Siemens Energy : BofA Grid Infrastructure Investment Outlook Conference 2023

No transmission, no energy transition

BofA Grid Infrastructure Investment Outlook on September 13, 2023 Tim Holt, Member of the Executive Board of Siemens Energy

and Executive Vice President Grid Technologies

© Siemens Energy, 2023

To avert climate disaster and power a greener future,

we need …

• 6 times more renewable generation by 2050.
• thereof >200 GW offshore wind additions only by 2030.
• and an electrical grid of more than 150 million km by 2050.

© Siemens Energy, 2023

2

From autonomous national grids to digital integrated systems

How the

grid of the future could

look like

DC

AC

Wind power

Solar

Converter

Storage

© Siemens Energy, 2023

3

We enable a reliable, sustainable and digital grid through a leading portfolio

Our grid technology portfolio

Digital Grid

• Grid Consulting
• IoT and Edge
• Grid Automation

01 Grid Solutions 02

• High-VoltageDirect Current (HVDC) - onshore & offshore
• Flexible AC Transmission System (FACTS)
• Substations - onshore & offshore
• Medium-VoltageDirect Current (MVDC)

Products	03	Storage	04	Service	05
•	Power and Distribution		• Battery storage system for	•	Product services
	Transformers		grid stabilization and		•	Modernization and
•	Bushings, Instrument		special applications			upgrades
	Transformers & Coils				•	Long-term service
•	Renewables & Traction					concepts and grid
•	Switchgears					integration

• Product bundles and systems

© Siemens Energy, 2023

4

Grid Technologies: Strong improvement across all KPIs

Q3 FY231

Orders	Revenue	Profit before SI
in €bn	in €bn	in €m
					6.3%	3.6%	7.4%
		13,5
		6,3
10,4	5,8		5,2	365		383
7,3						227

FY21

FY22

FY23 Q3 YTD

FY21

FY22

FY23 Q3 YTD

FY21

FY22

FY23 Q3 YTD

1 Prior year figures are presented on a comparable basis

X.X% Profit margin before Special Items

5

© Siemens Energy, 2023