Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — Q1 FY2017 Earnings Presentation

18 slides from Siemens Aktiengesellschaft's earnings presentation, Feb 1, 2017

  1. Slide 1: Q1 FY 2017 – Siemens continues on road to success – earnings outlook raised

    Q1 FY 2017 – Siemens continues on road to success – earnings outlook raised Joe Kaeser, President and CEO | Ralf P. Thomas, CFO Q1 FY 2017 Analyst Call | Munich, February 1, 2017 Unrestricted © Siemens AG 2017 siemens.com

  2. 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

  3. Slide 3: Q1 FY 2017 – Strong execution of Vision 2020 drives profitability

    Q1 FY 2017 – Strong execution of Vision 2020 drives profitability  Egypt megaproject milestone achieved  Orders -14% to €19.6bn due to fewer large orders; base orders stable  Continued moderate revenue growth +3% supported by most divisions  Strong quarter with 8 out of 9 Divisions in or at targ

  4. Slide 4: Guidance FY 2017 – Earnings outlook raised

    Guidance FY 2017 – Earnings outlook raised EPS (“all-in”) Guidance in € We anticipate increasing headwinds for macroeconomic growth and investment sentiment in our markets due to the complex geopolitical 7.20 – 7.70 environment. 6.80 – 7.20 Therefore, we continue to expect modest growth in revenue,

  5. Slide 5: PG: Stringent execution, however market remains tough; WP: Excellent performance

    PG: Stringent execution, however market remains tough WP: Excellent performance ahead of planned merger Power and Gas (PG) Wind Power and Renewables (WP) Orders Revenue Orders Revenue €bn €bn -40%1) +7%1) 5.5 -24%1) +18%1) 3.3 3.7 3.9 1.9 1.4 1.2 1.4 Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 F

  6. Slide 6: EM: Consistent improvement continues; BT: Outstanding performance

    EM: Consistent improvement continues BT: Outstanding performance across all metrics Energy Management (EM) Building Technologies (BT) Orders Revenue Orders Revenue €bn €bn -14%1) +3%1) +11%1) +5%1) 3.5 3.0 2.8 2.8 1.5 1.7 1.5 1.6 Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 FY 1

  7. Slide 7: DF: Excellence across all businesses; PD: Realignment continues

    DF: Excellence across all businesses, short cycle a key driver PD: Realignment continues Digital Factory (DF) Process Industries and Drives (PD) Orders Revenue Orders Revenue €bn €bn +7%1) +4%1) -6%1) -3%1) 2.5 2.7 2.5 2.6 2.3 2.1 2.2 2.1 Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 FY 17 Q1 FY 1

  8. Slide 8: MO: Stringent execution drives best in class margins; HC: Excellent performance

    MO: Stringent execution drives best in class margins HC: Excellent top and bottom line performance Mobility (MO) Healthineers (HC) Orders Revenue Orders Revenue €bn €bn +4%1) +0%1) -17%1) -8%1) 2.7 3.4 3.5 3.3 3.3 2.2 2.0 1.8 Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 FY 17 Pr

  9. Slide 9: Appendix

    Appendix Unrestricted © Siemens AG 2017 Page 9 Munich, February 1, 2017 Q1 FY 2017 Analyst Call

  10. Slide 10: One Siemens Financial Framework

    One Siemens Financial Framework Clear targets to measure success and accountability One Siemens Financial Framework Siemens Growth: Capital efficiency Capital structure Siemens > most (ROCE2)) (Industrial net debt/EBITDA) relevant competitors1) 15 – 20% up to 1.0x (Comparable revenue growth) Total c

  11. Slide 11: Siemens Vision 2020

    Siemens Vision 2020 Clear intents for our seven overarching goals GOAL INTENT KPI Implement stringent company gover- Live lean governance and €1bn cost savings by FY 2016 achieved 1 nance with effective support functions drive continuous optimization Continued productivity of 3-5% Strengthen Sharpen

  12. Slide 12: Financial cockpit – Q1 FY 2017

    Financial cockpit – Q1 FY 2017 Orders Revenue Profit Industrial Business (IB) Net Income in €bn -14% Comp. +3% in €bn in €bn +25% (-14%) (nom.) (+1%) +26% 22.8 1.9 2.5 19.6 18.9 19.1 1.6 2.0 10.7% 13.2% B-t-B 1.21 1.02 Margin 10.4% 13.0% Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 FY 17 Q1 FY 16 Q1 FY 17 Q1 FY 16

  13. Slide 13: CMPA with profit of €0.4bn, high volatility as expected

    CMPA with profit of €0.4bn, high volatility as expected Below Industrial Business – Q1 FY 2017 Expectations for FY 2017 unchanged in €m • SFS: “operationally” in line with FY 2016 409 72 • CMPA: includes other portfolio elements; volatility remains in FY 2017 140 -183 2,514 -168 • SRE: in line with

  14. Slide 14: Net debt bridge – Q1 FY 2017

    Net debt bridge – Q1 FY 2017 Q1 ΔQ4 €bn • SFS Debt +23.1 +0.7 Adj. ind. Net Debt/ • Post emp. Benefits -11.1 +2.6 EBITDA (c/o) • Credit guarantees -0.8 +0.0 0.7x • Fair value adj. +0.6 +0.0 (Q4 FY16: 1.0x) (hedge accounting) Operating Activities therein: • Δ Inventories -0.3 • Δ Trade and other rece

  15. Slide 15: SFS Key figures – Q1 FY 2017

    SFS Key figures – Q1 FY 2017 Key financials SFS • Assets €27.3bn • Income before income taxes €140m • Return on Equity after tax 17.7% • Operating and Investing Cash Flow €347m Assets Liabilities and Equity €bn €bn 1.8 0.1 27.3 27.3 1.4 24.0 2.7 Leases & Equity Other Assets Cash Total Assets 23.1 1.

  16. Slide 16: Provisions for pensions & similar obligations decreased in Q1

    Provisions for pensions & similar obligations decreased in Q1, mainly due to increased discount rate assumptions Q1 FY 2017 Key financials – Pension and similar obligations Q1 in €bn1) FY 2014 FY 2015 FY 2016 FY 2017 Defined benefit obligation (DBO)2) (35.6) (36.8) (42.2) (39.0) Fair value of plan a

  17. Slide 17: Financial calendar

    Financial calendar February 1, 2017 Annual General Meeting and Q1 Earnings Call (Munich) February 9, 2017 Roadshow Germany (Munich) February February 10, 2017 Roadshow Switzerland (Zurich) February 13, 2017 Roadshow Germany (Frankfurt) March 22, 2017 March Bank of America Merrill Lynch Conference (L

  18. Slide 18: Investor Relations contacts

    Investor Relations contacts Investor Relations Internet: www.siemens.com/investorrelations Email: investorrelations@siemens.com IR-Hotline: +49 89 636-32474 Fax: +49 89 636-32830 Unrestricted © Siemens AG 2017 Page 18 Munich, February 1, 2017 Q1 FY 2017 Analyst Call

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