Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Investor Day (June 2011)
23 slides from Siemens Aktiengesellschaft's investor day presentation, Jun 28, 2011
Slide 1: Siemens in India – The growth story continues
Siemens in India – The growth story continues Dr. Armin Bruck Managing Director of Siemens Ltd. India CEO Siemens Cluster South Asia Capital Market Days "Emerging Markets" Shanghai, June 28, 2011 Copyright © Siemens AG 2011. 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: India, in size bigger than Western Europe or 40% of USA
India, in size bigger than Western Europe or 40% of USA & the largest democracy in the world ! 7 mega cities with > 70 m population GDP growth 8-9% Sound financial system Patent bill intact Middle class 350 m people 300 m English speaking 4th largest economy, soon surpassing Japan Young nation 50% l
Slide 4: Today Siemens has a widespread "Nationwide Network" of establishments in India
Today Siemens has a widespread "Nationwide Network" of establishments in India Resources & Volumes & size employees € 2.4 bn domestic Srinagar 54 sales offices Major Offices orders and € 344 m Ludhiana Jalandhar Sales outlets 9 Software centers / export orders in 2010 Chandigarh Hardwar Factor
Slide 5: Siemens in India – Outstanding growth
Siemens in India – Outstanding growth Fiscal year First half year CAGR 2.3 yoy 2.0 Orders 1.0 1.0 (in € bn) +19% +108% FY05 FY10 H1 FY10 H1 FY11 CAGR 1.9 yoy 1.1 0.8 Revenue (in € bn) 0.6 +28% +25% FY05 FY10 H1 FY10 H1 FY11 CAGR 13.6 yoy 15.1 12.9 Employees 7.0 +17% (in thousand) +14% FY05 FY10 H1 F
Slide 6: HVDC transmission contracts awarded to Siemens India
3 High Voltage Direct Current (HVDC) transmission contracts have been awarded to Siemens India in the past EX AM PL E Talcher – Kolar (2002) Asia's biggest transmission project Bheramara Longest HVDC Project – 1,400 km Bangladesh Balia – Bhiwadi (2005) m 5k 12 CO2 Abatement estimated at Bahara
Slide 7: Delhi International Airport T3 – Siemens provides baggage handling system
Delhi International Airport T3 – Siemens provides baggage handling system EX AM PL E Siemens delivered the most advanced baggage handling system in India at Terminal 3 of Delhi International Airport Fully automated in-line system, involves 5 level screening process, the 6.4 km conveyers have a c
Slide 8: Medanta Medicity Healthcare Project – Access to quality healthcare solutions
Medanta Medicity Healthcare Project – Access to quality healthcare solutions EX AM PL E Hospital facility includes SOMATOM definition Flash CT Scanner-world’s fastest with lowest radiation dose Artis Zeego Cathlab – world's first hybrid OR system with robotic arm ACUSON SC2000 ultrasound syste
Slide 9: Future Key Challenges in India – Siemens answers
Future Key Challenges in India – Siemens answers Enhanced local portfolio & financing New Non-Banking Finance Company Infrastructure Gap operating in India Manufacturing footprint growing year by year Affordability / "SMART" approach bottom of the >4,900 R&D1) Resources in India pyramid market
Slide 10: Factories in operation, new ones expected to be operational in next 18 months
20 Factories in operation, 6 new ones expected to be operational in next 18 months Existing Energy factories Existing Industry factories New Green field factories Power Transformers LV Switchgear Kalwa Kalwa Wind Turbines HV Ckt. Breaker Motors & Generators Baroda Aurangabad Kalwa Instrument Transfo
Slide 11: Factories in operation, new ones expected to be operational in next 18 months
20 Factories in operation, 6 new ones expected to be operational in next 18 months Page 11 Capital Market Days "Emerging Markets", Shanghai, June 28, 2011 Copyright © Siemens AG 2011. All rights reserved.
Slide 12: Leveraging India's IT skills for Siemens globally
Leveraging India's IT skills for Siemens globally Software R&D at Siemens corporate development center in Bangalore Manpower distribution Competencies Others Totally integrated automation Industry SCADA 4% Industry Workflow Solutions 25% Healthcare Medical image processing Smart Grids 12% Energy Pow
Slide 13: SMART success by Siemens in India
SMART success by Siemens in India >48 projects in development / implementation process EX AM PL E Steam turbines SST600 45 to 150MW Cost Target - 40% Localization Ramp-up from 30% to 100% in 3 yrs Filed Patents Sourcing Int. R&D1) Employees Volumes local Steel plant products 287 100 100 Sinter
Slide 14: City development has tremendous potential in India
City development has tremendous potential in India Siemens is well prepared for that USD 1.2 tr capital investment is required to meet Mass transport Solutions projected demand in Indian cities by 2030 Orders from Mumbai suburban trains and 7,400 km of Metros & Metros of Delhi, Mumbai, Kolkata, Chen
Slide 15: Siemens India image, well acknowledged
Siemens India image, well acknowledged We develop local entrepreneurs through local empowerment We select the best and our attrition rate down from 14% in 2007 to 7% today # of expats coming down to 4 / 1,000 local employees Page 15 Capital Market Days "Emerging Markets", Shanghai, June 28, 20
Slide 16: Siemens in India is well prepared to gain further market share
Siemens in India is well prepared to gain further market share India's Growth Story will continue with GDP growing 8-9%. 1 Huge Demand-Supply Gaps in Energy, Infrastructure, Industry and Healthcare Sectors will lead to Investments worth ~ USD 700 bn in next 5 years Our Portfolio perfectly matches th
Slide 17: 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 and order backlog; Adjus
Slide 18: Reconciliation and Definitions for Non-GAAP Measures (II)
Reconciliation and Definitions for Non-GAAP Measures (II) New orders and order backlog (continued) Order backlog represents an indicator for the future revenues of our Company resulting from already recognized new orders. Order backlog is calculated by adding the new orders of the current fiscal yea
Slide 19: Reconciliation and Definitions for Non-GAAP Measures (III)
Reconciliation and Definitions for Non-GAAP Measures (III) Return on equity (after tax), or ROE (after tax) In line with common practice in the financial services industry, Financial Services, or SFS uses return on equity (after tax), or ROE (after tax), as one of its key (after tax) profitability m
Slide 20: Reconciliation and Definitions for Non-GAAP Measures (IV)
Reconciliation and Definitions for Non-GAAP Measures (IV) Free cash flow and cash conversion rate Siemens defines Free cash flow as Net cash provided by (used in) operating activities less Additions to intangible assets and property, plant and equipment. The IFRS financial measure most directly comp
Slide 21: Reconciliation and Definitions for Non-GAAP Measures (V)
Reconciliation and Definitions for Non-GAAP Measures (V) Adjusted EBITDA margins at the Sector level Siemens defines adjusted EBITDA margins on the Sector level as the ratio of adjusted EBITDA to revenue (as presented in the “Notes to Consolidated Financial Statements”). Siemens intends to maintain
Slide 22: Reconciliation and Definitions for Non-GAAP Measures (VI)
Reconciliation and Definitions for Non-GAAP Measures (VI) Limitations on the usefulness of Siemens’ supplemental financial measures The supplemental financial measures reported by Siemens may be subject to limitations as analytical tools. In particular: With respect to new orders and order backlog
Slide 23: Revenue growth - Performance against competition
Revenue growth - Performance against competition Definition Revenue growth - Performance against competition To illustrate management’s perspective on the Company’s performance against competition, Siemens compares its own revenue growth rate with the weighted average revenue growth rate of its Sect