Siemens Limited · NSE:SIEMENS
Siemens — Investor Presentation (December 2023)
37 slides from Siemens's investor presentation, Dec 21, 2023
Slide 1: Exchange filing cover letter
21st December, 2023 National Stock Exchange of India Limited BSE Limited Scrip Code – National Stock Exchange of India Limited: SIEMENS EQ BSE Limited: 500550 Information pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir / Madam
Slide 2: Welcome to Siemens
Welcome to Siemens Analyst Meet | Mumbai | 21.12.2023
Slide 3: Disclaimer
Disclaimer This presentation has been prepared solely for use at the investor/analyst meet. 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 Limited ("Siemens" or "Company") cannot give ass
Slide 4: Powerful finish to fiscal year
Powerful finish to fiscal year Siemens Limited | FY23 Analyst Call Sunil Mathur, Managing Director & Chief Executive Officer Daniel Spindler, Executive Director & Chief Financial Officer Unrestricted | © Siemens 2023 | 2023-12-21 | FY23 Analyst Meet
Slide 5: Business highlights, Financial highlights, Outlook
Business highlights Financial highlights Outlook Unrestricted | © Siemens 2023 | 2023-12-21 | FY23 Analyst Meet
Slide 6: Indian economy resilient on strong macro fundamentals
Indian economy resilient on strong macro fundamentals • High-frequency indicators show broad based momentum • GDP, IIP, Manufacturing PMI • Stable inflation, interest rates • Commodity prices have softened • Steel, Crude, Brent • Strong boost in public capex on infrastructure • Rail, Roads & Highway
Slide 7: Three years ago, we launched our strategy as a leading technology company
Three years ago, we launched our strategy as a leading technology company to combine the real and the digital worlds. Roland Busch Page 6 Unrestricted | © Siemens 2023 | 2023-12-21 | FY23 Analyst Meet
Slide 8: Thinking industry further
| Thinking industry further Factory Automation Process Automation Motion Control Customer Services Verticals Automotive Pharma F&B Chemicals Machine Intralogistics Water EV Data Center building Page 7 Unrestricted | © Siemens 2023 | 2023-12-21 | FY23 Analyst Meet
Slide 9: Industrial Operations X
| Industrial Operations X Key Projects Opportunities • PLI schemes to boost manufacturing • Industry 4.0 adoption • High-end machine building and digitalization Leading Metal producer Leading four-wheeler manufacturer Unique combination of Domain, Process & ‘Virtual Industrial EDGE’ restored product
Slide 10: Creating environments that care
| Creating environments that care Electrification Electrical Regional Building Grid eMobility and Automation Products Solutions and Products Software Services Verticals T&D Utilities Data Centers Airports Metros Commercial EV Industries Buildings Page 9 Unrestricted | © Siemens 2023 | 2023-12-21 | F
Slide 11: Building a sustainable future
| Building a sustainable future Key Projects Opportunities • Investments in Data Centers, Commercial buildings • Industrial infrastructure; growth in Metals, Cement, O&G, E-Mobility • Upgradation of Large CoLo & Hyperscale Data Center Premium commercial estate developer distribution utilities Unique
Slide 12: Moving beyond
| Moving beyond Rail Infrastructure Rolling Stock Turnkey Customer Services Page 11 Unrestricted | © Siemens 2023 | 2023-12-21 | FY23 Analyst Meet
Slide 13: Mega projects propelling growth
| Mega projects propelling growth Key Projects Opportunities • E-locomotives • Propulsion systems • Trainsets • Metro projects • Bogies Indian Railways Metro - Ahmedabad, Surat, Mumbai Propulsion system for 6000 HP Electrification Page 12 Unrestricted | © Siemens 2023 | 2023-12-21 | FY23 Analyst Mee
Slide 14: Comprehensive portfolio for Transmission Utilities, IPP, TSO and Industries
| Comprehensive portfolio for Transmission Utilities, IPP1), TSO2) and Industries Grid Technologies, 66 kV-800 kV Transformation of Industry Gas Services Project Management Hub High Voltage High Voltage Electrification, Automation & Services Generation, Transmission & GIS3) AIS4) Digitalization solu
Slide 15: Continued momentum from energy demand and transition
| Continued momentum from energy demand and transition Key Projects Opportunities • Renewable integration: Growth in transmission network • Modernization & Upgrades of ageing Fleet of Large Steam turbines Leading national transmission operator Industrial Conglomerate 26x 500 MVA, 765 kV Transformers
Slide 16: Transforming the everyday
| Promoter shareholders of Siemens Limited Siemens AG • Purchased 18% equity in Siemens Limited from Siemens Energy • Intends to demerge Siemens Energy in India into a stock market listed entity in 2025 Board of Siemens Limited • Authorized to commence exploratory steps to examine potential demerger
Slide 17: Siemens is the partner of choice in digital transformation
Siemens is the partner of choice in digital transformation Siemens Xcelerator Food & Commercial Beverage Buildings Data Power Centers Utilities Ecosystem Partners Use-cases + References Key Verticals Page 16 Unrestricted | © Siemens 2023 | 2023-12-21 | FY23 Analyst Meet
Slide 18: Siemens Xcelerator and vertical know-how drive customer value
Siemens Xcelerator and vertical know-how drive customer value Steel Manufacturer Cable Equipment Manufacturer Leading FMCG company Reduced in-bound logistics cost; Enhanced Overall Equipment Effectiveness Increased product quality consistency; improved turn-around-time and traceability (OEE) of mach
Slide 19: Siemens helps customers incorporate Sustainability in their Business
Siemens helps customers incorporate Sustainability in their Business Hospitality customer F&B customer E-mobility customers Driving energy efficiency to reach Carbon Saving energy through Pay-As-You-Save Acquisition of EV charger division of Mass- Neutrality goals model Tech Controls Private Limited
Slide 20: Our DEGREE framework sets clear priorities for sustainability
Our DEGREE framework sets clear priorities for our sustainability journey Sustainability business D Decarbonization Share of renewables in energy E Ethics 40% consumed G Governance Reduction in FY23 Scope 1 + 2 50% carbon emissions (from FY19) R Resource efficiency E Equity 0 Plastic waste to landfi
Slide 21: Business highlights, Financial highlights, Outlook
Business highlights Financial highlights Outlook Unrestricted | © Siemens 2023 | 2023-12-21 | FY23 Analyst Meet
Slide 22: All-time-high orders paired with strong revenue growth
All-time-high orders paired with strong revenue growth achieving consistently double-digit profitability & excellent cash flow New Orders Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) +138.8% +21.3% +12.7% Profit before Tax Profit after Tax Cash from (% of revenue) (% of revenue) Operations (in bill
Slide 23: Last quarter finished with strong trajectory in profitable growth
Last quarter of financial year 23 finished with a strong trajectory in profitable growth New Orders Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) +12.2% +25.0% +11.9% Profit before Tax Profit after Tax Earnings per Share (% of revenue) (% of revenue) (in INR) +13.4% +10.1% ₹ 15 Page 22 Unrestricted
Slide 24: Strong y-o-y order growth due to robust base business and large orders
Strong y-o-y growth continued due to robust base business and large orders y-o-y development figures in billion INR +491.3% Surge in order backlog (455.2) +5.7% +5.9% +12.2% Strong growth momentum in +25.4% base business Multiple large orders in 311.5 MO, SI and SE 54.5 52.9 45.0 (9K HP Loco 263.1 i
Slide 25: Very strong double-digit y-o-y revenue growth for several quarters
Very strong double-digit y-o-y growth has repeated for several quarters in a row y-o-y development figures in billion INR Highest absolute revenue + +25.0% in Q4 FY 23 +28.8% +14.0% Stringent order backlog +10.8% execution led to steady +17.2% revenue increases Book-to-bill of 2.62 trends 53.0 44.0
Slide 26: Domestic and export business mix
Further expanding strong domestic business while maintaining similar business mix as in previous years % of Revenue Domestic & Export Business Mix Export Project Domestic Product and Service 17.8% 15.4% 30.5% 30.6% 82.2% 84.6% 69.5% 69.4% FY 22 FY 23 FY 22 FY 23 Page 25 Unrestricted | © Siemens 2023
Slide 27: Profitability maintained well above 12%
Profitability maintained well above +12% (without FX & commodity impact) % of revenue figures in billion INR Profit w/o FX & commodity: +11.9% (in % of Revenue) FY 22: +12.4 +15.3% +12.6% FY 23: +12.4 +11.5% +11.1% Operational margins remain on constant levels (NCCs low) +6.3 +5.5 +5.6 +4.7 +5.0 Bet
Slide 28: Stable EBITDA margin eliminating FX and commodity hedging impact
Stable EBITDA margin maintained for FY 23 eliminating FX & Commodity hedging impact figures in million INR FY 22 FY 23 H2 FY 22 H2 FY 23 Revenue 145,881 177,007 81,014 97,039 EBITDA as reported +16,070 +22,402 +8,486 +11,360 % of revenue +11.0% +12.7% +10.5% +11.7% Included: FX gains (+)/ losses (-)
Slide 29: Operational margin quality improved
Operational margin quality improved on account of better volume mix and better price extraction figures in billion INR +14.4% +8.4 +2.3 +11.5% +1.1 +1.5 -1.9 -2.8 +25.5 +16.8 * PBT = Profit before Tax (on continuing operations) PBT Volume Employee Other FX gains Commodity Other PBT FY 22 mix and ben
Slide 30: Digital Industries: FY order performance impacted by advance orderings
FY 23 order performance impacted by advance orderings delivering very solid bottom line New Orders figures in billion INR +4% +25% 16.3 45.9 47.5 13.7 • Book-to-bill at 1.10 9.3 8.3 6.7 • Stable y-o-y growth on account of normalization of automation demand FY 22 FY 23 Q4 Q1 Q2 Q3 Q4 FY 22 FY 23 FY 2
Slide 31: Smart Infrastructure: very strong top line development
FY 23 very strong top line development leading to consistently improved margin quality New Orders figures in billion INR +23% +25% 17.2 17.1 18.2 • Book-to-bill at 1.22 65.6 52.6 13.2 10.7 • Strong double-digit orders growth driven by Electrification and Electrical Products FY 22 FY 23 Q4 Q1 Q2 Q3 Q
Slide 32: Mobility: success in large orders, record-high backlog
Success in large Orders leading to record-high backlog while margins impacted by ramp-up and R&D expenses figures in billion INR New Orders -55% +746% 263.4 283.0 13.7 • Solid orders growth 33.4 7.2 primarily out of large orders 2.7 3.2 in Rolling Stock and Rail Infrastructure segments FY 22 FY 23 Q
Slide 33: Energy: favorable conditions led to top line growth
Favorable conditions in key markets led to top line growth and continuous margin expansion figures in billion INR New Orders +30% +9% 20.3 18.3 17.4 62.3 67.7 15.6 • Book-to-bill at 1.13 11.7 • Significant orders growth in Oil & Gas, Transformers and Transmission segments FY 22 FY 23 Q4 Q1 Q2 Q3 Q4
Slide 34: Siemens Ltd. – Standalone and Consolidated
Siemens Ltd. – Standalone and Consolidated SRAPL and C&S subsidiaries contributing to strong performance of Group figures in million INR Inter- company SL C&S SRAPL Total Consolidated elimination and PPA* (a) (b) (c) (d) = (a)+(b)+(c) (e) (f) = (d)-(e) New Orders 463,829 16,780 2,541 483,150 -1,155
Slide 35: Business highlights, Financial highlights, Outlook
Business highlights Financial highlights Outlook Unrestricted | © Siemens 2023 | 2023-12-21 | FY23 Analyst Meet
Slide 36: Growth momentum to continue
| Growth momentum to continue • Global geopolitical and economic environment is volatile • Indian economy is resilient and will continue to grow; though General Elections may delay large public tenders • Emerging verticals (Semiconductors, Batteries, Electric Vehicles) • Continued focus on localizat
Slide 37: SIEMENS
SIEMENS