Siemens Division Fact Sheets Status: January 31, 2017 Siemens Investor Relations. Unrestricted Siemens AG 2017

Transcription

1 Siemens Division Fact Sheets Status: January 31, 2017 Siemens Investor Relations siemens.com

2 Notes and forward looking statements This presentation has been prepared solely for use at this meeting. This material is given in conjunction with an oral presentation and should not be taken out of context. This presentation has been prepared for information purposes only and the information contained herein (unless otherwise indicated) has been provided by Siemens AG. It does not constitute or form part of, and should not be construed as, an offer of, a solicitation of an offer to buy, or an invitation to subscribe for, underwrite or otherwise acquire, any securities of Siemens AG or any existing or future member of the Siemens Group (the Group ), nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of Siemens AG or any member of the Group or with any other contract or commitment whatsoever. This presentation does not constitute a prospectus in whole or in part, and any decision to invest in securities should be made solely on the basis of the information to be contained in a prospectus and on an independent analysis of the information contained therein. Any assumptions, views or opinions (including statements, projections, forecasts or other forward-looking statements) contained in this presentation represent the assumptions, views or opinions of Siemens AG as of the date indicated and are subject to change without notice. All information not separately sourced is from internal company data and estimates. Any data relating to past performance contained herein is no indication as to future performance. The information in this presentation is not intended to predict actual results, and no assurances are given with respect thereto. The information contained in this presentation has not been independently verified, and no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information contained herein and no reliance should be placed on it. None of Siemens AG or any of its affiliates, advisers, connected persons or any other person accept any liability for any loss howsoever arising (in negligence or otherwise), directly or indirectly, from this presentation or its contents or otherwise arising in connection with this presentation. This shall not, however, restrict or exclude or limit any duty or liability to a person under any applicable law or regulation of any jurisdiction which may not lawfully be disclaimed (including in relation to fraudulent misrepresentation). This presentation includes 'forward-looking statements. These statements contain the words anticipate, believe, intend, estimate, expect and words of similar meaning. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding Siemens AG s financial position, business strategy, plans and objectives of management for future operations (including cost savings and productivity improvement plans) are forwardlooking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Siemens AG to be materially different from results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Siemens AG s present and future business strategies and the market environment in which Siemens AG will operate in the future. These forward-looking statements speak only as of the date of this presentation. Each of Siemens AG, the relevant Group entities and their respective agents, employees and advisers, expressly disclaims any obligation or undertaking to update any forward-looking statements contained herein. Investors are urged to consider these factors carefully in evaluating the forward-looking statements in this presentation and not to place undue reliance on such statements. This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation of such jurisdiction or which would require any registration or licensing within such jurisdiction. This presentation or any part thereof is not for publication, release or distribution in the United States, Australia, Canada or Japan. Any failure to comply with these restrictions may constitute a violation of the laws of other jurisdictions. This presentation must not be acted on or relied on by persons who are not eligible to invest in the securities. The presentation and the information contained herein are not an offer of securities for sale in the United States. The securities described herein have not been and will not be registered under the under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act ), or any state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from, or transaction not subject to, the registration requirements of the U.S. Securities Act. This presentation is only directed at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended, (the Financial Promotion Order ), (ii) are persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as relevant persons ). This presentation is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. In each member state of the European Economic Area ( EEA ) which has implemented Directive 2003/71/EC (together with any amendments thereto and any relevant implementing measures, the Prospectus Directive ), with effect from and including the date on which the Prospectus Directive is implemented in such member state, this presentation is only directed at persons in member states of the EEA who are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive. The information contained in this presentation is provided as of the date of this presentation and is subject to change without notice. Page 2 Status: January 31, 2017

3 Siemens by the numbers FY 2017 reported, before adoption of IFRS 15 Revenue 83.0bn Power and Gas IB 1 Profit 9.5bn Building Technologies SIEMENS AG IB 1 Margin 11.2% Digital Factory Net Income 6.2bn Siemens Healthineers EPS 7.44 Financial Services Revenue Profit Profit margin 15.5bn 1.6bn 10.3% Energy Management 6.5bn 0.8bn 12.0% Mobility 11.4bn 2.1bn 18.8% Process Industries and Drives 13.8bn 2.5bn 18.1% Total Assets: 26.4bn IBIT: 0.6bn RoE: 19.9% Revenue Profit Profit margin 12.3bn 0.9bn 7.6% 8.1bn 0.7bn 9.2% 8.9bn 0.4bn 5.0% 7.9bn 0.3bn 4.3% Page 3 Status: January 31, ) IB=Industrial Business

4 Division Power and Gas (PG) - Facts and Figures Market* Key Priorities to execute Vision 2020 Although declining, fossil power generation will continue to be the backbone of power generation. Drivers are +90 million people every year Growing population Oil & Gas More people living in cities Increasing Urbanization +2.5% electricity demand p.a. Further Electrification Decentral New units in GW Ø FY13-16 Power Generation Central Ø FY17-20 Service Gas Steam Operational excellence: Secure flawless project execution Continue to be technology leader with highest efficiency turbines and further push 3D competence center Productivity: Cost Value Engineering and push platform concepts Organization Efficiency: Optimize footprint, regional organization, division sales Broad range of compression equipment and process solutions Small turbines Aero-derivative & industrial gas turbines; pre-designed and industrial steam turbines, Industrial power plant solutions (IPPS) 39% Large turbines Heavy-duty gas turbines, generators, utility steam turbines, power plant solutions (simple/combined cycle power plants), instrumentation and electrical solutions Data driven & responsive service for maximum lifecycle performance Field service support, maintenance, repairs, replacements, modernizations and upgrades of components Orders 13,422 19,454 (30)% Revenue 15,467 16,471 (5)% Profit 1,591 1,872 Profit Margin (Target Range 11-15%) 10.3% 11.4% Free cash flow 392 1,149 Employees 46,800 48,700 *Focus markets only Page 4 Status: January 31, 2017

5 Division Energy Management (EM) - Facts and Figures Market ( ~112bn) Key Priorities to execute Vision 2020 Energy Trends Growth engines 1) Market growth (CAGR 16 22) Strengthen project execution & ongoing productivity gains Decarbonization Decentralization Digitalization Connecting an all electric world Connecting grids Agility in energy Totally Integrated Power ~ 1% ~ 3% ~ 2% Source: Market volume based on external studies aggregated for 2017 #1 #2 #1 #3 #4 #1 Expand technological and digital leadership Dedicated vertical sales & utilize all channels Smart distribution solutions for the energy transition MindSphere for Energy accelerated service growth e.g. Bushings, HV Switchgear, Circuit breaker e.g. Power & Distribution transformer 39% e.g. Substation e.g. MV Circuit e.g. LV breaker Solutions; HVDC, breaker, Switchgear and switching Grid access LV Switchboard devices e.g. Protection automation, SW, Control Center Orders 13,628 12,963 5% Revenue 12,277 11,940 3% Profit Profit Margin (Target Range 7-10%) 7.6% 7.5% Free cash flow 1, Employees 53,300 52,400 Page 5 1) Connecting Grid: Efficient power transmission Interconnection of national transmission grids and integration of renewables Agility in Energy: Intelligent and flexible energy networks cope with increasing complexity Totally integrated power: Safe, reliable, and efficient power supply for industry, infrastructure and buildings

6 Division Building Technologies (BT)- Facts and Figures Market Product business driven globally, solution & service business regionally Products & systems 2.3% 2.3% Global GDP growing with 3.2% US with stable forecast above 2% Europe with improved GDP forecast in the near to mid term Asia GDP forecast posting solid growth Market indicator: GDP (source: IHS, Sep 2017, CAGR 17 23) 39% Solutions & services Integrated building solutions Building Automation, Fire Safety & Integrated Security Remote Maintenance Security 4.8% Building performance Energy efficiency Apps & analytics Digital services Savings in energy and operation cost IoT solutions Key Priorities to execute Vision 2020 Growth: Continue executing growth initiatives, ramp-up new portfolio, invest in sales force & training Innovation: Continue developing digital portfolio, especially cloud applications Culture: Continue improving customer orientation, live Ownership Culture, be the employer of choice Operational Excellence: Drive business optimization in underperforming countries Orders 6,913 6,435 8% Revenue 6,523 6,156 7% Profit Profit Margin (Target Range 8-11%) 12.0% 9.4% Free cash flow Employees 28,100 27,700 Page 6

7 Division Mobility (MO) - Facts and Figures Market (3 years avg.) Key Priorities to execute Vision 2020 in bn % p.a Grow with digitalization, competitive products and innovative services FY 14/16 FY 17/19 Source: UNIFE WRMS 2016 comparable, including major project shifts Mobility Management Rolling Stock Turnkey Projects & Electrification FY 20/22 Customer Services Digitalization for guaranteed asset availability, optimized capacity profile and enhanced passenger experience Differentiation with innovative rolling stock Best-in-class project management and operational excellence Products and systems for rail, road and intermodal solutions Rolling stock for regional and mainline transport, and passenger transport in cities, including product and system solutions 39% Complete rail and road solutions and rail electrification solutions Innovative asset management and services for rolling stock and rail infrastructure Orders 8,963 7,875 16% Revenue 8,099 7,825 6% Profit Profit Margin (Target Range 6-9%) 9.2% 8.7% Free cash flow 1, Employees 28,400 27,100 Page 7

8 Division Digital Factory (DF) - Facts and Figures Market Key Priorities to execute Vision 2020 Total Market ~76bn Addressed market for Automation and PLM Software from Product Design, Production Design to Automation and Service along the complete value chain for Manufacturing Industries. The market covers a wide range of applications, such as additive manufacturing or Robotics, and industries, e.g. Automotive, Food & Beverage and Aerospace. The market satisfies a core demand of all industrial regions and countries. Source: Market volume based on external studies aggregated for % ~+4% Market growth (CAGR 17 22) The offering of DF forms the basis for manufacturers to build their Digital Enterprise. Offerings are a comprehensive automation portfolio, product lifecycle software and technology-based services, covering the value chain from product design to manufacturing to service. Continuously strengthen portfolio (e.g. Mentor Graphics in March 2017, CD adapco in April 2016) Further invest in digitalization and drive digitalization of own processes Scale up with MindSphere, the cloud-based open IoT operating system Grow with focus applications and industries such as additive manufacturing and aerospace Orders 11,532 10,332 8% Revenue 11,378 10,172 9% Profit 2,135 1,690 Profit Margin (Target Range 14-20%) 18.8% 16.6% Free cash flow 1,963 1,771 Employees 51,500 45,000 Page 8

9 Division Process Automation and Drives (PD) - Facts and Figures Market Key Priorities to execute Vision 2020 Europe/C.I.S./Africa/ME Electrification Regional split 2016 (% of total) Motors and Drives Industry Generators Couplings Gears 39% Americas Asia, Australia Market size: 79bn Automation Distributed Control System and Solution Ind. Communication and Power Supplies Process Instrumentation Oil & Gas Chemicals Pharma Water & Wastewater Fiber Marine Verticals Mining Cement Wind Power Infrastructure Food & Beverages Others Source: Market volume based on external studies aggregated for 2017 Digitalization Software for Process Engineering, Process Operations and Simulation Unleash the power of the Digital Enterprise Drive customer s productivity Cost out and reshape Drive digitalization and automation in key vertical industries Provide a combined offering of E-A-D systems, solutions and lifecycle services PD s expertise in automation, electrification and digitalization drives customer benefits with regards to time-to-market, quality, reliability and safety Consolidate manufacturing sites and move to low cost countries Increase material productivity Reduce product complexity based on product platforms Streamline go-to-market setup Orders 9,034 8,939 2% Revenue 8,876 9,038 (1)% Profit Profit Margin (Target Range 8-12%) 5.0% 2.7% Free cash flow Employees 44,800 45,000 Page 9

10 Siemens Healthineers (HC) - Facts and Figures Market Strategic priorities: Capture short-term potential and ensure market leadership beyond ) 2) 1) Source: Siemens Healthineers market model 1) Figures for Imaging and Advanced Therapies for equipment only. Service included in Value Added Services market. 2) Diagnostics market includes Lab Diagnostics, POC Diagnostics and Molecular Diagnostics. Page 10 Orders 14,218 13,830 4% Revenue 13,789 13,535 3% Profit 2,490 2,325 Profit Margin (Target Range 15-19%) 18.1% 17.2% Free cash flow 2,153 2,154 Employees 47,800 46,200

11 Facts and Figures Market 54,642 Wind installations E (MW) +3.8% 61,376 63,431 57,648 53, e 2018e 2019e 2020e Global Source: BNEF and MAKE Q3 17 Market Outlook; 2016 GWEC Onshore Offshore Service Key strengths Large installed base of ~83GW offers huge service potential Strong order backlog of ~ 21bn Unique business mix of offshore and onshore Well balanced geographic footprint Synergy potential of at least 230m to be realized already in year 3 post closing #4 in global Onshore market #1 in India and LATAM #1 in global Offshore market #2 in service backlog and in serviced fleet size 1) Orders 8,768 7,973 (2)% Revenue 7,922 5,976 7% Profit Profit Margin (Target Range 5-8%) 4.3% 7.8% Free cash flow (279) 330 Page 11 1) Figures as reported by Siemens AG; Fiscal 2017: October 2016 September 2017; Comparable change in %: Throughout excluding currency translation and portfolio effects

12 Financial Services (SFS) - Facts and Figures Financial Services at a glance SFS is an international provider of business-to-business financial solutions. Our solutions are based on deep asset expertise in the electrification, automation, digitalization and healthcare markets. We are uniquely placed to understand risk, enable opportunity and develop new business models with the industrial businesses of Siemens. Portfolio Commercial finance, e.g. with leasing, extended payment terms, software payment plans, pay-per-use / -outcome models, energy efficiency financing, contracting solutions for products and software Structured and project financing with debt and equity participations in projects that demonstrate our commitment to our technology Advisory services for our clients to help them to find financing solutions for their businesses Financing support functions for the Siemens group Digitalization We finance more than 4,000 software projects In our portfolio we have financing volumes from 1,000 over 100,000,000 SFS has more than 225,000 customers in 55 countries SFS current portfolio supports 16 GW of wind energy with financing Key Priorities to execute Vision 2020 Serve as enabler for growth, manager of Siemens financial risk and contribute value to Siemens with profit Further enhance increased operational performance and intensify business model innovations Drive SFS Digitalization initiatives with measurable impact, including more financing of the digital offering of Siemens Provide expanded range of advisory services and funding, e.g. in early development phases IBIT Return on Equity before tax (Target Range 15-20%) 19.9% 21.6% Total Assets 26,390 26,446 Employees 3,200 3,200 If you want to know more on Siemens Financial Services please refer also to the Siemens Financial Services Fact & Figures here Page 12

13 Investor Relations contacts Investor Relations Internet: IR-Hotline: Fax: Page 13