SIEMENS

SIEMENS 1 o th 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, 2015 ("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 o th June, 2022. The said presentation is also available on the website of the Company at: https://new.siemens.com/in/en/company/investor-relations/analyst-meet.html. Kindly take the above information on record. Yours faithfully, or Siemens Limited tan Ttiaker Company Secretary Siemens Limited Birla Aurora, Level 21, Plot No. 1080, Tel.: +91 22 6251 7000 Management: Sunil Mathur Dr. Annie Besant Road, Worli, Website: www.siemens.co.in CIN: L28920MH1957PLC010839 Mumbai - 400030 E-mail: Corporate- India 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 PPaaggee 33 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 Headwinds Supply chain Generation Infrastructure Automotive Mainline Delays in semiconductor components Inflation Transmission Data Center Pharma Metro Impact on raw material prices Interest rate Limited short-term Distribution Buildings Intralogistics e-Mobility 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 +61.4% +65.3% +145.7% Highest Order +4.9% +16.9% +8.7% +9.3% Backlog ever at 171.7 -7.4% -17.8% 53.0 53.4 Solid growth in 43.4 -39.0% base business 33.8 32.2 32.1 33.1 29.3 28.3 Several large orders 17.7 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY 20 FY 20 FY 20 FY 20 FY 21 FY 21 FY 21 FY 21 FY 22 FY 22 1st wave 2nd wave Note: Continuing Operations without Mechanical Drives business Restricted | © Siemens 20XX | Author | Department | YYYY-MM-DD Page 6 Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call Market momentum combined with strong execution driving growth +28% +37% +78% +391% • Growth in industrial • Private distribution utilities • Demand in Metals, • Pune Hinjewadi decarbonization solutions - revamping network Cement, Infrastructure Metro project WHR, biomass, Modernization & Upgrade • Renewable projects driving • Investments in Data • Growth continues in • Continued Electrification & Transmission growth Centers, Transportation Pharma, F&B Signaling modernization • Sugar, Cement, Steel, • Infrastructure investments • Emerging Sectors (Metros, • Growth in Mainline O&G witnessing high driving Cement & Steel Intralogistics, Aerospace, growth growth Tunnel Automation) continue to grow 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 Export Government Product and Service Domestic Private 9.4% 17.7% 17.7% 14.3% 29.0% 35.9% 90.6% 82.3% 82.3% 85.8% 71.0% 64.1% 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 Data Center electrification with high Automating 1st indigenous greenfield Pune Hinjewadi, 1st PPP Metro, powering lift irrigation efficiency, reliability and safety Covid vaccine production in partnership with TATA 1st Industrial STATCOM, enhancing Turnkey 33kV Switchyard at one of Automation & Electrical Package for IR Trainset Development grid stability the deepest all-weather ports 23x Cranes in Steel Industry (VandeBharat) Page 9 Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call Continued interest in Digitalization SE + DI DI DI Securing Critical Warehouse Digital Twin of Infrastructure Digitalization Automotive Production Protecting one of India’s largest gas power Intralogistics company using simulation & Digital Twin of paint shop 2) reducing energy plants from cyber attacks 1) automation to build high productivity warehouses consumption & increasing productivity 1) Using Network Intrusion Detection System 2) using MindSphereand Plant Simulation Page 10 Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call Globally, Siemens is accelerating Sustainability approach through DEGREE D ecarbonization support the 1.5°C target to fight global warming E E mployability thics enable our people to stay resilient & relevant foster a culture of trust, adhere to ethical in a permanently changing environment standards and handle data with care E G quity overnance foster diversity, inclusion, and community apply state-of-the-art systems for effective development to create a sense of belonging and responsible business conduct R esource efficiency achieve circularity and dematerialization Page 11 Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call Siemens India is committed to DEGREE, focused on creating lasting value D E G R E E ecarbonization thics overnance esource efficiency quity mployability Electric Mobility Business Conduct Supplier Code of 7 MW Green Energy in Project Asha Dual VET Guidelines Conduct Kalwa and Aurangabad eCharging infrastructure at Strive to achieve 100% Clear supplier commitment DES 1) and offsite captive Access to water, electricity, Implemented at ~300 ITIs in Chandigarh, Bengaluru trainings for all employees to our fundamentals solar to power our factories health, education 14 states (yearly ~45k students) (>600k people, >100 villages) Waste Heat Recovery Siemens Integrity Environmental & Social DES @ IIT Kanpur Diversity, Equity & Digital Learning Hours Initiative Due Diligence Inclusion Reducing carbon footprint Collective Action to create ESG Radar set-up to assess, Integrating microgrid, solar, Strengthen diversity and Focus on upskilling across at large cement producer fair market conditions and manage & monitor risks biomass, eCharging, smart inclusivity in top functions employee base level playing field metering 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 Grid Control Center High Efficiency Motors & Drives Electric Locomotives Using biodegradable ester fluids for Integrating grids for 3x efficiency reducing Propulsion systems for locomotives, saving insulation of transformers instead of oil decentralized generation energy consumption electricity using braking energy Power Plant Modernization Demand Flow® SIMATIC Energy Suite Hotel Load Converter Improving assets and environmental HVAC Chiller optimization reducing energy Energy transparency in production by Reducing operating and maintenance costs compatibility with higher reliability costs and improving operational efficiency linking energy management with automation 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 Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) +61.4% +8.2% +12.5% Profit before Tax Profit after Tax Earnings per Share (% of revenue) (% of revenue) (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 Revenue EBITDA (y-o-y) (y-o-y) (% of revenue) +63.3% +9.9% +11.5% Profit before Tax Profit after Tax Earnings per Share (% of revenue) (% of revenue) (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 figures in billion INR % y-o-y development +15.2% +8.2% + -9.2% Book-to-bill at 1.57 +29.6% +11.8% +15.9% points towards uptick +131.3% -23.1% -6.5% in H2 FY 22 39.4 Large orders in SE 35.7 34.2 33.0 32.0 and MO with longer -60.8% 28.6 26.6 24.7 25.4 cycle times 11.5 Supply chain delays Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY 20 FY 20 FY 20 FY 20 FY 21 FY 21 FY 21 FY 21 FY 22 FY 22 1st wave 2nd wave Restricted | © Siemens 20XX | Author | Department | YYYY-MM-DD Page 17 Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call Higher Book-to-bill in H1 FY 22 x.xx Book-to-bill New Orders Revenue 1.70 3.83 DI MO 1.03 1.06 1.04 0.77 0.86 0.98 H1 H1 H1 H1 H1 H1 H1 H1 FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22 • Advance ordering by channel partners due to higher lead times • Large metro projects backlog • Supply chain delays • Execution period >3 years 1.31 1.29 1.16 1.15 1.06 1.21 1.34 1.06 SE SI H1 H1 H1 H1 H1 H1 H1 H1 FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22 • Shifts in project offtakes • Production impact in January due to COVID • Supply chain delays Page 18 Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call Double digit profitability in Q1 and Q2 FY 22 figures in billion INR % y-o-y development +12.5% +13.2% +13.4% +10.9% Operational margin +12.6% stable +10.4% +13.0% Better price extraction +8.6% +8.6% +4.5 +4.4 +4.3 +4.5 +3.6 Discretionary spending +3.2 +3.3 maintained +2.2 +2.3 -0.1% 0.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY 20 FY 20 FY 20 FY 20 FY 21 FY 21 FY 21 FY 21 FY 22 FY 22 1st wave 2nd wave Page 19 Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call Strong Performance in H1 FY 22 across all Businesses New Orders Revenue xx.x% EBITDA to revenue +28% +37% +4% +13% 29.6 26.9 23.1 21.7 22.6 20.8 19.6 18.4 +16.1% +14.1% +9.1% +11.1% 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% +391% +7% 27.4 +26% 20.3 16.1 15.0 5.3 15.4 4.2 +10.7% +11.1% 4.1 +10.0% +11.5% 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 Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call Agenda Business highlights Financial highlights Summary Page 21 Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call 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 Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call Thank you Q A Page 23 Unrestricted | © Siemens 2022 | 2022-06-10 | H1 FY 22 Analyst Call