Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — 2011 Deutsche Bank German & Austrian Corporate Conference

27 slides from Siemens Aktiengesellschaft's conference presentation, May 19, 2011

  1. Slide 1: Broad-based growth – Executing on „One Siemens“

    Broad-based growth – Executing on „One Siemens“ Joe Kaeser, CFO 2011 Deutsche Bank “German & Austrian Corporate Conference” Frankfurt am Main, Germany May 19, 2011 Page 1 DB German & Austrian Corporate Conference, May 19th, 2011 Copyright © Siemens AG 2011. All rights reserved.

  2. Slide 2: Safe Harbour Statement

    Safe Harbour Statement This document contains forward-looking statements and information – that is, statements related to future, not past, events. These statements may be identified by words such as “expects,” “looks forward to,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,”

  3. Slide 3: Highlights from fiscal Q2 2011

    Highlights from fiscal Q2 2011 Strong operational Q2 performance  Broad-based growth with particular strength in emerging markets  Early cycle businesses in Industry and Fossil Power Generation drive profit improvement  Lighter Free Cash Flow as expected Further portfolio optimization to drive su

  4. Slide 4: Strong backlog going into H2 2011

    Strong backlog going into H2 2011 Strong order backlog 1) Major order wins in Q2 €bn Industry: 92 92 26  35 metro trains for Warsaw – biggest order 11 ever for Siemens in Poland Industry 29 29 Energy: 13 66  Supply of components for Ras Az Zawr power 3 plant (Saudi Arabia), order volume > $1bn 18

  5. Slide 5: Siemens' largest order ever signed – ICx high speed trains for Deutsche Bahn

    Siemens‘ largest order ever signed – ICx high speed trains for Deutsche Bahn ICx – Key facts a new generation of high-speed trains Framework order agreement:  220 trains for € 6 billion to be delivered between 2016 – 2024, thereof:  Fixed order: 130 trains for ~ € 4bn  Planned order: 90 trains fo

  6. Slide 6: Lower advance payments and billings in excess impact free cash flow development

    Lower advance payments and billings in excess impact free cash flow development Free cash flow development 1) Advance payments / Billings in Excess €m €bn Advance payments New orders & BiE €m 7,013 50 16 FY 2010 14 FCF – 40 FY 2011 12 FY 4,058 2011 30 10 8 FCF – 1,929 20 6 FY 2010 928 866 4 10 2 697

  7. Slide 7: Bookings growth to ease in 2nd half of fiscal 2011 mostly due to tougher comps

    Bookings growth to ease in 2nd half of fiscal 2011 mostly due to tougher comps Strong order intake in last 4 quarters Order intake (cont. ops) in €bn Exceptional impact of ICx order expected in Q3 20.8 20.7 +15% +13% FY 2011 +27% +33% comp comp +19% - 6% 21.6 19.2 FY 2010 17.1 16.2 Q1 Q2 Q3 Q4 Page

  8. Slide 8: Outlook 2011

    Outlook 2011  We expect organic order intake to show a significant increase compared to fiscal 2010.  Supported also by our already strong order backlog, we expect mid- single-digit organic revenue growth in fiscal 2011.  Income from continuing operations to be at least €7.5 billion. This outlook

  9. Slide 9: Expected growth momentum must be accompanied by business and financial excellence

    Expected growth momentum must be accompanied by business and financial excellence Regional GDP Development Our Opportunity 1.4 Emerging Markets Initial invest World 1.2 EFFICIENCY 1.0 Advanced Economies 1) 06 07 08 09 10 11 12 13 1) Operating Expenses Page 9 DB German & Austrian Corporate Conference

  10. Slide 10: Outperforming competition requires a well balanced strategy addressing developing and developed economies

    Outperforming competition requires a well balanced strategy addressing both the developing and developed economies … Market growth Emerging economies CAGR Focus: Achieve significant growth +3.6%  Regional presence  Local innovations ⇒ Demand creation ~€43tr ~€52tr  Know-how attraction  Export op

  11. Slide 11: … requiring continuous refinement while we go along

    … requiring continuous refinement while we go along Mobility Infrastructure competencies Bundling of & Cities Smart Grid and Smart Consumption Building Technologies Osram IPO “The Lighting Brand” Tackle new challenges Industry strategic Industry “Totally Integrated Automation” (TIA) Page 11 DB Germa

  12. Slide 12: Characteristics of the new Sector Infrastructure & Cities

    Characteristics of the new Sector "Infrastructure & Cities" Dedicated units for Infrastructure & Cities with focus on IT and Solutions, strong product business and services Integrated mobility and logistics offerings for efficient transportation of people and goods Combining Building, Distribution a

  13. Slide 13: Responsible, Excellent, Innovative

     Responsible  Excellent  Innovative A Lighthouse for more than 160 years! Page 13 DB German & Austrian Corporate Conference, May 19th, 2011 Copyright © Siemens AG 2011. All rights reserved.

  14. Slide 14: Appendix

    Appendix Page 14 DB German & Austrian Corporate Conference, May 19th, 2011 Copyright © Siemens AG 2011. All rights reserved.

  15. Slide 15: One Siemens cockpit – Performance on track

    One Siemens cockpit – Performance on track Financial target system Growth1) Margins compared to industry benchmarks Revenue growth (rolling 4 quarters Q2 FY 2011) EBITDA Margins (H1 FY 2011) Industry 13.2% 10-15% Siemens 7.6% Energy 14.8% 10-15% -0.8% Competitors1) 8.4% Healthcare 18.4% 15-20% EBITD

  16. Slide 16: Industry: Continued growth momentum and strong profit performance

    Industry: Continued growth momentum and strong profit performance Q2 Key Financials Q2 Highlights Orders Revenue Profit y-o-y1) y-o-y1) margin²)  Early cycle businesses show strong growth momentum in particular in emerging markets Industry 20% 8% 10.5% Industry Automation 20% 19% 17.5%  High capac

  17. Slide 17: Energy: Record orders fuelled by large customer wins

    Energy: Record orders fuelled by large customer wins Q2 Key Financials Q2 Highlights Orders Revenue Profit y-o-y1) y-o-y1) margin²)  Energy with best quarter ever in order intake Energy 50% 7% 36.1%3) and an excellent book-to-bill of 1.37 Fossil 42% 3% 80.7%  Fossil: Extraordinary profitability du

  18. Slide 18: Healthcare: Growth driven by emerging countries

    Healthcare: Growth driven by emerging countries Q2 Key Financials Q2 Highlights Orders Revenue Profit y-o-y1) y-o-y1) margin²)  Strong order and revenue growth in Asia and Healthcare 5% 3% 14.5% Australia with particular strength in China Diagnostics 0% 1% 9.3%  Revenue growth led by Imaging and T

  19. Slide 19: Financial calendar

    Financial calendar May May 17, 2011 EPG Conference (Florida) May 19, 2011 Deutsche Bank German and Austrian Corporate Conference (Frankfurt) May 31, 2011 French Roadshow (Paris) June June 1, 2011 Swiss Roadshow (Zurich) June 9, 2011 JP Morgan Capital Goods Conference (London) June 28 – 29, 2011 Capi

  20. Slide 20: Siemens investor relations contact data

    Siemens investor relations contact data Mariel von Drathen +49-89-636-33780 Munich Office +49-89-636-32474 Internet: http://www.siemens.com/investorrelations Email: [email protected] Fax: +49-89-636-32830 Page 20 DB German & Austrian Corporate Conference, May 19th, 2011 Copyright © Sieme

  21. Slide 21: Reconciliation and Definitions for Non-GAAP Measures (I)

    Reconciliation and Definitions for Non-GAAP Measures (I) To supplement Siemens’ Consolidated Financial Statements presented in accordance with International Financial Reporting Standards, or IFRS, Siemens presents the following supplemental financial measures:  New orders and order backlog;  Adjus

  22. Slide 22: Reconciliation and Definitions for Non-GAAP Measures (II)

    Reconciliation and Definitions for Non-GAAP Measures (II) New orders and order backlog (continued) Order backlog represents an indicator for the future revenues of our Company resulting from already recognized new orders. Order backlog is calculated by adding the new orders of the current fiscal yea

  23. Slide 23: Reconciliation and Definitions for Non-GAAP Measures (III)

    Reconciliation and Definitions for Non-GAAP Measures (III) Return on equity (after tax), or ROE (after tax) In line with common practice in the financial services industry, Financial Services, or SFS uses return on equity (after tax), or ROE (after tax), as one of its key (after tax) profitability m

  24. Slide 24: Reconciliation and Definitions for Non-GAAP Measures (IV)

    Reconciliation and Definitions for Non-GAAP Measures (IV) Free cash flow and cash conversion rate Siemens defines Free cash flow as Net cash provided by (used in) operating activities less Additions to intangible assets and property, plant and equipment. The IFRS financial measure most directly comp

  25. Slide 25: Reconciliation and Definitions for Non-GAAP Measures (V)

    Reconciliation and Definitions for Non-GAAP Measures (V) Adjusted EBITDA margins at the Sector level Siemens defines adjusted EBITDA margins on the Sector level as the ratio of adjusted EBITDA to revenue (as presented in the “Notes to Consolidated Financial Statements”). Siemens intends to maintain

  26. Slide 26: Reconciliation and Definitions for Non-GAAP Measures (VI)

    Reconciliation and Definitions for Non-GAAP Measures (VI) Limitations on the usefulness of Siemens’ supplemental financial measures The supplemental financial measures reported by Siemens may be subject to limitations as analytical tools. In particular:  With respect to new orders and order backlog

  27. Slide 27: Revenue growth - Performance against competition

    Revenue growth - Performance against competition Definition Revenue growth - Performance against competition To illustrate management’s perspective on the Company’s performance against competition, Siemens compares its own revenue growth rate with the weighted average revenue growth rate of its Sect

Siemens — 2011 Deutsche Bank German & Austrian Corporate Conference on 6ix