Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Commerzbank German Investment Seminar 2013
15 slides from Siemens Aktiengesellschaft's conference presentation, Jan 14, 2013
Slide 1: Siemens 2014 – Executing on One Siemens Framework
Siemens 2014 – Executing on One Siemens Framework Joe Kaeser, CFO Commerzbank German Investment Seminar January 14, 2013 Page 1 Commerzbank German Investment Seminar, January 14, 2013 Copyright © Siemens AG 2013. All rights reserved.
Slide 2: Safe Harbour Statement
Safe Harbour Statement This document includes supplemental financial measures that are or may be non-GAAP financial measures. New orders and order backlog; adjusted or organic growth rates of revenue and new orders; book-to-bill ratio; Total Sectors profit; return on equity (after tax), or ROE (afte
Slide 3: Siemens at a glance - A company well structured
Siemens at a glance - A company well structured Financials FY 2012 Rev: €27.5bn Rev: €13.6bn Rev: €20.5bn Rev: €17.6bn Profit: €2.2bn Profit: €1.8bn Profit: €2.5bn Profit: €1.1bn Infrastruc- Energy Healthcare Industry ture & Cities Fossil Power Generation Imaging & Therapy Industry Automation Rail S
Slide 4: One Siemens is framework for performance
One Siemens is framework for performance One Siemens The integrated technology company Financial target system Outperforming Capital efficiency Capital structure revenue growth Adjusted industrial net ROCE (cont. ops.)1) Growth (nominal) > debt / EBITDA Siemens most relevant competitors 15 – 20% 0.5
Slide 5: Why to buy Siemens?
Why to buy Siemens? Demographic Climate change Urbanization Globalization change Attractive markets driven by megatrends Siemens is strong in markets with secular growth dynamics (examples) Energy Infrastructure & Cities Industry Healthcare Efficient power Lasting energy savings by Integration of th
Slide 6: Siemens is delivering attractive shareholder returns and increases payout ratio targets
Siemens is delivering attractive shareholder returns and increases “payout ratio” targets to 40 – 60% Attractive dividend Favorable equity to debt swap in € Reduction of capital stock to 881m shares +88% Share buyback with total volume of ~€2.9bn 3.00 3.00 2.70 equaling 38m shares Bond issuance of ~
Slide 7: One Siemens cockpit reveals areas of improvement
One Siemens cockpit reveals areas of improvement Siemens 2014 is the enabling program Capital efficiency Margins compared to industry benchmarks ROCE adjusted (continuing operations) EBITDA Margins 25.3% Areva 14.8% 17.0% 15-20% 13.6% Energy 15.1% 10-15% 21.9%1) 9.3% 20.1% FY 2010 FY 2011 FY 2012 He
Slide 8: Siemens 2014 program boosts Total Sectors profit margin to at least 12% by 2014
Siemens 2014 program boosts Total Sectors profit margin to at least 12% by 2014 and all Sectors into EBITDA margin corridor 15% Total Sector Profit (as reported) Energy 9.3% 10% Total Sector FY 12 Target FY 14 Profit Margin ≥ 12% Healthcare 18.5% 20% 9.5% 15% FY 12 Target FY 14 Total Sector 7,543 14
Slide 9: Cost / productivity improvement of ~€6bn is required by 2014
Based on our business assumptions cost / productivity improvement of ~€6bn is required by 2014 Total Sector Profit Margin (% revenue) ≥ 12.0% +250bps Modest 9.5% growth 2.5 – 3% p.a. pricing pressure US: Natural resources create mid-term opportunities Europe: Ongoing challenges China: Bottoming out,
Slide 10: Strengthen core activities – Focusing the portfolio
2 Strengthen core activities – Focusing the portfolio is key to defeat complexity and setbacks Acquisitions Planned Disposals Solar Energy Changing economic and market conditions, no fit of business model Revenue: €206m; Profit: -€241m Healthcare LMS Internat. (EV: €680m) Water Treatment Expansion o
Slide 11: Fiscal 2013 is a transition year
Fiscal 2013 is a transition year – drive transformation and stringent execution FY 2012 Assumptions for FY 2013 In € bn Orders 76.9 Moderate growth Revenue 78.3 Approaching the level of FY 2012 Income from Range of €4.5 – 5.0bn 5.21) cont. ops. (incl. IAS 19R adoption and €1.0bn for transformation c
Slide 12: Appendix
Appendix Page 12 Commerzbank German Investment Seminar, January 14, 2013 Copyright © Siemens AG 2013. All rights reserved.
Slide 13: Financial calendar
Financial calendar January January 14, 2013 Commerzbank Conference (New York) January 23, 2013 Annual General Meeting, Q1 Earnings Release and Analyst Call February February 12, 2013 Q1 Roadshow (France) March / March 20, 2013 April Bank of America Merrill Lynch Conference (London) April 11, 2013 Ca
Slide 14: 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 14 Commerzbank German Investment Seminar, January 14, 2013 Copyright © Siemens
Slide 15: Reconciliation and Definitions for Non-GAAP Measures
Reconciliation and Definitions for Non-GAAP Measures This document includes supplemental financial measures that are or may be non-GAAP financial measures. New orders and order backlog; adjusted or organic growth rates of revenue and new orders; book-to-bill ratio; Total Sectors profit; return on eq