Siemens Energy Ag · XETR:ENR
Siemens Energy — Investor Day (November 2025)
14 slides from Siemens Energy's investor day presentation, November 2025
Slide 1: Capital Market Day 2025
Capital Market Day 2025 Maria Ferraro Chief Financial Officer November 2025 November 2025 Siemens Energy is a trademark licensed by Siemens AG. Siemens Energy is a trademark licensed by Siemens AG.
Slide 2: Disclaimer
Disclaimer Information and forward-looking statements This document contains statements related to our future business and financial at a later date or not at all, or should assumptions prove incorrect, Siemens performance, and future events or developments involving Siemens Energy that Energy’s act
Slide 3: Priorities for sustainable value generation
Priorities for sustainable value generation Profitable Financial Capital growth resilience allocation November 2025 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2025 | Maria Ferraro | CFO 3
Slide 4: We delivered on all goals in a pivotal FY25
We delivered on all goals in a pivotal FY25 Revenue Profit margin before SI Free Cash Flow (pre tax) (in € bn) (in %) (in € bn) +10% 6.0% 39.1 34.5 4.7 29.0 31.1 0.8% 1.0% 1.5 1.9 0.8 (8.9)% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 ▪ Operational excellence in the execution ▪ Consi
Slide 5: Sustainable value creation to accelerate
Sustainable value creation to accelerate Built the transforming energy world Gas Services Grid Technologies Transformation of Industry Siemens Gamesa Revenue growth1 Mid-teens High-teens M/HSD MSD Profit margin 18 – 18 – 3– before SI 20% 16 – 20% 5% 14 – 18% 15.8% 16% 12 – Break- 11 – even 13.0% 14%
Slide 6: Excellent order book
Excellent order book Enhance resilience in a transforming world Order backlog Backlog project margin1 improvement Gas Services backlog margin up (in € bn) (in pp) ~12 pp in new unit and ~3 pp in Service since FY22 +42% Gas Services 7 5 138 (New Unit) Grid Technologies backlog quadrupled, 123 Gas Ser
Slide 7: Well diversified portfolio
Well diversified portfolio Enhance resilience in a transforming world Revenue Revenue by Region by Type1 17% ~30% 6% ~35% 39% Europe Middle East / Africa North Amercia 24% Service Latin America Solution Asia / Australia 14% Product ~35% ▪ Strong demand and growth opportunities across all regions ▪ R
Slide 8: Reducing overhead cost intensity
Reducing overhead cost intensity Transform the way we operate SG&A expenses before SI Accelerating productivity (in % of revenue) 9.6% Improved basis 0.8% Revenue based Effective legacy programs since FY21 8.7% trademark license 0.8% fee until 20301 0.9% Operating model to deliver Catalyzing operati
Slide 9: Capital efficient business model
Capital efficient business model Book-to-Bill Net Contract Liabilities1 CAPEX (in % of backlog) (in % of revenue) 1.6 13% ~5% 12% 1.5 1.5 11% ~12% 4.4% 4.4% 9% 4.0% 3.9% >1 1.3 ~3% FY22 FY23 FY24 FY25 FY26 FY28 FY22 FY23 FY24 FY25 FY26 FY28 FY22 FY23 FY24 FY25 FY26 FY28 ▪ Continued market strength s
Slide 10: Strong cash generation – Solid investment grade credit profile with positive outlook
Strong cash generation – Solid investment grade credit profile with positive outlook Free Cash Flow (pre tax) (in € bn) BBB- (outlook positive) ∑ ~€20 bn 4–5 4.7 Baa2 (outlook positive) FY22 FY23 FY24 FY25 FY26 FY28 November 2025 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy
Slide 11: Balanced capital allocation – Up to €10 bn return to shareholders until FY28
Balanced capital allocation – Up to €10 bn 1 return to shareholders until FY28 ~€28 bn Dividend policy attractive CAPEX and other operations3 ~1/3 incl. ~€6 bn CAPEX to support organic growth 40 – 60% Cash flow from Dividend for FY25: proposed €0.7 operating act. ~23 FY26 – 28 4 ~1/3 Shareholder ret
Slide 12: Strong outlook – Framework for value creation
Strong outlook – Framework for value creation Revenue Profit margin before SI FY 2026 guidance growth Low- 14 – Net income teens1 16% 11 – 9– €3 – 4 bn 13%1 11% 39.1 34.5 6.0% Free Cash Flow (pre-tax) 1.0% €4 – 5 bn FY24 FY25 FY26 FY28 FY24 FY25 FY26 FY28 guidance target guidance target Capital Stru
Slide 13: Creating sustainable shareholder value
Creating Resilient revenue growth Well diversified portfolio with leading market positions sustainable Broad-based margin expansion shareholder Excellent order book and growing service value Strong cash flow generation secured by capital efficient business model Balanced capital allocation reinforce
Slide 14: Financial framework
Financial framework FY26 outlook FY28 targets Revenue growth1 Profit margin before SI2 Revenue growth3 Profit margin before SI2 Gas Services 16 – 18% 14 – 16% Mid-teens 18 – 20% Grid Technologies 19 – 21% 16 – 18% High-teens 18 – 20% Transformation of Industry 5 – 7% 11 – 13% M/HSD 12 – 14% Siemens