GESCO Company Presentation February 2022

1. In Transition
Company Presentation
February 2022

2. 2
… in one share – that is GESCO
technology-driven German Mittelstand
Hidden champions
GESCO AG – Company Presentation – February 2022

3. Agenda
GESCO AG – Company Presentation – February 2022
01 GESCO AT A GLANCE
02 FIRST NINE MONTHS 2021
03 GESCO ON THE STOCK MARKET
04 APPENDIX
3

4. 01GESCO AT A GLANCE

5. GESCO AG – Company Presentation – February 2022
GESCO AT A GLANCE
… the best SMEs in one share
The business model
Acquisition of industrial SMEs and long-term
development into hidden champions
Purchases made, usually majority as in 100%, within
the context of succession planning
Methodological competency, expertise and joint pursuit
of added value
11 operating subsidiaries, growing internationally,
under the GESCO AG umbrella
Dynamic, independent units that benefit from the best
practice of a strong group
Innovative technology “Made in Germany” for the
global markets
GESCO AG
Long-term investor secures
future viability
GESCO Group
Industrial group shaped by
SMEs with market and
technology leaders
5

6. GESCO AG – Company Presentation – February 2022
GESCO AT A GLANCE
GESCO – Facts and figures
Technology-leading Mittelstand in one share
Approx. € 400 m
GROUP SALES 2020
(CONTINUED OPERATIONS)
8 – 10%
TAGETED EBIT MARGIN
1989
YEAR OF FOUNDATION
1998
IPO
11
PORTFOLIO COMPANIES
100%
FOCUS ON SMEs
1,789
EMPLOYEES (30/09/2021)
OF WHICH 22
HOLDING EMPLOYEES (30/09/2021)
6

7. GESCO AG – Company Presentation – February 2022
GESCO AT A GLANCE
… segments geared towards end markets
GESCO – Segments
Production Process
Technology
Dynamic markets with
a high degree of innovation
Automation and process solutions
in mechanical and plant engineering
Healthcare & Infrastructure
Technology
Robust markets with
low economic fluctuations
Assemblies, components
and consumables
Resources
Technology
Cyclical markets, focus on niches
and customer service
Customer-specific solutions
for primary materials loading
technology for gases and liquids
Methodological competency and expertise
bundled in Excellence programmes
Balanced, robust and resilient portfolio
with anchor and basic investments
GESCO AG
7

8. GESCO AG – Company Presentation – February 2022
GESCO AT A GLANCE
… an integrated concept
EXCELLENCE PROGRAMMES
CANVAS – Business Model |
MAPEX |
OPEX |
LEADEX |
PORTFOLIO
ARCHITECTURE
M&A
| Growing (an)organically
| Stronger focus on add-ons
| Acquire larger companies
| Network generates constant deal flow
H I D D E N
C H A M P I O N S
E
T
N
X
Innovative niche providers
with a leading market position
Expand methodological
competence and expertise
12 basic investments
with substantial size
Target portfolio with
three core investments
NEXT LEVEL
8

9. NEXT LEVEL strategy – Excellence programmes
GESCO AG – Company Presentation – February 2022 9
GESCO AT A GLANCE
Over full market cycle
Targeted EBIT margin 8 – 10% p. y.
Operative Excellence 9 – 12 months until effectiveness 3% p. y.
Sales per employee
Growth by
12 – 24 months until effectiveness
Market & Product Excellence 3% p. y.
Sales growth
above Market by
Market & Product Excellence MAPEX
Analysis of customer segments, product offerings,
customer channels and relationships; new ideas for
product portfolio and market positioning
Expand market shares, approach new market
segments, develop product innovations
Leadership Excellence LEADEX
Sharpen leadership skills in a dynamic environment
and strengthen attractiveness as an employer
Develop leaders,
strengthen corporate culture
OPEX Operative Excellence
Analysis of value creation processes, in particular with
regard to quality, lead time and delivery performance, as
well as cost structures
Increase efficiency and margins
CANVAS Business model analysis
Workshops for holistic analysis of the business models –
Integration of the results into the annual business
planning process
Consolidate common understanding in the management
team, identify development potentials
17x 5x
6x

10. GESCO AG – Company Presentation – February 2022
GESCO AT A GLANCE
… aligned with our target portfolio
M&A
Network
continues to generate
good deal flow
Direct Approach
selected targets according
to own market analyses
Search Profile
Sales
€ 20 million to € 100 million
for direct investments
Add-ons
with strategic added value
for existing companies
starting at € 5 million in sales
GESCO
always on the lookout
for future
hidden champions
10

11. GESCO AG – Company Presentation – February 2022 11
Acquisition of UMT Group on 15 June 2021
GESCO AT A GLANCE
Bückeburg
Hanover
Porta Westfalica
Sales 2020A (€m): approx. 20
Employees: approx. 60
Continents: 3
Products: 450
Active patents: 14
Production area (m²): > 3,000
1976 Founded by W. Krömker
2012
Majority stake taken over by
VR Equitypartner & Invicto
2014 First successful FDA inspection
2015
Takeover of Tragfreund GmbH
New management
2017
SKYDOQ® series
Red Dot Design Award
2021 100% takeover by GESCO
United MedTec
Holding GmbH
W. Krömker
GmbH
Tragfreund
GmbH
100 % 100 %
GESCO expands medical technology portfolio

12. W. Krömker GmbH
GESCO AG – Company Presentation – February 2022 12
Product portfolio
GESCO AT A GLANCE

13. UMT Group
GESCO AG – Company Presentation – February 2022 13
Integration of the new acquisition into GESCO Group
GESCO AT A GLANCE
United MedTec
Holding GmbH
W. Krömker
GmbH
Tragfreund
GmbH
Haseke
GmbH & Co. KG
UMT Group
Substantial basic investment
to become a hidden champion
in the attractive segment of medical technology
Haseke
Beteiligungs-GmbH
Licensing company
for Krömker
(SKYDOQ® series)
Financial year 2020
Sales: approx. € 20 million
Employees: approx. 60
Financial year 2020
Sales: € 12.1 million
Employees: 69
General partner company
100% 100%
100%
100%

14. NEXT LEVEL strategy
GESCO AG – Company Presentation – February 2022 14
Target portfolio architecture
GESCO AT A GLANCE
Balanced, robust and resilient portfolio
ACTUAL (continuing operations) TARGET
12 core investments with substantial
contributions to sales and earnings
3 basic investments
with different target
markets
MAE SuS Kesel Dörren-
berg
SVT PGW
Funke Setter Astro-
plast
Hubl Haseke Krömker
Discontiued
operations
12/2020
Sale of six subsidiaries
and discontinuation
of the Mobility
Technology segment
02/2021
Management buy-out
at VWH GmbH and
completion of
December deal
Production Process
Technology
Resource
Technology
Healthcare and Infrastructure Technology
UMT Group

15. 02FIRST NINE MONTHS 2021

16. Strong business development continues in 9M 2021
GESCO AG – Company Presentation – February 2022
High demand level and positive effects on earnings from OPEX activities
FIRST NINE MONTHS 2021
(in € million; continuing operations)
16
Better utilisation and
adjusted capacities
Efficiency gains through
OPEX activities
Material expenditure ratio
56.4%  56.3%
Personnel expendit. ratio
26.6%  23.9%
Depreciation slightly
above previous year
(+2.3%)
EBIT margin of 7.9%
(vs. 3.4%)
Book-to-bill ratio of 1.20 (vs. 1.06) Financial result
improved
Earnings per share
€ 1.40 (vs. € 0.41)
Incl. discontinued
operations
€ 1.40 (vs. € -1.12)

17. Continued growth in Q3 2021
GESCO AG – Company Presentation – February 2022 17
Good performance driven by all segments
FIRST NINE MONTHS 2021
(in € million; continuing operations)
↑ = Increase into positive range compared to negative amount
in the comparative period.
Change (YOY)
Q1 +18.8% +10.5% +80.1% +>100% +>100% +>100%
Q2 +57.9% +30.7% +>100% ↑ ↑ ↑
Q3 +60.0% +18.0% +40.8% +31.3% +34.7% +0.1%
9M +43.3% +19.2% +79.9% +>100% +>100% +>100%
EBIT margin
2021 (2020)
Q1: 6.6% (2.1%)
Q2: 6.8% (neg.)
Q3: 10.2% (9.2%)
9M: 7.9% (3.4%)

18. Production Process Technology Segment
GESCO AG – Company Presentation – February 2022
Stainless steel technology with strong result – capital goods positive
FIRST NINE MONTHS 2021
18
(in € million; continuing operations)
↑ = Increase into positive range compared to negative amount in the comparative period.
9M/Q3 2021
 Incoming orders almost doubled in Q3 and 9M
 Strong Q3 supports EBIT margin in 9M
 Disproportionate contribution on earnings from stainless steel
technology
 Positive effects from capital goods business in Q3
(noticeable sales and earnings contributions usually in H2)
Outlook on 2021
 Slight recovery in mechanical and plant engineering
 High-margin growth in stainless steel processing
 Revenue and earnings contributions from capital goods in H2 2021
 Earnings relieved by restructuring in previous year
Change (YOY)
Q1 +58.1% +23.8% ↑
Q2 +>100% +10.5% -
Q3 +94.1% +15.2% +64.4%
9M +95.4% +16.1% ↑
EBIT margin
2021 (2020)
Q1: 8.6% (neg.)
Q2: neg. (neg.)
Q3: 16.8% (11,8%)
9M: 9.6% (neg.)

19. Resource Technology segment
GESCO AG – Company Presentation – February 2022
High demand across the board – well-running raw material-intensive business
FIRST NINE MONTHS 2021
19
9M/Q3 2021
 Noticeable recovery in demand, especially in Q2 and Q3
 Significant increase in sales and earnings in 9M
 Earnings and EBIT margin markedly improved in Q3
 Strong earnings contribution from raw material-intensive
companies
 Positive development, however, supported by all companies
Outlook on 2021
 Higher demand in the tool and strip steel segment
 Good order situation in loading technology
 Positive effects from material price development
 Significant increase in sales
 Disproportionate rise in earnings
(in € million; continuing
operations)
Change (YOY)
Q1 +10.9% +14.0% +>100%
Q2 +44.7% +35.2% +>100%
Q3 +52.8% +10.8% +>100%
9M +33.6% +19.2% +>100%
EBIT margin
2021 (2020)
Q1: 8.8% (4.0%)
Q2: 10.6% (3.2%)
Q3: 15.4% (7.1%)
9M: 11.6% (4.8%)

20. Healthcare and Infrastructure Technology segment
GESCO AG – Company Presentation – February 2022
Business volume expanded again – dampening one-off effects in Q3
FIRST NINE MONTHS 2021
20
9M/Q3 2021
 Incoming orders up again in Q3
 Good demand esp. in construction and semiconductor industry
 Sales significantly increased in 9M (+20.3% incl. UMT, +15.1%
excl. UMT)
 EBIT margin stable in 9M, slightly below previous year
 Dampening one-off effects in Q3:
 Restructuring of the recently acquired UMT Group
 New production site in the USA (Setter)
Outlook on 2021
 Positive sales development at all companies
 Overall stable margin
Change (YOY)
Q1 +20.2% +0.1% +2.9%
Q2 +52.0% +30.4% +42.7%
Q3 +59.1% +30.2% +5.5%
9M +42.2% +20.3% +16.8%
(in € million; continuing
operations)
EBIT margin
2021 (2020)
Q1: 10.3% (10.0%)
Q2: 12.5% (11.2%)
Q3: 8.4% (10.6%)
9M: 10.3% (10.6%)

21. Assets and financial position
GESCO AG – Company Presentation – February 2022
Solid financial parameters
FIRST NINE MONTHS 2021
21
 Balance sheet total +11.9 % esp. due to acquisition of UMT
Group
 Comfortable equity base
 Non-current assets increased (+18.7%), i. a. due to increase in
intangible assets (+€ 27.9 million)
 Current assets increased (+7.2%), i. a. due to increase in
inventories and trade receivables (+€ 22.4 million)
 Non-current liabilities increased (+10.5%) in particular due to
higher deferred tax, pension and leasing liabilities in the context
of the acquisition of the UMT Group
 Current liabilities slightly higher mainly due to increased trade
payables, advance payments received on orders, other liabilities
 Current and non-current liabilities to banks reduced
 Stable cash position and low net debt
 Improved cash flow from operating activities
 Working capital at 31.12.2020 level (working capital ratio
improved to 32.6%, last 12 months)
Balance sheet figures 30/09/2021 31/12/2020
(in € million)
Total assets 437.3 390.8
Equity 242.9 227.8
Equity ratio (in %) 55.5 58.3
Non-current liabilities 75.4 68.2
Current liabilities 119.1 94.8
Cash and cash equivalents 48.9 49.2
Net debt 30/09/2021 31/12/2020
(in € million)
Bank liabilities - non-current 37.5 38.2
Bank liabilities - current 37.8 44.4
Cash and cash equivalents -48.9 -49.2
Net debt - financial institutions 26.4 33.4
Lease liabilities 20.1 15.3
Net debt incl. leasing 46.5 48.7

22. In € million
(Outlook prior to M&As/excl.
change to scope of consolidation)
Financial year
2021
Financial year
2020 (continued)
Group sales
445 - 465
465 - 485 397,2
Group net income
after minority interest
16.5 - 18.5
20.0 - 22.0 5,8
Earning forecast for 2021 raised again
GESCO AG – Company Presentation – February 2022
FIRST NINE MONTHS 2021
... heading for the NEXT LEVEL
It is impossible to assess the further impact of the coronavirus pandemic.
As a result, expectations may change significantly at short notice.
22

23. 03GESCO ON THE STOCK MARKET

24. 90%
100%
110%
120%
130%
140%
150%
160%
31-12-2020 31-03-2021 30-06-2021 30-09-2021 31-12-2021
GESCO AG (excl. dividend) SDAX (price index)
GESCO AG – Company Presentation – February 2022
GESCO ON THE STOCK MARKET
Portfolio restructuring and economy support share price performance
Share price performance
Source: Bloomberg; share performance indexed; as at 31/01/2022.
24
31-12-2020
Closing price and low: € 18.35
(100%)
31-12-2021
Closing price: € 25.50
(+39.0%)
16-09-2021
High: € 26.10
(+42.2%)

25. GESCO AG – Company Presentation – February 2022
GESCO ON THE STOCK MARKET
Stable shareholder structure even in challenging times
Share and shareholder structure
Source: Company Information, as at 31/01/2022.
25
ISIN DE000A1K0201
WKN A1K020
Stock market code GSC1
Share capital (31/12/2021) € 10,839,499
Number of shares (31/12/2021) 10,839,499
IPO 24/03/1998
Transparency standard Prime Standard
Year-end price (31/12/2021) € 25.50
Market capitalisation (31/12/2021) € 276.4 m
Free float (31/01/2022) 69.0%
Research/Coverage GSC Research
Pareto Securities
SMC Research
Warburg Research
Indices CDAX Total Index
Prime All Shares
Prime Industrial
Prime Industrial Diversified
Classic All Share

26. GESCO AG – Company Presentation – February 2022
GESCO ON THE STOCK MARKET
Dividend policy remains unchanged
Dividend
Financial year 2020
 Dividend payment suspended for financial year 2020 in line with
dividend policy
 Decision made due to negative result after minority interest for
financial year 2020
Dividend policy
 Distribution within the range of 20% to 60% of Group net income
after minority interest
 Range offers flexibility for NEXT LEVEL strategy
26
Dividend
in 2022

27. Thank you very much
for your attention!

28. 04APPENDIX

29. GESCO AG – Company Presentation – February 2022
APPENDIX
Financial calendar 2022
In permanent dialogue with the capital market
Date Reporting/event Type/venue
09/02/2022 Hamburg Investors’ Day (Montega) Hamburg
16/02/2022 Investment Companies Day (M.M. Warburg) Virtual
21/04/2022 Accounts press, investors and analysts’ conference on FY 2021 Virtual
03/05/2022 GESCO company presentation (SdK) Virtual
13/05/2022 Quarterly Statement on Q1 2022 Publication
23/05/2022 Spring Conference (Equity Forum) Frankfurt/Main
12/08/2022 Half-Year Financial Report 2022 Publication
24/08/2022 Annual General Meeting Wuppertal or virtual
05/09/2022 Autumn Conference (Equity Forum) Frankfurt/Main
15/09/2022 12th Zurich Capital Markets Conference (GBC/Scherrer AM) Zurich
14/11/2022 Quarterly Statement on Q3 2022 Publication
15/11/2022 34th Munich Capital Markets Conference (GBC) Munich
28-30/11/2022 German Equity Forum (German Stock Exchange) TBD
29

30. GESCO AG – Company Presentation – February 2022
APPENDIX
Shareholder and press contact
We are at your disposal for questions and suggestions
Peter Alex
Head of
Investor Relations & Communications
Tel +49 (0) 202 24820-18
Fax +49 (0) 202 24820-49
Yvette Gotzmann
Team
Investor Relations & Communications
Tel +49 (0) 202 24820-17
Fax +49 (0) 202 24820-49
investorrelations@gesco.de (IR enquiries) • presse@gesco.de (press enquiries)
stimmrechte@gesco.de (voting rights notifications)
30

31. Disclaimer
 This presentation may contain forward-looking statements based on current assumptions and
forecasts made by GESCO AG’s management. Various known and unknown risks, uncertainties and
other factors could lead to material differences between the actual future results, financial situation,
development or performance of the company and the estimates given here. These factors include
those discussed in GESCO’s public reports which are available at www.gesco.de. The company
assumes no liability whatsoever to update these forward-looking statements or to conform them to
future events or developments.
 This presentation does not constitute an offer to sell or a solicitation or offer to buy any securities of
the Company, and no part of this presentation shall form the basis of or may be relied upon in
connection with any contract or commitment. This presentation is being presented solely for your
information and is subject to change without notice.
GESCO AG – Company Presentation – February 2022 31