Siemens Energy : Präsentation

Leading the Energy Transformation

Maria Ferraro, Chief Financial Officer

March 17, 2023 - Paris

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.

Budget figures for FY23 were approved in Sep-22. The FY23 budget is not updated on a rolling basis and does not reflect any events and developments after the budget was approved; as such, budget figures are outdated and do not reflect nor may be treated to reflect the company's current view and guidance regarding FY23, which prevails over the budget. Particularly, the budget does not reflect the events and developments in Q4 of FY22 or of Q1 FY23. For the company's current guidance on FY23, please refer to the Q1 FY 23 earnings release published on 07-Feb-23.

	Maria Ferraro	2
March 2023	© Siemens Energy, 2023

Our vision Our vision

Siemens Energy is well

To become the most positioned to become the

valuable energy most valuable energy

technology company technology company

2022March-0520-243

Key messages

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

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

Siemens Energy is now excellent positioned to benefit from these investments

We employ 5 key levers to create value for our stakeholders

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

Maria Ferraro

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© Siemens Energy, 2023

Siemens Energy is a

global leader in the energy business

~ 1/6

of global electricity generation is based on our technology.

We are present in

• 90 countries.

1 Number of employees as of September 30, 2022

March 2023

92,000

employees work as a team to energize society.1

We invest around €1bn annually in research and development.

There are multiple scenarios how the electricity market will develop…

Global electricity generation scenarios (TWh)

75,000			Net Zero
70,000
65,000
60,000			Announced Pledges
55,000
50,000			Stated Policies
45,000	3% - 4%
40,000	CAGR
35,000
30,000
0
2020	2030	2040	2050

Global electricity generation by source (TWh)1

Stated Policies							Net Zero
26,726	34,834	42,642	49,845	26,726	37,723	57,924	73,231
				13%		1%			1%
24%	20%	15%	14%	24%
41%	54%	68%	75%	41%		74%	98%	98%
35%	26%	17%	12%	35%		13%
							1%			1%
2020	2030	2040	2050
2020	2030	2040	2050
			Gas		Other energy resources			Coal

Source: IEA WEO 2022

1 Other energy includes: Hydro, Nuclear, Geothermal, Oil, Hydrogen based, Bioenergy March 2023

Massive growth in renewable generation

Growth until 2030

Stated Policies	+146%	+300%
Announced Pledges	+211%	+382%
Net Zero	+320%	+653%

Electricity production capacity to grow continuously until 2030

Stated Policies

Net Zero

+95%

+52%

2020203020202030

Maria Ferraro

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© Siemens Energy, 2023