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November 2017
This document contains statements related to our future business and financial Siemens neither intends, nor assumes any obligation, to update or revise these
performance and future events or developments involving Siemens that may forward-looking statements in light of developments which differ from those
constitute forward-looking statements. These statements may be identified by anticipated.
words such as expect, look forward to, anticipate, intend, plan, believe,
seek, estimate, will, project or words of similar meaning. We may also This document includes in the applicable financial reporting framework not
make forward-looking statements in other reports, in presentations, in material clearly defined supplemental financial measures that are or may be alternative
delivered to shareholders and in press releases. performance measures (non-GAAP-measures). These supplemental financial
measures should not be viewed in isolation or as alternatives to measures of
In addition, our representatives may from time to time make oral forward-looking Siemens net assets and financial positions or results of operations as presented
statements. Such statements are based on the current expectations in accordance with the applicable financial reporting framework in its
and certain assumptions of Siemens management, of which many are beyond Consolidated Financial Statements. Other companies that report or describe
Siemens control. These are subject to a number of risks, uncertainties and similarly titled alternative performance measures may calculate them differently.
factors, including, but not limited to those described in disclosures, in particular in
Due to rounding, numbers presented throughout this and other documents may
the chapter Risks in the Annual Report.
not add up precisely to the totals provided and percentages may not precisely
reflect the absolute figures.
Should one or more of these risks or uncertainties materialize, or should
underlying expectations not occur or assumptions prove incorrect, actual results, All information is preliminary.
performance or achievements of Siemens may (negatively or positively) vary
materially from those described explicitly or implicitly in the relevant forward-
looking statement.
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170 years
of Siemens
Restricted Siemens AG 2017
Milestones of a 170-year history
Werner von Siemens Siemens innovations over the past 170 years
Siemens AG 2017
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Fourth quarter of fiscal 2017
Key figures
(Continuing operations; in millions of
except where otherwise stated) Q4 2017 Q4 2016 Change in % Q4 2017 Q4 2016
Volume Liquidity
Orders 23,663 20,326 16%1 Free cash flow2 2,376 3,570
Revenue 22,299 21,953 1%1
Employees (in thousands) Sept. 30, 2017
Profitability and capital efficiency Total 372
Net income2 1,293 1,176 10% Germany 115
Return on capital employed (ROCE)2 10.5% 11.9% Outside Germany 257
1 Adjusted for portfolio changes and currency conversion effects; 2 Continuing and discontinued operations
Results of operations
Industrial Business
Power Energy Building Mobility Digital Process Healthineers5 Siemens Financial
and Gas Management Technologies Factory Industries Gamesa Services
and Drives Renewable
(in millions of ) Energy5
Orders 3,584 4,050 1,851 2,333 2,949 2,347 3,934 2,791
Revenue 3,649 3,435 1,759 2,233 3,150 2,389 3,705 2,329
Profit 303 311 213 189 501 69 702 (92) 1313
Profit margin 8.3% 9.1% 12.1% 8.4% 15,9% 2.9% 19.0% (3.9)% 16,1%4
3 Income before income taxes; 4 Return on equity (RoE; after taxes); 5 Separately managed
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Fiscal 2017
Liquidity
Free cash flow2 4,769 5,476
Revenue by region
Asia, Australia 19% Europe, CIS3, Africa,
Employees (in thousands) Sept. 30, 2017 Sept. 30, 2016
Middle East
Total 372 351 (without Germany) 39%
Germany 115 113
Outside Germany 257 238
Americas 28%
Germany 13%
1 Adjusted for portfolio changes and currency conversion effects; 2 Continuing and discontinued operations; 3 Commonwealth of Independent States
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Global presence
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Megatrends that are changing our world
Digitalization
By 2020, the global volume of data will soar to
44 zettabytes, and 50 billion devices will be
connected.
Source: IDC, The Digital Universe of Opportunities: Rich Data and the Increasing Value of the Internet of Things, April 2014; Dave Evans (Cisco): The Internet of Things, How the Next Evolution of the Internet Is Changing Everything, April 2011
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Megatrends that are changing our world
Globalization
In the time span of 20 years, global export
volume has more than quadrupled. In 2016,
goods worth US$16 trillion were exported.
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Megatrends that are changing our world
Urbanization
By 2050, nearly 70 percent of the world population
will live in cities; today its 54 percent.
The population of cities worldwide is growing at a
rate of about 50 million people per year.
Accordingly, investments in urban infrastructure
are booming.
Source: United Nations, World Urbanization Prospects. The 2014 Revision, New York, published 2015
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Megatrends that are changing our world
Demographic change
By 2050, the world population will grow from
7.3 billion today to 9.7 billion.
The average life expectancy will be 83 years in
2050; today its 73 years.
Source: United Nations, Department of Economic and Social Affairs, Population Division (2015). World Population Prospects: The 2015 Revision, Key Findings and Advance Tables. Working Paper No. ESA/P/WP.241; Statista: Weltbevlkerung, 2016
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Megatrends that are changing our world
Climate change
At the UN Climate Conference in Paris in 2015, almost
all nations of the world agreed to limit anthropogenic
global warming to well under 2 centigrade.
In the summer of 2017, Earths atmosphere had the
highest concentration of carbon dioxide in 800,000 years.
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Our claim Ingenuity for life
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What we stand for our mission
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Vision 2020 our companys strategy program
Value
Scale up
Strengthen core
Drive performance
Foster ownership culture and leadership based on common values
2015 2016 2017 2018 2019 2020
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Vision 2020 seven goals
Implement stringent company gover- Live lean governance and 1bn cost savings by FY 2016 achieved,
1 nance with effective support functions drive continuous optimization continued productivity of 3-5%
Expand global Get closer to our customers > 30% of Division and BU management
4 management and markets outside Germany
Be an employer Unleash the full potential > 75% approval rating in leadership
6 of choice of our people and diversity in SGES
Foster Ignite pride and passion for Siemens, 50% increase in number
7 Ownership Culture through a new mindset and equity ownership of employee shareholders
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Our focus is on E-A-D
strong growth in D
Note: Figures based on Industrial Business; SGRE as of April 2017 1 Growth FY 2016 to FY 2017, rebased; 9% growth for Siemens software excludes Mentor Graphics
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Successful execution of digitalization strategy
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Our digital portfolio
Cyber
security Digital twin (products and infrastructure)
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Research and development
were investing more and sharpening our focus
5.2 billion 38,000
R&D expenditures in FY 2017 R&D employees1
7,400 3,600 8 17
Inventions1 Patent CKI Principal partner
applications1 universities2 universities
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The next generation of innovation
an independent unit for startups
Capital volume
Capital
Catalyst
1 billion
combines the speed and agility of an for five years
independent investor with the breadth Create
of Siemens businesses and
technologies. The unit doesnt just fund
startups; it also connects entrepreneurs
with industry experts and a global Key technologies Siemens target markets
ecosystem.
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Business to Society
we make real what matters
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How our activities benefit society
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Vision 2020 the five elements of our ownership culture
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Siemens as an employer
in fiscal 2017
Worldwide, 372,000 people
work for Siemens*
New hirings totaled 39,000 worldwide
Siemens work-study programs
provide training for 11,400 trainees
and university students worldwide*
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Management | Managing Board of Siemens AG
Joe Kaeser Roland Busch Lisa Davis Klaus Helmrich Janina Kugel Cedrik Neike Michael Sen Ralf P. Thomas
President and Chief Chief Technology Chief HR Officer Chief Financial Officer
Executive Officer Officer
Governance and CIS1 Amerika Africa Human Resources Asia, Australia Global Services Controlling and
Markets Middle East Power and Gas Europe Energy Management Healthineers2 Finance
Communications Building Technologies Power Generation Digital Factory Siemens Gamesa Financial Services
Legal and Compliance Mobility Services Process Industries Renewable Energy2
Corporate
Development
Corporate Technology
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Management | Divisions
Willi Meixner Ralf Christian Michael Peter Jan Mrosik Roland Markus Tacke
CEO CEO CEO CEO Chalons-Browne CEO
Power and Gas Energy Management Mobility Digital Factory CEO Siemens Gamesa
Financial Services Renewable Energy1
Tim Holt Matthias Rebellius Sabrina Soussan Jrgen Brandes Bernd Montag
CEO CEO CEO CEO CEO
Power Generation Building Technologies Mobility Process Industries Healthineers1
Services and Drives
1 Managed separately
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Company structure
Divisions
Separately managed
Managing Board
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Power and Gas
www.siemens.com/ueber-uns/power-gas
1 As of September 30,2017
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Energy Management
www.siemens.com/about/energy-management
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Building Technologies
www.siemens.com/buildingtechnologies
www.siemens.com/perfect-places
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Mobility
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Digital Factory
FY 2017 FY 2016
Orders in millions of 11,532 10,332
Revenue in millions of 11,378 10,172
Employees1 27,100 26,400
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Process Industries and Drives
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Healthineers
FY 2017 FY 2016
Orders in millions of 14,218 13,830
Revenue in millions of 13,789 13,535
Employees2 46,200 44,800
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Siemens Gamesa Renewable Energy
www.gamesacorp.com/gamesa/en/siemensgamesa.
html
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Financial Services
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A strong partner all over the world
Germany
In fiscal 2017, Siemens supported more than Mitsui Rail Capital Europe (MRCE), a
500,000 jobs1 locomotive leasing company, has ordered
Siemens invests about 200 million per year in 30 Vectron locomotives from Siemens.
vocational training in Germany Ten of the units will be delivered for cross-
border operations in Germany, Austria,
FY 2017 FY 2016
Italy, Switzerland and the Netherlands.
Revenue2 in billions of 11.1 10.7
Twenty further locomotives will be
Employees3 115,000 113,400
equipped as direct-current locomotives
1 Directly, indirectly and indexed 2 From customers in Germany (Vectron DC) to operate in Italy.
3 As of September 30, 2017; continuing operations
For the first time, a portion of the low- Siemens is building an over-
voltage network has been decoupled head contact line for electrified
from the main power grid. In the town freight transport on a ten-
of Wildpoldsried, it was possible to kilometer stretch of freeway in
provide uninterrupted and stable the German state Hesse. The
operation of an island grid. Siemens first infrastructure for electric
implemented a microgrid there a trucks line will supply electricity
regional, self-contained and intelligent for the electric drive of a hybrid
power distribution grid. truck.
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A strong partner all over the world
Europe,1 CIS,2 Africa, Middle East
About 90% of technology used for UAE airport The energy company Eni Norge has joined
logistics comes from Siemens the Siemens Subsea Power Grid Joint
Siemens technology is used to manufacture every Industry Program (JIP). Siemens Subsea is
second vehicle in South Africa jointly developing a complete subsea power
network as part of a Joint Industry Program
FY 2017 FY 2016
(JIP). This JIP is one of the main initiatives
Revenue3 in billions of 32.2 31.1
worldwide for advancing large scale subsea
Employees4 111,000 102,300
processing for the oil and gas industry.
3 From customers in Europe (excluding Germany), CIS, Africa, Middle East
Copyright: Zermatt Bergbahnen AG
4 As of September 30, 2017; continuing operations
Siemens is responsible for 80% of Argentinas new Siemens will automate and power San Diegos
electrical energy capacity Mid-Coast Corridor light rail extension project.
Siemens employs 50,000 people in the U.S. and This project expands Siemens close
invests $1 billion per year in R&D cooperation with MTS, the companys largest
U.S. light rail vehicle customer. MTS purchased
FY 2017 FY 2016
a total of 244 light rail vehicles that were built at
Revenue1 in billions of 23.5 22.7
the Siemens plant in Sacramento.
Employees2 76,000 72,600
Siemens will invest more than $20 The Atellica Solution for advanced
million per year in an R&D hub in Diagnostics Analyzers from Siemens
Chicago, with a focus on developing Healthineers is now available in the
cloud and IoT related applications that U.S. The Atellica Solution provides
support building management and laboratory diagnostics professionals
automation platforms. Chicago is more control and simplicity so that
considered one of the worlds top 10 they can concentrate on clinical
tech hubs. outcomes.
Copyright: Presidencia de BP
Copyright: la Nacion
Images(Argentina)
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A strong partner all over the world
Asia, Australia
More than 4,500 local R&D experts and engineers Siemens Gamesa has been
work for Siemens in China commissioned to develop India's first
Siemens automation technology is used in 1 of every large commercial hybrid wind-solar
3 industrial and manufacturing plants in Singapore project, where a 28.8-MW solar facility
will be connected to an existing 50
FY 2017 FY 2016
. MW wind farm. This is the first project
Revenue in billions of
1 16.2 15.1
of its kind for the company.
Employees2 70,000 62,700
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Contact
Siemens AG
CC TL SP
Werner-von-Siemens-Strae 1
80333 Munich
Germany
siemens.com
contact@siemens.com
Siemens AG 2017
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