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engineering for a better world
Disclaimer
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%.
2 Conference Call Q3 2013 - October 31, 2013
engineering for a better world
Order IntakeEUR 1,509m
Pages 5-7, 34Organic: +6% yoyOrganic w/o GEA HX: +9% yoy
SalesEUR 1,459m
Pages 5, 6, 35Organic: +4% yoyOrganic w/o GEA HX: +6% yoy
Outlook 2013 Pages 37Sales growth and operating EBITDA excl. FX impactsCash Flow Driver Margin increased
Key Messages / Key Figures Q3 2013
3 Conference Call Q3 2013 - October 31, 2013
Operating EBIT-Margin Pages 5, 610.0%; stable yoy
Book to Bill Ratio Pages 14, 15GEA Group L4Q: 1.04
Cash Generation Capacity Pages 17, 18Further reduction of Working Capital / Sales ratio Cash Flow Driver Margin (LTM) improved to 9.4%
ROCE (LTM) Page 1619.7%; +112 bps improvement yoy
GEA Food Solutions Pages 6, 21Positive Result in Q3 2013Book to Bill Ratio >1 for first time since 2011
engineering for a better world
Agenda
4
January – September 2013
I. Key Figures
II. Performance
Backup
Performance GEA Group and Segments
Conference Call Q3 2013 - October 31, 2013
III. Outlook
engineering for a better world
1,545 1,447
1,401 1,574
1,477 1,509
2012 2013
Q3
Q2
Q1
75 73
122 129
147 145
2012 2013
Q3
Q2
Q1 5.9% 5.9%
8.8% 8.9%
10.1% 10.0%
2012 2013
Q3
Q2
Q1
1,264 1,233
1,391 1,442
1,446 1,459
2012 2013
Q3
Q2
Q1
I. Key FiguresGEA Group Q1 – Q3 2013 YoY
5 Conference Call Q3 2013 - October 31, 2013
[in EUR million]Order Intake
∆ +2%
Sales
∆∆∆∆ +1%
Operating EBIT∆∆∆∆ +1%
4,423 4,530
∆ -6%
∆ -4%
4,101 4,134
∆ -2%
∆ +1%
344 347
∆ -2%
∆ +13%
Operating EBIT-Margin∆∆∆∆ +1 bps
8.4% 8.4%
∆ +104 bps
∆ +12% ∆ +4%
∆ +5%
∆ +2%
∆ -1%
∆ +1%
∆ -18 bps
∆ +12 bps
∆ +2 bps
engineering for a better world
14 15
39 42
49 48
31 3015 14
0
2
Q3 2012 Q3 2013
GEA FS
GEA FT
GEA HX
GEA ME
GEA PE
GEA RT
200 175
469 515
245 268375 348147 15182 90
Q3 2012 Q3 2013
GEA FS
GEA FT
GEA HX
GEA ME
GEA PE
GEA RT
I. Key FiguresSegments Q3 2013
6 Conference Call Q3 2013 - October 31, 2013
1,477 1,509
∆ +9%
∆ -7%
∆ +10%
∆ -13%
∆ +2%∆ +10%
Operating EBIT Margin
[in EUR million]
∆∆∆∆ +2%Order Intake
177 185
424 441
239 247
392 381158 15790 90
Q3 2012 Q3 2013
GEA FS
GEA FT
GEA HX
GEA ME
GEA PE
GEA RT
1,446 1,459
∆ +3%
∆ -3%
∆ +4%
∆ +4%
∆ -1%
∆ 0%
∆∆∆∆ +1%Sales
147 145
∆ +9%
∆ -2%
∆ +6%
∆ -5%∆ -2%
∆∆∆∆ -1%Operating EBIT
Q3 2012 Q3 2013 ∆∆∆∆ YoY
GEA FS -0.3% 1.9% +214 bps
GEA FT 9.3% 9.2% -10 bps
GEA HX 8.0% 7.8% -14 bps
GEA ME 20.7% 19.6% -107 bps
GEA PE 9.2% 9.6% +38 bps
GEA RT 7.8% 8.0% +13 bps
GEA Group 10.1% 10.0% -18 bps
engineering for a better world
II. PerformanceOrder Intake Q3 2013
7 Conference Call Q3 2013 - October 31, 2013
Q3 2013 vs. Q3 2012
Q1-Q3 2013 vs. Q1-Q3 2012
Q3 2013 vs. Q2 2013
Order Intake previousperiod
1,477 4,423 1,574
Structural Change +3 +0.2% +18 +0.4% 0 0%
Currency Effects -58 -3.9% -97 -2.2% -20 -1.2%
Organic Development +86 +5.8% +186 +4.2% -45 -2.9%
Order Intake currentperiod
1,509 +2.2% 4,530 +2.4% 1,509 -4.1%
∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in %
[in EUR million]
engineering for a better world
Food - Dairy
North America~11 mEUR
North America~12 mEUR
North America~16 mEUR
North America~12 mEUR
North America~18 mEUR
Europe ~13 mEUR
Europe~14 mEUR
LatAM~20 mEUR
Asia-Pacific ~25 mEUR
LatAM~12 mEUR
Europe~49 mEUR
Africa~8 mEUR
Pharma
Europe~72 mEUR
Europe~42 mEUR
Europe~7 mEUR
Europe~11 mEUR
Asia-Pacific ~8 mEUR
Asia-Pacific ~8 mEUR
Asia-Pacific ~10 mEUR
Asia-Pacific ~11 mEUR
Asia-Pacific ~8 mEUR
Asia-Pacific ~15 mEUR
Asia-Pacific ~16 mEUR
Europe~8 mEUR
Asia-Pacific ~11 mEUR
Europe~10 mEUR
Europe~20 mEUR
Asia-Pacific ~11 mEUR
Africa ~14 mEUR
Middle East~17 mEUR
Asia-Pacific ~42 mEUR
II. PerformanceGEA Process Engineering: Major orders Q1-Q3 2013
Europe~42 mEUR
Food - Beverages
Food - Solid
Conference Call Q3 2013 - October 31, 20138
engineering for a better world
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2010 2011 2012 2013 YTD
Above 10 mEUR
Between 1 and 10 mEUR
Below 1 mEUR
II. PerformanceGEA Process Engineering
GEA PE is fueling up its order backlog by more large orders having longer lead time:
Orders > EUR 10m represent already more than 30% of order intake per Sept 2013
Conference Call Q3 2013 - October 31, 20139
engineering for a better world
0 100 200 300 400 500 600
Q3 12
Q4 12
Q1 13
Q2 13
Q3 13
II. Performance Regional Order Intake Trend as of Q3 2013
10 Conference Call Q3 2013 - October 31, 2013
0 400 800 1200 1600
Q3 12
Q4 12
Q1 13
Q2 13
Q3 13
0 100 200 300 400 500 600
Q3 12
Q4 12
Q1 13
Q2 13
Q3 13
0 100 200 300 400 500 600
Q3 12
Q4 12
Q1 13
Q2 13
Q3 13
0 100 200 300 400 500 600 700
Q3 12
Q4 12
Q1 13
Q2 13
Q3 13
0 100 200 300 400 500 600
Q3 12
Q4 12
Q1 13
Q2 13
Q3 13
0 100 200 300 400 500 600
Q3 12
Q4 12
Q1 13
Q2 13
Q3 13
0 100 200 300 400 500 600
Q3 12
Q4 12
Q1 13
Q2 13
Q3 13
Eastern Europe & CISWestern Europe
* LO: large orders with volume of greater than EUR 5m are illustrated at the end of the bars.
North America
Asia Pacific
∆ QoQ: -4%
w/o LO*: -7%
∆ YoY: -11%
w/o LO*: +2%
∆ QoQ: -13%
w/o LO*: -3%
∆ YoY: -7%
w/o LO*: -7%
∆ QoQ: -34%
w/o LO*: -19%
∆ YoY: -46%
w/o LO*: -31%
∆ QoQ: +15%
w/o LO*: +12%
∆ YoY: -4%
w/o LO*: +7%
∆ QoQ: +11%
w/o LO*: -10%
∆ YoY: +25%
w/o LO*: +6%
∆ QoQ: +50%
w/o LO*: -23%
∆ YoY: -2%
w/o LO*: -37%
∆ QoQ: -16%
w/o LO*: -4%
∆ YoY: +7%
w/o LO*: -3%
∆ QoQ: -4%
w/o LO*: -5%
∆ YoY: +3%
w/o LO*: -2%
[in EUR million]
Latin America
Middle EastAfrica GEA
engineering for a better world
673 739 777 767 809 879 905991 954 916
1,005 982 966 959 961 988 970
156203
210 185223
210 214231 228 241
281233 265 229 209
282224
10552
88 9569
82178
178161 183
129114 132 138 142
142142
7616
93 106146 72
63
6360
162130
72114 151 134
162173
0
200
400
600
800
1.000
1.200
1.400
1.600
Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11(w/o FS)
Q2 11(incl.FS)
Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13
OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
II. Performance Large Order Development since Q4 2009
11 Conference Call Q3 2013 - October 31, 2013
1,600
1,400
1,200
1,000
[in EUR million]
engineering for a better world
36%(35%)
24%(22%)
15%(15%)
10%(10%)
6%(7%)
5%(5%)
4%(5%)
Emerging markets* exposure: 41% (41%)
∆ abs.: +1% YoY
Sales L4Q perQ3 2013:
EUR 5,754m+0% YoY
II. Performance Regional Sales Split L4Q per Q3 2013
12 Conference Call Q3 2013 - October 31, 2013
Germany10% (10%)∆ abs.: +5% YoY
USA14% (14%)∆ abs.: +2% YoY
China 11% (10%)∆ abs.: +14% YoY
Top 3 Countries
Western Europe ∆∆∆∆ abs.: +3% YoY
Asia-Pacific ∆∆∆∆ abs.: +6% YoY
North America∆∆∆∆ abs.: +2% YoY
Latin America∆∆∆∆ abs.: -14% YoY
Eastern Europe & CIS ∆∆∆∆ abs.: -2% YoY
Middle East ∆∆∆∆ abs.: -5% YoY
Africa ∆∆∆∆ abs.: -12% YoY
* According to the definition of emerging/developing economies by International Monetary Fund.
engineering for a better world
26% 30%
11% 11%18% 17%6%
8%7%7%6%5%8% 5%3% 3%11% 11%4% 3%
Q3 2012 Q3 2013
Other Industries
Climate & Environment
Marine
Chemicals
Pharma
Power
Oil & Gas
Food - Solid
Food - Beverages
Food - Dairy
13
II. Performance Order Intake by Customer Industry since Q4 2009*
* Average last four quarters: Q1 – Q4 2009 = Index 100
∆+20%
∆-4%
∆-2%
∆ 0%
∆ 0%
∆+35%
∆-32%
∆-23%
∆-6%
∆ +14%
∆∆∆∆ +2%
1,477 1,509
Conference Call Q3 2013 - October 31, 2013
60%
80%
100%
120%
140%
160%
180%
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Food - Dairy Food - BeveragesFood - Solid GEA Group
60%
80%
100%
120%
140%
160%
180%
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Pharma Chemicals Marine GEA Group
60%
80%
100%
120%
140%
160%
180%
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Oil & Gas PowerClimate & Environment GEA Group
Food exposure:
58%
engineering for a better world
II. Performance Book to Bill Ratios by Industry/Region L4Q
14 Conference Call Q3 2013 - October 31, 2013
<= 0.8 > 0.8 and < 1.0 >= 1.2> 1.0 and < 1.2
Color code: Only cross-sections with a share of > 1% of group order intake are colored
Book to Bill categories
BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % o f OI BtB % of OI BtB % of OI
Book to bill ratio (L4Q) Q3 2013
Food - Dairy 1,45 11,9% 1,01 2,4% 1,01 5,7% 1,09 1,9% 0,65 0,5% 0,72 0,6% 1,04 5,7% 1,15 28,7%
Food - Liquid 1,03 3,1% 1,77 1,5% 1,03 1,2% 1,40 0,9% 1,00 0,6% 2,17 0,6% 1,02 3,7% 1,14 11,5%
Food - Solid 1,01 7,3% 1,07 1,8% 0,85 2,2% 0,99 1,1% 1,10 1,1% 0,81 0,6% 1,03 3,4% 0,99 17,5%
Total Food & Beverages 1,21 22,3% 1,16 5,7% 0,97 9,1% 1,12 4,0% 0,93 2,2% 0,96 1,7% 1,03 12,7% 1,09 57,8%
Oil & Gas 1,18 1,1% 0,57 0,8% 1,14 1,2% 0,78 0,4% 0,64 0,3% 1,31 0,6% 1,83 2,5% 1,11 6,9%
Power 1,01 2,3% 1,10 0,3% 1,55 1,4% 0,76 0,4% 0,52 0,5% 0,75 1,0% 0,77 1,7% 0,90 7,7%
Total Energy 1,06 3,4% 0,66 1,2% 1,34 2,5% 0,77 0,8% 0,56 0,8% 0,90 1,6% 1,18 4,2% 0,99 14,6%
Pharma 1,03 1,7% 1,35 0,5% 1,10 0,8% 1,57 0,4% 1,92 0,2% 1,51 0,2% 0,76 1,4% 1,03 5,2%
Chemicals 0,89 1,3% 0,62 0,3% 0,92 0,8% 0,76 0,3% 4,96 0,2% 0,51 0,2% 0,94 2,0% 0,87 5,1%
Marine 0,96 1,4% 0,43 0,0% 0,99 0,1% 1,60 0,1% 0,94 0,0% 1,70 0,0% 0,97 1,1% 0,97 2,8%
Climate & Environment 1,00 6,8% 0,97 1,5% 1,05 1,0% 1,26 0,3% 0,64 0,1% 1,07 0,4% 1,07 0,9% 1,01 11,0%
Other Industries 1,04 1,3% 1,83 0,4% 1,20 0,4% 0,79 0,2% 1,21 0,1% 1,27 0,2% 1,14 0,9% 1,13 3,6%
Other 0,99 12,5% 1,00 2,8% 1,04 3,1% 1,08 1,3% 1,44 0,6% 0,96 1,1% 0,94 6,3% 0,99 27,7%
Total 1,11 38,2% 1,02 9,6% 1,03 14,8% 1,05 6,1% 0,85 3,6% 0,94 4,4% 1,03 23,2% 1,04 100,0%
Latin America Africa Middle - East Asia - Pacific TotalWesternEurope
Eastern Europe & CIS
North America
Strong BtB-Ratio of 1.09 in Food driven by Europe and recovery in Asia-Pacific
engineering for a better world
2,469 2,424 2,414
2,667 2,771 2,7562,677
2,936 2,967 2,9682,752
2,950 2,919 2,927
0
500
1000
1500
2000
2500
3000
3500
Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13
Order Backlog invoicable in respective FY Order Backlog invoicable after respective FY Order Intake Sales
3,000
2,500
2,000
1,500
1,000
500
0
3,500
II. Performance Top Line Trend / Order Backlog
15 Conference Call Q3 2013 - October 31, 2013
L4Q BtB ratio
1,150
1,606
1,200
1,768
1,200
1,727
1.04 1.06 1.06 1.06 1.03 1.030.98 1.00 1.04 1.04 1.03
#
[in EUR million]
1.04
950
1,474
1.02 1.04
engineering for a better world
2,463 2,518 2,548 2,556 2,546 2,534 2,524
17.9%18.8% 18.6%
17.8%19.2% 19.6% 19.7%
0%
5%
10%
15%
20%
25%
0
500
1000
1500
2000
2500
3000
Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13
Capital Employed (average LTM) ROCE (average LTM)
II. PerformanceROCE Development*
16 Conference Call Q3 2013 - October 31, 2013
[in EUR million]
*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)
0
3,000
2,500
2,000
1,500
1,000
500
+ 112 bps yoy
engineering for a better world
657
482567 555 566
445
647707 720
577
772 764 741
533
726 752 765
17.2%16.4%
15.0%13.9%
13.1%12.4% 12.4% 12.4% 12.6% 12.6% 12.9% 13.3%
13.3%
13.2%
12.9% 12.5% 12.4%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
0
100
200
300
400
500
600
700
800
900
Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13
Working Capital Working Capital (average LTM) as % of sales (LTM)
II. PerformanceWorking Capital Development
17 Conference Call Q3 2013 - October 31, 2013
- 480 bps
[in EUR million]
Further reduction of Working Capital / Sales ratio achieved despite already low level
engineering for a better world
252299
329368
470516 542
4.5%
5.3%5.7%
6.4%
8.3%
9.0%9.4%
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
0
100
200
300
400
500
600
Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13
Cash Flow Driver (LTM) Cash Flow Driver Margin (LTM)
II. PerformanceCash Flow Driver Margin Development
18 Conference Call Q3 2013 - October 31, 2013
[in EUR million]
646542
154 -49
762713
Ø WC Q4 11-Q3 12
Ø WC Q4 12-Q3 13
Cash Flow Driver LTM per Q3 13
∆ Working CapitalLTM
CAPEX LTM per Q3 13
EBITDA LTM per Q3 13
engineering for a better world19
[in EUR million]
-515.9
-42.9
-349.7
-71.3
-122.2
-153.4
-27.7
-106.5
-16.6
646.4
-621.7
II. Performance Net Liquidity Reconciliation
Cash generation LTM: EUR ~270m
∆ +EUR 272m
Others
Taxes / Interests
Delta Working Capital
EBITDA
Net Debt 30.09.2012
Net Debt 30.09.2013
Dividend
CAPEX
Discontinued Operations
Net Debt bef. DOP, M&A and Dividend
Effect from Acquisitions
Conference Call Q3 2013 - October 31, 2013
engineering for a better world20
II. Performance Service Business per Q3 LTM
1,294
143
226202
296
224202
1,314
142
240
177
319
242194
GEA Group GEA FS* GEA FT GEA HX GEA ME GEA PE GEA RT
Service business as % of sales
Change in service sales per Q3 2013 LTM yoy: +1.5% to a total of EUR 1,314m
Share of service sales per Q3 2013 LTM: 22.8 % (LTM Q3 2012: 22.6 %)
40%
∆∆∆∆ +2%
∆∆∆∆ +6%∆∆∆∆ -4%
%
42%23% 23%
40% 12% 12%
33% 33%
13% 14%30% 27%
∆∆∆∆ +8%
∆∆∆∆ +8%∆∆∆∆ -13%
38%
Conference Call Q3 2013 - October 31, 2013
[in EUR million]
LTM Sept 2012 LTM Sept 2013
∆∆∆∆ -1%
* Calculated w/o one-time POC-related accounting adjustments of EUR 42m (in the denominator) in Q1 2012.
engineering for a better world
II. PerformanceGEA Food Solutions
21 Conference Call Q3 2013 - October 31, 2013
Order Intake by Customer Industry Order Intake by Region
[in EUR million]
Order Intake
Q32012
Q32013
∆
(%)
81.7 89.5 +9.5
thereof organic: +11.8
Sales
Q32012
Q32013
∆
(%)
90.1 89.8 -0.3
thereof organic: +1.7
Operating EBIT*
Q32012
Q32013
∆
(%)
-0.2 1.7 n.a.
Operating EBIT* Margin (%)
Q32012
Q32013
∆
(bps)
-0.3 1.9 +214
100%100%
Q3 2012 Q3 2013
Food &Beverages
47% 43%
9%20%
17%
13%13%
11%8%
10%6%
2%1%
1%
Q3 2012 Q3 2013
Africa
Middle - East
Latin America
Eastern Europe& CIS
North America
Asia - Pacific
Western Europe
∆ +10%
∆ +2%
∆ +141%
∆ -17%
∆ -5%
∆ +8%∆ -59%∆ +37%
* Before non-recurring items of EUR 6.2m in Q3 2012.
engineering for a better world
II. PerformanceGEA Food Solutions
22 Conference Call Q3 2013 - October 31, 2013
73 71 77 77 74 6784
71 67 69
17 13
3520 22
15
10
4 14 13
148
8 8
0
20
40
60
80
100
120
140
Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
Quarterly Large Order Development
[in EUR million]
* As reported in statements, after 42m POC-related accounting adjustments in 2012.
** Before non-recurring items of EUR 45.6m in Q1-Q3 2012.
Order Intake
Q1-Q32012
Q1-Q32013
∆
(%)
274.9 254.9 -7.3
thereof organic: -6.4
Sales*
Q1-Q32012
Q1-Q32013
∆
(%)
244.4 262.9 +7.6
thereof organic: +8.5
Operating EBIT**
Q1-Q32012
Q1-Q32013
∆
(%)
-7.8 -4.7 +39.6
Operating EBIT** Margin (%)
Q1-Q32012
Q1-Q32013
∆
(bps)
-3.2 -1.8 +139
engineering for a better world
II. PerformanceGEA Farm Technologies
23 Conference Call Q3 2013 - October 31, 2013
Order Intake by Customer Industry Order Intake by Region
[in EUR million]
34% 34%
32% 33%
20% 17%
7% 10%7% 6%
1%
Q3 2012 Q3 2013
Africa
Latin America
Asia - Pacific
Eastern Europe& CIS
North America
Western Europe
100% 100%
Q3 2012 Q3 2013
Food &Beverages ∆ +2%
∆ +3%
∆ +5%
∆ -6%∆ +33%
∆ -12%
Order Intake
Q32012
Q32013
∆
(%)
147.4 150.7 +2.2
thereof organic: +4.9
Sales
Q32012
Q32013
∆
(%)
157.8 156.9 -0.6
thereof organic: 0.0
Operating EBIT
Q32012
Q32013
∆
(%)
14.7 14.4 -1.7
Operating EBIT Margin (%)
Q32012
Q32013
∆
(bps)
9.3 9.2 -10
∆ n.a.
engineering for a better world
II. PerformanceGEA Farm Technologies
24 Conference Call Q3 2013 - October 31, 2013
Quarterly Large Order Development
[in EUR million]
101 94 99 100116 115 116 126 130 140 129
147 144 146 143 139 151 149
11
3
1 1 15 2
0
20
40
60
80
100
120
140
160
180
Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
Order Intake
Q1-Q32012
Q1-Q32013
∆
(%)
441.2 445.1 +0.9
thereof organic: +0.5
Sales
Q1-Q32012
Q1-Q32013
∆
(%)
408.6 401.5 -1.7
thereof organic: -2.9
Operating EBIT
Q1-Q32012
Q1-Q32013
∆
(%)
24.8 20.1 -19.0
Operating EBIT Margin (%)
Q1-Q32012
Q1-Q32013
∆
(bps)
6.1 5.0 -107
engineering for a better world
II. PerformanceGEA Heat Exchangers
25 Conference Call Q3 2013 - October 31, 2013
Order Intake by Region
[in EUR million]
37% 36%
23% 27%
19% 17%
6% 7%5% 5%3% 4%
7% 5%
Q3 2012 Q3 2013
Other Industries
Marine
Food &BeveragesChemicals
Oil & Gas
Power
Climate &Environment
47% 44%
11% 16%
16% 14%
11% 12%
8% 9%3% 3%4% 2%
Q3 2012 Q3 2013
Africa
Latin America
North America
Middle - East
Eastern Europe &CISAsia - Pacific
Western Europe∆ -7%
∆ +14%
∆ +14%∆ -9%∆ +9%∆ -32%
∆ -10%
∆ +48%
∆ -15%
∆ +13%
∆ -59%∆ -22%∆ +2%
∆ -13%
Order Intake*
Q32012
Q32013
∆
(%)
375.1 348.1 -7.2
thereof organic: -4.5
Sales
Q32012
Q32013
∆
(%)
392.1 380.8 -2.9
thereof organic: +0.3
Operating EBIT
Q32012
Q32013
∆
(%)
31.3 29.9 -4.6
Operating EBIT Margin (%)
Q32012
Q32013
∆
(bps)
8.0 7.8 -14
Order Intake by Customer Industry
* Organic growth +3.2% yoy excl. large projects received in Q3 2012 but suspended later.
engineering for a better world
II. PerformanceGEA Heat Exchangers
26 Conference Call Q3 2013 - October 31, 2013
Quarterly Large Order Development
[in EUR million]
Order Intake*
Q1-Q32012
Q1-Q32013
∆
(%)
1,160.2 1,073.5 -7.5
thereof organic: -5.8
Sales
Q1-Q32012
Q1-Q32013
∆
(%)
1,186.1 1,084.8 -8.5
thereof organic: -6.6
Operating EBIT
Q1-Q32012
Q1-Q32013
∆
(%)
82.9 75.2 -9.3
Operating EBIT Margin (%)
Q1-Q32012
Q1-Q32013
∆
(bps)
7.0 6.9 -6
252 226 212250 266 256 239
290 294 276 254 281 272 274225
261 276 253
3948 47
4052 46 74
37 47 6133
62 66 45
5465 48
5727
7 2714
27 30 718
42 3272
33 128
3112 40
1021 8415
53 73 80 31
63 10430
28 4939
24 29
0
50
100
150
200
250
300
350
400
450
500
Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
* Organic growth -3.5% yoy excl. large projects received in Q3 2012 but suspended later.
engineering for a better world
II. PerformanceGEA Mechanical Equipment
27 Conference Call Q3 2013 - October 31, 2013
Order Intake by Region
[in EUR million]
54% 51%
4%15%12%
13%5%
6%8%
5%6%
5%10%
4%1% 2%
Q3 2012 Q3 2013
Other Industries
Power
Climate &EnvironmentChemicals
Pharma
Marine
Oil & Gas
Food &Beverages
26%38%
29%
31%19%
16%9%
7%
5%
4%11%
2%2% 2%
Q3 2012 Q3 2013
Africa
Middle - East
Eastern Europe& CIS
Latin America
North America
Western Europe
Asia - Pacific
∆ +2%
∆ +291%
∆ +24%∆ -35% ∆ -20%
∆ +15%
∆ +55%
∆ +13%
∆ -6%
∆ -7%∆ -16%∆ -77%∆ +8%∆ +165%
∆ -59%
Order Intake
Q32012
Q32013
∆
(%)
245.4 268.2 +9.3
thereof organic: +13.3
Sales
Q32012
Q32013
∆
(%)
238.5 246.5 +3.4
thereof organic: +7.0
Operating EBIT
Q32012
Q32013
∆
(%)
49.4 48.4 -2.0
Operating EBIT Margin (%)
Q32012
Q32013
∆
(bps)
20.7 19.6 -107
Order Intake by Customer Industry
engineering for a better world
II. PerformanceGEA Mechanical Equipment
28 Conference Call Q3 2013 - October 31, 2013
Quarterly Large Order Development
[in EUR million]
Order Intake
Q1-Q32012
Q1-Q32013
∆
(%)
717.3 778.9 +8.6
thereof organic: +10.0
Sales
Q1-Q32012
Q1-Q32013
∆
(%)
672.7 705.5 +4.9
thereof organic: +6.1
Operating EBIT
Q1-Q32012
Q1-Q32013
∆
(%)
126.2 129.5 +2.6
Operating EBIT Margin (%)
Q1-Q32012
Q1-Q32013
∆
(bps)
18.8 18.4 -41
138 143 143167
188167 179 199 193 199 189
214 206 204 205 218 233 232
17 15 135
612 3
20 29 1815
19 20 29 1614
24 19
7 1313
9 56
7 12 53317 18
0
50
100
150
200
250
300
Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
engineering for a better world
II. PerformanceGEA Process Engineering
29 Conference Call Q3 2013 - October 31, 2013
Order Intake by Region
[in EUR million]
66%77%
16%
10%11%
7%1%
3%3%
2%2%
1%
Q3 2012 Q3 2013
Other Industries
Climate &Environment
Oil & Gas
Chemicals
Pharma
Food &Beverages
41% 41%
25%32%
5%
9%
3%
6%
12%
6%10%
3%4%3%
Q3 2012 Q3 2013
Latin America
Africa
North America
Middle - East
Eastern Europe& CIS
Western Europe
Asia - Pacific
∆ +27%
∆ -30%∆ -36%∆ +358%∆ -37%
∆ +9%
∆ +38%
∆ +122%∆ +123%∆ -49%∆ -63%∆ -22%
Order Intake
Q32012
Q32013
∆
(%)
468.5 515.2 +10.0
thereof organic: +14.2
Sales
Q32012
Q32013
∆
(%)
423.6 441.3 +4.2
thereof organic: +8.5
Operating EBIT
Q32012
Q32013
∆
(%)
39.1 42.4 +8.5
Operating EBIT Margin (%)
Q32012
Q32013
∆
(bps)
9.2 9.6 +38
Order Intake by Customer Industry
∆ -41%
engineering for a better world
II. PerformanceGEA Process Engineering
30 Conference Call Q3 2013 - October 31, 2013
Quarterly Large Order Development
[in EUR million]
Order Intake
Q1-Q32012
Q1-Q32013
∆
(%)
1,381.0 1,566.4 +13.4
thereof organic: +15.9
Sales
Q1-Q32012
Q1-Q32013
∆
(%)
1,198.0 1,271.3 +6.1
thereof organic: +8.4
Operating EBIT
Q1-Q32012
Q1-Q32013
∆
(%)
91.4 109.3 +19.6
Operating EBIT Margin (%)
Q1-Q32012
Q1-Q32013
∆
(bps)
7.6 8.6 +97
121 119 140 138 117 136 177 169 178 167 159 186 175 170 197 174 170 166
49 6680
143121 110
119 133 122 116 121144
107 132 100104
1559879 52
55
3861 43
58 59127
90 11182
75101 94 126
82124
6017
6016 40 33
66 4160 58
100
44
65 79 78162
127
0
100
200
300
400
500
600
Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
engineering for a better world
II. PerformanceGEA Refrigeration Technologies
31 Conference Call Q3 2013 - October 31, 2013
[in EUR million]
Order Intake
Q32012
Q32013
∆
(%)
200.1 174.9 -12.6
thereof organic: -8.2
Sales
Q32012
Q32013
∆
(%)
177.0 184.8 +4.4
thereof organic: +8.9
Operating EBIT
Q32012
Q32013
∆
(%)
13.8 14.7 +6.2
Operating EBIT Margin (%)
Q32012
Q32013
∆
(bps)
7.8 8.0 +13
Order Intake by Region
65%58%
4%
10%
6%8%
11%
5%
14%
19%
Q3 2012 Q3 2013
Other Industries
Chemicals
Oil & Gas
Climate &Environment
Food &Beverages
40% 42%
12% 15%
9% 14%
22% 13%
11%10%
2%
3%
4%
3%
Q3 2012 Q3 2013
Middle - East
Latin America
Africa
Eastern Europe &CIS
North America
Asia - Pacific
Western Europe
∆ -21%
∆ +136%
∆ -61%
∆ +27%
∆ -6%
∆ +12%
∆ +35%
∆ -48%
∆ -39%∆ +57%∆ -17%
∆ +25%
Order Intake by Customer Industry
engineering for a better world
II. PerformanceGEA Refrigeration Technologies
32 Conference Call Q3 2013 - October 31, 2013
Quarterly Large Order Development
[in EUR million]
Order Intake
Q1-Q32012
Q1-Q32013
∆
(%)
558.4 534.0 -4.4
thereof organic: -1.7
Sales
Q1-Q32012
Q1-Q32013
∆
(%)
491.8 526.0 +7.0
thereof organic: +9.6
Operating EBIT
Q1-Q32012
Q1-Q32013
∆
(%)
33.7 36.4 +8.0
Operating EBIT Margin (%)
Q1-Q32012
Q1-Q32013
∆
(bps)
6.8 6.9 +6
110 105 105 113 121 122 120 128145
126 135 140 139 146 142 140 134 139
1710 16 14
30 17 27 1917
2035 29 22
44 5022 35 35
1510
10 5 6 198 20
10 61216
0
50
100
150
200
250
Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13OI < EUR 1m OI >= EUR 1m < EUR 5m OI >= EUR 5m < EUR 15m OI >= EUR 15m
engineering for a better world
II. PerformanceGEA Refrigeration Technologies / GEA Bock
Conference Call Q3 2013 - October 31, 201333
Performance of GEA Bock better than management expectat ion
GEA BockManagement
expectation beforeBock acquisition
Q1-Q3 2013
Sales growth expectations +4% CAGR ~ +14% yoy
Operating EBIT-margin expectations 12% in FY 2013 > 12%
engineering for a better world
II. PerformanceOrganic Growth GEA core business (w/o HX) Q3 2013
34 Conference Call Q3 2013 - October 31, 2013
∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in %
Organic growth Q3 2013 yoy Q1-Q3 2013 yoy
Order IntakeGEA core business
+9.4% +7.7%
SalesGEA core business
+5.9% +6.2%
engineering for a better world35 Conference Call Q3 2013 - October 31, 2013
Q3 2013 vs. Q3 2012
Q1-Q3 2013 vs. Q1-Q3 2012
Q3 2013 vs. Q2 2013
Salesprevious period
1,446 4,101 1,442
Structural Change +6 +0.4% +20 +0.5% 0 0%
Currency Effects -56 -3.8% -89 -2.2% -19 -1.3%
Organic Development +64 +4.4% +102 +2.5% +36 +2.5%
Salescurrent period
1,459 +1.0% 4,134 +0.8% 1,459 +1.2%
∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in %
[in EUR million]
II. PerformanceSales Q3 2013
engineering for a better world
II. PerformanceOperating EBIT Q3 2013
36 Conference Call Q3 2013 - October 31, 2013
Q3 2013 vs. Q3 2012
Q1-Q3 2013 vs. Q1-Q3 2012
Q3 2013 vs. Q2 2013
Operating EBIT previous period
146.7 344.0 128.6
Structural Change +0.4 +0.3% +2.4 +0.7% 0 0%
Currency Effects -4.2 -2.9% -5.3 -1.5% -1.9 -1.5%
Organic Development +2.6 +1.8% +6.1 +1.8% +18.8 +14.6%
Operating EBIT current period
145.5 -0.9% 347.2 +0.9% 145.5 +13.1%
∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in %
[in EUR million]
engineering for a better world
III. OutlookKey Figures FY 2013
37 Conference Call Q3 2013 - October 31, 2013
Sales: moderate organic growth
Calculation Cash Flow Driver Margin:
EBITDA – Capex - / + ∆ Working Capital (LTM)Sales Sales Sales
EBITDA*: around EUR 700m*
Assuming constant currency exchange rates versus FY 2012 we are aiming at the following in the current fiscal year
Cash Flow Driver Margin*: around 9%*
* These figures do not include costs relating to th e strategy and portfolio project in the lower double digit millions, resulting in particular from portfolio decision on June 20, 2013.
engineering for a better world
III. OutlookAdditional Financial Information for 2013
38 Conference Call Q3 2013 - October 31, 2013
Impact from PPA in 2013 and in around EUR 25m p.a.subsequent years: thereof GEA FS around EUR 14m p.a.
Sustainable capex level: around 2.0% of sales
Working Capital LTM: approx. 12% - 14% of sales LTM
Interest result: interest rate for financial liabilities(excl. pensions) below 4% p.a.
Dividend policy: around 1/3 of net income
Depreciation & amortization: amounted to around EUR 145m in FY 2012
engineering for a better world
Investor Relations CalendarUpcoming Roadshows and Conferences
39 Conference Call Q3 2013 - October 31, 2013
November 6, 2013 Roadshow UK London
November 5, 2013 Roadshow France Paris
November 7, 2013 Roadshow Nordic Region Stockholm
November 7, 2013 Conference Germany Peine
November 21, 2013 Roadshow Austria Vienna
November 12, 2013 Conference Germany Frankfurt
November 13, 2013 Conference UK London
November 27-28, 2013 Roadshow/Conference Switzerland Geneva, Zurich
December 3-4, 2013 Roadshow/Conference UK London
engineering for a better world
Financial Calendar
40 Conference Call Q3 2013 - October 31, 2013
February 6, 2014 Preliminary FY 2013
March 7, 2014 Annual Report FY 2013
April 16, 2014 Annual General Meeting
May 6, 2014 Interim Report Q1 2014
July 28, 2014 Interim Report Q2 2014
October 28, 2014 Interim Report Q3 2014
engineering for a better world
Agenda
42 Conference Call Q3 2013 - October 31, 2013
January – September 2013
I. Key Figures
II. Performance
Backup
Performance GEA Group and Segments
III. Outlook
engineering for a better world
833
806
784
1,278
1,323
1,338
683
730
725
688
647
632
741
752
765
Backup: Performance GEA GroupWorking Capital Development
43 Conference Call Q3 2013 - October 31, 2013
TradeReceivables Inventories
Trade Payables
AdvancePayments
Working Capital
Q2 2013
Q3 2013
====
====+15
+1%
-22
-3%
-5
-1%
-15
-2%
+13
+2%
Q3 2012 ====+44
+3%
-27
-3%
+47
+7%
-41
-6%
+11
+1%
_
_
_
[in EUR million]
engineering for a better world
Backup: Performance GEA GroupFX Development
44 Conference Call Q3 2013 - October 31, 2013
Country Currency 1.1.12 - 31.12.12 avg. 1.1.13 - 30.9. 13 avg. Delta % 1.1.12 - 30.9.12 avg. 1.1.13 - 30.9.13 avg. Delta %
USA USD 1,285 1,317 -2,5% 1,281 1,317 -2,8%
China CNY 8,105 8,123 -0,2% 8,106 8,123 -0,2%
Neuseeland NZD 1,587 1,613 -1,6% 1,591 1,613 -1,4%
Großbritannien GBP 0,811 0,852 -4,8% 0,812 0,852 -4,7%
Singapur SGD 1,605 1,649 -2,6% 1,612 1,649 -2,2%
Hongkong HKD 9,965 10,218 -2,5% 9,938 10,218 -2,7%
Kanada CAD 1,284 1,349 -4,8% 1,284 1,349 -4,8%
Japan JPY 102,456 127,380 -19,6% 101,615 127,380 -20,2%
Australien AUD 1,241 1,348 -8,0% 1,238 1,348 -8,2%
Schweiz CHF 1,205 1,232 -2,1% 1,204 1,232 -2,2%
Phillippinen PHP 54,246 55,447 -2,2% 54,533 55,447 -1,6%
Thailand THB 39,926 40,052 -0,3% 39,977 40,052 -0,2%
Norwegen NOK 7,475 7,662 -2,4% 7,511 7,662 -2,0%
Dänemark DKK 7,444 7,457 -0,2% 7,439 7,457 -0,3%
Rußland RUB 39,924 41,682 -4,2% 39,799 41,682 -4,5%
Argentinien ARS 5,847 6,954 -15,9% 5,718 6,954 -17,8%
Mexiko MXN 16,902 16,706 1,2% 16,944 16,706 1,4%
Tschechien CZK 25,149 25,752 -2,3% 25,143 25,752 -2,4%
Türkei TRY 2,313 2,460 -6,0% 2,309 2,460 -6,1%
Indien INR 68,581 75,760 -9,5% 68,062 75,760 -10,2%
Polen PLN 4,185 4,202 -0,4% 4,209 4,202 0,2%
Brasilien BRL 2,507 2,793 -10,2% 2,456 2,793 -12,1%
Südafrika ZAR 10,548 12,501 -15,6% 10,309 12,501 -17,5%
engineering for a better world
Backup: Performance GEA Group & SegmentsKey Figures Time Line (1/5)
Conference Call Q3 2013 - October 31, 201345
Order Intake[in EUR million]
Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010
GEA Food Solutions1) 95.1 116.4 100.5 85.7 397.7 75.6 101.2 81.6 95.5 353.9 115.5 94.5 100.7 98.9 409.6GEA Farm Technologies 123.5 120.5 137.0 116.0 497.1 94.9 101.2 94.9 98.6 389.6 101.1 116.1 115.0 116.3 448.5GEA Heat Exchangers 485.0 416.4 389.1 431.4 1,721.9 413.6 338.9 365.0 301.3 1,418.7 304.4 398.3 404.1 399.2 1,506.0GEA Mechanical Equipment 257.4 258.0 237.0 177.0 929.4 194.9 162.2 158.6 169.4 685.1 172.0 194.7 191.9 181.8 740.4GEA Process Engineering 367.3 355.4 346.4 264.4 1,333.6 251.0 308.7 254.0 334.6 1,148.3 335.7 339.0 321.7 419.7 1,416.1GEA Refrigeration Technologies 174.1 152.3 144.2 143.3 613.9 138.9 143.2 114.3 130.3 526.6 127.5 150.6 148.9 152.5 579.6
GEA Group 1,374.3 1,272.7 1,223.5 1,113.3 4,983.9 1,072.5 1,036.0 962.3 1,009.9 4,080.7 1,010.2 1,167.3 1,152.6 1,247.8 4,578.0
Order Backlog[in EUR million]
Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010
GEA Food Solutions1) n.a. n.a. n.a. 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 Farm Technologies 107.8 106.0 111.1 77.5 77.5 86.0 89.5 77.2 61.5 61.5 77.1 89.4 80.6 63.1 63.1 GEA Heat Exchangers 1,348.3 1,344.1 1,291.7 1,172.1 1,172.1 1,203.6 1,165.3 1,142.6 1,008.6 1,008.6 1,006.7 1,061.1 1,071.3 1,086.9 1,086.9 GEA Mechanical Equipment 290.8 357.5 376.5 338.0 338.0 325.6 303.5 285.2 280.8 280.8 298.3 319.1 306.1 284.1 284.1 GEA Process Engineering 850.7 830.9 826.6 666.2 666.2 651.5 658.2 627.9 660.2 660.2 757.6 821.2 788.9 813.0 813.0 GEA Refrigeration Technologies 241.9 235.5 236.8 204.1 204.1 222.4 231.7 196.7 169.9 169.9 183.8 203.9 205.9 183.8 183.8
GEA Group 2,822.6 2,857.8 2,823.8 2,450.7 2,450.7 2,476.2 2,435.3 2,312.2 2,164.1 2,164.1 2,301.1 2,468.5 2,423.7 2,414.0 2,414.0
Sales[in EUR million]
Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010
GEA Food Solutions1) 91.8 99.1 98.5 104.8 394.2 89.0 79.8 82.8 82.5 334.1 101.0 99.8 93.1 103.7 397.6GEA Farm Technologies 94.9 123.9 138.5 147.1 504.5 86.6 98.5 112.0 114.7 411.8 85.4 106.6 119.8 134.9 446.7GEA Heat Exchangers 398.7 449.8 481.7 529.0 1,859.2 387.0 421.2 372.0 443.1 1,623.4 340.9 370.8 361.6 410.1 1,483.4GEA Mechanical Equipment 196.9 190.7 210.9 211.2 809.7 200.0 179.9 163.8 174.0 717.5 156.7 173.7 193.1 201.9 725.4GEA Process Engineering 328.2 395.8 364.5 398.9 1,487.4 270.7 281.9 278.1 313.2 1,144.0 256.9 298.5 330.9 402.2 1,288.5GEA Refrigeration Technologies 132.5 159.3 142.9 175.9 610.6 122.3 136.9 148.2 158.2 565.6 117.4 135.3 139.7 171.3 563.7
GEA Group 1,127.2 1,295.8 1,318.0 1,438.0 5,179.0 1,054.5 1,103.9 1,060.8 1,191.9 4,411.2 938.2 1,065.1 1,124.7 1,290.4 4,418.4
EBITDA reported[in EUR million]
Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010
GEA Food Solutions1) -4.5 7.0 9.4 7.6 19.4 -2.9 4.9 7.0 6.4 15.5 13.5 10.3 5.5 6.8 36.2GEA Farm Technologies 6.0 13.6 21.3 21.5 62.3 0.8 6.0 10.2 5.9 23.0 3.8 5.7 11.7 13.1 34.3GEA Heat Exchangers 42.6 55.7 65.2 79.8 243.2 35.5 30.7 35.2 59.4 160.8 32.1 23.4 18.7 15.2 89.4GEA Mechanical Equipment 30.1 32.9 32.8 43.5 139.3 26.7 23.1 26.6 27.1 103.5 24.8 25.3 28.9 45.2 124.1GEA Process Engineering 12.1 26.1 28.0 47.0 113.2 10.2 14.0 11.2 30.9 66.4 14.7 19.8 22.8 48.1 105.4GEA Refrigeration Technologies 7.7 11.9 11.7 16.9 48.1 4.0 8.1 3.9 6.6 22.5 3.7 7.5 7.1 2.6 21.0
GEA Group 94.5 138.6 152.7 200.1 585.9 76.7 82.3 87.9 121.8 368.7 76.8 83.3 86.7 118.9 365.7
EBITDA-Margin reported[in %]
Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010
GEA Food Solutions1) -4.9% 7.1% 9.5% 7.2% 4.9% -3.2% 6.2% 8.4% 7.8% 4.6% 13.4% 10.3% 5.9% 6.6% 9.1%GEA Farm Technologies 6.3% 11.0% 15.4% 14.6% 12.4% 0.9% 6.1% 9.1% 5.2% 5.6% 4.4% 5.4% 9.8% 9.7% 7.7%GEA Heat Exchangers 10.7% 12.4% 13.5% 15.1% 13.1% 9.2% 7.3% 9.5% 13.4% 9.9% 9.4% 6.3% 5.2% 3.7% 6.0%GEA Mechanical Equipment 15.3% 17.3% 15.5% 20.6% 17.2% 13.4% 12.8% 16.2% 15.6% 14.4% 15.8% 14.6% 14.9% 22.4% 17.1%GEA Process Engineering 3.7% 6.6% 7.7% 11.8% 7.6% 3.8% 5.0% 4.0% 9.9% 5.8% 5.7% 6.6% 6.9% 12.0% 8.2%GEA Refrigeration Technologies 5.8% 7.5% 8.2% 9.6% 7.9% 3.3% 5.9% 2.6% 4.2% 4.0% 3.2% 5.5% 5.1% 1.5% 3.7%
GEA Group 8.4% 10.7% 11.6% 13.9% 11.3% 7.3% 7.5% 8.3% 10.2% 8.4% 8.2% 7.8% 7.7% 9.2% 8.3%
engineering for a better world
Backup: Performance GEA Group & SegmentsKey Figures Time Line (2/5)
Conference Call Q3 2013 - October 31, 201346
Order Intake[in EUR million]
Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13
GEA Food Solutions1) 125,5 102,3 107,9 119,6 329,8 97,4 95,8 81,7 101,0 375,9 75,8 89,6 89,5 GEA Farm Technologies 125,9 129,5 140,3 131,7 527,4 148,1 145,7 147,4 142,6 583,9 138,8 155,7 150,7 GEA Heat Exchangers 375,5 445,6 369,8 462,3 1.653,2 406,1 379,0 375,1 349,7 1.509,8 361,9 363,5 348,1 GEA Mechanical Equipment 219,2 230,1 221,6 203,9 874,9 238,7 233,2 245,4 254,6 971,9 253,9 256,8 268,2 GEA Process Engineering 401,5 426,2 433,3 449,0 1.709,9 511,3 401,2 468,5 469,2 1.850,2 481,3 570,0 515,2 GEA Refrigeration Technologies 152,7 162,8 164,8 170,1 650,4 177,9 180,4 200,1 197,8 756,2 177,9 181,2 174,9
GEA Group 1.242,1 1.462,5 1.402,8 1.502,2 5.609,7 1.544,9 1.401,0 1.477,3 1.477,9 5.901,1 1.447,1 1.574,0 1.509,2
Order Backlog[in EUR million]
Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13
GEA Food Solutions1) 104,4 109,2 105,0 85,5 85,5 122,8 111,2 97,4 107,3 107,3 95,5 90,7 89,0 GEA Farm Technologies 85,4 92,5 93,9 74,4 74,4 104,5 117,3 107,1 79,9 79,9 107,8 120,9 112,2 GEA Heat Exchangers 1.092,5 1.135,4 1.063,5 1.086,0 1.086,0 1.103,2 1.074,1 1.045,5 933,3 933,3 979,3 846,5 799,5 GEA Mechanical Equipment 304,1 322,0 340,9 309,7 309,7 323,7 341,7 345,1 331,1 331,1 347,1 355,8 367,8 GEA Process Engineering 888,2 927,4 972,2 951,2 951,2 1.082,3 1.104,5 1.142,5 1.069,6 1.069,6 1.164,2 1.269,5 1.334,9 GEA Refrigeration Technologies 210,4 206,6 206,1 197,0 197,0 224,4 245,8 265,4 257,0 257,0 283,6 268,8 253,1
GEA Group 2.666,6 2.770,6 2.755,7 2.677,3 2.677,3 2.935,6 2.967,4 2.967,8 2.751,6 2.751,6 2.950,0 2.919,1 2.926,5
Sales[in EUR million]
Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13
GEA Food Solutions1) 112,9 103,3 112,1 130,6 346,0 52,7 101,6 90,1 88,0 332,4 79,7 93,4 89,8 GEA Farm Technologies 99,6 118,3 138,1 153,8 509,8 117,8 133,1 157,8 172,3 580,9 110,8 133,8 156,9 GEA Heat Exchangers 338,1 390,9 424,2 463,6 1.616,8 389,7 404,3 392,1 422,7 1.608,8 318,1 385,9 380,8 GEA Mechanical Equipment 191,6 207,8 204,9 240,4 844,7 216,7 217,6 238,5 261,2 933,9 218,5 240,5 246,5 GEA Process Engineering 300,8 385,1 394,7 496,6 1.577,2 373,2 401,2 423,6 518,3 1.716,3 394,3 435,6 441,3 GEA Refrigeration Technologies 132,8 166,6 166,2 181,6 647,2 149,5 165,2 177,0 203,1 694,8 152,1 189,2 184,8
GEA Group 1.038,0 1.349,0 1.397,4 1.632,2 5.416,5 1.263,7 1.391,3 1.445,6 1.619,6 5.720,1 1.232,7 1.441,9 1.459,5
EBITDA reported[in EUR million]
Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13
GEA Food Solutions1) 6,2 -13,2 8,6 12,0 7,4 -43,1 -0,8 -4,8 -20,7 -69,4 -4,0 0,9 3,5GEA Farm Technologies 5,0 8,4 15,0 16,8 45,2 5,0 11,2 17,8 24,2 58,2 2,8 8,5 17,6 GEA Heat Exchangers 29,5 35,3 46,9 48,6 160,3 32,6 35,9 37,5 61,5 167,5 26,0 36,3 38,4 GEA Mechanical Equipment 32,7 44,6 43,5 57,9 178,7 40,1 44,3 53,1 66,8 204,3 42,6 47,3 53,3 GEA Process Engineering 20,0 31,2 38,6 73,4 163,2 20,1 39,4 42,7 75,9 178,1 29,4 45,0 46,3 GEA Refrigeration Technologies 8,9 14,3 14,1 21,7 59,0 11,0 13,4 16,0 24,9 65,2 9,6 16,8 17,1
GEA Group 91,9 116,0 167,4 234,9 610,2 64,7 142,4 162,9 226,9 597,0 98,1 152,4 168,9
EBITDA-Margin reported[in %]
Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13
GEA Food Solutions1) 5,5% -12,8% 7,7% 9,2% 2,1% -81,8% -0,7% -5,3% -23,5% -20,9% -5,1% 1,0% 3,9%GEA Farm Technologies 5,0% 7,1% 10,8% 10,9% 8,9% 4,2% 8,5% 11,3% 14,1% 10,0% 2,5% 6,4% 11,2%GEA Heat Exchangers 8,7% 9,0% 11,1% 10,5% 9,9% 8,4% 8,9% 9,6% 14,5% 10,4% 8,2% 9,4% 10,1%GEA Mechanical Equipment 17,1% 21,5% 21,2% 24,1% 21,2% 18,5% 20,4% 22,3% 25,6% 21,9% 19,5% 19,7% 21,6%GEA Process Engineering 6,6% 8,1% 9,8% 14,8% 10,3% 5,4% 9,8% 10,1% 14,6% 10,4% 7,5% 10,3% 10,5%GEA Refrigeration Technologies 6,7% 8,6% 8,5% 12,0% 9,1% 7,3% 8,1% 9,0% 12,2% 9,4% 6,3% 8,9% 9,3%
GEA Group 8,9% 8,6% 12,0% 14,4% 11,3% 5,1% 10,2% 11,3% 14,0% 10,4% 8,0% 10,6% 11,6%
engineering for a better world47
Backup: Performance GEA Group & SegmentsKey Figures Time Line (3/5)
Conference Call Q3 2013 - October 31, 2013
EBIT before PPA & non-recurring items[in EUR million]
Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010
GEA Food Solutions1) -8.6 3.4 6.1 4.4 5.3 -8.2 1.5 3.7 3.4 0.4 9.5 7.0 1.6 3.1 21.2GEA Farm Technologies 4.3 11.9 19.5 19.5 55.2 -1.3 6.0 8.6 7.0 20.3 1.0 3.1 8.8 13.4 26.3GEA Heat Exchangers 36.5 49.3 58.4 72.3 216.6 28.5 29.8 37.0 49.0 144.3 24.5 25.1 29.2 40.0 118.8GEA Mechanical Equipment 27.2 29.9 29.6 39.7 126.4 23.3 19.4 24.7 32.8 100.2 20.8 22.8 33.6 39.7 117.0GEA Process Engineering 9.5 23.5 25.2 43.6 101.8 8.0 14.2 18.0 35.5 75.7 11.5 17.2 19.8 44.7 93.2GEA Refrigeration Technologies 5.9 10.0 9.9 15.4 41.2 2.5 6.6 3.1 8.9 21.1 1.9 6.3 7.3 13.9 29.4GEA Group 77.1 120.6 133.6 179.1 510.4 57.9 73.3 89.4 121.4 341.9 54.4 73.6 94.5 144.3 366.8
EBIT-Margin before PPA & non-recurring items[in %]
Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010
GEA Food Solutions1) -9.4% 3.4% 6.2% 4.2% 1.3% -9.2% 1.9% 4.5% 4.1% 0.1% 9.4% 7.0% 1.7% 3.0% 5.3%GEA Farm Technologies 4.6% 9.6% 14.1% 13.2% 10.9% -1.5% 6.1% 7.6% 6.1% 4.9% 1.2% 2.9% 7.4% 9.9% 5.9%GEA Heat Exchangers 9.2% 11.0% 12.1% 13.7% 11.7% 7.4% 7.1% 9.9% 11.1% 8.9% 7.2% 6.8% 8.1% 9.8% 8.0%GEA Mechanical Equipment 13.8% 15.7% 14.0% 18.8% 15.6% 11.6% 10.8% 15.1% 18.8% 14.0% 13.3% 13.1% 17.4% 19.7% 16.1%GEA Process Engineering 2.9% 5.9% 6.9% 10.9% 6.8% 3.0% 5.0% 6.5% 11.3% 6.6% 4.5% 5.8% 6.0% 11.1% 7.2%GEA Refrigeration Technologies 4.5% 6.3% 6.9% 8.7% 6.8% 2.0% 4.8% 2.1% 5.6% 3.7% 1.6% 4.6% 5.3% 8.1% 5.2%GEA Group 6.8% 9.3% 10.1% 12.5% 9.9% 5.5% 6.6% 8.4% 10.2% 7.8% 5.8% 6.9% 8.4% 11.2% 8.3%
EBIT before restructuring2)
[in EUR million] Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010
GEA Food Solutions1) n.a. n.a. n.a. 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 Farm Technologies 4.1 11.6 18.8 18.8 53.4 -1.6 5.6 7.9 6.6 18.5 0.5 2.5 8.2 12.6 23.9GEA Heat Exchangers 36.4 49.1 58.1 71.8 215.4 27.9 29.2 36.4 48.5 142.0 23.9 24.5 28.6 37.2 114.3GEA Mechanical Equipment 27.0 29.7 29.4 39.5 125.6 23.0 19.2 24.5 32.6 99.3 20.6 22.6 33.4 39.5 116.2GEA Process Engineering 9.2 23.1 24.8 43.1 100.2 7.6 13.7 17.6 35.0 73.9 11.1 16.7 19.3 44.1 91.3GEA Refrigeration Technologies 5.9 9.8 9.7 15.2 40.7 2.2 6.4 2.9 8.0 19.4 1.6 6.0 7.1 13.6 28.3GEA Group 76.1 119.3 131.8 177.1 504.2 56.0 71.2 87.2 118.8 333.2 52.3 71.4 92.3 139.7 355.8
Capital Employed w/o goodwill3) (average LTM)[in EUR million]
Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010
GEA Food Solutions1) n.a. n.a. n.a. 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 Farm Technologies n.a. n.a. n.a. 204.0 204.0 219.7 235.5 241.7 241.4 241.4 250.5 260.9 271.3 284.0 284.0 GEA Heat Exchangers n.a. n.a. n.a. 707.3 707.3 757.2 789.7 793.4 752.0 752.0 711.8 687.1 677.7 672.8 672.8 GEA Mechanical Equipment n.a. n.a. n.a. 349.8 349.8 364.3 371.3 374.2 367.7 367.7 346.5 327.9 309.9 300.7 300.7 GEA Process Engineering n.a. n.a. n.a. 270.6 270.6 274.2 276.2 269.7 255.1 255.1 241.1 235.7 237.8 238.9 238.9 GEA Refrigeration Technologies n.a. n.a. n.a. 221.1 221.1 236.8 249.9 258.6 258.7 258.7 244.9 226.6 202.4 177.9 177.9 GEA Group n.a. n.a. n.a. 1,772.4 1,772.4 1,853.4 1,903.4 1,899.0 1,835.9 1,835.9 1,780.9 1,750.3 1,738.4 1,739.9 1,739.9
ROCE w/o goodwill4) LTM[in%]
Q1 08 Q2 08 Q3 08 Q4 08 2008 Q1 09 Q2 09 Q3 09 Q4 09 2009 Q1 10 Q2 10 Q3 10 Q4 10 2010
GEA Food Solutions1) n.a. n.a. n.a. 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 Farm Technologies n.a. n.a. n.a. 26.2% 26.2% 21.7% 17.7% 12.7% 7.7% 7.7% 8.2% 6.7% 6.6% 8.4% 8.4%GEA Heat Exchangers n.a. n.a. n.a. 30.5% 30.5% 27.3% 23.7% 20.8% 18.9% 18.9% 19.4% 19.4% 18.5% 17.0% 17.0%GEA Mechanical Equipment n.a. n.a. n.a. 35.9% 35.9% 33.4% 29.9% 28.4% 27.0% 27.0% 28.0% 30.6% 35.2% 38.6% 38.6%GEA Process Engineering n.a. n.a. n.a. 37.0% 37.0% 36.0% 32.3% 30.4% 29.0% 29.0% 32.1% 34.1% 34.6% 38.2% 38.2%GEA Refrigeration Technologies n.a. n.a. n.a. 18.4% 18.4% 15.6% 13.4% 10.3% 7.5% 7.5% 7.7% 8.1% 11.2% 15.9% 15.9%GEA Group n.a. n.a. n.a. 28.4% 28.4% 26.1% 22.9% 20.6% 18.2% 18.2% 18.5% 18.8% 19.3% 20.4% 20.4%
engineering for a better world48
Backup: Performance GEA Group & SegmentsKey Figures Time Line (4/5)
Conference Call Q3 2013 - October 31, 2013
EBIT before PPA & non-recurring items[in EUR million]
Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13
GEA Food Solutions1) 2,8 4,0 5,5 10,2 19,6 -9,4 1,8 -0,2 -4,7 -12,4 -5,6 -0,8 1,7GEA Farm Technologies 2,1 5,6 12,1 14,0 33,8 1,9 8,2 14,7 21,5 46,3 0,1 5,5 14,4 GEA Heat Exchangers 20,8 26,5 37,9 36,7 121,8 24,0 27,6 31,3 52,1 135,0 17,7 27,7 29,9 GEA Mechanical Equipment 28,6 40,5 39,3 53,8 162,1 36,2 40,7 49,4 61,7 187,9 38,3 42,8 48,4 GEA Process Engineering 16,5 27,6 34,6 69,4 148,2 16,6 35,8 39,1 71,3 162,7 25,7 41,2 42,4 GEA Refrigeration Technologies 7,1 12,3 11,9 20,1 51,3 8,7 11,1 13,8 22,6 56,2 7,3 14,3 14,7
GEA Group 69,0 109,7 139,8 206,1 524,6 74,7 122,5 146,7 216,8 560,8 73,1 128,6 145,5
EBIT-Margin before PPA & non-recurring items[in %]
Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13
GEA Food Solutions1) 2,5% 3,8% 4,9% 7,8% 5,7% -17,8% 1,8% -0,3% -5,3% -3,7% -7,0% -0,8% 1,9%GEA Farm Technologies 2,1% 4,7% 8,7% 9,1% 6,6% 1,6% 6,2% 9,3% 12,5% 8,0% 0,1% 4,1% 9,2%GEA Heat Exchangers 6,1% 6,8% 8,9% 7,9% 7,5% 6,2% 6,8% 8,0% 12,3% 8,4% 5,6% 7,2% 7,8%GEA Mechanical Equipment 14,9% 19,5% 19,2% 22,4% 19,2% 16,7% 18,7% 20,7% 23,6% 20,1% 17,5% 17,8% 19,6%GEA Process Engineering 5,5% 7,2% 8,8% 14,0% 9,4% 4,4% 8,9% 9,2% 13,8% 9,5% 6,5% 9,5% 9,6%GEA Refrigeration Technologies 5,3% 7,4% 7,2% 11,0% 7,9% 5,8% 6,7% 7,8% 11,1% 8,1% 4,8% 7,6% 8,0%
GEA Group 6,6% 8,1% 10,0% 12,6% 9,7% 5,9% 8,8% 10,1% 13,4% 9,8% 5,9% 8,9% 10,0%
EBIT before restructuring2)
[in EUR million] Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13
GEA Food Solutions1) n.a. -22,6 -0,2 6,8 -16,0 -48,5 -5,3 -9,8 -39,3 -102,8 -9,0 -4,1 -1,7GEA Farm Technologies 1,5 5,0 11,4 13,2 31,1 1,2 7,5 13,9 20,3 42,9 -0,9 4,8 13,7GEA Heat Exchangers 20,2 25,7 37,2 35,0 118,0 23,4 27,0 30,7 49,2 130,3 17,1 27,1 29,3 GEA Mechanical Equipment 28,4 40,3 39,1 53,5 161,2 35,8 39,7 48,3 61,1 184,9 37,7 42,2 47,8 GEA Process Engineering 16,1 27,2 34,1 68,8 146,1 15,9 35,0 38,1 70,8 159,8 25,0 40,6 41,8 GEA Refrigeration Technologies 6,8 10,6 11,1 18,0 46,6 8,2 10,6 13,3 22,0 54,0 6,8 13,8 14,2
GEA Group 66,8 79,3 131,3 197,2 474,6 32,6 111,7 133,1 176,5 453,9 66,2 119,7 135,8
Capital Employed w /o goodw ill3) (average LTM)[in EUR million]
Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13
GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. 529,5 530,1 526,8 519,8 519,8 510,6 502,4 494,3 GEA Farm Technologies 288,6 289,7 292,5 297,7 297,7 302,1 308,2 314,8 319,3 319,3 324,7 327,9 327,4 GEA Heat Exchangers 680,7 684,2 691,6 694,6 694,6 690,5 688,2 675,9 669,9 669,9 658,2 646,6 641,2 GEA Mechanical Equipment 303,6 308,4 317,6 328,8 328,8 345,1 373,5 402,3 429,7 429,7 456,3 470,2 482,9 GEA Process Engineering 237,4 235,8 238,7 249,0 249,0 273,3 290,0 296,7 286,0 286,0 270,8 262,2 253,5 GEA Refrigeration Technologies 176,5 187,8 205,4 225,9 225,9 241,8 249,0 253,6 254,7 254,7 255,6 256,1 257,3
GEA Group 1.796,3 1.949,7 2.128,3 2.314,2 2.314,2 2.462,7 2.518,1 2.548,2 2.556,5 2.556,5 2.546,1 2.534,0 2.523,5
ROCE w /o goodw ill4) LTM[in%]
Q1 11 Q2 11 Q3 11 Q4 11 2011 Q1 12 Q2 12 Q3 12 Q4 12 2012 Q1 13 Q2 13 Q3 13
GEA Food Solutions1) n.a. n.a. n.a. n.a. n.a. -12,2% -8,9% -10,8% -19,8% -19,8% -12,4% -12,4% -11,0%GEA Farm Technologies 8,6% 9,5% 10,5% 10,4% 10,4% 10,2% 10,8% 11,3% 13,4% 13,4% 12,6% 11,6% 11,5%GEA Heat Exchangers 16,2% 16,3% 17,4% 17,0% 17,0% 17,6% 17,8% 17,2% 19,4% 19,4% 18,8% 19,2% 19,1%GEA Mechanical Equipment 40,8% 45,9% 46,4% 49,0% 49,0% 48,9% 45,0% 44,1% 43,0% 43,0% 41,0% 40,3% 39,1%GEA Process Engineering 40,5% 45,2% 50,9% 58,7% 58,7% 53,4% 53,0% 53,2% 55,9% 55,9% 62,4% 66,6% 70,3%GEA Refrigeration Technologies 19,0% 20,3% 20,5% 20,6% 20,6% 19,8% 19,2% 19,7% 21,2% 21,2% 20,6% 21,8% 22,1%
GEA Group 20,6% 19,4% 19,6% 20,5% 20,5% 17,9% 18,8% 18,6% 17,8% 17,8% 19,2% 19,6% 19,7%
engineering for a better world49
Backup: Performance GEA Group & SegmentsKey Figures Time Line (5/5): Remarks
Conference Call Q3 2013 - October 31, 2013
1) All historical figures for GEA FS before Q2 2011 are pro-forma figures only and haven't been audited due to the fact that GEA FS's Financial Year was ending end of February. The listed historical figures before Q2 2011 are not included in the Group-numbers of the corresponding period.
2) Restructuring only in FY 2009 and FY 2010.
3) Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999.
4) ROCE LTM = EBIT before restructuring (LTM) / Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM).
2011 figures adjusted due to change in accounting policy for pension obligations and leasing obligations.
2012 EBITDA and EBIT (bef. PPA & non-recurring items) restated due to amendment of IAS 19 “Employee Benefits”.