Siemens Energy AG · XETR:ENR
Siemens Energy — Q1 2021 Earnings Presentation
21 slides from Siemens Energy's earnings presentation, Feb 2, 2021
Slide 1: Solid start into the new fiscal year 2021
Solid start into the new fiscal year 2021 Q1 2021 Press Call Munich, February 2, 2021 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, 2021
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, 2021
Slide 4: Share price development
Share price development 150 140 +39% 130 120 +18% 110 +8% 100 90 80 25-Sep 28-Sep 9-Oct 23-Oct 6-Nov 20-Nov 4-Dec 18-Dec 1-Jan 15-Jan 29-Jan Siemens Energy DAX MDAX Press Call | Q1 FY21 4 February 2, 2021 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2021
Slide 5: ESG Update
ESG Update ESG is anchored in SE’s strategy with focus on 5 high impact UN Sustainability Goals: • Affordable and Clean Energy • Climate Action • Industry, Innovation and Infrastructure • Gender Equality • Decent Work and Economic growth Concrete goals • 100% green electricity consumption by 2023 •
Slide 6: Recent orders and partnerships
Recent orders and partnerships Russia: Cooperation for efficient production Germany: Research and development of liquefied natural gas (LNG) project offshore wind-to-hydrogen Siemens Energy and Novatek reduce emissions at plants Siemens Energy and Siemens Gamesa to launch development producing lique
Slide 7: Recent orders and partnerships
Recent orders and partnerships United Kingdom: Latin America: Highly efficient Germany: Climate-neutral Transformers for Scotland‘s single operation of an offshore oil field power supply for the largest source of renewable energy city of Leipzig Siemens Energy to supply 114 low-loss Siemens Energy e
Slide 8: COVID-19 update
COVID-19 update Employees Focus on Health and Safety All fabrication sites operating; 20% with slightly reduced capacity Business continuity No major supply chain interruptions Deferrals of orders, projects and outages, limitations of site access Business impact Lower discretionary cost Service busi
Slide 9: Maria Ferraro
Maria Ferraro CFO Siemens Energy AG Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2021
Slide 10: Siemens Energy Group at a glance
Siemens Energy Group at a glance Q1 FY21 Orders (in € bn) Revenue (in € bn) Adj. EBITA before SI (in € m) (26)%1 n/a 10.0 +3%1 7.4 366 6.4 6.5 2.2 2.1 Services Services (2)% (74) 4.2 4.4 New unit New unit +5% (1.2)% 5.6% Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Order Backlog2 Book-to-Bill Rat
Slide 11: Cash Flow Statement
Cash Flow Statement Siemens Energy In €m Q1 FY20 Q1 FY21 Net income (195) 99 CAPEX Amortization, depreciation and impairments 323 343 Change in operating net working capital • Increase by €44m y-o-y driven by SGRE Contract assets 300 (206) Free Cash Flow pre tax Inventories (540) (64) • GP: Increase
Slide 12: Gas and Power at a glance
Gas and Power at a glance Q1 FY21 Orders (in € bn) Revenue (in € bn) Adj. EBITA before SI (in € m) +295% (5)%1 5.4 5.2 (3)%1 267 4.4 4.3 1.8 1.8 Services Services (4)% 68 2.6 2.5 New unit New unit (2)% 1.5% 6.2% Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Order Backlog2 Book-to-Bill Ratio Free C
Slide 13: Financial outlook for FY 2021 confirmed
Financial outlook for FY 2021 confirmed Revenue growth Adjusted EBITA margin nominal before Special Items Siemens Energy 2%-12% 3%-5% Gas and Power 2%-11% 3.5%-5.5% Press Call | Q1 FY21 13 February 2, 2021 © Siemens Energy, 2021
Slide 14: Christian Bruch
Christian Bruch President and CEO Siemens Energy AG Press Call | Q1 FY21 14 February 2, 2021 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2021
Slide 15: Global electricity generation is growing – but outside the traditional portfolio
Global electricity generation is growing – but outside the traditional portfolio of Gas and Power Development of global electricity generation Development by energy form (in terawatt hours) Wind CAGR 40,094 2019-2040 +1.9% 1,983 Others Solar Renewable 10,919 8.2% energy sources1 26,942 Gas 809 2,088
Slide 16: Energy of Tomorrow: Executing our strategy
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 17: Executing our cost improvement program
Executing our cost improvement program Operational cost improvement Main measures1 Corporate cost optimization Detailed measures identified to deliver additional savings Annual cost savings by a minimum of 300 million euros by 20232 Reduction of around 7,800 jobs worldwide by the end of FY25, Effect
Slide 18: Low- or zero-emission power generation
Transport Reducing CO2 footprint and Low- or zero-emission of electricity energy consumption in power generation and storage industrial processes Press Call | Q1 FY21 18 February 2, 2021 © Siemens Energy, 2021
Slide 19: Future Agreement Germany
If possible, job Intention to maintain Future reductions through existing locations in voluntary measures Germany Agreement 2030 Germany Expand or establish Training quota of future competencies at 4.5 percent aimed at locations in Germany across all training years Press Call | Q1 FY21 19 February 2
Slide 20: Questions and answers
Questions and answers Christian Bruch and Maria Ferraro Press Call | Q1 FY21 20 February 2, 2021 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2021
Slide 21: Financial calendar and press contact
Financial calendar 2021 February 02 February 10 March 19 May 05 August 04 Q1 FY21 Siemens Energy Hydrogen Q2 FY21 Q3 FY21 Annual General Day Meeting Press contact Robin Zimmermann Tim Proll-Gerwe Head of Communications Head of Media Relations siemens-energy.com Mobil: +49 172 5676 999 Mobil: +49 152