Siemens Energy Ag · XETR:ENR
Siemens Energy — Siemens Gamesa Renewable Energy — Investor Day (September 2020)
17 slides from Siemens Energy's investor day presentation, Sep 1, 2020
Slide 1: Capital Market Day 2020
Capital Market Day 2020 Siemens Gamesa Renewable Energy Andreas Nauen, SGRE CEO Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Slide 2: Notes and forward-looking statements (I)
Notes and forward-looking statements (I) This presentation and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy or subscribe for any securities of Siemens AG or Siemens Energy AG. This prese
Slide 3: Notes and forward-looking statements (II)
Notes and forward-looking statements (II) This presentation contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of Siemens AG and Siemens Energy AG. Forward-looking statements involve known and unknown risk
Slide 4: Siemens Gamesa Renewable Energy by the numbers
Siemens Gamesa Renewable Energy by the numbers Siemens Energy total revenue (FY19) Key figures (FY19) 35% €26 bn €13 bn €28.8 bn Order backlog Orders share of Siemens Energy total revenue SGRE Revenue (FY19)1 €10 bn ~24 k Service Revenue Employees 16% Market capitalization €10.2 bn ~€15 bn2 New Unit
Slide 5: Up to 15 MW with Power Boost
5 Up to 15 MW with Power Boost +25% annual energy production increase vs. predecessor Turbine installation in less than 24 hours with >98% availability from day one1 1 Project/site-specific conditions apply 2020-09-01 © Siemens Gamesa Renewable Energy S.A., 2020
Slide 6: Well positioned to unleash the full potential of wind
6 Siemens Gamesa Renewable Energy – well positioned to unleash the full potential of wind 1 2 3 A market leader in the Highly favorable industry Well positioned for value attractive wind industry dynamics, with growth creation with innovation, with the right foundation in mainly coming from producti
Slide 7: SGRE is an industry leader in wind power solutions and services
7 1 SGRE is an industry leader in wind power solutions and services Onshore Offshore Service #31 #11 #22 • ~90 GW installed3 • ~16 GW installed3 • ~72 GW under service3 • Truly global player in a large • Unparalleled track-record in a • Highly profitable business and stable market double-digit growi
Slide 8: ONE SGRE with the right foundation in place
8 1 ONE SGRE with the right foundation in place People Sustainability International and skilled teams Member of major ESG indexes across the globe Technology Execution Capabilities ~2,000 dedicated R&D staff with World’s largest offshore wind park >5,800 patents Hornsea ONE commissioned on time Scal
Slide 9: East Anglia ONE: Excellence in project execution
9 1 East Anglia ONE: Excellence in project execution 102 SG 7.0-154 DD wind turbines supplying clean green power to over 630,000 homes Siemens Gamesa´s 1,000th Offshore DD turbine installed Completed successfully with zero defects Pioneering 66 kV transmission technology 2020-09-01 © Siemens Gamesa
Slide 10: Wind power attracting largest pool of investments
10 2 Wind power attracting largest pool of investments and recent trends confirm potential 2020-2040 investments 178 135 in renewable power1 ($ bn/year) 25 4 1 19% 9% % change in expected annual investments until 2040 vs. 2017 outlook2 (29)% (47)% (48)% Wind Solar PV Hydro Biomass Geothermal 1 BNEF
Slide 11: Very strong growth in Offshore and Service next five years
11 2 Very strong growth in Offshore and Service during next five years and beyond. Demand in Onshore remains solid WTG Service Annual installations (GW)1 Annual O&M market size (€ bn)2 67 56 57 Market Size 35 2019 28 24 20 15 2025 6 2030 Onshore Offshore Service 22% Growth (CAGR %) 7% 8% 8% 2019-202
Slide 12: Industry headwinds drove margin erosion, outlook favouring recovery
12 2 Industry has gone through significant headwinds that have driven margin erosion, but outlook favouring recovery Major industry headwinds 2020 Outlook1 (2017-2019) (2021-2023) Introduction of auctions around ▪ Transition to auctions mostly completed the globe ▪ Pricing trends normalized Supply c
Slide 13: SGRE positioned for leadership in value creation: Strategy
13 3 SGRE positioned for leadership in value creation: Strategy What How ▪ Focus on profitable volume & de-risk business ▪ Introduce new leading technology Return to sustainable ▪ Reduce supply chain complexity profitability Onshore ▪ Reinforce project execution capabilities ▪ Reorganization to opti
Slide 14: LEAP program launched to achieve our targets
14 3 SGRE positioned for leadership in value creation: LEAP program launched to achieve our targets Innovation Productivity & Operational Excellence Asset Management Striving for technology Continuous focus in cost Strengthening process and leadership and business optimization and stringent cash pro
Slide 15: Unleashing the full potential of Siemens Gamesa
15 Unleashing the full potential of Siemens Gamesa Clear value creation story: ▪ Turnaround Onshore to sustainable profitability ▪ Capture growth in Offshore and Service LEAP program launched Prioritizing profit over volume Focus on cash generation Commitment to sustainability 2020-09-01 © Siemens G
Slide 16: Appendix
16 Appendix 2020-09-01 © Siemens Gamesa Renewable Energy S.A., 2020
Slide 17: Record backlog. Recent profitability under pressure in Onshore
17 Record backlog. Recent profitability under pressure in Onshore. Turnaround plan in place Order backlog1 21 23 26 32 Record level order backlog with strong (€ bn) book to bill – mainly driven by strong Book-to-Bill 1.1x 1.3x 1.2x 1.3x 1.8x offshore and service order intake supported by market grow
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