Analyst Meet 2010-11 Siemens Ltd. November 28, 2011 Page 1 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Operational Highlights Financial Analysis Future Outlook Page 2 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
India in spotlight “India is at a central point of our global growth strategy, both in terms of its vibrant domestic market and as a manufacturing base for the global market … India’s contribution to Siemens’ global revenues has been steadily rising. … We expect the country to play an even larger role in our global operations in the future… Siemens is excellently positioned to capture an above-average share of the growth taking place in these markets.” - Mr. Peter Loescher, President and CEO, Siemens AG (September 2011) ‘India is at a central point of our global growth strategy’ Page 3 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Our key thrust areas Innovation Examples: 1. 100th Gas Insulated Switchgear Substation 2. reverse-osmosis machines for water purification Base-level strategy 1. Order intake doubled as percentage of overall new orders – 5% to 10% 2. On track to achieve target of €1 billion sales from SMART by 2020 Environmental solutions Examples: 1. Traffic signaling with low-voltage technology 2. Monitoring & control systems for cooling / air quality Order intake for SMART doubled Page 4 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Operational Highights � FY 2010-11 was year of moderate growth amid turbulent macro- economic situation � All three Sectors posted steady results. Industry grew by 12%, Energy by 42% & Healthcare by 39% topline. � Initiatives to increase focus on vertical expertise, consolidate operations with operational synergies, value-added services Moderate, stable growth in turbulent macro-economic situation Page 5 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Operational Highlights & Sector Performances Financial Analysis Future Outlook Page 6 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Financial Highights of Siemens Ltd. In Rs. Billion 2010 2010 2011 2011 + + / / - % -1% -1% New Orders 124”305 122”886 Sales 93”152 119”419 28% 28% Profit from Operations 11”917 11”974 0.5% 0.5% (% of Sales) 13% 10% Profit Before Tax 12”587 12”750 1% 1% Profit After Tax 8”272 8”454 2% 2% Dividend Rs 5 Rs 6 ROCE EPS P/E Sep 10 Sep 11 Sep 10 Sep 11 Sep 10 Sep 11 25.9% 22.5% 24.53 24.95 33.43 33.73 Page 7 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Stable Order Value (in Rs. Billion) -1% 124”3 122”9 44% -24% 35% Page 8 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Order Value - Normal and Major projects Uno Sugen - 1 124”305 % 122”886 6”3 received in Q4 2010 -60% 25% Major project in Energy include Qatar VII, Qatar IX, UNO Sugen and D Gen Page 9 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Steady New Order Bookings Growth moderation y (in Rs. Billion) r e 124"3 122"8 v o c e Near-recession R 95"7 88"0 87"2 82''0 41''2 30''1 16''8 16"7 15''5 12''7 12''0 11''5 10''8 9''4 8''3 '94-95 '95-96 '96-97 '97-98 '98-99 '99-00 '00-01 '01-02 '02-03 '03-04 '04-05 '05-06 '06-07 '07-08 '08-09 '09-10 '10-11 Page 10 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Steady growth in Sales (in Rs. Billion) 119”4 0.6 10.5 28% 93”2 0.5 39% 7.5 61.4 43.2 42% 46.9 41.8 12% Sep 10 Sep 11 Industry Energy Healthcare SRE & Others Page 11 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Sales up 10 times in 10 years; growth continues on higher base in last 3 years (in Rs. Billion) Consistent growth 119"4 93"2 Exponential growth 83"9 83"0 77"2 45''1 27''4 17''9 17''5 14''2 12''9 11''7 11''6 11''1 10''5 9''9 8''7 '94-95 '95-96 '96-97 '97-98 '98-99 '99-00 '00-01 '01-02 '02-03 '03-04 '04-05 '05-06 '06-07 '07-08 '08-09 '09-10 '10-11 Page 12 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Industry Sector FY 2010 FY 2011 +/- (Rs. Bn) (Rs. Bn) Orders 39.2 52.9 35% Sales 41.8 46.9 12% Profit from 3.9 3.9 1% Operations 9% 8% (% of sales) � Short cycle product business continues healthy growth � Mining, marine, steel & cement sectors experience slow down. � Commodity price increases affect profitability. Profitability impacted due to cost overruns, commodity prices and mergers Page 13 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Energy Sector FY 2010 FY 2011 +/- (Rs. Bn) (Rs. Bn) Orders 76.7 58.2 -24 % Sales 43.2 61.4 42% Profit from 7.0 7.1 1% Operations 16% 12% (% of sales) � Order Intake grows by 11% on comparable basis after excluding large order intakes. � All Divisions register good growth in Sales. � Profit impacted by low margins on large orders, commodity prices & pricing pressures. Excluding impact of large orders in 2010, orders grew by 11% Page 14 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Healthcare Sector FY 2010 FY 2011 +/- (Rs. Bn) (Rs. Bn) Orders 7.8 11.2 44% Sales 7.5 10.5 39% Profit from 0.5 0.5 -1% Operations 7% 5% (% of sales) � Healthcare business has performed well � Profit from operations down due to increased price pressures and merger impact of SHDL Impressive performance in New Orders and Sales Page 15 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Debtors and Inventory turns Page 16 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Capital Market Performance FY 2011 Siemens’ outperforms the Sensex 120 Siemens +2% Sensex -18% 100 80 Market Capitalization 30/9/2010 30/9/2011 60 Rs. 275”6 Rs. 281”2 Sep-10 Oct-10 Nov-10 Dec-10 J an-11 Feb-11 Mar-11 Apr-11 May-11 J un-11 J ul-11 Aug-11 Sep-11 Page 17 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Siemens demonstrates sustainable growth § All three Sectors registered stable performance § Our focus continues to be on • Profitable growth • Operational efficiencies • Project and Risk Management § Steady growth in short cycle / product business § Strong backlog out of Project business Page 18 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Operational Highlights & Sector Performances Financial Analysis Future Outlook Page 19 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
To Sum Up § Sustainable, stable operational and financial performance in FY 2010-11 § Parent company Siemens AG considers India central to global growth; increases stake in Siemens Ltd. § Domestic economy facing high inflation, interest rates and input costs, leading to margins being, under pressure Going ahead: Committed to sustainable growth Page 20 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
New organization of Siemens since October 1, 2011 – Four Sectors cover the global trends Infrastructure Industry Energy Healthcare & Cities Industrial Automation Fossil Imaging & Therapy Rail Systems Drive Technologies Clinical Products Mobility and Logistics Oil & Gas Customer Services Diagnostics Low & Medium Voltage Power Transmission Metals Technology Wind Smart Grid Solar Building Technologies Page 21 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
Thank You ! Page 22 Analyst Meet 2011 – Presentation by MD and CFO, Siemens Ltd. – Nov. 28, 2011
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