Key figures Q4 and fiscal 2014 1
(preliminary; in millions of €, except where otherwise stated)
Volume
Orders – continuing operations
Q4 2014
Q4 2013
20,733
20,298
2%2
Revenue – continuing operations
Q4 2014
Q4 2013
20,621
20,559
1%2
Continuing operations
Orders
Revenue
Q4 2014
Q4 2013
Actual
20,733
20,621
20,298
20,559
2%
0%
% Change
Comparable 2
FY 2014
FY 2013
Actual
2%
1%
78,350
71,920
79,755
73,445
(2)%
(2)%
% Change
Comparable 2
1%
1%
Profitability and Capital efficiency
Income from continuing operations
Q4 2014
Q4 2013
1,503
1,103
36%
ROCE – continuing operations
Q4 2014
Q4 2013
18.8%
14.5%
Target corridor: 15 – 20%
Net income
Q4 2014
Q4 2013
1,498
1,068
40%
Basic earnings per share (in €) –
continuing and discontinued operations 3
Q4 2014
Q4 2013
1.72
1.19
44%
Q4 2014
Q4 2013
% Change
FY 2014
FY 2013
% Change
Total Sectors
Adjusted EBITDA
Total Sectors profit
in % of revenue (Total Sectors)
2,625
2,195
10.5%
2,391
1,711
8.2%
10%
28%
9,103
7,335
10.0%
8,131
5,842
7.9%
12%
26%
Continuing operations
Adjusted EBITDA
Income from continuing operations
Basic earnings per share (in €) 3
Return on capital employed (ROCE)
2,555
1,503
1.73
18.8%
2,221
1,103
1.23
14.5%
15%
36%
40%
9,139
5,400
6.24
17.2%
8,097
4,179
4.81
13.7%
13%
29%
30%
Continuing and
discontinued operations
Net income
Basic earnings per share (in €) 3
Return on capital employed (ROCE)
1,498
1.72
18.4%
1,068
1.19
13.4%
40%
44%
5,507
6.37
17.3%
4,409
5.08
13.5%
25%
25%
Capital structure and Liquidity
Industrial net debt /
adjusted EBITDA – continuing operations 4
0.15
0.35
FY 2014
FY 2013
Free cash flow – continuing operations
Q4 2014
Q4 2013
3,400
4,328
September 30, 2014
September 30, 2013
8,013
30,954
1,390
9,190
28,111
2,805
Cash and cash equivalents
Total equity (Shareholders of Siemens AG)
Industrial net debt
Target corridor: 0.5 – 1.0
(21)%
Q4 2014
Q4 2013
FY 2014
FY 2013
Continuing operations
Free cash flow
3,400
4,328
5,399
5,378
Continuing and
discontinued operations
Free cash flow
3,450
4,336
5,201
5,328
Employees
September 30, 2014
Employees (in thousands)
Germany
Outside Germany
1
June 30 – September 30, 2014 and
October 1, 2013 – September 30, 2014.
2
Excluding currency translation and portfolio effects.
3
September 30, 2013
Continuing
operations
Total 5
Continuing
operations
Total 5
343
115
229
357
116
240
348
117
231
367
119
248
Basic earnings per share – attributable to shareholders of
Siemens AG. For fiscal 2014 and 2013 weighted average
shares outstanding (basic) (in thousands) for the fourth quarter
amounted to 838,791 and 843,138 and for the fiscal years to
843,449 and 843,819 shares, respectively.
4
Calculated by dividing industrial net debt as of September 30,
2014 and 2013 by adjusted EBITDA.
5
Continuing and discontinued operations.
CONSOLIDATED STATEMENTS OF INCOME (preliminary)
For the three months and the fiscal years ended September 30, 2014 and 2013
(in millions of €, per share amounts in €)
Three months
ended September 30,
2014
2013
Revenue ............................................................................................................................. 20,621 20,559
Cost of sales ....................................................................................................................... (14,899) (15,169)
Gross profit ........................................................................................................................
5,722
5,391
Research and development expenses ................................................................................. (1,150) (1,124)
Selling and general administrative expenses ...................................................................... (2,885) (2,946)
Other operating income (expenses), net .............................................................................
241
50
Income from investments accounted for using the equity method, net ..............................
157
159
Interest income ...................................................................................................................
278
239
Interest expenses ................................................................................................................
(195)
(210)
Other financial income (expenses), net ..............................................................................
(125)
(52)
Income from continuing operations before income taxes .............................................
2,042
1,506
Income tax expenses ..........................................................................................................
(539)
(403)
Income from continuing operations ...............................................................................
1,503
1,103
Income (loss) from discontinued operations, net of income taxes .....................................
(4)
(35)
Net income ........................................................................................................................
1,498
1,068
Year ended
September 30,
2014
2013
71,920 73,445
(51,165) (53,309)
20,755 20,135
(4,065) (4,048)
(10,424) (10,869)
461
76
582
510
1,058
947
(764)
(784)
(177)
(154)
7,427
5,813
(2,028) (1,634)
5,400
4,179
108
231
5,507
4,409
Attributable to:
Non-controlling interests .......................................................................................
Shareholders of Siemens AG .................................................................................
52
1,446
62
1,006
134
5,373
126
4,284
Basic earnings per share
Income from continuing operations ...................................................................................
Income (loss) from discontinued operations ......................................................................
Net income ........................................................................................................................
1.73
(0.01)
1.72
1.23
(0.04)
1.19
6.24
0.13
6.37
4.81
0.27
5.08
Diluted earnings per share
Income from continuing operations ...................................................................................
Income (loss) from discontinued operations ......................................................................
Net income ........................................................................................................................
1.71
(0.01)
1.71
1.22
(0.04)
1.18
6.18
0.13
6.31
4.76
0.26
5.03
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (preliminary)
For the three months and the fiscal years ended September 30, 2014 and 2013
(in millions of €)
Three months
ended September 30,
Year ended
September 30,
2014
2013
2014
2013
Net income .........................................................................................................................
1,498
1,068
5,507
4,409
Remeasurements of defined benefit plans ..........................................................................
Items that will not be reclassified to profit or loss.........................................................
therein: Expenses from investments accounted for using
the equity method ...........................................................................................................
1,169
1,169
45
45
288
288
394
394
(25)
(4)
(37)
(121)
Currency translation differences ........................................................................................
Available-for-sale financial assets .....................................................................................
Derivative financial instruments ........................................................................................
Items that may be reclassified subsequently to profit or loss .......................................
therein: Income (expenses) from investments accounted for using
the equity method ...........................................................................................................
1,149
(154)
(179)
816
(443)
141
(38)
(340)
940
(56)
(316)
569
(1,062)
183
45
(834)
26
(127)
(85)
(136)
Other comprehensive income, net of income taxes .......................................................
Total comprehensive income ...........................................................................................
1,985
3,483
(295)
773
857
6,364
(440)
3,969
Attributable to:
Non-controlling interests .......................................................................................
Shareholders of Siemens AG .................................................................................
80
3,404
37
736
165
6,199
81
3,888
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (preliminary)
As of September 30, 2014 and 2013
(in millions of €)
September 30,
2014
2013
ASSETS
Cash and cash equivalents ..........................................................................................................................
8,013
Available-for-sale financial assets ..............................................................................................................
925
Trade and other receivables ........................................................................................................................ 14,526
Other current financial assets ......................................................................................................................
3,710
Inventories .................................................................................................................................................. 15,100
Current income tax assets ...........................................................................................................................
577
Other current assets .....................................................................................................................................
1,290
Assets classified as held for disposal ..........................................................................................................
3,935
Total current assets ....................................................................................................................................... 48,076
Goodwill ..................................................................................................................................................... 17,783
Other intangible assets ................................................................................................................................
4,560
Property, plant and equipment ....................................................................................................................
9,638
Investments accounted for using the equity method ...................................................................................
2,127
Other financial assets .................................................................................................................................. 18,416
Deferred tax assets. .....................................................................................................................................
3,334
Other assets. ................................................................................................................................................
945
Total non-current assets ............................................................................................................................... 56,803
Total assets..................................................................................................................................................... 104,879
9,190
601
14,853
3,250
15,560
794
1,297
1,393
46,937
17,883
5,057
9,815
3,022
15,117
3,234
872
54,999
101,936
LIABILITIES AND EQUITY
Short-term debt and current maturities of long-term debt...........................................................................
1,620
Trade payables ............................................................................................................................................
7,594
Other current financial liabilities ................................................................................................................
1,717
Current provisions ......................................................................................................................................
4,354
Current income tax liabilities ......................................................................................................................
1,762
Other current liabilities ............................................................................................................................... 17,954
Liabilities associated with assets classified as held for disposal .................................................................
1,597
Total current liabilities ................................................................................................................................. 36,598
Long-term debt ........................................................................................................................................... 19,326
Post-employment benefits...........................................................................................................................
9,324
Deferred tax liabilities ................................................................................................................................
552
Provisions ...................................................................................................................................................
4,071
Other financial liabilities ............................................................................................................................
1,620
Other liabilities ...........................................................................................................................................
1,874
Total non-current liabilities ......................................................................................................................... 36,767
Total liabilities ............................................................................................................................................... 73,365
Equity
Issued capital, no par value .........................................................................................................................
2,643
Capital reserve ............................................................................................................................................
5,525
Retained earnings ........................................................................................................................................ 25,729
Other components of equity ........................................................................................................................
803
Treasury shares, at cost ............................................................................................................................... (3,747)
Total equity attributable to shareholders of Siemens AG ......................................................................... 30,954
Non-controlling interests ............................................................................................................................
560
Total equity .................................................................................................................................................... 31,514
Total liabilities and equity ............................................................................................................................ 104,879
1,944
7,599
1,515
4,485
2,151
19,701
473
37,868
18,509
9,265
504
3,907
1,184
2,074
35,443
73,312
2,643
5,484
22,663
268
(2,946)
28,111
514
28,625
101,936
CONSOLIDATED STATEMENTS OF CASH FLOWS (preliminary)
For the three months ended September 30, 2014 and 2013
(in millions of €)
Three months
ended September 30,
2014
2013
Cash flows from operating activities
Net income .....................................................................................................................................................................
Adjustments to reconcile net income to cash flows from operating activities - continuing operations
Loss from discontinued operations, net of income taxes............................................................................................
Amortization, depreciation and impairments .............................................................................................................
Income tax expenses ..................................................................................................................................................
Interest (income) expenses, net ..................................................................................................................................
(Gains) losses on disposals of assets related to investing activities, net.....................................................................
Other (income) losses from investments ....................................................................................................................
Other non-cash (income) expenses ............................................................................................................................
Change in assets and liabilities
Inventories.............................................................................................................................................................
Trade and other receivables ...................................................................................................................................
Trade payables ......................................................................................................................................................
Other assets and liabilities .....................................................................................................................................
Additions to assets leased to others in operating leases .............................................................................................
Income taxes paid ......................................................................................................................................................
Dividends received ....................................................................................................................................................
Interest received .........................................................................................................................................................
Cash flows from operating activities - continuing operations ...................................................................................
Cash flows from operating activities - discontinued operations .....................................................................................
Cash flows from operating activities - continuing and discontinued operations .....................................................
Cash flows from investing activities
Additions to intangible assets and property, plant and equipment .................................................................................
Acquisitions of businesses, net of cash acquired ............................................................................................................
Purchase of investments .................................................................................................................................................
Purchase of current available-for-sale financial assets ...................................................................................................
Change in receivables from financing activities .............................................................................................................
Disposal of investments, intangibles and property, plant and equipment .......................................................................
Disposal of businesses, net of cash disposed ..................................................................................................................
Disposal of current available-for-sale financial assets ....................................................................................................
Cash flows from investing activities - continuing operations ....................................................................................
Cash flows from investing activities - discontinued operations......................................................................................
Cash flows from investing activities - continuing and discontinued operations ......................................................
Cash flows from financing activities
Purchase of treasury shares ............................................................................................................................................
Other transactions with owners ......................................................................................................................................
Issuance of long-term debt .............................................................................................................................................
Repayment of long-term debt (including current maturities of long-term debt) .............................................................
Change in short-term debt and other financing activities ...............................................................................................
Interest paid ....................................................................................................................................................................
Dividends attributable to non-controlling interests.........................................................................................................
Cash flows from financing activities - continuing operations ...................................................................................
Cash flows from financing activities - discontinued operations .....................................................................................
Cash flows from financing activities - continuing and discontinued operations .....................................................
Effect of deconsolidation of OSRAM on cash and cash equivalents ..................................................................................
Effect of changes in exchange rates on cash and cash equivalents .....................................................................................
Change in cash and cash equivalents ..................................................................................................................................
Cash and cash equivalents at beginning of period...............................................................................................................
Cash and cash equivalents at end of period .........................................................................................................................
Less: Cash and cash equivalents of assets classified as held for disposal and discontinued operations
at end of period ..............................................................................................................................................................
Cash and cash equivalents at end of period (Consolidated Statements of Financial Position) ...................................
1,498
1,068
4
628
539
(83)
(177)
(98)
(149)
35
851
403
(29)
(248)
–
202
1,344
372
691
(315)
(99)
(394)
61
263
4,085
74
4,159
690
608
722
912
(82)
(390)
101
213
5,057
38
5,095
(685)
(24)
(60)
(223)
(819)
136
17
248
(1,411)
(37)
(1,448)
(729)
(75)
(123)
(114)
(1,048)
2,040
6
14
(29)
(50)
(78)
(646)
(3)
309
(420)
(2,243)
(150)
(23)
(3,176)
–
(3,176)
–
269
(197)
8,231
8,034
–
–
–
(774)
(975)
(150)
(18)
(1,918)
306
(1,612)
(476)
(65)
2,863
6,370
9,234
21
8,013
44
9,190
CONSOLIDATED STATEMENTS OF CASH FLOWS (preliminary)
For the fiscal years ended September 30, 2014 and 2013
(in millions of €)
Cash flows from operating activities
Net income .....................................................................................................................................................................
Adjustments to reconcile net income to cash flows from operating activities - continuing operations
(Income) from discontinued operations, net of income taxes.....................................................................................
Amortization, depreciation and impairments .............................................................................................................
Income tax expenses ..................................................................................................................................................
Interest (income) expenses, net ..................................................................................................................................
(Gains) losses on disposals of assets related to investing activities, net.....................................................................
Other (income) losses from investments ....................................................................................................................
Other non-cash (income) expenses ............................................................................................................................
Change in assets and liabilities
Inventories.............................................................................................................................................................
Trade and other receivables ...................................................................................................................................
Trade payables ......................................................................................................................................................
Other assets and liabilities .....................................................................................................................................
Additions to assets leased to others in operating leases .............................................................................................
Income taxes paid ......................................................................................................................................................
Dividends received ....................................................................................................................................................
Interest received .........................................................................................................................................................
Cash flows from operating activities - continuing operations ...................................................................................
Cash flows from operating activities - discontinued operations .....................................................................................
Cash flows from operating activities - continuing and discontinued operations .....................................................
Cash flows from investing activities
Additions to intangible assets and property, plant and equipment .................................................................................
Acquisitions of businesses, net of cash acquired ............................................................................................................
Purchase of investments .................................................................................................................................................
Purchase of current available-for-sale financial assets ...................................................................................................
Change in receivables from financing activities .............................................................................................................
Disposal of investments, intangibles and property, plant and equipment .......................................................................
Disposal of businesses, net of cash disposed ..................................................................................................................
Disposal of current available-for-sale financial assets ....................................................................................................
Cash flows from investing activities - continuing operations ....................................................................................
Cash flows from investing activities - discontinued operations......................................................................................
Cash flows from investing activities - continuing and discontinued operations ......................................................
Cash flows from financing activities
Purchase of treasury shares ............................................................................................................................................
Other transactions with owners ......................................................................................................................................
Issuance of long-term debt .............................................................................................................................................
Repayment of long-term debt (including current maturities of long-term debt) .............................................................
Change in short-term debt and other financing activities ...............................................................................................
Interest paid ....................................................................................................................................................................
Dividends paid to shareholders of Siemens AG .............................................................................................................
Dividends attributable to non-controlling interests.........................................................................................................
Cash flows from financing activities - continuing operations ...................................................................................
Cash flows from financing activities - discontinued operations .....................................................................................
Cash flows from financing activities - continuing and discontinued operations .....................................................
Effect of deconsolidation of OSRAM on cash and cash equivalents ..................................................................................
Effect of changes in exchange rates on cash and cash equivalents .....................................................................................
Change in cash and cash equivalents ..................................................................................................................................
Cash and cash equivalents at beginning of period...............................................................................................................
Cash and cash equivalents at end of period .........................................................................................................................
Less: Cash and cash equivalents of assets classified as held for disposal and discontinued operations
at end of period ..............................................................................................................................................................
Cash and cash equivalents at end of period (Consolidated Statements of Financial Position) ...................................
Year ended
September 30,
2014
2013
5,507
4,409
(108)
2,411
2,028
(295)
(527)
(526)
92
(231)
2,804
1,634
(164)
(292)
(326)
671
336
200
205
(1,203)
(371)
(1,828)
333
977
7,230
(131)
7,100
(256)
(326)
(208)
818
(377)
(2,164)
356
837
7,186
154
7,340
(1,831)
(31)
(335)
(613)
(2,501)
518
112
317
(4,364)
339
(4,026)
(1,808)
(2,786)
(346)
(157)
(2,175)
2,462
(26)
76
(4,759)
(317)
(5,076)
(1,066)
(20)
527
(1,452)
801
(617)
(2,533)
(125)
(4,485)
(2)
(4,487)
–
214
(1,199)
9,234
8,034
(1,394)
(15)
3,772
(2,927)
8
(479)
(2,528)
(152)
(3,715)
319
(3,396)
(476)
(108)
(1,717)
10,950
9,234
21
8,013
44
9,190
SEGMENT INFORMATION (continuing operations - preliminary)
As of and for the three months ended September 30, 2014 and 2013
(in millions of €)
Additions to
Intersegment
Orders(1)
External revenue
revenue
Total revenue
Profit
Assets
Free cash flow
intangible assets
Amortization,
and property, plant
depreciation and
and equipment
impairments
September 30,
Sectors
Energy ......................................................................
Healthcare .................................................................
Industry.....................................................................
Infrastructure & Cities ..............................................
Total Sectors ................................................................
Equity Investments ........................................................
Financial Services (SFS) ...............................................
Reconciliation to Consolidated Financial Statements
Centrally managed portfolio activities ......................
Siemens Real Estate (SRE).......................................
Corporate items and pensions ...................................
Eliminations, Corporate Treasury and other
reconciling items ..................................................
Siemens ........................................................................
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
7,097
3,773
4,141
5,862
7,609
3,726
4,397
4,816
7,070
3,579
4,312
5,247
7,375
3,472
4,185
4,991
68
5
493
189
61
8
466
229
7,138
3,584
4,804
5,437
7,436
3,480
4,650
5,220
403
611
698
482
564
616
365
167
1,680
11,126
6,661
5,180
1,621
10,732
6,410
4,973
1,274
763
846
1,084
1,514
862
853
971
182
97
155
99
196
83
173
90
135
140
129
81
200
143
182
163
20,208 20,023
–
–
180
303
755
–
52
764
–
44
2,195 1,711
65
109
120
107
24,646
2,571
21,970
23,736
2,488
18,661
3,968
–
533
–
542
–
485
–
687
–
109
4,200
6
278
6
15
48
53
3
565
4
3
558
39
(154)
4,697
(1,859)
(234)
4,747
(1,987)
14
(39)
(46)
(38)
(48)
9
2
122
22
2
141
31
2
77
22
1
98
19
53,009 54,525
2,042 1,506 104,879 101,936
(606)
3,400
(79)
4,328
–
685
(3)
729
(7)
628
(8)
851
20,872 20,548
–
–
231
347
93
631
47
77
653
96
(1,142) (1,422)
20,733 20,298
123
66
45
81
95
57
–
–
20,621 20,559
(1,379) (1,407)
–
–
20,963 20,787
–
–
231
347
126
631
48
84
653
96
(1,379) (1,407)
20,621 20,559
72
(99)
26
(440)
113
(395)
4
(39)
(1) This supplementary information on Orders is provided on a voluntary basis. It is not part of the Consolidated Financial Statements subject to the audit opinion.
SEGMENT INFORMATION (continuing operations - preliminary)
As of and for the fiscal years ended September 30, 2014 and 2013
(in millions of €)
Additions to
Intersegment
Orders(1)
External revenue
revenue
Total revenue
Profit
Assets
Free cash flow
intangible assets
Amortization,
and property, plant
depreciation and
and equipment
impairments
September 30,
Sectors
Energy ....................................................................
Healthcare ...............................................................
Industry...................................................................
Infrastructure & Cities ............................................
Total Sectors ..............................................................
Equity Investments ......................................................
Financial Services (SFS) .............................................
Reconciliation to Consolidated Financial Statements
Centrally managed portfolio activities ....................
Siemens Real Estate (SRE).....................................
Corporate items and pensions .................................
Eliminations, Corporate Treasury and other
reconciling items ................................................
Siemens ......................................................................
2014
2013
2014
2013
2014
2013
2014
2013
28,646
12,819
17,103
21,001
28,797
13,004
16,688
21,894
24,380
12,401
15,346
18,291
26,425
12,626
15,256
17,149
251
29
1,718
643
212
22
1,640
730
24,631
12,429
17,064
18,934
70,418 71,456
–
–
746
961
2,641
–
191
2,605
–
111
9
2,136
120
10
2,159
163
79,569 80,382
–
–
937 1,072
302
2,405
305
296
2,490
471
(5,169) (4,956)
78,350 79,755
297
270
190
386
332
309
–
–
71,920 73,445
(5,098) (5,048)
–
–
2013
2014
2013
2014
2013
2014
2013
2014
2013
26,638
12,649
16,896
17,879
1,569 1,955
2,027 2,033
2,252 1,563
1,487
291
1,680
11,126
6,661
5,180
1,621
10,732
6,410
4,973
1,591
2,067
2,170
1,280
1,595
2,227
2,280
372
449
303
358
247
425
241
384
239
507
553
544
296
610
577
638
379
73,059 74,061
–
–
937 1,072
7,335 5,842
328
411
465
409
24,646
2,571
21,970
23,736
2,488
18,661
7,108
81
1,356
–
1,289
–
522
6,473
126
857
31
69
194
230
396
2,491
472
44
241
(938)
(113)
168
(836)
(154)
4,697
(1,859)
(234)
4,747
(1,987)
(37)
(170)
(675)
(142)
(112)
(422)
6
370
70
7
364
83
4
264
78
4
309
91
(5,098) (5,048)
(48)
(70)
53,009
54,525 (1,430) (1,403)
(3)
1,831
(4)
1,808
(29)
(34)
306
2,405
310
71,920 73,445
2014
7,427 5,813
(1) This supplementary information on Orders is provided on a voluntary basis. It is not part of the Consolidated Financial Statements subject to the audit opinion.
104,879 101,936
5,399
5,378
1,900 2,204
–
–
2,411 2,804
SUPPLEMENTAL DATA
ADDITIONAL INFORMATION (I) (continuing operations - preliminary)
Orders, Revenue, Profit, Profit margin developments and growth rates for Sectors
For the three months ended September 30, 2014 and 2013
(in millions of €)
Orders
2014
2013
Actual
Sectors
Energy Sector .........................................
therein:
Power Generation ...........................
Wind Power ....................................
Power Transmission .......................
Revenue
% Change
therein
Comp.
2014
Currency
Portfolio
2013
% Change
Actual
Profit
therein
Comp.
2014
Currency
Portfolio
2013
Profit margin
% Change
2014
2013
7,097
7,609
(7)%
(5)%
0%
(2)%
7,138
7,436
(4)%
(2)%
0%
(2)%
403
564
(28)%
5.7%
7.6%
3,994
1,805
1,321
4,586
1,511
1,532
(13)%
19%
(14)%
(10)%
17%
(14)%
0%
3%
0%
(3)%
0%
0%
3,990
1,619
1,551
4,079
1,619
1,749
(2)%
0%
(11)%
2%
0%
(11)%
0%
0%
(1)%
(4)%
0%
0%
520
(66)
(67)
538
179
(42)
(3)%
n/a
(58)%
13.0%
(4.0)%
(4.3)%
13.2%
11.1%
(2.4)%
Healthcare Sector .................................. 3,773
therein:
Diagnostics ..................................... 1,037
3,726
1%
1%
0%
0%
3,584
3,480
3%
3%
0%
0%
611
616
(1)%
17.1%
17.7%
1,026
1%
2%
0%
0%
1,037
1,026
1%
2%
0%
0%
110
82
34%
10.6%
8.0%
Industry Sector ...................................... 4,141
therein:
Industry Automation ....................... 2,114
Drive Technologies ........................ 2,174
4,397
(6)%
(5)%
0%
0%
4,804
4,650
3%
4%
0%
0%
698
365
91%
14.5%
7.8%
2,089
2,410
1%
(10)%
2%
(9)%
0%
0%
0%
0%
2,291
2,648
2,200
2,574
4%
3%
4%
4%
0%
0%
0%
0%
414
283
289
84
43%
>200%
18.1%
10.7%
13.2%
3.3%
Infrastructure & Cities Sector ..............
therein:
Transportation & Logistics .............
Power Grid Solutions & Products...
Building Technologies....................
Total Sectors ..........................................
4,816
22%
21%
1%
0%
5,437
5,220
4%
4%
0%
0%
482
167
190%
8.9%
3.2%
2,759 1,752
1,591 1,639
1,564 1,524
20,872 20,548
58%
(3)%
3%
2%
54%
(2)%
2%
2%
4%
(1)%
0%
0%
0% 2,195 1,985
0% 1,780 1,733
0% 1,544 1,596
(1)% 20,963 20,787
11%
3%
(3)%
1%
10%
4%
(3)%
2%
1%
(1)%
0%
0%
0%
108
0%
206
0%
192
(1)% 2,195
(78)
103
168
1,711
n/a
99%
14%
28%
4.9%
11.6%
12.4%
(4.0)%
6.0%
10.5%
5,862
SUPPLEMENTAL DATA
ADDITIONAL INFORMATION (I) (continuing operations - preliminary)
Orders, Revenue, Profit, Profit margin developments and growth rates for Sectors
For the fiscal years ended September 30, 2014 and 2013
(in millions of €)
Orders
2014
Sectors
Energy Sector ...................................................... 28,646
therein:
Power Generation ............................... 15,478
Wind Power ........................................ 7,748
Power Transmission ........................... 5,586
2013
Revenue
% Change
Actual
Comp.
therein
Currency Portfolio
2014
2013
% Change
Actual Comp.
Profit
therein
Currency Portfolio
2014
2013
Profit margin
% Change
2014
2013
28,797
(1)%
4%
(3)%
(1)% 24,631 26,638
(8)%
(3)%
(3)%
(1)%
1,569
1,955
(20)%
6.4%
7.3%
16,366
6,593
5,700
(5)%
18%
(2)%
0%
19%
2%
(4)%
(2)%
(4)%
(2)% 13,909 15,242
0% 5,500 5,174
0% 5,310 6,167
(9)%
6%
(14)%
(4)%
9%
(10)%
(3)%
(3)%
(3)%
(2)%
0%
0%
2,186
(15)
(636)
2,126
3%
306
n/a
(156) >(200)%
15.7%
(0.3)%
(12.0)%
13.9%
5.9%
(2.5)%
Healthcare Sector ............................................... 12,819
therein:
Diagnostics ......................................... 3,834
13,004
(1)%
3%
(4)%
0% 12,429 12,649
(2)%
2%
(4)%
0%
2,027
2,033
0%
16.3%
16.1%
3,942
(3)%
1%
(4)%
0%
3,942
(3)%
1%
(4)%
0%
417
350
19%
10.9%
8.9%
Industry Sector ................................................... 17,103
therein:
Industry Automation........................... 8,412
Drive Technologies ............................ 9,210
16,688
2%
5%
(3)%
0% 17,064 16,896
1%
4%
(3)%
0%
2,252
1,563
44%
13.2%
9.2%
8,143
9,024
3%
2%
5%
5%
(3)%
(3)%
1%
0%
8,194
9,208
2%
0%
4%
3%
(3)%
(2)%
1%
0%
1,401
843
1,038
527
35%
60%
16.8%
9.1%
12.7%
5.7%
Infrastructure & Cities Sector ........................... 21,001
therein:
Transportation & Logistics ................. 9,184
Power Grid Solutions & Products ...... 6,481
Building Technologies ....................... 5,587
Total Sectors ............................................................ 79,569
21,894
(4)%
(4)%
(2)%
2% 18,934 17,879
6%
6%
(3)%
3%
1,487
291
>200%
7.9%
1.6%
10,040
6,392
5,769
80,382
(9)%
1%
(3)%
(1)%
(13)%
6%
(1)%
2%
(1)%
(5)%
(2)%
(3)%
5% 7,615 6,318
0% 6,005 6,102
0% 5,569 5,754
0% 73,059 74,061
21%
(2)%
(3)%
(1)%
14%
3%
(1)%
1%
(2)%
(4)%
(2)%
(3)%
8%
0%
0%
0%
440
566
501
7,335
(448)
403
351
5,842
n/a
41%
43%
26%
5.8%
9.4%
9.0%
(7.1)%
6.6%
6.1%
3,834
8,353
9,211
SUPPLEMENTAL DATA
ADDITIONAL INFORMATION (II) (continuing operations - preliminary)
Reconciliation from Profit / Income before income taxes to adjusted EBITDA
For the three months ended September 30, 2014 and 2013
(in millions of €)
Income (loss)
from investments
Profit
Sectors
Energy Sector .................................................................
therein:
Power Generation .....................................
Wind Power ..............................................
Power Transmission..................................
Healthcare Sector ..........................................................
therein:
Diagnostics ...............................................
Industry Sector ..............................................................
therein:
Industry Automation .................................
Drive Technologies ..................................
Infrastructure & Cities Sector ......................................
therein:
Transportation & Logistics .......................
Power Grid Solutions & Products ............
Building Technologies .............................
Total Sectors .......................................................................
Equity Investments ........................................................
Financial Services (SFS) ................................................
Reconciliation to Consolidated Financial Statements
Centrally managed portfolio activities ........................
Siemens Real Estate (SRE) .........................................
Corporate items and pensions .....................................
Eliminations, Corporate Treasury and other
reconciling items ....................................................
Siemens ...............................................................................
Depreciation
and impairments
accounted for
using the equity
Financial income
Adjusted
Amortization and
impairment of other
of property, plant
and equipment
Adjusted
Adjusted
method, net
(expenses), net
EBIT
intangible assets
and goodwill
EBITDA
EBITDA margin
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
403
564
65
2
(12)
(7)
351
569
25
46
110
153
486
769
520
(66)
(67)
611
538
179
(42)
616
5
49
8
2
7
1
3
2
(7)
(3)
(3)
2
(3)
(2)
(2)
11
523
(111)
(71)
608
534
179
(43)
602
14
7
4
62
16
8
3
64
55
29
25
78
60
30
39
79
592
(75)
(43)
748
611
217
(1)
745 20.9% 21.4%
110
698
82
365
—
—
—
1
2
(2)
1
(2)
108
700
81
366
45
44
48
77
49
85
51
105
202
829
180
548 17.2% 11.8%
414
283
482
289
84
167
—
—
6
—
1
3
(2)
—
(5)
(1)
(1)
(4)
415
283
481
290
84
167
32
11
34
65
13
60
34
51
48
36
69
103
481
345
562
390
166
330 10.3%
108
206
192
2,195
65
120
(78)
103
168
1,711
109
107
4
2
—
73
60
17
1
2
—
9
108
17
(3)
(1)
(1)
(18)
4
141
(2)
(2)
—
(2)
1
100
107
204
193
2,140
—
(38)
(78)
103
169
1,704
1
(11)
16
6
11
165
—
1
16
30
14
248
—
1
16
20
11
320
—
47
64
25
13
440
—
52
140
231
214
2,625
—
10
2
158
195
2,391
1
42
72
26
(440)
(99)
113
(395)
5
—
(1)
28
—
—
—
(25)
(143)
(1)
(27)
(93)
67
51
(296)
(126)
140
(302)
—
—
5
—
—
4
2
77
17
—
98
15
69
128
(274)
(125)
238
(283)
4
2,042
(39)
1,506
1
157
(3)
159
(1)
(42)
—
(23)
4
1,928
(36)
1,370
—
171
—
254
(7)
456
(8)
597
(2)
2,555
(44)
2,221
6.8% 10.3%
6.3%
SUPPLEMENTAL DATA
ADDITIONAL INFORMATION (II) (continuing operations - preliminary)
Reconciliation from Profit / Income before income taxes to adjusted EBITDA
For the fiscal years ended September 30, 2014 and 2013
(in millions of €)
Income (loss)
from investments
Profit
Sectors
Energy Sector .................................................................
therein:
Power Generation .....................................
Wind Power ..............................................
Power Transmission..................................
Healthcare Sector ..........................................................
therein:
Diagnostics ...............................................
Industry Sector ..............................................................
therein:
Industry Automation .................................
Drive Technologies ..................................
Infrastructure & Cities Sector ......................................
therein:
Transportation & Logistics .......................
Power Grid Solutions & Products ............
Building Technologies .............................
Total Sectors .......................................................................
Equity Investments ........................................................
Financial Services (SFS) ................................................
Reconciliation to Consolidated Financial Statements
Centrally managed portfolio activities ........................
Siemens Real Estate (SRE) .........................................
Corporate items and pensions .....................................
Eliminations, Corporate Treasury and other
reconciling items ....................................................
Siemens ...............................................................................
Depreciation
and impairments
accounted for
using the equity
Financial income
Adjusted
Amortization and
impairment of other
of property, plant
and equipment
Adjusted
Adjusted
method, net
(expenses), net
EBIT
intangible assets
and goodwill
EBITDA
EBITDA margin
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
1,569
1,955
129
(39)
(41)
(27)
1,481
2,022
101
132
406
478
1,988
2,631
8.1%
9.9%
2,186
(15)
(636)
2,027
2,126
306
(156)
2,033
32
52
29
6
32
(8)
20
8
(22)
(12)
(10)
23
(16)
(6)
(10)
(19)
2,177
(55)
(655)
1,999
2,110
320
(167)
2,045
57
31
14
245
68
32
13
266
204
109
89
308
222
103
114
311
2,438
85
(552)
2,551
2,399
454
(39)
2,622 20.5% 20.7%
417
2,252
350
1,563
—
2
—
(4)
25
2
(27)
(16)
392
2,248
377
1,583
184
242
196
296
200
302
211
342
776
2,792
784
2,220 16.4% 13.1%
1,401
843
1,487
1,038
527
291
—
2
28
—
(5)
26
4
(2)
(17)
(4)
(11)
(14)
1,396
843
1,476
1,041
542
279
196
45
127
240
56
154
119
182
170
123
219
226
1,711
1,070
1,772
1,404
817
658
440
566
501
7,335
328
465
(448)
403
351
5,842
411
409
16
10
2
165
297
66
18
8
—
(10)
372
85
(12)
(3)
(2)
(33)
29
552
(7)
(6)
—
(75)
23
389
435
560
501
7,203
1
(153)
(459)
401
352
5,928
16
(64)
65
22
40
715
—
5
39
57
58
848
—
5
57
70
40
1,185
—
190
99
78
46
1,356
—
225
556
652
581
9,103
1
41
(321)
536
456
8,131
16
166
44
241
(938)
(113)
168
(836)
55
—
(2)
69
—
—
(2)
(103)
(360)
(2)
(109)
(246)
(9)
344
(576)
(180)
278
(590)
1
1
19
2
1
17
3
263
59
2
307
74
(5)
608
(498)
(177)
586
(498)
(48)
7,427
(70)
5,813
1
582
(6)
510
35
118
30
9
(83)
6,728
(94)
5,293
—
741
—
873
(29)
1,670
(34)
1,931
(112)
9,139
(128)
8,097
9.4%
3.7%
SUPPLEMENTAL DATA
ADDITIONAL INFORMATION (III) (continuing operations - preliminary)
External revenue of Sectors by regions
For the fiscal years ended September 30, 2014 and 2013
(in millions of €)
External revenue (location of customer)
Europa, C.I.S., Africa,
Middle East
2014
2013 % Change
Sectors
Energy Sector .....................................................
Healthcare Sector ..............................................
Industry Sector ..................................................
Infrastructure & Cities Sector ..........................
Reconciliation to Siemens ........................................
Siemens ...................................................................
12,766
4,391
8,906
11,560
1,107
38,732
14,382
4,392
8,839
10,494
1,283
39,390
(11)%
0%
1%
10%
(14)%
(2)%
therein Germany
2014
2013 % Change
2,507
880
4,141
2,763
566
10,857
2,246
903
4,145
2,635
723
10,652
12%
(2)%
0%
5%
(22)%
2%
2014
7,013
4,729
2,592
4,075
348
18,756
Americas
2013 % Change
7,155
4,815
2,718
4,288
668
19,644
(2)%
(2)%
(5)%
(5)%
(48)%
(5)%
Asia, Australia
2014
2013 % Change
4,601
3,281
3,848
2,656
47
14,433
4,888
3,419
3,699
2,367
38
14,411
(6)%
(4)%
4%
12%
24%
0%
2014
24,380
12,401
15,346
18,291
1,502
71,920
Total
2013
26,425
12,626
15,256
17,149
1,989
73,445
% Change
(8)%
(2)%
1%
7%
(24)%
(2)%
External revenue of Sectors as a percentage of regional and Siemens total revenue
Percentage of regional external revenue (location of customer)
Sectors
Energy Sector .....................................................
Healthcare Sector ..............................................
Industry Sector ..................................................
Infrastructure & Cities Sector ..........................
Reconciliation to Siemens ........................................
Siemens ...................................................................
Europa, C.I.S., Africa,
Middle East
Change
2014
2013
in pp
therein Germany
2014
2013
52%
35%
58%
63%
74%
54%
10%
7%
27%
15%
38%
15%
54%
35%
58%
61%
64%
54%
(2.1) pp
0.6 pp
0.1 pp
2.0 pp
9.2 pp
0.2 pp
8%
7%
27%
15%
36%
15%
Change
in pp
1.8 pp
(0.1) pp
(0.2) pp
(0.3) pp
1.3 pp
0.6 pp
2014
Americas
2013
29%
38%
17%
22%
23%
26%
27%
38%
18%
25%
34%
27%
Change
in pp
1.7 pp
(0.0) pp
(0.9) pp
(2.7) pp
(10.4) pp
(0.7) pp
Percentage of Siemens
Asia, Australia
2014
2013
19%
27%
25%
15%
3%
20%
19%
27%
24%
14%
2%
19%
Change
in pp
2014
Total
2013
0.4 pp
(0.6) pp
0.8 pp
0.7 pp
1.2 pp
0.4 pp
34%
17%
21%
25%
2%
100%
36%
17%
21%
23%
3%
100%
Change
in pp
(2.1) pp
0.1 pp
0.6 pp
2.1 pp
(0.6) pp