Siemens Energy Ag · XETR:ENR
Siemens Energy — 12th Annual Laguna Conference 2024
15 slides from Siemens Energy's conference presentation, Sep 11, 2024
Slide 1: Leading the Energy Transition
Leading the Energy Transition Maria Ferraro, CFO Siemens Energy 12th Annual Laguna Conference Dana Point, September 11, 2024 Siemens Energy is a trademark licensed by Siemens AG. Unrestricted © Siemens Energy, 2024
Slide 2: Disclaimer
Disclaimer INFORMATION AND FORWARD-LOOKING STATEMENTS This document contains statements related to our future business and financial performance, and future events or developments involving Siemens Energy that may constitute forward-looking statements. These statements may be identified by words suc
Slide 3: Siemens Energy is a global leader in the energy business
Siemens Energy is a global leader in the energy business ~ 1/6 98,750 of global electricity generation employees work as a team is based on our technology to energize society1 €31bn revenues in FY2023 We invest around We are present in > 90 countries €1bn annually in research and development 1 Numbe
Slide 4: Our mission and what we are doing
Our mission … … and what we are doing To transform the world We have been changing the shape of the company to capitalize on the energy transition of energy by supporting our customers on their Operational improvements introduced, including the path towards new group structure, have been playing out
Slide 5: Deliver on profitable growth
Deliver on profitable growth Higher than expected electricity growth is driving profitable growth Global electricity generation scenarios 2021 vs. 2023 (TWh) Gas Services Orders (€m) Revenue (€m) Book to bill 18,000 3.0 80,000 15,000 2.5 Net Zero 2023 75,000 +7% 12,000 2.0 Net Zero 2021 9,000 1.5 70
Slide 6: Increasing order backlog as a source of strength and resilience
Increasing order backlog as a source of strength and resilience Book-to-bill ratio Q3 FY24 SE order backlog development (€bn) +43% • Large majority of FY25 revenue 1.92 120 already secured in the backlog GS 112 1.41 • Increase across all businesses 97 • Stronger growth in new units 84 60 supporting
Slide 7: Growing in a transforming market
Version 18 Growing in a transforming market Gas Services • Inauguration of burner factory in Budapest Grid Technologies • Groundbreaking for power transformer factory expansions in Austria and Germany • SF6-free vacuum interrupter factory inaugurated in Berlin Siemens Gamesa • Ramp-up of new product
Slide 8: Fix the wind business – A clear way forward to return to profitability
Fix the wind business – A clear way forward to return to profitability Stabilizing 4.X and 5.X platforms and focus on core markets • No new technical findings and no material change to cost assumptions related to quality topics Onshore • Europe and US as core markets to be addressed by revised 4.X a
Slide 9: Financial framework: A long-term plan for value creation
Financial framework A long-term plan for value creation FY24 guidance and FY26 targets Group targets FY28 FY24 guidance FY26 targets Revenue Profit margin Revenue Margin MSD Revenue CAGR4 growth3 before SI1 CAGR4 reported1 Gas Services (2) – 0% 9 – 11% Flat 10 – 12% ≥8% Profit margin1 Grid Technolog
Slide 10: Appendix
Appendix 10 September 2024 Siemens Energy is a trademark licensed by Siemens AG. Unrestricted © Siemens Energy, 2024
Slide 11: Key Messages
Key Messages Highlights • Record orders at Gas Services and solid orders overall; increasing order backlog margin Q3 FY24 Financial Performance • Strong revenue growth driven by Grid Technologies, Siemens Gamesa • Order backlog at new high of €120bn and Transformation of Industries • Orders: -29.6%
Slide 12: Gas Services: Strong demand; profitability seasonally weaker
Gas Services: Strong demand; profitability seasonally weaker (incl. legacy item) Q3 FY241 Orders Revenue Profit before SI in €bn in €bn in €m >100% / >100%² 10.8% 4.4% 11.7% 14.4% 6.8% +1% / +1%² 5.3 2.7 2.8 2.7 2.6 2.7 (37)% 4.1 3.4 381 2.5 295 313 2.2 186 124 Q3 FY23 Q4 Q1 Q2 Q3 FY24 Q3 FY23 Q4 Q1
Slide 13: Grid Technologies: Strong revenue growth drives profitability
Grid Technologies: Strong revenue growth drives profitability Q3 FY241 Orders Revenue Profit before SI in €bn in €bn in €m (15)% / (18)%² 8.7% 7.8% 10.2% 11.4% 10.3% +30% / +26%² 8.2 2.2 2.3 +49% 2.0 2.1 1.8 250 237 4.3 213 3.7 3.5 159 158 2.3 Q3 FY23 Q4 Q1 Q2 Q3 FY24 Q3 FY23 Q4 Q1 Q2 Q3 FY24 Q3 FY2
Slide 14: Transformation of Industry: Strong growth and profitability
Transformation of Industry: Strong growth and profitability Q3 FY241 Orders Revenue Profit before SI in €bn in €bn in €m (13)% / (13)%² 6.5% 2.4% 9.2% 6.2% 7.8% +23% / +23%² 1.7 1.6 1.6 +48% 1.2 1.3 1.3 1.3 1.1 1.1 1.1 105 103 70 79 30 Q3 FY23 Q4 Q1 Q2 Q3 FY24 Q3 FY23 Q4 Q1 Q2 Q3 FY24 Q3 FY23 Q4 Q1
Slide 15: Siemens Gamesa: Developing in line with expectations
Siemens Gamesa: Developing in line with expectations Q3 FY24 Orders Revenue Profit before SI in €bn in €bn in €m (91)% / (91)%1 (124.1)% (25.6)% (20.9)% (19.4)% (17.5)% +25% / +25%1 7.4 2.6 2.6 82% 2.3 2.1 2.0 4.2 (664) (426) (448) (449) 1.6 0.9 0.7 (2,550) Q3 FY23 Q4 Q1 Q2 Q3 FY24 Q3 FY23 Q4 Q1 Q2