Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Investor Day (June 2016)
12 slides from Siemens Aktiengesellschaft's investor day presentation, Jun 29, 2016
Slide 1: Execution according to plan – More to come
Execution according to plan – More to come Markus Tacke, CEO Wind Power and Renewables Capital Market Day – Energy and Oil & Gas | Houston, June 29, 2016 Unrestricted © Siemens AG 2016 siemens.com/investor
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: Wind Power and Renewables is a crucial pillar of the Siemens energy portfolio
Wind Power and Renewables is a crucial pillar of the Siemens energy portfolio − High mutual benefits with other Siemens businesses Key figures FY 2015: €6.1bn Orders | €5.7bn Revenues | 2.8% Margin | 12,800 Employees | 5 to 8% Margin target Wind Power and Renewables Division Mutual benefits within S
Slide 4: Renewables gaining momentum worldwide – Policy changes and declining costs
Renewables gaining momentum worldwide – Policy changes and declining costs making wind power more attractive Wind Power market (FY15 – FY21e) Market development Orders (in GW)1) Renewables as affordable mainstream energy • COP21 setting ambitious targets towards climate change and decarbonization CA
Slide 5: Wind2020 program launched in 2015 – Execution according to plan
Wind2020 program launched in 2015 – Execution according to plan Wind2020 Priority topics Financial performance Sustainable return to target range Orders (in €bn) Profit (in €bn) Grow 7.1% Product Supplier 4.0 188 Portfolio Stabilize Quality 2.7 FY15 FY16 FY17 FY18 FY19 FY20 Cost Com- Leadership 1.3%
Slide 6: Significant progress on quality visible in better margins
Significant progress on quality visible in better margins – High focus on next generation products Quality measures Clear evidence of success • Established effective quality • Significant decrease of quality costs organization in project execution • Introduction of quality mgmt. practices -15% from
Slide 7: Stringent execution of cost out measures; >5% total cost productivity p.a.
Stringent execution of cost out measures; >5% total cost productivity p.a. – Major footprint changes underway Cost measures Clear evidence of success • Product cost reduction based on • Stringent target costing approach introduced market driven targets with early involvement of supplier • Optimizati
Slide 8: Complete product portfolio overhaul underway – Main impact starting from FY18
Complete product portfolio overhaul underway – Main impact starting from FY18 Development measures Clear evidence of success ON geared platform, • Build on proven design • +9% more energy output e.g. SWT-2.3-120 • Re-use of components • Optimal rotor giving strong capacity factor • Longer blades to
Slide 9: Onshore to stay successful in traditional strongholds and to tap into new growth markets
Onshore to stay successful in traditional strongholds and to tap into new growth markets Selected examples Large frame contract with Joint energy solution Drive partial localization SH-Wind for new D3 platform with local partners Ensure success together with PG and EM with 2 GW wind frame in largest
Slide 10: Siemens as Offshore leader drives innovations to further reduce costs
Siemens as Offshore leader drives innovations to further reduce costs Offshore Leader Largest OF park ever built ~2,100 Turbines Siemens WP has been the Offshore market (London Array 630 MW) leader for years and benefits from its unchallenged experience 25 years of experience 51% Market share in CY1
Slide 11: Offshore to maintain market leadership – Towards <€10ct LCoE target
Offshore to maintain market leadership – Along with partners paving the way towards <€10ct LCoE target Target of €9.5ct … major recent wins … and leadership to be sustained by 2020 to be achieved LCoE in €ct/kWh based on reference case1) • East Anglia One • Unmatched #1 position (UK – 714 MW – Scott
Slide 12: Execution according to plan – More to come: Key takeaways
Execution according to plan – More to come Key takeaways Growing Market 4% Solid business in growing market CAGR 15-211) Wind Execution 2020 according to plan 7.1% Turnaround program established and well on track Profit margin2) Growth ~80% Launch of new products supports the profitable growth – Pat