Accelerating Value Creation

Ralf P. Thomas, CFO Siemens AG

Unrestricted | © Siemens 2021 | Capital Market Day | 2021-06-24

Notes and forward-looking statements

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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.

Page 2 Unrestricted | © Siemens 2021 | Capital Market Day | 2021-06-24

Successful transformation driving step-change in business profile

Siemens Energy spin-off

Capital

Market Day

May 8, 2019

June 16, 2021

Siemens

+42%

Siemens Healthineers

+32%

  • De-riskedand focused business model
  • Better mix, lower project and solution share
  • Higher profit conversion from product and software businesses
  • Structurally improved profitability level
  • Strong growth opportunities driven by
    secular trends, digitalization and sustainability

Page 3 Unrestricted | © Siemens 2021 | Capital Market Day | 2021-06-24

Accelerating value creation for strong and sustainable shareholder return …

Stringent

Profitable

capital

growth

allocation

Strong

cash generation

… based on strong investment grade rating

Page 4 Unrestricted | © Siemens 2021 | Capital Market Day | 2021-06-24

Driving profitable growth by leveraging investments in digitalization

R&D intensity

Revenue

Margin range

FY 2016-2020

8%

growth (comp.)

5%

5-7%

Maintained

17-23%

4-6%

11-16%

Competition1

Siemens 2

Focused capital allocation and industry-leading investments

in innovation; €22bn invested over past five years2

High level of investments into Software and IoT, ~50% of

5-8%

10-13%

Maintained

1 ABB, Alstom, Dassault, Philips, Rockwell and Schneider

2 Excluding Siemens Energy

>5%

17-21%

Page 5 Unrestricted | © Siemens 2021 | Capital Market Day | 2021-06-24

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Siemens AG published this content on 24 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2021 06:56:02 UTC.