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

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 ...