Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Investor Day (March 2010)
17 slides from Siemens Aktiengesellschaft's investor day presentation, Mar 26, 2010
Slide 1: Siemens Industry – Drive Technologies Division
Siemens Industry – Drive Technologies Division Klaus Helmrich CEO Drive Technologies Division Capital Market Days 'Industry' Munich, March 26, 2010 Copyright © Siemens AG 2010. All rights reserved
Slide 2: Safe Harbour Statement
Safe Harbour Statement This document contains forward-looking statements and information – that is, statements related to future, not past, events. These statements may be identified by words such as "expects," "looks forward to", "anticipates", "intends", "plans", "believes", "seeks", "estimates",
Slide 3: DT is #1 for entire drive train offerings
DT is #1 for entire drive train offerings Drive Technologies portfolio Drive Technologies market segments Manufacturing Process Energy / Industries Industries Infrastructure Gears Motors Inverters MC Revenue 2009 systems 1) 30% 30% 40% Entire drive train DT total market 2009 Power range from 100 W
Slide 4: Despite the sharp downturn, we have moved quickly…
Despite the sharp downturn, we have moved quickly… Behavior of DT market segments Development of DT headcount -6% Energy, Infrastructure -5% Growth Process industries 2008 2009 2010E 2011E DT capacity utilization (in %) Decline Manufacturing industries Normal 2008 2009 2010E output level 2008 2009 2
Slide 5: … and set the basis for future success
… and set the basis for future success Comprehensive Division program Global footprint Optimized Adapt capacity in HCC 1) manufacturing flow (e.g. Germany: reduce ~650 employees) Strengthen local added value in LCC 2) (e.g. China: additional 130 PM3) and R&D employees planned by next year) Facto
Slide 6: DT posted strong financials in 2009 and has strengthened its #1 position
DT posted strong financials in 2009 and has strengthened its #1 position Fiscal Year First Quarter €bn New 9.4 2.1 Orders 6.5 1.6 2008 2009 Q1 2009 Q1 2010 €bn Revenue 8.4 7.5 2.1 1.5 2008 2009 Q1 2009 Q1 2010 €m 15.2% 12.6% 11.1% 11.0% Profit (% of Rev.) 1,279 260 836 166 2008 2009 Q1 2009 Q1 2010
Slide 7: Despite tough conditions – DT has a strong focus on the future
Despite tough conditions – DT has a strong focus on the future R&D expenditure 'Strengthen future market position' in % of revenue Continued investment in innovation 3.0 Average product age < 5 years Innovations in over 80 product families within next two years 2008 2009 2010 Division progra
Slide 8: DT offerings aim at answering the changing needs of our core customer groups
DT offerings aim at answering the changing needs of our core customer groups Productivity Energy efficiency Reliability Growth levers and DT's key answers LI TY QUA OVED R APP Optimized engineering Environmental portfolio DT as reliable partner Seamless data transfer Wind gears / generators Hi
Slide 9: Customer needs are driving our sales success
Customer needs are driving our sales success Productivity Energy efficiency Reliability Milling machine for turbines Energy savings for prime Traction system for high- bottling systems speed train 'Velaro E' High-end CNC system for Toolbox for plant energy self Decentralized drive systems 5-ax
Slide 10: We have aggressively enhanced our emerging market profile…
We have aggressively enhanced our emerging market profile… Regional strategy Emerging market footprint today Developed markets 14 plants (e.g. Nanjing: production area 'Keep front-end at customer, transfer more than tripled since 2005) production to adjacent low cost countries' Over 10,000 emplo
Slide 11: …and localized our added value
…and localized our added value Example: CNC standard business Local business responsibility Location: Nanjing, China Started October 2009 Full local added value Regional product management, R&D and production Local sourcing Dual market approach 'High volume customers' via Siemens account m
Slide 12: We are continuing on our successful path of profit and growth
We are continuing on our successful path of profit and growth We have strengthened our business to remain #1 worldwide DT is gearing its operational excellence towards the changed market conditions Looking ahead, we are addressing global megatrends and continue to drive profitable growth We are stea
Slide 13: Reconciliation and Definitions for Non-GAAP Measures (I)
Reconciliation and Definitions for Non-GAAP Measures (I) To supplement Siemens’ Consolidated Financial Statements presented in accordance with International Financial Reporting Standards, or IFRS, Siemens presents the following supplemental financial measures: New orders and order backlog Adjust
Slide 14: Reconciliation and Definitions for Non-GAAP Measures (II)
Reconciliation and Definitions for Non-GAAP Measures (II) New orders and order backlog (continued) New orders are generally recognized immediately when the relevant contract becomes legally effective and binding. The only exception are orders with short overall contract terms. In this case, a separa
Slide 15: Reconciliation and Definitions for Non-GAAP Measures (III)
Reconciliation and Definitions for Non-GAAP Measures (III) Return on equity, or ROE In line with common practice in the financial services industry, Siemens Financial Services (SFS) uses return on equity, or ROE, as one of its key profitability measures. Siemens defines ROE as annualized Income befo
Slide 16: Reconciliation and Definitions for Non-GAAP Measures (IV)
Reconciliation and Definitions for Non-GAAP Measures (IV) EBITDA (adjusted) and EBIT (adjusted) Siemens defines EBITDA (adjusted) as EBIT (adjusted) before amortization (which in turn is defined as Amortization and impairments of intangible assets other than goodwill) and Depreciation and impairment
Slide 17: Reconciliation and Definitions for Non-GAAP Measures (V)
Reconciliation and Definitions for Non-GAAP Measures (V) Limitations Associated with Siemens’ Supplemental Financial Measures The supplemental financial measures reported by Siemens may be subject to limitations as analytical tools. In particular: With respect to adjusted or organic growth rates o