Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Merger or Acquisition (June 2016)
16 slides from Siemens Aktiengesellschaft's merger presentation, Jun 17, 2016
Slide 1: Merger of Siemens Wind Power with Gamesa
Merger of Siemens Wind Power with Gamesa Analyst & Press Call | Munich, June 17, 2016 Joe Kaeser, President and CEO Ralf P. Thomas, CFO Lisa Davis, Member of the Managing Board Unrestricted © Siemens AG 2016 siemens.com
Slide 2: Notes and forward-looking statements
Notes and forward-looking statements This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forw
Slide 3: Executing Vision 2020: Capital allocation along strategic imperatives
Executing Vision 2020 Capital allocation along strategic imperatives April 16 1| Areas of growth? January 16 Closing of acquisition of CD-adapco for 2| Potential profit pool? Closing of divestment to AtoS $970m to pursue industrial software strategy 3| Why Siemens? January 16 Merger of Siemens Wind
Slide 4: Siemens Wind Power & Gamesa combined is uniquely positioned in a promising market
“Siemens Wind Power & Gamesa combined” is uniquely positioned in a promising market and perfectly fits into Vision 2020 Siemens Vision 2020 Combined entity “Siemens Wind Power & Gamesa” • Combined entity “Siemens Wind Power & Gamesa” is strongly positioned in growth pockets: • Offshore Areas of grow
Slide 5: Creating a leading wind player with substantial growth potential
Creating a leading wind player with substantial growth potential and highly complementary strength Company description & rationale Key figures (pro forma, LTM March 2016) Combined Siemens WP business scope • Merger of the entire Siemens Wind business incl. Service with Gamesa to create a leading win
Slide 6: Siemens is committed to Wind Power and will own 59% of combined business
Siemens is committed to Wind Power and will own 59% of combined business post merger Transaction highlights Post Deal structure • Ownership post merger: Siemens Iberdrola Free float 59% Siemens (controlling), 41% others 59% ~8% ~33% • Cash payment to Gamesa shareholders of €3.75 per share, ~€1.05bn
Slide 7: Combination of two major, highly complementary global wind players
Combination of two major, highly complementary global wind players Gamesa Siemens Wind Power Onshore market China, LatAm, India US, Canada and Europe1) strongholds 71% of LTM March 2016 onshore order intake 95% of LTM March 2016 onshore order intake Offshore Very limited A market leader Strong for S
Slide 8: Well diversified and balanced geographical footprint
Well diversified and balanced geographical footprint Siemens Wind Power Stronghold Siemens Wind Power Stronghold Gamesa Stronghold Gamesa Stronghold Siemens Wind Power existing factory Gamesa existing factory Siemens Wind Power Market served Gamesa key market Siemens Wind Power factory under constru
Slide 9: Siemens-Gamesa combination is the best possible strategic fit in the wind power industry
Siemens-Gamesa combination is the best possible strategic fit in the wind power industry • Limited overlap and compelling customer Customer Value benefits with most comprehensive product offering and widest service network • Enhanced opportunities to boost sustainable Portfolio energy innovation • C
Slide 10: Thank you for your attention – Questions and Answers
Questions and Answers Thank you for your attention – your questions, please! Unrestricted © Siemens AG 2016 Page 10 Munich, June 17, 2016 Merger of Siemens Wind Power with Gamesa, Analyst & Press Call
Slide 11: Appendix
Appendix Unrestricted © Siemens AG 2016 Page 11 Munich, June 17, 2016 Merger of Siemens Wind Power with Gamesa, Analyst & Press Call
Slide 12: Siemens Wind Power: Normalised, stand-alone EBIT
Siemens Wind Power: Normalised, stand-alone EBIT EBIT bridge LTM March 2016 (in €m) Normalisation Margin: Margin: • Elimination of one-time impacts 8.9% 5.6% mainly related to segments • Stringent measures implemented to 492 114 fix issues Stand-alone adjustments 74 • Certain carve-out and pro-forma
Slide 13: Siemens Wind Power: EBIT normalisation adjustments
Siemens Wind Power: EBIT normalisation adjustments LTM EBIT Normalisations (€m) March 2016 EBIT as reported Scope 304 Concepts / Agreements 1 Blade Quality - Product issues exceptional in nature 2 Main Bearings Estimated provision of approx. €250m as of 79 March 2017 (current best estimate of po
Slide 14: Financial calendar
Financial calendar June 28 – 29, 2016 June Capital Market Day “Energy and Oil & Gas” (Houston) July / August 4, 2016 August Q3-Earnings Release Unrestricted © Siemens AG 2016 Page 14 Munich, June 17, 2016 Merger of Siemens Wind Power with Gamesa, Analyst & Press Call
Slide 15: Siemens Investor Relations contacts
Siemens Investor Relations contacts Investor Relations Internet: www.siemens.com/investorrelations E-mail: investorrelations@siemens.com IR-Hotline: +49 89 636-32474 Fax: +49 89 636-32830 Unrestricted © Siemens AG 2016 Page 15 Munich, June 17, 2016 Merger of Siemens Wind Power with Gamesa, Analyst &
Slide 16: Siemens Press contacts
Siemens Press contacts Business and financial press Dennis Hofmann +49 89 636-22804 Alexander Becker +49 89 636-36558 Wolfram Trost +49 89 636-34794 Richard Speich +49 89 636-30017 Yashar N. Azad +49 89 636-37970 Internet: www.siemens.com/press E-mail: press@siemens.com Phone: +49 89 636-33443 Fax: