Siemens Energy Ag · XETR:ENR
Siemens Energy — Investor Day (2020)
13 slides from Siemens Energy's investor day presentation, 2020
Slide 1: Capital Market Day 2020 – Service Section
Capital Market Day 2020 Service Section Tim Holt, Member of the Executive Board of Siemens Energy Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Slide 2: Notes and forward-looking statements (I)
Notes and forward-looking statements (I) This presentation and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy or subscribe for any securities of Siemens AG or Siemens Energy AG. This prese
Slide 3: Notes and forward-looking statements (II)
Notes and forward-looking statements (II) This presentation contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of Siemens AG and Siemens Energy AG. Forward-looking statements involve known and unknown risk
Slide 4: Our Management Team
Our Management Team What we stand for Tim Holt Member of the Executive Board Service and digitalization as value drivers CMD | T. Holt | Service 4 2020-09-01 © Siemens Energy, 2020
Slide 5: On path to becoming a product-led service company
On path to becoming a product-led service company Gas & Power SGRE Growing business €35 bn with record service backlog €12 bn service backlog service backlog Key profit contributor Key focus area for R&D €7.9 bn1 and resources €1.6 bn service revenue service revenue Expanding digital offering 42% Fo
Slide 6: Service Gas and Power: What we do
Service Gas and Power What we do Service revenue share by division (FY19) Standard Parts, field service, repairs Transmission Generation services (large gas and steam fleet) Service Long-term service programs, lifetime programs extension, modernization and upgrades Industrial €7.9 bn Applications (i
Slide 7: One of the largest and most diversified fleet globally
One of the largest and most diversified fleet globally By region1 (units) By type2 (service revenue) Latin Other (incl. trans- Truly global fleet – growing mission, controls and America digitalization) especially in Asia Pacific Middle Large gas East turbines Com- pressors Gas as key revenue contrib
Slide 8: How to think about service: Gas turbine example
How to think about service Gas turbine example Contract Turbine Lifetime extension – from upgrade Regular service intervals signing installation to brownfield exchange 1 crucial to maintain turbine performance and availability. ~2-4 years ~5 years ~20 years Turbines are serviced in outages (turbine
Slide 9: We see continued growth in our fleet and higher unit revenues
We see continued growth in our fleet and higher unit revenues Service backlog (€ bn) Growth outlook Fleet (units) Revenue/unit CAGR: 5% Growth ’20-’25 Growth ’20-’25 LGT 35 33 32 IGT & AGT Steam FY17 FY18 FY19 Service accounting for Transmission close to 70% of GP backlog Note: LGT = Large Gas Turbi
Slide 10: Gas: Major recent wins and strong utilization
Gas Major recent wins and strong utilization Major recent wins across gas turbine portfolio Large gas turbine fleet utilization (%)1 Long-term service Operations and Brownfield 80 program maintenance exchange Israel (€79 m) France (€170 m) Taiwan (€143 m) Asia Pacific 15-year renewal New full scope
Slide 11: Productivity and innovation will drive our margins
Productivity and innovation will drive our margins Field service tools Technology download Advanced repairs and utilization from product development Additive manufacturing Enhanced Field service Tool for rapid compres- Enhanced vane Optimized support blade repair brazing utilization sor cylinder rem
Slide 12: Digital: We are growing on multiple levels
Digital We are growing on multiple levels • Software as a service New digital (recurring revenue model) Multi-fold New Growth • Asset agnostic offering revenue increase revenue • Example: Omnivise offering, in coming years e.g. cybersecurity Increasing • Combining domain expertise Enrich with digita
Slide 13: We will continue to deliver stable and profitable revenue
Conclusion We will continue to 1 Service to remain a resilient and profitable business deliver stable and profitable revenue 2 Growing our fleet and driving revenue from LTPs 3 Digital and innovation to support margin and add additional revenue pockets CMD | T. Holt | Service 13 2020-09-01 © Siemens