Solid performance at Gas and Power overshadowed by development at SGRE
Christian Bruch, President and CEO Siemens Energy
Maria Ferraro, CFO Siemens Energy
Analyst presentation Q1 FY22
Berlin, February 9, 2022
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Analyst Call | Q1 FY22 | 2 | ||
2022-02-09 | Siemens Energy is a trademark licensed by Siemens AG. | Unrestricted © Siemens Energy, 2022 |
CEO section
Christian Bruch, CEO
Analyst Call | Q1 FY22 | 3 | ||
2022-02-09 | Siemens Energy is a trademark licensed by Siemens AG. | Unrestricted © Siemens Energy, 2022 |
Key Messages
Highlights / Lowlights
- SGRE profit warning
- Very solid start in Gas and Power (GP)
- Sustainability Report published on January 25, 2022
Market Environment
- Improving boundary conditions
- Solid order environment across all businesses at GP
- SGRE market dynamics remain challenging
- Material availability, supply chain and logistics provide headwinds
Revised Guidance FY22
SE • Revenue development of (2)% to 3% comp.1, prev. (1) to 3%
- Adj. EBITA margin before SI of 2% to 4%, prev. 3% to 5%
GP • Revenue growth of 1% to 5% comp.1 (unchanged)
- Adj. EBITA margin before SI of 4.5% to 6.5% (unchanged)
SGRE • Revenue decline of (2)% to (9)% comp.1, prev. (2) to (7)%
• Adj. EBITA margin before SI of (4)% to 1%, prev. 1% to 4%
1 comparable: excluding currency translation and portfolio effects
2022-02-09
Q1 FY22 Financial Performance
- Orders: +10.1% comp.1 at €8.3bn
- Order backlog at €87bn
- Revenue: -11.4%comp.1 at €6.0bn; book-to-bill of 1.40
- Adj. EBITA before SI: -€63m(down from €366m)
- Adj. EBITA margin before SI: -1.1%
- FCF pre tax: -€69m(up from -€388m)
Analyst Call | Q1 FY22 | 4 |
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SGRE - strategic imperative on wind power remains unchanged
2022-02-09
1 | Wind market offers attractive long term growth |
potential | |
• Significant increase in demand for onshore and offshore | |
• Capitalization on service opportunity | |
2 | Internal and external Challenges |
• Supply chain constraints | |
• 5.X ramp-up challenges | |
3 | Measures |
• Acceleration and stringent execution of turnaround plan for |
onshore
Analyst Call | Q1 FY22 5
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