Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — 2009 Credit Suisse Capital Goods and Aerospace and Defence Conference
18 slides from Siemens Aktiengesellschaft's conference presentation, Sep 9, 2009
Slide 1: TAP: Solid performance in a tough environment
TAP: Solid performance in a tough environment Joe Kaeser, CFO 2009 Credit Suisse Capital Goods and Aerospace and Defence Conference September 9, 2009 Copyright © Siemens AG 2009. All rights reserved.
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,”
Slide 3: TAP: Solid performance in a tough environment
TAP: Solid performance in a tough environment Our principles… Key takeaways Fully on track to deliver targets for FY09 Increase Strong competitive performance under TRANSPARENCY challenging market conditions Solid cash flow and strong balance sheet Enforce demonstrating financial flexibility and sta
Slide 4: Stringent execution on SG&A savings in relative and absolute terms
Stringent execution on SG&A savings in relative and absolute terms Absolute SG&A performance Relative SG&A cost development shows in P&L in % of revenue: -270bp 16.7% 14.0% -16% €bn 12.1 €bn 9.5 8.0 Q3 3.2 -19% 8.0 2.6 Selling 8.9 -22% Q2 3.2 6.4 2.5 -6% G&A 3.2 Q1 3.1 2.9 1.6 FY07 Q3 YTD 09 Q3 YTD
Slide 5: Continuous focus on capex
Continuous focus on capex Capex development Capex spending under control Total Groups Total Sectors Capex / Well below target range Depreciation 150% since Q1 FY09 140% 127% 130% 116% Stringent approach by Industry 120% 115% and Healthcare given current 110% Target 100% 113% Range difficult market e
Slide 6: 97% of Other Operations activities solved
97% of Other Operations activities solved Breakdown of OOP Target scenarios Implementation status OOP business activities OOP business activities OOP business activities Revenue Implementation status by activities in €bn 187 business activities Exit via 2.3 ramp- 3% Primary outside Germany Revenue:
Slide 7: Siemens continues to invest in its innovative strength
Siemens continues to invest in its innovative strength R&D investments in % of sales Examples R&D in % of sales First tram without overhead 7.0 contact lines and with energy storage 6.0 5.4% 5.1% 4.9% 5.0 4.7% 4.7% World’s most powerful gas turbine 4.0 with efficiencies over 60% in combined cycle op
Slide 8: Our innovations address key customer needs
Our innovations address key customer needs World’s first tram without World’s most powerful World’s fastest CT with OCL1) and with energy storage gas turbine lowest radiation Energy efficient trams H-Frame gas turbine Somatom Definition Flash Hybrid energy storage system Fast start-up capability & W
Slide 9: Current business environment – stringent execution of productivity programs required
Current business environment – stringent execution of productivity programs required Energy Fossil Power: High quality backlog, slow-down of order intake expected; seasonal weakness in service business in Q4 FY09 Renewable: Off-shore business doing well, temporary slow-down in revenues before large
Slide 10: Weak market development in Industry Sector with short- and potentially medium term implications
Weak market development in Industry Sector with short- and potentially medium term implications Market volume Industry markets will not Structural adjustments recover to 2008 levels anytime soon Immediate actions (Cutting Immediate actions have discretionary been taken to react to the spending, shor
Slide 11: What we expect for the remainder of 2009
What we expect for the remainder of 2009 Growth target remains unchanged: 2x global GDP growth1) Total Sectors profit is expected to exceed the prior year level of €6.6bn Growth in income from continuing operations expected to exceed growth in Total Sectors profit This outlook excludes portfolio eff
Slide 12: TAP: Consistent execution against plan
TAP: Consistent execution against plan Reporting dates Milestones (deliverables) January 2008 New target margins for Energy and Industry Sector Q1 call and AGM Target margins for Divisions April 2008 Update on SG&A project Q2 analyst conference Start reporting in new structure July 2008 Outline new
Slide 13: Financial calendar
Financial calendar September September 9, 2009 Credit Suisse “2009 Capital Goods and Aerospace Conference” (London) September 29, 2009 Capital Market Day “Healthcare” (London) October - November 17, 2009 November Nomura “German Suisse Conference” (Tokyo) December December 3, 2009 Q4 financial report
Slide 14: Siemens investor relations contact data
Siemens investor relations contact data Mariel von Drathen +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 14 Credit Suisse 2009 Capital Goods and Aerospace an
Slide 15: Reconciliation and Definitions for Non-GAAP Measures (I)
Reconciliation and Definitions for Non-GAAP Measures (I) To supplement Siemens’ Consolidated Financial Statements presented in accordance with International Financial Reporting Standards, or IFRS, Siemens presents the following supplemental financial measures: New orders; Adjusted or organic growth
Slide 16: Reconciliation and Definitions for Non-GAAP Measures (II)
Reconciliation and Definitions for Non-GAAP Measures (II) Adjusted or organic growth rates of Revenue and new orders In its financial reports, Siemens presents, on a worldwide basis and for each Sector and Cross-Sector Business, the percentage change from period to period in Revenue and new orders a
Slide 17: Reconciliation and Definitions for Non-GAAP Measures (III)
Reconciliation and Definitions for Non-GAAP Measures (III) ROCE at the Siemens group level, on a continuing operations basis Siemens also presents group ROCE on a continuing operations basis. For this purpose, the numerator is Income from continuing operations and the denominator is CE, less Assets
Slide 18: Reconciliation and Definitions for Non-GAAP Measures (IV)
Reconciliation and Definitions for Non-GAAP Measures (IV) Adjusted industrial net debt Siemens defines adjusted industrial net debt as net debt less (1) SFS debt excluding SFS internally purchased receivables; less (2) 50% of the nominal amount of our hybrid bond; plus (3) the funded status of pensi
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