Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — Q3 FY2015 Earnings Presentation

18 slides from Siemens Aktiengesellschaft's earnings presentation, Jul 30, 2015

  1. Slide 1: Solid Q3 performance, softening market environment

    Joe Kaeser, President and CEO Ralf P. Thomas, CFO Solid Q3 performance, softening market environment Q3 FY 2015, Combined Press and Analyst Call Munich, July 30, 2015 © Siemens AG 2015

  2. Slide 2: Notes and forward-looking statements

    Notes and forward forward-looking 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: Q3 FY 2015 Solid performance, softening market environment

    Q3 FY 2015 Solid performance performance, softening market environment • Market M k t environment i t softens ft on the th back b k off weaker k Chi Chinese markets k t • Strong translational tailwind from FX on orders (+8%) & revenue (+9%) • Moderate M d t organici order d decline d li (-5%) ( 5%)

  4. Slide 4: Stringent execution of PG 2020 ongoing; Wind Power turns to profit

    Stringent execution of PG 2020 ongoing Wind Power turns to profit Power and Gas (PG) Wind Power and Renewables (WP) Orders Revenue Orders Revenue €bn €bn -22%1) -15%1) -70% 70%1) -9%1)) 4.1 3.6 3.2 3.2 2.0 1.4 1.4 0.7 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q3 FY 15 Profit & M

  5. Slide 5: EM: Continues with strong turn around; BT: Better mix & productivity

    EM: Continues with strong turn around BT: Better mix & productivity offset adverse FX impact Energy Management (EM) Building Technologies (BT) Orders Revenue Orders Revenue €bn €bn +1%1) +6%1) +5%1) +0%1) 3.1 3.5 2.6 3.0 1.3 1.5 1.4 1.5 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q3 FY 15 Q3 FY 14

  6. Slide 6: DF: Strong performance in softer markets; PD: Continued weakness

    DF: Strong performance in softer markets PD: Continued weakness in Commodity markets Digital Factory (DF) Process Industries and Drives (PD) Orders Revenue Orders Revenue €bn €bn +6%1) +3%1) -19%1) -4%1) 2.2 2.5 2.3 2.5 2.6 2.3 2.4 2.5 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q

  7. Slide 7: MO: Solid execution continues; HC: Leading performance

    MO: Solid execution continues HC: Leading performance in growth and profitability Mobility (MO) Healthcare (HC) Orders Revenue Orders Revenue €bn €bn +117%1) +4%1) +5%1) -9% 9%1) 2.8 2.9 3.3 2.8 3.2 1.3 1.9 1.8 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q3 FY 15 Profit & Margin P

  8. Slide 8: Outlook Fiscal 2015 confirmed despite weakening indicators

    Outlook Fiscal 2015 confirmed despite weakening indicators 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 r

  9. Slide 9: Appendix

    Appendix © Siemens AG 2015 Page 9 Munich, July 30, 2015 Q3 FY 2015, Press and Analyst Call

  10. Slide 10: One Siemens Financial Framework – Clear targets to measure success

    One Siemens Financial Framework – Clear targets to measure success & accountability One Siemens Financial Framework Siemens Capital efficiency Capital structure Growth: (ROCE2)) (Industrial net debt/EBITDA) Siemens > most 15-20% up to 1.0x relevant competitors1) (Comparable revenue growth) Total cos

  11. Slide 11: Financial Cockpit

    Financial Cockpit Orders Revenue Profit Industrial Business (IB) Net Income in €bn -5% Comp. -3% in €bn in €bn (+4%) (nom.) (+8%) +1% -2% 19.1 19.9 1.8 1.8 1.4 17.5 18.8 1.4 10.1% 9.5% B-t-B 1.09 1.05 Margin 10.4% Q3 14 Q3 15 Q3 14 Q3 15 Q3 FY 14 Q3 FY 15 Q3 FY 14 Q3 FY 15 EPS (“all-in”) ROCE (“all-

  12. Slide 12: Americas show favourable development while other regions are softer

    Americas show favourable development while other regions are softer Orders Q3 FY 15 y-o-y1) Europe/C.I.S./Africa/ME -4% (therein Germany) -14% Americas +4% (therein U.S.) +9% Asia/Australia -16% (therein China) -2% 2% Revenue Q3 FY 2015 y-o-y1) Europe/C.I.S./Africa/ME -5% (therein Germany) +4% Ameri

  13. Slide 13: Net Debt Bridge as of Q3 FY 2015

    Net Debt Bridge as of Q3 FY 2015 €bn Q3 ∆Q2 • SFS Debt +21 2 +21.2 -0.2 02 Operating Activities • Post emp. Benefits -9.7 +2.4 Adj. ind. Net Debt/ • Credit guarantees -0.9 -0.1 EBITDA therein: • Hybrid bond +1.0 +0.0 1.2x (Q2 FY15: 0.3x) • ∆ Inventories net of advance payments -0.7 • Fair value adj.

  14. Slide 14: SFS Key Figures Q3 FY15

    SFS Key Figures Q3 FY15 Key Financial Data SFS • Assets €25.0bn • Income before income taxes €116m • Return on Equity after tax 15.7% • Operating O ti and d Investing I ti Cash C h Flow Fl - €124m €124 Assets Liabilities and Equity €bn €bn 1.5 0.2 25.0 25.0 2.4 1.1 22.2 21.2 1.3 Leases & Equity Othe

  15. Slide 15: Pension underfunding decreased to €-8.9bn in Q3

    Pension underfunding decreased to €-8.9bn € 8 9bn in Q3 Deficit for Siemens’ pension plans decreased in Q3, mainly due to increased discount rate assumption Q1 Q2 Q3 in €bn1) FY 2012 FY 2013 FY 2014 FY 2015 FY 2015 FY 2015 Defined benefit obligation (DBO) on pension ((33.0)) ((32.6)) ((35.0)) ((36.8

  16. Slide 16: Financial calendar

    Financial calendar July July 30, 2015 Q3 Earnings Release and Analyst Call (Munich) August September p September 10, 2015 Morgan Stanley Industrial Conference (London) © Siemens AG 2015 Page 16 Munich, July 30, 2015 Q3 FY 2015, Press and Analyst Call

  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, July 30, 2015 Q3 FY 2015, Press and Analyst Call

  18. Slide 18: Siemens Press contacts

    Siemens Press contacts Business and financial press Dennis Hofmann +49 89 636-22804 Alexander Becker +49 89 636-36558 Wolfram Trost +49 89 636-34794 Yashar N. Azad +49 89 636-37970 Internet: www.siemens.com/press E E-mail: il [email protected] @ i Phone: +49 89 636-33443 Fax: +49 89 636-35260 636 35

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