Siemens Energy Company presentation August 2020 - Digital Asset Management
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Siemens Energy Company presentation August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Disclaimer
This document has been prepared in respect of Siemens Energy AG (together with its subsidiaries, The information and opinions contained in this document are provided as at the date of this presentation
“Siemens Energy”), under which the majority of the energy business of Siemens Aktiengesellschaft and are subject to change without notice. They do not purport to contain all information that may be required
(together with its subsidiaries, “Siemens”) will be bundled. It is intended to admit the shares in Siemens to evaluate Siemens or Siemens Energy and have not been verified independently. Historical financial or
Energy to trading on the regulated market of the Frankfurt Stock Exchange. This document does not operative information contained in this document has been taken or derived from Siemens’ financial
constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or statements, accounting records or management reporting. The combined financial statements for Siemens
subscribe for, any shares or other securities of Siemens or Siemens Energy in any jurisdiction. Energy are currently being prepared. These may deviate substantially from the information included in this
document. The information in this document is of a preliminary and abbreviated nature and may be subject
This document contains statements relating to the future business and financial performance and future
to updating, revision and amendment, and such information may change materially. In addition, the
events or developments involving Siemens and Siemens Energy that may constitute forward-looking
historical financial and operative information included in this document does not necessarily fully reflect
statements. These statements may be identified by words such as “expect,” “look forward to”, “anticipate”,
changes that will occur when Siemens Energy operates as a separate group of companies. Accordingly,
“intend”, “plan”, “believe”, “seek”, “estimate”, “will”, “project” or words of similar meaning. Such statements
such information is not necessarily indicative for the future consolidated results of operations, financial
are based on the current expectations and certain assumptions, of which many are beyond Siemens’ and
position or cash flows of the prospective Siemens Energy business on a stand-alone basis.
Siemens Energy’s control. These are subject to a number of risks and uncertainties. Should one or more of
these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory This document includes – in the applicable financial reporting framework not clearly defined – supplemental
authorities deviate from our expectations, or should underlying expectations not occur or assumptions prove financial measures that are or may be alternative performance measures (non-GAAP-measures). These
incorrect, actual results, performance or achievements of Siemens or Siemens Energy may (negatively or supplemental financial measures should not be viewed in isolation or as alternatives to measures of
positively) vary materially from those described explicitly or implicitly in the relevant forward-looking Siemens’ or Siemens Energy’s net assets and financial positions or results of operations as presented in
statement. Neither Siemens nor Siemens Energy intend, nor assume any obligation, to update or revise accordance with the applicable financial reporting framework in its consolidated financial statements and
these forward-looking statements in light of developments which differ from those anticipated. combined financial statements, respectively. 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.
This document contains forecasts, statistics, data and other information relating to markets, market sizes,
market shares, market positions and other industry data on Siemens’ or Siemens Energy’s business and
markets (together the “market data”) provided by third party sources as interpreted by us. This market data
is, in part, derived from published research and additional market studies prepared primarily as a research
tool and reflects estimates of market conditions based on research methodologies including primary
research, secondary sources and econometric modelling, which may not be representative.
Company Presentation 2
August 2020 © Siemens Energy, 2020
Siemens Energy
In a nutshell
Company Presentation 3
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Siemens Energy has a strong position
and global footprint
Order backlog2
Employees2
~ € 80.5 bn
Revenue1 Orders1
~ € 28.8 bn ~ € 33.7 bn ~ 91,000
1 Figures as per Combined Financial Statements as of and for the fiscal year ended September 30, 2019
2 Figures as of March 31, 2020 Company Presentation 4
August 2020 © Siemens Energy, 2020
Siemens Energy has a strong basis
Our strengths
Unique customer Strong global World-class service Excellence in large Engineering
approach presence organization projects heritage
As a reliable project We are where our We can build on an Our ability to deliver on We have been an
execution partner, customers are – excellent service team large-scale energy innovation leader
we go the extra mile for not only with our in the energy industry roadmaps like in Egypt in the industry for more
our customers by offering salesforce, but also with that services an installed and Bolivia or master new than 150 years, with
customized solutions our technical talent base base of almost 90,000 technical challenges such breakthroughs in
and paying attention in operations, engineering units1. as offshore wind and SF6-free switchgear,
to specific needs – both and project execution. grid access demonstrates additive manufacturing,
globally and locally. our excellence. H2-capable gas
turbines and electrolyzer
technology.
1 Figure of Siemens Energy Gas and Power
Company Presentation 5
August 2020 © Siemens Energy, 2020
Siemens Energy has a strong management team
Our team as of July 1, 2020
Executive Siemens Energy Gas and Power
Board 1 Segment Management: Jochen Eickholt, Tim Holt
Industrial applications Generation Transmission New Energy Business
Christian Bruch Thorbjörn Karim Beatrix Armin
President and Fors Amin Natter Schnettler
Chief Executive Officer EVP EVP EVP EVP
Maria Ferraro Martin Michael Jörg Boris
Chief Financial Officer Welter Becker Steinhäuser Tramm
Executive Board Member CFO CFO CFO CFO
Tim Holt
Executive Board Member
Segment Manager Gas and Power Siemens Gamesa Renewable Energy
Siemens Gamesa Renewable Energy Segment Management: Tim Holt
Jochen Eickholt Andreas Thomas
Executive Board Member
Nauen Spannring
Segment Manager Gas and Power CEO act. CFO 2
1 All board members are designated.
2 Beatriz Puente was appointed as CFO effective from 1-Dec-2020.
Company Presentation 6
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Our environment
The energy world in upheaval –
Transformation in challenging times
Company Presentation 7
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020
Globalization
Urbanization
Demographic change
Climate change
Digitalization
are drastically changing our environment.
Company Presentation 8
August 2020 © Siemens Energy, 2020
At the same time,
we expect a 25% increase
in global energy demand by 2040.
This will present
enormous challenges
for the environment.
Company Presentation 9
August 2020 © Siemens Energy, 2020
Sustainability
In this challenging environment,
the world needs sustainable,
affordable and reliable energy –
and we are the ones who can Energy
provide solutions. system
Reliability Affordability
Company Presentation 10
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020Our purpose
We
energize
society
Company Presentation 11
August 2020 © Siemens Energy, 2020Our set-up
Partner and innovator for the energy transformation –
Impact across the value chain
Company Presentation 12
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020Our heritage
For more than 150 years
we have been working on the
successful transformation of
the energy world.
Company Presentation 13
August 2020 © Siemens Energy, 2020The entire energy value chain
Our portfolio
Company Presentation 14
August 2020 © Siemens Energy, 2020Siemens Energy focuses on the energy value chain
Our organization
Siemens Energy Siemens Gamesa
Gas and Power Renewable Energy
Industrial Applications Generation Transmission New Energy Business1 Onshore
Offshore
Regional Hubs Service
Functions
Project Excellence
Service and Digital
1 Reported as part of “other operations”, together with minority-JVs (Ethos Energy, Voith Hydro) et al.
Company Presentation 15
August 2020 © Siemens Energy, 2020Industrial
Applications Products
• Industrial and Aero-derivative Gas Turbines
• Industrial Steam Turbines
Our promise • Turbo Compressors and Reciprocating Compressors
• Generators
For customers from the Industrial Applications business, e.g. Oil & Gas, Industries such
as Fiber, Marine or Chemicals, the main priorities in the upcoming years will be to
reduce emissions, to extend the lifecycle of assets and to reduce total costs of Solutions
ownership. • Integrated Electrification, Automation and Digital solutions for
− Onshore and Offshore Oil & Gas, incl. Subsea
The Industrial Applications Division will help them achieve these objectives by providing
− Marine and Fiber industries
safe, reliable and high-efficient, mission-critical Rotating, Electrical, Automation and
• Water solutions
Digital products, solutions and services that deliver sustainable value across customers’
operations.
Service
• Spare parts, repairs, field services
HIGHLIGHT • Modernizations & Upgrades
Hydrogen operation • Long term programs
• Operations & Maintenance programs
Emission reduction through energy efficiency,
• Digital services
fuel change, hybridization.
Braskem Petrochemical, Hydrogen (H2), Brazil
Building, operating and maintaining Combined Cycle Power Plant
using Hydrogen in the fuel mix (up to 60%) for the gas turbines
Company Presentation 16
August 2020 © Siemens Energy, 2020Distributed
Generation • Industrial Gas Turbines
• Industrial Steam Turbines
• Engines
Our promise Central
Generation focuses on supporting our customers’ individual paths to a decarbonized • Large Gas Turbines
operation. Today we already offer a broad portfolio of products, technologies, solutions and • Large Steam Turbines
services that help our customers significantly reduce the carbon emissions of their existing • Large Generators
assets. At the same time, we are investing to develop technologies that will be critical in the
future for deeper decarbonization solutions targeting the zero-carbon emission goal in Solutions
power generation applications.
• Large power plants¹
• Industrial power plants
HIGHLIGHT • Heat transfer technology
• Re-powering solutions
Using energy more efficiently • Generation transition solutions²
Clean and affordable energy
deployed quickly. Instrumentation & Controls
Estrella del Mar III, SeaFloat Turbine and Power Plant Controls
mobile power, Dominican Republic.
Service
• Modernizations & Upgrades • Field service
• Long Term Programs, • Spare parts
Operation & Maintenance • Digital Services
1 Different scopes of supply from package to complete turnkey solution
2 Includes heat pump, heat recycle solutions and decentral hybrid solutions Company Presentation 17
August 2020 © Siemens Energy, 2020Transmission Switching products and systems
• Transmission systems
• Gas-insulated switchgear
Our promise • Circuit breakers, surge arresters, disconnectors
• Bundles and Systems
Our transmission, distribution and industrial customers choose us for our
innovative, digitized and reliable products, solutions and services that allow them
to operate efficient grids for the growing demand of sustainable electrification. Non-switching products and systems
• Power and distribution transformers
• Bushings, instrument transformers and coils
• Bundles and systems
Highlight
Blue Portfolio
Solutions
Our Blue Portfolio with SF6-free products plays an
• Substations • HVDC • Mobile solutions
essential role in the shift toward environmental friendliness
and reduced greenhouse gas emissions. • Grid access • MVDC
• FACTS • E-packages
Daxlanden, 400kV substation
with Clean Air GIB™, Germany
Service
• Product related services
• Modernization, upgrades
• Long term programs incl. operations
Company Presentation 18
August 2020 © Siemens Energy, 2020New Energy
Business Hydrogen Systems
• Industry grade and highest quality
green electrolyzer-based Power-to-hydrogen
Our promise systems and services
By enabling the green hydrogen economy, New Energy Business will lead the
transition towards a decarbonized world together with our customers and Power-to-X-Solutions
partners. This business will focus on driving forward future-oriented technologies • Electrolyzer-based Power-to-Hydrogen
such as Power-to-X and on advancing the development of our H2 electrolysis and Power-to-Liquids solutions and services
systems. • Electrolyzer-based turnkey solution package
HIGHLIGHT Energy Consulting & Digital Services
Enable Hydrogen Economy • Electrolyzer-integrating Energy system design
• Specific Power-to-X related digital services
Decarbonization of steel production based on hydrogen. and optimization solutions
H2FUTURE1 – A European Flagship project for the generation and use of hydrogen with
the world’s largest and highly advanced hydrogen pilot facility in Linz, Austria.
Partner H2FUTURE1
Siemens | VERBUND | Voestalpine | Austrian Power Grid
| K1 MET | TNO Project funded by EU
1 This project has received funding from the Fuel Cells and Hydrogen 2 Joint Undertaking under grant
agreement No 735503. This Joint Undertaking receives support from the European Union‘s Horizon 2020
research and innovative program and Hydrogen Europe and NERGHY.
Company Presentation 19
August 2020 © Siemens Energy, 2020Renewable Energy Onshore Wind Power
• 87.5 GW installed worldwide
• 40 years’ experience in the onshore
Our promise wind power business
• Onshore portfolio covering
Siemens Gamesa Renewable Energy offers one of the industry’s broadest wind all market requirements
power product portfolios, with both offshore and onshore technology as well as
industry-leading service solutions. The installed products and technology have a
total capacity base of more than 100 GW. Offshore Wind Power
• 15.7 GW installed worldwide
• Proven track record
HIGHLIGHT • Almost 30 years’ experience
Hornsea One offshore project in UK in the offshore wind power industry
With a capacity of 1,218 MW, Hornsea One is one
of the world’s largest offshore wind power plants. Service
The 174 Siemens Gamesa 7 MW turbines will • 71 GW under service
power more than one million of homes in Britain. • Nearly 32,000 turbines serviced worldwide
Location: UK,120 km off the Yorkshire coast. • Service operations in 60 countries
• More than 30 years’ experience
in the wind power industry
Company Presentation 20
August 2020 © Siemens Energy, 2020Siemens Energy will take a leading role in digitalization
Our digital offerings for the energy industry
Power • Data analysis
plant 4.0 • Availability
Digitize • Efficiency
transmission • Resilience
Cyber • Protection
security • Availability
Digital • Performance
twin • O&M savings
Remote • Availability
diagnostics • O&M savings
Company Presentation 21
August 2020 © Siemens Energy, 2020Our strategy
Shaping the energy of tomorrow –
The course for a successful future
Company Presentation 22
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020Our purpose
We energize society
Company program
Our people
Energy of tomorrow 2030 Making the difference with
Accelerating impact to lead the our culture and values
energy transformation
Our technologies
Addressing energy megatrends
with our unique offerings
Our customers
Co-creating and delivering
what we promise
Company Presentation 23
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020Our customers
We deliver what we promise.
Everything we do must serve the customer.
We believe We act We deliver
• Being close to our customers is the pre- • We create and adapt products, solutions and • We execute customer projects with the highest
requisite to jointly driving the energy transition services for our customers – today and tomorrow excellence based on strong engineering and
• Listening is key to understanding a customer’s • We solve customers’ challenges with our project management capabilities
business, needs and challenges across the innovations for the best of their business • We are committed to quality, EHS and
value chain • We partner and bring the right people together in compliance
• Regular customer feedback will help us to order to combine strengths for joint benefit • We deliver what we promise – no matter what
improve continuously
Company Presentation 24
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020Our customers
Examples
We actively co-create with our customers and partners to solve
their challenges and execute projects with excellence.
Gas turbine exchange Integrated LNG-to-power Direct-current interconnector Solar-powered hydrogen Electric thermal energy
Brownfield exchange for new Turnkey combined cycle power of electricity grids underwater production facility storage (ETES)
SGT-800 gas turbine integrated plant with long-term service and HVDC converter stations at both Co-development of region’s first 24-hour energy-storage technology
with battery storage system for equity investment to generate sides of the 350km cable, enabling solar-driven Proton Exchange based on volcanic rock to store
black-start to reduce emissions. enough electricity to serve the Netherlands and Denmark to Membrane (PEM) electrolysis excess renewable energy to cover
6 million people. exchange more wind energy via facility to produce, store and one day’s electricity needs for up
interconnector. deploy green hydrogen for to 3,000 households.
sector coupling.
Company Presentation 25
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020Our technologies
We engage in innovation to address global energy megatrends –
digitalization, decentralization, decarbonization and demand growth.
This is our license to operate.
We believe We act We deliver
• Technology and innovation are our license • We engage in product innovation to increase • We focus our efforts on the transition,
to operate in order to energize society performance, develop innovative features decarbonization and resilience of energy
• Innovations need to find answers to global or new products systems – accelerated by digitalization
challenges in the energy systems • We engage in service innovation to develop new • We live open innovation, incubation and
• Innovation needs to focus on customer services and offerings that are tailored precisely co-creation with customers and partners
value – today and tomorrow to customer needs in ecosystems
• We engage in business-model innovation for new • We validate and scale innovations on an
ways to create, deliver and capture value for our industrial level and under real-life conditions
customers’ benefit
Company Presentation 26
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020Our technologies
Innovation examples
Our innovations are helping our customers address
the energy industry’s four global trends.
Demand growth Digitalization Decentralization Decarbonization
9000HL gas turbine HVDC plus Topside 4.0 Sensproducts Floating power Industrial power H2 Electrolyzer Offshore wind
Next generation of HVDC technology based Fully integrated, digital Next generation of The evolution to floating Evolutionary upgrades Silyzer 300’s modular The SG 14-222 DD
advanced air-cooled gas on modular multi-level lifecycle approach digital transmission power combines state- of SGT-800 gas design with unique offshore wind turbine,
turbines based on converters for reliable providing remote control products through IoT- of-the-art power plant turbine based on scaling of PEM is the world’s most
proven H-series for next and economic grid and monitoring of off- connected grid devices technology with a barge proven track record for electrolysis for high plant powerful turbine. With a
level of efficiency and access to offshore wind shore platforms for for simplified asset for more mobility, efficient, reliable and efficiency and availability capacity reaching up to
performance. farms. optimized CAPEX and management and flexibility and fast clean operation with enabling low H2 15 MW, it can provide
OPEX. increased availability. installation. 50% H2 capability. production costs. energy to power 18,000
European households
every year.
Company Presentation 27
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020Our people
The way we work and how we act makes the difference –
for our customers, stakeholders and ourselves.
We believe We act We deliver
• The way we think and act makes the difference • We are focused on customer value. • We deliver as one – we work together with
• Culture is key to outperforming ourselves for the Nothing can stop us from speedily stakeholders to deliver on our promises
customer and the markets responding to customer needs • We listen, learn and co-create for the
• Building up our adaptive capacity will help us • We are transparent and seek diverse common good
create the best energy company – perspectives to succeed • We innovate for the future. We use our
individually, as teams and as an organization • We celebrate achievements based expertise and the strength of our diverse
on WHAT and HOW we succeeded teams around the world
Company Presentation 28
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020Energy of Tomorrow 2030
Our company program
We
energize
society
LEADING THE ENERGY
TRANSFORMATION
• Most valued energy technology company
• Electrifying countries and communities
ACCELERATING • Best place to work
IMPACT
• Focus and deliver on the fundamentals
• Co-create innovations with customers and partners
• Starting the energy transformation
Now 2023 2025 2030
Powered by
our people and our values
Company Presentation 29
August 2020 © Siemens Energy, 2020Spin-off and listing fully on track
Next steps
2020
Feb March April May June July Aug Sep Oct
Portfolio setup defined Carve-out completed Extraordinary • Capital Market Day
Brand name announced Go-live of new General Meeting • Listing
Leadership team in place organizational setup
Carve-out concept defined
for each country
New management Spin-off report
team announced published
Company Presentation 30
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020Thank you for your time
Our contacts for further information
Siemens Energy
Werner-von-Siemens-Straße 1
80333 Munich
Germany
siemens-energy.com
contact@siemens.com
Company Presentation 31
August 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020You can also read
