Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Investor Day (July 2008)
15 slides from Siemens Aktiengesellschaft's investor day presentation, Jul 1, 2008
Slide 1: Siemens Energy: Renewable Energy Division
Siemens Energy: Renewable Energy Division Dr. René Umlauft, CEO Renewable Energy Division Capital Market Days “Energy” Munich, July 1, 2008 Copyright © Siemens AG 2008. 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: Exceptional growth in renewable energy markets
Exceptional growth in renewable energy markets Total Growth market 97 drivers CAGR 2 € bn 7 +14% Rapid growth of global 15 energy demand 65 Geothermal 3 7 24 Hydro Biomass 11 Price increase in oil & gas Solar 14 49 Wind 30 CO2 reduction targets 2007 2010 Substantial growth opportunities for Siemens
Slide 4: Strong performance with solid results
Strong performance with solid results Strong performance: Solid results: Sales Profit margin € bn in % 1.4 0.9 9.8% 10.4% 0.8 4.9% 0.3 2.2% 2005 2006 2007 1. HY 2008 2005 2006 2007 1. HY 2008 Page 4 July 2008 Capital Market Days “Energy” Copyright © Siemens AG 2008. All rights reserved.
Slide 5: Off-shore and mid wind drive our future growth
Off-shore and mid wind drive our future growth Wind Markets market and position 49 CAGR € bn CAGR 07-12 +10% CAGR +18% #6 30 Europe Off-shore High wind CAGR +11% #3 CAGR +20% Mid wind Americas <# 8 CAGR +76% Low wind #1 Asia- Pacific 2007 2010 Off-shore Page 5 July 2008 Capital Market Days “Energy”
Slide 6: Off-shore potential is unlimited
Off-shore potential is unlimited Gotenburg Excluding Frederikshaven floating turbine Bockstigen Aalborg Kalmar potential Utgrunden Yttre Stengrund Aarhus Tuno Knob Middelgrunden Lillegrund Newcastle Blyth Copenhagen Horns Rev 2 Horns Rev Samso Solway Firth Vineby Nysted Borrow Kiel Burbo Banks Hull
Slide 7: Off-shore early mover advantage
Off-shore early mover advantage World's 1st World's 1st World's largest World's largest World's 1st off-shore off-shore wind farm off-shore wind off-shore wind farm floating off-shore wind farm w/ large turbines farm ever contracted installation 1991 2000 2003 2009-10 2009 Source: StatoilHydro Vinde
Slide 8: Customers confirm our off-shore expertise
Customers confirm our off-shore expertise Project: Greater Gabbard (UK) Location: UK East Coast World's largest off-shore wind farm ~504 MW capacity 140 turbines 5 year service contract Grid connection by Siemens Power Transmission Total contract value: € 800m Page 8 July 2008 Capital
Slide 9: Mid wind market drives our onshore growth
Mid wind market drives our onshore growth High wind #3 market position Mid wind #6 market position Continued growth in Strong growth in high wind segment mid wind market High wind market Outperform mid wind moving towards maturity market growth Target: Leverage of high wind products and expertise Gl
Slide 10: Service business to leverage installed base
Service business to leverage installed base Service Highlights: Installed base of 7,031 on-/off-shore turbines Installed base grows by ~ 3 turbines / day Predictive maintenance: > 6 years of experience in 24/7 turbine condition monitoring Outlook: Increase volume in on-/off-shore service Set-up of d
Slide 11: Turning growth into performance
Turning growth into performance 100% on time delivery Manage +50% production capacity increase in 2007-08 the growth +25% headcount ramp-up per year 80% of sourcing volume covered by supplier partnerships > € 250m effect of cost-out programs in 2011 Reduce -35% cycle time for hubs based on serial pr
Slide 12: Strong growth with solid results
Strong growth with solid results Exceptional growth in Revenue Growth: renewable markets > 10x GDP #1 in off-shore wind power Profit Margin Range: Target: #3 market position in overall wind market by 2012 12-16% +140% order entry Q2 07 vs. Q2 08 3 3 4.9% 9.8% FY Cost reduction driven by 2006 2007 20
Slide 13: Reconciliation and Definitions for Non-GAAP Measures (I)
Reconciliation and Definitions for Non-GAAP Measures (I) Profit Total Sectors is defined as the sum of the profits of each of the three new Sectors that Siemens uses for purposes of reporting IFRS segment results commencing with the third quarter of fiscal 2007. For a reconciliation of Profit Total
Slide 14: Reconciliation and Definitions for Non-GAAP Measures (II)
Reconciliation and Definitions for Non-GAAP Measures (II) Average calculation for CE*: Year-to-Date Q1 2 Point average: (CE ending Q4 Prior year + CE ending Q1) / 2 Q2 3 Point average: (CE ending Q4 Prior year + CE ending Q1 + CE ending Q2) / 3 Q3 4 Point average: (CE ending Q4 Prior year + CE endin
Slide 15: Siemens Investor Relations Team
Siemens Investor Relations Team Michael Sen +49-89-636-33780 Gerald Brady +1-408-492-4439 Florian Flossmann +49-89-636-34095 Sabine Groß +49-89-636-35755 Dr. Martin Meyer +49-89-636-33693 Christof Schwab +49-89-636-32677 Dr. Gerd Venzl +49-89-636-44144 Webpage: http://www.siemens.com/investorrelatio