Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Q1 FY2012 Earnings Presentation
19 slides from Siemens Aktiengesellschaft's earnings presentation, Jan 24, 2012
Slide 1: Q1 – Revenue growth continues in uncertain environment
Q1 – Revenue growth continues in uncertain environment Peter Löscher, President and CEO Joe Kaeser, CFO Q1 FY 12 Analyst call January 24, 2012 Page 1 Q1 FY 2012, Analyst Call, January 24, 2012 Copyright © Siemens AG 2012. 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: Q1 FY 2012 - Key takeaways
Q1 FY 2012 - Key takeaways Lower order intake due to fewer large orders in Energy and Infrastructure & Cities in an uncertain economic environment Book-to-bill well above 1 Short cycle businesses performed well Moderate revenue growth led by Energy and strength in Emerging markets Sector p
Slide 4: Q1 FY 2012 shows moderate revenue growth but with weaker profitability
Q1 FY 2012 shows moderate revenue growth but with weaker profitability Siemens (continuing operations), in €m Q1 FY 11 Q1 FY 12 Change New orders 20,837 19,809 -4%1) Revenue 17,603 17,902 3%1) Book-to-bill 1.18x 1.11x Profit Total Sectors 2,088 1,601 -23% Income (from continuing operations) 1,846 1,
Slide 5: Energy - Revenue growth continues but profitability impacted by project charges and opex increase
Energy - Revenue growth continues but profitability impacted by project charges and opex increase Key Figures Energy Main developments in Q1 in €bn in €m Order intake lower due to fewer large orders in Fossil and Transmission Orders Revenue Profit Major Orders: -11% +8% -36% • Fossil - Combined
Slide 6: Healthcare – Resilient business development, execution of Agenda 2013 on track
Healthcare – Resilient business development, execution of Agenda 2013 on track Key Figures Healthcare Main developments in Q1 in €bn in €m Moderate increase in order intake driven by regions Asia/Australia and Americas offsetting Orders Revenue Profit weakness in Europe +3% +1% -4% Successful la
Slide 7: Industry – Short cycle businesses continue to perform well, higher Opex reduce profitability
Industry – Short cycle businesses continue to perform well, higher Opex reduce profitability Key Figures Industry Main developments in Q1 in €bn in €m Short cycle businesses continue to perform well in a robust business environment Orders Revenue Profit Industry Automation -2% +5% -13% Broad b
Slide 8: Infrastructure & Cities – Rail Systems and Low and Medium Voltage substantially impact profitability
Infrastructure & Cities – Rail Systems and Low and Medium Voltage substantially impact profitability Key Figures Infrastructure & Cities Main developments in Q1 in €bn in €m Order intake decreased due to tough comps in rolling stock orders Orders Revenue Profit Major order for Rail Systems - 8 V
Slide 9: Appendix
Appendix Page 9 Q1 FY 2012, Analyst Call, January 24, 2012 Copyright © Siemens AG 2012. All rights reserved.
Slide 10: Outlook 2012
Outlook 2012 For fiscal 2012 we expect moderate organic revenue growth compared to fiscal 2011, and orders again exceeding revenues for a book-to-bill well above 1. We anticipate continued strong earnings performances in our businesses, despite ongoing pricing pressure and higher operating expen
Slide 11: One Siemens cockpit
One Siemens cockpit Financial target system Growth1) Margins compared to industry benchmarks New orders Revenue EBITDA Margins (Q1 FY12) €bn Energy 7.9% 10-15% -5% +2% 20.8 19.8 17.9 Healthcare 18.3% 15-20% 17.6 Industry 14.8% 11-17% Infrastr. & Cities 6.5% 8-12% Q1 FY11 Q1 FY12 Q1 FY11 Q1 FY12 EBIT
Slide 12: Financial calendar
Financial calendar January / January 24, 2012 February Annual General Meeting, Q1 Earnings Release and Analyst Call February 14, 2012 Capital Market Day Sector Healthcare (London) March March 13, 2012 Edison Electric Institute, International Utility Conference (London) March 26 - 30, 2012 Asia Roads
Slide 13: 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 13 Q1 FY 2012, Analyst Call, January 24, 2012 Copyright © Siemens AG 2012. All
Slide 14: 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; • Adjus
Slide 15: Reconciliation and Definitions for Non-GAAP Measures (II)
Reconciliation and Definitions for Non-GAAP Measures (II) New orders and order backlog - continued Order backlog represents an indicator for the future revenues of our Company resulting from already recognized new orders. Order backlog is calculated by adding the new orders of the current fiscal yea
Slide 16: Reconciliation and Definitions for Non-GAAP Measures (III)
Reconciliation and Definitions for Non-GAAP Measures (III) Total Sectors Profit Siemens uses Total Sectors profit to measure the sum of profit of the four Sectors Energy, Healthcare, Industry and Infrastructure & Cities. Profit of the Sectors is earnings before financing interest, certain pension co
Slide 17: Reconciliation and Definitions for Non-GAAP Measures (IV)
Reconciliation and Definitions for Non-GAAP Measures (IV) ROCE (adjusted) – continued ROCE (adjusted) at the Siemens group level on a continuing and discontinued operations basis Siemens also presents group ROCE (adjusted) on a continuing and discontinued operations basis. For this purpose, the nume
Slide 18: Reconciliation and Definitions for Non-GAAP Measures (V)
Reconciliation and Definitions for Non-GAAP Measures (V) Adjusted EBITDA, adjusted EBIT and adjusted EBITDA margins on a continuing operations basis – continued Adjusted EBITDA margins at the Sector level Siemens defines adjusted EBITDA margins at the Sector level as the ratio of adjusted EBITDA to
Slide 19: Reconciliation and Definitions for Non-GAAP Measures (VI)
Reconciliation and Definitions for Non-GAAP Measures (VI) Limitations on the usefulness of Siemens’ supplemental financial measures The supplemental financial measures reported by Siemens may be subject to limitations as analytical tools. In particular: • With respect to new orders and order backlog