Siemens Energy : Commerzbank & ODDO BHF German Investment Seminar

Leading the Energy Transformation

Tim Holt, Member of the Executive Board

Commerzbank and ODDO BHF - German Investment Seminar 2023 January 9-10, 2023 - New York

Siemens Energy is a trademark licensed by Siemens AG.

© Siemens Energy, 2023

Disclaimer

INFORMATION AND FORWARD-LOOKING STATEMENTS This document contains statements related to our future business and financial performance, and future events or developments involving Siemens Energy that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project," or words of similar meaning. We may also make forward-looking statements in other reports, prospectuses, in presentations, in material delivered to shareholders, and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens Energy´s management, of which many are beyond Siemens Energy´s control. These are subject to a number of risks, uncertainties, and other factors, including, but not limited to, those described in disclosures, in particular in the chapter "Report on expected developments and associated material opportunities and risks" in the Annual Report. Should one or more of these risks or uncertainties materialize, should acts of force majeure, such as pandemics, occur, or should underlying expectations including future events occur at a later date or not at all, or should assumptions prove incorrect, Siemens Energy´s actual results, performance, or achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens Energy neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. This document includes supplemental financial measures - that are not clearly defined in the applicable financial reporting framework - and that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens Energy´s net assets and financial position or results of operations as presented in accordance with the applicable financial reporting framework in its consolidated financial statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

	Tim Holt	2
2023-01-09/10	© Siemens Energy, 2023

Acting in a

Changing

environment

Our vision

To become the most valuable energy technology company

Key messages

Since the start of Siemens Energy in 2020 we have made substantial operational improvements & portfolio changes

The electricity and energy market is under significant change and will receive substantial investment over the next decades

Siemens Energy is excellent positioned to benefit from these investments

We focus on 5 key levers to create value for our stakeholders

Driving sustainability across our own portfolio and operations will drive profitable growth

Tim Holt

4

© Siemens Energy, 2023

Siemens Energy supports its customers along the value chain

Low- or zero-emission	Transport and storage	Reducing CO2 footprint and energy
power generation	of electricity	consumption in industrial processes

position	#1	#3	#1	#1	Leading market
Market
	Offshore	Onshore	Gas turbines >10MW2		positions

Examples

Market

• >100GW wind	• 7,800 units of
turbine installations	rotating equipment
	installed

• Global leader in HVDC installations
• Most comprehensive SF6-free switching portfolio

• >60,000 Industrial steam units and >25,000 Compression units in Service Fleet

Market growth1

(CAGR in GW for wind and in €bn for the other projections)

	74
50
2021	2030

	Stable
32	35
2021	2030

	74
50
2021	2030

	43
20
2021	2030

1 Wind market based on BloombergNEF, 2H 2021 Global Wind Market Outlook; excl. China; gas turbine, transmission and industrial market based on
internal market assessment | 2 Power generation applications in H1 FY22	Tim Holt	5
2023-01-09/10	© Siemens Energy, 2023