Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — Deutsche Bank German, Swiss & Austrian Conference 2015

22 slides from Siemens Aktiengesellschaft's conference presentation, Jun 17, 2015

  1. Slide 1: Disciplined execution of Vision 2020

    Ralf P. Thomas, CFO Disciplined execution of Vision 2020 Deutsche Bank German, Swiss & Austrian Conference Berlin, June 17, 2015 © Siemens AG 2015

  2. Slide 2: Notes and forward-looking statements

    Notes and forward forward-looking looking statements This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “exp

  3. Slide 3: Siemens Vision 2020

    Siemens Vision 2020 Value creation and cultural change Value Scale up Strengthen core Drive performance Foster ownership culture and leadership based on common values 2015 2016 2017 2018 2019 2020 Strategic Operational Accelerated growth direction consolidation Optimization and outperformance © Siem

  4. Slide 4: Siemens leverages digitalization technologies to create new business opportunities

    Siemens leverages digitalization technologies to create new business opportunities Major digitalization … leveraged along … to create attractive technologies … our entire portfolio … business opportunities Digitalization Vertical Digital software services Mobile and collaboration €2.4bn Revenue FY 2

  5. Slide 5: Executing Vision 2020

    Executing Vision 2020 Capital allocation along strategic imperatives Healthcare IT Aero-derivative Divestment to Cerner for US$1.3bn gas turbines and compressors Microbiology £785m purchase price Divestment Di t t to t Beckman B k Coulter C lt ffor 'Siemens – Vision 2020' US$ ~450m and £200m for exc

  6. Slide 6: Fixing remaining underperforming businesses is key priority – other options remain

    Fixing remaining underperforming businesses is key priority – other options remain Revenue FY 2013 in €bn ~21 ~1.9 Water ~0.9 HC IT ~1.0 ~1.8 Metals ~2.8 Extended Spectrum LV ~2.0 • Footprint optimization ~15 • Reverse integration ~0.7 Postal • Partnering and • Tight Ti ht Managing M i Baggage Handl

  7. Slide 7: Our target to reduce complexity and achieve cost reduction of ~€1bn is on track

    Our target to reduce complexity and achieve cost reduction of ~€1bn €1bn is on track Current status of functional cost reduction Target for Current status Cumulated effects of savings functional €1bn of saving potential are backed with cost reduction concrete measures €1bn €700m – • Significant savi

  8. Slide 8: Outlook Fiscal 2015 confirmed despite weakening indicators

    Outlook Fiscal 2015 confirmed despite weakening indicators Basic earnings per share (Net income) In € At least 15% • We believe that our business environment will growth be complex in fiscal 2015, among other things due to geopolitical tensions. • We expect revenue on an organic basis to 6.55 6.37 r

  9. Slide 9: Appendix

    Appendix © Siemens AG 2015 Page 9 Berlin, June 17, 2015 DB German, Swiss & Austrian Conference

  10. Slide 10: One Siemens Financial Framework – Clear targets to measure success & accountability

    One Siemens Financial Framework – Clear targets to measure success & accountability One Siemens Financial Framework Siemens Capital efficiency Capital structure Growth: (ROCE2)) (Industrial net debt/EBITDA) Siemens > most 15-20% up to 1.0x relevant competitors1) (Comparable revenue growth) Total cos

  11. Slide 11: Financial Cockpit

    Financial Cockpit Orders Revenue Profit Industrial Business (IB) Net Income in €bn +7% Comp. 0% in €bn in €bn (+16%) (nom.) (+8%) -5% +239% 20.8 17.9 16.7 18.0 1.7 1.7 3.9 10.3% 9.0% 1.2 B-t-B 1.07 1.15 Margin 9.6% Q2 14 Q2 15 Q2 14 Q2 15 Q2 FY 14 Q2 FY 15 Q2 FY 14 Q2 FY 15 EPS (“all-in”) ROCE (“all

  12. Slide 12: PG: Accelerating innovation and productivity actions; WP: Continued operational challenges

    PG: Accelerating innovation and productivity actions WP: Continued operational challenges impact margin Power and Gas (PG) Wind Power and Renewables (WP) Orders Revenue Orders Revenue €bn €bn +4%1) -6%1) -27%1)) -1%1)) 2.7 3.1 2.9 3.0 1.7 1.4 1.2 1.3 Q2 FY 14 Q2 FY 15 Q2 FY 14 Q2 FY 15 Q2 FY 14 Q2 F

  13. Slide 13: EM: Progress in execution of legacy projects; BT: Productivity push

    EM: Progress in execution of legacy projects BT: Productivity push to mitigate CHF strength Energy Management (EM) Building Technologies (BT) Orders Revenue Orders Revenue €bn €bn +2%1) +4%1) +1%1)) +1%1)) 2.8 3.1 2.5 2.8 1.3 1.5 1.3 1.4 Q2 FY 14 Q2 FY 15 Q2 FY 14 Q2 FY 15 Q2 FY 14 Q2 FY 15 Q2 FY 14

  14. Slide 14: DF: Temporarily softer and stronger outlook; PD: Commodity related weakness

    DF: Temporarily softer and stronger outlook PD: Commodity related weakness weighs on margin Digital Factory (DF) Process Industries and Drives (PD) Orders Revenue Orders Revenue €bn €bn +1%1) +2%1) -13%1) -5%1) 2.4 2.6 2.2 2.4 2.7 2.4 2.3 2.3 Q2 FY 14 Q2 FY 15 Q2 FY 14 Q2 FY 15 Q2 FY 14 Q2 FY 15 Q2

  15. Slide 15: MO: Stringent project execution; HC: Higher growth and solid margin

    MO: Stringent project execution HC: Higher growth and solid margin Mobility (MO) Healthcare (HC) Orders Revenue Orders Revenue €bn €bn +95%1) +4%1) +3%1) +2% 2%1) 3.8 2.8 3.2 2.9 3.2 1.8 1.7 1.8 Q2 FY 14 Q2 FY 15 Q2 FY 14 Q2 FY 15 Q2 FY 14 Q2 FY 15 Q2 FY 14 Q2 FY 15 Profit & Margin Profit & Margin €

  16. Slide 16: Below Industrial Business materially benefitting from disposal gains

    Below Industrial Business materially benefitting from disposal gains Below Industrial Business (Q2 FY 2015) in €m Therein: Expectations for H2 FY 2015 3.908 ~€1.6bn • SFS: H2 in line with prior year Audiology gain €0.2bn ~€0.2bn • CMPA: 1.172 38 Healthcare IT gain • B/S/H closed, no further equity i

  17. Slide 17: Clear progress in executing legacy projects – reduced project charges

    Clear progress in executing legacy projects – reduced project charges on better backlog quality Order backlog revenue recognition Progress in project execution in €bn (Industrial Business) • Implementation of “corporate memory” supports improvement in backlog quality 109 and risk mitigation g €100b

  18. Slide 18: Successful US$7.75bn transaction completed; strong balance sheet

    Successful US$7.75bn transaction completed Strong balance sheet & well balanced maturity profile B l Balanced d Maturity M t it Profile P fil 1) T Transaction ti details d t il (US$) €bn 5.0 • 1.25bn, 3 year fixed at 1.45% • 0.5bn, 3 year floating at LIBOR + 28bps • 1.0bn, 5 year fixed at 2.15% 3.7

  19. Slide 19: Oil & Gas exposure still limited - Secondary impact could be higher

    Oil & Gas exposure still limited - ”Secondary impact” could be higher Direct Oil & Gas exposure Exposure along value chain (Estimate in % of FY 2014 orders incl. Rolls-Royce pro forma) Upstream Midstream Downstream ~40% ~25% ~35% PG: <5% New Unit & Aftermarket & ~8% % PD: 2.5% S l ti Solutions S Ser

  20. Slide 20: Installed base secures recurring service revenues with robust after sales margin

    Installed base secures recurring service revenues with robust after sales margin Combined serviceable fleet ((small turbines and compressors) p ) Small/medium Aero-derivative Steam Compressors gas turbines gas turbines turbines 2,500 1,600 1 500 1,500 62 000 62,000 32 500 32,500 2,250 10,000 10,000

  21. Slide 21: Financial calendar

    Financial calendar June June 17, 2015 Deutsche Bank German, Swiss & Austrian Conference (Berlin) July July 30, 2015 Q3 E Earnings i R Release l and dAAnalyst l tC Callll August © Siemens AG 2015 Page 21 Berlin, June 17, 2015 DB German, Swiss & Austrian Conference

  22. Slide 22: Siemens Investor Relations contacts

    Siemens Investor Relations contacts Investor Relations Internet: www.siemens.com/investorrelations Email: [email protected] IR- +49 89 636 636-32474 32474 Hotline: Fax: +49 89 636-32830 © Siemens AG 2015 Page 22 Berlin, June 17, 2015 DB German, Swiss & Austrian Conference

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