Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — Goldman Sachs/Berenberg German Corporate Conference 2012

20 slides from Siemens Aktiengesellschaft's conference presentation, Sep 24, 2012

  1. Slide 1: Executing on One Siemens framework

    Executing on One Siemens framework Joe Kaeser, CFO German Corporate Conference 2012 Munich September 24, 2012 Copyright © Siemens AG 2012. All rights reserved.

  2. 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

  3. Slide 3: Long term market drivers for Siemens businesses are attractive

    Long term market drivers for Siemens businesses are attractive €25bn €13bn €20bn €17bn Infrastruc- Energy Healthcare Industry €3.9bn ture & Cities €1.1bn €1.3bn €2.8bn Fossil Power Generation Imaging & Therapy Industry Automation Rail Systems Wind Power Clinical Products Drive Technologies Mobility

  4. Slide 4: Developed markets offer growth opportunities despite GDP saturation and debt challenges

    Developed markets offer growth opportunities despite GDP saturation and debt challenges Balanced regional distribution Emerging economies GDP 20111) Siemens revenue 2011 Focus: Achieve significant growth €54tr €73.5bn  Reliable energy infrastructure Other emerging and Emerging 10% developing 14% Ma

  5. Slide 5: After successful transformation new strategic direction is focused on capital efficient growth

    After successful transformation new strategic direction is focused on “capital efficient growth” Basic restructuring and Transformation Sustainable value creation focusing efforts Fit42010 Fit4More One Siemens Operation 2003  Outperform revenue 10 Point Program growth relative to 74.2 72.5 76.0 com

  6. Slide 6: One Siemens – Framework for sustainable value creation

    One Siemens – Framework for sustainable value creation 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 competitor

  7. Slide 7: One Siemens goals remain in place; execution needs better focus

    One Siemens goals remain in place Execution needs better focus One Siemens - Financial Operating model after Q3 FY 2012 Nominal growth Margins compared to industry benchmarks New orders Revenue EBITDA Margins (YTD FY12) €bn -14% (-16%)1) 7% Energy 9.8% 10-15% (+4%)1) 64.4 Healthcare 17.7% 15-20% 55.

  8. Slide 8: Continuity and reliability in dividend policy

    Continuity and reliability in dividend policy Siemens has an increased …and has a reliable track record focus on dividend … Dividend  Continuous dividend payments in € since 1951 3.00  Dividend continuity through Dividend per share economic cycles CAGR since 2001 Catch Up  Since FY2010 committed

  9. Slide 9: Active implementation of One Siemens capital structure target through equity to debt swap

    Active implementation of One Siemens capital structure target through equity to debt swap Optimize capital structure … … via returns to shareholders Adj. industrial net debt / EBITDA Buy back shares up to €3bn in 2012 1) 0.5 – 1.0x 0.8x  Financed mainly by long-term 0.3x 0.5x debt in favourable bon

  10. Slide 10: Lack of growth conversion and increasing macro economic risks call for change in approach

    Lack of growth conversion and increasing macro economic risks call for change in approach… Order Intake1) in €bn 3.7 ICx 20.8 2) 20.7 19.2 21.2 19.8 17.9 17.8 +27% +25% +2% -4% -16% -27% yoy yoy yoy yoy yoy yoy Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY11 FY12 Revenue in €bn Gross Profit in €bn Gross Margin in % 20.4

  11. Slide 11: Accelerated by corporate efficiency initiative to secure performance levels designed by One Siemens

    … accelerated by corporate efficiency initiative to secure performance levels designed by "One Siemens" Siemens performance by the decades € bn Revenue x'' Decade's Net Income Growth above market 78 0%  Urban infrastructure 76 +9% CAGR  Automation  Affordable healthcare  Economic "GRE-ENergy" 33

  12. Slide 12: 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 12 German Corporate Conference 2012, September 24, 2012 Copyright © Siemens AG

  13. Slide 13: Backup

    Backup Page 13 German Corporate Conference 2012, September 24, 2012 Copyright © Siemens AG 2012. All rights reserved.

  14. Slide 14: Cancellation of treasury shares and €3bn buyback as commitment to shareholder value creation

    Cancellation of 33 million treasury shares and €3bn buyback as clear commitment to shareholder value creation Capital stock and number Current status of share buyback of shares outstanding Share price and daily repurchase volume Number of shares in million August 3 – September 14, 2012 914 33 881 ~4

  15. 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; • Adjus

  16. Slide 16: 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

  17. Slide 17: 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

  18. Slide 18: 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

  19. Slide 19: 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

  20. Slide 20: Reconciliation and Definitions for Non-GAAP Measures (VI)

    Reconciliation and Definitions for Non-GAAP Measures (VI) II. 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 bac

Siemens — Goldman Sachs/Berenberg German Corporate Conference 2012 on 6ix