Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — Q1 2008 Earnings Presentation

14 slides from Siemens Aktiengesellschaft's earnings presentation, Jan 24, 2008

1. Slide 1: Siemens Q1 FY08 Flashlight

   Siemens Q1 FY08 Flashlight The Analyst Call will start on January 24, at 8.30 a.m. CET, and will be webcast on www.siemens.com/investorrelations The Press Conference will take place in Munich, on January 24, at 7.45 a.m. CET, and will be webcast on www.siemens.com/press

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: Highlights

   Highlights ƒ We are moving forward on our strategic agenda – New demanding sector and divisional margin target ranges: Energy sector from 9-13%1) to 11-15%, Industry sector from 9-11%1) to 9-13% ƒ Siemens‘ strong fundamental growth opportunities remain in place – Strong top-line growth2): New Orders

4. Slide 4: Key Items from the Earnings Release relating to Q1 (I)

   Key Items from the Earnings Release relating to Q1 (I) Industry Energy ƒ A&D: robust growth and earnings conversion ƒ PG: performance unacceptable in fossil business, new – Margin: 16.0% margin, 16.7% excluding PPA & leadership in place integration costs and the business sale gain – Charges: More th

5. Slide 5: Key Items from the Earnings Release relating to Q1 (II)

   Key Items from the Earnings Release relating to Q1 (II) Medical Other Operating Businesses ƒ Medical: strong position in long-term growth market ƒ SIS: improved cost structure – Margin: 12.5% margin, 15.7% excluding PPA and ƒ SEI integration costs – Profit: SEI total group profit of €26m – PPA: €(86

6. Slide 6: Key Items from the Earnings Release relating to Q1 (III)

   Key Items from the Earnings Release relating to Q1 (III) Central Items, Pensions & Eliminations Discontinued Operations ƒ Central items, pensions & eliminations ƒ Total income: €5.397bn – Total cost of €(307)m ƒ SV activities: ~€5.4bn income, including the operating result – Q1 07 total costs: €(658

7. Slide 7: Q1 FY08 Key Figures – New Orders and Revenues

   Q1 FY08 Key Figures – New Orders and Revenues € in millions New Orders Revenues Y-o-Y Y-o-Y Y-o-Y Comp. Q-o-Q Y-o-Y Comp. Q-o-Q Q1 FY07 Q4 FY 07 Q1 FY 08 Growth Growth Growth Q1 FY07 Q4 FY 07 Q1 FY 08 Growth Growth Growth SIS 1,361 1,595 1,225 -10% -11% -23% 1,314 1,438 1,340 2% 4% -7% A&D 4,019 4,3

8. Slide 8: Q1 FY08 Key Figures – Earnings and Margins

   Q1 FY08 Key Figures – Earnings and Margins € in millions Profit Profit Margin Q1 FY07 Q4 FY 07 Q1 FY08 Q1 FY07 Q4 FY07 Q1 FY 08 SIS 26 80 70 2.0% 5.6% 5.2% A&D 450 607 655 13.3% 13.8% 16.0% I&S 90 130 121 4.3% 5.2% 5.4% SBT 72 102 78 5.9% 7.5% 6.5% PG 169 358 135 6.2% 10.1% 4.5% PTD 130 225 204 7.5%

9. Slide 9: Q1 Development Corporate Pensions

   Q1 Development Corporate Pensions Funded status has improved since Sept. 2007, mainly due to ƒ an increase in the discount rate assumption at December 31, reducing the DBO ƒ fundings in UK and Germany, and ƒ the disposal of Siemens VDO pension liabilities. According to 20F, in billions of euros FY 0

10. Slide 10: SFS net debt – Q1 FY08

    SFS net debt – Q1 FY08 Almost all SFS assets, and consequently SFS debt, are related to business with external customers except for the internal receivables financing business Assets Liabilities 8.933 863 7.334 SFS debt for 0.1 bn financing of operating groups Approx. 10% internal business, down fro

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

    Reconciliation and Definitions for Non-GAAP Measures (I) Group profit from Operations is reconciled to Income before income taxes of Operations under Reconciliation to financial statements on the table Segment Information. See our Financial Publications at our Investor Relations website under www.si

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

    Reconciliation and Definitions for Non-GAAP Measures (II) Average calculation for CE*: Year-to-Date Q1 2 Point average: (CE ending Q4 Prior year + CE ending Q1) / 2 Q2 3 Point average: (CE ending Q4 Prior year + CE ending Q1 + CE ending Q2) / 3 Q3 4 Point average: (CE ending Q4 Prior year + CE endin

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

14. Slide 14: Siemens Investor Relations Team

    Siemens Investor Relations Team Michael Sen +49-89-636-33780 Florian Flossmann +49-89-636-34095 Sabine Groß +49-89-636-35755 Irina Pchelova +49-89-636-33693 Christof Schwab +49-89-636-32677 Dr. Gerd Venzl +49-89-636-44144 Susanne Wölfinger +49-89-636-30639 Webpage: http://www.siemens.com/investorrel

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