Q1 2020 Results - GEA engineering for a better world€¦ · Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Sales Sales growth of 3.5% YoY (adj. 3.5%) • Service sales grew by 8.5% and account now

Q1 2020 Results

Stefan Klebert, CEO

Marcus A. Ketter, CFO

DÜSSELDORF, MAY 15, 2020

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 Q1 2020 Figures 2

3GEA Q1 2020 Figures

Highlights Q1 2020

Stefan Klebert, CEO

Very good start into challenging FY 2020


€m Q1 20 Q1 19 ∆

Order Intake 1,377 1,186 16.0%Strong increase driven by Liquid & Powder Technologies as well as

Refrigeration Technologies; adjusted growth 16.3%

Sales 1,094 1,057 3.5%Service share improved by 1.6pp to 34.3%; adjusted growth 3.5%;

book-to-bill ratio increased to 1.26x (PY: 1.12x)

EBITDA1 105.0 74.6 40.7%Strong performance supported by all divisions but Food & Healthcare

Technologies

EBITDA Margin1 9.6% 7.1% 254 bps

EBIT1 56.4 27.0 +>100% More than doubled driven by strong EBITDA development; D&A stable

ROCE1,2 12.3% 12.0% 31 bps Further improvement due to reduced capital employed

Net debt -10 155 -165 €m Net debt turned into net cash

1 before restructuring; 2 L4Q

Covid-19: Securing health & safety of employees is prio #1


• Employee health:

• Protecting health and safety of our more than

18,000 employees is our main priority

• Business continuity:

• Crisis management team in place since January

• All streams work together in order to protect

employees, customers and business

• Dashboards provide us with global overview on

employees, sites, etc.

• We can capitalize on our experiences in

China for our operations in the ROW

• No severe disruptions on our supply chain so far

Dashboard implemented to monitor the

situation closely

Production almost unaffected by Covid-19


0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Jan-20 Feb-20 Mar-20 Apr-20 May-20** month to date as of 14 May 2020


Business & Financial Review Q1 2020

Marcus A. Ketter, CFO

GEA Group with strong top- and bottom line performance


Strong order intake growth of 16.0% YoY

(adj. 16.3%)

• Order intake of large orders (>€15m)

amounted to €140m compared to €38m

last year

• Book-to-bill ratio increased to 1.26x from 1.12x

1,186 1,147 1,255 1,343 1,377

0 €m

500 €m

1,000 €m

1,500 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake

1,0571,247 1,235 1,340

1,094

0 €m

500 €m

1,000 €m

1,500 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Sales Sales growth of 3.5% YoY (adj. 3.5%)

• Service sales grew by 8.5% and account now

for 34.3% of total sales (vs. 32.7% in Q1 19)

EBITDA1 margin increased to 9.6% from 7.1%

• Strong improvement mainly related to higher

margin-driven gross profit

• Q1 19 EBITDA1 included a burden of €10m

related to the backlog review at Liquid &

Powder Technologies

75111

143 150

105

0 €m

100 €m

200 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

EBITDA1

1 before restructuring measures

All but one divisions contributing to strongEBITDA improvement


17

8

6

5

6-13

-6

Special

Items

RTFHT

-1

LPT FXSFTEBITDA1

Q1 2019

75

105

FX EBITDA1

Q1 2020

1

FT GCC /

Cons.

GEA Group

in €m

„Benefiting

from better

SG&A and

missing

charge for

backlog

review“

„Gross

profit-

driven“

“Gross

profit-

driven“

€-5.8

transaction-

related and

€0.3m

translation-

related


+€30m

+€23m

-€7m

Separation & Flow Technologies with a good start into the year


Order intake growth of 6.0% YoY (adj. 6.0%)

• Increase driven by all business units

Sales growth of 1.4% YoY (adj. 1.4%)

• Sales in China down due to Covid-19 but

solid growth in North America

• Service sales grew by 2.1% and account

now for 43.5% of sales (vs. 43.2% in Q1 19)

EBITDA1 margin rose to 21.5% from 21.0%

• Negative effects from temporary factory

closings in China

• Good development in other regions

314 323 325 310 332

0 €m

200 €m

400 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake

275 301 324 340278

0 €m

200 €m

400 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Sales

5846

74 6960

0 €m

50 €m

100 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

EBITDA1


Liquid & Powder Technologies with significant increase in order intake


Very strong order intake growth of 38.1% YoY

(adj. 38.3%)

• Large orders (>€15m) amounted to €140m from

the customer industries Dairy Processing,

Beverage and Chemical

• Last year’s large order intake amounted to €38m


• Mainly driven by North America

• Service sales grew by 20.0% and account

now for 22.2% of sales (vs. 19.7% in Q1 19)

EBITDA1 margin swung to 2.1% from -2.0%

• Improvement resulted mainly from service

sales growth as well as cost savings

measures implemented earlier

• Q1 19 EBITDA1 included a burden of €10m

related to the backlog review

410 365

505 549 566

0 €m

200 €m

400 €m

600 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake

362445 438 484

385

0 €m

200 €m

400 €m

600 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Sales

-7

25 3040

8

-20 €m

0 €m

20 €m

40 €m

60 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

EBITDA1


Food & Healthcare Technologies with declines in order intake, sales and EBITDA1


Order intake declined by 6.5% YoY (adj. -6.7%)

• Good order growth in BU Food Solutions while

orders in BU Pharma declined

• Relatively high volume of larger orders

(between €5m and €15m) in Q1 19

Sales declined by 4.7% YoY (adj. -4.9%)

• Weaker sales in North America and parts of

Europe partly compensated by growth in Asia

despite Covid-19 impact


for 27.4% of sales (vs. 24.3% in Q1 19)

EBITDA1 margin declined to 7.8% from 8.7%

• Better gross margin was more than offset by

lower sales and negative FX impact

238 222 210244 222

0 €m

100 €m

200 €m

300 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake

223252 232 256

213

0 €m

100 €m

200 €m

300 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Sales

19

1216

1916

0 €m

10 €m

20 €m

30 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

EBITDA1


Farm Technologies with good order intake and profitability improvement


Order intake growth of 9.2% YoY (adj. 10.1%)

• Very solid demand for automated milking

equipment especially in Japan and North America

• Solid base business; elevated medium-sized

order volume (between €1m and €5m per order)

of €16m

Sales declined by 1.3% YoY (adj. -0.4%)

• Lower YoY backlog at the beginning of Q1 20




• Profitability was driven by better mix within the

new machines business but also a higher

service share

162 158 156 165 177

0 €m

100 €m

200 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake

143 160 171 182141

0 €m

100 €m

200 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Sales

6

1319 22

11

0 €m

10 €m

20 €m

30 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

EBITDA1


Refrigeration Technologies with strong top- and bottom-line development


Strong order intake growth of 19.5% YoY

(adj. 19.8%)

• Very solid order growth across all categories

of order sizes

• Strong growth in most parts of Europe


• Solid growth in the region DACH&EE




• Combination of strong new machines

and service growth contributed to the margin

improvement

154198 175 179 184

0 €m

100 €m

200 €m

300 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake

149189 173 193 170

0 €m

100 €m

200 €m

300 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Sales

7

1518 18 17

0 €m

10 €m

20 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

EBITDA1


• NWC improvement of €113m YoY

• Improvements of NWC at Liquid & Powder

Technologies as well as Separation & Flow

Technologies

• YoY improvement of trade receivables, net

contract assets and inventories

• NWC/Sales ratio strongly reduced from

17.2% to 14.6%

• Targeting NWC/Sales ratio of <14%

by year-end 2020

• 2022 NWC/Sales ratio goal remains at 12-14%

Net working capital further reduced year-over-year

833

906941

682720

17.2%

18.6%19.2%

14.0%14.6%

0%

5%

10%

15%

20%

25%

0 €m

200 €m

400 €m

600 €m

800 €m

1,000 €m

1,200 €m

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

NWC as of reporting date

NWC as of reporting dateas of % of sales (L4Q)


Net cash position at the end of Q1 2020


Free Cash Flow March YTD [€m]

Net financial cash/debt 12/19 vs. 03/20 [€m]

105

239

-12

-49

IFRS 16

payments

EBITDA

before

Restructuring

-22

Others

-6

1

Capex Others

-15

Free Cash

Flow

-6

Interests

paid

Net Cash

Flow

Operating

Cash flow

-5

Cash-out

Restructuring

-15

TaxesDelta

NWC

28

10

-1

Net Cash 12/19

-12

-5

Net Cash Flow Net Cash 03/20DOP FX on Cash

Cash Flow from Operations

• NWC -€49m: Negative effect from NWC based on

increase in inventory (-€11m) as well as payments of

-€87m of Accounts Payables and offset by incoming

payments from Account Receivables (+€50m)

• Restructuring related cash outflow of -€5m

• Others -€22m includes pension payments of

-€11m and cash-out from provision of -€32m, offset

by non-cash expenses of €6m and change in other

assets by €17m

Net Cash Flow

• Capex -€15m: thereof €6m replacement,

€6m R&D capitalization, €3m other

• Others €1m: Cash-In from disposal of assets

• IFRS 16 payments -€15m

• Interest paid -€6m: thereof -€2.5m payments for

bonds, -€0.9m for banks and -€1m lease interest

Maturities [€m]

Strong financial position and sufficientfinancial headroom

17

** Including uncommitted lines and credit lines < 1 Year.

Left side: committed

Right side: utilization

10

0 20

650

128 128

12

2

12

2

82

182

20232020 2021

50

2024

50

2022 2025 2026

172 172

Evergreens** Syn LoanEIB BNL (2025)BNL (2023)

GEA Q1 2020 Figures

Committed

€m Q1 20 Q1 20 Q4 19 €m ∆ Q1 20 Q1 19 Q4 19

Borrower's note loan (2023) 128 128 128 Equity 2,111 2,486 2,090

Borrower's note loan (2025) 122 122 122 Leverage1 (Covenant 3x) 0.0x 0.4x -0.1x

European Investment Bank (EIB) 150 50 50 Leverage2 (Rating) 3.3x 2.5x 3.3x

Other bilateral credit lines 82 20 26 Financial Headroom 750 750 750

Syndicated credit line ("Club Deal") 650 0 0 Cash and Cash Equivalents 330 227 355

Total1 1,132 320 326 Net Liquidity (+) / Net Debt (-) 10 -155 28

Utilized

1 Utilization includes accrued interest and commitment fees 1 Total net debt / cons. EBITDA based on frozen GAAP (covenant concept)2 According to Moody’s consideration (3,3x in March 2020 as of December 2019)

Rating

Agency Rating Outlook Last Update

Moody's Baa2 negative February 20, 2020

Fitch BBB- stable May 08, 2020


Outlook FY 2020

Stefan Klebert, CEO

0.3%0.5%

2.9%

4.0%3.7%

2.7%

1.3% 1.3%

-2.0%

-4.2%

0.1%

-2.4%

-5%

-3%

-1%

1%

3%

5%

DairyFarming*

DairyProcessing*

Food** Beverages** Pharma** Chemicals**

Q1 19 Q1 20E

External view on industry development YoY of key customer industries


0.9%1.1%

3.0% 3.1%3.3%

1.6%

0.3%0.5%

-0.8%

-1.4%

-2.5%

-4.7%

-5%

-3%

-1%

1%

3%

5%

DairyFarming*

DairyProcessing*

Food** Beverages** Pharma** Chemicals**

2019 2020E

* w/o India & Pakistan; ** measured as “Value-added output, real US$”

Sources: Oxford Economics per 06.05.2020; IFCN per 07.05.2020; GEA internal assessment

1,186

354

1,377

347

Q1 April

2019 2020

Solid order intake January – April 2019 & 2020


• Keeping focus on order intake and sales:

• Our sales forces have intensified the use of web

conferences in order to get in contact with our

customers

• We can also count on long-term relationships with

most of our customers

• Looking for smart solutions to keep service business

up and running: e.g. Remote eye-wear

• Managing cost:

• Salary increase partly abandoned

• Reduction in travel cost due to travel restrictions

• General tighter cost control

• Securing cash:

• Strong focus on working capital management (esp.

accounts receivable) and cash collection

• Total liquidity (cash & undrawn credit lines): €1.1bn

Actions to mitigate the impact of Covid-19


Guidance FY 2020


EBITDA(before restructuring measures)

SALES

Slightly below

previous year

(previous year: EUR 4,880m)

between

EUR 430 and 480m

(previous year: EUR 479m)

between

9.0% and 11.0%

(previous year: 10.6%)

ROCE(before restructuring measures)

Key priorities 2020


• Managing the impact of Covid-19 internally and on our business

• Realizing savings from new global procurement and supply chain organization

• Concluding announced headcount reduction

• Continuing to increase operational efficiency

• Divesting earmarked low-margin business

GEA: We are a self-help story

Roadmap for 2020


Q1 2020

Today

Q4 2020

March 23,

2021

Q2 2020

August 12,

2020

Q3 2020

November 5,

2020

AGM

November

26, 2020


Appendix

GEA – Q1 2020 figures

Sales by Customer

Industry (L4Q)

GEA Q1 2020 Figures

Order Intake Development by SizeOrder Intake and Sales (L4Q)

Sales by Region (L4Q)

26

[ in EU R mill ion] Q1 19 Q1 2 0 ∆ Y oY L4 Q Q1 19 L4 Q Q1 2 0 ∆ Y oY

Order Int ake 16.0% 2.4%

A djust ed1

16.3% 1.7%

Sales 3.5% 1.4%

A djust ed1

3.5% 0.7%

Order B acklog 2,550.7 2 ,6 2 8 .7 3.1% 2,550.7 2 ,6 2 8 .7 3.1%

EB ITD A2

74.6 10 5.0 40.7% 537.0 50 9 .6 40.7%

EB ITD A M arg in2

7.1% 9 .6 % 254 bps 11.1% 10 .4 % -71 bps

EB IT2

27.0 56 .4 108.5% 308.1 3 0 0 .8 108.5%

EB IT M arg in2

2.6% 5.2 % 260 bps 6.4% 6 .1% -24 bps

R OC E3

12.0% 12 .3 % 31 bps 12.0% 12 .3 % 31 bps

1,186.3 1,3 76 .7 5,001.4 5,12 1.5

1,057.3 1,0 9 3 .8 4,846.2 4 ,9 16 .2

4,7

17 4

,85

9 5,0

00

4,9

18

5,0

01

4,7

65

4,8

23 4,9

31

5,1

22

4,6

40

4,7

29

4,7

87

4,8

28

4,8

46

4,8

66

4,9

12

4,8

80

4,9

16

4,200 €m

4,400 €m

4,600 €m

4,800 €m

5,000 €m

5,200 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake Sales

853 802 748 791 802 811 792 825 830

218 281210

260 219 238 192258 263

32180

16076 127 80 148

106 144

120

79 107 38 18122

154 1401,103

1,383

1,197 1,2351,186 1,147

1,2551,343 1,377

0 €m

200 €m

400 €m

600 €m

800 €m

1,000 €m

1,200 €m

1,400 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

< €1m >= €1m < €5m >= €5m < €15m >= €15m

0%0%0%0%0%0%0%

Dairy Farming -2% YoY

Dairy Processing 7% YoY

Food -5% YoY

Beverage 15% YoY

Pharma -11% YoY

Chemical -3% YoY

Other 13% YoY

GEA 1% YoY

23%

21%

7%19%

14%

17%

APAC 2% YoY

DACH&EE -1% YoY

LAM 5% YoY

NAM 4% YoY

NCE 2% YoY

WE&MEA -0% YoY

GEA 1% YoY

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: pro-forma figures for 2018 incl. IFRS 16 effects from 2019; 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)

12%

18%

29%

12%

7%

7%

15%

Separation & Flow Technologies – Q1 2020 figures




A djust ed1

6.0% 7.5%

Sales 1.4% 3.7%

A djust ed1

1.4% 3.0%

Order B acklog 412.7 4 2 9 .4 4.0% 412.7 4 2 9 .4 4.0%

EB ITD A2

57.7 59 .8 3.6% 269.3 2 4 9 .2 -7.5%

EB ITD A M arg in2

21.0% 2 1.5% 46 bps 22.5% 2 0 .1% -241 bps

EB IT2

48.2 4 9 .7 3.0% 226.9 2 0 8 .3 -8.2%

EB IT M arg in2

17.6% 17.9 % 29 bps 18.9% 16 .8 % -216 bps

R OC E3

23.1% 2 0 .9 % -217 bps 23.1% 2 0 .9 % -217 bps

313.6 3 3 2 .3 1,195.4 1,2 9 0 .5

274.5 2 78 .4 1,198.3 1,2 4 2 .1

1,1

68

1,1

72

1,1

90

1,1

89

1,1

95

1,2

14 1,2

70

1,2

72

1,2

91

1,0

96

1,1

07

1,1

41

1,1

75

1,1

98

1,2

06

1,2

38

1,2

38

1,2

42

900 €m

1,000 €m

1,100 €m

1,200 €m

1,300 €m

1,400 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake Sales

271 272245 267 273 288 277 280 274

28 1424

20 3029

17 30 379 1910 6

1321

2217

307 305

269

308 314 323 325310

332

0 €m

50 €m

100 €m

150 €m

200 €m

250 €m

300 €m

350 €m

400 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

< €1m >= €1m < €5m >= €5m < €15m >= €15m

Sales by Customer

Industry (L4Q)



0%22%

25%

11%

10%

7%

26%

Dairy Farming n.a.


Food 9% YoY

Beverage 6% YoY

Pharma -15% YoY

Chemical 32% YoY

Other 6% YoY

SFT 4% YoY

28%

20%

5%

18%

13%

15%

APAC 7% YoY

DACH&EE 0% YoY

LAM -3% YoY

NAM 8% YoY

NCE 1% YoY

WE&MEA 3% YoY

SFT 4% YoY



Liquid & Powder Technologies – Q1 2020 figures




A djust ed1

38.3% 13.0%

Sales 6.5% 5.5%

A djust ed1

6.3% 4.3%

Order B acklog 1,229.8 1,4 16 .7 15.2% 1,229.8 1,4 16 .7 15.2%

EB ITD A2

-7.2 8 .2 213.4% 78.5 10 2 .5 30.6%

EB ITD A M arg in2

-2.0% 2 .1% 411 bps 4.7% 5.9 % 113 bps

EB IT2

-17.0 - 1.7 90.2% 30.2 58 .3 93.2%

EB IT M arg in2

-4.7% - 0 .4 % 425 bps 1.8% 3 .3 % 151 bps

R OC E3

12.5% 2 8 .0 % 1547 bps 12.5% 2 8 .0 % 1547 bps

362.0 3 8 5.5 1,661.4 1,752 .5

409.7 56 5.7 1,736.5 1,9 8 4 .4

1,5

82

1,6

53

1,7

19

1,6

24

1,7

36

1,5

85

1,6

62 1

,82

8 1,9

84

1,6

84

1,6

97

1,6

73

1,6

45

1,6

61

1,6

73

1,7

07

1,7

29

1,7

53

1,000 €m

1,200 €m

1,400 €m

1,600 €m

1,800 €m

2,000 €m

2,200 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake Sales

181 196 160202 194 212 215 202 192

93121

86

110 9298 99 117 116

23

103

10355 86 55

86 75 117

96

79 16 38

105154

140

297

517

428382

410365

505549 566

0 €m

100 €m

200 €m

300 €m

400 €m

500 €m

600 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

< €1m >= €1m < €5m >= €5m < €15m >= €15m

Sales by Customer

Industry (L4Q)



36%

13%26%

4%

15%

6%

Dairy Farming n.a.


Food -20% YoY

Beverage 20% YoY

Pharma -2% YoY

Chemical -11% YoY

Other 179% YoY

LPT 5% YoY

31%

14%

10%

20%

14%

10%

APAC 1% YoY

DACH&EE -17% YoY

LAM 5% YoY

NAM 52% YoY

NCE 3% YoY

WE&MEA -3% YoY

LPT 5% YoY



Food & Healthcare Technologies – Q1 2020 figures



Order Int ake -6.5% -17.0%

A djust ed1

-6.7% -17.4%

Sales -4.7% -2.8%

A djust ed1

-4.9% -3.3%

Order B acklog 629.6 555.6 -11.8% 629.6 555.6 -11.8%

EB ITD A2

19.4 16 .5 -15.1% 86.8 6 3 .9 -26.4%

EB ITD A M arg in2

8.7% 7.8 % -95 bps 8.9% 6 .7% -216 bps

EB IT2

6.5 3 .6 -44.6% 16.9 11.5 -31.8%

EB IT M arg in2

2.9% 1.7% -123 bps 1.7% 1.2 % -51 bps

R OC E3

2.3% 1.9 % -45 bps 2.3% 1.9 % -45 bps

237.9 2 2 2 .4 1,082.7 8 9 8 .9

223.0 2 12 .5 979.5 9 52 .6

84

1

93

2 98

6 1,0

70

1,0

83

1,0

01

97

8

91

4

89

9

81

2 87

4 94

0 98

2

98

0

99

3

98

7

96

3

95

3

500 €m

600 €m

700 €m

800 €m

900 €m

1,000 €m

1,100 €m

1,200 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake Sales

165129 137 149 136 143 127

152 143

61105 69

7870 62

50

7266

45

2811 31

17

2113

2469

18 15

225

304

234

307

238222

210

244222

0 €m

50 €m

100 €m

150 €m

200 €m

250 €m

300 €m

350 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

< €1m >= €1m < €5m >= €5m < €15m >= €15m

Sales by Customer

Industry (L4Q)



79%

1%

18%2%

Dairy Farming n.a.

Dairy Processing n.a.

Food -1% YoY

Beverage 43% YoY

Pharma -11% YoY

Chemical n.a.

Other -16% YoY

FHT -3% YoY

19%

19%

9%18%

13%

22%

APAC 23% YoY

DACH&EE -7% YoY

LAM 9% YoY

NAM -20% YoY

NCE -2% YoY

WE&MEA -4% YoY

FHT -3% YoY



Farm Technologies – Q1 2020 figures




A djust ed1

10.1% 0.1%

Sales -1.3% -2.1%

A djust ed1

-0.4% -2.7%

Order B acklog 167.8 150 .0 -10.6% 167.8 150 .0 -10.6%

EB ITD A2

6.1 10 .9 79.4% 68.8 6 5.1 -5.3%

EB ITD A M arg in2

4.2% 7.7% 347 bps 10.3% 9 .9 % -34 bps

EB IT2

-0.5 4 .1 -992.0% 38.5 3 7.1 -3.7%

EB IT M arg in2

-0.3% 2 .9 % 322 bps 5.8% 5.7% -9 bps

R OC E3

12.4% 11.9 % -53 bps 12.4% 11.9 % -53 bps

162.5 177.4 653.0 6 56 .7

143.3 14 1.4 668.3 6 54 .4

70

1

69

8

70

0

67

4

65

3

64

4

63

0 64

2 65

7

64

9 66

2

66

6

66

3

66

8

66

4

66

0

65

6

65

4

500 €m

550 €m

600 €m

650 €m

700 €m

750 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake Sales

171 164 154 148 158 146 152 161 162

123

105

412 5

4166

183

167 170

153162 158 156

165177

0 €m

40 €m

80 €m

120 €m

160 €m

200 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

< €1m >= €1m < €5m >= €5m < €15m >= €15m

Sales by Customer

Industry (L4Q)



100%

Dairy Farming -2% YoY

Dairy Processing n.a.

Food n.a.

Beverage n.a.

Pharma n.a.

Chemical n.a.

Other n.a.

FT -2% YoY

11%

28%

9%33%

11%

9%

APAC -9% YoY

DACH&EE 1% YoY

LAM 11% YoY

NAM -5% YoY

NCE -5% YoY

WE&MEA 0% YoY

FT -2% YoY



Refrigeration Technologies – Q1 2020 figures



Order Int ake 19.5% -5.9%

A djust ed1

19.8% -6.1%

Sales 13.6% -4.6%

A djust ed1

13.9% -5.0%

Order B acklog 289.1 2 8 8 .6 -0.2% 289.1 2 8 8 .6 -0.2%

EB ITD A2

7.1 17.4 144.6% 67.2 6 8 .6 2.0%

EB ITD A M arg in2

4.8% 10 .2 % 549 bps 8.8% 9 .5% 61 bps

EB IT2

1.8 12 .1 569.2% 43.7 4 6 .1 5.5%

EB IT M arg in2

1.2% 7.1% 590 bps 5.7% 6 .4 % 61 bps

R OC E3

15.8% 17.7% 189 bps 15.8% 17.7% 189 bps

149.4 16 9 .8 760.2 72 5.2

154.3 18 4 .4 783.1 73 7.1

76

1 77

7 79

9

79

9

78

3

77

1

75

1

70

7 73

7

73

4

74

6

75

2 77

8

76

0

75

5

74

3

70

5 72

5

500 €m

550 €m

600 €m

650 €m

700 €m

750 €m

800 €m

850 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

Order Intake Sales

147 160 152 164132 142

122 135 138

23

3821

48

2338

2134 38

1223

11

18

3210 9

170

210196

223

154

198

175 179 184

0 €m

50 €m

100 €m

150 €m

200 €m

250 €m

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

< €1m >= €1m < €5m >= €5m < €15m >= €15m

Sales by Customer

Industry (L4Q)



4%

38%

5%1%

52%

Dairy Farming n.a.

Dairy Processing -3% YoY

Food -15% YoY

Beverage -11% YoY

Pharma n.a.

Chemical 93% YoY

Other 2% YoY

RT -5% YoY

12%

31%

2%

2%20%

34%

APAC -15% YoY

DACH&EE 18% YoY

LAM -15% YoY

NAM -78% YoY

NCE 1% YoY

WE&MEA 2% YoY

RT -5% YoY



Service sales


101 116 110133 119 124 130 137 121

64

80 78

101

71100 97

115

86

58

52 58

63

54

60 58

64

5863

67 73

72

67

68 73

78

7260

71 68

80

55

65 61

69

60329

368 366

428

346

394 396

438

375

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20

SFT LPT FHT FT RT

Development of selected P&L items


€m Q1 20 Q1 19 ∆ YoY Comment

Sales 1,093.8 1,057.3 3.5%

Gross profit 333.4 298.2 11.8%Gross profit improvement due to higher service share; last year's gross profit was

burdened by charges from the backlog review at LPT

Other income 135.9 80.3 69.2% Increase due to currency gains

Other expenses 134.3 74.9 79.5% Increase due to currency losses

Earnings before interest and tax (EBIT) 48.2 21.7 122.2%

Interest income 0.7 10.7 -93.2%Q1 19 included a positive effect from the adjustment in the method of calculating

interest when measuring provisions for long-term liabilities of ca. €10m

Interest expense 7.3 6.8 7.8%

Profit before tax from continuing operations 41.7 25.7 62.4%

Income taxes 11.2 5.9 90.7% Tax rate of 27% in Q1 20 vs. 23% in Q1 19 - in-line with updated tax rate assumptions

Profit after tax from continuing operations 30.4 19.8 54.0%

Profit or loss after tax from discontinued operations -0.6 10.4 n.a.Q1 19 included a positive effect from the adjustment in the method of calculating

interest when measuring provisions for long-term liabilities

Profit for the period 29.8 30.2 -1.2%

Basic and diluted earnings per share (€) 0.17 0.17 0.0%

Growth Breakdown Order Intake


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

Order Intake

previous period

Structural Change 0 0.0% 0 0.0% 0 0.0% 0 0.0%

Currency Translation -3 -0.2% -4 -0.3% -3 -0.2% 34 0.7%

Like-for-Like Development 193 16.3% 38 2.8% 193 16.3% 86 1.7%

Order Intake

current period

Q1 20 vs. Q1 19 Q1 20 vs. Q4 19Q1 - Q1 20 vs. Q1 -

Q1 19

L4Q Q1 20 vs. L4Q

Q1 19

1,186 1,343 1,186 5,001

5,122 2.4%1,377 16.0% 1,377 2.5% 1,377 16.0%

Growth Breakdown Sales


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

Sales

previous period

Structural Change 0 0.0% 0 0.0% 0 0.0% 0 0.0%

Currency Translation -1 -0.1% -4 -0.3% -1 -0.1% 38 0.8%

Like-for-Like Development 37 3.5% -242 -18.1% 37 3.5% 32 0.7%

Sales

current period

Q1 20 vs. Q1 19 Q1 20 vs. Q4 19Q1 - Q1 20 vs. Q1 -

Q1 19

L4Q Q1 20 vs. L4Q

Q1 19

4,846

1,094 3.5% 1,094 -18.4% 1,094 3.5% 4,916 1.4%

1,057 1,340 1,057

Order intake split as of Q1 2020 L4Q: Top 30 countries account for 84% of order intake


Top DM Countries Share Delta LTM % BtB Top EM Countries Share Delta LTM % BtB

United States 15% 1.00 China 10% 1.15

Germany 9% 1.09 Russian Federation 3% 0.92

France 5% 1.12 Brazil 3% 1.17

Netherlands 4% 1.16 Poland 3% 1.41

United Kingdom 3% 0.95 Indonesia 2% 1.23

Canada 3% 1.04 India 2% 0.76

Spain 3% 1.03 Mexico 1% 0.95

Italy 2% 1.02 Vietnam 1% 1.60

Japan 2% 0.95 South Africa 1% 0.93

New Zealand 2% 1.22 Philippines 1% 1.13

Belgium 2% 0.82 Thailand 1% 0.99

Ireland 1% 0.63 Turkey 1% 0.87

Denmark 1% 1.14 Uruguay 1% 2.05

Australia 1% 0.74 Malaysia 1% 1.97

Korea, Republic of 1% 0.94 Belarus 1% 1.23

More than 5%

Betw een 1% and 5%

Betw een -1% and 1%

Betw een -5% and -1%

Less than -5%

Guidance FY 2020by division


€m

Expectations

for 2020

(pro forma)

2019

Expectations

for 2020

(pro forma)

2019

Separation & Flow Technologies slightly declining 1,238 slightly declining 247

Liquid & Powder Technologies slightly declining 1,729 significantly rising 87

Food & Healthcare Technologies slightly declining 963 slightly declining 67

Refrigeration Technologies slightly declining 705 slightly declining 58

Farm Technologies slightly declining 656 slightly declining 60

Others - -39

Consolidation - -411 significantly declining -2

Sales1 EBITDA before restructuring2

1 For sales, slight” indicates a change of up to +/- 5%, w hile a change of more than +/- 5% is referred to as “signif icant”.2 For earnings f igures, “slight” indicates a change of up to +/- 10%, w hile a change of more than +/- 10% is deemed “signif icant“.

Additional financial information for FY 2020


Thereof impact

from PPA (€m)

around

30

Capex before

restructuring

(of sales)

around

3.0%

Tax Rate

around

27%

Depreciation&

Amortization (incl.

PPA, IFRS 16) (€m)

around

200

FX development


EUR 46% - -

USD 18% 1.10 -3%

CNY 4% 7.70 0%

GBP 4% 0.86 -1%

DKK 4% 7.47 0%

RUB 3% 73.82 -1%

SGD 2% 1.53 -1%

CAD 2% 1.48 -2%

BRL 2% 4.92 15%

PLN 2% 4.32 1%

INR 1% 79.91 0%

Currency % totalFX rates Q1 20

(average)

∆ FX YoY Mar 2020 vs

Mar 2019

*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)


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

SFT 293 301 250 309 307 305 269 308 314 323 325 310 332

LPT 370 446 362 477 297 517 428 382 410 365 505 549 566

FHT 234 212 180 223 225 304 234 307 238 222 210 244 222

FT 167 170 168 180 183 167 170 153 162 158 156 165 177

RT 181 194 174 224 170 210 196 223 154 198 175 179 184

Cons./ Other -109 -82 -77 -96 -81 -119 -99 -139 -92 -120 -117 -104 -105

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

Order Intake < 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

SFT 251 257 239 263 271 272 245 267 273 288 277 280 274

LPT 180 184 154 197 181 196 160 202 194 212 215 202 192

FHT 145 110 118 167 165 129 137 149 136 143 127 152 143

FT 159 166 165 164 171 164 154 148 158 146 152 161 162

RT 133 153 130 155 147 160 152 164 132 142 122 135 138

GEA 758 789 729 850 853 802 748 791 802 811 792 825 830

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

SFT 23 24 18 25 28 14 24 20 30 29 17 30 37

LPT 103 131 82 160 93 121 86 110 92 98 99 117 116

FHT 45 38 44 41 61 105 69 78 70 62 50 72 66

FT 9 4 3 17 12 3 10 5 4 12 5 4 16

RT 31 30 38 28 23 38 21 48 23 38 21 34 38

GEA 211 227 185 270 218 281 210 260 219 238 192 258 263

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

SFT 19 20 -7 22 9 19 0 0 10 6 13 0 21

LPT 65 53 90 61 23 103 103 55 86 55 86 75 117

FHT 16 6 18 15 0 45 28 11 31 0 17 21 13

FT 0 0 0 0 0 0 6 0 0 0 0 0 0

RT 17 11 5 24 0 12 23 11 0 18 32 10 9

GEA 116 89 107 122 32 180 160 76 127 80 148 106 144

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

SFT 0 0 0 0 0 0 0 22 0 0 17 0 0

LPT 22 78 35 59 0 96 79 16 38 0 105 154 140

FHT 28 58 0 0 0 24 0 69 0 18 15 0 0

FT 0 0 0 0 0 0 0 0 0 0 0 0 0

RT 0 0 0 16 0 0 0 0 0 0 0 0 0

GEA 50 136 35 75 0 120 79 107 38 18 122 154 140

Adj. Order Intake Growth1 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

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%

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%

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%

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%

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%

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%

1 Adjusted = before FX and structural effects; 2 before restructuring measures; previous year: 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 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

SFT 357 360 350 351 403 421 396 370 413 430 427 397 429

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

FHT 409 435 443 533 541 586 586 610 630 598 575 555 556

FT 143 156 150 139 185 187 182 149 168 165 142 123 150

RT 277 271 261 280 288 300 312 305 289 296 298 284 289

Cons./ Other -145 -149 -150 -151 -146 -167 -165 -179 -178 -197 -210 -200 -212

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

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

SFT 255 282 259 305 251 293 292 339 275 301 324 340 278

LPT 356 421 427 490 346 434 403 462 362 445 438 484 385

FHT 173 176 172 238 226 239 237 281 223 252 232 256 213

FT 132 152 171 188 138 165 175 185 143 160 171 182 141

RT 159 183 179 205 167 195 185 230 149 189 173 193 170

Cons./ Other -71 -75 -77 -95 -88 -98 -105 -124 -95 -100 -104 -113 -94

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

Adj. Sales Growth1 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

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%

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%

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%

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%

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%

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%

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

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

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

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

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

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

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

EBITDA bef. 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

SFT 46 67 54 87 44 57 77 78 58 46 74 69 60

LPT 16 26 8 63 1 25 22 39 -7 25 30 40 8

FHT 10 10 10 21 15 22 20 26 19 12 16 19 16

FT 8 13 21 24 8 15 20 28 6 13 19 22 11

RT 13 17 16 18 13 23 20 18 7 15 18 18 17

Cons./ Other 2 -18 3 -11 -4 0 -13 -13 -8 0 -14 -18 -8

GEA 95 115 112 201 77 142 145 175 75 111 143 150 105

EBITDA margin bef. restructuring 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

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%

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%

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%

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%

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%

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%





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

SFT 6 6 6 6 9 9 9 11 9 9 9 10 10

LPT 3 3 3 6 8 8 9 11 9 10 9 14 9

FHT 3 3 3 4 6 7 7 8 7 7 7 7 7

FT 5 5 5 5 6 7 7 8 6 12 7 2 6

RT 2 2 2 3 5 5 6 6 5 5 5 6 5

Cons./ Other 1 2 2 0 4 4 5 3 4 4 4 10 4

GEA 20 21 22 24 38 40 42 46 40 46 42 49 41

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

SFT 1 1 1 1 1 1 1 3 1 1 1 1 0

LPT 1 1 1 0 1 1 1 9 1 1 1 1 1

FHT 5 5 5 8 9 8 8 19 6 6 6 6 6

FT 0 1 1 1 1 1 0 0 0 0 0 1 0

RT 0 0 0 0 0 0 0 0 0 0 0 0 0

Cons./ Other 0 0 0 0 0 0 0 0 0 0 0 0 0

GEA 7 7 8 10 11 11 11 32 8 8 8 8 7

EBIT bef. 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

SFT 40 60 48 80 34 47 67 64 48 36 64 58 50

LPT 12 23 4 56 -8 16 12 19 -17 15 20 25 -2

FHT 2 2 2 9 0 6 4 -1 7 -1 3 6 4

FT 3 7 15 19 1 8 12 19 0 1 12 19 4

RT 10 14 13 15 7 18 13 11 2 10 12 12 12

Cons./ Other 1 -19 0 -11 -8 -3 -17 -15 -12 -3 -18 -28 -11

GEA 68 87 83 168 28 91 92 97 27 57 94 93 56

EBIT margin bef. restructuring 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

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%

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%

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%

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%

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%

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%

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

SFT 45 64 50 85 40 54 72 51 57 45 74 55 60

LPT 15 24 8 59 -4 21 18 32 -8 23 30 10 8

FHT 10 10 10 20 13 19 17 24 19 12 16 9 16

FT 8 13 20 23 6 12 17 24 6 13 18 8 11

RT 13 16 16 17 10 20 16 14 7 11 18 17 17

Cons./ Other 1 -20 2 -9 -8 -4 -20 -16 -13 -3 -17 -34 -15

GEA 91 107 107 194 57 123 121 130 69 101 139 65 97

EBITDA margin4 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

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%

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%

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%

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%

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%

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%





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

SFT 39 58 43 78 34 47 66 35 48 35 63 44 50

LPT 11 20 4 52 -8 16 12 17 -17 5 20 -4 -2

FHT 2 2 2 8 0 6 4 0 7 -1 3 -262 4

FT 3 7 15 17 1 7 12 18 -1 1 11 2 4

RT 10 13 13 14 7 17 13 11 2 5 12 6 12

Cons./ Other -1 -21 0 -9 -10 -6 -23 -17 -16 -7 -21 -44 -19

GEA 64 79 78 160 24 88 85 64 22 38 89 -258 48

EBIT margin4 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

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%

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%

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%

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%

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%

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%

Capital Employed3 (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

SFT 627 720 812 893 912 935 964 987 982 994 1,005 1,007 995

LPT 171 169 171 183 209 235 271 276 241 254 257 253 209

FHT 674 575 470 446 532 627 726 735 718 730 738 681 619

FT 293 299 302 304 305 311 316 323 309 313 320 320 313

RT 220 227 237 252 267 287 306 314 277 272 269 267 260

Cons./ Other 30 -5 -42 -28 -20 -2 9 23 22 28 41 38 41

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

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

SFT - - - 25.5% 24.4% 22.4% 23.8% 21.6% 23.1% 21.7% 21.2% 20.5% 20.9%

LPT - - - 51.6% 36.0% 29.1% 28.2% 14.3% 12.5% 11.3% 14.3% 17.0% 28.0%

FHT - - - 3.4% 2.5% 2.9% 2.8% 1.5% 2.3% 1.3% 1.1% 2.1% 1.9%

FT - - - 14.5% 14.0% 13.8% 12.7% 12.5% 12.4% 10.3% 10.1% 10.2% 11.9%

RT - - - 20.6% 18.3% 18.4% 17.3% 15.7% 15.8% 13.3% 13.1% 13.4% 17.7%

GEA - - - 19.8% 16.6% 15.5% 14.6% 11.6% 12.0% 10.5% 10.5% 10.6% 12.3%

1 Adjusted = bef ore FX and structural ef f ects; 2 bef ore restructuring measures; prev ious y ear: pro-f orma f igures f or 2018 incl. IFRS 16 ef f ects f rom 2019; 3 ROCE = EBIT1 (L4Q) / Capital employ ed excluding EUR ~800m goodwill f rom the acquisition of the f ormer GEA AG by the f ormer Metallgesellschaf t AG in 1999 (av erage L4Q); 4 no pro-f orma adjustment f or IFRS 16



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Q1 2020 Results - GEA engineering for a better world€¦ · Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Sales Sales growth of 3.5% YoY (adj. 3.5%) • Service sales grew by 8.5% and account now