Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — Q1 2009 Earnings Presentation

13 slides from Siemens Aktiengesellschaft's earnings presentation, Jan 27, 2009

1. Slide 1: TAP: Strong Performance in Challenging Markets

   TAP: Strong Performance in Challenging Markets Peter Löscher, President and CEO Joe Kaeser, CFO Q1 Analyst Call January 27, 2009 Copyright © Siemens AG 2009. All rights reserved.

2. Slide 2: Safe Harbour Statement

   Safe Harbour Statement This document contains forward-looking statements and information – that is, statements related to future, not past, events. These statements may be identified by words such as “expects,” “looks forward to,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,”

3. Slide 3: TAP: Strong Performance in challenging markets – Key takeaways

   TAP: Strong Performance in challenging markets Our principles… Key takeaways ƒ Top-line holding up with strong revenue growth of 8% and robust book-to-bill ratio of 1.13x Increase ƒ No major cancellations in the backlog TRANSPARENCY ƒ Strong earnings expansion: +20% on total sector profit and +17% o

4. Slide 4: Macro environment deteriorated to historical lows

   Macro environment deteriorated to historical lows Global GDP growth 2009E 1) ISM Purchasing Manager Index 4 3.5% 3.2% 60 2.9% 2.1% 50.7 50.0 48.6 2 50 38.9 -0.5% 40 0 32.4 30 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Euro-zone Manufacturing PMI IFO Business Expe

5. Slide 5: Strong revenue growth driven by high order backlog

   Strong revenue growth driven by high order backlog Q1 Order Growth y-o-y 1) y-o-y Q1 Order Revenue Mobility growth 1) growth 1) -2% Siemens -7% 8% Europe/C.I.S./Africa/ ME (therein Germany) +14% Industry -11% 1% Industry Automation -13% -4% Americas -15% (therein USA) Drive Technologies -16% 6% -10%

6. Slide 6: Highlights of Q1 09

   Highlights of Q1 09 ƒ Top line holding up in challenging times benefiting from diversified portfolio: robust book-to-bill at 1.13x on the back of strong revenue growth at +8%1) ƒ Orders slightly above previous quarter, down 7% y-o-y, no major cancellations: ƒ Industry (-11%): double digit decline at

7. Slide 7: TAP – consistent execution against plan

   TAP – consistent execution against plan Reporting dates Milestones (deliverables)1) November 2007 ƒ New organization approved Supervisory Board ƒ Managing Board incl. Sector CEO approved ƒ Sector CFO named December 2007 ƒ Division CEO and CFO named January 2008 ƒ New target margins for Energy and In

8. Slide 8: Questions and Answers

   Questions and Answers Page 8 Q1 Analyst Call, January 27, 2009 Copyright © Siemens AG 2009. All rights reserved.

9. Slide 9: Financial calendar

   Financial calendar January 27, 2009 January Q1 financial report and analyst conference call Annual General Meeting February 2009 February Post-Q1 roadshows with CEO / CFO (USA, London) March to be announced April 29, 2009 April Q2 financial report and semiannual analyst conference Page 9 Q1 Analyst

10. Slide 10: Siemens investor relations contact data

    Siemens investor relations contact data Michael Sen +49-89-636-33780 Munich Office +49-89-636-32474 US Office +1-408-464-2004 Internet: http://www.siemens.com/investorrelations Email: investorrelations@siemens.com Fax: +49-89-636-32830 Page 10 Q1 Analyst Call, January 27, 2009 Copyright © Siemens AG

11. Slide 11: Reconciliation and Definitions for Non-GAAP Measures (I)

    Reconciliation and Definitions for Non-GAAP Measures (I) Profit Total Sectors is reconciled to “Income from continuing operations before income taxes” under “Reconciliation to consolidated financial statements” in the table “Segment Information.” See our Financial Publications at our Investor Relati

12. Slide 12: Reconciliation and Definitions for Non-GAAP Measures (II)

    Reconciliation and Definitions for Non-GAAP Measures (II) Average Capital employed and average Assets for the fiscal year are calculated as a “five-point average” obtained by averaging Capital employed and Assets at the beginning of the first quarter plus the final figures for all four quarters of t

13. Slide 13: Reconciliation and Definitions for Non-GAAP Measures (III)

    Reconciliation and Definitions for Non-GAAP Measures (III) Our capital structure target is based on an Adjusted industrial net debt divided by EBITDA (adjusted). For the calculation of Adjusted industrial net debt, we subtract from Net debt (defined as Long-term debt plus Short-term debt and current

Siemens — Q1 2009 Earnings Presentation on 6ix