q Q4 20 vs.
L4Q Q4 19
Growth Breakdown Sales
43GEA Q4 2020 Figures
in EURm Δ abs Δ in % Δ abs Δ in % Δ abs Δ in % Δ abs Δ in %
Sales previous period 1.340 1.146 4.880 4.880
Structural Change - - - - - - - -
Currency Translation -55 -4,1% -6 -0,5% -119 -2,4% -119 -2,4%
Like-for-Like Development -55 -4,1% 91 7,9% -126 -2,6% -126 -2,6%
Sales current period 1.231 -8,2% 1.231 7,4% 4.635 -5,0% 4.635 -5,0%
Q4 20 vs. Q4 19 Q4 20 vs. Q3 20Q1 - Q4 20 vs.
Q1 - Q4 19
L4Q Q4 20 vs.
L4Q Q4 19
Order intake split as of Q4 2020 L4Q: Top 30 countries account for 86% of order intake
44GEA Q4 2020 Figures
Top DM Countries Share Delta LTM % BtB Top EM Countries Share Delta LTM % BtB
United States 17% 1,07 China 11% 1,08
Germany 10% 1,07 Russian Federation 3% 0,93
France 6% 1,10 Poland 2% 1,00
Netherlands 3% 0,92 India 2% 1,07
United Kingdom 3% 1,06 Indonesia 2% 1,41
Italy 3% 1,06 Mexico 2% 0,95
Spain 3% 1,09 Brazil 2% 0,79
Belgium 2% 1,07 South Africa 1% 1,18
Canada 2% 0,68 Turkey 1% 0,97
Ireland 2% 1,17 Thailand 1% 1,03
Japan 2% 0,96 Vietnam 1% 0,65
Australia 1% 1,17 Argentina 1% 1,20
Switzerland 1% 0,93 Belarus 1% 1,01
Austria 1% 1,20 Pakistan 1% 3,65
New Zealand 1% 0,82 Philippines 0% 0,88
More than 5%
Between 1% and 5%
Between -1% and 1%
Between -5% and -1%
Less than -5%
FX development
45GEA Q4 2020 Figures
Currency % total Dec Q4 *FX rates Dec Q4
(average)
∆ FX YoY Dec 2020 vs
Dec 2019
EUR 46% - -
USD 17% 1,14 2%
CNY 6% 7,87 2%
DKK 4% 7,45 0%
GBP 3% 0,89 1%
RUB 3% 82,72 14%
CAD 3% 1,53 3%
SGD 2% 1,57 3%
PLN 2% 4,44 3%
BRL 2% 5,89 34%
INR 1% 84,64 7%
*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)
46GEA Q4 2020 Figures
1 Adjusted = before FX and structural effects; 2 before restructuring measures; 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 Q3 20 Q4 20
SFT 293 301 250 309 307 305 269 308 314 323 325 310 332 288 284 308
LPT 370 446 362 477 297 517 428 382 410 365 505 549 566 335 316 449
FHT 234 212 180 223 225 304 234 307 238 222 210 244 222 192 206 234
FT 167 170 168 180 183 167 170 153 162 158 156 165 177 156 166 178
RT 181 194 174 224 170 210 196 223 154 198 175 179 184 138 161 141
Cons./ Other (109) (82) (77) (96) (81) (119) (99) (139) (92) (120) (117) (104) (105) (75) (77) (73)
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 1.055 1.237
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 Q3 20 Q4 20
SFT 251 257 239 263 271 272 245 267 273 288 277 280 274 260 256 268
LPT 180 184 154 197 181 196 160 202 194 212 215 202 192 176 170 179
FHT 145 110 118 167 165 129 137 149 136 143 127 152 143 122 123 141
FT 159 166 165 164 171 164 154 148 158 146 152 161 162 146 153 169
RT 133 153 130 155 147 160 152 164 132 142 122 135 138 106 117 120
GEA 758 789 729 850 853 802 748 791 802 811 792 825 830 742 749 817
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 Q3 20 Q4 20
SFT 23 24 18 25 28 14 24 20 30 29 17 30 37 28 11 40
LPT 103 131 82 160 93 121 86 110 92 98 99 117 116 111 97 111
FHT 45 38 44 41 61 105 69 78 70 62 50 72 66 56 48 72
FT 9 4 3 17 12 3 10 5 4 12 5 4 16 10 6 9
RT 31 30 38 28 23 38 21 48 23 38 21 34 38 27 28 22
GEA 211 227 185 270 218 281 210 260 219 238 192 258 263 224 184 240
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 Q3 20 Q4 20
SFT 19 20 (7) 22 9 19 - - 10 6 13 - 21 - 16 -
LPT 65 53 90 61 23 103 103 55 86 55 86 75 117 26 30 86
FHT 16 6 18 15 - 45 28 11 31 - 17 21 13 14 17 21
FT - - - - - - 6 - - - - - - - 7 -
RT 17 11 5 24 - 12 23 11 - 18 32 10 9 6 16 (0)
GEA 116 89 107 122 32 180 160 76 127 80 148 106 144 46 85 107
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 Q3 20 Q4 20
SFT - - - - - - - 22 - - 17 - - - - -
LPT 22 78 35 59 - 96 79 16 38 - 105 154 140 22 19 74
FHT 28 58 - - - 24 - 69 - 18 15 - - - 18 -
FT - - - - - - - - - - - - - - - -
RT - - - 16 - - - - - - - - - - - -
GEA 50 136 35 75 - 120 79 107 38 18 122 154 140 22 37 74
Adj. Order Intake Growth1Q1 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 Q3 20 Q4 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%) (9,2%) 4,0%
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%) (34,8%) (15,4%)
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%) (1,0%) (2,8%)
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% 13,8% 16,5%
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%) (3,8%) (17,7%)
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%) (12,3%) (4,0%)
Historical Timeline (2/4)
47GEA Q4 2020 Figures
1 Adjusted = before FX and structural effects; 2 before restructuring measures; 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 €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 Q3 20 Q4 20
SFT 357 360 350 351 403 421 396 370 413 430 427 397 429 398 373 374
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 1.189 1.177
FHT 409 435 443 533 541 586 586 610 630 598 575 555 556 502 484 482
FT 143 156 150 139 185 187 182 149 168 165 142 123 150 163 155 151
RT 277 271 261 280 288 300 312 305 289 296 298 284 289 265 265 236
Cons./ Other (145) (149) (150) (151) (146) (167) (165) (179) (178) (197) (210) (200) (212) (169) (144) (121)
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 2.321 2.298
Sales €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 Q3 20 Q4 20
SFT 255 282 259 305 251 293 292 339 275 301 324 340 278 313 294 306
LPT 356 421 427 490 346 434 403 462 362 445 438 484 385 423 417 440
FHT 173 176 172 238 226 239 237 281 223 252 232 256 213 237 215 230
FT 132 152 171 188 138 165 175 185 143 160 171 182 141 145 165 174
RT 159 183 179 205 167 195 185 230 149 189 173 193 170 164 155 174
Cons./ Other (71) (75) (77) (95) (88) (98) (105) (124) (95) (100) (104) (113) (94) (117) (102) (93)
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 1.146 1.231
Adj. Sales Growth1Q1 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 Q3 20 Q4 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% (5,6%) (5,8%)
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%) (1,2%) (5,4%)
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%) (6,1%) (8,6%)
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%) 2,8% 2,6%
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%) (6,8%) (5,2%)
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%) (3,6%) (4,1%)
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 Q3 20 Q4 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 0,96 1,01
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 0,76 1,02
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 0,96 1,01
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 1,00 1,02
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 1,04 0,81
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 0,92 1,01
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 Q3 20 Q4 20
SFT 46 67 54 87 44 57 77 78 58 46 74 69 60 64 68 64
LPT 16 26 8 63 1 25 22 39 (7) 25 30 40 8 37 31 44
FHT 10 10 10 21 15 22 20 26 19 12 16 19 16 22 20 21
FT 8 13 21 24 8 15 20 28 6 13 19 22 11 15 21 20
RT 13 17 16 18 13 23 20 18 7 15 18 18 17 13 16 13
Cons./ Other 2 (18) 3 (11) (4) 0 (13) (13) (8) 0 (14) (18) (8) (10) (10) (20)
GEA 95 115 112 201 77 142 145 175 75 111 143 150 105 140 145 142
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 Q3 20 Q4 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% 23,0% 20,9%
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% 7,4% 9,9%
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% 9,3% 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% 13,0% 11,4%
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% 10,0% 7,4%
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% 12,7% 11,5%
Historical Timeline (3/4)
48GEA Q4 2020 Figures
1 Adjusted = before FX and structural effects; 2 before restructuring measures; 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 Q3 20 Q4 20
SFT (6) (6) (6) (6) (9) (9) (9) (11) (9) (9) (9) (10) (10) (10) (10) (13)
LPT (3) (3) (3) (6) (8) (8) (9) (11) (9) (10) (9) (14) (9) (9) (9) (11)
FHT (3) (3) (3) (4) (6) (7) (7) (8) (7) (7) (7) (7) (7) (7) (7) (7)
FT (5) (5) (5) (5) (6) (7) (7) (8) (6) (12) (7) (2) (6) (6) (6) (7)
RT (2) (2) (2) (3) (5) (5) (6) (6) (5) (5) (5) (6) (5) (5) (5) (4)
Cons./ Other (1) (2) (2) (0) (4) (4) (5) (3) (4) (4) (4) (10) (4) (3) (8) (4)
GEA (20) (21) (22) (24) (38) (40) (42) (46) (40) (46) (42) (49) (41) (40) (45) (46)
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 Q3 20 Q4 20
SFT (1) (1) (1) (1) (1) (1) (1) (3) (1) (1) (1) (1) (0) (0) (0) (0)
LPT (1) (1) (1) (0) (1) (1) (1) (9) (1) (1) (1) (1) (1) (1) (1) (1)
FHT (5) (5) (5) (8) (9) (8) (8) (19) (6) (6) (6) (6) (6) (6) (6) (6)
FT (0) (1) (1) (1) (1) (1) (0) (0) (0) (0) (0) (1) (0) (0) (0) (0)
RT (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) (0)
Cons./ Other - - (0) 0 - - - 0 - - - 0 - - - 0
GEA (7) (7) (8) (10) (11) (11) (11) (32) (8) (8) (8) (8) (7) (7) (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 Q3 20 Q4 20
SFT 40 60 48 80 34 47 67 64 48 36 64 58 50 53 58 50
LPT 12 23 4 56 (8) 16 12 19 (17) 15 20 25 (2) 28 22 32
FHT 2 2 2 9 0 6 4 (1) 7 (1) 3 6 4 9 7 8
FT 3 7 15 19 1 8 12 19 (0) 1 12 19 4 8 15 13
RT 10 14 13 15 7 18 13 11 2 10 12 12 12 8 10 8
Cons./ Other 1 (19) 0 (11) (8) (3) (17) (15) (12) (3) (18) (28) (11) (13) (18) (23)
GEA 68 87 83 168 28 91 92 97 27 57 94 93 56 93 93 88
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 Q3 20 Q4 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% 19,5% 16,4%
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% 5,2% 7,3%
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% 3,3% 3,5%
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% 9,0% 7,3%
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% 6,5% 4,9%
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% 8,1% 7,2%
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 Q3 20 Q4 20
SFT 45 64 50 85 40 54 72 51 57 45 74 55 60 62 64 56
LPT 15 24 8 59 (4) 21 18 32 (8) 23 30 10 8 37 32 47
FHT 10 10 10 20 13 19 17 24 19 12 16 9 16 21 19 18
FT 8 13 20 23 6 12 17 24 6 13 18 8 11 17 23 12
RT 13 16 16 17 10 20 16 14 7 11 18 17 17 14 16 13
Cons./ Other 1 (20) 2 (9) (8) (4) (20) (16) (13) (3) (17) (34) (15) (19) (18) (31)
GEA 91 107 107 194 57 123 121 130 69 101 139 65 97 132 135 115
EBITDA margin4Q1 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 Q3 20 Q4 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% 21,6% 18,2%
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% 7,6% 10,7%
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% 8,8% 7,6%
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% 13,7% 6,8%
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% 10,3% 7,5%
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% 11,8% 9,3%
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 Q3 20 Q4 20
SFT 39 58 43 78 34 47 66 35 48 35 63 44 50 50 53 40
LPT 11 20 4 52 (8) 16 12 17 (17) 5 20 (4) (2) 28 23 28
FHT 2 2 2 8 0 6 4 (0) 7 (1) 3 (262) 4 9 6 (6)
FT 3 7 15 17 1 7 12 18 (1) 1 11 2 4 (3) 16 (4)
RT 10 13 13 14 7 17 13 11 2 5 12 6 12 9 (5) 11
Cons./ Other (1) (21) 0 (9) (10) (6) (23) (17) (16) (7) (21) (44) (19) (22) (26) (34)
GEA 64 79 78 160 24 88 85 64 22 38 89 (258) 48 71 67 35
Historical Timeline (4/4)
49GEA Q4 2020 Figures
1 Adjusted = before FX and structural effects; 2 before restructuring measures; 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
EBIT margin4Q1 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 Q3 20 Q4 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% 18,1% 13,2%
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% 5,4% 6,4%
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% 2,8% -2,6%
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% 9,7% -2,5%
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% -3,5% 6,4%
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% 5,8% 2,9%
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 Q3 20 Q4 20
SFT 627 720 812 893 912 935 964 987 982 994 1.005 1.007 995 978 950 915
LPT 171 169 171 183 209 235 271 276 241 254 257 253 209 156 100 46
FHT 674 575 470 446 532 627 726 735 718 730 738 681 619 547 463 439
FT 293 299 302 304 305 311 316 323 309 313 320 320 313 300 287 277
RT 220 227 237 252 267 287 306 314 277 272 269 267 260 249 228 210
Cons./ Other 30 (5) (42) (28) (20) (2) 9 23 22 28 41 38 41 41 40 56
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 2.068 1.943
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 Q3 20 Q4 20
SFT - - - 25,5% 24,4% 22,4% 23,8% 21,6% 23,1% 21,7% 21,2% 20,5% 20,9% 23,1% 23,0% 23,0%
LPT - - - 51,6% 36,0% 29,1% 28,2% 14,3% 12,5% 11,3% 14,3% 17,0% 28,0% 46,1% 73,9% 173,8%
FHT - - - 3,4% 2,5% 2,9% 2,8% 1,5% 2,3% 1,3% 1,1% 2,1% 1,9% 3,9% 5,5% 6,3%
FT - - - 14,5% 14,0% 13,8% 12,7% 12,5% 12,4% 10,3% 10,1% 10,2% 11,9% 14,6% 16,1% 14,3%
RT - - - 20,6% 18,3% 18,4% 17,3% 15,7% 15,8% 13,3% 13,1% 13,4% 17,7% 17,8% 18,5% 18,4%
GEA - - - 19,8% 16,6% 15,5% 14,6% 11,6% 12,0% 10,5% 10,5% 10,6% 12,3% 14,8% 16,3% 17,1%
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