Slide 1: Exchange filing cover letter
9th December, 2022 National Stock Exchange of India Limited BSE Limited Scrip Code – National Stock Exchange of India Limited: SIEMENS EQ BSE Limited: 500550 Information pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir / Madam,
Slide 2: Siemens Limited Q4 FY 22 Analyst Call
Siemens Limited Q4 FY 22 Analyst Call Sunil Mathur, Managing Director & Chief Executive Officer Daniel Spindler, Executive Director & Chief Financial Officer 9th December 2022 Page 1 Unrestricted | © Siemens 2022 | 2022-12-09 | Q4 FY 22 Analyst Call
Slide 3: Disclaimer
Disclaimer This presentation has been prepared solely for use at the investor/analyst meet. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: a) Siemens Limted (“Siemens” or “Company”) cannot give assu
Slide 4: Agenda
Agenda Business highlights Financial highlights (Continuing Operations without Large Drives Applications) Summary Page 3 Unrestricted | © Siemens 2022 | 2022-12-09 | Q4 FY 22 Analyst Call
Slide 5: FY 22 Highlights
FY 22 Highlights Continued capex spend by Public and Private sectors Revenues impacted by supply chain challenges Continued focus on localisation Uptick in digital solutions to drive customer productivity & energy efficiency Page 4 Unrestricted | © Siemens 2022 | 2022-12-09 | Q4 FY 22 Analyst Call
Slide 6: Vertical markets continued to grow in 2022
Vertical markets continued to grow in 2022 Vertical Market Trends 2022 Headwinds Generation Data Center Automotive Chemicals Geopolitical turmoil Transmission Buildings e-Mobility Pharma Inflation/ Interest rates Distribution Railways F&B Intralogistics Supply Chain Page 5 Unrestricted | © Siemens 2
Slide 7: Siemens Energy: Growth in Industrial business
Siemens Energy: Growth in Industrial business Key Orders, FY 22 Orders, billion INR 22% 62.3 51.1 Powering Steel Plant Modernization & Spares Supporting capacity expansion Heat rate improvement with 220kV GIS substation by 7% FY 21 FY 22 Growth Drivers Challenges • Growth in transmission network cap
Slide 8: Smart Infrastructure: Leveraging the infrastructure push
Smart Infrastructure: Leveraging the infrastructure push Key Orders, FY 22 Orders, billion INR 30% 52.6 40.4 DISCOM Privatization Data Center Electrification Compact substation, RMU1) Substation, IBMS2), Fire Systems - high efficiency, reliability, safety FY 21 FY 22 Growth Drivers Challenges • High
Slide 9: Digital Industries: Strong growth continues
Digital Industries: Strong growth continues Key Orders, FY 22 Orders, billion INR 45.9 53% 30.0 Greenfield Petrochem Vaccine Manufacturing Analytical Package for Gas End-to-end Automation, Cracker, Nigeria Cybersecurity for the plant FY 21 FY 22 Growth Drivers Challenges • Large orders in Sugar, Pet
Slide 10: Mobility: Electrification orders providing impetus
Mobility: Electrification orders providing impetus Key Orders, FY 22 Orders, billion INR 33.4 136% 14.2 Pune Hinjewadi Metro1) Signaling for RVNL2) First PPP Metro project One of the biggest Signaling in India orders FY 21 FY 22 Growth Drivers Challenges • Large orders such as Pune Hinjewadi Metro •
Slide 11: Sustainability Business is increasing in importance for our customers
Sustainability Business is increasing in importance for our customers Waste Heat Energy Efficiency Electric Recovery Program Mobility Reducing carbon footprint at a large Driving resource efficiency and decarbonization Providing eCharging infrastructure at Cement producer for F&B, Hospitality, Autom
Slide 12: Xcelerator – Siemens is the partner of choice in digital transformation
Xcelerator – Siemens is the partner of choice in digital transformation A comprehensive, curated portfolio that includes digital and IoT-enabled offerings from Siemens and certified partners A continuously growing, powerful ecosystem of partners An evolving marketplace that enables education, explor
Slide 13: Xcelerator – Portfolio Design Principles
Xcelerator – Portfolio Design Principles IT Applications & Software Interoperable Flexible Cloud Open Edge Computing As a service Field devices, sensors … Cybersecure OT Page 12 Unrestricted | © Siemens 2022 | 2022-12-09 | Q4 FY 22 Analyst Call
Slide 14: Agenda
Agenda Business highlights Financial highlights (Continuing Operations without Large Drives Applications) Summary Page 13 Unrestricted | © Siemens 2022 | 2022-12-09 | Q4 FY 22 Analyst Call
Slide 15: Q4 FY 22: Continued growth in New Orders and Revenue driving stable EBITDA
Q4 FY 22: Continued growth in New Orders and Revenue driving stable EBITDA New Orders Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) +25.4% +10.8% +11.1% Profit before Tax Profit after Tax Earnings per Share (% of revenue) (% of revenue) (in INR) +12.4% +9.3% ₹ 11.01 Page 14 Unrestricted | © Siemens
Slide 16: FY 22: Double-digit top line growth supporting stable double-digit EBITDA
FY 22: Double-digit top line growth supporting stable double-digit EBITDA New Orders Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) +43.1% +18.3% +11.0% Profit before Tax Profit after Tax Cash from (% of revenue) (% of revenue) Operations (in billion INR) +11.5% +8.6% ₹14.2 Page 15 Unrestricted | © S
Slide 17: Orders: Steady y-o-y growth in New Orders also based on growth in Base Business
Page 16 Orders: Steady y-o-y growth in New Orders also based on growth in Base Business y-o-y development figures in billion INR +64.6% +70.2% +20.3% Healthy order +145.0% +25.4% backlog of 171.8 +10.3% +12.5% +3.0% Growth in Base Business 51.5 52.7 49.9 41.5 40.1 Multiple large orders 31.3 30.9 32.
Slide 18: Orders: Balanced mix enriched by large domestic orders
Orders: Balanced mix enriched by large domestic orders expanding project business % of new orders Portfolio Mix Export & Domestic Government & Private Project Export Government Product and Service Domestic Private 15.7% 14.2% 20.2% 15.5% 36.4% 37.6% 84.3% 85.8% 79.8% 84.5% 63.6% 62.4% FY 21 FY 22 FY
Slide 19: Revenue: Strong quarter to quarter growth for several quarters in a row
enue Strong quarter to quarter growth repeatedly for several quarters in a row y-o-y development figures in billion INR + +10.8% +15.9% +50.6% Book-to-bill at 1.33 +29.1% +7.7% trends towards growth +10.9% +17.0% +135.9% Strong Order backlog execution throughout 42.4 38.2 38.6 FY 22 31.7 30.7 34.2 2
Slide 20: EBITDA remains above 11% despite unfavorable FX/Commodity impact
Page 19 TDA Despite unfavorable FX/ Commodity impact EBITDA remains above +11% % of revenue figures in billion INR + +11.1% +13.5% +11.1% +12.6% Operational margin +9.8% stable +12.8% +10.7% Better price +8.8% extraction +4.3 +4.7 +4.3 +4.2 +3.5 +3.8 +3.3 +2.3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY 21 FY 21 FY
Slide 21: Bridge: Underlying EBITDA margin improved without FX/Commodity impact
TDA Bridge: Underlying EBITDA margin improved without FX/ Commodity impact figures in million INR FY 21 FY 22 Q4 FY 21 Q4 FY 22 Revenue from contracts with customers 123,280 145,881 38,228 42,367 EBITDA as reported 14,311 16,070 4,236 4,696 Margin (% of revenue) 11.6% 11.0% 11.1% 11.1% Included: FX
Slide 22: FY 22 performance
FY 22 performance New Order Revenue xx.x% EBITDA % of revenue figures in billion INR +22% +13% +30% +16% 62.3 46.9 53.0 52.6 45.0 51.1 40.4 38.9 +14.3% +11.9% +9.8% +10.4% FY 21 FY 22 FY 21 FY 22 FY 21 FY 22 FY 21 FY 22 +20% +53% +136% +56% 34.9 45.9 29.2 33.4 12.8 30.0 8.2 +11.1% 14.2 +8.8% +6.7% +
Slide 23: Agenda
Agenda Business highlights Financial highlights (Continuing Operations without Large Drives Applications) Summary Page 22 Unrestricted | © Siemens 2022 | 2022-12-09 | Q4 FY 22 Analyst Call
Slide 24: Outlook for 2023: Strong momentum to continue
Outlook for 2023: Strong momentum to continue Government spending on infrastructure capex to drive growth Private capex to continue in critical verticals (Semiconductors, Data Centers, EV) Mobility offerings to be expanded to complete systems (Rolling Stock, Bogies, Turnkey, etc.) Selective particip