Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Commerzbank German Investment Seminar 2016
20 slides from Siemens Aktiengesellschaft's conference presentation, Jan 12, 2016
Slide 1: Stringent execution of Vision 2020
Stringent execution of Vision 2020 Commerzbank German Investment Seminar New York, January 12, 2016 Joe Kaeser, President and CEO © Siemens AG 2016
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
Slide 3: Siemens – a leading industrial player driving the digital transformation
Siemens – a leading industrial player driving the digital transformation Divisional structure and Revenue / Profit FY 2015 Industrial Business Power and Wind Power Energy Building Mobility Digital Process Healthcare Financial Gas Power and Generation Manage- Technolo- Factory Industries (separately
Slide 4: Siemens Vision 2020 – The next decade starts now
Siemens Vision 2020 – The next decade starts now Value Scale up • Innovation initiative • Customer and market focus Strengthen core • Digitalization at work • Stringent capital allocation Drive performance • Cost reduction support functions (€1bn) • Global footprint optimization • Fix underperformin
Slide 5: Siemens Vision 2020 – Executing as promised
Siemens Vision 2020 – Executing as promised Until Execution steps until 2017 Q4 2014 Implementation of new and simplified organization by Oct. 1 Introduction of incentive system 2015 Q2 2015 Stringent portfolio optimization - closing of announced divestments (page 14) Measures for structural optimiz
Slide 6: Siemens Vision 2020 – The "System" matters
Siemens Vision 2020 – The “System” matters Global trends Market development (illustrative) Digital 7–9% transformation market growth Globalization Digitalization 4–6% Urbanization Automation market growth Demographic change Electrification 2–3% market growth Climate change Today Mid term – 2020 Powe
Slide 7: Platforms lead products
Platforms lead products Sinalytics connects more than 300,000 devices Productivity Energy efficiency Sinalytics Common technology platforms EM WP Data analytics PG Sinalytics Data visualization DF PS Sinalytics Modeling/Analysis Customer value through Data management applications PD MO Data integrat
Slide 8: Digital Services powered by Sinalytics provide customer value (I)
Digital Services powered by Sinalytics provide customer value and attractive business cases (I) Mobility Digital Services Productivity Energy efficiency • 26 trains for Renfe (Spain) • High Speed Train EM WP service between Madrid and Barcelona PG DF PS Sinalytics Customer value through applications
Slide 9: Digital Services powered by Sinalytics provide customer value (II)
Digital Services powered by Sinalytics provide customer value and attractive business cases (II) Power Generation Digital Services Starts Productivity Energy efficiency 1.02 0 500 1,000 1,500 GT Efficiency 2,000 1.00 EM WP 0.98 0.96 0.94 PG 0.92 Advanced Mature DF PS Sinalytics Remote diagnostics an
Slide 10: The E-A-D system: Vertical Software and Digital Services are key drivers for growth
The E-A-D system: Vertical Software and Digital Services are key drivers for growth Digitalization Vertical Digital software services ~€3.1bn ~€0.6bn +~16% Revenue FY 2015 Revenue FY 2015 Automation Profitability ++ Profitability +++ • Build on deep domain know-how Enhanced Classic • Leverage M&A an
Slide 11: Shareholder interests are aligned
Shareholder interests are aligned Attractive dividend yield Share buyback finalized • Dividend increase to €3.50 resulting in an • €4bn from May 2014 until October 2015 attractive 4.4% dividend yield2) • 43m shares repurchased • Average purchase price: €92.733) 57% €101 48% 50% 42% 38% €97 413 389 €
Slide 12: Thank you for your attention – your questions, please!
Questions and Answers Thank you for your attention – your questions, please! © Siemens AG 2016 Page 12 New York, January 12, 2016 Commerzbank German Investment Conference
Slide 13: Appendix
Appendix © Siemens AG 2016 Page 13 New York, January 12, 2016 Commerzbank German Investment Conference
Slide 14: Executing Vision 2020 Capital allocation along strategic imperatives
Executing Vision 2020 Capital allocation along strategic imperatives Healthcare IT Divestment to Cerner for US$1.3bn Aero-derivative gas turbines and Microbiology compressors Divestment to Beckman Coulter for 1| Areas of growth? US$ ~450m £785m purchase price and £200m for exclusive Audiology access
Slide 15: Underperforming businesses show improvement
Underperforming businesses show improvement Underperforming businesses Unconsolidated Revenue FY 2015 in €bn ~15 ~1.2 ~14 Fiscal 2013 2014 2015 2017e 2020e Year Siemens Compressors Margin -4% -3% +1% ~6% >8% • Tight monitoring of business plans • Footprint optimization • Sharpening business scope Un
Slide 16: Accelerated execution of functional cost reduction measures
Accelerated execution of functional cost reduction measures, target achievement of ~€1bn is on track Cumulated effects of savings €700m – €800m – €1bn €1bn €900m €900m €400m €150m – €200m FY 2015 FY 2016e FY 2017e View on distribution of savings as of Q2 FY 2015 © Siemens AG 2016 Page 16 New York, J
Slide 17: One Siemens Financial Framework – Clear targets to measure success & accountability
One Siemens Financial Framework – Clear targets to measure success & accountability One Siemens Financial Framework Siemens Capital efficiency Capital structure Growth: (ROCE2)) (Industrial net debt/EBITDA) Siemens > most 15-20% up to 1.0x relevant competitors1) (Comparable revenue growth) Total cos
Slide 18: Financial Cockpit
Financial Cockpit Orders Revenue Profit Industrial Business (IB) Net Income in €bn -1% Comp. -1% in €bn in €bn (+6%) (nom.) (+6%) +1% +34% 77.7 82.3 7.7 7.8 7.4 71.2 75.6 5.5 10.8% B-t-B 1.09 1.09 Margin 10.6% 10.1% FY 14 FY 15 FY 14 FY 15 FY 2014 FY 2015 FY 2014 FY 2015 EPS (“all-in”) ROCE (“all-in
Slide 19: Financial calendar
Financial calendar January January 12, 2016 Commerzbank German Investment Seminar (New York) January 26, 2016 Q1 Earnings Release; Annual General Meeting February 17, 2016 February Roadshow Germany (Munich) February 18, 2016 Roadshow UK (Edinburgh) February 19, 2016 Roadshow Switzerland (Zurich) Mar
Slide 20: Siemens Investor Relations contacts
Siemens Investor Relations contacts Investor Relations Internet: www.siemens.com/investorrelations Email: investorrelations@siemens.com IR- +49 89 636-32474 Hotline: Fax: +49 89 636-32830 © Siemens AG 2016 Page 20 New York, January 12, 2016 Commerzbank German Investment Conference