Financial Data and Key Metrics Changes - The company reported a revenue growth of 4% to almost EUR18 billion, with a book-to-bill ratio of 1.23 and a record high-quality backlog of EUR99 billion [21][15] - Earnings per share (EPS) pre-PPA came in at EUR1.52, while the all-in amount was a negative EUR1.85 due to a EUR2.7 billion noncash impairment on Siemens Energy [21][19] - Free cash flow for the quarter was EUR2.3 billion, with expectations to achieve more than 11% free cash flow as a percentage of sales for the full fiscal year [18][68] Business Line Data and Key Metrics Changes - Digital Industries saw a revenue increase of 15%, with a strong order growth of 35% and a book-to-bill ratio of 1.33 [44][15] - Smart Infrastructure achieved a revenue growth of 10%, driven by an 18% increase in the electrical products business and a 26% increase in orders [53][54] - Mobility's revenue grew by 4%, with a backlog of EUR36 billion, although impacted by supplier delays and pandemic-related effects [60][62] Market Data and Key Metrics Changes - Revenue growth in the Americas was up 10%, while Asia and Australia saw a 7% increase, led by India and Korea [21] - China experienced flat growth due to COVID-19 lockdowns, but there was a strong recovery in June, with expectations for continued momentum [16][92] - Europe saw a decline in sales primarily due to lower COVID test sales, but overall demand remained strong in other sectors [21][56] Company Strategy and Development Direction - The company aims to grow its digital business by approximately 10% annually until 2025, with a strong growth trajectory already evident [22] - The acquisition of Brightly is expected to enhance the Smart Infrastructure team's capabilities in asset and maintenance management solutions [23] - Siemens Xcelerator is being developed as an open digital business platform to facilitate digital transformation across various sectors [26][87] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating geopolitical and economic challenges, emphasizing strong demand for technology and a focus on operational execution [6][8] - The company is prepared for potential risks from energy availability and supply chain constraints, with a low direct energy supply impact on manufacturing [9][10] - Future growth is anticipated in automation and digitalization, with a focus on sustainability and resource efficiency [12][33] Other Important Information - The company has taken precautionary measures to safeguard production operations in the event of gas shortages, with only 1% of purchasing volume being energy supply [9][10] - The strategic transition to Software-as-a-Service is progressing well, with a high renewal rate of 76% for PLM renewables [31] - The company is actively working on derisking supply chains and expanding partnerships to mitigate impacts on customers [14] Q&A Session Summary Question: Demand in Europe and Germany - Analysts inquired about customer plans to mitigate risks related to energy shortages and the potential impact on order conversion, particularly in energy-intensive markets [78] - Management responded that while there could be impacts on customer production processes, Siemens is positioned to assist customers in their sustainability transformations [81] Question: Integration of Software Offerings - Analysts asked about the integration of software offerings across divisions following the acquisition of Brightly [83] - Management highlighted the Siemens Xcelerator platform, which enables interoperability and modular solutions across different business areas [84] Question: Situation in China - Analysts sought clarification on the inventory situation and momentum in China, particularly regarding the impact of lockdowns [90] - Management confirmed strong order momentum in the third quarter and noted that factories were recovering well post-lockdown [92] Question: Russian Operations and Charges - Analysts inquired about the residual risks and potential future charges related to the exit from Russian operations [110] - Management provided details on the charges incurred and indicated that the focus is now on unwinding the leasing business in Russia [111]

| --- | --- | --- | --- | |---------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | Strong operational performance and growth Outlook confirmed | | | | | Roland Busch, CEO Siemens AG Ralf P. Thomas, CFO Siemens AG | | | | | Unrestricted \| © Siemens 2022 \| Investor Relations \| Q2 Analyst Call \| 2022-05-12 | | | | | --- | --- | |--------------------------------------------------------------------------------------------------------------- ...

Financial Data and Key Metrics Changes - The second quarter financial impact from exiting the Russian market amounted to approximately €600 million, primarily due to non-cash accounting impairments, write-offs, and charges [13][26] - Despite the significant effects from the exit, the company confirmed its group guidance for fiscal '22, supported by strong operational performance and positive portfolio effects [15][20] - Revenue grew by 7% to €17 billion, with a book-to-bill ratio of 1.23 and a record backlog of €94 billion [24][25] Business Line Data and Key Metrics Changes - Digital Industries Automation business revenue increased by 16%, with annual recurring revenue growth of 13% and cloud ARR share rising to 9% [18][19][33] - Smart Infrastructure saw revenue growth of 8%, driven by a 15% increase in the electrical products business [59] - Mobility experienced a revenue decline of 9%, significantly impacted by the Russian market exit, with a backlog of €36 billion [66][68] Market Data and Key Metrics Changes - Order growth momentum was strong at 22%, with notable contributions from Germany (up 10%) and the U.S. (up 17%), while China remained flat [25] - The company reported double-digit order growth across all regions, with China leading at 27% [53] - The U.S. market faced specific supply chain challenges, impacting the automation business [106] Company Strategy and Development Direction - The company aims to grow its digital business by approximately 10% annually until 2025, with a focus on digitalization, automation, and sustainability [30][27] - Strategic initiatives include simplifying the portfolio and enhancing digital and sustainable business operations [16][40] - The company is actively managing supply chain challenges and balancing cost inflation with pricing actions [20][64] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the volatile macroeconomic environment, exacerbated by the war in Ukraine and ongoing supply chain constraints [20][21] - The company expects continued growth momentum in key markets, with a revenue growth forecast of 6% to 8% for the Siemens Group [86] - Management remains confident in the underlying growth drivers for Siemens, particularly in digitalization and resource efficiency [27][40] Other Important Information - The company has initiated a share buyback program to strengthen its balance sheet and enhance shareholder value [76] - The pension deficit was reduced to a historic low of €2.2 billion, although inflation may impact future assessments [77][84] - The company is preparing for potential regulatory changes and market dynamics, particularly in China [115][118] Q&A Session Summary Question: Impact of SaaS acceleration on margins in Digital Industries - Management confirmed a 100 basis point negative impact from SaaS acceleration in the quarter, which was unexpected but within the anticipated range for the fiscal year [95][96] Question: Price-cost dynamics in Digital Industries - Management stated that pricing power remains strong, and they are successfully managing cost inflation through pricing actions [103][132] Question: Details on expected impacts from Russia - The company outlined a €572 million after-tax impact from Russia, with potential future risks estimated at low to mid-triple-digit millions, primarily non-cash [126][128] Question: Order intake growth and backlog margin - Management indicated that order intake growth is solid, supported by pricing power, and the quality of the backlog remains high despite inflationary pressures [132][134]

| --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | Very successful start to fiscal 2022 | | | | | | Roland Busch, CEO Siemens AG Ralf P. Thomas, CFO Siemens AG | | | | | | Unrestricted \| © Siemens 2022 \| Investor Relations \| Q1 Analyst Call \| 2022-02-10 | | | | | | --- | --- | |---------------------------------------------------------------------------------------------------------------- ...

Siemens Aktiengesellschaft (OTCPK:SIEGY) Q1 2022 Earnings Conference Call February 10, 2022 2:45 AM ET Company Participants Eva Riesenhuber - IR Roland Busch - CEO Ralf Thomas - CFO Conference Call Participants Guillermo Peigneux - UBS Ben Uglow - Morgan Stanley Simon Toennessen - Jefferies LLC Andreas Willi - JPMorgan Alexander Virgo - BofA Securities Merrill Lynch Operator Good morning, ladies and gentlemen, and welcome to Siemens 2022 First Quarter Conference Call. As a reminder, this call is being recor ...

Financial Data and Key Metrics Changes - In Q3, Siemens reported orders of EUR 20.5 billion, a 44% increase compared to the prior year quarter, driven by double-digit growth across all businesses, resulting in a strong book-to-bill ratio of 1.27 [30] - Revenue increased by 21% to EUR 16.1 billion, with adjusted EBITA for the four industrial businesses rising to EUR 2.3 billion, reflecting strong top-line driven profit momentum [31][32] - The profit margin improved to 15.3%, up by 100 basis points, translating to earnings per share of EUR 1.68 [32] Business Line Data and Key Metrics Changes - Digital Industries saw a 23% year-over-year revenue growth, with strong demand across automation sectors, while software revenue grew modestly by 2% [36][37] - Smart Infrastructure reported a 15% revenue growth, with orders up 24%, particularly benefiting from a sharp increase in electrical products [42] - Mobility's revenue grew by 5%, driven by rail infrastructure, while the service business saw a moderate increase of 4% [47] Market Data and Key Metrics Changes - Germany's revenue increased by 30%, the U.S. grew by 19%, and China saw a 14% increase, indicating strong recovery across all major regions [31] - China experienced a 56% order growth in Digital Industries, although a normalization of growth is expected going forward [36] Company Strategy and Development Direction - Siemens is focused on executing strategic priorities and enhancing its portfolio through bolt-on acquisitions, particularly in digital services and software [5][14] - The company aims to drive profitable growth and steady cash generation while addressing supply chain challenges and material cost inflation [11][12] - Siemens is committed to sustainability, with initiatives aimed at achieving net-zero operations by 2030 [26][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued economic recovery, particularly in China, Europe, and the U.S., despite potential growth moderation [6][12] - The company raised its fiscal 2021 outlook, expecting revenue growth of 11% to 12% and net income in the range of EUR 6.1 billion to EUR 6.4 billion [12][59] - Management acknowledged challenges from supply chain constraints and elevated raw material prices but emphasized strong execution and cash flow management [9][58] Other Important Information - Siemens Healthineers' acquisition of Varian is performing well, contributing positively to the overall outlook [50] - The company is actively managing working capital, achieving a free cash flow of EUR 2.3 billion in Q3 [32][58] Q&A Session Summary Question: Can you discuss the trends in short-cycle business by region? - Management noted that while China shows strong momentum, growth is expected to moderate, with the U.S. and Europe also having good opportunities for double-digit growth [64][66] Question: What is driving the Smart Infrastructure margin at 12%? - The margin improvement is attributed to growth in both product and solution businesses, with significant contributions from the product side [70][73] Question: Why is there a gap between order growth and revenue growth in Digital Industries? - The gap is due to high order levels leading to extended delivery times and a significant backlog in short-cycle business [76][80] Question: What is the impact of transitioning to Software-as-a-Service on revenue? - There has not yet been a material impact on revenue from the SaaS transition, but customer feedback has been positive [90][100] Question: Will Siemens continue to reduce complexity in its portfolio? - Management confirmed the intention to reduce complexity, particularly in Siemens Energy and other portfolio companies, while focusing on core competencies [103][104]

| --- | --- | --- | --- | |---------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | Excellent results – guidance raised again | | | | | Roland Busch, CEO Siemens AG Ralf P. Thomas, CFO Siemens AG | | | | | Unrestricted \| © Siemens 2021 \| Investor Relations \| Q3 Analyst Call \| 2021-08-05 | | | | Notes and forward-looking statements This document contains statements related to our future business and financial performance and future event ...

Siemens Aktiengesellschaft (OTCPK:SIEGY) Q2 2021 Earnings Conference Call May 7, 2021 2:45 AM ET Company Participants Eva Riesenhuber - Head of Investor Relations Roland Busch - President and Chief Executive Officer Ralf Thomas - Chief Financial Officer Conference Call Participants Andreas Willi - JP Morgan Alexander Virgo - Bank of America Simon Toennessen - Jefferies Ben Uglow - Morgan Stanley Martin Wilkie - Citi James Moore - Redburn Gael de-Bray - Deutsche Bank Operator Good morning ladies and gentleme ...

| --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------|-------|-----------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | Guidance raised again | | Excellent results across all businesses | | | | Roland Busch, CEO Siemens AG Ralf P. Thomas, CFO Siemens AG | | | | | | Unrestricted \| © Siemens 2021 \| Investor Relations \| Q2 Analyst Call \| 2021-05-07 | | | | | | --- | --- ...

Siemens Aktiengesellschaft (OTCPK:SIEGY) Q3 2021 Earnings Conference Call February 3, 2021 2:45 AM ET Company Participants Eva Riesenhuber - Head of IR Joe Kaeser - President and CEO Roland Busch - Deputy CEO Ralf Thomas - CFO Conference Call Participants Andreas Willi - JPMorgan Simon Toennessen - Jefferies Ben Uglow - Morgan Stanley Alexander Virgo - Bank of America Jonathan Mounsey - Exane BNP Paribas James Moore - Redburn Operator Good morning ladies and gentlemen, and welcome to the Siemens 2021 First ...