Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — Investor Day (December 2012)

19 slides from Siemens Aktiengesellschaft's investor day presentation, Dec 11, 2012

  1. Slide 1: Wind – the essential renewable energy source!

    Wind – the essential renewable energy source! Felix Ferlemann CEO Wind Power Division Capital Market Day Siemens Energy Charlotte, December 11, 2012 © Siemens AG 2012. All rights reserved.

  2. 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

  3. Slide 3: Wind – the essential renewable energy source!

    Wind – the essential renewable energy source! Wind is 4% of aggregate global installations Onshore and Offshore wind are integral parts of a broad energy mix Wind is natural hedge against fuel price volatility Wind is further gaining importance and increasing reliability © Siemens AG 2012. All right

  4. Slide 4: Siemens Wind Power: Focused on profitable growth and long term leadership

    Siemens Wind Power: Focused on profitable growth and long term leadership! Offshore: Remain world leader in fastest Build on growing sector 1 strengths Service: Expand long-term offering for rapidly growing installed base Onshore: Focus on profitable markets and 1 2 Be selective projects Cost Focus

  5. Slide 5: Wind Power Division: Organized to serve diverse regional markets

    Wind Power Division: Organized to serve diverse regional markets Division Wind Power / HQ: Hamburg, Germany Business Unit EMEA Business Unit AM Business Unit APAC HQ: Brande, DK HQ: Orlando, US HQ: Shanghai, CN EMEA ON EMEA OFF AM ON AM OFF APAC ON APAC OFF Global functions: Engineering, Project Man

  6. Slide 6: Wind and Gas are the future winners

    Wind and Gas are the future winners – mix of generating source is a priority worldwide Total installed capacity Yearly capacity additions in GW installations in GW installations 8,100 +500 GW Wind 16% 9% OFF +10% p.a. 24% AM ON .a. 38%p + 25% +16% p.a. 5,800 APAC Wind 4% ON +0% p.a. Gas 22% EMEA +13

  7. Slide 7: Changing market conditions in Wind – Siemens well positioned

    Changing market conditions in Wind – Siemens well positioned GLOBAL Pressure on subsidy regimes – positive long-term perspective Changed market weights to Asia, China biggest market Large overcapacities driving price pressure Increasing competition in onshore and offshore Revenue nominal growth roll

  8. Slide 8: Priorities are clear: Drive margin improvement and order growth

    Priorities are clear: Drive margin improvement and order growth Orders Revenue €bn €bn +11% +29% Growth 1) -26% Growth 1) +23% 5.1 6.5 +11% 5.9 4.8 4.9 3.7 2.8 3.1 book- to-bill 1.6 1.9 1.8 1.0 FY 2009 FY 2010 FY 2011 FY 2012 FY 2009 FY 2010 FY 2011 FY 2012 Growth FY 2009 to FY 2010 not applicable d

  9. Slide 9: Optimal balance of onshore and offshore on back of unparalleled backlog

    Optimal balance of onshore and offshore on back of unparalleled backlog Backlog Revenue split in € and Complementary business in €bn revenue growth trend y-o-y Onshore: >€11bn Stable base load Independence from ~30% subsidies within reach ~55% ~50% Technology base for 72% 69% offshore Offshore: ~70%

  10. Slide 10: Independence from subsidies is in sight – onshore sooner than offshore

    Independence from subsidies is in sight – onshore sooner than offshore Siemens' Levelized Cost of Levelized Cost of Electricity (LCoE), Electricity development in Europe, in €ct/kWh in €ct/kWh 100 Cost Target 2020: Process reduction Partnering Service <9 €ct/kWh excellence of products 10 CAPEX (incl

  11. Slide 11: Highest potential for LCoE reduction on nacelle – enabler direct drive technology

    Highest potential for LCoE reduction on nacelle – enabler direct drive technology Average factory costs in % of turbine costs 1. Blades: ~20% Determine energy capture 2. Nacelle incl. hub and power unit: ~60% Contains drive train, key to reliability 3. Tower: ~20% Height important for turbine output

  12. Slide 12: Leading product offering on- and offshore – modularization and standardization

    Leading product offering on- and offshore – driving modularization and standardization From single products … … to 4 platforms … … with 6 modules broken down into sub-modules Small geared Blade Tower Generator SWT-2.3 + Smart Small DD SWT-3.0 Tail end Hub Power Unit 13 different product lines Large

  13. Slide 13: Increased automation reduces production costs – modularization reduces transportation costs

    ples xam E Increased automation reduces production costs – modularization reduces transportation costs 1 Towers: Cost reduction via 1 Blades: Cost reduction via modularization and industrialization manufacturing innovation Plant capacity +100% Fully automated Transportation in production line standa

  14. Slide 14: Siemens is the innovation leader: More power, less complexity, less weight

    Siemens is the innovation leader: More power, less complexity, less weight Portfolio transition: USP in blades: Leading Direct Drive technology Integral-Blade-Technology SWT-3.0-113 DD Lighter than competition (small DD) +28% AEP Cast in one piece SWT-2.3-101 (small geared) Higher energy output Blad

  15. Slide 15: Onshore: Selective approach with focus on profitability

    Onshore: Selective approach with focus on profitability Focus countries: Coverage in % of regional installations in MW Americas APAC ~75% ~80% EMEA Strongholds ~75% New focus markets Key enablers Exemplary successes in Germany Launch of SWT-3.0-113 First successes: DD turbine Largest ever orders Hig

  16. Slide 16: Offshore: Leading player in strongest growing market

    Offshore: Leading player in strongest growing market New additions Cumulated Siemens offshore installations in GW Backlog 6 MW Installed base (ø 154 m) Installed base 2012: ~2.6 GW A380 Order backlog 2012: ~4.1 GW 450 kW Installed base 2016: ~10.6 GW (ø 35 m) 1990 2012 2016 First project MW turbines

  17. Slide 17: Fleet growth accelerating with significant profit potential for service business

    Fleet growth accelerating with significant profit potential for service business Past Present Future (2005) (2012) (2016e) Installed base in GW and 40.0 18,000 # of units 11,500 ~15% 18.0 8% ~25% 14% 5,600 2% 92% ~75% ~85% Offshore 4.0 86% 5% 98% Onshore 95% GW Units # GW Units # GW Units # 4.2 GW a

  18. Slide 18: Siemens Wind Power: Focused on profitable growth and long term leadership

    Siemens Wind Power: Focused on profitable growth and long term leadership! Offshore: Remain world leader in fastest Build on growing sector 1 strengths Service: Expand long-term offering for rapidly growing installed base Onshore: Focus on profitable markets and 1 2 Be selective projects Drive wind

  19. Slide 19: Reconciliation and Definitions for Non-GAAP Measures

    Reconciliation and Definitions for Non-GAAP Measures 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 eq

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