1. WELCOME
DÜRR AKTIENGESELLSCHAFT
CONFERENCE CALL
RESULTS JAN.– SEPT. / Q3 2012
Ralf W. Dieter, CEO
Ralph Heuwing, CFO
Bietigheim-Bissingen, November 6, 2012
www.durr.com

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, CC Q3, November 6, 2012 2

3. BOOK TO BILL RATIO AT 1.1
9 months 9 months
€m Q3 2011 Q3 2012
2011 2012
Incoming orders 2,066.5 1,954.3 -5.4% 866.0 550.0 -36.5%
Sales revenues 1,307.3 1,757.5 34.4% 523.8 594.2 13.4%
Orders on hand (09/30) 2,122.2 2,332.1 9.9% 2,122.2 2,332.1 9.9%
Incoming orders development as expected, decrease in Application Technology and Cleaning
Filtration only
Project pipeline continues to be strong despite weaker macro-economic situation
Continued sales increase in Q3
Order backlog secures utilization well until first half of 2014
© Dürr AG, CCI, CC Q3, November 6, 2012 3

4. Q3 ORDER INTAKE LEVEL ACCORDING TO
PLAN
€m
866
900 29
800 725
679
643 189 618 35
700 28
541
557 35 17 550 Clean
600 175 Technology
26 21 182 160 16 Systems
159 149
500 364
141 Measuring and
362 375 144 165 137 Process
339 166
400 13 22 17 116 Systems
18 155
97 104
300 101 100 127 Application
80 152
466 Technology
200 78 69 83
336 379
65 294 325 289
275 244
100 Paint and
162 179 169 130 Assembly
Systems
0
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012
© Dürr AG, CCI, CC Q3, November 6, 2012 4

5. INCOMING ORDERS:
9 MONTHS 2012 VS. 9 MONTHS 2011
€m
2,500
-5%
2,000 Strong European business
China catches up in Q3 9 months 2011
9 months 2012
1,500
-33%
1,000
+32%
-5%
+44%
500 -47%
0
Total China America Germany Europe w/o Asia (w/o China),
Germany Africa, Australia
© Dürr AG, CCI, CC Q3, November 6, 2012 5

6. ORDER INTAKE: HEALTHY REGIONAL SPLIT
Rolling 12 months comparison
Incoming orders Incoming orders Sales revenues
rolling 12 months rolling 12 months rolling 12 months
2012 (2011) 2012 (2011) 2012 (2011)
12.2%
23.3% 16.5% (17.0%)
(38.2%) (11.8%)
32.0%
Mature (27.3%)
markets Emerging
markets * 23.1%
59% 7.3% (25.8%)
47%
(57%) (7.8%) 28.6%
(35%) 53%
(65%) (21.6%)
7.4%
(9.2%)
24.3% 25.3%
(20.6%) (20.7%)
Germany
* Asia (ex Japan), Mexico, Brazil, Eastern Europe
Rest of Europe incl. Eastern Europe
Emerging markets share above 50% North and South America
Asia (ex China), Africa, Australia
China still most important single market
China
© Dürr AG, CCI, CC Q3, November 6, 2012 6

7. NET INCOME DOUBLED DUE TO STRONG
SALES AND MODERATE SG&A INCREASE
9 months 9 months
€m Q3 2011 Q3 2012
2011 2012
Gross profit on sales 228.8 311.0 35.9% 88.4 112.9 27.7%
EBITDA 78.4 138.6 76.8% 35.0 53.5 52.9%
EBIT 63.5 118.9 87.2% 29.6 46.5 57.1%
Net income 34.6 71.3 106.1% 18.6 27.3 46.8%
Q3 gross margin increases to 19.0% due to high utilization and better order mix
(Q1: 16.4%/Q2: 17.6%)
Moderate increase of SG&A costs (+20%) well below sales increase
Q3 EBIT margin at 7.8%
Financial result weaker at € -23.2 m (€ -15.1 m) due to inclusion of Campus refinancing and
one time costs (€ 5.3 m)
© Dürr AG, CCI, CC Q3, November 6, 2012 7

8. TEMPORARY INCREASE IN NWC
Cash flow/free cash flow
9 months 9 months Q3 Q3
€m
2011 2012 2011 2012
EBT 48.4 95.7 24.7 36.2
Depreciation and amortization of non-current assets 14.9 19.8 5.4 6.9
Interest result 15.5 23.5 5.0 10.4
Income taxes paid -7.3 -13.2 -3.0 -4.4
Provisions 2.3 -10.4 2.7 4.8
Net working capital -48.2 -147.6 -15.0 -27.6
Other 2.6 13.8 33.5 20.0
Cash flow from operating activities 28.2 -18.4 53.3 46.3
Interest paid (net) -20.5 -19.7 -20.3 -17.6
Capital expenditures -12.4 -21.1 -4.4 -6.0
Free cash flow -4.7 -59.2 28.6 22.7
Strong cash flow improvement in Q3, NWC reduction expected in Q4
© Dürr AG, CCI, CC Q3, November 6, 2012 8

9. NWC: INCREASE ALONG WITH BUSINESS
EXPANSION
09/30/2011 12/31/2011 09/30/2012
NWC in € m 77.3 32.6 177.7
DWC (Days Working Capital) 16.0 6.1 27.3
DSO (Days Sales Outstanding) 126.8 117.2 115.7
DWC expected to be back in target range (20-25 days) at year end 2012
© Dürr AG, CCI, CC Q3, November 6, 2012 9

10. WIP AND PROGRESS BILLINGS
WIP approaches normalized range of +/- € 50 m
€m 09/30/2011 12/31/2011 09/30/2012
Assets
Work in process from contracts (WIP) 922.2 936.8 1,479.5
Progress billings -606.2 -639.2 -1,092.0
1 WIP in excess of billings 316.0 297.6 387.5
Liabilities
Work in process from contracts (WIP) -937.2 -1.221.9 -1,261.9
Progress billings 1,371.5 1,650.1 1,713.2
2 Billings in excess of WIP 434.3 428.2 451.3
Machinery business
WIP -20.7 -23.1 -34.0
3 Progress billings 18.4 18.6 33.0
4 Billings in excess of WIP -2.3 -4.5 -1.0
© Dürr AG, CCI, CC Q3, November 6, 2012 10

11. WIP AND PROGRESS BILLINGS
€m 09/30/2011 12/31/2011 09/30/2012
Balance: total WIP less total progress billings
1 - 2 - 4 -116.0 -126.1 -62.8
Prepayments (liabilities)
2 + 3 452.7 446.8 484.3
Progress billings were € 63m higher than future receivables1) on September 30, 2012
This will lead to a future cash outflow of € 63m
However, cash flow should benefit from higher earnings/revenues
1) These future receivables are not included in trade receivables
© Dürr AG, CCI, CC Q3, November 6, 2012 11

12. STRONG ROCE DESPITE HIGH NWC LEVEL
€m 09/30/2011 12/31/2011 09/30/2012
Equity in € m 341.0 364.3 411.3
Equity ratio in % 22.7 21.9 23.5
Net financial status in € m 0.9 51.8 -25.8
Cash in € m 235.0 298.6 249.7
Gearing in % -0.3 -16.6 5.9
ROCE1) in % 21.3 28.4 32.1
Equity ratio expected to increase during the next quarters
Positive net financial status expected at FY end
1) annualized
© Dürr AG, CCI, CC Q3, November 6, 2012 12

13. ROCE CLEARLY ABOVE COST OF CAPITAL
9 months
2006 2007 2008 2009 2010 2011
2012
EBIT in € m 33.1 55.7 72.7 5.7 36.6 106.5 118.9
Capital employed in € m 420.1 378.8 432.1 356.3 356.7 374.8 494.1
NWC in € m 154.7 128.9 151.8 57.4 27.3 32.6 177.7
DWC 40.9 31.4 34.1 19.2 7.8 6.1 27.3
ROCE in % 7.9 14.7 16.8 1.6 10.3 28.4 32.11)
ROCE in % CE turnover
Dürr’s business model favors low capital 35 6
employed 30 5
25 4
20
Strong focus on NWC management 15
3
10 2
Only slight CE increase since 2006 5 1
despite strong business expansion 0 0
2006 2007 2008 2009 2010 2011 2012e
1) annualized
© Dürr AG, CCI, CC Q3, November 6, 2012 13

14. PAINT AND ASSEMBLY SYSTEMS:
INCOMING ORDERS ON 2011 RECORD LEVEL
9 months 9 months
€m
2011 2012
Incoming orders 1,004.3 992.8 -1.1%
Sales revenues 580.9 810.5 39.5%
EBIT 26.1 49.1 88.1%
Book to bill ratio at 1.2
EBIT margin at record high in Q3 2012 (7.0%)
© Dürr AG, CCI, CC Q3, November 6, 2012 14

15. APPLICATION TECHNOLOGY:
STRONG EBIT DEVELOPMENT
9 months 9 months
€m
2011 2012
Incoming orders 464.7 406.8 -12.5%
Sales revenues 281.3 396.7 41.0%
EBIT 14.9 37.2 149.7%
Q3 incoming orders should have bottomed out, strong pipeline in brownfield projects
Good earnings improvement due to high utilization and improved margin realization,
EBIT margin reached 9.2% in Q3
© Dürr AG, CCI, CC Q3, November 6, 2012 15

16. MEASURING AND PROCESS SYSTEMS:
CONTINUED EARNINGS MOMENTUM
9 months 9 months
€m
2011 2012
Incoming orders 513.4 475.8 -7.3%
Sales revenues 388.0 482.8 24.4%
EBIT 22.2 40.4 82.0%
Normalized order intake level in Q3, selective order intake in Cleaning and Filtration
Incoming orders at Balancing and Assembly Products +15%
Earnings improvement in both business units; EBIT margin reaches 11.1% in Q3
© Dürr AG, CCI, CC Q3, November 6, 2012 16

17. CLEAN TECHNOLOGY SYSTEMS:
BOOK TO BILL RATIO AT 1.2
9 months 9 months
€m
2011 2012
Incoming orders 84.0 78.9 -6.1%
Sales revenues 57.1 67.5 18.2%
EBIT 3.0 1.9 -36.7%
Order intake temporarily weaker in Q3; several VAM-RTO in the pipeline, higher order intake
expected in Q4
EBIT margin at 5.5% in Q3 despite expansion costs in energy efficiency business
© Dürr AG, CCI, CC Q3, November 6, 2012 17

18. EXPANDING SERVICE BUSINESS
9 months 9 months
2008 2009 2010 2011
2011 2012
Sales revenues in € m 395.9 263.3 362.0 445.4 314.0 362.6
Sales revenue in % of group sales 24.7 24.4 28.7 23.2 24.0 20.6
Example Application Technology: Number of paint robots in the installed base
8000
7000
6000
5000
4000
3000
2000
1000
0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012e
© Dürr AG, CCI, CC Q3, November 6, 2012 18

19. LARGE SERVICE POTENTIAL IN THE
EMERGING MARKETS
Service in % of total sales by country
25
20
15
10
5
0
China India Russia Brazil Mexico Group
© Dürr AG, CCI, CC Q3, November 6, 2012 19

20. MARKET: STRONG PASSENGER CAR SALES
September 2012/2011
Change year-over-year in %
Japan 42
USA 15
Russia 14
India 10
China 9
Brazil 6
new EU countries 0
Germany -2
Western Europe -8
-10 0 10 20 30 40 50 60
Source: VDA (German carmakers´ association)
© Dürr AG, CCI, CC Q3, November 6, 2012 20

21. CONTINUED STRONG EMERGING MARKETS
GROWTH EXPECTED
Emerging markets contribute 90% to worldwide automobile production growth 2011-2016
CAGR in %
m units 99.8
95.3
110 90.0
83.9 2.9 3.0
100 79.2 2.8
2.7
90 74.6 2.6
2.4 24.7 10.0
80 2.5 23.1
21.1
70 16.5 18.9
15.3
60 24.6 25.4 5.3
23.9
50 19.6 21.6 22.5
40
20.9 22.1 23.2 3.1
30 19.9 19.2 19.7
20
10 17.3 19.5 20.2 21.4 22.7 23.6 6.4
0
2011 2012 2013 2014 2015 2016
Source: PwC
America Europe Asia (without China) China other Last update: October 2012
© Dürr AG, CCI, CC Q3, November 6, 2012 21

22. OUTLOOK: ON THE WAY TO 7% EBIT MARGIN
Ongoing growth and profit improvement expected
>2,300 2,685
Sales in € m Incoming orders in € m 2,500
1,922
1,782 1,642
1,261 1,460 1,464
1,078 1,217 1,185
2009 2010 2011 2012e 2005 2006 2007 2008 2009 2010 2011 2012e
6.5 - 7%
EBIT margin
(EBIT in € m)
5.5%
(106.5)
2.9%
0.5% (36.6)
(5.7)
2009 2010 2011 2012e
© Dürr AG, CCI, CC Q3, November 6, 2012 22

23. SUMMARY
9 months within expectations, EBIT margin reached 7.8% in Q3
Positive long term market outlook despite current macro-economic
slowdown
Healthy project pipeline, no signs for a deterioration of business
Positive 2012 outlook supported by order backlog, incoming orders and
project pipeline. Margin goal of 6.5 - 7% within reach and conservative
© Dürr AG, CCI, CC Q3, November 6, 2012 23

24. FINANCIAL CALENDAR
11/13/12 - 11/14/12 UBS Conference, London
12/04/12 - 12/07/12 Berenberg Conference, Pennyhill
01/14/13 - 01/16/13 Commerzbank German Investment Seminar, New York
01/22/13 German Corporate Conference by Cheuvreux, Frankfurt
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, CC Q3, November 6, 2012 24

25. DÜRR AKTIENGESELLSCHAFT
CONFERENCE CALL
RESULTS JAN.– SEPT. / Q3 2012
Ralf W. Dieter, CEO
Ralph Heuwing, CFO
Bietigheim-Bissingen, November 6, 2012
www.durr.com