Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Q3 2009 Earnings Presentation
19 slides from Siemens Aktiengesellschaft's earnings presentation, Jul 30, 2009
Slide 1: TAP: Solid performance in a tough environment
TAP: Solid performance in a tough environment Peter Löscher, President and CEO Joe Kaeser, CFO Q3 2009 Analyst Conference Call July 30, 2009 Copyright © Siemens AG 2009. 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: TAP: Solid performance in a tough environment – key takeaways
TAP: Solid performance in a tough environment Our principles… Key takeaways Fully on track to deliver targets for FY09 Increase Strong competitive performance under TRANSPARENCY challenging market conditions Solid cash flow and strong balance sheet Enforce demonstrating financial flexibility and sta
Slide 4: Financial highlights of Q3 FY09
Financial highlights of Q3 FY09 Strong backlog of €84.3bn softens impact of recession; solid Energy b-t-b at 1.06x Orders down 27%1) from very high prior year levels Revenues -4% impacted by difficult business environment at Industry Total sector profit of €1.7bn leading to a healthy margin of 9.6%
Slide 5: Healthy profitability in a difficult business environment
Healthy profitability in a difficult business environment Q3 FY09 Order growth y-o-y1) Q3 FY09 Order Revenue Profit y-o-y1) y-o-y1) margin Europe/C.I.S./Africa/ME -25% Siemens - 27% - 4% (therein Germany) -29% Industry - 42% - 14% 6.6% Industry Automation -29% -27% 5.4% Americas -34% (therein USA) D
Slide 6: Stringent execution on SG&A savings in relative and absolute terms
Stringent execution on SG&A savings in relative and absolute terms Absolute SG&A performance Relative SG&A cost development shows in P&L in % of revenue: -270bp 16.7% 14.0% -16% €bn 12.1 €bn 9.5 8.0 Q3 3.2 -19% 8.0 2.6 Selling 8.9 -22% Q2 3.2 6.4 2.5 -6% G&A 3.2 Q1 3.1 2.9 1.6 FY07 Q3 YTD 09 Q3 YTD
Slide 7: Continuous focus on capex
Continuous focus on capex Capex development Capex spending under control Total Groups Total Sectors Capex / Well below target range Depreciation 150% since Q1 FY09 140% 127% 130% 116% Stringent approach by Industry 120% 115% and Healthcare given current 110% Target 100% 113% Range difficult market e
Slide 8: 97% of Other Operations activities solved
97% of Other Operations activities solved Breakdown of OOP Target scenarios Implementation status OOP business activities OOP business activities OOP business activities Revenue Implementation status by activities in €bn 187 business activities Exit via 2.3 ramp- 3% Primary outside Germany Revenue:
Slide 9: World's first tram without overhead power lines and with energy storage system
World‘s first tram without overhead power lines and with energy storage system Energy-efficient trams Siemens is the trendsetter Customer demands: Reduced energy consumption Reduced electrification costs Operation without overhead lines in challenging “built up” areas or with historical buildings In
Slide 10: New H-Frame gas turbine entering commercial phase
New H-Frame gas turbine entering commercial phase World’s most powerful gas turbine Siemens ensures top efficiency Customer demands: Highest possible efficiency Lower emissions Flexible operation Lower lifecycle costs Innovation from Siemens Energy: 2005 – Presentation of world’s most powerful gas t
Slide 11: World's fastest CT with lowest radiation
World’s fastest CT with lowest radiation Fastest computed tomography (CT) Siemens reduced radiation dosage Physician and patient demands: Higher scanning speed Lower radiation dose CT innovations from Siemens Healthcare: 2005 – Somatom Definition: World’s first CT with two X-ray tubes - scanning spe
Slide 12: What we expect for the remainder of 2009
What we expect for the remainder of 2009 Growth target remains unchanged: 2x global GDP growth1) Total Sectors profit is expected to exceed the prior year level of €6.6bn Growth in income from continuing operations expected to exceed growth in Total Sectors profit This outlook excludes portfolio eff
Slide 13: TAP: Consistent execution against plan
TAP: Consistent execution against plan Reporting dates Milestones (deliverables) January 2008 New target margins for Energy and Industry Sector Q1 call and AGM Target margins for Divisions April 2008 Update on SG&A project Q2 analyst conference Start reporting in new structure July 2008 Outline new
Slide 14: Financial calendar
Financial calendar August August 3-7, 2009 Post-Q3 roadshow (NY, Boston, Frankfurt, London) September September 9, 2009 Credit Suisse “2009 Capital Goods and Aerospace Conference” (London) September 29, 2009 Capital Market Day “Healthcare” October - November 17, 2009 November Nomura “German Suisse C
Slide 15: Siemens investor relations contact data
Siemens investor relations contact data Mariel von Drathen +49-89-636-33780 Munich Office +49-89-636-32474 US Office +1-408-464-2004 Internet: http://www.siemens.com/investorrelations Email: investorrelations@siemens.com Fax: +49-89-636-32830 Page 15 Q3 Analyst Call, July 30, 2009 Copyright © Siemen
Slide 16: 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; Adjusted or organic growth
Slide 17: Reconciliation and Definitions for Non-GAAP Measures (II)
Reconciliation and Definitions for Non-GAAP Measures (II) Adjusted or organic growth rates of Revenue and new orders In its financial reports, Siemens presents, on a worldwide basis and for each Sector and Cross-Sector Business, the percentage change from period to period in Revenue and new orders a
Slide 18: Reconciliation and Definitions for Non-GAAP Measures (III)
Reconciliation and Definitions for Non-GAAP Measures (III) ROCE at the Siemens group level, on a continuing operations basis Siemens also presents group ROCE on a continuing operations basis. For this purpose, the numerator is Income from continuing operations and the denominator is CE, less Assets
Slide 19: Reconciliation and Definitions for Non-GAAP Measures (IV)
Reconciliation and Definitions for Non-GAAP Measures (IV) Adjusted industrial net debt Siemens defines adjusted industrial net debt as net debt less (1) SFS debt excluding SFS internally purchased receivables; less (2) 50% of the nominal amount of our hybrid bond; plus (3) the funded status of pensi