Siemens Limited has informed the Exchange about Investor Presentation
9th December, 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, 2015 (“Listing Regulations”)
Dear Sir / Madam,
Pursuant to Regulation 30, 46 and other applicable regulations of the Listing Regulations, please find enclosed the presentation made at the Analysts / Institutional Investors Meet held today i.e. 9th December, 2022.
said presentation
The at: https://new.siemens.com/in/en/company/investor-relations/analyst-meet.html.
is also available on
the website of
the Company
Kindly take the above information on record.
Yours faithfully,
For Siemens Limited
Ketan Thaker Company Secretary
Encl.: as above
Siemens Limited Management: Sunil Mathur CIN: L28920MH1957PLC010839
Birla Aurora, Level 21, Plot No. 1080, Dr. Annie Besant Road, Worli, Mumbai – 400030 India
Tel.: +91 22 6251 7000 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 +91 22 6251 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.
Siemens Limited Q4 FY 22 Analyst Call
Sunil Mathur, Managing Director & Chief Executive Officer
Daniel Spindler, Executive Director & Chief Financial Officer
9th December 2022
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Disclaimer
This presentation has been prepared solely for use at the investor/analyst meet. 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 Limted (“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.
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Agenda
Business highlights
Financial highlights (Continuing Operations without Large Drives Applications)
Summary
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FY 22 Highlights
Continued capex spend by Public and Private sectors
Revenues impacted by supply chain challenges
Continued focus on localisation
Uptick in digital solutions to drive customer productivity & energy efficiency
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Vertical markets continued to grow in 2022
Vertical Market Trends 2022
Headwinds
Generation
Data Center
Automotive
Chemicals
Geopolitical turmoil
Transmission
Buildings
e-Mobility
Pharma
Inflation/ Interest rates
Distribution
Railways
F&B
Intralogistics
Supply Chain
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Siemens Energy: Growth in Industrial business
Key Orders, FY 22
Orders, billion INR
22%
62.3
51.1
Powering Steel Plant Supporting capacity expansion with 220kV GIS substation
Modernization & Spares Heat rate improvement by 7%
FY 21
FY 22
Growth Drivers
Challenges
• Growth in transmission network capacity
• Cost escalations in sea freight, road transport
•
Increasing demand of industrial decarbonization solutions –WHR1), biomass, Modernization & Upgrade
• TBCB2) projects delayed due to land acquisition,
Right Of Way
1) Waste Heat Recovery 2) Tariff Based Competitive Bidding
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Smart Infrastructure: Leveraging the infrastructure push
Key Orders, FY 22
Orders, billion INR
30%
52.6
40.4
DISCOM Privatization Compact substation, RMU1)
Data Center Electrification Substation, IBMS2), Fire Systems - high efficiency, reliability, safety
FY 21
FY 22
Growth Drivers
Challenges
• High growth in Data Centers, Smart Metering
projects, E-Mobility, Digital Buildings
•
Increase in import costs of components of products such as GIS, Protection, Automation
• Government focus on infrastructure – Railway,
Airports, Metros, DISCOM privatization
1) Ring Main Unit 2) Integrated Building Management System
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Digital Industries: Strong growth continues
Key Orders, FY 22
Orders, billion INR
53%
45.9
30.0
Greenfield Petrochem Analytical Package for Gas Cracker, Nigeria
Vaccine Manufacturing End-to-end Automation, Cybersecurity for the plant
FY 21
FY 22
Growth Drivers
Challenges
• Large orders in Sugar, Petrochemical, Steel,
• Delayed deliveries of Instrumentation,
Water, F&B, Chemicals
Communication and Automation products
•
Increasing interest in digitalization, e.g., intralogistics in a Steel plant
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Mobility: Electrification orders providing impetus
Key Orders, FY 22
Orders, billion INR
Pune Hinjewadi Metro1) First PPP Metro project in India
Signaling for RVNL2) One of the biggest Signaling orders
33.4
136%
14.2
FY 21
FY 22
Growth Drivers
Challenges
• Large orders such as Pune Hinjewadi Metro
• Supply chain delays for products like axle
Corridor, IR Trainset Development (Vande Bharat), 9000HP Locomotive propulsion upgrade
counter and loco propulsion parts
• Semiconductor shortage
• Major electrification orders
1) Based on New Metro Rail Policy of 2017 2) Rail Vikas Nigam Limited (Kolkata Metro) Page 9
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Sustainability Business is increasing in importance for our customers
Waste Heat Recovery
Energy Efficiency Program
Electric Mobility
Reducing carbon footprint at a large Cement producer
Driving resource efficiency and decarbonization for F&B, Hospitality, Automotive customers
Providing eCharging infrastructure at Chandigarh, Bengaluru
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Xcelerator – Siemens is the partner of choice in digital transformation
A comprehensive, curated portfolio that includes digital and
IoT-enabled offerings from Siemens and certified partners
A continuously growing, powerful ecosystem of
partners
An evolving marketplace that enables education, exploration,
exchange & transaction within a community of customers, partners &
experts
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Xcelerator – Portfolio Design Principles
Interoperable
Flexible
Open
As a service
Cybersecure
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Applications & Software
IT
Cloud
Edge Computing
Field devices, sensors …
OT
Agenda
Business highlights
Financial highlights (Continuing Operations without Large Drives Applications)
Summary
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Q4 FY 22: Continued growth in New Orders and Revenue driving stable EBITDA
New Orders (y-o-y)
+25.4%
Revenue (y-o-y)
EBITDA (% of revenue)
+10.8%
+11.1%
Profit before Tax (% of revenue)
Profit after Tax (% of revenue)
Earnings per Share (in INR)
+12.4% +9.3%
₹ 11.01
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FY 22: Double-digit top line growth supporting stable double-digit EBITDA
New Orders (y-o-y)
+43.1%
Revenue (y-o-y)
EBITDA (% of revenue)
+18.3%
+11.0%
Profit before Tax (% of revenue)
Profit after Tax (% of revenue)
+11.5% +8.6%
Cash from Operations (in billion INR)
₹14.2
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Orders: Steady y-o-y growth in New Orders also based on growth in
Base Business
y-o-y development figures in billion INR
+145.0%
+10.3% +12.5%
+3.0%
31.3
30.9
32.0
41.5
+64.6% +70.2%
+20.3%
+25.4%
Healthy order backlog of 171.8
51.5
52.7
49.9
40.1
Growth in Base Business
Multiple large orders in SE, SI and MO (Pune Hinjewadi 9.4 in Q1 FY 22)
Q1 FY 21
Q2 FY 21
Q3 FY 21
Q4 FY 21
Q1 FY 22
Q2 FY 22
Q3 FY 22
Q4 FY 22
2nd wave
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Orders: Balanced mix enriched by large domestic orders expanding
project business
% of new orders
Portfolio Mix
Export & Domestic
Government & Private
Project Product and Service
Export Domestic
Government Private
36.4%
37.6%
63.6%
62.4%
15.7%
14.2%
20.2%
15.5%
84.3%
85.8%
79.8%
84.5%
FY 21
FY 22
FY 21
FY 22
FY 21
FY 22
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enue Strong quarter to quarter growth repeatedly for several quarters in
a row
+29.1%
+17.0%
+135.9%
27.7
31.7
25.7
+15.9%
+50.6%
+7.7%
+10.9%
+
+10.8%
38.2
30.7
34.2
38.6
42.4
Q1 FY 21
Q2 FY 21
Q3 FY 21
Q4 FY 21
Q1 FY 22
Q2 FY 22
Q3 FY 22
Q4 FY 22
2nd wave
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y-o-y development figures in billion INR
Book-to-bill at 1.33 trends towards growth
Strong Order backlog execution throughout FY 22
Enhanced Inventory management
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TDA Despite unfavorable FX/ Commodity impact EBITDA remains
above +11%
+13.5%
+11.1%
+12.6%
+12.8%
+4.3
+3.5
+8.8%
+2.3
+10.7%
+9.8%
+4.2
+3.3
+4.3
+3.8
% of revenue figures in billion INR
+
+11.1%
Operational margin stable
Better price extraction
+4.7
Q1 FY 21
Q2 FY 21
Q3 FY 21
Q4 FY 21
Q1 FY 22
Q2 FY 22
Q3 FY 22
Q4 FY 22
2nd wave
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TDA Bridge: Underlying EBITDA margin improved without FX/ Commodity
impact
figures in million INR
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FY 21FY 22Q4 FY 21Q4 FY 22Revenue from contracts with customers 123,280 145,881 38,228 42,367 EBITDA as reported14,311 16,070 4,236 4,696 Margin (% of revenue)11.6%11.0%11.1%11.1%Included: FX gains/ losses26 -1,307-14-710Commodity gains/ losses339 -771-120-396Total365 -2,078-134-1,106Adjusted EBITDA13,946 18,148 4,370 5,802 Margin (% of revenue)11.3%12.4%11.4%13.7% FY 22 performance
+22%
+13%
51.1
62.3
46.9
53.0
+14.3%
+11.9%
+30%
52.6
40.4
New Order
Revenue
xx.x% EBITDA % of revenue figures in billion INR
+16%
38.9
+9.8%
45.0
+10.4%
FY 21
FY 22
FY 21
FY 22
FY 21
FY 22
FY 21
FY 22
+53%
45.9
30.0
+20%
29.2
+8.8%
34.9
+11.1%
+136%
33.4
14.2
+56%
12.8
+6.7%
8.2
+11.8%
FY 21
FY 22
FY 21
FY 22
FY 21
FY 22
FY 21
FY 22
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Agenda
Business highlights
Financial highlights (Continuing Operations without Large Drives Applications)
Summary
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Outlook for 2023: Strong momentum to continue
Government spending on infrastructure capex to drive growth
Private capex to continue in critical verticals (Semiconductors, Data Centers, EV)
Mobility offerings to be expanded to complete systems (Rolling Stock, Bogies, Turnkey, etc.)
Selective participation in large projects
Continued focus on increasing digitalization business
Increasing interest in Energy Efficiency and Decarbonization solutions
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