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


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


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


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)


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


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


Business & Financial Review FY/Q4 2020

Marcus A. Ketter, CFO

Executive Summary 2020


€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


€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


GEA Group: Orders below prior year’s level but improved sequentially; EBITDA1 margin expansion from better gross margin and lower overhead costs


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


1,343 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


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


• 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


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


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


• 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


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


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


• 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


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


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


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


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


• 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


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%


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


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


Legal

Entity

(“Zebra”)

Division

Until Dec 2020 From 1 Jan 2021

LPT RT FT

LPT

A A

LPT RT FT

LPT RT FT

Exemplary


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


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


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


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


Mission 26


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


1 Before restructuring measures 2 GEA Group including additional group measures

Additional financial information for FY 2021


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



Q4 2020 EBITDA1 bridge


€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


[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


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






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%


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


Sales by Customer

Industry (L4Q)

Dairy Farming -22% 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






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%


EBIT2 25,3 32,0 26,5% 43,0 80,4 86,9%


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


Sales by Customer

Industry (L4Q)

Dairy Farming 363% 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






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%


EBIT2 6,0 8,1 34,8% 14,4 27,6 91,6%


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


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





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%


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


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






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%


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


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


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


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


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


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


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)


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%)





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%





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





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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fy/q4 2020 results

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