Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — Q1 2018 Earnings Presentation

19 slides from Siemens Aktiengesellschaft's earnings presentation, Jan 31, 2018

  1. Slide 1: Strong order growth highlights successful first quarter

    Strong order growth highlights successful first quarter Joe Kaeser, President and CEO | Ralf P. Thomas, CFO Q1 FY 2018 Analyst Call | Munich, January 31, 2018 Unrestricted © Siemens AG siemens.com

  2. Slide 2: Notes and forward looking statements

    Notes and forward looking statements This presentation has been prepared solely for use at this meeting. This material is given in conjunction with an oral presentation and should not be taken out of context. This presentation has been prepared for information purposes only and the information conta

  3. Slide 3: Strong order growth highlights successful quarter

    Q1 FY 2018 Strong order growth highlights successful quarter  Clear organic order growth +7% stands out  Compelling book-to-bill at 1.13x  Like for like revenues up 1% despite significant decline in Power businesses  Solid IB margin at 11.0% despite significant FX headwinds and PG decline  Net

  4. Slide 4: PG: Further market contraction impacts top and bottom line; EM: Solid project execution

    PG: Further market contraction impacts top and bottom line EM: Solid project execution stands out Power and Gas (PG) Energy Management (EM) Orders Revenue Orders Revenue €bn €bn -2%1) -15%1) -1%1) +5%1) 3.3 3.1 3.9 3.2 3.0 2.8 2.8 2.8 Q1 FY 17 Q1 FY 18 Q1 FY 17 Q1 FY 18 Q1 FY 17 Q1 FY 18 Q1 FY 17 Q1

  5. Slide 5: BT: Strong performance on tough comps; MO: Impressive top-line growth

    BT: Strong performance on tough comps MO: Impressive top-line growth at industry leading margins Building Technologies (BT) Mobility (MO) Orders Revenue Orders Revenue €bn €bn +53%1) +24%1) flat1) +5%1) 2.2 3.2 2.2 1.8 1.7 1.6 1.6 1.8 Q1 FY 17 Q1 FY 18 Q1 FY 17 Q1 FY 18 Q1 FY 17 Q1 FY 18 Q1 FY 17 Q1

  6. Slide 6: DF: Digital powerhouse with further market share gains; PD: Order growth

    DF: Digital powerhouse with further market share gains PD: Order growth and margin expansion highlights in recovery Digital Factory (DF) Process Industries and Drives (PD) Orders Revenue Orders Revenue €bn €bn +17%1) +7%1) +10%1) -1%1) 2.7 3.5 2.6 3.0 2.1 2.3 2.1 2.0 Q1 FY 17 Q1 FY 18 Q1 FY 17 Q1 FY

  7. Slide 7: HC: FX headwind and mix; SGRE: Integration ongoing

    HC: FX headwind and mix weigh on good execution SGRE: Integration ongoing – right decisions taken Healthineers (HC) Siemens Gamesa Renewable Energy (SGRE) Orders Revenue Orders Revenue €bn €bn +2%1) +2%1) -24%1) -10%1) 3.5 3.4 3.3 3.2 2.9 1.4 1.4 2.1 Q1 FY 17 Q1 FY 18 Q1 FY 17 Q1 FY 18 Q1 FY 17 Q1 F

  8. Slide 8: Below IB benefits from Osram gain and U.S. tax reform

    Below IB benefits from Osram gain and U. S. tax reform Below Industrial Business – Q1 FY 2018 in €m 605 48 173 -255 2,208 -298 2,199 12 2,211 -136 -147 Therein: €655m gain €22m Osram • -€82m Pensions Attributable to disposal • -€174m Corp. Items non controlling Tax rate@6% interest €437m impact from

  9. Slide 9: Guidance FY 2018 confirmed

    Guidance FY 2018 confirmed Earnings per share Outlook in € 7.70 +9% We expect a mixed picture in our market environment in fiscal 2018, ranging from strong markets for our short-cycle businesses to unfavorable +2% dynamics in our energy generation markets, as well as geopolitical 7.20 uncertainties

  10. Slide 10: Appendix

    Appendix Unrestricted © Siemens AG 2018 Page 10 Munich, January 31, 2018 Q1 FY 2018 Analyst Call

  11. Slide 11: One Siemens Financial Framework

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

  12. Slide 12: FY 2018 – Setting direction for next strategic level

    Siemens Vision 2020 execution well advanced FY 2018 – Setting direction for next strategic level Value “Vision 2020+” Scale up • Customer and market focus • Digitalization at work Strengthen core • Innovation push • Healthcare IPO • Setting up Siemens Alstom • Successful integration of acquisitions

  13. Slide 13: Siemens Vision 2020 - Execution well underway

    Siemens Vision 2020 - Execution well underway, most targets already achieved by FY 2017 GOAL INTENT KPI Implement stringent company gover- Live lean governance and 1 nance with effective support functions drive continuous optimization €1bn cost savings by FY 2016 achieved Strengthen Sharpen our busi

  14. Slide 14: Financial cockpit – Q1 FY 2018

    Financial cockpit – Q1 FY 2018 Orders Revenue Profit Industrial Business (IB) Net Income in €bn +7% Comp. +1% in €bn in €bn +12% (+14%) (nom.) (+3%) -14% 22.5 2.6 2.2 2.2 2.0 19.7 19.2 19.8 13.4% 11.3% 1.03 1.13 Margin 13.2% 11.0% B-t-B Q1 FY 17 Q1 FY 18 Q1 FY 17 Q1 FY 18 Q1 FY 17 Q1 FY 18 Q1 FY 17

  15. Slide 15: Net debt bridge – Q1 FY 2018

    Net debt bridge – Q1 FY 2018 Q1 ΔQ4 • SFS Debt +22.5 +0.0 Adj. ind. Net Debt/ • Post emp. Benefits -9.7 -0.1 EBITDA (c/o) • Credit guarantees -0.4 +0.2 0.8x • Fair value adj. +0.4 0.0 (Q4 FY17: 0.9x) (hedge accounting) Operating Activities -22.6 -20.8 -7.9 therein: therein a.o.: • Δ Inventories -0.6

  16. Slide 16: Provisions increased slightly, mainly due to decrease in discount rate

    Provisions increased slightly, mainly due to decrease in discount rate assumptions, almost compensated by strong return on plan assets Q1 FY 2018 Key financials – Pensions and similar obligations Q1 in €bn1) FY 2015 FY 2016 FY 2017 FY 2018 Defined benefit obligation (DBO)2) (36.8) (42.2) (36.9) (36.

  17. Slide 17: Q1 FY18 Profit Bridge from SGRE disclosure to SAG Profit disclosure

    Q1 FY18 Profit Bridge from SGRE disclosure to SAG Profit disclosure Explanation of different profit definitions at SGRE and SAG to be considered in models Q1 FY18 Profit Bridge (in €m) SGRE disclosure (as of Jan 30, 2018) SAG disclosure (as of Jan 31, 2018) Revenue Revenue Revenue Revenue 2,127 2,12

  18. Slide 18: Financial calendar

    Financial calendar January 31, 2018 January Annual General Meeting + Q1 Analyst call (Munich, Germany) February 21, 2018 Roadshow UK (Edinburgh) February February 22, 2018 Roadshow Switzerland (Zurich) March 21/22, 2018 March Bank of America Merrill Lynch Conference (London) Unrestricted © Siemens A

  19. Slide 19: Investor Relations contacts

    Investor Relations contacts Investor Relations Internet: www.siemens.com/investorrelations Email: [email protected] IR-Hotline: +49 89 636-32474 Fax: +49 89 636-1332474 Unrestricted © Siemens AG 2018 Page 19 Munich, January 31, 2018 Q1 FY 2018 Analyst Call

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