Gea Group Aktiengesellschaft · XETR:G1A
Gea Group Aktiengesellschaft — GEA Group — FY 2024 Earnings Presentation
58 slides from Gea Group Aktiengesellschaft's earnings presentation, Mar 11, 2025
Slide 1: FY/Q4 2024 Results
FY/Q4 2024 Results Stefan Klebert, CEO Bernd Brinker, CFO Düsseldorf, March 11, 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 FY 2024
Highlights FY 2024 Stefan Klebert, CEO Q4/FY 2024 Results 3
Slide 4: 2024 – a strong year for GEA …
2024 – a strong year for GEA … Strong financial year 2024 Say on Climate Organic sales 98.4 % EBITDA1 margin Voted in favour of GEA’s Climate Transition Plan ROCE1,2 2040 Misson 26 accomplished Mission 30 launched 1 Before restructuring expenses I 2 Capital Employed as average of L4Q Q4/FY 2024 Resu
Slide 5: … and for our shareholders
… and for our shareholders Total shareholder return GEA vs. MDAX, STOXX TMI Industrial Engineering & DAX50 ESG 40% 30% GEA +30.7% 20% DAX 50 ESG +15.7% 10% 0% STOXX TMI +0.5% MDAX -10% -5.7% -20% Dec 23 Jan 24 Feb 24 Mar 24 Apr 24 May 24 Jun 24 Jul 24 Aug 24 Sep 24 Oct 24 Nov 24 Dec 24 GEA’s share p
Slide 6: GEA with strong financial KPIs in FY 2024
GEA with strong financial KPIs in FY 2024 FY 2024 FY 2023 ∆ YoY Order Intake €5,553m €5,469m +1.5% +4.6% organic Sales €5,422m €5,373m +0.9% +3.7% organic EBITDA1 €837m +8.1% EBITDA1 margin 15.4% +1.0%p ROCE1,2 33.8% +1.1%p Dividend per Share €1.153 €1.00 +15.0% 1 Before restructuring expenses I 2 C
Slide 7: Achieved 2 years earlier
Achieved 2 years earlier 7% 15.4% 33.8% Q4/FY 2024 Results 7
Slide 8: Mission 30: Our plan for enduring success
Mission 30: Our plan for enduring success Ambitious plan for growing and highly profitable business Impact. Resilient communities Thriving employees Responsible innovation >5% 17-19% >45% Organic sales EBITDA margin ROCE CAGR Growth. Value. Future-ready portfolio Optimized cost structures in key geo
Slide 9: ESG Highlights 2024
ESG Highlights 2024 First company in the DAX index family with Say on Climate vote 98.4% shareholder approval for our Climate Transition Plan 2040 at the AGM in 2024 2 sustainability KPIs launched contributing to our purpose Engineering for a better world Share of sustainable solution sales >60% by
Slide 10: Climate strategy: Well on track for ambitious targets
Climate strategy: Well on track for ambitious targets Scope 3 27.5% Emission reduction in % 33% Scope 1 & 2 60% Scope 1 & 2 58% 80% Time 2019 2024 2026 2030 2040 Reference year FY results Short-term target Mid-term target Net Zero 10 FY/Q4 2024 Results
Slide 11: Share of sustainable solutions sales
Share of sustainable solutions sales1 2030 2024 >60% 41.6% Thereof 39.5% EU taxonomy aligned 1 The basis for calculating the share of sustainable solutions sales is the aggregation of sales from the Add Better portfolio, solutions that are classified as sustainable in accordance with the regulatory
Slide 12: Innovation: GEA Centrifuge Water Saving Unit
Innovation: GEA Centrifuge Water Saving Unit Customer example: Dairy SalzburgMilch ▪ Dairy customer was looking for an innovation to manufacture its products as sustainably as possible ▪ In March 2024 the Water Saving Unit was piloted at a GEA separator on their site ▪ Significant reduction in fresh
Slide 13: Innovation: EngySpeed
Innovation: EngySpeed Our solution for resource-saving dairy production Instead of smaller but faster rotating centrifuges, larger bowl diameters with lower bowl speed Same throughput with less speed and power requirements Reduction of energy costs by up to 40% Payback period of 5 years Q4/FY 2024 R
Slide 14: Innovation: Continuous Direct Compression line
Innovation: Continuous Direct Compression line Our solution for continuous tablet production Multiple R&D systems supplied for product development First commercial production lines successfully comissioned Orders for multiple production lines received in 2024 with a total value of more than €50m Con
Slide 15: Launch of GEA Foundation
Launch of GEA Foundation Impact. Resilient communities Thriving employees Responsible innovation >5% 17-19% >45% Organic sales EBITDA margin ROCE CAGR Growth. Value. Future-ready portfolio Optimized cost structures in key geographies and efficient processes Digitalization AI Innovation Sustainabilit
Slide 16: Greater impact together with strong organizations
Greater impact together with strong organizations Q4/FY 2024 Results 16
Slide 17: Business & Financial Review Q4 2024
Business & Financial Review Q4 2024 Bernd Brinker, CFO Q4/FY 2024 Results 17
Slide 18: Executive Summary Q4 2024
Executive Summary Q4 2024 Strong top-line growth & significant margin improvement Δ Δ €m Q4 24 Q4 23 reported organic Seven large orders (>€15m) totaling €230m vs. two large orders Order intake 1,598 1,260 26.8% 29.3% in Q4 23 of €41m; strong development in orders <€1m continued Sales 1,508 1,409 7.
Slide 19: GEA Group
GEA Group Q4 24: Record order intake, strong sales growth & EBITDA1 margin increase % Organic change 4.6% Order Intake, €m Organic order intake 29.3% YoY 1.5% − Strong growth in all order size brackets except for order size 5,469 5,553 1,598 between €1m and €5m 1,260 1,365 1,289 1,301 − Growth dri
Slide 20: Division Separation & Flow Technologies (SFT)
Division Separation & Flow Technologies (SFT) Q4 24: Strong top-line growth & record EBITDA1 margin % Organic change Order Intake, €m 9.9% Organic order intake 24.1% YoY 3.5% 442 − Growth driven by customer industries Food, Dairy Processing 1,612 402 389 1,556 370 378 and Beverage − All regions wi
Slide 21: Division Liquid & Powder Technologies (LPT)
Division Liquid & Powder Technologies (LPT) Q4 24: Record order intake & strong service sales growth % Organic change Order Intake, €m Organic order intake 54.5% YoY 4.1% 2.5% − Six large orders (>€15m) totaling €192m vs. two large orders 1,797 of €41m last year 1,754 582 389 400 427 − Growth main
Slide 22: Division Food & Healthcare Technologies (FHT)
Division Food & Healthcare Technologies (FHT) Q4 24: Strong order intake growth & continuous EBITDA1 margin improvement % Organic change 2.5% Order Intake, €m 2.5% Organic order intake 19.7% YoY 302 − One large order ( >€15m) totaling €38m in Pharma 1,052 1,027 251 259 254 238 − Growth driven by b
Slide 23: Division Farm Technologies (FT)
Division Farm Technologies (FT) Q4 24: Order intake increase, strong service sales growth & EBITDA1 margin expansion % Organic change -5.4% Order Intake, €m Organic order intake 9.4% YoY -10.8% - Strong development in base orders (<€1m) 788 199 - Growth in service business and conventional milking
Slide 24: Division Heating & Refrigeration Technologies (HRT)
Division Heating & Refrigeration Technologies (HRT) Q4 24: Strong top-line growth & further EBITDA1 margin expansion % Organic change 4.0% Order Intake, €m Organic order intake 19.7% YoY 4.4% − Customer industry Food as main growth driver, but also Distribution & Storage, Pharma and Dairy Processi
Slide 25: Strong EBITDA performance in FY and Q4 2024
Strong EBITDA1 performance in FY 24 and Q4 2024 All divisions with an increase in gross profit FY 24 EBITDA1 growth contribution by divisions in €m Q4 24 EBITDA1 growth contribution by divisions in €m 12 5 -20 -9 239 9 837 8 25 10 0 -3 38 23 774 204 Sales Sales Sales Sales Sales Sales Sa
Slide 26: Strong Net Working Capital performance
Strong Net Working Capital performance NWC/sales ratio better than guided corridor ▪ NWC down YoY driven by strong reduction in inventories ▪ QoQ NWC reduction mainly due to a combination of lower20% 800 €m inventories and higher trade payables overcompensating the increase in trade receivables 700
Slide 27: Strong cash generation in Q4 2024
Strong cash generation in Q4 2024 Free cashflow at record level FCF Free Cash Flow Q4 24, €m ▪ NWC €167m: inflow driven by 105 -42 -115 higher trade payables and lower -14 13 -18 167 -10 inventories ▪ Others €105m: mainly related to 455 353 provisions for bonuses 239 325 ▪ Record FCF of €353m EBITDA
Slide 28: Strong cash conversion of 64% in L4Q
Strong cash conversion1 of 64% in L4Q Free Cash Flow FY 24, €m FCF generation during FY 24, €m 9 -125 -31 21 -237 31 -68 353 837 -19 711 505 505 418 126 EBITDA Delta NWC Taxes Cash-out Others Operating Capex Others Free Cash Lease Interests Net Cash -57 83 before Restructuring Cash flow Flow payment
Slide 29: Attractive shareholder returns
Attractive shareholder returns Development of dividend per share since 20191 Cash-out for share buybacks since 2019 in €m 400 2 2 300 1.15 230 206 1.00 0.95 ~120 0.90 94 0.85 0.85 3 53 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 1 Dividend
Slide 30: Share buyback of €400m until April 2025
Share buyback of €400m until April 2025 Execution on track: 1st tranche of €150m completed; 2nd tranche of €250m started in June 2024 Status as of 31.12.2024 Status as of 10.03.2025 €284m €347m Executed2 (71% of total) (87% of total) Number of 7,345,848 8,564,331 shares 4.26% of outstanding shares1
Slide 31: Outlook FY 2025
Outlook FY 2025 Stefan Klebert, CEO Q4/FY 2024 Results 31
Slide 32: 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 5,484 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 Q4 24 Q4/FY
Slide 33: Order backlog at €3.1bn on prior years' level
Order backlog at €3.1bn on prior years’ level >80% sales conversion in 2025 (in €bn) 3.2 3.1 3.1 2.9 2.6 2.8 0.5 0.3 0.3 2022 2023 2024 Order backlog sales conversion in 2023 Order backlog sales conversion in 2024 Order backlog sales conversion in 2025 Order backlog sales conversion after 2023 Order
Slide 34: Guidance for FY 2025
Guidance for FY 2025 Organic sales growth EBITDA margin ROCE1 (currency and portfolio adjusted) (Before restructuring expenses) (Before restructuring expenses) % YoY % % 1.0-4.0 15.6-16.0 30.0-35.0 (FY 2024: 3.7%) (FY 2024: 15.4%) (FY 2024: 33.8%) For divisional guidance please refer to slide 53 in
Slide 35: EBITDA margin bridge FY 2025 in %
EBITDA1 margin bridge FY 2025 in % Guidance: 15.6-16.0 15.4 1 1 EBITDA margin FY24 Mission 26 bonus Personnel cost Pricing G&A contribution COGS contribution EBITDA margin FY25 (net) increase 1 Before restructuring expenses Q4/FY 2024 Results 35
Slide 36: Key Priorities FY 2025
Key Priorities FY 2025 GROWTH. Order intake growth Push for innovation Focus on growth verticals VALUE. Transform 360 Automation & digitalization COGS IMPACT. Roll-out Add Better GEA foundation Save CO2 emissions Q4/FY 2024 Results 36
Slide 37: Roadmap for 2025
Roadmap for 2025 April 30, May 8, August 7, November 6, Today 2025 2025 2025 2025 FY/Q4 AGM Q1 Q2 Q3 2024 FY 2024 2025 2025 2025 (virtual) Q4/FY 2024 Results 37
Slide 38: Appendix
Appendix Q4/FY 2024 Results 38
Slide 39: GEA – Q4 2024 figures
GEA – Q4 2024 figures Sales by Customer Industry (L4Q) [in €m] Q4 23 Q4 24 Δ YoY L4Q Q4 23 L4Q Q4 24 Δ YoY Order Intake 26,8% 1,5% 1.259,9 1.598,0 5.469,4 5.553,0 Organic 1 29,3% 4,6% 14% Dairy Farming -1% YoY 16% Dairy Processing 3% YoY Sales 7,0% 0,9% Food 1% YoY 1.409,3 1.507,8 5.373,5 5.422,1 Or
Slide 40: Separation & Flow Technologies – Q4 2024 figures
Separation & Flow Technologies – Q4 2024 figures Sales by Customer Industry (L4Q) [in €m] Q4 23 Q4 24 Δ YoY L4Q Q4 23 L4Q Q4 24 Δ YoY Order Intake 19,4% 3,5% 370,5 442,5 1.556,5 1.611,7 0% Dairy Farming n.a Organic 1 24,1% 9,9% 22% Dairy Processing 0% YoY Sales 18,8% 4,6% 28% Food 27% YoY 368,5 437,
Slide 41: Liquid & Powder Technologies – Q4 2024 figures
Liquid & Powder Technologies – Q4 2024 figures Sales by Customer Industry (L4Q) [in €m] Q4 23 Q4 24 Δ YoY L4Q Q4 23 L4Q Q4 24 Δ YoY Order Intake 53,6% 2,5% 378,8 582,0 1.754,0 1.797,3 1% Organic 1 54,5% 4,1% Dairy Farming n.a 0% Dairy Processing 6% YoY 21% Sales 3,5% -2,9% Food -12% YoY 465,9 482,4
Slide 42: Food & Healthcare Technologies – Q4 2024 figures
Food & Healthcare Technologies – Q4 2024 figures Sales by Customer Industry (L4Q) [in €m] Q4 23 Q4 24 Δ YoY L4Q Q4 23 L4Q Q4 24 Δ YoY Order Intake 20,0% 2,5% 251,2 301,6 1.026,7 1.052,4 0% Dairy Farming n.a Organic 1 19,7% 2,5% 20% Dairy Processing n.a Sales -4,7% -2,2% Food -2% YoY 290,2 276,6 1.02
Slide 43: Farm Technologies – Q4 2024 figures
Farm Technologies – Q4 2024 figures Sales by Customer Industry (L4Q) [in €m] Q4 23 Q4 24 Δ YoY L4Q Q4 23 L4Q Q4 24 Δ YoY Order Intake 2,4% -10,8% 180,4 184,8 788,3 703,0 Organic 1 9,4% -5,4% Dairy Farming -1% YoY Dairy Processing n.a Sales 4,2% -1,4% Food n.a 192,8 201,0 784,3 773,2 Organic 1 7,8% 3
Slide 44: Heating & Refrigeration Technologies – Q4 2024 figures
Heating & Refrigeration Technologies – Q4 2024 figures Sales by Customer Industry (L4Q) [in €m] Q4 23 Q4 24 Δ YoY L4Q Q4 23 L4Q Q4 24 Δ YoY Order Intake 20,9% 4,4% 124,0 149,9 580,8 606,2 2% Organic 1 19,7% 4,0% Dairy Farming n.a 18% Dairy Processing -26% YoY Sales 15,5% 8,5% Food -13% YoY 146,6 169
Slide 45: Service sales
Service sales 592 529 60 512 514 486 477 488 57 465 472 55 55 102 52 51 50 51 54 87 91 96 95 86 90 98 89 90 96 86 90 83 79 82 InsertPicture 86 84 128 108 109 98 102 104 111 90 101 197 223 174 174 175 180 180 194 161 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 SFT LPT FHT FT HRT Figures are
Slide 46: Order Intake development Q4 2024
Order Intake development Q4 2024 by division YoY change In €m Q4 23 Δ M&A Δ FX Δ Organic Q4 24 Seperation & Flow 0 -17 89 442 370 Technologies 0.0% -4.6% 24.1% 19.4% Liquid & Powder 0 -3 207 582 379 Technologies 0.0% -0.9% 54.5% 53.6% Food & Healthcare 0 1 50 302 251 Technologies 0.0% 0.3% 19.7% 20.
Slide 47: Sales development Q4 2024
Sales development Q4 2024 by division YoY change In €m Q4 23 Δ M&A Δ FX Δ Organic Q4 24 Seperation & Flow 0 -16 85 438 368 Technologies 0.0% -4.4% 23.2% 18.8% Liquid & Powder 0 -3 20 482 466 Technologies 0.0% -0.7% 4.2% 3.5% Food & Healthcare 0 1 -14 277 290 Technologies 0.0% 0.3% -5.0% -4.7% 0 -7 1
Slide 48: Sales development Q4 2024
Sales development Q4 2024 New machine and service sales by division YoY change NM sales Q4 24; SER sales Q4 24; SER share Q4 24; Sales Q4 24; In €m org. Δ YoY org. Δ YoY Δ YoY org. Δ YoY Seperation & Flow 214 223 51.0% 438 Technologies 14.9% 31.9% 2.2%p 23.2% Liquid & Powder 354 128 26.6% 482 Techno
Slide 49: Order intake split as of Q4 2024 L4Q
Order intake split as of Q4 2024 L4Q: Top 30 countries account for 86% of order intake Top DM Countries Share Delta LTM % BtB Top EM Countries Share Delta LTM % BtB United States 18% 1,05 China 8% 1,06 Germany 8% 0,96 Poland 3% 1,03 United Kingdom 4% 0,97 India 3% 1,05 Netherlands 4% 1,01 Mexico 2%
Slide 50: FX development
FX development FX rates Dec % total Dec YTD Δ FX YoY Dec 2024 vs Currency YTD * Dec 2023 (average) EUR 43% - - USD 18% 1,08 0% CNY 6% 7,79 2% GBP 4% 0,85 -3% DKK InsertPicture 3% 7,46 0% PLN 3% 4,31 -5% INR 2% 90,55 1% AUD 2% 1,64 1% CAD 2% 1,48 2% BRL 2% 5,83 8% SGD 1% 1,45 0% *Share of functional
Slide 51: 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 Drawn undrawn Comments Q4 24 Q4 23 Evergreens, committed Cash and cash equivalents 638 624 Until further notice 4 57 bilateral credit lines with core ba
Slide 52: 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 €235m thereof impact from PPA around €10m 1 Before restructuring expenses I 2 Estimation does not include a potential additional
Slide 53: 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 26.5% to 28.5% 27.4% Liquid & Powder Technologies +2.0% to +6.0% €1,674m Li
Slide 54: Historical timeline (1/4)
Historical timeline (1/4) Order Intake €m Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 SFT 341 356 345 316 1.359 409 420 368 341 1.537 457 378 351 370 1.556 402 389 378 442 1.612 LPT 388 389 510 461 1.748 526 402 459 478 1.86
Slide 55: Historical timeline (2/4)
Historical timeline (2/4) Order Backlog €m Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 SFT 436 472 508 489 489 572 650 652 592 592 670 663 617 594 594 633 634 598 612 612 LPT 1.188 1.194 1.316 1.353 1.353 1.508 1.500 1.541 1
Slide 56: Historical timeline (3/4)
Historical timeline (3/4) Depreciation & amortization2 €m Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 SFT (10) (10) (10) (13) (42) (10) (10) (10) (12) (42) (10) (11) (11) (12) (44) (12) (12) (13) (14) (52) LPT (8) (8) (8) (8
Slide 57: Historical timeline (4/4)
Historical timeline (4/4) EBIT €m Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 SFT 52 65 73 69 259 71 57 82 79 288 83 87 94 84 348 82 89 94 107 372 LPT 14 28 35 35 111 18 31 40 36 125 19 31 36 46 132 12 23 39 39 114 FHT 8 11
Slide 58: GEA.com
| Engineering for a better world. GEA.com