Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Commerzbank German Investment Seminar 2010
19 slides from Siemens Aktiengesellschaft's conference presentation, Jan 11, 2010
Slide 1: TAP: Building on Proven Strengths
TAP: Building on Proven Strengths Joe Kaeser, CFO Commerzbank German Investment Seminar New York, January 11, 2010 Page 1 Commerzbank German Investment Seminar, January 11, 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: Strong FY09 performance
Strong FY09 performance % Change FY2008 FY2009 Actual Adjusted1) New orders (Cont. Op.) 93,495 m 78,991 m -16% -14% Sales (Cont. Op.) 77,327 m 76,651 m -1% 0% Profit Total Sectors 6,606 m 7,466 m 13% Income from Cont. Op. 1,859 m 2,457 m 32% Net income (''all-in'') 5,886 m 2,497 m -58% Free Cash Flo
Slide 4: Q4 result heavily impacted by "Below the Sector line"- items
Q4 result heavily impacted by "Below the Sector line"- items Q4 09 Equity Investments Q4 09 Corporate Items 2) €m €m Therein €216m -208 impairment on deferred tax assets -1,634 Includes -212 restructuring charges -114 -34 -328 -1,980 -100 -52 +34 -32 -700 NSN NSN at SEN at Other 1) Equity Corporate
Slide 5: 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 percentage decline in organic revenue in FY 10 due to the stabilizing effect of our strong order backlog Total Sectors pr
Slide 6: Excellent backlog going into 2010
Excellent backlog going into 2010 Strong order backlog 1) Major order wins in Q4 €bn 81 36 Industry: 13 20 subway trains to Wiener Linien, the public Industry 28 transport operator in Vienna, worth €153m 20 45 57 light rail vehicles worth €140m to San 3 Diego Metropolitan Transit System (MTS) 15 Ene
Slide 7: Lower volume and pricing assumption impact 2010 profit guidance
Lower volume and pricing assumption impact 2010 profit guidance Sector 2010 Outlook “Below the Sector-Line” €bn 7.4 6.0–6.51) -2.0 -0.8 Including: Pricing ~1.3–1.8 Equity investments -0.3 Volume SFS, SIS, SRE +0.4 Productivity CMPA -0.4 SCM +35% Corporate items -1.2 Design to cost 2.4 Pensions -0.4
Slide 8: Fully exploit opportunities in growth markets
Fully exploit opportunities in growth markets Simple, Maintenance friendly, Affordable, Reliable, Timely to market Objectives Examples Achieve top positions Industry in Emerging Markets Energy Automation for Long Rolling Chinese entry-level market leader Develop and produce products Engineering know
Slide 9: Siemens IT Solutions and Services (SIS) at a glance
Siemens IT Solutions and Services (SIS) at a glance SIS Portfolio Key data FY 2009 IT Outsourcing (~65% of revenues) Revenue (in € m) 4,686 Desktop & Server Therein Germany 1,764 Network (Data / Voice) Profit (in € m) 90 Service Desk Employees (30.09.09) 35,293 Application Management Therein Germany
Slide 10: SIS business model mostly focused on IT Outsourcing
SIS business model mostly focused on IT Outsourcing Revenues SIS Portfolio €bn Software 5.4 5.3 development 4.7 1.4 1.5 5% 1.1 Business solutions 30% 4.0 3.8 3.6 65% IT outsourcing 2007 2008 2009 External revenue Revenue with customer Siemens Profit Share of wallet at customer Siemens €m €bn 252 IT
Slide 11: Repositioning of SIS under way
Repositioning of SIS under way Characteristics of IT services business Actions being taken Requires permanent restructuring 1.Implementation of IT sector-adequate as a “core competence” environment by Carve-out incl. tailoring to business requirements Next to ongoing restructuring efforts a further
Slide 12: Short cycle businesses at bottom, long cycle businesses decelerating
Short cycle businesses at bottom, long cycle businesses decelerating Industry IA: At trough, no substantial recovery yet DT: Late cycle not at bottom yet; short cycle at trough IS: End markets challenging, far away from capacity levels Osram: Market bottomed in Q3 FY09, expect benefits from strong L
Slide 13: Financial calendar
Financial calendar January January 26, 2010 Q1 financial report and analyst conference call Annual Shareholders' Meeting 2010 (Munich) February February, 2010 Post-Q1 Roadshow – details to be determined March March 1, 2010 Morgan Stanley Global Investor Conference (China) March 26, 2010 Capital Mark
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 11, 2010 Copyright © Siemens
Slide 15: 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 16: 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 17: 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 18: 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 19: 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