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             basis of actual average   leverage of about      with regard to the Group’s   further detail to the initial,
          2
             exchange rates in the     2.5x to be right, with   long-term performance   preliminary indications
             financial year 2017. The   temporary variation    continue to apply, as    for the years ahead with
             largest exchange rate     above or below this    does the information     regard to the Group as a
             impact on the Group’s     tolerated because M&A   on the acquisition of   whole, including the new
             non-currency-adjusted     activity cannot be     Sensile Medical, which   Advanced Technologies
             earnings relates to the   planned in exact detail.   comprises the major part   Division, in the guidance
             US dollar, for which    The initial, preliminary   of the new Advanced    provided on publication of
             Gerresheimer has        indications given in the   Technologies Division.   the Annual Report 2018
             assumed an exchange rate   second quarter of 2018   Gerresheimer plans to add   in February 2019.
             of USD 1.12 per EUR
             1.00. The Brazilian and
             Indian currencies could
             also have greater relevance   PICVISA
             should they further
             depreciate. In addition,    INNOVATIVE TECHNOLOGY
             both the energy price
             trend – which is currently   IN THE SELECTION
             to Gerresheimer’s
             disadvantage – and          OF RECYCLABLE MATERIALS
             the temporary impact
             of higher prices for        Picvisa develops and manufactures   t " NFUBM EFUFDUJPO TZTUFN
             plastic granules can also   equipment for the classification and   t " GSPOU MJHIU UIBU JNQSPWFT UIF
             result in fluctuations.      selection of recyclable materials   detection of the most difficult
             The scheduled furnace       that are categorised according to   materials.
             overhaul at the Chicago     their composition and colour. The   t " DMFBOJOH TZTUFN XJUI B DPOmHVSBCMF
             plant commencing in         functioning of this equipment is based   drop ramp.
             September 2018 was          on the company’s own image software,   One of the Ecoglass success stories is
             not yet completed on        which is unique for each application.  an automated glass recycling plant with
             publication of the third-   The high-resolution artificial-vision   a capacity of 20 t/h. The material that
             quarter report and can      system and lighting systems from   is classified comes from the rejection
             likewise result in minor    Picvisa provide reliable and efficient   flows of the glass bottles’ manufacturing
             variations in earnings      solutions that surpass traditional market   process itself and glass waste obtained
             performance for the         equipment.                       from packaging and distribution of
             fourth quarter.             Ecoglass, one of the machines offered   beverages.
             Gerresheimer’s long-        by Picvisa, has a series of characteristics   With two eight-hour shifts per day,
             term target for the entire   that optimise its work when it comes   the five Ecoglass600 and the three
             Group, including the new    to classifying and separating glass by   Ecoglass600DB, with double bars, have
             Advanced Technologies       colour and shape from a wide variety of   achieved a total of 15,000 cumulative
             Division, remains as        materials.                       hours since their implementation in
             follows:                    Its innovative optical system allows to   August 2013. More than 90% of the
             t %FTQJUF UIF BDRVJTJUJPO   classify and separate glass by colour   material supplied is recovered with a
              of Sensile Medical,        and shape. Its lighting is equipped with   purity of 92% thanks to the optical
              the Gx ROCE forecast       long-lasting LED bars that increase   system that the equipment uses.
              remains unaltered at       the quality of colour and the stability.   A second Picvisa’s success story was
              approximately 15%.         The control screen allows the user   developed in a flat recycling plant
             t %VF UP UIF BDRVJTJUJPO    to configure and control the optical   from unused vehicles and construction
              of Sensile Medical         system, export data in an agile manner   and demolition waste, where the
              and the associated         and control alarms.              Ecoglass600 has accumulated a total of
              purchase price payment,    Ecoglass’ optional equipment allows to   6,700 hours since June 2014.
              adjusted EBITDA            extend the operation of the machine by   With a shift of eight hours a day, the
              leverage is expected to    means of the following additional:  team has managed to recover more than
              increase above 3x on a     t " EPVCMF CMPXJOH SFTPMVUJPO UIBU   95% of the crushed glass with a purity
              temporary basis. The        extends the range up to 2mm.    of 95% working at a capacity of 5 tons
              Company nonetheless        t " MFBE HMBTT EFUFDUJPO TZTUFN   per hour.
              continues to consider


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