Siemens Energy AG · XETR:ENR
Siemens Energy — FY2020 Earnings Presentation
23 slides from Siemens Energy's earnings presentation, Nov 10, 2020
Slide 1: Successful spin-off and solid fourth quarter
Successful spin-off and solid fourth quarter Annual Press Conference for fiscal 2020 Munich, November 10, 2020 Christian Bruch, President and CEO Siemens Energy AG Maria Ferraro, CFO Siemens Energy AG Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Slide 2: Information and forward-looking statements
Information and forward-looking statements This document contains statements related to our future business and financial Siemens Energy neither intends, nor assumes any obligation, to update or revise performance, and future events or developments involving Siemens Energy that these forward-looking
Slide 3: Christian Bruch
Christian Bruch President and CEO Siemens Energy AG Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Slide 4: Fiscal year 2020
Fiscal year 2020 Orders Revenue Adj. EBITA before SI (in € bn) (in € bn) €(17) m Resilient operating +1% (5)% performance – 33.7 34.0 guidance achieved 28.8 27.5 Free Cash Flow pre tax FY19 FY20 FY19 FY20 €977 m COVID-19 Continuous customer support Focus on employee safety Spin-off triggers Spin-off
Slide 5: Fourth quarter in FY2020
Fourth quarter in FY2020 Orders Revenue Adj. EBITA before SI (in € bn) (in € bn) (24)% €70 m (8)% Key figures 9.2 8.3 7.6 7.0 Free Cash Flow pre tax Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20 €704 m Spin-off completed Successful listing at Frankfurt Stock Exchange on September 28 Markets stabilizing Market env
Slide 6: Executing our strategy: Energy of Tomorrow
Energy of Tomorrow Executing our strategy We energize society Leading the Energy Transformation Accelerating Impact • Most valued energy technology • Focus and deliver on the company fundamentals • Electrifying countries and • Co-create innovations with industries customers and partners • Act as dat
Slide 7: Executing our strategy: Phase 1 Accelerating Impact
Executing our strategy: Phase 1 Accelerating Impact • Optimize cost structures in the organisation Focus and deliver on • Streamline portfolio fundamentals • Project excellence; reduce non-conformance costs • Optimize supply chains • Focus on health and safety: zero accidents! Examples: Co-create in
Slide 8: Important projects in FY2020
Important projects in FY2020 Growth in transmission Solutions for Emission-free Highly efficient Industrial Applications power generation energy technologies © Total Order of our customer TenneT Siemens Energy will deliver innogy selects Siemens Gamesa Siemens Energy and Kineticor for the 7th offsho
Slide 9: Maria Ferraro
Maria Ferraro CFO Siemens Energy AG Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Slide 10: Siemens Energy Reporting Structure
Siemens Energy Reporting Structure Siemens Energy AG Reportable segments Siemens Gamesa Gas and Power (GP) Renewable Energy (SGRE) Divisions Business Units Industrial Generation Transmission Onshore Offshore Service Applications Annual Press Conference 2020 10 2020-11-10 Siemens Energy is a register
Slide 11: Siemens Energy Group at a glance Fiscal Year 2020
Siemens Energy Group at a glance Fiscal Year 2020 Orders (in € bn) Revenue (in € bn) Adj. EBITA before SI (in € m) n/a +1% (5)% 33.7 34.0 1,517 28.8 27.5 +5.3% (0.1)% (17) FY19 FY20 FY19 FY20 FY19 FY20 Order Backlog1 Book-to-Bill Ratio Free Cash Flow2 €79 bn 1.24 €977 m FY19: €77 bn FY19: 1.17 FY19:
Slide 12: Siemens Energy Group at a glance Q4 FY2020
Siemens Energy Group at a glance Q4 FY2020 Orders (in € bn) Revenue (in € bn) Adj. EBITA before SI (in € m) (24)% (87)% 10.0 (8)% 9.2 9.4 523 8.3 7.6 7.0 7.6 6.4 6.8 6.7 200 +6.3% (1.2)% (3.2)% 70 +2.9% +0.9% (74) 213 Q4 FY19 Q1 Q2 Q3 Q4 FY20 Q4 FY19 Q1 Q2 Q3 Q4 FY20 Q4 FY19 Q1 Q2 Q3 Q4 FY20 • High
Slide 13: Special Items: Reconciliation of Adj. EBITA before Special Items
Special Items Reconciliation of Adj. EBITA before Special Items (€ m) Gas and Power • Restructuring costs In € m Q4 FY19 Q4 FY20 FY19 FY20 Takes into account the partial closure of the Gas and Power site in Le Havre and further progress on Adj. EBITA before Special Items 283 43 836 254 existing prog
Slide 14: Gas and Power at a glance Fiscal Year 2020
Gas and Power at a glance Fiscal Year 2020 Orders (in € bn) Revenue (in € bn) Adj. EBITA before SI (in € m) (9)% (70)% (3)% 21.2 836 19.3 18.7 18.1 +4.5% 254 +1.4% FY19 FY20 FY19 FY20 FY19 FY20 Order Backlog1 Book-to-Bill Ratio Free Cash Flow2 €48 bn 1.07 €536 m FY19: €52 bn FY19: 1.13 FY19: €651 m
Slide 15: Gas and Power at a glance Q4 FY2020
Gas and Power at a glance Q4 FY2020 Orders (in € bn) Revenue (in € bn) Adj. EBITA before SI (in € m) (27)% (85)% (11)% 6.1 283 5.4 5.4 5.4 4.6 4.8 199 4.4 4.4 4.3 4.1 +5.2% 67 +4.3% 43 (1.3)% +0.8% +1.5% (55) Q4 FY19 Q1 Q2 Q3 Q4 FY20 Q4 FY19 Q1 Q2 Q3 Q4 FY20 Q4 FY19 Q1 Q2 Q3 Q4 FY20 • High base of c
Slide 16: Focused on Sustainable Shareholder Value Creation
Focused on Sustainable Shareholder Value Creation 1 Strong business foundation with large order backlog and resilient service business Siemens Energy 2 Clear path to margin improvement with ongoing cost programs Value creation 3 Asset excellence – Cash upside from rigorous working capital management
Slide 17: Christian Bruch
Christian Bruch President and CEO Siemens Energy AG Annual Press Conference 2020 17 2020-11-10 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Slide 18: Sustainability is at the core of our actions
Sustainability is at the core of our actions We are committed to the UN‘s Climate neutral in own operations by 2030 Sustainable Development Goals 100% of own power Green electricity consumption by 2023 published first time in Sustainability report December 2020 exiting new business; compliance Clear
Slide 19: Coal strategy – step by step towards a sustainable portfolio
Coal strategy – 1 Effective immediately, we will no longer participate in new tenders for pure coal-fired power plants. step towards a sustainable portfolio 2 Existing commitments for coal-fired power plant projects will be honored 3 Service and solutions for existing plants will continue with a foc
Slide 20: €1 billion annual R&D investment; green hydrogen economy
H2 €1 billion Focus on Developing a green annual investment sustainability hydrogen in Research and and service economy Development Annual Press Conference 2020 20 2020-11-10 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Slide 21: Outlook for FY2021 confirmed
Outlook for FY2021 confirmed Revenue1 Adj. EBITA margin before Special Items1 2 – 12% 3 – 5% 1 detailed outlook and Financial Framework: https://assets.siemens-energy.com/siemens/assets/api/uuid:f8a891b0-7f76-4e87-9e37-efff0baa0138/siemensenergy-prospectus.pdf Annual Press Conference 2020 21 2020-11
Slide 22: Questions & answers
Questions & answers Christian Bruch and Maria Ferraro Annual Press Conference 2020 22 2020-11-10 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Slide 23: Financial calendar and Media Relations contact
Financial calendar 2020 2021 November 10 February 02 February 10 May 05 August 04 Annual Press Q1 Siemens Energy Q2 Q3 Conference FY2021 AGM FY2021 FY2021 Contact Media Relations Robin Zimmermann Tim Proll-Gerwe Head of Communications Head of Media Relations siemens-energy.com Mobil: +49 172 5676 99