Siemens Limited · NSE:SIEMENS
Siemens — Q4 FY2021 Earnings Presentation
29 slides from Siemens's earnings presentation, Dec 3, 2021
Slide 1: Exchange filing cover letter for Analysts / Institutional Investors Meet
3rd December, 2021 National Stock Exchange of India Limited BSE Limited Scrip Code – National Stock Exchange of India Limited: SIEMENS EQ BSE Limited: 500550 Analysts / Institutional Investors Meet - Presentation Dear Sir / Madam, Pursuant to Regulation 30, 46 and other applicable provisions of the
Slide 2: Siemens Ltd. Q4 FY 2021 Analyst call
Siemens Ltd. Q4 FY 2021 Analyst call Sunil Mathur, Managing Director and CEO Daniel Spindler, Executive Director and CFO December 3rd, 2021
Slide 3: Disclaimer
Disclaimer This presentation has been prepared solely for use at the investor/analyst presentation. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: a) Siemens Ltd. (“Siemens” or “Company”) cannot giv
Slide 4: Agenda
Agenda Business highlights Financial highlights Outlook Page 3 Unrestricted | © Siemens 2021 | 2021-12-03 | FY 2021 Analyst Call
Slide 5: Economy demonstrated resilience despite strong 2nd Covid wave
Economy demonstrated resilience despite strong 2nd Covid wave Macroeconomic Overview Verticals Performance in FY-21 Most high-frequency indicators at pre-covid levels Automotive Pharma • Strong boost in Central Government capex | Focus on infrastructure development • State Government capex still to
Slide 6: Strong double digit growth in all our businesses
Strong double digit growth in all our businesses FY-21 Growth drivers Energy 19% Smart Infrastructure 24% • Industrial Captive Power, • Projects in Solar, Tunnel and WHR 1) Industrial space • TBCB, STATCOM orders • Power Distribution substations • Modernization and Upgrades • Data Center, Energy Eff
Slide 7: Highlights of key orders won
Highlights of key orders won Key orders in H2-FY22 – examples STATCOM projects in Rajasthan Electrification of Railways E&A1) for Cement plants & Grinding Unit World's largest STATCOM projects for RE Partnering with Indian Railways to decarbonize Capacity expansion projects for one of largest integr
Slide 8: Momentum in Digitalization adoption across sectors
Momentum in Digitalization adoption across sectors Digitalization success – examples Auto – Paint shop analytics Energy Distribution – Smart metering Electronics – Quality improvement Operational transparency, Data analytics to Meter data management software connecting MES 1) and QMS 2) for improved
Slide 9: Scalable Digitalization offerings making us the partner of choice
Scalable Digitalization offerings making us the partner of choice Digital offerings – examples OT Cybersecurity solutions for industry Hydropower plant – Industrial Edge • Projects across Verticals – • Industrial Edge order from a Paints, Utilities, Steel, leading hydropower plant in Cement, … Sri L
Slide 10: Strengthening our portfolio!
Strengthening our portfolio ! Global Acquisitions Design-to-Source platform for electronics value chain to develop products faster SaaS provider for inventory management, reservation, & ticketing software Strong switchgear portfolio for Indian and Global M3 markets (Siemens Ltd. Acquisition) MoU wit
Slide 11: Agenda
Agenda Business highlights Financial highlights Outlook Page 10 Unrestricted | © Siemens 2021 | 2021-12-03 | FY 2021 Analyst Call
Slide 12: Strong business performance achieved in Q4 FY
Strong business performance achieved in Q4 FY 21 (Continuing Operations without Mechanical Drives business) New Orders Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) +4.9% +15.2% +10.9% Profit before Tax Profit after Tax Earnings per Share (% of revenue) (% of revenue) (in INR) +10.9% +8.2% ₹ 9.07 Pa
Slide 13: FY with sustained performance across all key parameters
FY 21 with sustained performance across all key parameters (Continuing Operations without Mechanical Drives business) New Orders Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) +32.4% +33.1% +11.4% Profit before Tax Profit after Tax Cash from (% of revenue) (% of revenue) Operations (in billion INR) +
Slide 14: New Orders growth backed by several key orders in FY
New Orders growth backed by several key orders in FY 21 (Continuing Operations without Mechanical Drives business) figures in billion INR % y-o-y development +145.7% +4.9% Positive growth +8.7% +9.3% +16.9% -19.0% -7.4% -17.8% in 5 consecutive quarters -39.0% 43.4 Despite COVID 2nd 32.2 32.1 33.1 33
Slide 15: Substantial Revenue growth in FY with strong finish in Q4 FY 21
Substantial Revenue growth in FY 21 with strong finish in Q4 FY 21 (Continuing Operations without Mechanical Drives business) figures in billion INR % y-o-y development +15.2% +2.5% -9.2% +29.6% Revenue growth +15.9% in every quarter of -23.1% +131.3% FY 21 -6.5% 37.7 39.4 Stringent order 34.2 33.0
Slide 16: EBITDA margin back to double digit after Q3 FY impacted by 2nd wave
EBITDA margin back to double digit after Q3 FY 21 impacted by 2nd wave (Continuing Operations without Mechanical Drives business) figures in billion INR % of revenue +13.2% +10.9% Operational margin +11.4% +13.4% stable +12.6% Increased raw material, +13.0% component & logistics +8.6% costs offset b
Slide 17: EBITDA bridge showing stable operational margin quality
EBITDA bridge showing stable operational margin quality (Continuing Operations without Mechanical Drives business) figures in million INR FY 20 FY 21 Q4 FY 20 Q4 FY 21 Revenue from contracts with customers 95,808 127,559 34,223 39,395 EBITDA (as reported) +9,902 +14,595 +4,529 +4,286 Margin (% of re
Slide 18: Business portfolio mix
Business portfolio mix (Continuing Operations without Mechanical Drives business) % of revenue Sales Mix Export & Domestic Government & Private Service Export Government Project Domestic Private Product 17.7% 13.9% 22.4% 21.5% 25.5% 15.7% 31.3% 29.0% 77.6% 78.5% 74.5% 84.3% 51.0% 57.0% FY 20 FY 21 F
Slide 19: Energy (SE): Continuing strength in Energy business with robust profitability growth
Energy (SE): Continuing strength in Energy business with robust profitability growth figures in billion INR New Orders Revenue EBITDA (% of rev.) +19% +19% +35% 51.1 46.9 6.7 42.8 39.5 4.9 +14.3% +12.5% FY 20 FY 21 FY 20 FY 21 FY 20 FY 21 • Growth contribution from • Execution of very strong order •
Slide 20: Smart Infrastructure (SI): Top line returning to pre-Covid levels
Smart Infrastructure (SI): Top line returning to pre-Covid levels with underlying margin recovery figures in billion INR New Orders Revenue EBITDA (% of rev.) +24% +29.5% +52% +106% 40.4 38.9 3.8 32.5 25.7 1.9 +9.8% +7.2% FY 20 FY 21 FY 20 FY 21 FY 20 FY 21 • Increased off takes by OEMs, • High grow
Slide 21: Digital Industries (DI): Broad-based volume surge driving margin up
Digital Industries (DI): Broad-based volume surge across main verticals driving margin up figures in billion INR New Orders Revenue EBITDA (% of rev.) +52% +58% +79% 30.0 29.2 2.6 19.8 18.5 1.4 +8.8% +7.7% FY 20 FY 21 FY 20 FY 21 FY 20 FY 21 • High customer demand across • Healthy Order backlog and
Slide 22: Mobility (MO): Sharp increase in orders while revenue and profitability muted
Mobility (MO): Sharp increase in orders while revenue and profitability muted figures in billion INR New Orders Revenue EBITDA (% of rev.) +63% -2% -14% 14.2 8.4 8.2 1.1 1.0 8.7 +13.3% +11.8% FY 20 FY 21 FY 20 FY 21 FY 20 FY 21 • Key orders in FY 21 from • Revenue decline in Loco- • Lower revenue an
Slide 23: Agenda
Agenda Business highlights Financial highlights Outlook Page 22 Unrestricted | © Siemens 2021 | 2021-12-03 | FY 2021 Analyst Call
Slide 24: Long term growth intact | NIP and PLI driving investments
Long term growth intact | NIP and PLI driving investments GDP in USD at current prices National Infrastructure Pipeline Actual IMF Oct ’21 forecast • Master plan to drive Infrastructure growth | Major investments from Centre and State governments 3'''8 3'''5 • Opportunities in Ports, Airports, Metro
Slide 25: Government pushing investments in infrastructure; India Inc. focusing on local manufacturing
Government pushing investments in infrastructure India Inc. focusing on local manufacturing Industrial CPP 1) driving demand | Growth in Data Centers, Generation Investments in clean energy Buildings E-commerce ➔ Renewables to drive grid stability eV sales growing under FAME 3), Transmission project
Slide 26: Our DEGREE Framework sets clear priorities for Sustainability at Siemens
Our DEGREE Framework sets clear priorities for Sustainability at Siemens Page 25 Unrestricted | © Siemens 2021 | 2021-12-03 | FY 2021 Analyst Call
Slide 27: We support our customers decarbonize their operations
We support our customers Decarbonize their operations E-Ferries Energy efficiency Waste Heat Recovery e.g. Cochin Shipyard e.g. A busy Indian Airport e.g. Large Cement producer Electric Propulsion and Energy Storage to ensure Chiller plant optimization using AI based Industrial customers utilizing t
Slide 28: Siemens Ltd. is well positioned in all verticals for profitable growth!
Siemens Ltd. is well positioned in all verticals for profitable growth ! Energy Infrastructure Industry Railway / Metro • Industrial Captive Power • Opportunities from • Increased PLI led Capex • Electrification and Generation, WHR 1) (e.g. National Infrastructure investments Signalling in Railways
Slide 29: Thank you
Thank you Q A Page Page 28 Unrestricted | © Siemens 2021 | 2021-12-03 | FY 2021 Analyst Call