SIEMENSNSE20 May 2025

Siemens Limited has informed the Exchange about Investor Presentation

Siemens Limited

May 20, 2025

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 provisions of the Listing Regulations, please find enclosed the presentation for the Analysts / Institutional Investors call to be held today i.e. Tuesday, May 20, 2025.

is also available on The said presentation https://www.siemens.com/in/en/company/investor-relations/analyst-meet.html#2025

the website of

the Company at:

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, Kolkata, Lucknow, Kochi, Mumbai, Nagpur, Navi Mumbai, New Delhi, Puducherry, Pune, Vadodara, Visakhapatnam.

Analyst Meet | Mumbai | 20.05.2025 Siemens Limited | Q2 & H1 FY 2025 | Consolidated Results

Sunil Mathur, Managing Director & Chief Executive Officer Wolfgang Wrumnig, Executive Director & Chief Financial Officer

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Unrestricted | © Siemens 2025 | 2025-05-20 | Q2 & H1 FY25 Analyst Meet

Disclaimer

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

a. Siemens Limited ("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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Unrestricted | © Siemens 2025 | 2025-05-20 | Q2 & H1 FY25 Analyst Meet

Q2 FY25 Highlights: Resilient Performance amid Global Uncertainties

Global economy: Geopolitical uncertainty & escalating trade tensions

Moderating domestic growth: Moderate GDP growth, FY25 – 6.5% 1 IIP 164.8 1, Manufacturing PMI 58.1 1

Siemens Limited (excluding Energy business)

New Orders (y-o-y)

+43.5% INR 53.1 Bn

Order backlog (y-o-y)

+7.2% INR 414.6 Bn

Revenue (y-o-y)

+2.6% INR 42.6 Bn

EBITDA (% of revenue)

12.4% INR 5.3 Bn

PAT (% of revenue)

9.6% INR 4.1 Bn

• Growth in all major

segments; LVM down

• Healthy book-to-bill at

1.25x

• DI demand

• DI volume and cost

• Extraordinary gain in

normalization

normalisation

Q2FY24

• MO project delivery

• Higher material cost

• Demerger expenses

schedules

Siemens Energy demerger completed, effective 1 March 2025

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Unrestricted | © Siemens 2025 | 2025-05-20 | Q2 & H1 FY25 Analyst Meet

1) Mar 2025

Vertical markets – Short Term Outlook Largely driven by public capex and emerging verticals

Public capex driven verticals

Conventional verticals

Power Utilities (T&D)

Commercial Buildings

Railways & Metros

Water

Emerging verticals

Electronics, Semiconductor

Batteries

Data Centres

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Unrestricted | © Siemens 2025 | 2025-05-20 | Q2 & H1 FY25 Analyst Meet

Pharma

Cement

Chemicals

Food & Beverage

Automotive

Machine building

Metals

Siemens Limited | Key Q2 updates of businesses

Digital Industries Normalisation of inventories continues

Smart Infrastructure Good traction in Electrification

Mobility Robust pipeline

• Strong market development: New age

• Strong market development: Power

• Steady flow of opportunities in Rolling

tech (Electronics, Semicon., Batteries)

utilities, Semicon

Stock & Signaling

• Metals and Automotive moderating

• Data Centers continue to grow

• Exports : Large export order received

•

Inventory levels with Channel partners

• Capex of Vacuum Interrupters & GIS1

for bogies

normalising

ongoing

•

9k HP project on track. Additional order

for Maintenance booked

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Unrestricted | © Siemens 2025 | 2025-05-20 | Q2 & H1 FY25 Analyst Meet

1) Gas Insulated Switchgears

Digital Industries (DI): Destocking ongoing; sequential growth in orders and revenue

New Orders

+6.1%

9.0

9.5

Value in INR billion

+1.2%

17.5

17.7

• Book-to-bill at 1.0 (H1 FY25)

• Positive order growth in Q2 FY25

• Profitability impacted due to reduced cost absorption on lower revenue, negative product and channel mix and high material cost

• Business normalization cycle:

Q2 FY24

Q2 FY25

H1 FY24

H1 FY25

Revenue

-1.2%

10.1

+17.4%

10.0

+5.0%

Value in INR billion

-12.4%

20.3

+15.3%

17.8

+5.8%

Q2 FY24

Q2 FY25

H1 FY24

H1 FY25

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Unrestricted | © Siemens 2025 | 2025-05-20 | Q2 & H1 FY25 Analyst Meet

-- xx.x% EBITDA % of Revenue

Smart Infrastructure (SI): Strong performance driven by low & medium voltage businesses

New Orders

+13.7%

22.2

25.2

Value in INR billion

+11.4%

44.3

49.3

Q2 FY24

Q2 FY25

H1 FY24

H1 FY25

Revenue

+6.6%

21.1

22.5

+17.0%

+17.5%

Value in INR billion

+6.8%

39.1

41.8

+15.3%

+16.3%

• Book-to-bill at 1.18 (H1 FY25)

• Growth in Orders and Revenue primarily driven

by Electrification and Automation

• Stringent execution and favorable product mix

driving profitability

Q2 FY24

Q2 FY25

H1 FY24

H1 FY25

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Unrestricted | © Siemens 2025 | 2025-05-20 | Q2 & H1 FY25 Analyst Meet

-- xx.x% EBITDA % of Revenue

Mobility (MO): Strong Order Growth, Continued Investments

New Orders

+379.4%

16.0

Value in INR billion

+296.1%

• Book-to-bill at 1.77 (H1 FY25)

24.2

• Key Orders in H1 FY25: propulsion

equipment, bogies for Metro projects in Asia, and railway signaling, 9k HP maintenance

3.3

6.1

Q2 FY24

Q2 FY25

H1 FY24

H1 FY25

Revenue

-1.8%

7.5

+10.3%

7.4

+7.2%

Value in INR billion

-3.0%

14.1

13.7

+9.3%

+8.2%

• Revenue reflecting normal project schedules

• Profitability reflecting continued investments to

support future order and revenue growth

Q2 FY24

Q2 FY25

H1 FY24

H1 FY25

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Unrestricted | © Siemens 2025 | 2025-05-20 | Q2 & H1 FY25 Analyst Meet

-- xx.x% EBITDA % of Revenue

Low Voltage Motors (LVM): Continued softness in performance

New Orders

Value in INR billion

-6.9%

2.5

2.3

-6.6%

4.7

4.4

• Book-to-bill at 0.96 (H1 FY25)

• Order growth impacted due to weak demand

and price pressure

• Revenue from order backlog execution

Q2 FY24

Q2 FY25

H1 FY24

H1 FY25

Revenue

Value in INR billion

• Profitability impacted by lower price realization

and increased royalty payout to Innomotics

+6.0%

2.2

2.3

+11.0%

+9.5%

+4.2%

4.4

4.6

+9.1%

+7.8%

• Management exploring future options

Q2 FY24

Q2 FY25

H1 FY24

H1 FY25

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Unrestricted | © Siemens 2025 | 2025-05-20 | Q2 & H1 FY25 Analyst Meet

-- xx.x% EBITDA % of Revenue

Revenue Mix: Diversified Geographic and Business mix; increase in exports

Domestic & Export

% of Revenue

Business Mix

% of Revenue

2.8%

11.4%

97.2%

88.6%

26.6%

28.8%

73.4%

71.2%

H1 FY24

H1 FY25

H1 FY24

H1 FY25

Export

Domestic

Project

Product and Service

Page 10

Q2 FY2025: Financials for Siemens Ltd.

Order Backlog 1

New Orders

Revenue

EBITDA

EBITDA Margin %

Reported PBT

Exceptional item adjustments

Underlying PBT

Values in INR Billion

Siemens Ltd. (continuing operations)

Q2 FY24

Q2 FY25

% (y-o-y)

386.9

37.0

41.5

6.4

15.3%

8.8

-1.9 2

6.9

414.6

53.1

42.6

5.3

12.4%

5.5

+0.6 3

6.1

+7.2%

+43.5%

+2.6%

-17.2%

-289bps

-37.6%

-11.0%

1) Order Backlog refers to Total Outstanding Orders as of the respective period

2) Gain on sale of property

3) SE Demerger related expenses

Page 11

H1 FY2025: Financials for Siemens Ltd. and Energy Business

Siemens Ltd. (continuing operations)

Energy Business 2 (discontinued operations)

Values in INR Billion

H1 FY24 (6 months)

386.9

H1 FY25 (6 months)

414.6

72.6

78.6

10.9

13.9%

14.3

-2.2 3

12.1

95.6

78.5

9.5

12.1%

10.5

+0.8 4

11.3

% (y-o-y)

+7.2%

+31.7%

-0.1%

-12.8%

H1 FY24 (6 months)

97.4

47.8

27.1

3.8

H1 FY25 (5 months)

150.5

51.0

25.6

5.8

-180bps

14.2%

22.6%

-26.6%

-7.0%

2.5

4.2

Order Backlog 1

New Orders

Revenue

EBITDA

EBITDA Margin %

Reported PBT

Exceptional item adjustments

Underlying PBT

1) Order Backlog refers to Total Outstanding Orders as of the respective period

2) Energy business got demerged w.e.f. 1st Mar 25; numbers for H1FY25 are for 5-month period

3) Gain on sale of property

4) SE Demerger related expenses

Page 12

In summary

1. Notwithstanding global economic uncertainty,

Siemens Limited profitability on track

2. Capex spending continues to be largely driven by

public capex and emerging verticals

3. Mobility and Smart Infrastructure businesses

continue to be growth drivers

4. Management exploring options for the Low Voltage

Motors business

Page 13

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