Siemens Aktiengesellschaft · XETR:SIE

Siemens Aktiengesellschaft — Siemens — Q3 2017 Earnings Presentation

18 slides from Siemens Aktiengesellschaft's earnings presentation, Aug 3, 2017

  1. Slide 1: Q3 FY 2017: Fully on track for another strong year

    Q3 FY 2017 Fully on track for another strong year Ralf P. Thomas, CFO | Michael Sen, Member of the Managing Board Q3 FY 2017 Analyst Call | Munich, August 3, 2017 Unrestricted © Siemens AG 2017 siemens.com

  2. Slide 2: Notes and forward looking statements

    Notes and forward looking statements This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forw

  3. Slide 3: Q3 FY 2017 Fully on track for another strong year

    Q3 FY 2017 Fully on track for another strong year • Strong net income up 7% at €1.5bn – EPS at €1.74 up 6% • Industrial Business margin at 10.4% (-40bps), impacted by M&A related effects to Gamesa and Mentor Graphics of 60bps • Revenue rose 8% driven by SGRE, Mobility and Digital Factory; +3% compar

  4. Slide 4: DF: Very strong short-cycle & software momentum; PD: Selected pick-up in orders

    DF: Very strong short-cycle & software business momentum PD: Selected pick-up in orders, structural realignment continues Digital Factory (DF) Process Industries and Drives (PD) Orders Revenue Orders Revenue €bn €bn +11%1) +11%1) +7%1) -3%1) 2.6 3.0 2.5 3.0 2.1 2.3 2.2 2.2 Q3 FY 16 Q3 FY 17 Q3 FY 16

  5. Slide 5: BT: Excellent performance continues; MO: Impressive customer wins

    BT: Excellent performance continues MO: Impressive customer wins and convincing performance Building Technologies (BT) Mobility Orders Revenue Orders Revenue €bn €bn +3%1) +4%1) +111%1) +15%1) 1.7 1.7 1.5 1.6 2.3 1.8 2.0 1.1 Q3 FY 16 Q3 FY 17 Q3 FY 16 Q3 FY 17 Q3 FY 16 Q3 FY 17 Q3 FY 16 Q3 FY 17 Pro

  6. Slide 6: PG: Market contraction impacts top and bottom line; EM: Revenue growth continues

    PG: Market contraction impacts top and bottom line EM: Revenue growth continues, less favorable business mix Power and Gas (PG) Energy Management (EM) Orders Revenue Orders Revenue €bn €bn -41%1) -11%1) -3%1) +5%1) 4.5 4.3 3.8 2.7 3.1 3.0 2.9 3.0 Q3 FY 16 Q3 FY 17 Q3 FY 16 Q3 FY 17 Q3 FY 16 Q3 FY 17

  7. Slide 7: SGRE: Integration on track; HC: Decent performance driven by Diagnostic Imaging

    SGRE: Integration on track HC: Decent performance driven by Diagnostic Imaging Siemens Gamesa Renewable Energy (SGRE) Healthineers (HC) Orders Revenue Orders Revenue €bn €bn +3%1) +3%1) +4%1) -64%1) 2.7 2.7 3.4 3.5 3.2 3.4 1.4 1.7 Q3 FY 16 Q3 FY 17 Q3 FY 16 Q3 FY 17 Q3 FY 16 Q3 FY 17 Q3 FY 16 Q3 FY

  8. Slide 8: Strong Q3 in CMPA - volatility remains

    Strong Q3 in CMPA - volatility remains Below Industrial Business – Q3 FY 2017 in €m 120 6 161 2,250 -325 Therein: -339 -22 • -€104m Pensions 1,479 1,464 • -€221m Corp. Items -373 -15 51 Including effects related to reversals of provisions for Tax rate Attributable to post-closing guarantees @20% non

  9. Slide 9: Healthineers Strategy 2025 set up to ensure market leadership beyond 2025

    Healthineers Strategy 2025 set up to ensure market leadership beyond 2025 Mid-term and beyond New growth Mid-term 2017-19 Upgrading Reinforcing Strategic Deliver on core business – growth posture fundamentals and productivity Tap into adjacent growth markets "Market leadership 2025" Strategic • Subs

  10. Slide 10: Clear path for Siemens Healthineers IPO

    Clear path for Siemens Healthineers IPO Decision to go public (Q4 FY 2016) Healthineers Strategy 2025 and stringent execution roadmap launched (08/2017) Significant new product launches gain traction in the market Atellica Solution entering the market (Q4 FY 2017) Combined financial statements and p

  11. Slide 11: Siemens Gamesa Renewable Energy – Creating the leading global on- and offshore WTG player

    Siemens Gamesa Renewable Energy – Creating the leading global on- and offshore WTG1) player Creating scale to win in cost game Performance challenges – integration progressing Example: LCoE development, EUR/MWh2) Current status 2017 • Q3-performance below expectations mainly due to 155 2019 temporar

  12. Slide 12: Guidance FY 2017 confirmed

    Guidance FY 2017 confirmed EPS (“all-in”) Guidance in € We confirm our expectations for fiscal 2017 presented with our results for 7.20 – 7.70 Q2 FY 2017. 6.80 – 7.20 We continue to expect modest growth in revenue, net of effects from currency translation and portfolio transactions, and anticipate t

  13. Slide 13: Appendix

    Appendix Unrestricted © Siemens AG 2017 Page 13 Munich, August 3, 2017 Q3 FY 2017 Analyst Call

  14. Slide 14: Financial cockpit – Q3 FY 2017

    Financial cockpit – Q3 FY 2017 Orders Revenue Profit Industrial Business (IB) Net Income in €bn -9% Comp. +3% in €bn in €bn (-6%) (nom.) (+8%) +3% +7% 21.1 21.4 2.2 2.3 19.8 19.8 1.5 1.4 11.2% 10.8% B-t-B 1.06 0.93 Margin 10.8% 10.4% Q3 FY 16 Q3 FY 17 Q3 FY 16 Q3 FY 17 Q3 FY 16 Q3 FY 17 Q3 FY 16 Q3

  15. Slide 15: Net debt bridge – Q3 FY 2017

    Net debt bridge – Q3 FY 2017 Q3 ΔQ2 • SFS Debt +22.1 -1.1 Adj. ind. Net Debt/ • Post emp. Benefits -9.8 +0.7 EBITDA (c/o) • Credit guarantees -0.7 +0.0 1.2x • Fair value adj. +0.5 -0.1 (Q2 FY17: 1.2x) (hedge accounting) Operating Activities therein a.o.: • Acquisition of Businesses therein: net of c

  16. Slide 16: Provisions decreased in Q3 FY 17, mainly due to increased discount rate assumptions

    Provisions decreased in Q3 FY 17, mainly due to increased discount rate assumptions Q3 FY 2017 Key financials – Pensions and similar obligations Q1 Q2 Q3 in €bn1) FY 2014 FY 2015 FY 2016 FY 2017 FY 2017 FY 2017 Defined benefit obligation (DBO)2) (35.6) (36.8) (42.2) (39.0) (38.4) (37.1) Fair value o

  17. Slide 17: Financial calendar

    Financial calendar August 10 -11, 2017 August Roadshow U. S. (Los Angeles, San Francisco) September 8, 2017 September Morgan Stanley Industrials & Natural Resources Conference (London) November 9, 2017 Q4 Earnings Release November 9 – 10, 2017 Roadshow UK (London) November 13, 2017 November Roadshow

  18. Slide 18: Investor Relations contacts

    Investor Relations contacts Investor Relations Internet: www.siemens.com/investorrelations Email: investorrelations@siemens.com IR-Hotline: +49 89 636-32474 Fax: +49 89 636-32830 Unrestricted © Siemens AG 2017 Page 18 Munich, August 3, 2017 Q3 FY 2017 Analyst Call

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