Siemens Energy AG · XETR:ENR
Siemens Energy — Merger or Acquisition (May 2022)
15 slides from Siemens Energy's merger presentation, May 21, 2022
Slide 1: Siemens Energy & Siemens Gamesa Renewable Energy: Shaping the Integrated Energy Technology Leader
Siemens Energy & Siemens Gamesa Renewable Energy Shaping the Integrated Energy Technology Leader 21 May 2022 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2022
Slide 2: Siemens Energy announces a voluntary cash tender offer at €18.05 per share
Siemens Energy announces a voluntary cash tender offer at €18.05 per share with the intention to delist and integrate SGRE & Shaping the integrated energy technology leader Wind is an important pillar in the strategy of Siemens Energy We energize society SGRE’s current financial performance creates
Slide 3: SGRE's current performance creates the need for action
SGRE’s current performance creates the need for action – Now is the right time to integrate SGRE … Key focus areas • Second profit warning this year and multiple since 2020 Financial planning • Profit and cash flow well below original expectations • Product development and introduction of new techno
Slide 4: A decisive next step on our strategic roadmap to lead the Energy Transition
… and execute a meaningful and decisive next step on our strategic roadmap to lead the Energy Transition & Leading the Energy Transformation • Most valued Energy Accelerating Impact Technology company • Focus and deliver on • Electrifying countries the fundamentals and communities • Co-create innova
Slide 5: Through integration, SGRE will significantly benefit from Siemens Energy's expertise
Through integration, SGRE will significantly benefit from Siemens Energy’s expertise and support which will help achieve its turnaround Manufacturing Production Global manufacturing excellence ramp-up expertise footprint Project Project Project Project Access to resources excellence scope selection
Slide 6: The transaction will further strengthen Siemens Energy's integrated solutions portfolio
The transaction will further strengthen Siemens Energy’s capabilities to offer an integrated and holistic solutions portfolio Three strategic pillars Market leading positions Group’s key facts (FY 21) Low- or zero-emission power generation €28.5 bn Conventional Renewables Low- or zero-emission power
Slide 7: Wind plays a crucial and increasingly important role to enable a sustainable future
Wind plays a crucial and increasingly important role to enable a sustainable future… Increasing share of wind in energy mix … … reflected in high growth rates and increased service potential Shift of resource base (2018 – 2040) Annual global offshore wind installations, excl. China (GW)(1) 30% Wind
Slide 8: Post-integration, SGRE will be best positioned to capture the opportunity
… and post-integration, SGRE will be best positioned to capture the opportunity SGRE’s market leading positions in attractive segments SGRE’s key facts (FY21) #1 Market leader, best positioned to satisfy fast-growing offshore demand Offshore 19% 32% €10.2 bn Offshore1 Sales Onshore Service 49% #2 St
Slide 9: Integration will allow Siemens Energy and SGRE to deliver to their full potential
Integration will allow Siemens Energy and SGRE to deliver to their full potential… Cost Synergies1 Up to ~€300M profit impact • Supply chain and logistics synergies • Project execution excellence • Joint and integrated R&D efforts • Cost reduction through an optimized administrative setup Growth Syn
Slide 10: Create substantial benefits for all stakeholders
…create substantial benefits for all stakeholders… Stronger offering Improved support in Unified customer cover- Customers of more complex, customers’ energy age approach across integrated solutions transition strategies full energy spectrum Enhanced supplier/ Increased Deeper relationship with Supp
Slide 11: And unlock significant value
…and unlock significant value Long-term value driven by: Simplified and more coherent structure Simplification More efficient control and better governance Fully integrated and complete energy offering Single and broader go-to-market approach Joint strategy Improved project execution Unified supply
Slide 12: Key terms of the voluntary cash tender offer with intention to delist
Key terms of the voluntary cash tender offer with intention to delist • Voluntary tender offer covering all Tentative timeline outstanding shares of SGRE with intention to delist Transaction 21 May 2022 Public offer announcement • The audit firm PwC was engaged as structure an independent valuator t
Slide 13: Envisaged offer funding and rating commitment
Envisaged offer funding and rating commitment • Funding requirement driven by tender offer acceptance • Assuming a 100% offer acceptance (i.e. by all SGRE minority Funding requirement shareholders), transaction value amounts to approximately €4.0bn (at an offer price of €18.05) • Balance sheet stren
Slide 14: SGRE's current financial performance creates the need for action
Wind is an important pillar in the strategy of Siemens Energy & SGRE’s current financial performance creates the need for action Integration decisively addresses current challenges at SGRE and will generate value for both shareholder groups We energize society Siemens Energy can stabilize SGRE’s bus
Slide 15: 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