Slide 1: Cover letter to stock exchanges
20th December, 2024 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: Analyst Meet | Mumbai | 20.12.2024
Analyst Meet | Mumbai | 20.12.2024 Siemens Limited | FY 2024 Sunil Mathur, Managing Director & Chief Executive Officer Wolfgang Wrumnig, Executive Director & Chief Financial Officer Page 1 Unrestricted | © Siemens 2024 | 2024-12-20 | FY24 Analyst Meet
Slide 3: Disclaimer
Disclaimer This presentation has been prepared solely for use at the investor/analyst call. By attending the call where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: a. Siemens Limited ("Siemens" or "Company") cannot give assura
Slide 4: Connecting Real & Digital world
Connecting Real & Digital world Right Technology Right Strategy Robust execution Digitalization, Siemens Xcelerator ONE Tech Company Consistent project execution Page 3 Unrestricted | © Siemens 2024 | 2024-12-20 | FY24 Analyst Meet
Slide 5: Business Highlights
Business Highlights Financial Highlights Summary Page 4 Unrestricted | © Siemens 2024 | 2024-12-20 | FY24 Analyst Meet
Slide 6: Continued confidence in India's growth story
Continued confidence in India’s growth story • Government spending in infrastructure continued in H1, albeit at a slower pace. Expected to pick up in H2 • First signs of consumption uptick; Manufacturing PMI: 56.51 • Private sector capex mainly in new age technologies i.e. Semiconductor, Batteries,
Slide 7: Vertical markets – Capex investment trends
Vertical markets – Capex investment trends Verticals Investment trend Verticals Investment trend Automotive Food & Beverage Power Utilities (T&D) Metals Data Centers Cement Commercial Buildings Mobility - Mainline, Metros Pharma Semiconductor Chemicals Batteries Machine building Water Page 6 Unrestr
Slide 8: Accelerating digital transformation
| Accelerating digital transformation Factory Automation Process Automation Motion Control Customer Services Automation Products for Discrete Automation products & Solutions for Motion control products for Machine Spares, Repairs, Upgrades, Industries, SCADA, HMI, PLC, Process Industries, DCS, Compo
Slide 9: Automation & Digitilization Solutions
| Automation & Digitilization Solutions Key Projects figures in million INR 532.0 172.0 Leading Metal producer Leading Pharma & Chemicals company Variable frequency drive Paperless operations through Integrated control (DCS1) & digitalized > 20% Energy savings (MES2) solution in manufacturing >60% r
Slide 10: Empowering our customers to scale sustainable impact
| Empowering our customers to scale sustainable impact Electrification Electrical Buildings Grid Software E-Mobility and Automation Products Fire Safety, Building and room Grid operations software AC & DC Chargers, Medium-voltage switchgear LV Protection devices, automation, Building and grid contro
Slide 11: Building a sustainable future
| Building a sustainable future figures in million INR Key Projects ~ 525.0 ~ 2000.0 Premium Real Estate Customer Major Gujarat discom Security & Building management solution for high-rise commercial 11 KV Ring Main units for 4 towns space (42 million sq. feet) Revamping of redundant & reliable elec
Slide 12: Creating sustainable mobility solutions
| Creating sustainable mobility solutions Rail Infrastructure Rolling Stock Turnkey Customer Services Metro & Mainline Signaling, Locomotives, Propulsion systems, Signaling+Electrification+Depot Servicing of Traction control converter Axle Counters, Metro Electrification Hotel load converter, Bogies
Slide 13: Mega projects propelling growth
| Mega projects propelling growth Key Projects figures in million INR ~ 2500.0 ~ 5600.0 Indian Railways Metro - Bangalore Propulsion system for 6000 HP Phase 2A, 2B Electrification Consortium with RVNL1 1) Rail Vikas Nigam Limited Page 12 Unrestricted | © Siemens 2024 | 2024-12-20 | FY24 Analyst Mee
Slide 14: Making Energy Transition work
| Making Energy Transition work Grid Technologies, 66 kV-800 kV Transformation of Industry Gas Services Project Management Hub High Voltage High Voltage Electrification, Automation & Services Generation, Transmission & GIS1) AIS2) Digitalization solutions Gas Turbines Industrial projects High Voltag
Slide 15: Continued momentum from energy demand and transition
| Continued momentum from energy demand and transition Key Projects figures in million INR ~ 2600.0 ~ 2200.0 Leading Transmission Utility Major TBCB1 player +550/-425 MVAr Static compensation solution (STATCOM) 13x500 MVA, 765 KV Transformer Grid stability for RE integration Energy transmission 1) T
Slide 16: Siemens Xcelerator: Central to winning as ONE Tech Company
Siemens Xcelerator: Central to winning as ONE Tech Company Value Verticals Interoperable Productivity Buildings Siemens Flexible Utilities Resource Efficiency Open Industries Customers Energy Performance Partners Developers As a service Speed & Scalability Data Centers Cybersecure Sustainability foc
Slide 17: Siemens Xcelerator and vertical know-how drive customer value
Siemens Xcelerator and vertical know-how drive customer value Leading Metal company Leading Hospitality Chain Leading FMCG company Cybersecurity in heterogenous OT environment Annual Energy savings > 13% Spray dryer digital twin Threat assessment & counter measures Annual emission savings: 370 t CO2
Slide 18: Expect to complete the demerger & listing in CY 2025
| In Progress Board Stock Exchange / NCLT Application NCLT Petition & Listing & Trading Approval SEBI Approvals & Shareholder / Regulatory Approvals Creditor Approvals Approvals Expect to complete the demerger & listing in CY 2025 Page 17 Unrestricted | © Siemens 2024 | 2024-12-20 | FY24 Analyst Mee
Slide 19: Financial Highlights
Business Highlights Financial Highlights Summary Page 18 Unrestricted | © Siemens 2024 | 2024-12-20 | FY24 Analyst Meet
Slide 20: Successful performance across all KPIs
Successful performance across all KPI’s New Orders Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) +13.8% +14.4% +13.7% 1) 1) Comparable, excluding 9K HP Loco Profit before Tax Profit after Tax Cash from (% of revenue) (% of revenue) Operations (in billion INR) +17.4% +13.2% ₹21.6 Page 19 Unrestricted
Slide 21: Strong fourth quarter completes successful FY 2024
Strong fourth quarter completes successful FY 2024 New Orders Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) +20.9% +11.3% +14.6% 1) 1) Comparable, excluding 9K HP Loco Profit before Tax Profit after Tax Earnings per Share (% of revenue) (% of revenue) (in INR) +17.6% +13.1% ₹ 21.8 Page 20 Unrestrict
Slide 22: Strong y-o-y growth continued on account of robust base business
Strong y-o-y growth continued on account of robust base business figures in billion INR % y-o-y development +41.0%1) +20.9%1) +9.6% -9.0%1) • Order backlog (482.6) +12.3% • Strong growth momentum in base business 59.7 62.5 61.6 • Multiple large Orders in SE and MO 51.8 45.0 • Advance ordering normal
Slide 23: Consistent double-digit growth in FY 24
Consistent double-digit growth in FY 24 figures in billion INR % y-o-y development +11.3% +25.0% +19.3% • Book-to-bill of 1.13 trends towards 1) +7.0% strong growth +22.2% • FY 24 Revenue growth in: Product business : +15.0% 2) 58.9 Project business : +13.2% 53.0 52.5 43.9 47.1 Q4 Q1 Q2 Q3 Q4 1)
Slide 24: Strong profitability maintained in FY 24
Strong profitability maintained in FY 24 % of revenue figures in billion INR +14.6% +15.0% • Profit w/o FX / Commodity: +11.9% +12.9% (in % of Revenue) FY 23: +12.4% +11.9% FY 24: +13.6% +8.6 • Improved operational margin on +7.9 account of revenue mix +6.3 +6.1 +5.2 • Better price extraction from m
Slide 25: Destocking impacting growth
Destocking impacting growth figures in billion INR New Orders +21.7% -10.6% 9.0 8.5 8.5 37.6 7.6 33.6 6.3 • Book-to-bill at 0.85 FY 23 FY 24 Q4 Q1 Q2 Q3 Q4 • Orders continued to be FY 23 FY 24 impacted by normalization in Revenue demand +10.6% +15.7% 10.1 10.0 10.0 9.1 9.2 39.3 34.0 +12.9% +17.6% +1
Slide 26: Profitable Growth across all verticals
Profitable Growth across all verticals figures in billion INR New Orders +33.2% +11.6% 19.3 18.5 17.9 17.5 73.3 65.6 13.2 • Book-to-bill at 1.15 • Double-digit Orders and FY 23 FY 24 Q4 Q1 Q2 Q3 Q4 Revenue growth driven FY 23 FY 24 primarily by Electrification, Revenue Building products +5.7% +18.6%
Slide 27: Strong order backlog; Consistent performance
Strong order backlog; Consistent performance figures in billion INR New Orders +242.9% +21.2%1) 15.0 283.0 31.2 11.0 • Book-to-bill at 1.15 3.2 2.9 2.3 • Key new orders in FY 24 - Bangalore Metro Electrification, FY 23 FY 24 Q4 Q1 Q2 Q3 Q4 Propulsion system for 6k HP 1) Comparable, excluding 9K Loco
Slide 28: Strong demand for transmission solutions
Strong demand for transmission solutions figures in billion INR New Orders +15.0% +29.9% 28.2 88.0 23.3 20.3 19.6 67.7 16.9 • Book-to-bill at 1.40 • Significant order growth driven by Grid Technologies, Oil & FY 23 FY 24 Q4 Q1 Q2 Q3 Q4 Gas and Turbines segments FY 23 FY 24 Revenue • Q4 FY 24 EBITDA
Slide 29: SL (ex-Energy Business) and Energy Business for FY24
SL (ex-Energy Business) and Energy Business for FY24 figures in billion INR SEIL / Energy SL excl. Energy Siemens Ltd. Business Business Particulars (Pre-Demerger) Particulars (Post-Demerger) (Post-Demerger) FY23 FY24 FY23 FY24 FY23 FY24 Order Book 455.2 482.6 Order Book 77.2 100.5 378.0 382.1 New O
Slide 30: Summary
Business Highlights Financial Highlights Summary Page 29 Unrestricted | © Siemens 2024 | 2024-12-20 | FY24 Analyst Meet
Slide 31: Summary
1) Continued confidence in India’s growth story 2) Siemens: Robust performance in FY24 3) ONE Tech Company: Siemens Xcelerator to power growth 4) Announced investments on track 5) Siemens Energy demerger on track Page 30 Unrestricted | © Siemens 2024 | 2024-12-20 | FY24 Analyst Meet
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