Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — Q1 FY2016 Earnings Presentation

19 slides from Siemens Aktiengesellschaft's earnings presentation, Jan 26, 2016

  1. Slide 1: Strong start into the fiscal year – earnings outlook raised

    Strong start into the fiscal year – earnings outlook raised Analyst Call | Munich, January 26, 2016 Joe Kaeser, President and CEO Ralf P. Thomas, CFO © Siemens AG 2016

  2. Slide 2: Notes and forward-looking statements

    Notes and forward forward-looking 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 “exp

  3. Slide 3: Pursuing our industrial software strategy

    Pursuing our industrial software strategy Unmatched offering for design, design simulation & testing Year of acquisition CAD S Software ft NX D Design, i N t Nastran and d PLM Software S ft Teamcenter T t 3D Design  Streamlines and accelerates the product development process in a 2007 collaborative

  4. Slide 4: CD-adapco – acquisition of a software technology leader in a fast growing industry

    CD-adapco – acquisition of a software technology leader in a fast growing industry Company description and strategic rationale Key customer industries (% of billings FY 2015) • CD-adapco is a leading provider of Computational Fluid Dynamics (CFD) simulation software, a sub- Ground market of CAE, red

  5. Slide 5: Q1 – Strong start into the fiscal year

    Q1 – Strong start into the fiscal year • Stringent St i t execution ti off Vision Vi i 2020 and d ffurther th portfolio tf li optimization ti i ti • Acquisition of CD-adapco announced • Closing of Unify and disposal of Sivantos assets in January • Strong order increase of 27% to €22.8bn (excluding F

  6. Slide 6: PG: Strong orders point to market wins; WP: Strong orders boost backlog

    PG: Strong orders point to market wins WP: Strong orders boost backlog Power and Gas (PG) Wind Power and Renewables (WP) Orders Revenue Orders Revenue €bn €bn +28%1) -3%1) 5.5 +36%1) -20%1) 3.8 2.9 3.7 1.3 1.9 1.5 1.2 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 FY 16 Profit & M

  7. Slide 7: EM: Turnaround continues – margins up; BT: Accelerated growth supports strong profitability

    EM: Turnaround continues – margins up BT: Accelerated growth supports strong profitability Energy Management (EM) Building Technologies (BT) Orders Revenue Orders Revenue €bn €bn +9%1) +0%1) +3%1) +3%1) 3.1 3.5 2.7 2.8 1.4 1.5 1.4 1.5 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1

  8. Slide 8: DF: Software shines - short cycle biz slow; PD: Structural weakness impacts business

    DF: Software shines - short cycle biz slow PD: Structural weakness impacts business Digital Factory (DF) Process Industries and Drives (PD) Orders Revenue Orders Revenue €bn €bn +2%1) 0%1) +1%1) -6%1) 2.4 2.5 2.4 2.5 2.2 2.3 2.3 2.2 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 F

  9. Slide 9: MO: Excellent performance driven by Infrastructure; HC: Margin expansion on exceptional growth

    MO: Excellent performance driven by Infrastructure HC: Margin expansion on exceptional growth Mobility (MO) Healthcare (HC) Orders Revenue Orders Revenue €bn €bn +108%1) +8%1) +11%1) +6%1) 2.7 3.0 3.4 2.9 3.3 1.3 1.9 2.0 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 FY 16 Profit

  10. Slide 10: Guidance FY 2016 – earnings outlook raised

    Guidance FY 2016 – earnings outlook raised We anticipate further softening in the macroeconomic environment and continuing complexity in the geopolitical environment in fiscal 2016. Nevertheless, we expect moderate revenue growth, net of effects from currency translation. We anticipate that orders w

  11. Slide 11: Appendix

    Appendix © Siemens AG 2016 Page 11 Munich, January 26, 2016 Q1 FY 2016, Analyst Call

  12. Slide 12: One Siemens Financial Framework – Clear targets to measure success & accountability

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

  13. Slide 13: Financial Cockpit

    Financial Cockpit Orders Revenue Profit Industrial Business (IB) Net Income in €bn +19% Comp. +1% in €bn in €bn (+27%) (nom.) (+8%) +10% 22.8 +42% 18.9 1.8 2.0 18.0 17.4 16 1.6 10.4% 10.7% 1.1 B-t-B 1.03 1.21 Margin 10.2% 10.4% Q1 15 Q1 16 Q1 15 Q1 16 Q1 FY 15 Q1 FY 16 Q1 FY 15 Q1 FY 16 EPS (“all-in

  14. Slide 14: Net Debt Bridge as of Q1 FY 2016

    Net Debt Bridge as of Q1 FY 2016 €bn Q1 ∆Q4 • SFS Debt +21.5 +0.3 • Post emp emp. Benefits -10.1 10 1 -0.3 03 Operating Activities • Credit guarantees -0.9 -0.0 Adj. ind. Net Debt/ • Hybrid bond +1.0 +0.0 EBITDA (c/o) • Fair value adj. +0.9 -0.1 0.8x (Q4 FY15: 0.7x) (hedge accounting) therein: • ∆ I

  15. Slide 15: SFS Key Figures Q1 FY 2016

    SFS Key Figures Q1 FY 2016 Key Financial Data SFS • Assets €25.6bn • Income before income taxes €168m • Return on Equity after tax 21,9% • Operating and Investing Cash Flow €445m Assets Liabilities and Equity €bn €bn 1.7 0.2 25.6 25.6 2.5 1.3 21.5 22.4 16 1.6 Leases & Equity Other Assets Cash Total

  16. Slide 16: Underfunding for Siemens' pension plans increased to -€9.3bn in Q1

    Underfunding for Siemens’ pension plans increased to -€9.3bn €9 3bn in Q1 Funding deficit for Siemens’ pension plans increased in Q1, mainly due to slightly decreased discount rate assumption Q1 in €bn1) FY 2013 FY 2014 FY 2015 FY 16 Defined f benefit f obligation (DBO) ( O) on pension (32.6) (35.0)

  17. Slide 17: Strategic transaction rationale: An attractive business in an attractive market

    Strategic transaction rationale An attractive business in an attractive market Vision 2020 Rationale for acquiring CD-adapco • Attractive growth rates in Computer Aided Engineering (CAE) and related p disciplines ((above PLM market g growth of 8%)) A Area off growth? th? • Only 3% of engineers world

  18. Slide 18: Financial calendar

    Financial calendar January January 26, 2016 Q1 Earnings Release; Annual General Meeting February 17, 2016 February Roadshow Germany (Munich) February 18, 2016 Roadshow UK (Edinburgh) February 19, 2016 R d h Roadshow S it l d (Z Switzerland i h) (Zurich) March March 9,, 2016 Citi West Coast Symposium

  19. Slide 19: Siemens Investor Relations contacts

    Siemens Investor Relations contacts Investor Relations Internet: www.siemens.com/investorrelations Email: investorrelations@siemens.com IR- +49 89 636 636-32474 32474 Hotline: Fax: +49 89 636-32830 © Siemens AG 2016 Page 19 Munich, January 26, 2016 Q1 FY 2016, Analyst Call

Siemens — Q1 FY2016 Earnings Presentation on 6ix