Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Investor Day (June 2007)
22 slides from Siemens Aktiengesellschaft's investor day presentation, Jun 21, 2007
Slide 1: OSRAM – Capital Market Days 2007
OSRAM – Martin Goetzeler, Group President Capital Market Days 2007 June 21-22, Berlin
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements and information – that is, statements related to future, not past, events. These statements may be identified by words as “expects”, ”looks forward to”, “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will” or wor
Slide 3: A lighting specialist offering one-stop-shopping
A lighting specialist offering one-stop-shopping Precision Materials & Display/Optic Components 4% 8% Ballasts and Luminaires 11% Worldwide Sales 49% General Lighting by Division Opto Semiconductors1) 12% 100% = € 4.6 bn FY06 16% Automotive Lighting 1) LED sales are included in the figure for Opto S
Slide 4: Continuing Sales Growth
Continuing Sales Growth Sales Development Volume 12% Growth is technologically and regionally driven growth 1) through strong efforts in key growth markets 8% 5% 6% 1% High demand of energy efficient products Comparable 8% growth 2) 6% 4% 3% -2% Application oriented system solutions – as drive
Slide 5: Growth through innovative and energy saving products and systems
Growth through innovative and energy saving products and systems LED HCI 1) CFLI 2) Electronic Ballasts Stepping towards High quality lighting Public focus on Benefiting from general lighting solutions offering e.g. climate change increasing demand solutions excellent color helping boosting
Slide 6: Growth through regional focus
Growth through regional focus Regional distribution BRIC – growth rates OSRAM vs market 11% 16% 3% 4% 1/3 1) 19% APAC 53% 43% Other regions OSRAM 1/3 12% Americas Market Europe 33% 37% 1/3 FY01 FY06 FY15E ø FY04 - FY06 nominal Megatrends: demographic change and urbanization 1) Other regions included
Slide 7: Strong contributor to Siemens' performance
Strong contributor to Siemens’ performance Group profit Profit in €m Profit Margin Profit in % of sales Successfully met Profit Margin target over the 10.8% last years with innovative products as key driver 10.5% 10.5% 9.8% Target margin Met profit margin FY06 and FY07: 8.4% 445 465 481 – clear
Slide 8: Balance productivity with customer proximity
Balance productivity with customer proximity Increasing presence in LCC High-cost countries Current key investments in factories Low-cost countries as % of headcount Asia − India: new plant for energy saving products being built − China: expansion of site in Foshan ongoing 59% 54% 51% − Malaysia:
Slide 9: Strong cash contributor for years
Strong cash contributor for years Profit converted into Cash Free Cash Flow in €m Cash Conversion Rate Continuous high cash contribution 1.3 over the last 4 years 1.0 1.0 0.9 Active Working Capital management 516 as a main success factor. Inventory and 458 0.8 435 446 receivables management on h
Slide 10: Efficient use of capital employed
Efficient use of capital employed Accelerated ROCE Profit in €m ROCE 23% 23% 23% ROCE on high level due to continuous asset 19% management and positive profit development 465 481 14% 410 445 Organic growth delivers required high returns 365 Complementary M&A approach FY02 FY03 FY04 FY05 FY06 P
Slide 11: OSRAM benefiting from megatrends
OSRAM benefiting from megatrends Megatrends Consequences OSRAM OSRAM targeted Increasing demand of High demand of sustainable key applications natural resources products Illumination Asia and Eastern Europe with Visualization Regional shift in strong demand on energy economic gravity efficient l
Slide 12: Key applications of future lighting business
Key applications of future lighting business Illumination Visualization Sensing Special 4% * 11% * 6% * 6% * Making something visible Use light to display Light is detected or Other applications from any type of information detects something material and water treatment to medical e.g. energy saving
Slide 13: Shaping the future of lighting
Shaping the future of lighting 1) 1) “Pictures of the lighting future“ – study performed by OSRAM innovation management Page 13 Capital Market Days 2007
Slide 14: Energy efficiency is driven by innovation and high quality
Energy efficiency is driven by innovation and high quality Application in Energy saving through innovative CO2 saving / general lighting lamp technologies lamp / year 1) High Pressure High Pressure Street lighting Mercury ~40% Sodium 130 kg CO2 Office- + Industry FL with FL with 3-band Halophosphate
Slide 15: Triple-win-situation with energy efficient products
Triple-win-situation with energy efficient products Customer Benefit: Saving money B2C Example: €123 savings in entire lifetime simply by replacing an 100 W incandescent lamps through a 20 W Compact fluorescent lamp OSRAM Dulux EL Longlife (15,000 hrs) B2B Example: Shiplighting – modern cruisers w
Slide 16: LED technology as a key driver for past and future growth
LED technology as a key driver for past and future growth in US$m OSRAM`s opto semiconductors business 9,000 Number 2 market position 8,000 Broadest patents and products portfolio in the market to meet the needs of current and potential customers on: 7,000 − Visible LED 6,000 − Laser − Infra Red
Slide 17: LED Systems driving profitable growth
LED Systems driving profitable growth System Component Chip / Basic Driver / Control / Application Optics Housing Package component Power supply Software Service LED Chip LED Component LED Systems Page 17 Capital Market Days 2007
Slide 18: Bright future requires expanding R&D activities
Bright future requires expanding R&D activities Opto R&D mix R&D mix Semiconductors development development by region by technology 2011 1) 2006 1) Americas Americas Europe Europe APAC APAC 2006 1) 2011 1) Lamps & Opto Semiconductors Electronics Lamps & Electronics 1) Diagrams show relations not act
Slide 19: Priorities to achieve the goals
People Portfolio Excellence Develop talent globally Build on our strengths in Strengthen leadership Energy & Environmental development People Care Attain high performance Portfolio Automation & Control, Excellence culture Industrial & Public Strengthen expert careers Infrastructures Pe
Slide 20: OSRAM's key take aways
OSRAM's key take aways Positive market outlook Strong presence in growth regions Energy saving products / systems and opto semiconductors as key growth drivers Innovation as lifeblood – R&D as innovation driver Well balanced product range for lighting applications of the future Strict ex
Slide 21: Reconciliations and definitions
Reconciliations and definitions ”Group profit from Operations” is reconciled to ”Income before income taxes” of Operations under ”Reconciliation to financial statements” on the table ”Segment information.” See ”Financial Publications/Quarterly Reports, FY07 Q2, Financial Statements” at our Investor
Slide 22: Siemens Investor Relations Team
Siemens Investor Relations Team Marcus Desimoni +49-89-636-32445 Roland Bischofberger +49-89-636-36165 Florian Flossmann +49-89-636-34095 Irina Pchelova +49-89-636-33693 Christof Schwab +49-89-636-32677 Susanne Wölfinger +49-89-636-30639 Webpage: http://www.siemens.com/investorrelations e-mail: inve