Siemens Energy Ag · XETR:ENR
Siemens Energy — Q3 2025 Earnings Presentation
23 slides from Siemens Energy's earnings presentation, Aug 6, 2025
Slide 1: Strong quarterly results position Siemens Energy towards upper end of full-year guidance range
Strong quarterly results positions Siemens Energy towards the upper end of the full-year guidance range Christian Bruch, President and CEO Siemens Energy Maria Ferraro, CFO Siemens Energy Analyst presentation Q3 FY25 Berlin, August 6, 2025 Siemens Energy is a trademark licensed by Siemens AG. Unrest
Slide 2: Disclaimer
Disclaimer INFORMATION AND FORWARD-LOOKING STATEMENTS This document contains statements related to our future business and financial performance, and future events or developments involving Siemens Energy that may constitute forward-looking statements. These statements may be identified by words suc
Slide 3: CEO section
CEO section Christian Bruch Siemens Energy is a trademark licensed by Siemens AG. Unrestricted © Siemens Energy, 2025 | Analyst Call | Q3 FY25 3
Slide 4: Strong quarterly results position Siemens Energy towards upper end of guidance range
Strong quarterly results positions Siemens Energy towards the upper end of the full-year guidance range Q3 FY25 Highlights Q3 FY25 Financials FY25 Outlook Performance Revenue • Record orders; revenue growth in line with €9.7bn (+13.5% yoy1) 13 – 15%1 expectations • Margin +450bps, driven by GS, GT a
Slide 5: Orders up in all regions, demand increased significantly in the US
Orders up in all regions, demand increased significantly in the US despite tariff uncertainties North America Europe Orders received in Q3 FY25 (in €bn) Strong medium and large gas turbine demand Large Offshore orders in Poland Grid infrastructure demand Preferred supplier for two large scale driven
Slide 6: Important milestones reached in Q3 FY25 to enhance profitable growth
Important milestones reached in Q3 FY25 to enhance profitable growth Q3 FY25 €260m co-investment with JV Securing growth ✓ 1st 4.X order and SG 7.0-170 (5.X successor) sales started ✓ Rare earth supply agreement with TDK ✓ Partner Končar in transformer plant expansion in Croatia Driving profitabilit
Slide 7: CFO section
CFO section Maria Ferraro Siemens Energy is a trademark licensed by Siemens AG. Unrestricted © Siemens Energy, 2025 | Analyst Call | Q3 FY25 7
Slide 8: Siemens Energy Group
Siemens Energy Group Record orders, continued strong revenue growth and significant margin expansion Orders Revenue Profit before SI in €bn in €bn in €m service +29%1 0.6% 5.1% 1.7% 6.6% +17%1 44.7 28.6 35.2 +340% 24.7 +65%1 +14%1 +905% 1,884 16.6 8.8 9.7 497 10.4 428 3.1 3.2 49 Q3 FY24 Q3 FY25 Q1-Q
Slide 9: Average project margin in our backlog trends upwards since beginning of FY25
The average project margin in our backlog trends upwards since the beginning of FY25 Expected revenue generation from order backlog (in €bn) Backlog project margin development YTD ~95% ~80% 136 10 Across all BAs Q3 FY25 FY25e1 FY26e after FY26e Order backlog x% of respective year revenues GS TI GT S
Slide 10: Strong cash flow generation
Strong cash flow generation Q3 cash flow development Net cash as of June 30, 2025 in €m in €bn S&P Rating: BBB-/outlook positive Moody’s: Baa2/outlook positive In €m Q3 FY24 Q3 FY25 8.5 Net income (102) 697 1.5 Amortization, depreciation and impairments 360 365 Change in operating net working capita
Slide 11: Gas Services
Gas Services Higher volume and solid execution drives profitability Orders Revenue Profit before SI in €bn in €bn in €m 6.8% 13.0% 10.9% 14.6% +44%1 +14%1 18.2 9.1 8.1 +51% +22%1 12.8 +17%1 1,329 +118% 6.2 880 5.3 3.1 2.7 406 186 Q3 FY24 Q3 FY25 Q1-Q3 Q1-Q3 Q3 FY24 Q3 FY25 Q1-Q3 Q1-Q3 Q3 FY24 Q3 FY2
Slide 12: Grid Technologies
Grid Technologies Continuous improvements in orders, revenue and profitability Orders Revenue Profit before SI in €bn in €bn in €m (4)%1 10.3% 15.9% 10.6% 16.3% +28%1 15.5 14.5 8.2 +90% +24%1 6.6 +26%1 +89% 1,328 4.2 3.5 2.8 448 699 2.3 237 Q3 FY24 Q3 FY25 Q1-Q3 Q1-Q3 Q3 FY24 Q3 FY25 Q1-Q3 Q1-Q3 Q3
Slide 13: Transformation of Industry
Transformation of Industry Another solid quarter with strong improvement in profitability Orders Revenue Profit before SI in €bn in €bn in €m +1%1 7.8% 11.5% 7.7% 11.4% +11%1 4.3 4.4 4.1 3.7 +64% +23%1 +6%1 +52% 469 1.4 1.1 1.3 1.4 157 287 103 Q3 FY24 Q3 FY25 Q1-Q3 Q1-Q3 Q3 FY24 Q3 FY25 Q1-Q3 Q1-Q3
Slide 14: Siemens Gamesa
Siemens Gamesa Quarter in line with expectations Orders Revenue Profit before SI in €bn in €bn in €m (17.4)% (17.5)% (19.0)% (13.9)% +11%1 +162%1 8.2 7.6 6.9 +638%1 (1)%1 4.9 2.6 2.5 (446) (438) 3.1 Q3 FY24 Q3 FY25 0.7 (1,061) (1,317) Q3 FY24 Q3 FY25 Q1-Q3 Q1-Q3 Q3 FY24 Q3 FY25 Q1-Q3 Q1-Q3 Q1-Q3 Q1-
Slide 15: Financial outlook reaffirmed with a tendency towards the upper end of guided ranges
Financial outlook reaffirmed with a tendency towards the upper end of the guided ranges Fiscal Year 2025 Q1 – Q3 FY25 FY25 Outlook Revenue Profit margin Revenue Profit margin growth1 before SI2 growth1 before SI2 Gas Services 13.8% 14.6% 11 – 13% 11 – 13% Grid Technologies 27.9% 16.3% 24 – 26% 14 –
Slide 16: Delivering on our targets – FY25 guidance reaffirmed
Delivering on our targets – FY25 guidance reaffirmed Mid-term target update in November Attractive Strong operational performance continues – full year Siemens Energy guidance reaffirmed with a tendency towards the upper markets end of the guided ranges CMD 2025 Demand for our products, solutions an
Slide 17: Financial Calendar / Contact Investor Relations
Financial Calendar Nov 14 Nov 19/20 Feb 11 Feb 26 Q4 FY25 CMD Q1 FY26 AGM Contact Investor Relations Tobias Hang Harald Albrecht Head of Investor Relations albrecht.harald@siemens-energy.com tobias.hang@siemens-energy.com +49 174 1766254 +49 172 5744423 Siemens Energy AG Sara Ghadyani Otto-Hahn-Ring
Slide 18: We energize society
We energize society 2025-08-06 Siemens Energy is a trademark licensed by Siemens AG. Unrestricted © Siemens Energy, 2025 | Analyst Call | Q3 FY25 18
Slide 19: Q&A
Q&A Siemens Energy is a trademark licensed by Siemens AG. Unrestricted © Siemens Energy, 2025 | Analyst Call | Q3 FY25 19
Slide 20: Appendix
Appendix Siemens Energy is a trademark licensed by Siemens AG. Unrestricted © Siemens Energy, 2025 | Analyst Call | Q3 FY25 20
Slide 21: Net income transition
Net income transition In €m Q3 FY24 Q3 FY25 Q1-Q3 FY24 Q1-Q3 FY25 Gas Service 184 402 881 1,320 Grid Technologies 246 447 929 1,320 Transformation of Industry 108 154 283 460 Siemens Gamesa (455) (425) (1,243) (1,358) Reconciliation to Siemens Energy 36 377 1,648 291 Profit 119 956 2,498 2,033 Profi
Slide 22: Cash flow statement
Cash flow statement In €m Q3 FY24 Q3 FY25 Q1-Q3 FY24 Q1-Q3 FY25 Net income (102) 697 1,588 1,450 Amortization, depreciation and impairments 360 365 1,078 1,367 Change in operating net working capital Contract assets (130) (142) (268) (206) Inventories (478) (230) (1,567) (1,198) Trade receivables (4
Slide 23: FY25 financial considerations for Siemens Energy
FY25 financial considerations for Siemens Energy FY24 FY25 Commentary Reconciliation line on Profit before SI neg. €0.25bn neg. ~ €0.3bn excl. impacts related to the change in fair values of transaction Financial result neg. €0.3bn ~ €0bn related derivatives R&D €1.2bn ~ €1.2bn Capital expenditures