Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Q2 2008 Earnings Presentation
11 slides from Siemens Aktiengesellschaft's earnings presentation, Apr 30, 2008
Slide 1: Siemens Q2 FY08 Flashlight
Siemens Q2 FY08 Flashlight The Analyst Conference will take in place in London, on April 30, at 2.30 p.m. BST, and will be webcast on www.siemens.com/investorrelations The Press Conference will take place in Munich, on April 30, at 9.00 a.m. CET, and will be webcast on www.siemens.com/press Copyrigh
Slide 2: Highlights of the Quarter (1/2)
Highlights of the Quarter (1/2) Very strong organic order growth1) of 15% across all regions, with a book-to-bill of 1.3x 2% organic sales growth, but orders will drive 2x GDP growth for the year – Strongest organic growth at PTD (+13%), A&D (+11%), and Osram (+6%) – Growth rates at PG, TS and S
Slide 3: Highlights of the Quarter (2/2)
Highlights of the Quarter (2/2) Reviews of projects primarily in Fossil and TS businesses substantially completed, Q2 charges of € (857)m in total at PG, TS and SIS – PG: €(559)m charges, review completed; PG expects negative margin impact in coming quarters; equity investment income is expected t
Slide 4: Key Items from the Earnings Release relating to Q2 (I)
Key Items from the Earnings Release relating to Q2 (I) Industry Energy A&D: Strong demand drives economies of scale PG: Project review completed, actions defined – Margin: 16.7%, respectively 17.5% excl. PPA & OTC – Revised estimates of project completion at some projects relating to the UGS and
Slide 5: Key Items from the Earnings Release relating to Q1 (II)
Key Items from the Earnings Release relating to Q1 (II) Medical Other Businesses Medical: Sustained profitability on global growth SIS: Major orders with external customers – Margin: 12.5%, respectively 16.3% excl. PPA & OTC – €(89)m net earnings impact related to projects in the UK relating to
Slide 6: Key Items from the Earnings Release relating to Q1 (III)
Key Items from the Earnings Release relating to Q1 (III) Central Items, Pensions & Eliminations Discontinued Operations Central items, pensions & eliminations Loss of €(153)m of which – Total costs of €(499)m, – €(109)m severance charges at Enterprise Network of which Central items €(506)m, incl
Slide 7: Q2 FY08 Key Figures – New Orders and Revenues
Q2 FY08 Key Figures – New Orders and Revenues € in millions New Orders Revenues Y-o-Y Y-o-Y Y-o-Y Comp. Q-o-Q Y-o-Y Comp. Q-o-Q Q2 FY07 Q1 FY 08 Q2 FY 08 Growth Growth Growth Q2 FY07 Q1 FY 08 Q2 FY 08 Growth Growth Growth A&D 4,154 4,783 4,814 16% 14% 1% 3,711 4,088 4,271 15% 11% 4% I&S 2,434 3,292
Slide 8: Q2 FY08 Key Figures – Earnings and Margins
Q2 FY08 Key Figures – Earnings and Margins € in millions Group Profit Group Profit Margin Q2 FY07 Q1 FY 08 Q2 FY08 Q2 FY07 Q1 FY08 Q2 FY 08 A&D 526 655 712 14.2% 16.0% 16.7% I&S 100 121 167 4.6% 5.4% 7.8% SBT 100 78 90 7.5% 6.5% 7.5% Osram 125 126 122 10.5% 10.6% 10.3% TS 58 22 -153 5.0% 2.1% -15.6%
Slide 9: SFS Key Figures Q2 FY 08
SFS Key Figures Q2 FY 08 P&L Cash Flow Revenues: € 186 m Depreciation & Amortisation: € 70 m Interest Expense: € 88 m Operating Cash Flow: € 321 m Interest Income: € 131 m Capex (incl. operating leases): € (121)m Profit before Tax: € 101 m Assets Liabilities € in million 33 8,792 863 S
Slide 10: Pension funding status improved
Pension funding status improved Funded status has improved since Sept. 2007, mainly due to an increase in the discount rate assumption at March 31, reducing the DBO fundings in UK and Germany, and the disposal of Siemens VDO pension liabilities. According to 20F, in billions of euros FY 06 FY
Slide 11: Bridge from NSN Operating Profit to Siemens At Equity Income
Bridge from NSN Operating Profit to Siemens At Equity Income € in millions Reported by Nokia Siemens 149 -100 share Therein: 65 gain -19 due to the transfer -38 of Finnish -26 -45 pension liability -123 -74 36 50% NSN Charges Purchase- NSN Adjust- NSN Net Siemens Siemens Siemens Operating Price Oper