Siemens Energy AG · XETR:ENR
Siemens Energy — Q1 FY2023 Earnings Presentation
17 slides from Siemens Energy's earnings presentation, Feb 7, 2023
Slide 1: Strong underlying performance notwithstanding charges at SGRE – outlook for FY2023 adjusted
Strong underlying performance notwithstanding charges at SGRE – outlook for FY2023 adjusted Press call Q1, fiscal year 2023 Munich, February 7, 2023 Christian Bruch, President and CEO Siemens Energy AG Maria Ferraro, Chief Financial Officer Siemens Energy AG Siemens Energy is a trademark licensed by
Slide 2: Information and forward-looking statements
Information and forward-looking statements This document contains statements related to our future business and financial Siemens Energy neither intends, nor assumes any obligation, to update or revise performance, and future events or developments involving Siemens Energy that these forward-looking
Slide 3: Christian Bruch
Christian Bruch President and CEO Siemens Energy AG February 7, 2023 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2023 | Q1 Press Call 2023 3
Slide 4: Siemens Energy
Siemens Energy Strong order and revenue growth; demand for Gas Services, Grid Technologies and Transformation of Industry business areas is robust Underlying profit improvement more than offset by charges at SGRE Adjusted guidance for FY 2023 due to charges at SGRE: Profit margin before special item
Slide 5: Siemens Gamesa
Siemens Gamesa Higher failure rates for legacy systems due to specific components; additional charges of €472 million Implementation of Mistral strategy program proceeding according to plan; onshore stabilization on track Delisting on schedule; preparations for integration underway February 7, 2023
Slide 6: Driving the energy transition
Driving the energy transition Power generation with low Transport and Reducing greenhouse gas or zero emissions storage of energy emissions & energy consumption in industrial processes © BMWK © Suzano Memorandum of Understanding with Large order for 2-Gigawatt Production starts at Chile for Iraq to
Slide 7: Maria Ferraro
Maria Ferraro CFO Siemens Energy AG February 7, 2023 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2023 | Q1 Press Call 2023 7
Slide 8: Delisting of SGRE
Voluntary Cash Tender Offer for SGRE January 25, 2023 SGRE delisting approved by EGM February 3, 2023 SGRE delisting approved by Spanish CNMV February 7, 2023 SGRE shares cease trading Soon Delisting of SGRE February 7, 2023 © Siemens Energy, 2023 | Q1 Press Call 2023 8
Slide 9: Strong order and revenue growth
Siemens Energy Group in Q1 FY231 Strong order and revenue growth Orders Revenue Profit before Special Items in €bn in €bn in €m Service New Units +49% / +53%2 +16% / +19%2 (1.2)% (4.0)% 12.7 7.1 n/a 6.0 2.64 8.3 2.24 (69) (282) 3.84 4.54 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Order backlog3
Slide 10: Healthy and resilient order backlog
Siemens Energy Group Healthy and resilient order backlog Expected revenue generation from backlog (€ bn) 991 22 6 16 21 • Healthy order backlog is a source of strength and resilience 5 54 • Increase across all businesses over the last 12 months 16 55 • Large majority of FY23 revenue already secured
Slide 11: Gas Services: Strong improvement in orders, revenue and profit
Gas Services in Q1 FY231 Strong improvement in orders, revenue and profit Orders Revenue Profit before Special Items in €bn in €bn in €m +22% / +27%2 8.5% 12.4% +22% / +26%2 3.8 +84% 3.0 2.6 2.0 318 173 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 • Substantial order growth driven by • Substantia
Slide 12: Grid Technologies: Outstanding orders and margin rebound
Grid Technologies in Q1 FY231 Outstanding orders and margin rebound Orders Revenue Profit before Special Items in €bn in €bn in €m +225% / +230%2 3.8% 6.9% +19% / +20%2 6.3 +120% 1.6 1.3 110 1.9 50 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 • Outstanding order development • Significant increase
Slide 13: Transformation of Industry: Strong margin progression across all businesses
Transformation of Industry in Q1 FY231 Strong margin progression across all businesses Orders Revenue Profit before SI in €bn in €bn in €m (17)% / (14)%1 (2.7)% 5.7% +14% / +17%1 n/a 1.4 1.2 57 1.0 0.8 (23) Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 • Decrease due to strong prior year • Double-
Slide 14: Financial Outlook adjusted
Financial Outlook adjusted Fiscal Year 2023 Outlook FY231 Revenue Profit3 Margin We expect a net loss on Growth2 before SI prior fiscal year’s reported level. (prev. sharp reduction compared to FY22) Siemens Energy 3 – 7% 1 – 3% We expect free cash flow pre-tax (prev. 2 – 4%) to be positive. (prev.
Slide 15: Our priorities for fiscal year 2023
Our priorities for fiscal year 2023 Seize market opportunities Rigorously achieve financial targets Establish new operating model and provide customers with the best possible support for the energy transition Achieve turnaround at SGRE February 7, 2023 © Siemens Energy, 2023 | Q1 Press Call 2023 15
Slide 16: Questions & Answers
Questions & Answers Christian Bruch and Maria Ferraro February 7, 2023 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2023 | Q1 Press Call 2023 16
Slide 17: Financial calendar 2023
Financial calendar 2023 February 7 | Q1 May 15 | Q2 August 7 | Q3 November 15 | Q4 Annual General Meeting Annual Press Conference Contact Press Tim Proll-Gerwe Oliver Sachgau Head of Media Relations Press Spokesperson Finances Mobile: +49 152 2283 5652 Mobile: +49 173 2729 231 tim.proll-gerwe@siemen