1. Conference Call
Results January - June 2012 Dürr Group
Ralf W. Dieter, CEO
Ralph Heuwing, CFO
Bietigheim-Bissingen, August 1, 2012
www.durr.com
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2. Disclaimer
This presentation has been prepared independently by Dürr AG (“Dürr”).
The presentation contains statements which address such key issues as Dürr´s strategy,
future financial results, market positions and product development. Such statements should
be carefully considered, and it should be understood that many factors could cause forecast
and actual results to differ from these statements. These factors include, but are not limited to
price fluctuations, currency fluctuations, developments in raw material and personnel costs,
physical and environmental risks, legal and legislative issues, fiscal, and other regulatory
measures. Stated competitive positions are based on management estimates supported by
information provided by specialized external agencies.
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 -2-

3. Book-to-bill ratio at 1.2
H1 2012 H1 2011 Q2 2012 Q2 2011
Δ Δ
in € m
Incoming orders 1.404,3 1.200,4 17,0% 725,2 643,4 12,7%
Sales revenues 1.163,3 783,5 48,5% 600,9 424,9 41,4%
Orders on hand (06/30) 2.386,5 1.746,9 36,6% 2.386,5 1.746,9 36,6%
 Project pipeline continues to be strong, despite weakening of macro-economic situation
 Service business +22%
 Order backlog at record level secures utilization well into second half of 2013
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 -3-

4. Continued strong growth trend in incoming
orders
in € m
866
900
29
800
725
189
679 35
700 643
35
618 28
17
600 541 557 175
21 160
26 182
159 149 Clean Technology
500 Systems
144 165 137 Measuring and Process
362 375 364
400 339 22 116 166 Systems
13 17 155
18 Application Technology
97
300 101 100 127
80 Paint and Assembly
152 Systems
466
200 78 69 83
379
65 336 325
275 294
244
100 179
162 169
130
0
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 -4-

5. Incoming orders H1 2012 vs. H1 2011
in € m
1.600 H1 H1
+17%
2011 2012
1.400
Strong European and US business
1.404,3
1.200
1.200,4
1.000
800
600
+44%
-3%
400 +14% 460.0
+60%
318.8 320.2
301.0 -48%
200 291.4 278.9 262.8
163.9 136.5
0 71.3
Total China America Germany Europe w/o Germany Asia, Japan, Africa w/o
China
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 -5-

6. Incoming orders: Healthy regional split
Rolling 4 quarter comparison
Incoming orders Incoming orders Sales revenues
Q3 2011-Q2 2012 Q3 2011-Q2 2012 Q3 2011-Q2 2012
(2010/2011) (2010/2011) (2010/2011)
12.5%
29.4% 14.6% 31.5% (18.9%)
(30.0%) (14.2%) (26.0%)
Mature
markets Emerging
markets *
41%
(43%) 59% 23.6%
25.2%
(57%) (26.3%)
7.0% (24.4%) 7.5%
(9.5%) (9.5%)
23.8% 24.9%
*Asien (ohne Japan), Mexiko, Brasilien, Osteuropa (21.9%) (19.3%)
Germany
 Emerging markets share at just under 60% Europe w/o Germany, incl. Eastern Europe
North and South America
 China still most important single market Asia (w/o China), Africa, Australia
China
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 -6-

7. H1: EBIT doubles due to strong sales
and moderate SG&A increase
H1 2012 H1 2011 Q2 2012 Q2 2011
Δ Δ
in € m
Gross profit on sales 198.1 140.4 41.1% 105.8 79.1 33.8%
EBITDA 85.2 43.4 96.3% 49.7 29.0 71.4%
EBIT 72.3 33.9 113.3% 42.7 24.1 77.2%
Net income 44.0 16.0 175.0% 26.8 14.2 88.7%
 Gross margin increases to 17.6% in Q2 (Q1: 16.4%) due to high utilization and better order mix
 Moderate increase of SG&A costs (+20%) well below sales increase
 Financial result weaker at € -12.8 m (€ -10.1 m) due to inclusion of Campus refinancing
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 -7-

8. Temporary increase in NWC
Cash flow/free cash flow
H1 2012 H1 2011
in € m
EBT 59.5 23.7
Depreciation and amortization of non-current assets 12.8 9.5
Interest result 13.1 10.5
Income taxes paid -8.8 -4.3
Δ Provisions -15.2 -0.4
Δ Net working capital -120.0 -33.2
Other -6.0 -30.9
Cash flow from operating activities -64.6 -25.1
Interest paid (net) -2.1 -0.2
Capital expenditures -15.0 -8.0
Free Cashflow -81.7 -33.3
 Reduction of NWC expected in H2 2012, final project payments are concentrated in H2
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 -8-

9. NWC: Increase along with business expansion
06/30/2012 12/31/2011 06/30/2011
in € m
NWC in € m 151.2 32.6 63.0
DWC (Days Working Capital) 23.4 6.1 14.5
DSO (Days Sales Outstanding) 119.4 117.2 113.9
 DWC Within target range of 20 to 25 days despite rise in NWC
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 -9-

10. WIP and progress billings:
WIP reduction of € 31m
06/30/2012 12/31/2011 06/30/2011
in € m
Assets
Work in process from contracts (WIP) 1,465.0 936.8 844.7
Progress billings -1,089.8 -639.2 -570.7
1 WIP in excess of billings 375.2 297.6 274.0
Liabilities
Work in process from contracts (WIP) -1,262.7 -1,221.9 -742.6
Progress billings 1,733.2 1,650.1 1,081.4
2 Billings in excess of WIP 470.5 428.2 338.8
Machinery business
WIP -33.1 -23.1 -15.3
3 Progress billings 32.9 18.6 15.2
4 Billings in excess of WIP -0.2 -4.5 -0.1
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 - 10 -

11. WIP and progress billings
06/30/2012 12/31/2011 06/30/2011
in € m
Balance: total WIP less total progress billings
1 - 2 - 4 -95.1 -126.1 -64.7
Prepayments (liabilities)
2 + 3 503.4 446.8 354.0
 Progress billings were € 95 m higher than future receivables1) on June 30, 2012
 This will lead to a future cash outflow of € 95 m
However, cashflow should benefit from higher earnings/revenues
1) These future receivables are not included in trade receivables
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 - 11 -

12. Strong ROCE despite NWC level
06/30/2012 12/31/2011 06/30/2011
Equity in € m 386.6 364.3 323.2
Equity ratio in % 22.1 21.9 24.3
Net financial status in € m -48.3 51.8 -34.9
Cash in € m 235.5 298.6 195.2
Gearing in % 11.1 -16.6 9.8
ROCE1) in % 29.5 28.4 16.4
 Equity ratio expected to increase during the next quarters
 Net financial status expected to be positive at FY end 1)annualized
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 - 12 -

13. Paint and Assembly Systems:
Strong order momentum continued
H1 2012 H1 2011
Δ
in € m
Incoming orders 703.4 538.5 30.6%
Sales revenues 531.2 342.8 55.0%
EBIT 29.5 14.0 110.7%
 Solid order execution
 EBIT more than doubled due to higher volume and moderate overhead cost increase
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 - 13 -

14. Application Technology:
Strong EBIT development
H1 2012 H1 2011
Δ
in € m
Incoming orders 303.2 282.5 7.3%
Sales revenues 264.5 171.5 54.2%
EBIT 25.0 7.2 247.2%
 Incoming orders in Q2 slightly weaker than in Q1, but strong pipeline
 Strong earnings improvement due to high utilization and improved margin realization, EBIT
margin reached almost 10% in Q2
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 - 14 -

15. Measuring and Process Systems:
Incoming orders accelerating in Q2
H1 2012 H1 2011
Δ
in € m
Incoming orders 334.5 324.1 3.2%
Sales revenues 323.8 236.6 36.9%
EBIT 22.8 12.4 83.9%
 Incoming orders in Q2 2012: + 9.9% yoy and + 9.4% vs. Q1 2012
 Ongoing strong order momentum at Balancing and Assembly Products
 Earnings improvement in both business units
 Cleaning and Filtration Systems positive in H1
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 - 15 -

16. Clean Technology Systems:
On track in Q2
H1 2012 H1 2011
Δ
in € m
Incoming orders 63.2 55.4 14.1%
Sales revenues 43.7 32.6 34.0%
EBIT 0.6 1.5 -60.0%
 Several projects won in H1: e.g. in chemical, carbon fibre and automotive industries, strong Q2
order intake: +23% compared to Q1 2012
 EBIT margin in Q2 at 6.2%
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 - 16 -

17. Market: Strong passenger car sales in H1 2012
Change year-over-year in %
Japan 57%
USA 15%
Russia 14%
India 13%
China 9%
Germany 1%
Brazil 0%
Western Europe -7%
-10% 0% 10% 20% 30% 40% 50% 60%
Source: VDA (German carmakers´ association)
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 - 17 -

18. No change in long term growth trend
China, India, Russia, Thailand & Indonesia with expected growth >10%
LV production increase by 27 m units over 5 years!
101.8 CAGR in %
110 97.5 2,9
100 92.5 2,8
86.0 3.0
2,7
90 79.6 2,6
74.6 2,4 25,9
80 24,4 11.1
2,5 22,2
19,5
70 16,9
15,3
60
24,9 25,7 5.6
24,2
50 23
19,6 21,7
40
22,7 23,6
30 20,5 21,9 3.5
19,9 19,3
20
21,5 22,7 23,7 6.5
10 17,3 19,3 20,4
0
2011 2012 2013 2014 2015 2016
Source: own estimates, PWC, JD Power
America Europe Asia (without China) China Other Last update 2012
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 - 18 -

19. Outlook: On the way to 7% EBIT margin
Ongoing growth and profit improvement expected
Sales in € m 2,300 2,685
1,922 Incoming orders in € m 2,500
1,261 1,782
1,078 1,642
1,460 1,464
1,217 1,185
6.5 - 7%
2009 2010 2011 2012e
2005 2007 2009 2011
EBIT margin 5.5%
2005 2006 2007 2008 2009 2010 2011 2012e
(EBIT in € m) (106.5)
2.9%
0.5% (36.6)
(5.7)
2009 2010 2011 2012e
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 - 19 -

20. Summary
 H1 better than expected, incoming orders in Q2 above Q1 and Q2 2011,
EBIT margin already at 7.1% in Q2
 Positive long term market outlook (PwC), despite current
macro-economic slowdown
 Solid project execution
 Positive 2012 outlook supported by order backlog, incoming orders
and pipeline. Margin goal of 6.5 - 7% within reach
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21. Financial calendar
09/25/2012 Baader Conference, Munich
09/26/2012 Berenberg & Goldman Conference, Munich
11/06/2012 Interim report for the first nine months of 2012
Analyst conference
11/13-14/2012 UBS Conference, London
12/4-7/2012 Berenberg Conference, London
Contact: Dürr Aktiengesellschaft
Günter Dielmann
Corporate Communications & Investor Relations
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Germany
Phone +49 7142 78-1785
E-Mail investor.relations@durr.com
Dürr AG © CCI, Conference Call H1 2012, August 1, 2012 - 21 -

22. Conference Call
Results January - June 2012 Dürr Group
Ralf W. Dieter, CEO
Ralph Heuwing, CFO
Bietigheim-Bissingen, August 1, 2012
www.durr.com
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