Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — Q1 FY2015 Earnings Presentation

17 slides from Siemens Aktiengesellschaft's earnings presentation, Jan 27, 2015

  1. Slide 1: Q1 – Overall performance as expected

    Joe Kaeser, President and CEO Ralf P. Thomas, CFO Q1 – Overall performance as expected Q1 FY 2015, Analyst Call Munich, January 27, 2015 © Siemens AG 2015

  2. Slide 2: Notes and forward-looking statements

    Notes and forward-looking forward looking statements This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “exp

  3. Slide 3: Key developments

    Key developments • Continued C ti d volatile l til economic i and d market k t environment i t • Orders below prior year (-13%) due to tough comps in large orders • Moderate M d t organic i revenue growth th (+3%) driven di b by M Mobility, bilit WiWind dPPower and d Digital Factory g with 10.2% wit

  4. Slide 4: PG: Margin decline as expected; WP: Focus on execution

    PG: Margin decline as expected, actions in place WP: Focus on execution to strengthen profitability Power and Gas (PG) Wind Power and Renewables (WP) Orders Revenue Orders Revenue €bn €bn +6%1) -3%1) -44%1)) +8%1) 3.5 3.7 2.9 2.9 2.3 1.3 1.3 1.5 Q1 FY 14 Q1 FY 15 Q1 FY 14 Q1 FY 15 Q1 FY 14 Q1 FY 15

  5. Slide 5: EM: Gradual profitability improvement; BT: Solid start

    EM: Gradual profitability improvement BT: Solid start, start CHF appreciation as short short-term term impact Energy Management (EM) Building Technologies (BT) Orders Revenue Orders Revenue €bn €bn +17%1) +3%1) +3%1)) +0%1)) 2.6 3.1 2.5 2.7 1.3 1.4 1.3 1.4 Q1 FY 14 Q1 FY 15 Q1 FY 14 Q1 FY 15 Q1 FY 1

  6. Slide 6: DF: Broad based growth drives margin; PD: Higher opex

    DF: Broad based growth drives margin PD: Higher investment in opex weigh on margin Digital Factory (DF) Process Industries and Drives (PD) Orders Revenue Orders Revenue €bn €bn +2%1) +8%1) -8%1) +3%1) 2.3 2.4 2.2 2.4 2.5 2.3 2.2 2.3 Q1 FY 14 Q1 FY 15 Q1 FY 14 Q1 FY 15 Q1 FY 14 Q1 FY 15 Q1 FY 14 Q1 F

  7. Slide 7: MO: Positive mix drives margin; HC: Unfavourable mix

    MO: Positive mix effects drive margin expansion HC: Unfavourable mix with negative margin impact Mobility (MO) Healthcare (HC) Orders Revenue Orders Revenue €bn €bn -64%1) +15% 5%1) +2%1) +2%1) 3.4 2.8 3.0 2.7 2.9 1.3 1.6 1.9 Q1 FY 14 Q1 FY 15 Q1 FY 14 Q1 FY 15 Q1 FY 14 Q1 FY 15 Q1 FY 14 Q1 FY 15 Pr

  8. Slide 8: Below Industrial Business negatively impacted by interest rates

    Below Industrial Business negatively impacted by unfavourable interest rate development Below Industrial Business (Q1 FY 2015) in €m Key topics 146 -69 67 1,819 -156 • CMPA: -131 • Q1: Missing g BSH equity q y income and impact p -117 from revaluation of Hanau obligation due to lower interest rates

  9. Slide 9: Outlook Fiscal 2015

    Outlook Fiscal 2015 Basic earnings per share (Net income) In € At least 15% • We believe that our business environment will growth be complex in fiscal 2015, among other things due to geopolitical tensions. • We expect revenue on an organic basis to 6.55 6.37 remain flat year-over-year, and orders t

  10. Slide 10: Thank you for your attention – Questions and Answers

    Questions and Answers Thank y you for y your attention – your questions, please! © Siemens AG 2015 Page 10 Munich, January 27, 2015 Q1 FY 2015, Analyst Call

  11. Slide 11: Appendix

    Appendix © Siemens AG 2015 Page 11 Munich, January 27, 2015 Q1 FY 2015, Analyst Call

  12. Slide 12: Financial Cockpit

    Financial Cockpit Orders Revenue Profit Industrial Business (IB) Net Income in €bn -13% Comp. +3% in €bn in €bn (-11%) (nom.) (+5%) -4% -25% 20.1 18.0 16.6 17.4 1.9 1.8 1.5 11 1.1 B-t-B 1.22 1.03 Margin 11.3% 10.2% Q1 14 Q1 15 Q1 14 Q1 15 Q1 FY 14 Q1 FY 15 Q1 FY 14 Q1 FY 15 EPS (“all-in”) ROCE (“all

  13. Slide 13: Net Debt Bridge as of Q1 FY 2015

    Net Debt Bridge as of Q1 FY 2015 €bn Q1 ∆Q4 • SFS Debt +19.3 +0.6 • Post emp emp. Benefits -10.6 10 6 -1.3 13 Operating Activities • Credit guarantees -0.8 - 0.1 Adj. ind. Net Debt/ • Hybrid adjustments +0.9 -0.0 EBITDA therein: 0.6x • Fair value adj. +1.1 - 0.0 • ∆ Inventories net of advance paymen

  14. Slide 14: SFS Key Figures Q1 FY15

    SFS Key Figures Q1 FY15 Key Financial Data SFS • Assets €22.7bn • Profit before Tax €146m • Return on Equity after tax 20.5% • Operating O ti andd Investing I ti Cash C h Flow Fl - €178m €178 Assets Liabilities and Equity €bn €bn 1.4 0.2 22.7 22.7 2.2 0.9 20.3 19.3 1.3 Leases & Equity Other Assets C

  15. Slide 15: Underfunding for Siemens' pension plans increased to €-9.6bn

    Underfunding for Siemens’ pension plans increased to € -9.6 9 6 bn in Q1 Deficit for Siemens pension plans increased in Q1, mainly due to decreased discount rate assumptions. Q1 in €bn1) FY 2012 FY 2013 FY 2014 FY 2015 Defined benefit obligation (DBO) on pension benefit plans -33.0 -32.6 -35.0 -36.8

  16. Slide 16: Financial calendar

    Financial calendar January January 27, 2015 Q1 Earnings Release; Annual General Meeting February y March March 11, 2015 Citi West Coast Symposium (San Francisco) March 19, 2015 y Bank of America Merrill Lynch Conference ((London)) © Siemens AG 2015 Page 16 Munich, January 27, 2015 Q1 FY 2015, Analys

  17. Slide 17: Siemens Investor Relations contacts

    Siemens Investor Relations contacts Investor Relations Internet: www.siemens.com/investorrelations Email: [email protected] IR- +49 89 636 636-32474 32474 Hotline: Fax: +49 89 636-32830 © Siemens AG 2015 Page 17 Munich, January 27, 2015 Q1 FY 2015, Analyst Call

Siemens — Q1 FY2015 Earnings Presentation on 6ix