Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — JP Morgan Capital Goods Conference 2011
23 slides from Siemens Aktiengesellschaft's conference presentation, Jun 9, 2011
Slide 1: Outstanding broad-based growth
Outstanding broad-based growth Peter Löscher, President and CEO JP Morgan Conference Pennyhill Park June 9th, 2011 Page 1 JP Morgan Conference 2011 Copyright © Siemens AG 2011. 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: 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
Slide 4: After a successful order growth in Q2, new level of comparisons need to be considered
After a successful order growth in Q2, new level of comparisons need to be considered 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 Q
Slide 5: In Q3 jump in orders due to ICx contract with Deutsche Bahn
In Q3 jump in orders due to ICx contract with Deutsche Bahn – fundamentals stay intact ICx – Key facts a new generation of high-speed trains Framework order agreement: 220 trains for € 6 bn to be delivered between 2016 – 2024, thereof: Fixed order: 130 trains for ~ € 4bn Planned order: 90 trai
Slide 6: Continuous refinement while we go along
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 6 JP Morgan Conference
Slide 7: 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 32% of GDP volume and growth Emerging economies business CAGR Focus: Achieve significant growth Build up of reliable energy infrastructure +3.8% Automation of labor intensive ~€48tr
Slide 8: Cities offer major market potential for new Sector Infrastructure and Cities
Cities offer major market potential for new Sector Infrastructure and Cities Public infrastructure investments in An "Urban Millennium" has started cities Addressable Market (in €bn) Until 2030 the worldwide CAGR population in cities will +5% FY 10-15 103 increase from 3.5bn to 4.7bn Population
Slide 9: Intermodal traffic management: Innovative technologies and integrated mobility concepts in London
Intermodal traffic management: Innovative techno- logies and integrated mobility concepts in London Siemens input 1,200 regional trains + Heathrow Express to optimize connection with city Satellite-based bus tracking with real time passenger info City congestion charging system and enforcement of lo
Slide 10: Healthcare is innovation leader – however some challenges
Healthcare is innovation leader – however some challenges Imaging Diagnostics World class Razor / razor blade innovation leader business model Global market Market leading position leadership Integration of system Profitability benchmark platforms from three major acquisitions Particle T
Slide 11: World leading base load option with gas
World leading base load option with gas World-record efficiency of new H class turbine proved World-record efficiency of 60.75% (net) of the new H class proven at German customer plant in operation with an output of more than 578 MW H class reacts quickly to changing demand in output: >500 MW on
Slide 12: Being in the champions league of innovation enables us to set up a first class R&D partner network
Being in the champions league of innovation enables us to set up a first class R&D partner network “Co-creation” with worldwide university R&D expenses & partner network in €bn +14% 1.831 1.605 5.0% of 5.2% of revenue revenue H1 H1 Champions FY2010 FY2011 league of Patent applications innovation Eur
Slide 13: Our Commitment: Execution on "One Siemens"
Our Commitment: Execution on "One Siemens" Page 13 JP Morgan Conference 2011 Copyright © Siemens AG 2011. All rights reserved.
Slide 14: Financial calendar
Financial calendar June June 9, 2011 JP Morgan Capital Goods Conference (London) June 28 – 29, 2011 Capital Markets Day – Emerging Markets (Shanghai) July July 28, 2011 Q3 financial report and analyst conference call Page 14 JP Morgan Conference 2011 Copyright © Siemens AG 2011. All rights reserved.
Slide 15: 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 15 JP Morgan Conference 2011 Copyright © Siemens AG 2011. All rights reserved.
Slide 16: Appendix
Appendix Page 16 JP Morgan Conference 2011 Copyright © Siemens AG 2011. All rights reserved.
Slide 17: 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
Slide 18: 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
Slide 19: 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
Slide 20: 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
Slide 21: 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
Slide 22: 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
Slide 23: 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