ESG
RoadshowPresentation
GEA Group AG

May 2024

GEA Group – a strong company

FY
2023

before restructuring
expenses

before restructuring
expenses

EBITDA

Order intake

5,373

774

14.4

5,469

EUR million

EUR million

percentage ofrevenue

EUR million

Employees

Revenue

18,773full-time equivalents

EBITDA

2

Leading technologies and positions in attractive Food, Beverages andPharma markets
Food

Food

Dairy Farming
and Processing

Beverages

Pharma & healthcare

Every third chicken
nugget is produced using
GEA technology

Approx. every thirdprocess line for instantcoffee was installed by GEA

Roughly one quarter ofprocessed milk comesfrom GEA production
systems

Approx. every second
liter of beer is brewed withthe aid of systems andprocess solutions from GEA

Roughly every fourth literof human blood for making
plasma-derived products is
processed using GEA
equipment

ChemicalEnvironment

Refrigeration andHeating

MarineMore than one third of
all polymer producers
are using
GEA drying technology

Approx. two million tonsof pollutants are averted
annually thanks to GEA
drying technology

Each industry we serve
utilizes industrial
refrigeration technology
from GEA

Roughly every second
container ship in the world
sails with GEA marine
equipment on board3

We have a clear plan for the future

PurposeEngineering for a better world.

VisionWe safeguard future generations by providing sustainable solutions
for the nutrition and pharmaceutical industries.
Ambitious
financial
Profitables
targets
Wachstum

Sustainability

organic sales CAGR1

Innovation &Digitalization

4-6%

EBITDA
margin2> 15%

ROCE2,3> 30%

EXCELLENCENew Food

Sales Excellence

Service Excellence

OperationalExcellence

Acquisitions

1 CAGR;
währungsund portfoliobereinigt
Currencyand portfolio
adjusted

2 Vor
Restrukturierungsaufwand;basierend
auf konstanten
Wechselkursen
Beforerestructuring expenses; basedon constantexchangerates

3 Eingesetztes
Kapitalohne ~800
EURgoodwill
Goodwillfrom
aus thedemacquisition
Erwerb deroffrüheren
GEA
AG AGdurch
die frühere
Metallgesellschaft
im Jahr
1999of(Durchschnittder letzten 4 Quartale)
Capital employedexcluding
EURMio.
~800m
the former
GEA
by former
Metallgesellschaft
AG inAG1999(averagethe last 4 quarters)

4Our pathway to ESG leadership
Announced in 2021, upgraded in 2023

Engineering for a better world.

NET ZEROby 2040

Sustainable Solutions

Responsible Operations

Employer of Choice▪ Reduce greenhouse gas emissions scope 3
by 27.5% by 2030

▪ Reduce greenhouse gas emissions scope 1 & 2
by 60% by 2026 and 80% by 2030

▪ 100% of solutions will be offered with zero
freshwater-use by 2030

▪ 50% of total energy demand is covered by certified
energy management system by 2026

▪ 80% favorable rating on the question: “Would you
recommend GEA as a good place to work?”
in internal employee engagement survey by 2026

▪ 100% of packaging-related solutions use
sustainable packaging materials by 2030

▪ All sites in water-stressed areas that implemented
a water strategy by 2026

▪ 100% of service parts and machinery packaging
material to fulfill one of the five R’s of circular economy(Reduce; Re-use; Repair; Remanufacture; Recycle)
by 2026▪ Waste recovery rate at production sites of >98% by 2026
▪ 100% of preferred suppliers fulfill GEA’s sustainability
criteria by 2026 and 100% of A suppliers by 2030

▪ 21% female representation in management levels L1 – L3by 2026
▪ 80% of open positions filled by own talent acrossmanagement levels L1 – L7 by 2026
▪ Building a diverse talent pool to further strengthen
diversity on all management levels by 2026

▪ 100,000 people reached through skill-based
volunteering in 2026

▪ Donation of 1% of net profit per year

5Our climate targets at a glance

20192023

2026

Scope 1 & 2

Scope 1 & 2

Referenceyear

Reference ​point for ourgreenhouse gas
reduction targets ​

2030

53%

Scope 1 & 280%

Scope 360%

Scope 322%
Last FY​

Short-term target

27.5%
Mid-termtarget2040

GEANet ZeroLong-termtargetPrevious targets, set in 2021, were the reduction of scope 1 & 2 emissions by 60% and of scope 3 emissions by 18% until 2030.
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98.4% shareholder approval for our Climate Transition Plan 2040

Say on Climate: We gave our shareholders asay on our climate protection activities

We presented our Climate Transition Plan2040 to our shareholders at the Annual
General Meeting on April 30, 2024

Our shareholders approved this plan by anoverwhelming 98.4%

7

How we reach our Net Zero target

Scope 1 & 2: Decarbonizing our sites worldwide

100%

1

Exiting fossil fuels

2Electrification offleet

3

Self-generated
renewable electricity2​

4

Electricity fromrenewable sources

100%

5Energy efficiency
measures2% p.a.

Exit from fossil energy by 2040​

100%
Emission-free company vehicles
by 20301

Total investmentsof EUR~

175

millionplanned todecarbonize oursites by 2040

25%
Share of self-generated renewableelectricity2 in total electricity
consumption of GEA by 2030​

Renewable electricity since 2022​

Annual increase in energy efficiency

1 Remaining vehicle fleet (functional vehicles) by 2040, possibly earlier if taking into account technical developments in the automotive industry.
2 This includes both owned renewable energy plants and those financed by GEA, such as photovoltaic or wind power plants.

8How we reach our Net Zero target
Scope 3: Important levers

Scope 3Roll-out
Add Better products

Implementation of
Add Better Consulting

Electrification of
our products

Product innovation
around climate
protection

Digital services

Sustainability
requirements for
suppliers

Scope 3: General challenge formechanical engineering sector
Our customers' production
processes tend to be very energyintensive
Long lifetime of machinery leads tohigh emissions in product usephase9

Our top management fully committed to ESG targets
Since 2022
Reduction of scope 1 & 2
emissions included in longterm variable remuneration(LTI) of Executive Board

Since 2023
Reduction of scope 1, 2 & 3
emissions included invariable remuneration of theGlobal Executive Committee1

From 2024
Reduction of scope 3
emissions included in the
Executive Board’s LTI
GEA’s top leadership team2
incentivized on sales of Add
Better product portfolio
1The Global Executive Committee (GEC) is the management body comprising the Division CEOs, Regional CEOs, Chief Sustainability Officer

and the Chief Human Resources Officer, alongside the members of the Executive Board I 2Comprises around 150 top managers

10SustainableSolutions

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Add Better environmental label
for resource-efficient solutions
Highlights GEA solutions that are
significantly better than theirpredecessor productShows savings of the resources
such as energy, water, waste

Independent validation byTÜV Rheinland

In accordance withISO 14021

12How do our products contribute to a better world?

Add Better portfolio and Scope 4 products1 as enablers for energy transition and water savings

In 2023, GEA sold Add Better and Scope 4
products1 that will save over their life
cycle2
5 million tons of CO2 emissions
Annual emissions of> 600,000 people3,
population size of Düsseldorf

And 16.4 million m3 of water
Annual water
consumption of360,000 people4

1 Scope 4 products are disruptive solutions as they avoid CO

2 emissions or water usage by substituting another technology with the same function, but with lower carbon or water intensity.
2 To measure the contribution of GHG reduction, GEA relies on the concept of avoided emissions. I 3 Annual per capita emissions of 8t in 2022 for people living in Germany (Ourworldindata.org)
4 Water consumption per capita per day in Germany in 2022 was 125 liters (Statista.com)

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How do our products contribute to a better world?

Example: GEA OptiPartner offering fully automated process control through AI

Optimum performancefor spray drying:
Process control solution
improving productivity andreducing energy consumption
by up to 14%

Saves up to1,600 tons CO2 p.a.
Annual emissionsof ~200 people1
1 Annual per capita emissions of 8t in 2022 for people living in Germany (Ourworldindata.org)
1 Annual per capita emissions of 8t in 2022 for people living in Germany (Ourworldindata.org)

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How do our products contribute to a better world?
Example: GEA ECOSpin2 Zero reducing water consumption by 91%

Sterilization when filling
PET bottles:
ECOSpin technology reduces
water consumption by
up to 91%1 and enables shorter
rinsing times

Saves up to 97,500 m3
of water p.a.
Annual water
consumption of2,100 people2

1 When retrofitting the installed base, water saving of up to 83% can be achieved.

I 2 Water consumption per capita per day in Germany in 2022 was 125 liters (Statista.com)
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How do our products contribute to a better world?
Example: Carbon Capture enabling CO2 separation from flue gases▪ Combining state-of-the-art amine solvents with
our scrubbing technologies to support
decarbonization in heavy emitting industries(e.g. cement)▪ Captured CO2 can be stored (CCS) or used(CCU) for industrial processes

16How do our products contribute to a better world?

Example scope 4 products: Disruptive solutions helping customers to reach their climate goals
From waste water
to district heating:Ammonia heat pumps turning
waste heat from wastewater ofa sewage treatment plant into
heating for residential buildings
Project with E.ON in Malmö, Sweden

These four ammonia heatpumps save ~50,000 tonsof CO2 p.a.
Annual emissionsof ~6,250 people1

1 Annual per capita emissions of 8t in 2022 for people living in Germany (Ourworldindata.org)

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How do our products contribute to a better world?

Example: Technology for New Food – feeding more people with fewer resources

Full-range technology
providerTargeting >EUR 400m inorder intake by 2026

Enabling thetransformation of appliedscience into large-scaleindustrial applications

18

ResponsibleOperations

19

GEA sustainability criteria for suppliers

Extended to GEA‘s A-suppliers1, who have to meet the criteria by 2030

Suppliers must accept our Code ofConduct for Suppliers andSubcontractors.

Suppliers must undergo a sustainability
assessment performed by EcoVadis eachyear and to share the results with us.

GEA‘ssustainability
criteria

Suppliers must set a science-basedtarget for reducing greenhouse gas
emissions for 2030 (mid-term target)

Suppliers must provide us with theirgreenhouse gas emissions data enabling
us to perform lifecycle analyses

1 ~80% annual purchasing volume

20

Example:
GEA‘s first solarparc in Hachen

Alreadysourcing 100%Carbon-neutral
green electricity since
production
2022

Energy energy
throughBecoming
self- PVsufficient& CHP plantSolarpark covering
up toOptimal
efficiency
18% of GEA’s electricity& flexibility
capacitiesin Germany

By 2030, self-generated
Resource
efficientelectricity shall cover 25%
operationsof GEA’s demand
21Community Engagement
Donation:

Skill-based volunteering:▪ Donate one percent of the company‘snet profit each year

▪ Share industry und function-specificknowledge with 100,000 people via
voluntary work by 2026

Largest donations made in FY 2023:
BILD hilft e.V. „ein Herz für Kinder“
Viva con AguaSupport for earthquake victims inTurkey and Syria

EUR 250,000
EUR 300,000▪ Since 2023, all GEA employees can use
one paid day for voluntary work eachyear

EUR 109,800

22

Employer ofChoice23

Employee engagement survey
How our employees are evaluating GEAParticipation rate in % of total FTE

Would you recommend GEA as agood place to work in % ofrespondents

2026>80

2026

80

2022

82

2022

78

2021

812021

75

Mission 26target

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Diversity and inclusion concept

107 nations working at GEA▪ >18,000 employees in 55
countries▪ Cultural Coffee▪ Member of the diversity network
Rhine-Ruhr

Production with disabledpeople

Fostering female managers▪ Cooperation with organizations
that offer disabled people
employment▪ 21% female representation inmanagement levels L1 – L3by 2026 (2023: 21%)▪ Trainee project enabling people
with disabilities and GEA
apprentices to learn from eachother▪ Lean In▪ Group inclusion agreement toensure integration of disabledpeople▪ Female mentorship program▪ Signatory to UN Women‘s
Empowerment Principles

Building a diverse talentpool▪ 80% of open positions filled by
own talent acrossmanagement levels L1 – L7 by
2026 (2023: 66%)
▪ Perform & Grow
▪ High Potential Pools & Talent
Pipeline

25

ESG Rating Highlights
ISS:
Prime Status1

German Sust. Award:
Finalist
In September 2022,
GEAs ‘Prime Status’(leadership in itsindustry index group)
was confirmed.

CDP:
Climate A List
GEA holds two CDP
leadership rankings:
an ‘A’ for tacklingclimate change andan ‘A-’ for acting toprotect watersecurity.

In January 2024,
GEA’s ‘AAA’ ratingin the MSCI ESG
Ratings
Assessment has
been confirmed.

2023: Finalist for theGerman Sustainability
Award

DJSI Europe & World:
MemberFollowing theDecember 2023
annual index review,
GEA remained in theDJSI Europe andbecame a constituentof the DJSI World.

Sustainalytics:
Low Risk3

MSCI:„AAA“-Rating2

EcoVadis:„Gold“-RatingIn January 2024, GEA
received an ESG Risk
Rating of 14.2 and wasassessed by
Sustainalytics to be at
Low Risk of experiencing
material financial impacts
from ESG factors.

Sustainalytics:
Top Rated
GEA ranks among
the top three
percent of allcompanies ranked
by EcoVadis
worldwide.

In 2024, GEA wasrecognized by
Sustainalytics as
an ESG Industry
Top Ratedcompany.

1 In September 2022, GEA's "Prime Status" (leading in the industry index group) was confirmed in the ISS ESG Corporate Rating. I 2 In 2024, GEA’s "AAA" rating has been confirmed (on a scale of AAA-CCC) in theMSCI ESG Ratings. Disclaimer Statement: The use by GEA of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitutea sponsorship, endorsement, recommendation, or promotion of GEA by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names
and logos are trademarks or service marks of MSCI. I 3 Copyright ©2024 Morningstar Sustainalytics. All rights reserved. This section contains information developed by Sustainalytics (www.sustainalytics.com). Suchinformation and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product orproject, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legaldisclaimers.
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ESG Roadshow Presentation

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