Siemens Energy Ag · XETR:ENR

Siemens Energy — Q3 FY2026 Earnings Presentation

23 slides from Siemens Energy's earnings presentation, Aug 5, 2026

  1. Slide 1: Profitable growth accelerated – Siemens Gamesa returning to profitability

    Profitable growth accelerated – Siemens Gamesa returning to profitability Christian Bruch, President and CEO Siemens Energy Maria Ferraro, CFO Siemens Energy Analyst presentation Q3 FY26 Berlin, August 5, 2026 August Siemens2026 Energy is a trademark Siemens Energy licensed is a bytrademark Siemens

  2. Slide 2: Disclaimer

    Disclaimer Information and forward-looking statements This document contains statements related to our future business and financial Energy´s actual results, performance, or achievements may (negatively or performance, and future events or developments involving Siemens Energy that positively) vary

  3. Slide 3: CEO section

    CEO section Christian Bruch August 2026 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2026 | Analyst Call | Q3 FY26 3

  4. Slide 4: Siemens Energy accelerates profitable growth

    Siemens Energy accelerates profitable growth Disciplined execution and continuing favorable market momentum Strong demand and pricing environment in GS and GT €17.9bn record orders at Group level – GS alone at €10bn >900bps y-o-y profitability improvement to 14.2% Siemens Gamesa reported first quart

  5. Slide 5: Capacity ramp-up accelerates H2 revenue

    Capacity ramp-up accelerates H2 revenue Production capacity expansion in GS and GT fully on track Announced Capacity Expansions Revenue impact Gas Services ▪ Additional MGT capacity has Revenue growth y-o-y (comp.) MGT (20-100 MW), in GT units LGT (100-600 MW), in GT units come online in H2 FY26 ~10

  6. Slide 6: Continuing strong market demand

    Continuing strong market demand No market slowdown visible Americas EMEA Asia & Australia Group Highlights €17.9bn ▲ ▲ ▼ ▲ ▲ ▲ +33%1 +32%1 (21)%1 +13%1 +84%1 +7%1 (+9%1) 9.2 Record orders 8.6 7.0 6.8 5.6 Order backlog: €162bn 5.0 4.4 3.3 1.1 2.0 1.4 1.4 1.57 €11.4bn (+19% ) 1 Book-to-bill Revenue Or

  7. Slide 7: CFO section

    CFO section Maria Ferraro August 2026 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2026 | Analyst Call | Q3 FY26 7

  8. Slide 8: Delivered all-time high quarterly orders, revenue, and profit

    Delivered all-time high quarterly orders, revenue, and profit Siemens Energy Group Orders Revenue Profit before SI (in €bn) (in €bn) (in €m) Service 5.1% 14.2% 6.6% 12.6% +23%1 53.3 +13%1 +109% 44.7 31.4 +9%1 +19%1 28.6 3,946 +226% 16.6 17.9 11.4 9.7 1,884 1,623 497 3.2 3.7 Q3 FY25 Q3 FY26 Q1-Q3 Q1-

  9. Slide 9: Record order backlog with improved backlog margins provides long-term visibility

    Record order backlog with improved backlog margins provides long-term visibility Expected revenue generation from order backlog Backlog project margin development YTD (in €bn) +26 ~95% ~87% 162 136 Across almost all BAs2 Q3 FY25 Q3 FY26 FY26e1 FY27e after FY27e GS TI GT SG Expected revenue share cov

  10. Slide 10: Strong cash generation and improved credit rating enable continuous shareholder returns

    Strong cash generation and improved credit rating enable continuous shareholder returns Free Cash Flow (pre tax) (in € bn) 4.7 ~8 BBB+ (outlook stable) 1.9 0.8 FY23 FY24 FY25 FY26 guidance Shareholder Return FY2026 (in € bn) 0.2 open 2.0 0.8 3.6 Baa1 (outlook positive) 0.6 Dividend Share Buyback Sha

  11. Slide 11: A record quarter across all key KPIs

    A record quarter across all key KPIs Gas Services Orders Revenue Profit before SI (in €bn) (in €bn) (in €m) 13.0% 17.3% 14.6% 16.6% +56%1 27.6 +17%1 +62%1 18.2 +29% +21%1 10.3 10.0 9.1 +60% 1,715 1,329 6.2 3.8 3.1 648 406 Q3 FY25 Q3 FY26 Q1-Q3 Q1-Q3 Q3 FY25 Q3 FY26 Q1-Q3 Q1-Q3 Q3 FY25 Q3 FY26 Q1-Q3

  12. Slide 12: Higher volume and solid execution drive profitability

    Higher volume and solid execution drive profitability Grid Technologies Orders Revenue Profit before SI (in €bn) (in €bn) (in €m) 15.9% 19.9% 16.3% 18.3% +31%1 18.3 +34% 14.5 +22%1 +28%1 1,784 9.7 +61% +29%1 8.2 1,328 5.4 4.2 722 3.6 448 2.8 Q3 FY25 Q3 FY26 Q1-Q3 Q1-Q3 Q3 FY25 Q3 FY26 Q1-Q3 Q1-Q3 Q3

  13. Slide 13: Strong underlying profitability further elevated by positive timing effects

    Strong underlying profitability further elevated by positive timing effects Transformation of Industry Orders Revenue Profit before SI (in €bn) (in €bn) (in €m) 11.5% 14.3% 11.4% 12.8% +8%1 4.6 +6%1 4.4 +16% 4.1 4.3 +32%1 +12%1 543 469 1.8 1.5 +39% 1.4 1.4 157 218 Q3 FY25 Q3 FY26 Q1-Q3 Q1-Q3 Q3 FY25

  14. Slide 14: Turnaround on track – first quarter with positive result since Q4 FY22

    Turnaround on track – first quarter with positive result since Q4 FY22 Siemens Gamesa Orders Revenue Profit before SI (in €bn) (in €bn) (in €m) +6%1 (17.5)% 2.7% (13.9)% (0.2)% (56)%1 7.6 7.6 8.2 +99% (77)%1 +14%1 75 4.9 2.5 2.7 (15) 3.5 1.1 (1,061) (438) Q1-Q3 Q1-Q3 Q3 FY25 Q3 FY26 Q1-Q3 Q1-Q3 Q3 F

  15. Slide 15: Financial outlook reaffirmed with a tendency towards the upper end of the profit margin

    Financial outlook reaffirmed with a tendency towards the upper end of the profit margin Fiscal Year 2026 Q1 – Q3 FY26 FY26 outlook Revenue Profit margin Revenue Profit margin growth1 before SI2 growth1 before SI2 Gas Services 16.6% 16.6% 16 – 18% 14 – 16% Grid Technologies 22.3% 18.3% 25 – 27% 18 –

  16. Slide 16: Building a resilient high-quality earnings profile across the entire portfolio

    Building a resilient high-quality earnings profile across the entire portfolio Driven by structural growth, strong execution and significant cash generation Structural demand remains intact GS and GT continue to benefit from electrification, data center demand, grid expansion and the need for reliab

  17. Slide 17: We energize society

    We energize society August 2026 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2026 | Analyst Call | Q3 FY26 December 2025 © Siemens Energy, 2025 | Anne-Laure de Chammard | Transformation of17Industry

  18. Slide 18: Financial Calendar

    Financial Calendar Nov. 11, 2026 Feb. 11, 2027 Feb. 25, 2027 Q4 FY26 Q1 FY27 AGM Contact Investor Relations Tobias Hang Harald Albrecht Julian Mahlert Head of Investor Relations albrecht.harald@siemens-energy.com julian.mahlert@siemens-energy.com tobias.hang@siemens-energy.com +49 174 1766254 +49 15

  19. Slide 19: Q&A

    Q&A August 2026 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2026 | Analyst Call | Q3 FY26 19

  20. Slide 20: Appendix

    Appendix August 2026 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2026 | Analyst Call | Q3 FY26 20

  21. Slide 21: FY26 financial considerations for Siemens Energy

    FY26 financial considerations for Siemens Energy FY25 FY26 Comments Reconciliation line on Profit before SI neg. €0.3bn neg. ~€0.3bn (prev. ~€0.4bn) Financial result €0.1bn ~€0.2bn P&L tax rate ~24% below 20% Non-controlling interests €0.3bn ~€0.3bn R&D €1.2bn ~€1.2bn Capital expenditures €1.7bn ~5%

  22. Slide 22: Net income transition

    Net income transition In €m Q3 FY25 Q3 FY26 Q1-Q3 FY25 Q1-Q3 FY26 Gas Service 402 645 1,320 1,759 Grid Technologies 447 718 1,320 1,775 Transformation of Industry 154 214 460 532 Siemens Gamesa (425) 56 (1,358) (204) Reconciliation to Siemens Energy 377 (69) 291 (182) Profit 956 1,564 2,033 3,680 Pr

  23. Slide 23: Cash flow statement

    Cash flow statement In €m Q3 FY25 Q3 FY26 Q1-Q3 FY25 Q1-Q3 FY26 Net income 697 1,188 1,450 2,769 Amortization, depreciation and impairments 365 405 1,367 1,176 Change in operating net working capital Contract assets (142) (899) (206) (1,469) Inventories (230) (521) (1,198) (1,335) Trade receivables

Siemens Energy — Q3 FY2026 Earnings Presentation on 6ix