Slide 1: Q2 2025 Results
Q2 2025 Results Stefan Klebert, CEO Bernd Brinker, CFO Düsseldorf, August 7, 2025
Slide 2: Disclaimer
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 wit
Slide 3: Highlights Q2 2025
Highlights Q2 2025 Stefan Klebert, CEO Q2 2025 Results 3
Slide 4: Major KPIs further improved in Q2 2025
Major KPIs further improved in Q2 2025 Q2 2025 Q2 2024 ∆ YoY Order Intake €1,309m €1,289m +1.5% +5.0% organic Sales €1,312m €1,323m -0.9% +1.5% organic EBITDA1 €217m +8.1% EBITDA1 margin 16.5% +1.3%p ROCE1,2 35.3% +3.0%p 1 Before restructuring expenses I 2 Capital Employed as average of L4Q Q2 2025
Slide 5: Therefore, we significantly raised our guidance for FY 2025
Therefore, we significantly raised our guidance for FY 2025 Organic sales growth EBITDA margin ROCE1 (currency and portfolio adjusted) (Before restructuring expenses) (Before restructuring expenses) % YoY % % 2.0-4.0 16.2-16.4 34.0-38.0 (prior 1.0-4.0) (prior 15.6-16.0) (prior 30.0-35.0) (FY 2024: 4
Slide 6: One of GEA's largest single orders to date: world's largest integrated dairy
One of GEA’s largest single orders to date (€140-170m): World’s largest integrated dairy farm and milk powder facility Agreement signed with Baladna, order expected to be booked in H2 2025 GEA covers the entire value chain of milk powder production – from dairy farming to processing to packaging Pro
Slide 7: Opening of GEA's New Food Application & Technology Center
Opening of GEA’s New Food Application & Technology Center on GEA’s Janesville campus, Wisconsin 2nd global Center of Excellence dedicated to alternative proteins and sustainable food Bridging the gap between laboratory innovation and industrial scaling Strengthening GEA’s North American footprint Q2
Slide 8: Another important recognition for our sustainable leadership
Another important recognition for our sustainable leadership TIME and Statista evaluated over 5,000 global businesses and have named 500 companies doing best for the Earth. GEA ranks globally NO. 12 up from rank 331 in Germany NO. 2 up from rank 31 1 In the 2024 evaluation Source: World’s Most Susta
Slide 9: Update on U.S. tariffs
Update on U.S. tariffs Negligible impact for GEA despite higher tariffs GEA’s U.S. exposure U.S. sales split in FY 2024 ▪ U.S. accounted for ~18% of our sales in 2024, thereof ~1/3 were generated with products imported (mainly Europe; imported >50% from Germany) from rest imported of World ▪ ~90% of
Slide 10: Business & Financial Review Q2 2025
Business & Financial Review Q2 2025 Bernd Brinker, CFO Q2 2025 Results 10
Slide 11: Executive Summary Q2 2025
Executive Summary Q2 2025 Another significant margin improvement Δ Δ €m Q2 25 Q2 24 reported organic Strong organic order intake from base business and orders Order intake 1,309 1,289 1.5% 5.0% between €5m and €15m Solid growth in organic service sales; minor decline in organic Sales 1,312 1,323 -0.
Slide 12: GEA Group
GEA Group Q2 25: Solid organic order intake & another strong EBITDA1 margin increase % Organic change 4.2% Order Intake, €m Organic order intake 5.0% YoY 2.6% − Growth in base orders <€1m and midsized orders between 2,724 1,598 €5m and €15m 2,654 1,289 1,301 1,415 1,309 − Growth mainly driven by c
Slide 13: Division Separation & Flow Technologies (SFT)
Division Separation & Flow Technologies (SFT) Q2 25: Strong order intake, new machine sales growth & record EBITDA1 margin % Organic change Order Intake, €m Organic order intake 8.2% YoY 4.9% − Strong growth in base orders <€1m 3.9% 442 − Growth mainly driven by customer industries Dairy 823 389 3
Slide 14: Division Liquid & Powder Technologies (LPT)
Division Liquid & Powder Technologies (LPT) Q2 25: Further EBITDA1 margin improvement % Organic change Order Intake, €m Organic order intake 10.7% YoY 3.0% 4.6% − Growth in customer industries Food, New Food and Dairy Processing not enough to compensate the decline in 789 582 753 400 427 407 Bever
Slide 15: Division Food & Healthcare Technologies (FHT)
Division Food & Healthcare Technologies (FHT) Q2 25: Strong top-line growth & further sequential EBITDA1 margin improvement % Organic change Order Intake, €m 7.1% Organic order intake 10.0% YoY 3.5% 302 − YoY growth despite no large order (Q2 24: one large order of 531 268 513 254 238 263 €15m in
Slide 16: Division Farm Technologies (FT)
Division Farm Technologies (FT) Q2 25: Significant increase in order intake % Organic change Order Intake, €m Organic order intake 34.3% YoY 19.2% 18.0% − Pick-up in new machine business, especially in automated 421 214 207 milking systems and automated feeding solutions 357 185 158 161 − €6m nega
Slide 17: Division Heating & Refrigeration Technologies (HRT)
Division Heating & Refrigeration Technologies (HRT) Q2 25: Strong sales growth & EBITDA1 margin improvement % Organic change 1.7% Order Intake, €m Organic order intake 2.2% YoY 1.7% − Stable demand development in base orders (<€1m) − Good demand in customer industries Beverage and Oil & Gas 305 30
Slide 18: Strong EBITDA performance in H1 and Q2 2025
Strong EBITDA1 performance in H1 and Q2 2025 Almost all divisions with an increase in gross profit H1 25 EBITDA1 growth contribution by divisions in €m Q2 25 EBITDA1 growth contribution by divisions in €m -8 -2 2 5 -5 20 -12 217 415 11 8 -2 12 21 381 201 Sales Sales Sales Sales Sales Sales
Slide 19: Strong Net Working Capital performance
Strong Net Working Capital performance NWC/sales ratio stable within the guided corridor ▪ YoY NWC reduction mainly due to a combination of lower inventories, higher trade payables and lower trade receivables ▪ Lower contract assets partially compensated decline in contract 800 €m 20% liabilities (a
Slide 20: Solid Cash Flow in Q2 2025
Solid Cash Flow in Q2 2025 FCF Free Cash Flow Q2 25, €m ▪ NWC -€42m: outflow mainly driven by -42 higher inventories and higher trade -22 receivables -6 -64 ▪ Others -€64m: mainly related to 217 translation effect (mainly USD and CNY) -59 and VAT 82 14 -18 38 -6 14 ▪ Positive FCF of €38m EBITDA Delt
Slide 21: Solid cash conversion of 55% in L4Q
Solid cash conversion1 of 55% in L4Q Free Cash Flow H1 25, €m FCF generation during L4Q per Q2 25, €m -49 38 -103 -55 -8 353 415 -184 468 65 -92 -11 126 16 -36 -58 -12 EBITDA Delta NWC Taxes Cash-out Others Operating Capex Others Free Cash Lease Interests Net Cash Q3 24 Q4 24 Q1 25 Q2 25 Q2 25 L4Q b
Slide 22: Outlook FY 2025
Outlook FY 2025 Stefan Klebert, CEO Q2 2025 Results 22
Slide 23: Good order intake development
Good order intake development Order 6,500 intake rolling L4Q in €m 6,000 6,500 5,679 5,716 5,694 5,593 5,615 5,570 5,553 5,603 5,623 5,484 5,469 5,500 5,254 5,215 6,000 5,162 5,000 5,500 4,500 4,000 5,000 3,500 4,500 3,000 2,500 4,000 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24
Slide 24: Significantly raised guidance for FY 2025
Significantly raised guidance for FY 2025 Organic sales growth EBITDA margin ROCE1 (currency and portfolio adjusted) (Before restructuring expenses) (Before restructuring expenses) % YoY % % 2.0-4.0 16.2-16.4 34.0-38.0 (prior 1.0-4.0) (prior 15.6-16.0) (prior 30.0-35.0) (FY 2024: 4.6%) (FY 2024: 15.
Slide 25: Roadmap for 2025
Roadmap for 2025 November 6, March 10, Today 2025 2026 Q2 Q3 FY 2025 2025 2025 Q2 2025 Results 25
Slide 26: Appendix
Appendix Q2 2025 Results 26
Slide 27: GEA – Q2 2025 figures
GEA – Q2 2025 figures Sales by Customer Industry (L4Q) [in €m] Q2 24 Q2 25 Δ YoY L4Q Q2 24 L4Q Q2 25 Δ YoY Order Intake 1,5% 8,9% 1.289,4 1.309,1 5.161,7 5.622,6 Organic 1 5,0% 10,9% 13% Dairy Farming -3% YoY 16% Dairy Processing 6% YoY Sales -0,9% 1,9% Food 4% YoY 1.323,3 1.311,8 5.324,9 5.427,9 Or
Slide 28: Separation & Flow Technologies – Q2 2025 figures
Separation & Flow Technologies – Q2 2025 figures Sales by Customer Industry (L4Q) [in €m] Q2 24 Q2 25 Δ YoY L4Q Q2 24 L4Q Q2 25 Δ YoY Order Intake 5,7% 8,6% 389,1 411,2 1.512,5 1.642,9 1 0% Dairy Farming n.a. Organic 8,2% 11,5% 22% Dairy Processing 6% YoY Sales 0,5% 7,1% 29% Food 19% YoY 382,8 384,6
Slide 29: Liquid & Powder Technologies – Q2 2025 figures
Liquid & Powder Technologies – Q2 2025 figures Sales by Customer Industry (L4Q) [in €m] Q2 24 Q2 25 Δ YoY L4Q Q2 24 L4Q Q2 25 Δ YoY Order Intake -13,5% 11,6% 400,0 346,0 1.578,2 1.761,4 1% Organic 1 -10,7% 12,8% Dairy Farming -83% YoY 0% Dairy Processing 6% YoY 20% Sales -8,7% -3,9% Food 4% YoY 416,
Slide 30: Food & Healthcare Technologies – Q2 2025 figures
Food & Healthcare Technologies – Q2 2025 figures Sales by Customer Industry (L4Q) [in €m] Q2 24 Q2 25 Δ YoY L4Q Q2 24 L4Q Q2 25 Δ YoY Order Intake 3,4% 7,0% 0% 254,2 262,9 1.000,5 1.070,3 Organic 1 10,0% 8,7% Dairy Farming 46% YoY 22% Dairy Processing n.a. Sales 9,4% 3,0% Food 0% YoY 239,7 262,2 1.0
Slide 31: Farm Technologies – Q2 2025 figures
Farm Technologies – Q2 2025 figures Sales by Customer Industry (L4Q) [in €m] Q2 24 Q2 25 Δ YoY L4Q Q2 24 L4Q Q2 25 Δ YoY Order Intake 30,7% 9,2% 158,3 207,0 702,8 767,2 Organic 1 34,3% 12,4% Dairy Farming -4% YoY Dairy Processing n.a Sales -4,0% -4,4% Food n.a 190,0 182,3 779,7 745,0 Organic 1 -1,6%
Slide 32: Heating & Refrigeration Technologies – Q2 2025 figures
Heating & Refrigeration Technologies – Q2 2025 figures Sales by Customer Industry (L4Q) [in €m] Q2 24 Q2 25 Δ YoY L4Q Q2 24 L4Q Q2 25 Δ YoY Order Intake -3,6% 5,3% 142,4 137,2 571,0 601,1 3% Organic 1 -2,2% 4,9% Dairy Farming n.a 17% Dairy Processing 24% YoY Sales 4,3% 10,3% Food -7% YoY 143,8 150,0
Slide 33: Service sales
Service sales 592 529 60 512 514 525 526 477 488 57 472 55 59 61 55 102 51 50 54 87 91 96 98 93 86 90 98 90 96 86 90 91 90 82 84 InsertPicture 86 128 108 109 104 108 102 104 111 101 197 223 175 180 180 194 191 189 161 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 SFT LPT FHT FT HRT Figures a
Slide 34: Order Intake development Q2 2025
Order Intake development Q2 2025 by division YoY change In €m Q2 24 Δ M&A Δ FX Δ Organic Q2 25 Seperation & Flow 0 -10 32 411 389 Technologies 0.0% -2.5% 8.2% 5.7% Liquid & Powder 0 -11 -43 346 400 Technologies 0.0% -2.8% -10.7% -13.5% Food & Healthcare -13 -2 24 263 254 Technologies -5.2% -1.0% 10.
Slide 35: Sales development Q2 2025
Sales development Q2 2025 by division YoY change In €m Q2 24 Δ M&A Δ FX Δ Organic Q2 25 Seperation & Flow 0 -9 11 385 383 Technologies 0.0% -2.4% 2.9% 0.5% Liquid & Powder 0 -9 -27 380 416 Technologies 0.0% -2.1% -6.6% -8.7% Food & Healthcare -4 -2 29 262 240 Technologies -1.7% -1.0% 12.2% 9.4% 0 -5
Slide 36: Order intake split as of Q2 2025 L4Q
Order intake split as of Q2 2025 L4Q : Top 30 countries account for 85% of order intake Top DM Countries Share Delta LTM % BtB Top EM Countries Share Delta LTM % BtB United States 18% 1,02 China 8% 1,03 Germany 8% 1,00 Poland 3% 1,17 Netherlands 4% 1,01 India 3% 1,28 United Kingdom 3% 0,78 Brazil 3%
Slide 37: FX development
FX development FX rates Jun Δ FX YoY Jun 2025 vs Currency % total Jun YTD * YTD Jun 2024 (average) EUR 45% - - USD 19% 1,09 1% CNY 6% 7,92 2% GBP 4% 0,84 -1% DKK InsertPicture 3% 7,46 0% PLN 2% 4,23 -2% INR 2% 94,07 5% NZD 2% 1,88 6% CAD 2% 1,54 5% BRL 2% 6,29 15% SGD 1% 1,45 -1% *Share of functiona
Slide 38: Strong financial position and solid financial flexibility
Strong financial position and solid financial flexibility Maturity structure cash credit lines (€m) Finance KPIs End of End of €m Δ Maturity/Year Limit Utilized Comments Q2 25 Q2 24 Committed syndicated liquidity Cash and cash equivalents 298 313 back-up credit facility of 2028 650 0 - Bank liabil
Slide 39: Additional financial information for FY 2025
Additional financial information for FY 2025 Depreciation & Financial result Tax rate Capex Amortization (incl. PPA, IFRS 16)1 around around around around €210m -€30m 29%2 €255m thereof impact from PPA around €10m 1 Before restructuring expenses I 2 Estimation does not include a potential additional
Slide 40: Divisional guidance FY 2025
Divisional guidance FY 2025 Revenue development (organic1) Forecast for 2025 2024 EBITDA margin before restructuring Forecast for 2025 2024 Separation & Flow Technologies +0.0% to +3.0% €1,581m Separation & Flow Technologies 27.5% to 29.5% 27.4% Liquid & Powder Technologies +2.0% to +6.0% €1,674m Li
Slide 41: Historical timeline (1/4)
Historical timeline (1/4) Order Intake €m Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 SFT 409 420 368 341 1.537 457 378 351 370 1.556 402 389 378 442 1.612 411 411 LPT 526 402 459 478 1.865 511 453 411 379 1.754 389 400 427 582 1.797 407 346
Slide 42: Historical timeline (2/4)
Historical timeline (2/4) Order Backlog €m Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 SFT 572 650 652 592 592 670 663 617 594 594 633 634 598 612 612 616 614 LPT 1.508 1.500 1.541 1.496 1.496 1.599 1.598 1.581 1.445 1.445 1.472 1.440 1.402 1
Slide 43: Historical timeline (3/4)
Historical timeline (3/4) Depreciation & amortization2 €m Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 SFT (10) (10) (10) (12) (42) (10) (11) (11) (12) (44) (12) (12) (13) (14) (52) (13) (14) LPT (8) (8) (8) (9) (34) (8) (8) (9) (10) (35) (8)
Slide 44: Historical timeline (4/4)
Historical timeline (4/4) EBIT €m Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 SFT 71 57 82 79 288 83 87 94 84 348 82 89 94 107 372 90 101 LPT 18 31 40 36 125 19 31 36 46 132 12 23 39 39 114 27 30 FHT 10 10 18 21 59 10 1 4 (7) 9 9 13 12 3 36 1
Slide 45: GEA.com
| Engineering for a better world. GEA.com