Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — 2012 EPG Conference
20 slides from Siemens Aktiengesellschaft's conference presentation, May 23, 2012
Slide 1: Well positioned to achieve profitable growth
Well positioned to achieve profitable growth Peter Löscher, President and CEO 2012 EPG conference Longboat Key, Florida May 23, 2012 Page 1 EPG conference May 23, 2012 Copyright © Siemens AG 2012. All rights reserved.
Slide 2: Safe Harbour Statement
Safe Harbour Statement This document includes supplemental financial measures that are or may be non-GAAP financial measures. New orders and order backlog; adjusted or organic growth rates of revenue and new orders; book-to-bill ratio; Total Sectors profit; return on equity (after tax), or ROE (afte
Slide 3: Long term market drivers for Siemens businesses are fully intact
Long term market drivers for Siemens businesses are fully intact Demographic Climate change Globalization Urbanization change Attractive markets driven by megatrends Infrastruc- Energy Healthcare Industry ture & Cities Book-to-bill ratio per quarter €xbn Order backlog at end of quarter €100bn €96bn
Slide 4: Q2 FY 2012: Broad based order decline while revenue growth driven by Americas
Q2 FY 2012: Broad based order decline due to fewer large orders while revenue growth is driven by the Americas Regional business split Emerging / Developed markets split Q2 FY 12 Order growth y-o-y1) Q2 FY 12 Orders Europe/C.I.S./Africa/ME -22% (therein Germany) -40% 31% -31% Americas -5% (therein U
Slide 5: Short cycle businesses in Industry continue to show strength
Short cycle businesses in Industry continue to show strength in an overall robust business environment Revenue IA and DT Regional perspective on short cycle business Export driven industry continues growth Industry Automation €bn Stabile capacity utilization on high level +7% Weakening markets with
Slide 6: One Siemens – Framework for sustainable value creation
One Siemens – Framework for sustainable value creation shows improvement potential Financial target system Growth1) Margins compared to industry benchmarks Revenue growth (rolling 4 quarters Q2 FY 12) EBITDA Margins (H1 FY 12) Energy 9.0% 10-15% Siemens 4.5% Healthcare 18.1% 15-20% -4.7% Industry 15
Slide 7: Accelerated R&D investment to strengthen competitiveness
Accelerated R&D investment to strengthen competitiveness Innovations secure market leadership R&D investment (Examples) R&D intensity (€bn) # of granted patents TIA Portal Magnetom Spectra +12% +4% 2.1 51,400 53,300 1.8 5.2% 5.5% Standard tool for 3 Tesla MR for cost automation engineering sensitive
Slide 8: Well prepared to meet increased demand for efficient and flexible power generation
Well prepared to meet increased demand for efficient and flexible power generation Successful market entry: SGT5 – 8000H Expansion of global gas turbine network Completion of most modern GT plant in Charlotte – investment of $350m by end of 2011 GT combustion test center in Ludwigsfelde (Berlin) unt
Slide 9: Focused M&A to complete technological offering
Focused M&A to complete technological offering Industry Automation Fossil Power Generation Oil & Gas CAD design software NEM BV: Acquisition of Heat Expro Holdings UK: Production of Recovery Steam Generators Takeover of Connectors and composite materials (HRSG) business Measurements Division (Accoun
Slide 10: Update on our assumptions for FY 2012: Opex increase will slow down in H2
Update on our assumptions for FY 2012: Opex increase will slow down in H2 Customer Price Change Opex Capex Total Sectors in % of revenue (Cont. Ops.) Total Sectors in €bn in €bn 15.3 – 15.5 1.9 – 2.1 1.1 – 1.3 0.3 – 0.5 14.2 0.6 1.6 0.1 -2.5% – -3.0% primarily -2.8% 8.1 “Selling” & “R&D” 2.2 3.9 FY
Slide 11: Clear Sector priorities for second half of fiscal 2012
Clear Sector priorities for second half of fiscal 2012: Deliver on investments and focus on execution Energy Healthcare Fossil: Project execution Execute on Agenda 2013 and Gas footprint expansion Competitiveness program for Transmission: Structural Diagnostics realignment and diligent Reposition Ra
Slide 12: Revised Outlook FY 2012
Revised Outlook FY 2012 For fiscal 2012 we confirm our expectations of moderate organic revenue growth compared to fiscal 2011, and orders again exceeding revenues for a book-to-bill above 1. We continue to anticipate strong earnings performances in most of our businesses, including our industrial s
Slide 13: Financial calendar
Financial calendar May May 16, 2012 Deutsche Bank German and Austrian Corporate Conference (Frankfurt) May 22 – 23, 2012 EPG Conference (Florida) June 13, 2012 June Exane Conference (Paris) June 14, 2012 JP Morgan Capital Goods Conference (London) June 14, 2012 Swiss Roadshow (Zurich) July July 26,
Slide 14: Siemens investor relations contact data
Siemens investor relations contact data Mariel von Drathen +49-89-636-33780 Munich Office +49-89-636-32474 Internet: http://www.siemens.com/investorrelations Email: investorrelations@siemens.com Fax: +49-89-636-32830 Page 14 EPG conference May 23, 2012 Copyright © Siemens AG 2012. All rights reserve
Slide 15: 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 and order backlog; • Adjus
Slide 16: Reconciliation and Definitions for Non-GAAP Measures (II)
Reconciliation and Definitions for Non-GAAP Measures (II) New orders and order backlog - continued Order backlog represents an indicator for the future revenues of our Company resulting from already recognized new orders. Order backlog is calculated by adding the new orders of the current fiscal yea
Slide 17: Reconciliation and Definitions for Non-GAAP Measures (III)
Reconciliation and Definitions for Non-GAAP Measures (III) Total Sectors Profit Siemens uses Total Sectors profit to measure the sum of profit of the four Sectors Energy, Healthcare, Industry and Infrastructure & Cities. Profit of the Sectors is earnings before financing interest, certain pension co
Slide 18: Reconciliation and Definitions for Non-GAAP Measures (IV)
Reconciliation and Definitions for Non-GAAP Measures (IV) ROCE (adjusted) – continued ROCE (adjusted) at the Siemens group level on a continuing and discontinued operations basis Siemens also presents group ROCE (adjusted) on a continuing and discontinued operations basis. For this purpose, the nume
Slide 19: Reconciliation and Definitions for Non-GAAP Measures (V)
Reconciliation and Definitions for Non-GAAP Measures (V) Adjusted EBITDA, adjusted EBIT and adjusted EBITDA margins on a continuing operations basis – continued Adjusted EBITDA margins at the Sector level Siemens defines adjusted EBITDA margins at the Sector level as the ratio of adjusted EBITDA to
Slide 20: Reconciliation and Definitions for Non-GAAP Measures (VI)
Reconciliation and Definitions for Non-GAAP Measures (VI) II. Limitations on the usefulness of Siemens’ supplemental financial measures The supplemental financial measures reported by Siemens may be subject to limitations as analytical tools. In particular: • With respect to new orders and order bac