Slide 1: Stock exchange intimation letter on analyst call recording
14th May, 2024 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, Pur
Slide 2: Welcome to Siemens
Welcome to Siemens Analyst Call | Mumbai | 14.05.2024 Page 1 Unrestricted | © Siemens 2024 | 2024-05-14 | Analyst Call
Slide 3: Disclaimer
Disclaimer This presentation has been prepared solely for use at the investor/analyst call. By attending the call 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 assura
Slide 4: Resilience in Global economy; India maintains growth momentum
Resilience in Global economy; India maintains growth momentum ❑ Global Economy recovering well ❑ Indian Economy • Maintains strong performance and growth momentum • GDP growth (FY25 - 7%) 1, IIP (147.2) 2, Manufacturing PMI (59.12) 3 • Stable inflation: 4.9% 3, interest rates: 6.5% 3 • Capacity util
Slide 5: Siemens' Key Markets growing
Siemens’ Key Markets growing ❑ Strong Vertical market indicators: • Core Verticals: Data Centers, Power Utilities (T&D), Metals, Cement, Automotive, E-Vehicles, Pharma • Railways continue ordering Rolling Stock, Signaling and Electrification projects • Emerging Verticals: Semiconductors, Batteries,
Slide 6: Q2 FY 24: Strong revenue growth with high profitability
Q2 FY 24: Strong revenue growth with high profitability New Orders Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) -83.4% +19.3% +15.0% Profit before Tax Profit after Tax Earnings per Share (% of revenue) (% of revenue) (in INR) +22.2% +17.1% ₹ 25.2 Page 5 Unrestricted | © Siemens 2024 | 2024-05-14 |
Slide 7: H1 FY 24: Strong performance with profitability above 12%
H1 FY 24: Strong performance with profitability above 12%, book-to-bill > 1, cash improved New Orders Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) -69.5% +20.6% +13.6% Profit before Tax Profit after Tax Cash from (% of revenue) (% of revenue) Operations (in billion INR) +18.5% +14.1% ₹4.3 Page 6 Un
Slide 8: Siemens is investing: Expansion of the GIS Factory in Goa
Siemens is investing: Expansion of the GIS Factory (SI) in Goa • Localization, Sustainability, technology upgradation! • Capacity expansion • Investment: ~ INR 3.3 billion • Go Live: Dec ’26 Page 7 Unrestricted | © Siemens 2024 | 2024-05-14 | FY24 Analyst Meet
Slide 9: Siemens is investing: Metro train manufacturing in Aurangabad
Siemens is investing: Metro train manufacturing in MO, Aurangabad • A global hub: will serve Australia, ME, Asia • Investment: ~ INR 1.9 billion • Go Live: FY 27 Page 8 Unrestricted | © Siemens 2024 | 2024-05-14 | FY24 Analyst Meet
Slide 10: Proposed Demerger of Energy Business
Proposed Demerger of Energy Business Page 9 Unrestricted | © Siemens 2024 | 2024-05-14 | Analyst Call
Slide 11: Siemens Limited – An Overview
Siemens Limited – An Overview Proposed Demerger of Energy Business Energy Business Highlights Other Business Segments Highlights Financial Overview Page 10 Unrestricted | © Siemens 2024 | 2024-05-14 | Analyst Call
Slide 12: Siemens Limited | FY 2023 – An Overview
Siemens Limited | FY 2023 – An Overview Businesses Digital Industries Smart Infrastructure Mobility Energy Proposed to be demerged New Orders INR 47.5 Bn INR 65.6 Bn INR 283 Bn INR 67.7 Bn Sales INR 43.4 Bn INR 54.0 Bn INR 19.7 Bn INR 59.9 Bn EBITDA Margin 14.8% 13.6% 3.5% 12.7% Page 11 Unrestricted
Slide 13: Siemens Limited – An Overview
Siemens Limited – An Overview Proposed Demerger of Energy Business Energy Business Highlights Other Business Segments Highlights Financial Overview Page 12 Unrestricted | © Siemens 2024 | 2024-05-14 | Analyst Call
Slide 14: Transaction Overview
Transaction Overview Siemens Limited (“SL”) to demerge its Energy Business into a separately listed entity, Siemens Energy India Limited (“SEIL”) Transaction Structure Structure Post Demerger Public Public Public 69.0% 25.0% 69.0% 6.0% 25.0% 6.0% 69.0% 6.0% 25.0% 2 100% Siemens Energy Siemens Energy
Slide 15: Strategic Rationale
Strategic Rationale Two strong and independent companies Siemens Limited Siemens Energy India Limited ▪ A leading technology-focused company in Industry, Infrastructure and Mobility ▪ Aims to become the most valued energy technology company ▪ Empowering customers to transform their industries and ▪
Slide 16: Key Milestones and Indicative Timelines
Key Milestones and Indicative Timelines Stock NCLT Application NCLT Petition & Listing & Exchange / & Shareholder / Board Approval Regulatory Trading SEBI Creditor Approvals Approvals Approvals Approvals SL expects to complete the demerger and listing in CY 2025 Page 15 Unrestricted | © Siemens 2024
Slide 17: Siemens Limited – An Overview
Siemens Limited – An Overview Proposed Demerger of Energy Business Energy Business Highlights Other Business Segments Highlights Financial Overview Page 16 Unrestricted | © Siemens 2024 | 2024-05-14 | Analyst Call
Slide 18: Siemens Energy India | Investment Highlights
Energy | Investment Highlights 1 India: Strong macros and mega reforms shaping the energy market Siemens 2 Highly attractive growth opportunities in sustainable technology solutions Energy India 3 Technology leadership and comprehensive product portfolio Limited 4 Prudent capital allocation to fuel
Slide 19: India: Strong macros and mega reforms shaping the energy market
1 India: Strong macros and mega reforms shaping the energy market 5th largest economy, expected to become Mega Reforms Shaping the Energy Market the 3rd largest economy in the world, with a GDP of USD 5 Tn in next 3 years National Infrastructure pipeline ~INR 110 Tn capex until 2025, 24% allotted to
Slide 20: Highly attractive growth opportunities in sustainable technology solutions
2 Highly attractive growth opportunities in sustainable technology solutions India Energy Market Outlook1) (in GW) SE India opportunities until 2030 RE Coal + Lignite Gas Others CAGR Installed Capacity in GW 21-30 RE Transmission2) 820 9% 610 RE – 500 GW 500 14% Wind – 140GW 428 329 PV – 280GW 393 1
Slide 21: Technology leadership and comprehensive product portfolio
3 Technology leadership and comprehensive product portfolio Grid Technologies, 66 kV-800 kV Transformation of Industry Gas Services Project Management Hub High Voltage High Voltage Electrification, Automation & Services Generation, Transmission & GIS1) AIS2) Digitalization solutions Gas Turbines Ind
Slide 22: Prudent capital allocation to fuel growth
4 Prudent capital allocation to fuel growth Q1 Key Projects Announced Capex Energy business plans to double its power transformer production capacity at a cost of INR 3,600 Mn Leading oil explorer and producer Leading power producer 30,000 SGT A-20 turbines 400 KV GIS Modernization & Upgradation of
Slide 23: Siemens Limited – An Overview
Siemens Limited – An Overview Proposed Demerger of Energy Business Energy Business Highlights Other Business Segments Highlights Financial Overview Page 22 Unrestricted | © Siemens 2024 | 2024-05-14 | Analyst Call
Slide 24: Siemens Limited | Business Overview
Siemens Limited | Business Overview Digital Industries Smart Infrastructure Mobility Consulting and supporting customers Intelligently connects energy systems, Shaping connected mobility for rail from the discrete and process buildings and industries, enhancing and road, enabling mobility operators
Slide 25: Product spectrum and Opportunities across businesses
Siemens Limited | Product spectrum and Opportunities across businesses accelerating growth Digital Industries Opportunities: • Announced outlay by GoI of ~INR 2 trillion for implementing PLI Schemes for 14 key manufacturing sectors Factory Process Motion Customer • Industry 4.0 adoption Automation A
Slide 26: Siemens India will drive Digitalization via Siemens Xcelerator
Siemens India will drive Digitalization of Industrial business via Siemens Xcelerator 108x Use cases across enterprises & verticals By combining the real Digital Industries Ecosystem Partners and the digital worlds, Batteries Chemical we support our customers 1 Water 6 along key impact areas. 10 Rea
Slide 27: Siemens Limited – An Overview
Siemens Limited – An Overview Proposed Demerger of Energy Business Energy Business Highlights Other Business Segments Highlights Financial Overview Page 26 Unrestricted | © Siemens 2024 | 2024-05-14 | Analyst Call
Slide 28: Energy: Robust financial performance
Energy: Robust financial performance figures in billion INR New Orders +9% +12% 28.2 62.3 67.7 17.4 20.3 19.6 • Book-to-bill at 1.20 11.7 • Double digit growth in orders for Q2 FY 24 due to growth in Q2 Q3 Q4 Q1 Q2 Grid Technologies and Gas FY22 FY23 FY23 FY23 FY23 FY24 FY24 services Revenue • Stabl
Slide 29: Financial Overview | Digital Industries, Smart Infrastructure and Mobility
Financial Overview | Digital Industries, Smart Infrastructure and Mobility figures in billion INR * +4% +25% +6% +746% -98% -26% New Orders 45.9 47.5 29.9 65.6 34.3 36.4 283.0 263.4 52.6 33.4 5.2 22.2 FY 22 FY 23 H1 FY 23 H1 FY 24 FY 22 FY 23 H1 FY 23 H1 FY 24 FY 22 FY 23 H1 FY 23 H1 FY 24 +20% +15%
Slide 30: Carve-Out Financials | SL (ex-Energy Business) and Energy Business
Carve-Out Financials | SL (ex-Energy Business) and Energy Business for H1FY24 figures in billion INR SEIL / Energy SL excl. Energy Siemens Ltd. Business Business Particulars (Pre-Demerger) Particulars (Post-Demerger) (Post-Demerger) FY23 H1 FY24 FY23 H1 FY24 FY23 H1 FY24 Order Book 455.2 469.8 Order
Slide 31: In summary …
In summary … • Global economy recovering; Indian economy robust; Vertical markets on growth path with major investment by large players • Base effect in new orders due to Mega Project in H1 FY23; Year end Order Income growth plans intact • Robust revenue and profitability in H1 FY24 • CAPEX of over
Slide 32: Page 31 Unrestricted | © Siemens 2024 | 2024-05-14 | Analyst Call
Page 31 Unrestricted | © Siemens 2024 | 2024-05-14 | Analyst Call