Siemens Energy : Q3 FY2022 Presentation Analyst Call

Gas and Power resilient while SGRE again weighing down Group results - Major initiatives taken to shape Siemens Energy for the energy transition

Christian Bruch, President and CEO Siemens Energy Maria Ferraro, CFO Siemens Energy

Analyst presentation Q3 FY22 Berlin, August 8, 2022

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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.

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CEO section

Christian Bruch, CEO

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Key Messages

Highlights / Lowlights

• Continuous solid performance at Gas and Power (GP)
• Operating performance at SGRE unsatisfactory
• Capital Markets Day in Berlin (May 23-24)

Market Environment

• Healthy order environment across all businesses at GP
• Wind market dynamics remain challenging
• Supply chain constraints remain in focus

Guidance FY221

SE • Low endof guidance ranges (unchanged)

• Comp.2 revenue development of neg. 2% to pos. 3%
• Adj. EBITA margin before SI of pos. 2% to pos. 4%

GP • Low endof guidance ranges (unchanged)

• Comp.2 revenue development of pos. 1% to pos. 5%
• Adj. EBITA margin before SI of pos. 4.5% to pos. 6.5%

SGRE • Comp.2 revenue decline of (9)%

• EBIT margin pre PPA and I&R of (5.5)%

1 For the SE and GP comparable revenue guidance, effects from lost revenue in connection with business in Russa are excluded | 2 comparable: excluding currency translation and portfolio effects 2022-08-08

Major initiatives

• Company reorganization (new structure effective Oct 1)
• Cash Tender Offer for outstanding SGRE minorities
• Restructuring of business activities in Russia

Q3 FY22 Financial Performance

• Orders: 60.0% comp.2 at €9.8bn
• Order backlog at new high of €93.4bn
• Revenue: (4.7)% comp.2 at €7.3bn; book-to-bill of 1.35
• Adj. EBITA before SI: €(131)m (down from €54m)
• Adj. EBITA margin before SI: (1.8)% (Q3 FY21: 0.7%)
• FCF pre tax: €(25)m (down from €328m)

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Our vision

To become the most valued energy technology company in the world

2022-08-08

CMD 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

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