Siemens Energy Ag · XETR:ENR
Siemens Energy — Investor Day (November 2025)
21 slides from Siemens Energy's investor day presentation, November 2025
Slide 1: Capital Market Day 2025 – Siemens Gamesa
Capital Market Day 2025 Siemens Gamesa Vinod Philip Member of the Executive Board of Siemens Energy November 2025 Siemens Energy is a trademark licensed by Siemens AG.
Slide 2: Disclaimer
Disclaimer Information and forward-looking statements This document contains statements related to our future business and financial at a later date or not at all, or should assumptions prove incorrect, Siemens performance, and future events or developments involving Siemens Energy that Energy’s act
Slide 3: We leverage our strengths to deliver the turnaround
We leverage our strengths to deliver the turnaround Project execution Break-even in FY26 is the next >5,000 offshore turbines installed1 milestone on our path to profitability ... Installation rate of ~1 per day … as we drive operational excellence within a streamlined portfolio and footprint ... In
Slide 4: Our ambitions for the future
Our ambitions for the future FY25 FY26 FY28 Revenue growth (%)1 5% 1 – 3% MSD Profit margin before SI (%) (13)% Break-even 3 – 5% 1 Comparable revenue growth (excluding currency translation and portfolio effects); FY28 compound annual revenue growth rate (FY25-based) © Siemens Gamesa Renewable Energ
Slide 5: We deliver what we promised
We deliver what we promised ▪ Technical solutions for 4.X and 5.X largely implemented Fix Onshore product quality ▪ Sales activity started for SG 5.0-145 (2.0)1 and SG 7.0-1701 and focus on attractive markets ▪ Sales efforts directed to attractive markets with streamlined portfolio Deliver Offshore
Slide 6: On track to break-even in FY26 – Next milestone towards profitability
On track to break-even in FY26 – Next milestone towards profitability Main building blocks and progress made Key levers Profit before SI in € bn 3 – 5%1 1 Offshore profitability ▪ SG 14/15 cost out ▪ Project execution excellence Break- even 2 Operational excellence ▪ Factory productivity ▪ Reduction
Slide 7: Leverage our strengths through focus on attractive Onshore markets
Leverage our strengths through focus on attractive Onshore markets Onshore market outlook Onshore wind as corner- based on installations in GW stone of electrification ▪ Cost-competitiveness 2025 – 30 ▪ Energy security 9% for focus countries ▪ Fast build-out share 65 ~4,000 TWh 61 x1.5 energy produc
Slide 8: A right-sized portfolio and footprint to drive productivity, cost and quality in Onshore
A right-sized portfolio and footprint to drive productivity, cost and quality in Onshore High performance in complex wind conditions and demanding requirements ▪ SG 7.0-1701 – Europe/other4 ▪ SG 5.0-145 (2.0)2 – Europe/other4 Robust reliability to perform under extreme weather conditions ▪ SG 4.3-14
Slide 9: Service to drive Onshore profitability through balanced programs and aftermarket
Service to drive Onshore profitability through balanced programs and aftermarket Leveraging installed fleet and backlog1 in GW Order backlog #3 ~€9 bn1 Average contract duration in backlog 54 SG non-serviced ~12 years2 Aftermarket opportunity FY25 service revenue €1.8 bn (€1.4 bn from service progra
Slide 10: Offshore remains a promising market thanks to its strong attributes
Offshore remains a promising market thanks to its strong attributes Offshore market outlook Offshore wind has a unique combination of Three years average – based on annual installations in GW ▪ high contribution to energy independency ▪ gigawatt scale with little use of land ▪ high capacity factor 1
Slide 11: Offshore as a clear market leader with a proven track record
Offshore as a clear market leader with a proven track record Over a decade of product improvements Undisputed market leader SG offshore turbine ratings, in MW1 Installed capacity excl. China at the end of 2024, in GW2 Geared Direct Drive Market Drive technology development share (%) 67% 25% 3% 5% SG
Slide 12: We leverage the SG 15 as workhorse product to drive profitability
We leverage the SG 15 as workhorse product to drive profitability Streamlined product portfolio Unprecedented volume SG offshore production by platform1 Secured SG 14/15 pipeline2, in GW output >60% higher >22 ~21 FY23 FY24 FY25 FY26 and Previous platforms SG 14/15 beyond SG 6/7 SG 8 SG 11 SG 14/15
Slide 13: FY28 targets
FY28 targets We drive operational excellence within Revenue growth1 lean structures and streamlined footprint MSD Offshore is driving our turnaround leveraging its market leadership and industrialization Profit margin before SI2 Onshore is transforming into a service-centric business with a focused
Slide 14: A team of wind power enthusiasts
A team of wind power enthusiasts November 2025 © Siemens Gamesa Renewable Energy, 2025 | Vinod Philip | Siemens Gamesa 14
Slide 15: Capital Market Day 2025 – Backup
Capital Market Day 2025 Backup Siemens Energy is a trademark licensed by Siemens AG.
Slide 16: Siemens Gamesa in a nutshell
Siemens Gamesa in a nutshell Orders and revenue Profit margin before SI FY25 (in € bn) (in %) Order backlog Revenue 16.8 11.6 9.3 7.3 23% 3–5 50% 50% MSD2 10.0 10.4 1 – 3%1 77% 9.8 Break- 9.1 even New Unit Service (6.3) Market Position3 (13.1) (17.8) #1 #3 FY22 FY23 FY24 FY25 FY26 FY28 (47.8) in Off
Slide 17: We deliver what we promised – Offshore ramp-up on track at all sites
We deliver what we promised – Offshore ramp-up on track at all sites Offshore manufacturing footprint close to most relevant markets Blade FY24 FY25 FY26 1 Aalborg Q2/25 1 2 Hull Q1/24 2 4 3 3 Le Havre Q4/25 5 Nacelle 4 Cuxhaven Q2/24 5 Taichung Q1/25 Nacelle plant Blade plant Start of SG 14 Product
Slide 18: We deliver what we promised – Operational excellence
We deliver what we promised – Operational excellence Safety Quality People Total recordable injury rate NCC (€) -50% -14% 73% Employee engagement FY251 3.90 3.64 2.73 >1.5 pp Reduction of voluntary attrition2 FY23 FY24 FY25 FY23 FY24 FY25 1 Industry standard employee engagement survey to measure an
Slide 19: Onshore Service – Wind turbines provide 25-year profitable revenue potential
Onshore Service – Wind turbines provide 25-year profitable revenue potential Onshore Wind example – service business model (Illustrative) Key levers to drive Contract Turbine WTG service profitability signing installation lifetime ▪ Execution improvement Aftermarket offerings (e.g., digital and remo
Slide 20: Onshore Service – Key capabilities supporting service offering
Onshore Service – Key capabilities supporting service offering Field services Spare parts and repairs Remote services Value adding services (on-site technical operations) Highly skilled SG technicians, Global availability of high-quality new Condition-based monitoring and data- Hardware and software
Slide 21: The offshore wind turbine manufacturer with the longest, most extensive history in the industry
The offshore wind turbine manufacturer with the longest, most extensive history in the industry 1991 2011 2018 2022 2024 World’s first First power First large-scale First subsidy-free First SG 14 offshore project plant-sized project OF DD project offshore project Project 4.95 MW – Vindeby, DK 630 MW