Strong topline momentum and solid execution - Outstanding Free cash flow

Roland Busch, CEO Siemens AG

Ralf P. Thomas, CFO Siemens AG

Unrestricted | © Siemens 2022 | Investor Relations | Q3 Analyst Call | 2022-08-11

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 statements

may be identified by words such as "expect," "look forward to," "anticipate,"

"intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements.

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Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including

future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward- looking statements in light of developments which differ from those anticipated.

This document includes - in the applicable financial reporting framework not clearly defined - supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens' net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

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Focus on operational execution and driving strategic initiatives

Current macroeconomic challenges as potential mid-term growth drivers

Geopolitics impacting energy & gas availability Inflation & rising interest rates

Supply chain constraints

Pandemic

Growth drivers fully intact

Need for automation, digitalization, decarbonization Current challenges accelerate transformation

  • Low energy / low gas intensive business
  • Implementation of gas contingency measures
  • Scenario planning, tight Opex management
  • Balanced geographic footprint provides flexibility
  • Economic equation: pricing actions and productivity balance cost increases
  • Technology leader combining real & digital worlds
  • Attractive portfolio with growing digital and services share
  • Customers save >100x CO2 than caused by Siemens operations
  • Execution of strategic initiatives fully on track
  • Good visibility with record order backlog of €99bn

Page 3 Unrestricted | © Siemens 2022 | Investor Relations | Q3 Analyst Call | 2022-08-11

Siemens Group with well balanced footprint across geographies Diversified supply chain and proactively managed risk exposure

Revenue

€51.4bn YTD

Factories

~ 180

Purchasing

volume

~€25bn YTD

Direct energy ~1%

Americas

EMEA

Therein GER:

29%

47%

17%

25%

49%

24%

~280 GWh p.a. gas usage,

thereof~90% heating

22%

55%

29%

Close to 100% of electricity from

renewable sources in Europe

Asia Pacific

24%

26%

23%

Page 4 Unrestricted | © Siemens 2022 | Investor Relations | Q3 Analyst Call | 2022-08-11

Q3 Key topics

Strong demand with outstanding cash generation, consistent execution on portfolio

  • Excellent order momentum: Book-to-bill 1.23, record high quality order backlog of €99bn
  • Further gaining market share in DI Automation: Revenue up +15%
  • SaaS-Transformationon track: ARR +13%, Cloud ARR up 3ppts to 12% share
  • Outstanding cash generation: FCF all in of €2.3bn; further €2.3bn divestment proceeds by July
  • Strong balance sheet: A+/A1 credit rating; share buyback accelerated to €1.1bn YTD
  • Stringent execution of strategic initiatives: Grow digital, drive sustainability, optimize portfolio
  • Guidance: Adjusted for non-cash impairment of Siemens Energy stake only

Step change in performance

Free cash flow in % of sales

15%

13.2%

11.2%

10%

7.0%

7.2%

6.9%

7.0%

5 - 7.5%

6.7%

0%

5.8%

6.2%

5.7%

FY12

FY13

FY14

FY15

FY16

FY17

FY18

FY19

FY20

FY21

FY22e

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Siemens AG published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 05:10:07 UTC.