Conference Call Results Q2 2016 DSSELDORF, 28 JULY 2016 Disclaimer - PowerPoint PPT Presentation

Conference Call Results Q2 2016 DÜSSELDORF, 28 JULY 2016

Disclaimer 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%. 2 GEA Conference Call Presentation Q2 2016

1. Highlights Q2 2016 2. Financials Q2 2016 3. Outlook FY 2016 3

Executive Summary Key Highlights Q2 2016 Order Intake Sales Op. EBITDA Operating Op. ROCE Op. CFD Margin (EURm) (EURm) (EURm) EBIT (EURm) (LTM) 1 (LTM) 1,222 1,157 145 125 24.7% 11.1% Δ +6.4% YoY Δ +0.6% YoY Δ +4.3% YoY Δ +4.5% YoY Δ -204 bps YoY Δ +60 bps YoY Structural change: Structural change: Operating EBITDA Operating EBIT In line with midterm (Op. EBITDA - Capex +2.4% YoY +3.8% YoY margin margin of guidance range of +/- ∆ WC [Ø LTM] ) FX translation: FX translation: 20% to 25% of +12.6% +10.8% / Sales -3.3% YoY -3.1% YoY (+44 bps YoY) (+40 bps YoY) 1 Operating ROCE LTM = operating EBIT (LTM) / Capital employed excluding EUR ~800m goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM) 4 GEA Conference Call Presentation Q2 2016

1. Highlights Q2 2016 2. Financials Q2 2016 3. Outlook FY 2016 5

Key figures and change YoY Q2 2016 Order Intake 1 Sales 1 1,500 € m 1,600 € m Δ Δ +6.4% +0.6% 1,222 1,149 1,157 1,150 adjusted 2 : +7.3% 1,200 € m adjusted 2 : -0.1% 1,000 € m 659 629 613 634 800 € m +4.7% +3.4% 500 € m 400 € m 617 573 588 +7.7% 571 -2.9% 0 € m 0 € m Q2 15 Q2 16 Q2 15 Q2 16 BA Equipment BA Solutions BA Equipment BA Solutions Operating EBITDA 1 Operating EBITDA Margin 160 € m Δ 145 +4.3% 139 120 € m Δ YoY adjusted 2 : +0.7% Q2 15 Q2 16 62 58 +6.2% 80 € m GEA Equipment 14.4% 15.1% 70 bps 40 € m 84 86 GEA Solutions 9.5% 9.7% 26 bps +1.9% 0 € m Q2 15 Q2 16 GEA 12.1% 12.6% 44 bps BA Equipment BA Solutions 1 Please note that the difference between the sum of the BAs and the Group is explained by consolidation/others; 2 Adjusted = before currency translation and structural effects 6 GEA Conference Call Presentation Q2 2016

Record operating EBIT(DA) margins Development LTM: Order Intake, Sales, Operating Margins 5,500 € m 16% 13.7% 13.4% 14% 5,000 € m 12.6% 12.0% 11.9% 11.9% 11.6% 12% 11.0% 10.9% 10.3% 10.3% 4,500 € m 10% 9.0% 4,000 € m 8% 6% 3,500 € m 4% 3,000 € m 2% 2,500 € m 0% Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Order Intake Sales Operating EBITDA Margin Operating EBIT Margin 7 GEA Conference Call Presentation Q2 2016

Order intake development by size since Q2 2013 1,400 € m 1,246 1,222 1,220 1,170 1,168 1,168 1,158 1,200 € m 1,144 1,149 1,144 46 1,127 118 162 54 1,068 55 123 144 1,024 121 160 83 179 136 128 87 112 97 1,000 € m 22 102 103 91 67 68 132 88 96 48 182 201 193 190 163 170 211 174 158 234 160 800 € m 194 167 600 € m 835 400 € m 799 805 791 791 773 765 765 747 754 722 724 718 200 € m 0 € m Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 < € 1m >= € 1m < € 5m >= € 5m < € 15m >= € 15m 8 GEA Conference Call Presentation Q2 2016

Regional sales split as of Q2 2016 LTM Emerging Markets 1 North America Northern/Central DACH & Europe Eastern Europe 18% 21% 35% 15% Δ YoY: Δ YoY: Δ YoY: -1% / -8% adj. -6% / -7% adj. 3% / 2% adj. Δ YoY: -4% / -5% adj. Top-3-Countries 16% (17%) USA Latin America Western Europe, Asia-Pacific Δ YoY: -5% / -12% adj. M. East/Africa 10% (10%) Germany Δ YoY: 3% / -2% adj. 6% 17% 24% 9% (10%) China Δ YoY: Δ YoY: Δ YoY: Δ YoY: -8% / -13% adj. -12% / -6% adj. 2% / -2% adj. -6% / -6% adj. 1 According to the definition of emerging/developing economies by International Monetary Fund. Note: adjusted = before currency translation and structural effects 9 GEA Conference Call Presentation Q2 2016

Sales by customer industry as of Q2 2016 LTM Adjusted Sales CAGR 10 - 15 1 : 230% Dairy Farming 6% Dairy Processing 10% 180% GEA 5% 13% 15% 130% 80% Dairy Farming Dairy Processing GEA Sales LTM 14% 21% as of Q2 16 230% Adjusted Sales CAGR 10 - 15 1 : EUR 4,541m Food 2% 180% Beverages 4% GEA 5% 14% 130% 80% 23% Food Beverages GEA Growth YoY 230% Adjusted Sales CAGR 10 - 15 1 : -10% Dairy Farming Pharma/Chemical 5% 180% -14% Dairy Processing Other Industries 4% +3% 130% GEA 5% Food +15% Beverages 80% Q4 09 Q4 10 Q4 11 Q4 12 Q4 13 Q4 14 Q4 15 +16% Pharma/Chemical -4% Other Industries Pharma/Chemical Other Industries GEA -1% GEA 1 Adjustments for currency translation and structural effects are only available since 2011, please note that the charts are based on reported data; LTM as of Q4 2009 = 100% 10 GEA Conference Call Presentation Q2 2016

Reported order intake development YoY/QoQ as of Q2 2016 Q2 16 Quarter selective Q2 16 LTM Share of order intake Q/Q Y/Y Y/Y Q2 16 LTM Dairy Farming 13% Dairy Processing 23% Food 24% Beverages 12% Food & Beverages 72% Pharma 7% Chemical 7% Pharma/Chemical 14% Oil & Gas 1% Marine 3% Others 9% Other Industries 14% GEA 100% Less than -5% Between -5% and -1% Between -1% and 1% Between 1% and 5% More than 5% 11 GEA Conference Call Presentation Q2 2016

Order backlog development as of Q2 2016 ~60% invoiceable still in 2016 2,500 € m 2,359 2,256 2,229 2,195 2,185 2,148 2,136 2,137 2,000 € m 2,085 2,087 2,054 2,038 2,015 1,500 € m 1,000 € m 500 € m 1.07 1.08 1.07 1.05 1.02 1.01 1.00 1.01 1.00 0.99 1.00 1.02 1.03 0 € m Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 LTM BtB ratio # 12 GEA Conference Call Presentation Q2 2016

ROCE development as of Q2 2016 2,500 € m 26.7% 28% 26.6% 26.4% 25.7% 25.6% 25.4% 25.0% 24.7% 23.2% 22.9% 22.7% 22.6% 22.6% 22.1% 23% 2,188 2,137 2,000 € m 2,120 19.3% 19.6% 2,053 19.7% 2,007 1,974 1,943 1,929 1,912 1,900 1,891 1,895 1,886 18% 16.4% 14.5% 14.6% 1,500 € m 14.1% 13% 1,000 € m 8% 500 € m 3% 0 € m -2% Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Capital Employed (average LTM) ROCE (average LTM) op. ROCE (average LTM) ROCE LTM = EBIT (LTM) / Capital employed excluding EUR ~800m goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM) Op. ROCE LTM = op. EBIT (LTM) / Capital employed excluding EUR ~800m goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999 (average LTM) 13 GEA Conference Call Presentation Q2 2016

Working capital (average LTM) to sales (LTM) ratio as of Q2 2016 700 € m 14% 13.2% 13.1% 13.1% 12.6% 12.3% 12.2% 12.1% 12.1% 11.9% 11.9% 11.8% 651 11.7% 11.7% 600 € m 12% 632 590 591 588 583 548 547 538 535 500 € m 10% 521 400 € m 8% 424 363 300 € m 6% 200 € m 4% 100 € m 2% 0 € m 0% Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Working Capital Working Capital (average LTM) as % of sales (LTM) 14 GEA Conference Call Presentation Q2 2016

Cash Flow Driver Margin as of Q2 2016 600 € m 12% 10.5% 11.1% 10.9% 10.2% 9.3% 10.1% 10.7% 10.3% 500 € m 9.6% 9.6% 9.3% 10% 9.0% 9.0% 9.0% 9.0% 8.8% 400 € m 8.3% 8% 300 € m 6.6% 6.6% 515 550 553 478 546 536 540 6.2% 6.2% 527 471 433 430 422 200 € m 6% 404 100 € m 4% 33 19 0 € m 10 -1 -19 -35 -31 -38 -41 -43 -39 -47 -54 -120 2% -126 -124 -122 -86 -87 -123 -82 -94 -87 -100 € m -114 -92 -91 -200 € m 0% Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Delta Working Capital (Average LTM) EBITDA (LTM) Capex (LTM) 1 Cash Flow Driver Margin (LTM) op. Cash Flow Driver Margin (LTM) EBITDA (LTM) Capex (LTM) ∆ Working Capital (LTM) - - + Sales (LTM) Sales (LTM) Sales (LTM) 1 Operating Cash Flow Driver Margin is based on operating EBITDA, not on reported EBITDA 15 GEA Conference Call Presentation Q2 2016