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
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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.