Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Investor Day (June 2010)
19 slides from Siemens Aktiengesellschaft's investor day presentation, Jun 29, 2010
Slide 1: Siemens Energy: Power Transmission Division
Siemens Energy: Power Transmission Division Udo Niehage CEO Power Transmission © Siemens AG 2010. All rights reserved. Nuremberg, June 29, 2010 Capital Market Day Energy © 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: Power Transmission: The link between power generation and large consumption centers
Power Transmission: The link between power generation and large consumption centers … and grid access for From HVDC long distance transmission … renewable energy #1 … via regional transmission grids … down to large cities & load centers Page 3 June 29, 2010 Capital Market Day Energy © Siemens AG 201
Slide 4: Power Transmission: #1 or #2 in all our businesses
Power Transmission: #1 or #2 in all our businesses High-voltage € 6.2 billion revenues in 2009 Transformers products Balanced portfolio (now 50/50) world #1 world #2 Products between products & solutions Main customers segments: T&D utilities (80% of market) Power generation High-voltage P
Slide 5: A global footprint, unique in the industry to be close to our customers
A global footprint, unique in the industry to be close to our customers, everywhere Worldwide 2006 Worldwide 2009 € ) R&D b bb € ) R&D b bb 4.2 47 18 11 14.2 6.2 51 23 17 19.1 EMEA 2009 58% 52% 53% 56% 43% Americas 2009 Asia-Pacific 2009 28% 20% 18% 12% 21% € ) R&D b bb 22% 29% 30% 35% 23% 4 2 7 72
Slide 6: Leading some of the world's highest profile projects
Leading some of the world’s highest profile projects #1 in long distance transmission Best event in 2009: opening ceremony in China! 1st ever 800 kV DC bi-pole in operation demonstrating technology leadership for improved bulk transmission efficiency #1 in power supply infrastructure for large citie
Slide 7: Market trends: Positive trends mid-term
Market trends: Positive trends mid-term Markets were impacted by the #1 in fastest growing markets economic downturn €bn ~43 Cities Long distance + 4% to Grid access 39 5% p.a. Regional grid Asia 34 Industrial / generation 2006 2015E 30 Solid market trends unchanged Americas Growth in emerging eco
Slide 8: Fit for growth: Increased profit margin and strong backlog
Fit for growth: Increased profit margin and strong backlog €bn +9% -13% -11% New orders 6.7 7.3 6.3 3.5 3.1 €bn +12% +12% -11% Revenues 4.9 5.5 6.2 3.0 2.7 €m +1.4 pp Profit +2.7 pp +1.7 pp (in €m and % of revenue) 565 725 371 11.7% 320 332 10.3% 7.6% 10.7% 12.4% €bn 8.0 7.7 8.5 8.5 Order backlog 6.
Slide 9: Drive strong performance focused on growth and profitability
Drive strong performance focused on growth and profitability Leverage global value Optimize global manu- Increase manu- Accelerate growth sourcing facturing footprint facturing productivity Roll out of growth From "local for local" Benchmark products Deploy Siemens initiative to "local for g
Slide 10: Strengthening strongholds Europe and Middle East, increase presence in North America
Strengthening strongholds Europe and Middle East, increase presence in North America Grid modernization and upgrading: Urbanization: Doha / Qatar Germany / U 380 City renewal and invisible integration of Kearl oil sands project: Canada infrastructure: Anaheim / USA Page 10 June 29, 2010 Capital Mark
Slide 11: In emerging markets beat local competitors on their home turf
In emerging markets beat local competitors on their home turf Power Transmission is recognized as a local player in emerging markets: 15 centers of competences 29 factories (components manufacturers were acquired in China 64% of new orders to get access to local supplier base) 7 R&D centers in
Slide 12: Successful green-field project: Siemens transformers factory India (STI)
Successful green-field project: Siemens transformers factory India (STI) Factory inaugurated December 2007 450 employees Significant contribution to power transformers revenues already in 2009 Transformer factory in Kalwa New orders growth in MVA from 2,700 in 2008 to 11,900 in 2009. Produ
Slide 13: Innovation efforts address transmission efficiency and cost competitiveness
Innovation efforts address transmission efficiency and cost competitiveness "First" in market 17 R&D centers Ultra-high- 1st bi-pole ever 800 kV DC world wide voltage equipment project in operation for China Southern Power Grid (YunGuang) 120 patents & inventions filed in e.g. Environment Full
Slide 14: Power Transmission will continue to deliver
Power Transmission will continue to deliver Market fundamentals are accelerating Large mandatory investments in Power Transmission infrastructures The right regional footprint and the right integrated portfolio to accelerate growth A global team with the attitude to drive down costs constantly and c
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 Adjust
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 o