| --- | --- | --- | --- | |---------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | 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 | | | | | | --- | --- ...

Financial Data and Key Metrics Changes - Order growth increased by 15%, revenue rose by 7%, and profit for industrial business surged by 39% year-over-year, indicating strong performance compared to pre-COVID quarters [6][22] - Adjusted EBITDA for the four industrial businesses reached €2.1 billion, contributing to a margin performance of 16% and earnings per share of €1.72 [24][26] Business Line Data and Key Metrics Changes - Digital Industries outperformed expectations with a 34% order growth in China and a 27% revenue increase, while overall automation saw a strong recovery [28][30] - Smart Infrastructure reported a 7% increase in orders, driven by over 20% growth in electrical products, and a revenue growth of 4% across major regions [37][39] - Mobility showed strong performance with substantial order growth and industry-leading margins despite pandemic-related challenges [42] Market Data and Key Metrics Changes - China demonstrated robust demand, with GDP surpassing pre-pandemic levels and a 21% revenue growth for Siemens in the region [14][23] - Germany's export industry also recovered faster than expected, with an 8% increase in top-line growth [23][15] Company Strategy and Development Direction - The company is focusing on core industrial priorities and leveraging digital transformation to empower customers [8][15] - Siemens aims to enhance recurring revenue models, particularly in software and cloud-based services, to improve cash flow stability [55][56] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the recovery trajectory, noting the ongoing volatility due to the pandemic and the importance of monitoring market conditions [15][34] - The outlook for fiscal year 2021 was raised, expecting a book-to-bill ratio greater than 1 and mid-to-high single-digit revenue growth [26][46] Other Important Information - The company signed a memorandum of understanding with the Egyptian government for a high-speed rail system, showcasing its commitment to infrastructure development [16][17] - Siemens is experiencing a significant increase in demand for data center solutions, driven by the rise in e-commerce during the pandemic [21] Q&A Session Summary Question: What is the biggest unfinished business or opportunity for the new leadership? - Joe Kaeser emphasized that the new leadership is well-equipped to handle future challenges and opportunities, focusing on organic growth in core areas [52][53] Question: Insights into customer types driving growth in China? - Ralf Thomas noted that growth in China is largely driven by discrete manufacturing, particularly in machinery and automotive sectors, with a significant portion attributed to restocking effects [56][58] Question: Expectations for drop-through margins in the short-cycle part of the DI portfolio? - Ralf Thomas explained that margins are driven by scale and recovery in machinery and automotive, with ongoing cost-out programs contributing positively [70][72] Question: Signals of recovery in industries outside automotive? - Ralf Thomas indicated that while the U.S. process industries remain shaky, there are signs of recovery in electronics, semiconductors, and general machinery [86][87] Question: How is the restocking effect in China developing? - Ralf Thomas mentioned that momentum in January remained strong, with restocking effects still significant, but the full impact will be clearer post-Lunar New Year [82][83] Question: Clarification on Q2 guidance for growth in DI? - Ralf Thomas confirmed that growth momentum in DI is expected to continue, but there are uncertainties regarding the second half of the fiscal year [92][93]

| --- | --- | --- | --- | |---------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | Outstanding start to fiscal 2021 | | | | | | | | | | Joe Kaeser, President and CEO Siemens AG | | | | | Roland Busch, Deputy CEO Siemens AG | | | | | Ralf P. Thomas, CFO Siemens AG | | | | | Unrestricted \| © Siemens 2021 \| Investor Relations \| Q1 Analyst Call \| 2021-02-03 | | | | | --- | --- | |---------------------------------------- ...

Siemens Aktiengesellschaft (OTCPK:SIEGY) Q4 2020 Earnings Conference Call November 12, 2020 4:00 AM ET | --- | |---------------------------------------------------------| | | | Company Participants | | Sabine Reichel - Head of IR | | Joe Kaeser - Chairman & President | | Roland Busch - Chief Executive Officer | | Ralf Thomas - Chief Financial Officer | | Conference Call Participants | | Ben Uglow - Morgan Stanley | | Andreas Willi - JPMorgan | | Alexander Virgo - Bank of America James Moore - Redburn | | Ma ...

| --- | --- | --- | --- | |-------|-----------------------------------------------------------------------------------------------|-------|-------| | | | | | | | | | | | | Excellent performance in remarkable times | | | | | Joe Kaeser, President and CEO Siemens AG | | | | | Roland Busch, Deputy CEO Siemens AG | | | | | Ralf P. Thomas, CFO Siemens AG | | | | | | | | | | Unrestricted \| © Siemens 2020 \| Investor Relations \| Q4 FY 2020 Analyst Call \| 2020-11-12 | | | Notes and forward-looking statements Thi ...

Siemens AG (OTCPK:SIEGY) Q3 2020 Results Conference Call August 6, 2020 4:30 AM ET Company Participants Sabine Reichel - Head, IR Joe Kaeser - Chairman, President and CEO Roland Busch - Deputy CEO, COO and CTO Ralf Thomas - CFO Conference Call Participants Andreas Willi - JPMorgan Ben Uglow - Morgan Stanley Alexander Virgo - Bank of America Simon Toennessen - Jefferies Martin Wilkie - Citi Jonathan Mounsey - Exane BNP Paribas Gael de-Bray - Deutsche Bank James Moore - Redburn William Mackie - Kepler Cheuvre ...

| --- | --- | |------------------------------------------------------|-------| | | | | Q3 - Strong team performance in challenging times! | | | Strategy concept Vision 2020+ gains traction | | | | | | Joe Kaeser, President and CEO | | Unrestricted © Siemens 2020 siemens.com 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 sta ...

Financial Data and Key Metrics Changes - Siemens reported a revenue decline of 1% in fiscal Q2, primarily due to lower demand in short-cycle industry-related businesses in Digital Industries and Smart Infrastructure, partially offset by growth in Mobility and Siemens Healthineers [12][33] - The operational margin improved to 12.1%, reflecting a strong performance despite adverse conditions [13] - The company adjusted its top-line outlook and refrained from providing EPS guidance due to the uncertain macroeconomic environment [9][34] Business Line Data and Key Metrics Changes - **Digital Industries**: Order growth of 2% was driven by customer-driven safety stocking effects, particularly in China, while revenue declined significantly due to lower demand in discrete automation and process automation [23][24] - **Smart Infrastructure**: Revenue decreased by 1%, with a solid book-to-bill ratio of 1.08, but faced challenges from project delays and lower demand in solutions and services [26] - **Mobility**: Achieved a revenue growth of 6%, supported by large rolling stock projects, with a solid margin of 9.3% [27] Market Data and Key Metrics Changes - The company observed a significant decline in economic output and customer demand globally due to COVID-19, particularly affecting core verticals like automotive and machine building [9][10] - In China, there was a notable downturn in January and February, followed by a recovery in March, indicating a mixed outlook for demand [9][71] Company Strategy and Development Direction - Siemens is focused on executing its Vision 2020+ plan, which includes a strategic spin-off of Siemens Energy, expected to be completed by the end of fiscal 2020 [13][34] - The company aims to drive further margin expansion and has intensified cost reduction measures across its businesses, targeting €475 million in cost reductions by fiscal 2021 [16] - Siemens is positioning itself to capitalize on midterm opportunities arising from the crisis, particularly in automation and digitalization [10][35] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the macroeconomic developments beyond Q3 and acknowledged the challenges posed by COVID-19 on business operations [9][33] - Despite current challenges, management remains confident in the company's ability to emerge stronger from the crisis, leveraging its strengths in automation and digitalization [10][35] Other Important Information - The company has a healthy financial position with net available liquidity of €11.4 billion and has paused its share buyback program in light of the upcoming spin-off [31][32] - Siemens Financial Services experienced an increase in COVID-19 related credit hits but is expected to stabilize moving forward [30] Q&A Session Summary Question: Clarification on software order growth and demand - Management clarified that Digital Industries saw a 2% growth in new orders, primarily driven by restocking effects, with strong momentum in the semiconductor business [40][41] Question: Future of Siemens Financial Services post-spin-off - Management indicated that Siemens Financial Services will operate at arm's length from Siemens Energy, maintaining a solid structure to cater to market needs [45][49] Question: Mobility performance and revenue impact - Management noted that Mobility achieved strong revenue growth in Q2, but access to customer sites remains a challenge, potentially delaying milestone payments [52][54] Question: Customer behavior in construction projects - Management highlighted that while there are delays in order intake, critical infrastructure projects continue to see demand, particularly in healthcare and data centers [60][64]