GEA Group
Company overview

September 2024

GEA at a glance
Order intake

Revenue

EBITDA

5,469

5,373

774

EUR million
Previous year: EUR 5,679 million

EBITDA margin

before restructuring expenses

14.4

percent of revenue
Previous year: 13.8 percent

EUR million
Previous year: EUR 5,165 million

Dividend

1.00

EUR per share
Previous year: EUR 0.95

All figures relate to the 2023 financial year or 2022 for the previous year

before restructuring expenses

EUR million
Previous year: EUR 712 million

Employees

18,773Full-time equivalents
Previous year: 18,236

GEA is one of the world’s largest suppliersof systems and components to the food,beverage and pharmaceutical industries.
The international technology group,
founded in 1881, focuses on machineryand plants, as well as advanced
process technology, components andcomprehensive services.

GEA is listed in the German MDAX, theEuropean STOXX® Europe 600 Index and is
one of the companies that make up the
DAX 50 ESG, MSCI Global Sustainability as
well as the Dow Jones Sustainability Worldand Dow Jones Sustainability Europe
Indices.
2Our purpose

Engineering
for a betterworld.

3

Our vision
We safeguard future
generations by providing
sustainable solutions
for the nutrition andpharmaceutical industries.

4Our strategy
PurposeEngineering for a better world.
VisionWe safeguard future generations by providing sustainable solutions
for the nutrition and pharmaceutical industries.
Profitables
Profitable
Wachstum
growthSustainability

1

Organic Sales CAGR1

Innovation &Digitalization

4-6%

EBITDA
margin2> 15%

ROCE2,3> 30%

Ambitious
financial targets

EXCELLENCENew Food

Sales Excellence

Service Excellence

Operational
Excellence

Acquisitions

Currency and portfolio adjusted

2 Before restructuring expenses; based on constant exchange rates

3 Capital employed excluding EUR ~800m goodwill from the acquisition of the former GEA AG by former Metallgesellschaft AG in 1999 (average of the last 4 quarters)5Our sustainability approach

Key trends
Important global
megatrends arepropelling ourtechnologies &underlying markets

Demand for
New Food
Food safety &quality

Growing
middleclass
Essential & affordable
medicines
Growing
world
population
Sustainable
solutions
Urbanization
7

Our applications put consumers in touchwith GEA every day
Food

Approx. every
third chicken
nugget is
produced using
GEA technology

Pharma &healthcare

Roughly every fourth
liter of human bloodfor making plasmaderived products is
processed using
GEA equipment

Food

Approx. every
third processline for instantcoffee wasinstalled by GEA

ChemicalMore than one
third of all polymer
producers areusing GEA drying
technology

Dairy farming& processing

Beverage

Environment

Heating &refrigeration

Roughly one
quarter ofprocessed milk
comes from GEA
production systems

Approx. two million
tons of pollutants
are averted annually
thanks to GEA
emission control
plantsApprox. every
second liter of beeris brewed with theaid of systems andprocess solutions
from GEA

Each industry weserve utilizes
industrial heating andrefrigeration
technology
from GEA

MarineRoughly every
second container
ship in the world
sails with GEA
marine equipment
on board

8

Innovative solutions

GEA Smart Filtration

reduces energy & water
consumption up to 50% during
membrane filtration cleaning▪ Ideal for use in food & dairy industries▪ Smart Filtration Flush: Sensors
measure permeate quality of water
during flushing, CIP process ended
when hygiene requirements met;
reduces freshwater usage,
wastewater generation & energy
consumption▪ Smart Filtration CIP: Pulsating pumps
eliminate need for continuous runningof rinsing pumps, saving energy
without sacrificing cleaning quality

Developing bioreactors
with digital twinGEA OptiPartner▪ Increasing yields from bioreactor
processes is complex, given
sensitivity of cell cultures. And scaling
up requires predictable outcomes▪ Digital solution for advanced processcontrol to continuously optimize
productivity & efficiency of spraydrying plants (e.g., milk, instantcoffee)to scale new food processes▪ Using digital twins to validate
bioreactors ensures optimal growth
conditions, key to scaling up new
food processes▪ Benefits include: shorter development
time for recipes & plant scaling;
reduced risk of lower product quality

for better spray dryer
performance in powder systems▪ In milk processing, results show
higher system availability (98%),
increased production rate (ca. 4%) &energy savings (more than 4%)▪ Reduces system downtime; delivers
resource & energy savings; no capital
investment (offered as a service)

9

GEA Service
Together with you

Getting you started

Consulting and
Enhanced Operations

Beginning of Life
Services

Constantly improving

Keeping it running

Extended Life Services

Lifetime Services

We serve the entire life cycle
to enable continuous touchpoints
with our customers.

We ensure our customers’ continued business success bybuilding, maintaining, optimizing and adapting their production
equipment and processes to meet their specific ongoing needs.

10Strong local presence around the globe= Revenue= Employees (FTEs)

North
America
1,161 EUR million
1,776

Latin
America
382 EUR million
725

Western Europe,
Middle East &Africa831 EUR million
2,653

North &
Central Europe
782 EUR million
3,310

DACH &
Eastern Europe
1,019 EUR million
7,258

Asia
Pacific
1,198 EUR million
3,051

All figures are from fiscal year 2023
11

Our values
At GEA, our company values begin with ourown people. We hold ourselves to a highstandard in how we treat one another, ourcustomers and partners and our world.

12

Our organization
GEA

GEA is divided into five divisions, eachwith up to six business units. The units
are based on comparable technologies
and have leading market positions.

Separation &FlowTechnologies

Liquid &PowderTechnologies

Food &
Healthcare
Technologies

Farm
Technologies

Heating &Refrigeration
Technologies

Procurement, production and supply chain

The country organizations stand readyto serve their respective customers as acentral point of contact, offering them
local access to an extensive portfolio of
products and services.

Country organizations

Global Corporate Center

13

GEA Executive Board

Bernd Brinker, CFO
Bernd Brinker joined the Executive Board as CFO
in October 2023. In addition to the Group’s financefunctions, the five division CFOs, as well as
Investor Relations, M&A, Information Security,
Internal Audit and global IT also report to him.

Stefan Klebert, CEO
Stefan Klebert took the helm of the Group in
February 2019 and is the direct reporting line for
the CEOs of the five operating divisions and thefour CEOs of the regions. Several central functions
also report to Stefan Klebert, and he serves as theGroup Labor Relations Director.

Johannes Giloth, COO
Johannes Giloth became a member of the
Executive Board in early 2020. He is responsible
for worldwide procurement, production as well as
supply chain and QHSE.

14

14

Company milestones
1881

1920

1999

Founding ofMetallgesellschaft AG, a
metals trading company

Founding of GEA (Gesellschaft
für Entstaubungs-AnlagenmbH) in Bochum

Metallgesellschaft
acquires GEA

2007-20192005

Intensified focus onfood & beverage acquisitions

Name of parent company changed
to GEA Group Aktiengesellschaft

Implementation of newtechnology-based groupstructure embracing 5 divisions

Net-zero target for 2040 set; releaseof Mission 26 corporate strategy

2020

2021
15

Share information
Securities identification
number660200ISIN number

DE0006602006

Stock indicesMDax, DAX 50 ESG, HDax, CDax, Midcap Market,
Dow Jones Euro Stoxx, Euro Stoxx TMI Industrial Engineering,
Dow Jones Euro Stoxx Mid, Dow Jones Euro Stoxx Industrial
Goods and Services, Dow Jones Stoxx 600, Dow Jones
Industrial Goods and Services, Dow Jones Stoxx Mid 200,
Prime All Share, Prime Industrial, Classic All Share,
NRW-Mix 50, MSCI World ESG, MSCI ACWI ESGGEA share price development since 2020
55 €
50 €

45 €
40 €

35 €
30 €

Segment

Prime-Standard

25 €Stock exchanges

Xetra, Frankfurt, Stuttgart, Munich, Düsseldorf,
Berlin, Hamburg, Hannover

20 €Information
on stock

Reuters: G1AG.DE; Bloomberg: G1A:GR;
Xetra: G1A.DE

Shares issued

172.3 million (August 31, 2024)

Market capitalization

7.3 billion (August 31, 2024)

16

Our divisions

02 September 2024

17

Separation & Flow
Technologies Division
World-class components and equipment
for production excellence
Separators . Homogenizers . Valves & Pumps
Separation & Flow Technologies encompass process engineering components andmachines, including separators, decanters, homogenizers, valves and pumps. These
technologies are at the heart of many production processes.

Our solutions contribute to a cleaner environment in numerous industrial applications.
They also ensure the efficient separation and homogenization of liquids used in the
production of foods, beverages, medicines and home & personal care products that
consumers enjoy and rely on. GEA pumps and valves guarantee that raw materials andproducts move safely and efficiently through plants.

Revenue

EBITDA before
restructuring expenses

EBITDA margin before
restructuring expenses

Employees

1,511

396

26.2

5,072

Previous year: EUR 1,416 million

Previous year: EUR 360 million

Previous year: 25.4 percent

Previous year: 4,907

EUR million

EUR million

All figures relate to the 2023 financial year or 2022 for the previous year

percent

Full-time equivalents

18Separation & Flow Technologies Division

Separators

Homogenizers

Valves & Pumps

GEA separators and decanters are used inthousands of applications by nearly every
industry. This includes dairy processing, food &beverage, marine, oil & gas, power, chemical,
pharma, farming and in water and wastewater
management.

With our high-pressure homogenizers,
manufacturers can reduce particles to micromillimeter or nanometer size and distribute themevenly, which enables high product stability and along shelf life. These properties are key to many of
today’s health and personal care products andcontribute to the quality of diverse processed
foods and beverages.

To ensure smooth production processes in thetreatment of liquid products, GEA offers acomprehensive range of valves for all hygienic
classes, as well as hygienic pumps and cleaning
technology. Their individual modular design
guarantees efficiency, safety and reliability.

19Liquid & Powder
Technologies Division
Specialists in processing equipment
and integrated solutions
Liquid & Filling Technologies . Powder & Thermal Separation Technologies . New Food
Liquid & Powder Technologies provide processing equipment and integrated solutions forthe dairy, food, new food, beverage, chemical and home & personal care industries. The
portfolio includes brewing systems, liquid processing, aseptic and non-aseptic filling &packaging, concentration, fermentation, crystallization, purification, drying, powder
handling & packaging as well as systems for carbon capture and emission control.
GEA designs, builds, configures and installs versatile and sustainable equipment andtechnologies, processing lines and complete plants.

Revenue

EBITDA before
restructuring expenses

EBITDA margin before
restructuring expenses

Employees

1,724

178

10.3

5,607

Previous year: EUR 1,716 million

Previous year: EUR 166 million

Previous year: 9.7 percent

Previous year: 5,404

EUR million

EUR million

All figures relate to the 2023 financial year or 2022 for the previous year

percent

Full-time equivalents20Liquid & Powder Technologies Division

Liquid & Fermentation Technologies

Powder & Thermal Separation Technologies

GEA liquid and fermentation technologies are used for a variety of dairy,
food, beverage, biotech and new food applications. We provide
processing solutions and plants offering the highest degree of hygieneand production safety. These cover key technologies such as mixing,
membrane filtration, fermentation, aseptic systems, brewhouse, cold
block and beverage processing.

Our process solutions for thermal separation, crystallization, drying andpowder handling & packing as well as aseptic and non-aseptic filling
technologies are used in a wide range of dairy, new food, food,beverage and chemical applications. This includes nutritional formula,food ingredients, instant coffee, polymers, minerals, agrochemicals andfine & specialty chemicals. Our solutions for carbon capture, waste heatrecovery and emissions treatment are often in demand and effectively
deal with the challenges of industrial air pollution.

Our solutions help startups, ingredient suppliers and food manufacturers
develop, scale up and produce alternative protein foods and ingredients
through traditional processing, precision fermentation and cell culture
technologies. These new food products include plant-based foods,
ingredients and beverages, insect proteins, cultivated meat and seafood,as well as other proteins and ingredients produced through precision
fermentation.

21

Food & Healthcare
Technologies Division
Safe foods and medicines for a growing population

Pasta, Extrusion & Milling . Bakery . Food Application Solutions . Pharma & Healthcare
Food & Healthcare Technologies provide solutions for food processing. This covers
preparation, marinating and further processing of meat, poultry, seafood and veganproducts, in addition to processing lines for pasta, baked goods, snacks, breakfast
cereals, confectionery and pet food. GEA also offers spiral- and tunnel freezers, as well as
equipment for slicing and packaging of food.
GEA solutions for the pharmaceutical industry include machines and plants for processing
solid dosage forms, including highly potent drugs for batch or continuous production. This
portfolio also includes freeze-drying technology for liquids, such as vaccines.

Revenue

EBITDA before
restructuring expenses

EBITDA margin before
restructuring expenses

Employees

1,029

78

7.6

3,508

Previous year: EUR 1,001 million

Previous year: EUR 107 million

Previous year: 10.7 percent

Previous year: 3,571

EUR million

EUR million

All figures relate to the 2023 financial year or 2022 for the previous year

percent

Full-time equivalents

22

Food & Healthcare Technologies Division

Pasta & Extrusion

BakeryOur solutions include fully automated processing
lines for dry and fresh pasta, extruded snacks,
breakfast cereals and dry petfood. GEA also
produces dies and packaging systems. As a resultof extensive research and testing in the field of
extrusion, we have developed cutting-edge
solutions for the industrial production of innovative
food products, with a particular focus on
consumer health and sustainability.

GEA bakery capabilities range from single
equipment components to integrated productionlines for cakes, pies, tarts, biscuits, cookies,
crackers, layer cakes, pizzas and snacks. Energyefficient tunnel ovens, depositors, dough forming
systems and filling injectors make up thisportfolio..

23

Food & Healthcare Technologies Division

Food Application Solutions

Pharma & Healthcare

Our portfolio encompasses technology for secondary and further
processing, slicing, freezing and packaging, including single machinesand complete automated lines. We offer solutions for defrosting, cutting& grinding, mixing, forming, marinating, coating, cooking, steaming, inline smoking and frying, including spiral, tunnel and carton freezers. Our
slicing & packaging portfolio includes slicing and loading systems,
vertical packaging equipment and thermoforming systems. We deliverindustry leading solutions for key applications in poultry, meat, seafood,vegetarian and vegan products, including plant-based and otheralternative protein foods. Through innovation we continuously strive todeliver solutions contributing to sustainability, resource-efficiency, highproductivity, exceptional food quality and minimum waste.

We offer sustainable engineering solutions, along with a comprehensive
suite of virtual reality project management tools to customers in the life
science community. Our robust, flexible and cost-effective
pharmaceutical manufacturing equipment and fully integrated processlines embrace digitalization, modularization and holistic productinnovation, maximizing operational reliability and productivity.

24

Farm Technologies
Division
Next generation farming

Dairy Farming: Milking, Feeding, Manure, Digital Herd Management, Hygiene & Service
Farm Technologies offer integrated customer solutions for efficient and sustainable highquality milk production and livestock farming. This includes automatic milking and feeding
systems, conventional milking solutions and digital herd management. GEA manure
management solutions ensure operators have the right tools for the safe storage,
application and upcycling of this important resource.
All solutions are served and fully embedded into our service lifecycle. They arecomplemented by a wide range of hygiene products and chemicals to promote optimum
udder health and superior milk quality.

Revenue

EBITDA before
restructuring expenses

EBITDA margin before
restructuring expenses

Employees

784

110

14.0

2,045

Previous year: EUR 742 million

Previous year: EUR 86 million

Previous year: 11.6 percent

Previous year: 1,909

EUR million

EUR million

All figures relate to the 2023 financial year or 2022 for the previous year

percent

Full-time equivalents

25

Farm Technologies Division

Milking

Feeding

ManureGEA offers a broad range of automated milking
solutions, from single- and multi-box to fully
automated rotary parlor systems as well as
conventional rotary and group milking parlors.
With its innovative sensor technology andsoftware, GEA raises the bar in milking production
while increasing animal-welfare, farmer flexibility
and the sustainable use of resources.

Efficient feeding is key to achieving good milk
performance in dairy herds. GEA offers the latest,
all-electric robotic feeding technology to ensure
cows get the right mix at the right time, improving
efficiency and freshness. This enables farmers
more flexibility in their daily routines as well as
precise control over their feeding strategy.

GEA is a global leader in manure management,
providing a comprehensive line of equipment toeffectively handle manure inside and outside thebarn. Our portfolio includes barn cleaning, electricand power take-off pumps and agitators, loading
equipment, liquid manure spreaders, manure
application devices and separators. Our innovative
manure processing technology enables customers
to produce their own sustainable fertilizer whilebringing down emissions.

26

Farm Technologies Division

Digital Herd Management

Hygiene & Service

Simple to use, with consistently updated
functions: GEA herd and farm management withdigital technology offers powerful functions formonitoring and managing cow health andoperational procedures efficiently. Dairy farmers
can access data through their own digital devices– anytime and anywhere.

With a strong, global dealer network and certified
service partners, GEA provides comprehensive
service support for milking parlors of all sizes,
from installation and throughout the entire life
cycle. Our servicing programs ensure animal
welfare and that milking operations are
sustainable, efficient and productive.

27

Heating & Refrigeration
Technologies Division
Industrial heating and cooling solutions forclimate-friendly production processes
Compressors & Compressor Packages . Heat Pumps . Chillers . Controls . Valves .
Turnkey Installations . Digital Solutions
Heating & Refrigeration Technologies combine extensive production process knowledge
and integrated heating and cooling expertise. It provides sustainable, energy-saving
solutions for customers in the food, beverage and other key industries. All offerings aresupported by comprehensive digital and service platforms.
GEA plays an important role in the decarbonization of production processes, cities andother market activities. Via a sustainable engineering solutions platform, which includes acomprehensive portfolio of heat pumps, GEA delivers the precise temperatures critical toeach customer’s operation. These proven technologies provide integrated, high-efficiency
solutions that significantly reduce CO₂ emissions and energy costs.
.
Revenue

EBITDA before
restructuring expenses

EBITDA margin before
restructuring expenses

Employees

556

66

11.9

1,757

Previous year: EUR 524 million

Previous year: EUR 57 million

Previous year: 10.9 percent

Previous year: 1,716

EUR million

EUR million

All figures relate to the 2023 financial year or 2022 for the previous year

percent

Full-time equivalents

28

Heating & Refrigeration Technologies Division

Compression Technologies

Heating & Refrigeration Solutions

Our robust component portfolio for industrial
heating and cooling encompasses a full range ofreciprocating and screw compressors, compressor
packages, heat pumps, chillers, custom systems,
controls, digital products, valves, spare parts andservice support.

With decades of experience in complete plantinstallations, we help customers identify optimum
heating and cooling solutions to meet their present
and future operational and sustainability-related
goals. We achieve this by designing andimplementing customized approaches, which
includes integrating advanced digital technologies
based on holistic plant assessments of existing andplanned processes. As a result, customers
significantly reduce their energy costs and carbon
footprint. Our comprehensive service programmaximizes the performance and lifetime of installed
equipment.
29

GEA.com