Gea Group Aktiengesellschaft · XETR:G1A
Gea Group Aktiengesellschaft — GEA Group — Q3 2015 Earnings Presentation
71 slides from Gea Group Aktiengesellschaft's earnings presentation, Oct 28, 2015
Slide 1: GEA on Roadshows and Conferences - Q3 2015
GEA on Roadshows and Conferences - Q3 2015 Düsseldorf, October 28th, 2015
Slide 2: Disclaimer
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 tha
Slide 3: Table of Contents
Table of Contents GEA Equity Story Pages 4 - 27 Q3 2015 Results Presentation Pages 29 - 45 Back-ups Pages 51 - 59 Historical Key Figures GEA Group & BAs Pages 60 - 68 ADR Information Page 69 3 GEA on Roadshows and Conferences - Q3 2015 engineering for a better world
Slide 4: GEA in summary
GEA in summary GEA is a global leader in equipment and process technology providing innovative solutions for smart food processing and for a more efficient use of energy resources. Sales Operating EBIT Margin Employees Market Cap EUR 4.5bn (FY14) 11.4% (FY14) ~18,000 (Sep 15) >EUR 6bn (Sep 15) Dairy
Slide 5: GEA in summary: food processed by GEA equipment
GEA in summary You are in touch with food processed by GEA equipment every day… Every 4th liter Every 3rd chicken Every 2nd liter of Every 3rd instant of milk processed is nugget is processed beer is brewed using coffee line has been handled by GEA with GEA GEA equipment built by GEA. equipment. equ
Slide 6: GEA's food exposure 75% - 80%
GEA’s food exposure 75% - 80% Sales exposure 2020: No 100% food exposure due to multi-purpose 75% - 80% food functionality of our products: Non- Food Food 6 GEA on Roadshows and Conferences - Q3 2015 engineering for a better world
Slide 7: What we like about the food industry (1): Steady growth due to urbanization
What we like about the food industry (1): Steady growth rates due to continuing urbanization Urbanization Today the world’s Illustrative Developed economies population lives (B) 300 KM 1.0 1.1 50% in the cities 2010 2050 necessary agricultural supply area 50% Emerging markets Shanghai in the country
Slide 8: What we like about the food industry (2): Stable consumer spending
What we like about the food industry (2): Stable consumer spending also in tough times Economically Economically good times difficult times 8 GEA on Roadshows and Conferences - Q3 2015 engineering for a better world
Slide 9: What we like about the food industry (3): Zero failure tolerance
What we like about the food industry (3): Zero failure tolerance a significant entry barrier If equipment fails in the food industry, the end-consumer’s health could be at risk Would you as a food producer save money on a machine risking a food scandal if the machine is not working properly? 9 GEA o
Slide 10: What we like about the food industry (4): Price not the decisive criterion
What we like about the food industry (4): Price apparently not the most decisive purchase criterion Ranking of key buying criterion according to GEA customer satisfaction survey, September 20141 Machine Quality and Performance 71% Price 30% Quality of After-Sales Service 23% … … … … … … For GEA’s cu
Slide 11: What we like about the food industry (5): Continuous launch of new products
What we like about the food industry (5): Continuous launch of new products to stimulate demand ~ 3,500 new products p.a. entering ~ 2,000 new food products p.a. the US food market in German supermarkets alone Additionally, higher resource efficiency (e.g. power, water usage) is a major competitive
Slide 12: GEA's client base is highly fragmented
What we like about the food industry (6): GEA’s client base is highly fragmented Cumulative Revenue Share 45% 40% ~ 30% of the Top 50 customers are already coming from 35% Emerging Markets 30% ~32% 25% 20% 15% 10% ~12% 5% ~2% 0% Top Customer Top 10 Top 50 Top 100 Top 150 Top 200 Number of customers
Slide 13: Local Emerging Markets food producers grow faster than multinationals
Local Emerging Markets food producers grow faster than multinationals Selection of local GEA customers in Emerging Markets Sales CAGR FY 2010-13 11% Local EM food producers1 1/3 of local players are not yet GEA customers1 32% GEA 68% customers 1 65 listed local food players in EM with sales > EUR 1b
Slide 14: Our vision GEA 2020: first choice of our customers
Our vision “GEA 2020”: To be the first choice of our customers GEA to become the globally leading engineering group to provide smart solutions to sophisticated process industries. In particular we always want to be the first choice of our customers in the relevant food industry. Our ARTE framework d
Slide 15: ARTE framework as pillars for GEA's strategy
ARTE framework as pillars for GEA’s strategy Target Footprint 2020 Applications R egions Technologies EFunctional xcellence • Exploit market • Capture global • Strengthen • Increase efficiency potential in target growth opportunities innovation and in operations and applications • Expand local techn
Slide 16: Project Fit for 2020: from four Segments to two Business Areas
Project “Fit for 2020”: From four stand-alone Segments to two integrated Business Areas Former organization New current organization Executive Board Executive Board FT ME RT PE Head- Equipment Solutions Global SSC quarter BA BA Corp. Center Support Support Support Support Regions Regions Regions Reg
Slide 17: New organizational set-up reflects all elements of ARTE strategy
New current organizational set-up (“Fit for 2020”) reflects all elements of ARTE strategy Executive Board A pplications R egions T echnologies Functional E xcellence Equipment Business Area Solutions Business Area Product Engineering & Development T Technology Centers T Product Management & Sales Ap
Slide 18: Financial Targets for FY 2017 - FY 2020: Operating EBIT Margin 13% to 16%
Financial Targets for FY 2017 - FY 2020: Operating EBIT Margin: 13% to 16% GEA has gradually managed up Operating EBIT Margin to > 11% Operating EBIT-Margin (LTM) Max. 16% Upside: • Service • Op. leverage 11.4% 11.6% • Underperforming unit 10.5% 10.3% 10.6% Min. 13% 8.8% 8.4% 6.8% 2008 2009 2010 201
Slide 19: Financial Targets
Financial Targets FY 2014 - 2020 CAGR Organic Sales Growth FY 2014 - FY 2020: 4% to 6% FY 2017 - 2020 Service to Sales Ratio: ~30% Operating EBIT Margin: 13% to 16% Working Capital to Sales Ratio: 10% to 12% Capex to Sales Ratio: 1.5% to 2.0% Cash Flow Driver Margin: 12% to 15% ROCE: 20% to 25% Net
Slide 20: Strong focus on ROCE and cash generation
Strong focus on ROCE and cash generation ROCE and Cash Flow Driver Margin: since Q1 2014 using operating EBITDA/EBIT1 26.4% 26.6% 26.7% 25.0% 25.6% 25.7% 24.7% 22.1% 19.3% 19.6% 18.6% 18.8% 16.7% 10.1% 10.2% 10.5% 10.7% 9.0% 9.6% 9.7% 9.3% 9.3% 8.3% 7.4% 4.6% 5.0% Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13
Slide 21: Stronger cash generation leading to higher dividend payout ratio
Stronger cash generation going forward leading to higher dividend payout ratio Sources of funds: Capital allocation priorities Significant cash flow 2015 - 2017 [EURbn] 1. Dividend payments: Change of payout ratio ~1 from 1/3 to 40-50% of net income ~2 2. Strengthen GEA’s application know-how by ~1
Slide 22: Targeted applications for target footprint GEA 2020
Targeted applications for target footprint “GEA 2020” 1 5 Expand in total solutions for Grow leading position in dairy edible oils, starch & sugar 2 6 Grow leading position in liquid food Enter confectionery, biscuits & pizza 3 7 Strengthen packaging Strengthen personal care competencies 4 8 Foster
Slide 23: Example how GEA executes its application strategy
Example how GEA executes its application strategy Milk intake & preparation Milk intake Milk storage Bacteria removal Standardization Pasteurization & preparation & distribution (optional) • Milking • Valves • Standardization • Sterilization • Heat parlor • Pumps separator separator exchanger • Tank
Slide 24: Acquisition criteria focus on strategy and value creation
Acquisition criteria focus on strategy and value creation A ARTE fit Applications Regions Technologies Functional Excellence B Strategic fit Market Target attractiveness attractiveness C Value creation Earnings Total share- DCF > CFD > ROCE > per share holder return Price hurdle rate hurdle rate 24
Slide 25: Summary: What we like about the food industry
Summary: What we like about the food industry Steady growth rates (catch-up in Emerging Markets) Superior margin levels (high technological requirements; high barriers to entry) Food safety concerns Product Innovation (continuous launch of new products to stimulate demand) Innovation for resource ef
Slide 26: FY 2015 guidance
FY 2015 guidance Provided that there is no further decline in global economic growth we are aiming in FY 2015 for: Sales Operating EBITDA (EURm) Cash Flow Driver Margin moderate growth 590 - 640 9.5% - 10.0% (in reported terms) (before one-offs, FX, M&A) (before one-offs, FX, M&A ) 26 GEA on Roadsho
Slide 27: Key Messages
Key Messages GEA with clear growth and profitability targets • 4% to 6% organic sales growth (FY 2014 – FY 2020) • 13% to 16% Operating EBIT-Margin (FY 2017 – FY 2020) New current organizational set-up “Fit for 2020” • Cost savings of at least EUR 125m net p.a. • New set-up offers further potential
Slide 28: engineering for a better world
engineering for a better world gea.com
Slide 29: Executive Summary Q3 2015
Executive Summary Q3 2015 Key Highlights Q3 2015: Order Sales Operating Operating Op. ROCE1 Operating CFD Intake (EURm) (EURm) EBITDA (EURm) EBIT (EURm) Margin 1,068 1,107 143.7 122.6 25.7% 10.7% D +17 bps D +140 bps D -9% YoY D -3% YoY D -4% YoY D -6% YoY YoY YoY Structural change: Structural chang
Slide 30: Key figures and change YoY Q3 2015
Key figures and change YoY Q3 2015 Order Intake1 Sales1 [EURm] D -9% [EURm] [EURm] D -3% 1,168 adjusted2: -13% adjusted2: -8% 1,068 1,146 1,107 BA Equipment 565 D -3% BA Equipment D -7% 547 598 559 D -11% D 0% BA Solutions 647 574 BA Solutions 595 594 Q3 14 Q3 15 Q3 14 Q3 15 Operating EBIT1 Operatin
Slide 31: Orders < 1m on prior year's level
Orders < 1m on prior year’s level Order Intake Development by size since Q3 2011 [EURm] 1,400 1,400 1,200 1,200 162 123 54 55 100 65 112 144 121 160 83 110 87 112 1,000 1,000 60 58 96 44 102 67 22 103 91 97 124 107 132 88 68 128 111 102 131 182 48 214 234 211 163 190 221 175 160 170 174 158 800 208
Slide 32: Regional sales split as of Q3 2015 LTM
Regional sales split as of Q3 2015 LTM North America Western Europe Eastern Europe Emerging Markets1 & CIS 18% 36% 8% 36% D YoY adj.: +1% D YoY adj.: -1% D YoY adj.: +1% D YoY adj.: -6% Top-3-Countries USA: 17% (15%) Latin America Africa Middle East Asia-Pacific D YoY adj.: -2% Germany: 10% (9%) D Y
Slide 33: Sales by customer industry as of Q3 2015 LTM
Sales by customer industry as of Q3 2015 LTM Adjusted Sales CAGR 10-14: +15% 220% Adjusted Sales CAGR 10-14: +9% 180% 140% 100% GEA Group Adjusted Sales CAGR 09-14: +6% Other Industries Dairy Farming 60% D 0% adj. YoY D -1% adj. YoY Dairy Farming Dairy Processing GEA Group 16% 14% (16%) (14%) 220% A
Slide 34: BtB ratios per region and customer industry
BtB ratios per region and customer industry as of Q3 2015 LTM Western Book to bill ratio (L4Q) Eastern Europe & CIS North America Latin America Africa Middle - East Asia - Pacific Total Europe Q3 2015 BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI BtB % of OI Dai
Slide 35: Milk production growth outperformed consumption growth
Milk production growth outperformed consumption growth in 2014 leading to stock Annual growth in world milk supply and Reasons for unbalanced markets demand (in mill. t ECM, ME) Equals 3.4% of total • Milk production increased reasonably through 2014 30 milk production due to high milk prices and fa
Slide 36: Order Backlog as of Q3 2015
Order Backlog as of Q3 2015 [EURm] 2,185 2,256 2,195 2,085 2,136 2,087 2,137 2,148 1,983 2,015 2,038 1,932 1,830 1,286 1,285 1,298 1,082 850 850 900 850 1.05 1.07 1.05 1.07 1.08 1.07 1.05 1.02 1.01 1.00 1.01 1.00 0.99 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 Orde
Slide 37: ROCE Development as of Q3 2015
ROCE Development as of Q3 2015 [EURm] 26.4% 26.6% 26.7% 25.6% 25.7% 24.7% 25.0% 22.1% 22.6% 22.9% 23.2% 22.6% 22.7% 19.3% 19.6% 18.6% 18.8% 16.7% 16.4% 2,007 2,053 1,900 1,912 1,929 1,943 1,974 1,873 1,887 1,890 1,891 1,886 1,895 14.5% Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 1
Slide 38: Working Capital to sales ratio as of Q3 2015
Working Capital to sales ratio as of Q3 2015 [EURm] 12.8% 12.9% 12.7% 12.6% 12.1% 12.2% 11.9% 12.1% 12.1% 12.2% 12.3% 11.3% 11.4% 11.7% 11.7% 11.8% 11.9% 632 590 588 583 538 535 548 523 521 511 515 521 460 424 395 356 363 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
Slide 39: Operating EBIT Margin improved by 50 bps YoY to 11.6%
Operating EBIT Margin improved by 50 bps YoY to 11.6% as of Q3 2015 LTM Development LTM: Order Intake, Sales, Operating Margins [EURm] 13.4% 6,000 12.7% 13% 12.1% 11.9% 11.4% 11.6% 12% 5,000 11.1% 10.5% 10.2% 11% 9.6% 9.5% 10% 4,000 9% 3,000 7.4% 8% 7% 2,000 6% Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 40: Cash Flow Driver Margin: Further improvement before one-offs
Cash Flow Driver Margin: Further improvement before one-offs [EURm] 10.2% 10.5% 10.7% 9.7% 10.1% 9.3% 9.3% 9.6% 9.3% 9.0% 9.0% 9.0% 8.8% 9.0% 7.4% 8.3% 6.6% 6.2% 4.6% 5.0% 478 515 527 536 546 540 550 441 462 471 420 433 404 10 33 19 -1 -19 -26 -38 -41 -47 -43 -39 -132 -88 -126 -124 -120 -122 -126 -1
Slide 41: Cash generation LTM: ~ EUR 340m
Cash generation LTM: ~ EUR 340m Net Liquidity reconciliation [EURm] Net Debt 30.09.14 incl. HX -356.3 Elimination Net Cash Position HX -140.8 Net Debt 30.09.2014 w/o HX -497.1 EBITDA 403.7 Delta Working Capital -76.2 Capex -81.5 D +EUR 340m excl. Taxes / Interests -105.7 EUR 42m translation impact O
Slide 42: Service Business as of Q3 2015 LTM: 29% of Sales
Service Business as of Q3 2015 LTM: 29% of Sales Sales growth YoY of +10.7% (+4.9% adjusted) [EURm] D +11% D +10% D +13% (+5% adjusted) (+4% adjusted) (+8% adjusted) 1,324 1,196 863 785 440 498 27% 29% 35% 37% 18% 20% GEA Group BA Equipment BA Solutions Q3 2014 LTM Q3 2015 LTM % Share of Service Sal
Slide 43: FY 2015 guidance
FY 2015 guidance Provided that there is no further decline in global economic growth we are aiming in FY 2015 for: Sales Operating EBITDA (EURm) Cash Flow Driver Margin moderate growth 590 - 640 9.5% - 10.0% (in reported terms) (before one-offs, FX, M&A) (before one-offs, FX, M&A ) 43 GEA on Roadsho
Slide 44: Additional Financial Information for FY 2015
Additional Financial Information for FY 2015 Depreciation Thereof Working Target Capex Interest Tax Rate Dividend Policy & Amortization impact from Capital LTM Level Expense (incl PPA) PPA in 2015 (of sales LTM) (of sales) Financial (EURm) (EURm) Liabilities (EURm) around around between max. below b
Slide 45: Financial Targets
Financial Targets FY 2014 - 2020 CAGR Organic Sales Growth FY 2014 - FY 2020: 4% to 6% FY 2017 - 2020 Service to Sales Ratio: ~30% Operating EBIT Margin: 13% to 16% Working Capital to Sales Ratio: 10% to 12% Capex to Sales Ratio: 1.5% to 2.0% Cash Flow Driver Margin: 12% to 15% ROCE: 20% to 25% Net
Slide 46: Investor Relations Calendar: Upcoming Roadshows and Conferences
Investor Relations Calendar Upcoming Roadshows and Conferences 2 0 1 5 Nov 03, 2015 Roadshow Spain Madrid MainFirst Nov 03, 2015 Roadshow UK London Jefferies Nov 04, 2015 Roadshow France Paris Kepler Cheuvreux Nov 09, 2015 Roadshow USA Mid Atlantic Barclays Nov 10 - 11, 2015 Conference USA Chicago B
Slide 47: Investor Relations Calendar: Upcoming Roadshows and Conferences
Investor Relations Calendar Upcoming Roadshows and Conferences 2 0 1 5 Nov 19, 2015 Roadshow Sweden Stockholm SEB Nov 25, 2015 Roadshow Switzerland Geneva Credit Suisse Nov 25, 2015 Symposium Germany Frankfurt Berenberg Nov 26, 2015 Conference Switzerland Zurich HSBC Dec 02, 2015 Conference UK Londo
Slide 48: Investor Relations Calendar: Upcoming Roadshows and Conferences
Investor Relations Calendar Upcoming Roadshows and Conferences 2 0 1 6 Jan 07, 2016 Conference France Lyon Oddo Jan 11 - 12, 2016 Conference USA New York City Commerzbank 48 GEA on Roadshows and Conferences - Q3 2015 engineering for a better world
Slide 49: Financial Calendar
Financial Calendar 2 0 1 6 Feb 04, 2016 Release of preliminary figures FY 2015 Mar 10, 2016 Release of Annual Report FY 2015 Apr 20, 2016 Annual Shareholder’s Meeting for FY 2015 May 09, 2016 Quarterly Financial Report for the period to March 31, 2016 Jul 28, 2016 Half-yearly Financial Report for th
Slide 50: engineering for a better world
engineering for a better world gea.com
Slide 51: GEA Group
GEA Group Q1- Q3 Q1- Q3 Sales by Customer Sales by Region [ in EU R millio n] Q3 2 0 14 Q3 2 0 15 ∆ Y oY ∆ Y oY 2 0 14 2 0 15 Industry 16% 14% 3% 4% 6% Or d er Int ake -8.5% -0.5% 1,167.9 1,0 6 8 .3 3,362.1 3 ,3 4 4 .5 8% ad just ed 1 -13.0% -6.2% LTM as of LTM as of 36% 12% Q3 2015: Q3 2015: Sales
Slide 52: BA Equipment
BA Equipment Q1- Q3 Q1- Q3 Sales by Customer Sales by Region [ in EU R millio n] Q3 2 0 14 Q3 2 0 15 ∆ Y oY ∆ Y oY 2 0 14 2 0 15 Industry 7% 4% 3% Or d er Int ake -3.2% -0.2% 18% 564.7 54 6 .9 1,709.3 1,70 6 .4 30% 6% ad just ed 1 -6.2% -5.3% LTM as of LTM as of 37% 5% Q3 2015: Q3 2015: Sales -6.6%
Slide 53: BA Solutions
BA Solutions Q1- Q3 Q1- Q3 Sales by Customer Sales by Region [ in EU R millio n] Q3 2 0 14 Q3 2 0 15 ∆ Y oY ∆ Y oY 2 0 14 2 0 15 Industry 13% 3%4% Or d er Int ake -11.3% -0.6% 5% 646.5 573 .7 1,801.0 1,79 0 .9 ad just ed 1 -16.8% -6.5% LTM as of 37% 10% LTM as of 36% 17% Q3 2015: Q3 2015: Sales -0.1
Slide 54: Order Intake Q3 2015
Order Intake Q3 2015 Q3 2015 vs. Q1-Q3 2015 vs. Q1- Q3 2015 vs. Q3 2014 Q3 2014 Q2 2015 in EURm ∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in % Order Intake 1,168 3,362 1,149 previous period Structural Change 21 1.8% 29 0.8% 14 1.2% Currency Translation 32 2.7% 163 4.9% -17 -1.5% At Constant Currencies -1
Slide 55: Sales Q3 2015
Sales Q3 2015 Q3 2015 vs. Q1-Q3 2015 vs. Q1- Q3 2015 vs. Q3 2014 Q3 2014 Q2 2015 in EURm ∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in % Sales 1,146 3,214 1,150 previous period Structural Change 18 1.6% 29 0.9% 13 1.1% Currency Translation 33 2.9% 167 5.2% -22 -2.0% At Constant Currencies -91 -8.0% -147 -
Slide 56: Operating EBITDA Q3 2015
Operating EBITDA Q3 2015 Q3 2015 vs. Q1-Q3 2015 vs. Q1- Q3 2015 vs. Q3 2014 Q3 2014 Q2 2015 in EURm ∆ abs. ∆ in % ∆ abs. ∆ in % ∆ abs. ∆ in % Operating EBITDA 149 362 139 previous period Structural Change 2 1.2% 2 0.5% 2 1.3% Currency Translation 3 2.1% 15 4.3% -2 -1.6% At Constant Currencies -10 -6
Slide 57: GEA's reported EBITDA impacted by FX and One-Offs
GEA’s reported EBITDA impacted by FX and One-Offs EBITDA bridge Q3 2015 [EURm] 149 -10 +3 +2 144 -33 139 +2.1% +1.2% -6.8% 110 -23.2% Q3 2014 Organic Q3 2015 FX Structural Q3 2015 One-Offs Q3 2015 Operating Operating change Operating Reported EBITDA EBITDA before EBITDA EBITDA FX & structural change
Slide 58: FX Development Q3 2015 YoY
FX Development Q3 2015 YoY FX Rates ∆ FX YoY FX Rates ∆ FX YoY % total Q3 2015 Currency Q3 2015 Q3 2015 vs YTD 2015 YTD 2015 vs sales (average) Q3 2014 (average) YTD 2014 EUR 44% - - - - USD 17% 1.11 -16% 1.11 -18% CNY 7% 7.01 -14% 6.96 -17% GBP 4% 0.72 -10% 0.73 -10% NZD 4% 1.71 9% 1.58 -2% DKK 4%
Slide 59: Working Capital Development
Working Capital Development [EURm] Trade Trade Advance Working Receivables Inventories Payables Payments Capital Q3 2015 987 645 511 490 = 632 +41 +83 -129 +46 +208 +4% +15% -20% +10% +49% Q4 2014 946 562 640 444 = 424 +7 -79 +103 -51 -124 +1% -12% +19% -10% -23% Q3 2014 939 641 537 495 = 548 59 GEA
Slide 60: Key Figures Time Line (1/9)
Key Figures Time Line (1/9) Order Intake Q1 09 Q2 09 Q3 09 Q4 09 FY Q1 10 Q2 10 Q3 10 Q4 10 FY Q1 11 Q2 11 [in EUR m illion] sel sel sel sel 2009 sel sel sel sel 2010 sel sel BA Equipment 319.8 295.8 282.4 299.0 1,196.9 305.2 347.7 348.5 336.2 1,337.5 385.2 523.9 BA Solutions 369.7 430.0 348.0 442.3
Slide 61: Key Figures Time Line (2/9)
Key Figures Time Line (2/9) Order Intake Q3 11 Q4 11 FY Q1 12 Q2 12 Q3 12 Q4 12 FY Q1 13 Q2 13 Q3 13 Q4 13 [in EUR m illion] sel sel 2011 sel sel sel sel 2012 sel sel sel sel BA Equipment 524.8 506.9 1,940.8 547.3 535.2 534.3 552.5 2,169.2 533.3 570.6 573.2 553.1 BA Solutions 554.6 581.3 2,202.2 642
Slide 62: Key Figures Time Line (3/9)
Key Figures Time Line (3/9) Order Intake FY Q1 14 Q2 14 Q3 14 Q4 14 FY Q1 15 Q2 15 Q3 15 [in EUR m illion] 2013 sel sel sel sel 2014 sel sel sel BA Equipment 2,230.2 574.9 569.7 564.7 585.8 2,295.1 586.5 573.0 546.9 BA Solutions 2,585.5 502.1 652.4 646.5 622.3 2,423.4 588.3 628.9 573.7 Consolidation
Slide 63: Key Figures Time Line (4/9)
Key Figures Time Line (4/9) Operating EBITDA Q1 09 Q2 09 Q3 09 Q4 09 FY Q1 10 Q2 10 Q3 10 Q4 10 FY Q1 11 Q2 11 [in EUR m illion] sel sel sel sel 2009 sel sel sel sel 2010 sel sel BA Equipment 31.2 35.7 42.5 52.6 162.0 35.0 40.5 58.6 57.9 192.0 41.6 66.8 BA Solutions 11.7 21.5 22.7 43.3 99.3 12.1 21.
Slide 64: Key Figures Time Line (5/9)
Key Figures Time Line (5/9) Operating EBITDA Q3 11 Q4 11 FY Q1 12 Q2 12 Q3 12 Q4 12 FY Q1 13 Q2 13 Q3 13 Q4 13 [in EUR m illion] sel sel 2011 sel sel sel sel 2012 sel sel sel sel BA Equipment 74.0 95.6 278.0 43.3 66.5 80.2 98.4 288.4 48.6 66.3 84.3 113.4 BA Solutions 45.1 87.9 196.3 25.6 45.3 51.4 9
Slide 65: Key Figures Time Line (6/9)
Key Figures Time Line (6/9) Operating EBITDA FY Q1 14 Q2 14 Q3 14 Q4 14 FY Q1 15 Q2 15 Q3 15 [in EUR m illion] 2013 sel sel sel sel 2014 sel sel sel BA Equipment 312.7 56.6 72.4 90.5 131.7 351.1 67.4 84.5 92.4 BA Solutions 233.0 34.2 57.8 60.3 113.5 265.8 32.3 58.1 51.9 Consolidation / Others -15.6
Slide 66: Key Figures Time Line (7/9)
Key Figures Time Line (7/9) Capital Employed w /o FY FY goodw ill1) (average LTM) Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 2009 2010 [in EUR million] BA Equipment - - - - n.a. 633.4 632.0 630.7 641.6 641.6 694.6 843.9 BA Solutions - - - - n.a. 382.9 375.0 369.1 360.8 360.8 356.2 3
Slide 67: Key Figures Time Line (8/9)
Key Figures Time Line (8/9) Capital Em ployed w /o FY FY goodw ill1) (average LTM) Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 2013 2014 [in EUR m illion] BA Equipment 1,454.9 1,466.1 1,480.1 1,494.7 1,506.2 1,506.2 1,519.8 1,526.8 1,530.6 BA Solutions 371.3 365.4 365.0 370.2 375.5 375.5 391.0 417.1 4
Slide 68: Key Figures Time Line (9/9): Remarks
Key Figures Time Line (9/9): Remarks Please note: adjusted sales growth = before currency translation and structural change 1) Capital employed excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999. 2) ROCE LTM = EBIT reported (LTM) / Capital employ
Slide 69: ADR Information
ADR Information GEA Group has a sponsored level I ADR program Ratio: 1 ADR = 1 Ordinary share Bloomberg ticker: GEAGY:US CUSIP: 361592108 ISIN: US3615921083 Depositary bank: Deutsche Bank Trust Company Americas Depositary bank contacts: ADR broker helpline Tel: +1 212 250 9100 (New York) T
Slide 70: Investor Relations Contact
Investor Relations Contact Dr. Helmut Schmale Donat von Müller CFO +49 211 9136 1080 +49 211 9136 1082 donat.vonmueller ir@gea.com @gea.com Rebecca Weigl Thomas Rosenke +49 211 9136 1081 +49 211 9136 1085 rebecca.weigl thomas.rosenke @gea.com @gea.com 70 GEA on Roadshows and Conferences - Q3 2015 en
Slide 71: engineering for a better world
engineering for a better world gea.com