Siemens Energy Ag · XETR:ENR
Siemens Energy — Investor Day (May 2022)
13 slides from Siemens Energy's investor day presentation, May 24, 2022
Slide 1: Capital Market Day 2022 – Gas Services
Capital Market Day 2022 Gas Services Karim Amin, Member of the Executive Board of Siemens Energy Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2022
Slide 2: Disclaimer
Disclaimer INFORMATION AND FORWARD-LOOKING STATEMENTS This document contains statements related to our future business and financial performance, and future events or developments involving Siemens Energy that may constitute forward-looking statements. These statements may be identified by words suc
Slide 3: We have turned around the business from FY20 to 1H FY22
We have turned around the business from FY20 to 1H FY22 CMD | K. Amin | Gas Services 3 2022-05-24 © Siemens Energy, 2022
Slide 4: We have turned around the business from FY20 to 1H FY22
We have turned around the business from FY20 to 1H FY22 Market Share Backlog grown Productivity Adj. EBITA margin increased from from improved by before SI elevated from 35% to 44% €40bn to €45bn >5% (y-o-y) ~2% to ~6% • 170 units sold between • >75% in Service • >3,000 HC reduced • Successful cost-
Slide 5: Gas Services – All gas turbines under one roof
Gas Services All gas turbines under one roof Large gas, steam turbines and generators Industrial gas turbines & electric heat pumps Modernization, decarbonization & 100MW – 600MW 4MW – 100MW digitalization of all fleet Key facts & figures for FY21 (pro forma) ~25k Market Position1 Revenue2 Adj. EBIT
Slide 6: Gas Services – Key messages
Gas Services – Key messages Our target Resilient Service business with growing fleet and decarbonization opportunities Monetize on installed base Gas market outlook improved with growth in distributed through service and generation decarbonization Superior portfolio in growing segments with leading
Slide 7: GS market outlook: Growth in Distributed, Central declining with improved outlook
GS market outlook: Growth in Distributed, Central declining with improved outlook Gas gross capacity additions (in GW) Growth in Distributed both in new installations and in Service due to electricity demand increase in industries, oil & gas customers with rise in decarbonization requirements IHS 20
Slide 8: Gained market share in growing market segments with stable outlook
Gained market share in growing market segments with stable outlook Gas turbine market > 10MW SE core revenue carriers Market 44% share 35% 26% J / HL-class Leading 440-593 MW 5 Performance 0 No. of 2 for high efficiency, Coal to Gas FY20 FY21 1H FY22 FY25 3 application, capacity backup units won FY2
Slide 9: Four-point strategy to drive Profitability & Cash
Four-point strategy to drive Profitability & Cash 1 2 3 4 Distributed Service Decarbonization Operational Growth Focus Drive Excellence • Average >80 units • Resilient Service • Zero & low emission power Mid-term target sold per year business generation with high • Adj. EBITA margin • Leading portfo
Slide 10: Resilient service with growing fleet and higher service intensity
Resilient service with growing fleet and higher service intensity Large installed base with growing service business Higher service intensity Large gas + small gas combined Large gas only • LGT utilization: Stable globally; increased in Latin America and China due ~85% ~60% to shortage in hydro; sli
Slide 11: Lead the decarbonization of power and heat generation
Lead the decarbonization of power and heat generation Customer drivers Zero or low emissions power generation Decarbonizing of heat generation • Highly efficient, higher ramp rates and low emissions gas • Unique electric heat pump innovations in high temperature high turbines for coal to gas shifts
Slide 12: We monetize on the installed base through service and decarbonization
xxx We monetize on the installed base …for higher margins and through service and decarbonization… strong cash conversion in FY25 Revenue Drivers • Strong backlog with good margin quality Revenue growth1 • Recurring and stable Revenue streams from Service Stable / Modest decline Profitability Driver
Slide 13: Gas Services Our priorities
Gas Services Our priorities Monetize on installed base Continue operational excellence and cost out through Service and decarbonization Focus on service performance Exploit growth in Distributed and decarbonization of power and heat Drive new unit & fleet additions with leading portfolio and H2 co-f