Siemens Energy Ag · XETR:ENR
Siemens Energy — BofA Global Industrial Conference 2023
21 slides from Siemens Energy's conference presentation, Mar 21, 2023
Slide 1: Leading the Energy Transformation
Leading the Energy Transformation Christian Bruch, Chief Executive Officer BofA Global Industrial Conference March 21, 2023 – London Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2023
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: Key messages
Key messages Our Ourvision vision The electricity and energy market is under significant change and will receive substantial investment over the next decades Siemens Energy is well To become the most Since the spin-off of Siemens Energy in 2020 we have made positioned to become the valued energy tec
Slide 4: Siemens Energy is a global leader in the energy business
Siemens Energy is a global leader in the energy business ~ 1/6 92,000 of global electricity generation employees work as a team is based on our technology. to energize society.1 We are present in We invest around > 90 countries. €1bn annually in research and development. 1 Number of employees as of
Slide 5: There are multiple scenarios how the electricity market will develop
There are multiple scenarios how the electricity market will develop… Global electricity generation scenarios (TWh) Massive growth in renewable generation 75,000 Net Zero 70,000 Growth until 2030 65,000 60,000 Announced Pledges 55,000 Stated Policies +146% +300% 50,000 Stated Policies 45,000 3% – 4%
Slide 6: All scenarios have common themes, supported by accelerating change in boundary conditions
… but all of them have … supported by accelerating common themes … change in boundary conditions Electricity production will Production Inflation Reduction Act (IRA) – USA grow faster than GDP capacity will grow • Increasing electrification of • Capacity expansion will be Law is in place providing p
Slide 7: We support our customers along the value chain
We support our customers along the value chain … Low- or zero-emission Transport and storage Reducing CO2 footprint and energy power generation of electricity consumption in industrial processes Business Area SGRE Gas Services Grid Technologies Transformation of Industry #1 #3 #1 #1 Leading market p
Slide 8: Connect the dots to drive benefits from being a global integrated energy technology company
… and connect the dots to drive benefits from being a global integrated energy technology company Power generation Bring to shore Storage Re-electrification Connecting offerings Offshore Wind HVDC Electrolysis/ H2 gas turbine Battery Connecting Europe USA Asia Pacific3 regions (56GW of HVDC)1 (19GW
Slide 9: FY22 key awards and milestones
Version 18 FY22 key awards and milestones Power generation with low Transport and storage Reducing the CO2 footprint & or zero emissions of energy energy consumption in industrial processes 2.6GW with high efficient gas Largest offshore grid connection NFPS Offshore Compression turbine technology in
Slide 10: Major progress made in FY22 forms the basis
Major progress made in FY22 forms the basis… Improved Market Operational Sustainability Portfolio Position Improvements and Innovation Optimization ▪ #1 Market Position for ▪ New operating model of the ▪ All ESG ratings improved1 ▪ Launch of SGRE cash >10MW Gas Turbines organization (project tender
Slide 11: Siemens Energy to utilize 5 levers to drive value
…for Siemens Energy to utilize 5 levers to drive value… 01 02 03 04 05 New operating Grid Transformation model Gas Services Technologies of Industry SGRE Increase customer focus, Monetize on installed Leverage market Decarbonize industrial Secure turnaround transparency base through service leadersh
Slide 12: New group structure increases customer focus, transparency and accountability
Strategic lever 1 New group structure increases customer focus, transparency and accountability… Siemens Energy Reporting Segments SE Executive Board Gas Grid Transformation Global CEO CFO SGRE Services Technologies of Industry Functions Anne-Laure de Christian Bruch Maria Ferraro Karim Amin Tim Hol
Slide 13: New operating model with less hierarchy, more accountability and focus on excellence
Strategic lever 1 New operating model (since October 1, 2022) with less hierarchy, more accountability and a focus on excellence Clear Structures Unified go to market Operational excellence Focused innovation • Hierarchy layers reduced from • Harmonized regional footprint • Integrated global functio
Slide 14: Gas Services: Monetize installed base through service and decarbonization
Strategic lever 2 Gas Services Monetize on installed base through service and decarbonization Share of Siemens Energy What has changed total revenue in the new group structure? Business Drivers • Decarbonization of power generation and district heating GEN • Service, Mods and Upgrades to increase Ga
Slide 15: Grid Technologies: Leverage market leadership
Strategic lever 3 Grid Leverage market leadership to benefit Technologies from accelerating investment Share of Siemens Energy What has changed total revenue1 in the new group structure? Business Drivers • Growing electricity demand • Connection of increasing amount Complete of renewable energy T Po
Slide 16: Transformation of Industry: Decarbonize industrial sector
Strategic lever 4 Transformation Decarbonize industrial sector of Industry through focus on hydrogen and EAD Share of Siemens Energy What has changed total revenue in the new group structure? Business Drivers Complete • Growing demand for green hydrogen NEB Portfolio and derivative fuels • Increasin
Slide 17: Siemens Gamesa Renewable Energy: Secure turnaround
Strategic lever 5 Siemens Gamesa Secure turnaround Renewable Energy Share of Siemens Energy total revenue Wind market shows exceptional future growth Annual global onshore wind Annual global offshore Global installed capacity installations3 (GW, excl. China) installations3 (GW, excl. China) in wind4
Slide 18: ESG is core to our activities and provides a business opportunity
ESG is core to our activities and provides a business opportunity E Environment S Social G Governance Decarbonization Gender diversity Safety Our Targets Climate neutral own 25% by 2025 Achieve Zero Harm operations by 2030 30% by 2030 Become the leader Aspiration of Net Zero value chain (share of wo
Slide 19: We energize society
We energize society Christian Bruch 19 March 2023 © Siemens Energy, 2023
Slide 20: Appendix
Appendix Christian Bruch 20 March 2023 Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2023
Slide 21: 2022 recap and 2023 outlook
2022 recap and 2023 outlook Highlights / Lowlights FY22 Financial Performance • New group structure (since October 1, 2022) providing more • Orders: €38.3bn (+11.9% comp.1) transparency • Revenue: €29.0bn (-2.5% comp.1) ; book-to-bill of 1.32 • CTO: 92.72% acceptance; EGM Jan 25, 2023, delisting exp
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