Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Q1 FY2010 Earnings Presentation
15 slides from Siemens Aktiengesellschaft's earnings presentation, Jan 26, 2010
Slide 1: Outstanding Q1 Performance in Challenging Markets
Outstanding Q1 Performance in Challenging Markets Peter Löscher, President and CEO Joe Kaeser, CFO Q1 FY 2010, Analyst Call January 26, 2010 Page 1 Q1 FY 2010, Analyst Call, January 26, 2010 Copyright © Siemens AG 2010. All rights reserved.
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",
Slide 3: Outstanding Q1 performance in challenging markets
Outstanding Q1 performance in challenging markets Key takeaways Orders down by -11 % comparable y-o-y and slightly up q-o-q Mild revenue decline of -8% comparable y-o-y stabilized by a robust backlog Strong Total Sector Profit based on temporary restocking, favorable mix and strong execution Positiv
Slide 4: Better profit performance despite lower revenue
Better profit performance despite lower revenue Siemens (Continuing operations), in €m Q1 09 Q1 10 Change in % New orders 1) 22,220 18,976 (11) Revenue 1) 19,634 17,352 (8) Book-to-bill 1.13x 1.09x Profit Total Sectors 2,032 2,255 11 Net income 2) 1,230 1,531 24 Basic earnings per share 2), in € 1,4
Slide 5: Healthy profitability in a difficult business environment
Healthy profitability in a difficult business environment Q1 FY10 Order growth y-o-y1) Q1 FY10 Order Revenue Profit y-o-y1) y-o-y1) margin²) Europe/C.I.S./Africa/ME -17% Siemens - 11% - 8% (therein Germany) -26% Industry - 14% - 11% 11.3% Industry Automation -9% -10% 16.8% Americas 0% (therein USA)
Slide 6: Low leverage providing confidence and flexibility in volatile financial markets
Low leverage providing confidence and flexibility in volatile financial markets €bn Adj. ind. Adj. ind. ND/EBITDA 1) ND/EBITDA 2) 0.31x 0.28x -2.9 -3.0 Pension deficit -4.2 6.4 5.5 OPEB -0.7 Credit guarantees -0.3 Hybrid adj.3) 0.9 SFS Debt 9.1 Fair value adj bonds4) 0.8 0.1 1.1 -0.5 -8.6 -9.3 Adj.
Slide 7: What we expect for 2010
What we expect for 2010 Conditions in manufacturing sector and world financial markets remain challenging After a double-digit order decline in FY 09 we expect a mid-single-digit ea se el percentage decline in organic revenue gsr ni n in FY 10 due to the stabilizing effect of ea r our strong order b
Slide 8: Consistent execution against plan
Consistent execution against plan Reporting dates Milestones (deliverables) January 2008 New target margins for Energy and Industry Sector Q1 call and AGM Target margins for Divisions April 2008 Update on SG&A project Q2 analyst conference Start reporting in new structure July 2008 Outline new manag
Slide 9: Financial calendar
Financial calendar January January 26, 2010 Q1 financial report and analyst conference call Annual Shareholders' Meeting 2010 (Munich) February February 8 – 15, 2010 Roadshow (New York, Boston, Frankfurt, London) March March 1, 2010 Morgan Stanley Global Investor Conference (Shanghai) March 18, 2010
Slide 10: 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 10 Q1 FY 2010, Analyst Call, January 26, 2010 Copyright © Siemens AG 2010. All
Slide 11: 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 Adjusted o
Slide 12: Reconciliation and Definitions for Non-GAAP Measures (II)
Reconciliation and Definitions for Non-GAAP Measures (II) New orders and order backlog (continued) New orders are generally recognized immediately when the relevant contract becomes legally effective and binding. The only exception are orders with short overall contract terms. In this case, a separa
Slide 13: Reconciliation and Definitions for Non-GAAP Measures (III)
Reconciliation and Definitions for Non-GAAP Measures (III) Return on equity, or ROE In line with common practice in the financial services industry, Siemens Financial Services (SFS) uses return on equity, or ROE, as one of its key profitability measures. Siemens defines ROE as annualized Income befo
Slide 14: Reconciliation and Definitions for Non-GAAP Measures (IV)
Reconciliation and Definitions for Non-GAAP Measures (IV) EBITDA (adjusted) and EBIT (adjusted) Siemens defines EBITDA (adjusted) as EBIT (adjusted) before amortization (which in turn is defined as Amortization and impairments of intangible assets other than goodwill) and Depreciation and impairment
Slide 15: Reconciliation and Definitions for Non-GAAP Measures (V)
Reconciliation and Definitions for Non-GAAP Measures (V) Limitations Associated with Siemens’ Supplemental Financial Measures The supplemental financial measures reported by Siemens may be subject to limitations as analytical tools. In particular: With respect to adjusted or organic growth rates of