SIEMENSNSE10 June 2022

Siemens Limited has informed the Exchange about Investor Presentation

Siemens Limited

SIEMENS

1 oth June, 2022

National Stock Exchange of India Limited BSE Limited

Scrip Code -

National Stock Exchange of India Limited: SIEMENS EQ BSE Limited: 500550

Information pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201 5 ("Listing Regulations")

Dear Sir/ Madam,

Pursuant to Regulation 30, 46 and other applicable provisions of the Listing Regulations, please find enclosed the presentation made at the Analysts/ Institutional Investors Meet held today i.e. 1 oth June, 2022.

said

The at: https://new.siemens.com/in/en/company/investor-relations/analyst-meet.html.

presentation

the website of

available

is also

the Company

Kindly take the above information on record.

Yours faithfully,

or Siemens Limited

tan Ttiaker

Company Secretary

Siemens Limited Management: Sunil Mathur CIN: L28920MH1957PLC010839

Birla Aurora, Level 21, Plot No. 1080, Tel.: +91 22 6251 7000 Dr. Annie Besant Road, Worli, Mumbai - 400030 India

Website: www.siemens.co.in E-mail: Corporate- Secretariat.in@siemens.com

Registered Office: Birla Aurora, Level 21, Plot No. 1080, Dr. Annie Besant Road, Worli, Mumbai -400030. Telephone +91226251 7000. Fax +91 22 24362403. Sales Offices: Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Gurgaon, Hyderabad, Jaipur, Jamshedpur, Kharghar, Kolkata, Lucknow, Kochi, Mumbai, Nagpur, Navi Mumbai, New Delhi, Puducherry, Pune, Vadodara, Visakhapatnam.

Driving profitable growth

Siemens Limited H1 FY 22 Analyst Call Sunil Mathur, Managing Director and CEO

Daniel Spindler, Executive Director and CFO 10th June, 2022

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Disclaimer

This presentation has been prepared solely for use at the investor/analyst presentation. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations:

a) Siemens Ltd. (“Siemens” or “Company”) cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can generally be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as “targets”, “believes”, “expects”, “aims”, “assumes”, “intends”, “plans”, “seeks”, “will”, “may”, “anticipates”, “would”, “could”, “continues”, “estimate”, “milestone” or other words of similar meaning and similar expressions or the negatives thereof;

b) By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected;

c) Given the aforementioned uncertainties, prospective or present investors are cautioned not to place undue reliance on any of these forward-

looking statements;

d) No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investments decision whatsoever. Investor/prospective investor must seek advice on specific situation from well-informed legal, investment, tax, financial, and management professionals;

e) This presentation and its contents must not be distributed, published or reproduced. This presentation does not constitute a recommendation

regarding the securities of the Company.

Page 2

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

H1 FY 22 – Key Highlights

Market momentum continues

Orders up >60%, Revenue up 10%

Stringent supply chain & cost management

Double digit profitability & strong cash position

Sustainability an integral part of Siemens

Page 3 Page 3

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Agenda

Business highlights

Financial highlights

Summary

Page 4

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Market momentum continues | Headwinds remain

Vertical trends

Generation

Infrastructure

Automotive

Mainline

Transmission

Data Center

Pharma

Metro

Distribution

Buildings

Intralogistics

e-Mobility

Headwinds

Supply chain Delays in semiconductor components

Inflation Impact on raw material prices

Interest rate Limited short-term impact

Page 5

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Highest Order Backlog supported by solid growth in base business

figures in billion INR, % y-o-y development

+145.7%

+8.7% +9.3% +16.9%

+4.9%

32.2

32.1

33.1

43.4

33.8

-7.4% -17.8%

29.3

28.3

-39.0%

17.7

+61.4%

+65.3%

53.0

53.4

Highest Order Backlog ever at 171.7

Solid growth in base business

Several large orders

Q1 FY 20

Q2 FY 20

Q3 FY 20

Q4 FY 20

Q1 FY 21

Q2 FY 21

Q3 FY 21

Q4 FY 21

Q1 FY 22

Q2 FY 22

1st wave

2nd wave

Note: Continuing Operations without Mechanical Drives business

Page 6

Market momentum combined with strong execution driving growth

+28%

+37%

+78%

+391%

• Growth in industrial

• Private distribution utilities

• Demand in Metals,

decarbonization solutions - WHR, biomass, Modernization & Upgrade

revamping network

Cement, Infrastructure

• Pune Hinjewadi Metro project

• Renewable projects driving

• Investments in Data

• Growth continues in

Transmission growth

Centers, Transportation

Pharma, F&B

• Continued Electrification & Signaling modernization

• Sugar, Cement, Steel, O&G witnessing high growth

• Infrastructure investments driving Cement & Steel growth

• Emerging Sectors (Metros, Intralogistics, Aerospace, Tunnel Automation) continue to grow

• Growth in Mainline

Page 7

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Good mix, large orders expanding project business

% of New Orders

Portfolio Mix

Export & Domestic

Government & Private

Project Product and Service

Export Domestic

Government Private

29.0%

35.9%

71.0%

64.1%

17.7%

14.3%

9.4%

82.3%

85.8%

90.6%

H1 FY 21

H1 FY 22

H1 FY 21

H1 FY 22

H1 FY 21

H1 FY 22

Page 8

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Success across businesses accelerating growth

400/11kV AIS substation for powering lift irrigation

Data Center electrification with high efficiency, reliability and safety

Automating 1st indigenous greenfield Covid vaccine production

Pune Hinjewadi, 1st PPP Metro, in partnership with TATA

1st Industrial STATCOM, enhancing grid stability

Turnkey 33kV Switchyard at one of the deepest all-weather ports

Automation & Electrical Package for 23x Cranes in Steel Industry

IR Trainset Development (Vande Bharat)

Page 9

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Continued interest in Digitalization

SE + DI

Securing Critical Infrastructure

Warehouse Digitalization

Digital Twin of Automotive Production

Protecting one of India’s largest gas power plants from cyber attacks 1)

Intralogistics company using simulation & automation to build high productivity warehouses

Digital Twin of paint shop 2) reducing energy consumption & increasing productivity

1) Using Network Intrusion Detection System 2) using MindSphere and Plant Simulation

Page 10

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Globally, Siemens is accelerating Sustainability approach through DEGREE

Decarbonization

support the 1.5°C target to fight global warming

Ethics

foster a culture of trust, adhere to ethical standards and handle data with care

Governance

apply state-of-the-art systems for effective and responsible business conduct

Employability

enable our people to stay resilient & relevant in a permanently changing environment

Equity

foster diversity, inclusion, and community development to create a sense of belonging

Page 11

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Resource efficiency

achieve circularity and dematerialization

Siemens India is committed to DEGREE, focused on creating lasting value

Decarbonization

Ethics

Governance

Resource efficiency Equity

Employability

Electric Mobility

eCharging infrastructure at Chandigarh, Bengaluru

Business Conduct Guidelines Strive to achieve 100% trainings for all employees

Supplier Code of Conduct Clear supplier commitment to our fundamentals

7 MW Green Energy in Kalwa and Aurangabad DES 1) and offsite captive solar to power our factories

Project Asha

Dual VET

Access to water, electricity, health, education (>600k people, >100 villages)

Implemented at ~300 ITIs in 14 states (yearly ~45k students)

Waste Heat Recovery

Reducing carbon footprint at large cement producer

Siemens Integrity Initiative Collective Action to create fair market conditions and level playing field

Environmental & Social Due Diligence ESG Radar set-up to assess, manage & monitor risks

DES @ IIT Kanpur

Integrating microgrid, solar, biomass, eCharging, smart metering

Diversity, Equity & Inclusion Strengthen diversity and inclusivity in top functions

Digital Learning Hours

Focus on upskilling across employee base

1) Distributed Energy System Page 12

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Our intelligent and sustainable solutions support customers increase competitiveness and combat climate change

Eco-design Transformers Using biodegradable ester fluids for insulation of transformers instead of oil

Grid Control Center Integrating grids for decentralized generation

High Efficiency Motors & Drives 3x efficiency reducing energy consumption

Electric Locomotives Propulsion systems for locomotives, saving electricity using braking energy

Power Plant Modernization Improving assets and environmental compatibility with higher reliability

Demand Flow® HVAC Chiller optimization reducing energy costs and improving operational efficiency

SIMATIC Energy Suite Energy transparency in production by linking energy management with automation

Hotel Load Converter Reducing operating and maintenance costs of trains

Page 13

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Agenda

Business highlights

Financial highlights (Continuing Operations without Mechanical Drives business)

Summary

Page 14

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Strong performance despite challenging environment in Q2 FY 22

New Orders (y-o-y)

+61.4%

Revenue (y-o-y)

+8.2%

EBITDA (% of revenue)

+12.5%

Profit before Tax (% of revenue)

Profit after Tax (% of revenue)

Earnings per Share (in INR)

+12.5% +9.2%

₹ 9.23

Page 15

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Strong business performance continues throughout H1 FY 22

New Orders (y-o-y)

+63.3%

Revenue (y-o-y)

+9.9%

EBITDA (% of revenue)

+11.5%

Profit before Tax (% of revenue)

Profit after Tax (% of revenue)

Earnings per Share (in INR)

+11.5% +8.5%

₹ 16.12

Page 16

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

Second highest revenue in Q2 FY 22

+15.2%

+8.2%

-9.2%

+29.6%

+11.8%

+15.9%

+131.3%

-6.5% -23.1%

24.7

25.4

-60.8%

34.2

33.0

28.6

26.6

39.4

32.0

35.7

11.5

Q1 FY 20

Q2 FY 20

Q3 FY 20

Q4 FY 20

Q1 FY 21

Q2 FY 21

Q3 FY 21

Q4 FY 21

Q1 FY 22

Q2 FY 22

1st wave

2nd wave

Page 17

Restricted | © Siemens 20XX | Author | Department | YYYY-MM-DD

Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call

figures in billion INR % y-o-y development

Book-to-bill at 1.57 points towards uptick in H2 FY 22

Large orders in SE and MO with longer cycle times

Supply chain delays

Higher Book-to-bill in H1 FY 22

x.xx Book-to-bill

New Orders

Revenue

1.06

1.04

1.03

1.70

3.83

0.77

0.86

0.98

H1 FY 19

H1 FY 20

H1 FY 21

H1 FY 22

H1 FY 19

H1 FY 20

H1 FY 21

H1 FY 22

• Advance ordering by channel partners due to higher lead times • Supply chain delays

• Large metro projects backlog • Execution period >3 years

1.16

1.15

1.06

1.31

1.21

1.34

1.06

1.29

H1 FY 19

H1 FY 20

H1 FY 21

H1 FY 22

H1 FY 19

H1 FY 20

H1 FY 21

H1 FY 22

• Shifts in project offtakes

Page 18

• Production impact in January due to COVID • Supply chain delays

Double digit profitability in Q1 and Q2 FY 22

figures in billion INR % y-o-y development

+13.0%

+3.2

+8.6%

+2.2

-0.1% 0.0

Q3 FY 20

Q1 FY 20

Q2 FY 20

+13.2%

+13.4%

+10.9%

+12.5%

+12.6%

+10.4%

+4.5

+4.4

+3.6

+8.6%

+2.3

+4.3

+4.5

+3.3

Operational margin stable

Better price extraction

Discretionary spending maintained

Q4 FY 20

Q1 FY 21

Q2 FY 21

Q3 FY 21

Q4 FY 21

Q1 FY 22

Q2 FY 22

1st wave

2nd wave

Page 19

Strong Performance in H1 FY 22 across all Businesses

New Orders

Revenue

xx.x% EBITDA to revenue

+28%

29.6

23.1

+4%

21.7

22.6

+16.1%

+14.1%

+37%

26.9

19.6

+13%

18.4

+11.1%

20.8

+9.1%

H1 FY 21

H1 FY 22

H1 FY 21

H1 FY 22

H1 FY 21

H1 FY 22

H1 FY 21

H1 FY 22

+78%

27.4

15.4

+7%

15.0

16.1

+391%

20.3

+10.7%

+11.1%

4.1

+26%

4.2

+11.5%

5.3

+10.0%

H1 FY 21

H1 FY 22

H1 FY 21

H1 FY 22

H1 FY 21

H1 FY 22

H1 FY 21

H1 FY 22

Page 20

Agenda

Business highlights

Financial highlights

Summary

Page 21

Siemens is well positioned for profitable growth

Market uptick expected to continue

Strong growth in short cycle business and high-volume project business

Continued interest in Digitalization

Stringent supply chain & cost management

Maintain high profitability & strong cash position

Sustainability at our core

Page 22

Thank you

Page 23

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