Quarterly Statement Q3 2021 July1 to September 30, 2021

QUARTERLY Q3 2021 STATEMENT

July 1 to September 30, 2021

GEA accelerates profitable growth in third quarter and confirms outlook for 2021

Order intake increased for fifth consecutive quarter (27.9 percent up on previous year; organic growth of 29.6 percent)

Revenue up by 4.7 percent (organic growth of 6.0 percent)

Share of service business increased to 33.7 percent (previous year: 33.5 percent)

Very good book-to-billratio of 1.13 (previous year: 0.92)

EBITDA before restructuring expenses up by 16.9 percent to EUR 169.9 million; growth in all divisions

Corresponding margin up significantly by 1.5 percentage points to 14.2 percent

ROCE improved significantly to 24.6 percent (previous year: 16.3 percent)

Net working capital as a percentage of revenue improved sharply to 7.2 percent (previous year: 12.3 percent)

Net liquidity rose significantly by EUR 299 million to EUR 358 million

Shares totaling EUR 40 million already repurchased

as part of the share buyback program (EUR 300 million)

Growth strategy "Mission 26" launched, with seven crucial levers for sustainable, profitable growth

Financial Key Figures of GEA

	Q3	Q3	Change	Q1-Q3	Q1-Q3	Change
(EUR million)	2021	2020	in %	2021	2020	in %
Results of operations
Order intake	1,349.9	1,055.1	27.9	3,926.0	3,465.9	13.3
Book-to-bill ratio	1.13	0.92	-	1.15	1.02	-
Order backlog	2,811.7	2,321.0	21.1	2,811.7	2,321.0	21.1
Revenue	1,199.3	1,145.9	4.7	3,420.3	3,404.2	0.5
Organic sales growth in %1	6.0	-	-	3.9	-	-
Share service revenue in %	33.7	33.5	24 bps	34.2	33.5	74 bps
EBITDA before restructuring expenses	169.9	145.3	16.9	444.7	390.7	13.8
as % of revenue	14.2	12.7	148 bps	13.0	11.5	152 bps
EBITDA	164.4	134.8	22.0	419.6	363.8	15.3
EBIT before restructuring expenses	127.1	93.3	36.3	314.9	243.0	29.6
EBIT	121.0	66.7	81.3	283.1	186.1	52.1
Profit for the period	81.1	43.4	86.9	214.7	118.4	81.3
ROCE in %2	24.6	16.3	837 bps	24.6	16.3	837 bps
Financial position
Cash flow from operating activities	239.9	169.4	41.6	393.7	390.0	0.9
Cash flow from investing activities	-25.4	-21.3	-19.0	-44.7	-51.0	12.3
Free cash flow	214.5	148.0	44.9	349.0	339.1	2.9
Net assets
Net working capital (reporting date)	332.9	581.6	-42.8	332.9	581.6	-42.8
as % of revenue (LTM)	7.2	12.3	-510 bps	7.2	12.3	-510 bps
Capital employed (reporting date)3	1,577.5	1,920.7	-17.9	1,577.5	1,920.7	-17.9
Equity	2,038.2	2,060.9	-1.1	2,038.2	2,060.9	-1.1
Equity ratio in %	35.3	36.5	-128 bps	35.3	36.5	-128 bps
Leverage4	-1.0 x	-0.5 x	-	-1.0 x	-0.5 x	-
Net liquidity (+)/Net debt (-)5	358.4	59.2	> 100	358.4	59.2	> 100
GEA Shares
Earnings per share (EUR)	0.45	0.24	87.2	1.19	0.66	81.4
Earnings per share before restructuring expenses (EUR)	0.48	0.37	27.9	1.34	0.91	47.2
Market capitalization (EUR billion; reporting date)	7.1	5.4	31.2	7.1	5.4	31.2
Employees (FTE; reporting date)	18,301	18,248	0.3	18,301	18,248	0.3
Total workforce (FTE; reporting date)	19,410	19,502	-0.5	19,410	19,502	-0.5

1. By "organic", GEA means changes that are adjusted for currency and portfolio effects.
2. EBIT before restructuring expenses of the last 12 months. Capital employed average of the last 4 quarters and excluding goodwill from the acquisition of the former GEA AG by former Metallgesellschaft AG in 1999.
3. Capital employed excluding goodwill from the acquisition of the former GEA AG by former Metallgesellschaft AG in 1999.
4. Total net debt/cons. EBITDA based on frozen GAAP (covenant concept).
5. Including lease liabilities of EUR 155,5 million in the 3rd quarter of 2021 (prior year 3rd quarter EUR 153,8 million).

GEA Q3 2021 2

GEA in the Third Quarter of 2021

GEA accelerated its profitable growth in the third quarter and delivered compellingly strong results. Order intake rose by 27.9 percent in the third quarter of 2021 to EUR 1,349.9 million, marking the fifth quarterly increase in a row. EBITDA before restructuring expenses went up by 16.9 percent to EUR 169.9 million and the corresponding margin by 1.5 percentage points to 14.2 percent. There are also significant improvements on other key performance indicators. ROCE stands at 24.6 percent, net working capital as a percentage of revenue at 7.2 percent and net liquidity at EUR 358.4 million. GEA has consequently confirmed its outlook for fiscal year 2021.

Order intake increased in the third quarter by 27.9 percent to EUR 1,349.9 million (previous year: EUR 1,055.1 million) on the back of growth well into double digits in the Separation & Flow Technologies, Liquid & Powder Technologies and Food & Healthcare Technologies divisions. Almost all customer industries, especially food and beverage, saw marked double-digit growth in order intake. In organic terms, order intake rose 29.6 percent.

This was also partly due to four large orders for a total of EUR 167 million in the beverage, pharma and food industries, including one in the growth market of New Food with a volume well into the high double- digit million-euro range.

Revenue went up by 4.7 percent in the third quarter to EUR 1,199.3 million (previous year: EUR 1,145.9 million) and by 6.0 percent on an organic basis. All regions, especially Asia Pacific and Latin America, contributed to this growth. As regards customer industries, pharma stood out with a double-digit increase. The share of service revenue rose from 33.5 percent in the prior-year quarter to 33.7 percent.

EBITDA before restructuring expenses increased by 16.9 percent to EUR 169.9 million (previous year: EUR 145.3 million). The corresponding EBITDA margin improved significantly by 1.5 percentage points to

14.2 percent (previous year: 12.7 percent). All divisions - especially Liquid & Powder Technologies and Separation & Flow Technologies - performed well with improvements in earnings.

Profit for the period climbed some 87 percent in the third quarter to EUR 81.1 million (previous year: EUR 43.4 million). Earnings per share increased correspondingly from EUR 0.24 to EUR 0.45. Earnings per share before restructuring expenses came to EUR 0.48 in the third quarter, compared to EUR 0.37 in the prior-year quarter. The share buyback program launched in August 2021 (for a total of up to EUR 300 million) has already seen shares repurchased for about EUR 40 million.

Net liquidity increased significantly to EUR 358,4 million, compared to EUR 59.2 million in the prior-year quarter. This increase was mainly due to the improvement in earnings as well as a marked reduction in working capital. Net working capital as a percentage of revenue improved from 12.3 percent in the prior- year quarter to 7.2 percent.

As a result of the lower net working capital and a decrease in non-current assets, there was a marked fall in capital employed (average of the last four quarters) from EUR 2,067.7 million to EUR 1,637.2 million as of September 30, 2021. In line with this, return on capital employed (ROCE) improved significantly to 24.6 percent (previous year: 16.3 percent).

Order intake grew in the first nine months by 13.3 percent to EUR 3,926.0 million (previous year: EUR 3,465.9 million). Organic growth stood at 17 percent. Revenue went up by 0.5 percent to EUR 3,420.3 million (previous year: EUR 3,404.2 million) and by 3.9 percent on an organic basis. EBITDA before restructuring expenses climbed 13.8 percent to EUR 444.7 million (previous year: EUR 390.7 million). The corresponding margin was 13.0 percent, 1.5 percentage points higher than in the prior-year period (previous year: 11.5 percent). At EUR 214.7 million, profit for the period was noticeably higher than in the same period of the prior year (previous year: EUR 118.4 million). Earnings per share increased accordingly from EUR 0.66 to EUR 1.19 and earnings per share before restructuring expenses improved significantly from EUR 0.91 to EUR 1.34.

GEA has confirmed its outlook for fiscal year 2021. Revenue is anticipated to grow on an organic basis from

5.0 to 7.0 percent. EBITDA before restructuring expenses at constant exchange rates will be in a range between EUR 600 million and 630 million. ROCE at constant exchange rates is expected to be between 23,0 and 26,0 percent.

Recognition for GEA's sustainability performance

GEA's progress in terms of sustainability is duly recognized by sustainability agencies. After gaining Prime Status (leadership in the industry index group) in the ISS ESG Corporate Rating on July 15, 2021, GEA was upgraded from an "A" to an "AA" in the MSCI ESG Rating in October 2021. This puts GEA among the "leaders," ranking among the best 27 percent in Industrial Machinery.

GEA Q3 2021 3

Report on Economic Position

Business Performance

Order Intake

Order intake	Q3	Q3	Change	Q1-Q3	Q1-Q3	Change
(EUR million)	2021	2020	in %	2021	2020	in %
Separation & Flow Technologies	345.4	283.5	21.8	1,042.8	903.5	15.4
Liquid & Powder Technologies	510.2	315.7	61.6	1,287.1	1,216.2	5.8
Food & Healthcare Technologies	245.5	205.9	19.3	753.7	620.4	21.5
Farm Technologies	158.3	165.9	-4.6	541.2	499.2	8.4
Heating & Refrigeration Technologies*	156.7	161.3	-2.8	487.0	484.1	0.6
Consolidation	-66.1	-77.2	14.3	-185.8	-257.4	27.8
GEA	1,349.9	1,055.1	27.9	3,926.0	3,465.9	13.3

*) On October 1st, the Refrigeration Technologies division was renamed to Heating & Refrigeration Technologies.

	Q3	Q1-Q3
Order intake development in %	2021	2021
Change compared to prior year	27.9	13.3
FX effects	0.5	-2.2
Acquisitions/divestments	-2.2	-1.6
Structure	-	-
Organic	29.6	17.0

• Order intake rose sharply by 27.9 percent to EUR 1,349.9 million in the third quarter; organic growth of 29.6 percent
• Significant double-digit growth in order intake in the Separation & Flow Technologies, Liquid & Powder Technologies and Food & Healthcare Technologies divisions more than compensated for slight declines in the Farm Technologies and Heating & Refrigeration Technologies divisions
• Growth in all regions, with the exception of Western Europe, Middle East & Africa
• Clear double-digit rise in order intake in almost all customer industries, especially food and beverage, only dairy farming recorded a slight decline
• Growth in orders worth up to EUR 5 million and large orders (>EUR 15 million); orders worth EUR 5 million to EUR 15 million remained stable
• Four large orders totaling EUR 167 million in the food, beverage and pharmaceutical sectors, including an order in the promising new food market with a volume well into the high double-digitmillion-euro range (prior-year quarter: two large orders for the milk processing and pharmaceutical industries totaling EUR 37 million)
• Order intake up 13.3 percent to EUR 3,926.0 million in the first nine months; organic growth of 17.0 percent

GEA Q3 2021 4

Revenue

Revenue	Q3	Q3	Change	Q1-Q3	Q1-Q3	Change	• Revenue rose by 4.7 percent to EUR 1,199.3 million in the third quarter, with organic
(EUR million)	2021	2020	in %	2021	2020	in %	growth reaching 6.0 percent
Separation & Flow Technologies	322.1	294.5	9.4	912.4	885.6	3.0
• Revenue growth in the Separation & Flow Technologies, Food & Healthcare Technologies and
Liquid & Powder Technologies	394.3	417.4	-5.5	1,120.8	1,225.5	-8.5
Farm Technologies divisions more than compensates for slight declines in the Liquid & Powder
Food & Healthcare Technologies	224.0	215.3	4.1	680.6	664.7	2.4
Technologies and Heating & Refrigeration Technologies divisions
Farm Technologies	175.1	165.2	6.0	453.4	451.3	0.5
							• The share of service revenue increased further: from 33.5 percent in the prior-year quarter
Heating & Refrigeration Technologies*	141.3	155.2	-8.9	430.8	489.1	-11.9
Consolidation	-57.6	-101.7	43.4	-177.6	-312.0	43.1	to 33.7 percent in the quarter under review
GEA	1,199.3	1,145.9	4.7	3,420.3	3,404.2	0.5	• Book-to-bill ratio remains at a very good level of 1.13 (previous year: 0.92)
*) On October 1st, the Refrigeration Technologies division was renamed to Heating & Refrigeration Technologies.					• Growth in all regions, especially Asia Pacific and Latin America
							• Growth in all customer industries, apart from beverages, with pharma recording a double-digit rise
							• Revenue up 0.5 percent to EUR 3,420.3 million in the first nine months;
					Q3	Q1-Q3
					organic growth of 3.9 percent
Sales development in %					2021	2021
Change compared to prior year					4.7	0.5
FX effects					0.5	-1.8
Acquisitions/divestments					-1.9	-1.7
Structure					-	-
Organic					6.0	3.9

GEA Q3 2021 5