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siemens.com Fiscal 2013 Siemens at a glance siemens.com Energy efficiency Next-generation healthcare Intelligent infrastructure solutions Industrial productivity
siemens.com
Fiscal 2013
Siemens at a glance
siemens.com
Energy efficiency
Next-generation healthcare
Intelligent infrastructure solutions
Industrial productivity
2
For 166 years, Siemens has stood for innovative strength, a passion for technology, sustainability, responsibility and an uncompromising commitment to quality and excellence. As a globally operating technology company, we’re rigorously leveraging the advantages that our setup provides. To tap business opportunities in both new and established markets, we’ve organized our Company into four Sectors: Energy, Healthcare, Industry and Infrastructure & Cities.
Thinking for the long term Providing answers
3
In fiscal 2013, our roughly 362,000 employees generated revenue from continuing operations of about €75.9 billion and income from continuing operations of about €4.2 bil-lion – further proof that we’re thinking for the long term and providing answers for the challenges of our time.
SIEMENS ANNUAL REPORT 2013
WWW.SIEMENS.COM/ANNUAL-REPORT
4
Key figures fiscal 2013 1, 2
% ChangeFY 2013 FY 2012 Actual Adjusted 3
Continuing operations
Orders in millions of € 82,351 75,939 8% 10%
Revenue in millions of € 75,882 77,395 (2)% (1)%
FY 2013 FY 2012 % Change
Total Sectors
Adjusted EBITDA in millions of € 8,141 9,329 (13)%Total Sectors profit in millions of € 5,788 7,266 (20)% in % of revenue (Total Sectors) in % 7.5 9.3
Continuing operations
Adjusted EBITDA in millions of € 8,215 9,613 (15)%Income from continuing operations in millions of € 4,212 4,642 (9)%Basic earnings per share 4 in € 4.85 5.15 (6)%Return on capital employed (ROCE (adjusted)) in % 13.8 15.5
Continuing and discontinued operations
Net income in millions of € 4,409 4,282 3%Basic earnings per share 4 in € 5.08 4.74 7%Return on capital employed (ROCE (adjusted)) in % 13.5 13.1
September 30, 2013 September 30, 2012
Cash and cash equivalents in millions of € 9,190 10,891Total equity (Shareholders of Siemens AG) in millions of € 28,111 30,855Adjusted industrial net debt in millions of € 2,805 2,271
FY 2013 FY 2012
Continuing operations
Free cash flow in millions of € 5,257 4,727Continuing and discontinued operations
Free cash flow in millions of € 5,328 4,700
Volume
3 Adjusted for currency translation and portfolio effects.
4 Basic earnings per share – attributable to shareholders of Siemens AG. For fiscal 2013 and 2012 weighted average shares out-
standing (basic) (in thousands) amounted to 843,819 and 876,053 shares, respectively.
5 Calculated by dividing adjusted industrial net debt as of September 30, 2013 and 2012 by adjusted EBITDA.
1 Orders; Adjusted or organic growth rates of revenue and orders; Total Sectors profit; ROCE (adjusted); Free cash flow; Adjusted EBITDA; Adjusted industrial net debt are or may be non-GAAP financial measures. Definitions of these supplemental financial
measures, a discussion of the most directly comparable IFRS financial measures, infor-mation regarding the usefulness of Siemens’ supple mental financial measures, the limitations associated with these measures and reconciliations to the most comparable
IFRS financial measures are available on our Investor Relations website under
WWW.SIEMENS.COM/NONGAAP.
2 October 1, 2012 – September 30, 2013.
Profitability and Capital efficiency
Capital structure and Liquidity
4
Key figures fiscal 2013 1, 2
% ChangeFY 2013 FY 2012 Actual Adjusted 3
Continuing operations
Orders in millions of € 82,351 75,939 8% 10%
Revenue in millions of € 75,882 77,395 (2)% (1)%
FY 2013 FY 2012 % Change
Total Sectors
Adjusted EBITDA in millions of € 8,141 9,329 (13)%Total Sectors profit in millions of € 5,788 7,266 (20)% in % of revenue (Total Sectors) in % 7.5 9.3
Continuing operations
Adjusted EBITDA in millions of € 8,215 9,613 (15)%Income from continuing operations in millions of € 4,212 4,642 (9)%Basic earnings per share 4 in € 4.85 5.15 (6)%Return on capital employed (ROCE (adjusted)) in % 13.8 15.5
Continuing and discontinued operations
Net income in millions of € 4,409 4,282 3%Basic earnings per share 4 in € 5.08 4.74 7%Return on capital employed (ROCE (adjusted)) in % 13.5 13.1
September 30, 2013 September 30, 2012
Cash and cash equivalents in millions of € 9,190 10,891Total equity (Shareholders of Siemens AG) in millions of € 28,111 30,855Adjusted industrial net debt in millions of € 2,805 2,271
FY 2013 FY 2012
Continuing operations
Free cash flow in millions of € 5,257 4,727Continuing and discontinued operations
Free cash flow in millions of € 5,328 4,700
Volume
3 Adjusted for currency translation and portfolio effects.
4 Basic earnings per share – attributable to shareholders of Siemens AG. For fiscal 2013 and 2012 weighted average shares out-
standing (basic) (in thousands) amounted to 843,819 and 876,053 shares, respectively.
5 Calculated by dividing adjusted industrial net debt as of September 30, 2013 and 2012 by adjusted EBITDA.
1 Orders; Adjusted or organic growth rates of revenue and orders; Total Sectors profit; ROCE (adjusted); Free cash flow; Adjusted EBITDA; Adjusted industrial net debt are or may be non-GAAP financial measures. Definitions of these supplemental financial
measures, a discussion of the most directly comparable IFRS financial measures, infor-mation regarding the usefulness of Siemens’ supple mental financial measures, the limitations associated with these measures and reconciliations to the most comparable
IFRS financial measures are available on our Investor Relations website under
WWW.SIEMENS.COM/NONGAAP.
2 October 1, 2012 – September 30, 2013.
Profitability and Capital efficiency
Capital structure and Liquidity
7
Customers and Innovation
Environment
Employees
FY 2013 FY 2012
Revenue generated by the Environmental Portfolio 1 in billions of € 32.3 32.7
in % of revenue from continuing operations in % 43 42
Research and development expenses 1 in billions of € 4.3 4.2
in % of revenue from continuing operations in % 5.7 5.5
Research and development employees 1, 2 in thousands 29.8 29.5
Inventions 1, 3 in thousands 8.4 8.8
Patent first filings 1, 4 in thousands 4.0 4.6
FY 2013 FY 2012
Accumulated annual customer reductions of carbon dioxide emissions generated by elements from the Environmental Portfolio 1
in millions of metric tons 377 333
Energy efficiency improvement 1, 5 in % 4 8Waste efficiency improvement 1, 5 in % 4 7Waste for disposal reduction 1, 5 in % 7 8Carbon dioxide emission efficiency improvement 1, 5 in % 13 13
Sep. 30, Sep. 30,2013 2012
Total employees – continuing operations in thousands 362 366 Europe, C.I.S.,6 Africa, Middle East in thousands 220 222 therein Germany in thousands 118 119 Asia, Australia in thousands 64 63 Americas in thousands 78 81Total employees – continuing and discontinued operations in thousands 367 410
FY 2013 FY 2012
Employee turnover rate 7, 8 in % 10.8 10.7
Female employees in management positions (percentage of all management positions) 7, 9 in % 15.6 15.3
Expenses for continuing education 7, 10 in millions of € 265 283
Expenses per employee for continuing education 7, 10 in € 670 693
5 Compared to baseline in fiscal 2010.
6 Commonwealth of Independent States.
7 Continuing and discontinued operations.
8 Employee turnover rate is defined as the ratio of voluntary and involuntary exits from Siemens during the fiscal year to the average number of employees.
9 Employees in management positions include all managers with disciplinary responsibility, plus project managers.
10 Without travel expenses.
1 Continuing operations.
2 Average number of employees in fiscal year.
3 Number of inventions reported by the Business Units in an internal report.
4 First filings as part of inventions submitted to patent offices.
5
Volume
3 Adjusted for currency translation and portfolio effects.
4 Basic earnings per share – attributable to shareholders of Siemens AG. For fiscal 2013 and 2012 weighted average shares out-
standing (basic) (in thousands) amounted to 843,819 and 876,053 shares, respectively.
5 Calculated by dividing adjusted industrial net debt as of September 30, 2013 and 2012 by adjusted EBITDA.
1 Orders; Adjusted or organic growth rates of revenue and orders; Total Sectors profit; ROCE (adjusted); Free cash flow; Adjusted EBITDA; Adjusted industrial net debt are or may be non-GAAP financial measures. Definitions of these supplemental financial
measures, a discussion of the most directly comparable IFRS financial measures, infor-mation regarding the usefulness of Siemens’ supple mental financial measures, the limitations associated with these measures and reconciliations to the most comparable
IFRS financial measures are available on our Investor Relations website under
WWW.SIEMENS.COM/NONGAAP.
2 October 1, 2012 – September 30, 2013.
Profitability and Capital efficiency
Capital structure and Liquidity
Orders – continuing operations (in millions of €)
FY 2013 82,35110% 3
FY 2012 75,939
Revenue – continuing operations (in millions of €)
FY 2013 75,882(1)% 3
FY 2012 77,395
Income from continuing operations (in millions of €)
FY 2013 4,212(9)%
FY 2012 4,642
Basic earnings per share – continuing operations (in €)4
FY 2013 4.85(6)%
FY 2012 5.15
ROCE (adjusted) – continuing operations (in %)
FY 2013 13.8FY 2012 15.5
Target corridor: 15 – 20%
Free cash flow – continuing operations (in millions of €)
FY 2013 5,25711%
FY 2012 4,727
Adjusted industrial net debt/ Adjusted EBITDA – continuing operations (in millions of €)5
FY 2013 0.34FY 2012 0.24
Target corridor: 0.5 –1.0%
4
Key figures fiscal 2013 1, 2
% ChangeFY 2013 FY 2012 Actual Adjusted 3
Continuing operations
Orders in millions of € 82,351 75,939 8% 10%
Revenue in millions of € 75,882 77,395 (2)% (1)%
FY 2013 FY 2012 % Change
Total Sectors
Adjusted EBITDA in millions of € 8,141 9,329 (13)%Total Sectors profit in millions of € 5,788 7,266 (20)% in % of revenue (Total Sectors) in % 7.5 9.3
Continuing operations
Adjusted EBITDA in millions of € 8,215 9,613 (15)%Income from continuing operations in millions of € 4,212 4,642 (9)%Basic earnings per share 4 in € 4.85 5.15 (6)%Return on capital employed (ROCE (adjusted)) in % 13.8 15.5
Continuing and discontinued operations
Net income in millions of € 4,409 4,282 3%Basic earnings per share 4 in € 5.08 4.74 7%Return on capital employed (ROCE (adjusted)) in % 13.5 13.1
September 30, 2013 September 30, 2012
Cash and cash equivalents in millions of € 9,190 10,891Total equity (Shareholders of Siemens AG) in millions of € 28,111 30,855Adjusted industrial net debt in millions of € 2,805 2,271
FY 2013 FY 2012
Continuing operations
Free cash flow in millions of € 5,257 4,727Continuing and discontinued operations
Free cash flow in millions of € 5,328 4,700
Volume
3 Adjusted for currency translation and portfolio effects.
4 Basic earnings per share – attributable to shareholders of Siemens AG. For fiscal 2013 and 2012 weighted average shares out-
standing (basic) (in thousands) amounted to 843,819 and 876,053 shares, respectively.
5 Calculated by dividing adjusted industrial net debt as of September 30, 2013 and 2012 by adjusted EBITDA.
1 Orders; Adjusted or organic growth rates of revenue and orders; Total Sectors profit; ROCE (adjusted); Free cash flow; Adjusted EBITDA; Adjusted industrial net debt are or may be non-GAAP financial measures. Definitions of these supplemental financial
measures, a discussion of the most directly comparable IFRS financial measures, infor-mation regarding the usefulness of Siemens’ supple mental financial measures, the limitations associated with these measures and reconciliations to the most comparable
IFRS financial measures are available on our Investor Relations website under
WWW.SIEMENS.COM/NONGAAP.
2 October 1, 2012 – September 30, 2013.
Profitability and Capital efficiency
Capital structure and Liquidity
6
Customers and Innovation
Environment
Employees
5 Compared to baseline in fiscal 2010.
6 Commonwealth of Independent States.
7 Continuing and discontinued operations.
8 Employee turnover rate is defined as the ratio of voluntary and involuntary exits from Siemens during the fiscal year to the average number of employees.
9 Employees in management positions include all managers with disciplinary responsibility, plus project managers.
10 Without travel expenses.
1 Continuing operations.
2 Average number of employees in fiscal year.
3 Number of inventions reported by the Business Units in an internal report.
4 First filings as part of inventions submitted to patent offices.
Revenue generated by the Environmental Portfolio (in billions of €) 1
FY 2013 32.3FY 2012 32.7
Patent first filings (in thousands) 1, 4
FY 2013 4.0FY 2012 4.6
Employee turnover rate (in %) 7, 8
FY 2013 10.8FY 2012 10.7
Female employees in management positions (percentage of all management positions) 7, 9
FY 2013 15.6FY 2012 15.3
Expenses per employee for continuing education (in €) 7, 10
FY 2013 670FY 2012 693
Accumulated annual customer reductions of carbon dioxide emissions generated by elements from the Environmental Portfolio (in millions of metric tons) 1
FY 2013 377FY 2012 333
Energy efficiency improvement (in %) 1, 5
FY 2013 4FY 2012 8
7
Customers and Innovation
Environment
Employees
FY 2013 FY 2012
Revenue generated by the Environmental Portfolio 1 in billions of € 32.3 32.7
in % of revenue from continuing operations in % 43 42
Research and development expenses 1 in billions of € 4.3 4.2
in % of revenue from continuing operations in % 5.7 5.5
Research and development employees 1, 2 in thousands 29.8 29.5
Inventions 1, 3 in thousands 8.4 8.8
Patent first filings 1, 4 in thousands 4.0 4.6
FY 2013 FY 2012
Accumulated annual customer reductions of carbon dioxide emissions generated by elements from the Environmental Portfolio 1
in millions of metric tons 377 333
Energy efficiency improvement 1, 5 in % 4 8Waste efficiency improvement 1, 5 in % 4 7Waste for disposal reduction 1, 5 in % 7 8Carbon dioxide emission efficiency improvement 1, 5 in % 13 13
Sep. 30, Sep. 30,2013 2012
Total employees – continuing operations in thousands 362 366 Europe, C.I.S.,6 Africa, Middle East in thousands 220 222 therein Germany in thousands 118 119 Asia, Australia in thousands 64 63 Americas in thousands 78 81Total employees – continuing and discontinued operations in thousands 367 410
FY 2013 FY 2012
Employee turnover rate 7, 8 in % 10.8 10.7
Female employees in management positions (percentage of all management positions) 7, 9 in % 15.6 15.3
Expenses for continuing education 7, 10 in millions of € 265 283
Expenses per employee for continuing education 7, 10 in € 670 693
5 Compared to baseline in fiscal 2010.
6 Commonwealth of Independent States.
7 Continuing and discontinued operations.
8 Employee turnover rate is defined as the ratio of voluntary and involuntary exits from Siemens during the fiscal year to the average number of employees.
9 Employees in management positions include all managers with disciplinary responsibility, plus project managers.
10 Without travel expenses.
1 Continuing operations.
2 Average number of employees in fiscal year.
3 Number of inventions reported by the Business Units in an internal report.
4 First filings as part of inventions submitted to patent offices.
8
Strategy
Responsible, excellent and innovative – our val-ues define our aspirations and how we achieve them. Sustainability in the broad sense – support for environmental, economic and social progress – is the guiding principle of all our actions.
We’re providing the world with the solutions it needs to master the challenges of demographic change, urbanization, climate change and global-ization. To tap the business potential of these megatrends in both traditional and new markets, we’ve organized our company into four Sectors: Energy, Healthcare, Industry and Infrastructure & Cities.
Many of our businesses are market and technolo-gy leaders worldwide. To continue building on our leading positions, we’re:
> focusing on innovation- and technology- driven growth markets,
> strengthening our global presence through targeted measures in order to be a strong local partner to our customers all around the world and
> teaming up to use the power of Siemens – a power based on the commitment, expertise and performance of our roughly 362,000 employees worldwide.
One Siemens is the framework for our Company ’s sustainable development and profitable, capital-efficient growth. Within this framework, focus areas define the fields we’ll be concentrating on in the years ahead in order to continuously improve our competitiveness and increase Siemens’ long-term value.
We want to seize growth opportunities, for exam-ple, in the field of software and IT, strengthen our position in the booming markets of the emerging countries and continuously expand our service business.
To achieve these goals, we’re leveraging the full potential of our Company. As a pioneer in electrical engineering, we’ve been a major force in industri-alization. It’s our pioneering spirit that’s made us the global powerhouse we are today. And guided by our vision, we’re still blazing new trails – as a pioneer in energy efficiency, industrial produc-tivity, next-generation healthcare and intelligent infrastructure solutions.
SIEMENS ANNUAL REPORT 2013:
COMPANY REPORT, PAGES 80-85
FINANCIAL REPORT, PAGES 170-172
WWW.SIEMENS.COM/STRATEGY
WWW.SIEMENS.COM/ONE-SIEMENS
9
Siemens stock
The Siemens share price developed positively over the course of fiscal 2013, but did not perform as well as the share prices of major benchmark com-panies. Due to uncertainties regarding economic growth in Europe and the emerging countries, the stock markets were highly volatile in the reporting period.
During the first half of fiscal 2013, Siemens’ share price development was largely in line with the overall market trend. Over the following months, the stock came under considerable pressure and lost ground, also relative to the market as a whole. In July, several events led to a positive develop-ment of the Siemens share. At the beginning of the month, we sold our stake in the Nokia Siemens Networks (NSN) joint venture to Nokia. A few days later, OSRAM Licht AG was spun off from Siemens. As a result of these events, shareholders profited both from an increase in the Siemens share price and from a grant of OSRAM shares free of charge. At the end of July 2013, our Supervisory Board unanimously appointed the long-time CFO Joe Kaeser as President and CEO of Siemens AG. In August and September 2013, the Company’s share price gained substantially, reaching a new high for the year.
The Managing Board and Supervisory Board will propose a dividend payment of €3.00 per share for fiscal 2013. Representing a payout ratio of 57%, this proposal is in accordance with our One Siemens dividend policy, with which we ensure that our shareholders participate appropriately in the Company ’s profit development.
The share buyback program launched in August 2012 was concluded in November 2012. Sub-sequently, Siemens repurchased further shares in order to keep the number of Siemens’ shares outstanding constant until the spinoff of OSRAM Licht AG. We acquired treasury shares with a total value corresponding to about €3.1 billion, of which roughly €1.3 billion was attributable to fiscal 2013. Siemens AG continues to have a very sound financial basis. In an environment in which the ratings of many countries have come under pressure, the Company continues to enjoy good investment- grade credit ratings.
SIEMENS ANNUAL REPORT 2013:
FINANCIAL REPORT, PAGES 111-114
WWW.SIEMENS.COM/INVESTORS
Stock market information
FY 2013 1 FY 2012 1
Stock price range (Xetra closing prices)
High in € 90.33 79.71
Low in € 76.00 63.06
Fiscal year-end in € 89.06 77.61
Number of shares issued (September 30) in millions 881 881
Market capitalization 2 in millions of € 75,078 66,455
Basic earnings per share 3 in € 5.08 4.74
Diluted earnings per share 3 in € 5.03 4.69
Dividend per share in € 3.00 4 3.00
1 Fiscal year from October 1 to September 30.
2 On the basis of outstanding shares.
3 Adjusted for effects of adopting IAS 19R. The prior year is presented on a comparable basis.
4 To be proposed to the Annual Shareholders’ Meeting.
10
Global presence – The cornerstone of competitiveness1
10.8 revenue (in billions of €) 3
41 R&D facilities 5
Germany (included in Europe, C.I.S.,2
Africa, Middle East)
118,000 employees 4of total worldwide
of total worldwide
of total worldwide
20.9
69
Americas
78,000 employees 4of total worldwide
revenue (in billions of €) 3
of total worldwide
R&D facilities 5of total worldwide
1 All figures refer to continuing operations. 2 Commonwealth of Independent States.
14 %
33 %
22 %
28 %
22 %
37 %
11
15.1
27
Asia, Australia
64,000 employees 4of total worldwide
revenue (in billions of €) 3
of total worldwide
R&D facilities 5of total worldwide
39.9
92
Europe, C.I.S.,2 Africa, Middle East(therein Germany)
220,000 employees 4of total worldwide
revenue (in billions of €) 3
of total worldwide
R&D facilities 5of total worldwide
3 By customer location. 4 As of September 30, 2013. 5 15 employees or more.
20 %
18 %
14 %
53 %
61 %
49 %
12
Research and development
Our power of innovation and our pioneering spirit have always been the key pillars of our success. In fiscal 2013, we maintained our R&D expenditures at the level of the previous years, investing some €4.3 billion to develop new technologies and bring them to market readiness in all our business areas.
Our innovations impact many areas of everyday life – from power generation and transportation to industry and healthcare. In the field of power gen-eration, for instance, our direct-drive wind tur-bines, which are lighter and have fewer compo-nents than conventional systems, are generating renewable energy even more reliably than before. In the area of transportation, our trains, metros and light-rail vehicles are providing safe, eco-friendly transport for commuters and other travel-ers worldwide. In the industry segment, our prod-uct lifecycle management (PLM) software is enabling engineers to develop, simulate, test and reproduce entire production processes in a virtual environment – before a single screw is manufac-tured. In the healthcare field, our innovative 64-slice SOMATOM Perspective computed tomog-raphy (CT) scanner is reducing patient radiation doses by as much as 60% – thanks to our SAFIRE method, which also improves image quality by reconstructing CT images on the basis of raw data.
Our innovations are also in demand in the area of sustainable power supply. In the future, increas-ing amounts of electricity will come from renew-able energies and high-efficiency fossil-fuel com-bined cycle power plants. This means that more and more power will have to be stored and trans-ported to consumers via electricity superhighways and smart grids. Demand will have to be managed and energy used as efficiently as possible. And
the entire system will have to be financed and structured in ways that guarantee the reliability of supply and ensure that energy remains affordable. The solutions to all these challenges are already in our portfolio or in our development pipeline – enabling us to create the innovations that will supply the energy of tomorrow.
For instance, the world’s most powerful wind tur-bine – a direct-drive, six-megawatt turbine for use primarily in offshore installations – is from Siemens. So is the world’s most efficient com-bined cycle power plant. We’re also continuously increasing the output of renewables like wind power and, in many countries, transporting green electricity from clean energy sources to distant consumption centers via low-loss, high-voltage direct-current (HVDC) transmission systems. In fiscal 2013, the Siemens Environmental Port folio, which encompasses these and numerous other innovations, generated revenue of €32.3 billion and enabled our customers to cut their CO2 emis-sions by around 377 million metric tons – an amount equal to the combined total annual CO2 emissions of the following twelve cities: Berlin, Cape Town, London, Los Angeles, Melbourne, Mexico City, Moscow, New York City, São Paulo, Seoul, Singapore and Tokyo.
Patents and inventionsWe’ve been granted some 60,000 patents world-wide. In patent applications, we were No. 3 in Germany and No. 2 in Europe in 2012 – again mak-ing us the leading applicant among European companies. In the U.S., we were No. 11 in patents granted. In fiscal 2013, Siemens employees sub-mitted around 8,400 invention disclosures – an average of about 38 per workday.
12
Research and development
Our power of innovation and our pioneering spirit have always been the key pillars of our success. In fiscal 2013, we maintained our R&D expenditures at the level of the previous years, investing some €4.3 billion to develop new technologies and bring them to market readiness in all our business areas.
Our innovations impact many areas of everyday life – from power generation and transportation to industry and healthcare. In the field of power gen-eration, for instance, our direct-drive wind tur-bines, which are lighter and have fewer compo-nents than conventional systems, are generating renewable energy even more reliably than before. In the area of transportation, our trains, metros and light-rail vehicles are providing safe, eco-friendly transport for commuters and other travel-ers worldwide. In the industry segment, our prod-uct lifecycle management (PLM) software is enabling engineers to develop, simulate, test and reproduce entire production processes in a virtual environment – before a single screw is manufac-tured. In the healthcare field, our innovative 64-slice SOMATOM Perspective computed tomog-raphy (CT) scanner is reducing patient radiation doses by as much as 60% – thanks to our SAFIRE method, which also improves image quality by reconstructing CT images on the basis of raw data.
Our innovations are also in demand in the area of sustainable power supply. In the future, increas-ing amounts of electricity will come from renew-able energies and high-efficiency fossil-fuel com-bined cycle power plants. This means that more and more power will have to be stored and trans-ported to consumers via electricity superhighways and smart grids. Demand will have to be managed and energy used as efficiently as possible. And
the entire system will have to be financed and structured in ways that guarantee the reliability of supply and ensure that energy remains affordable. The solutions to all these challenges are already in our portfolio or in our development pipeline – enabling us to create the innovations that will supply the energy of tomorrow.
For instance, the world’s most powerful wind tur-bine – a direct-drive, six-megawatt turbine for use primarily in offshore installations – is from Siemens. So is the world’s most efficient com-bined cycle power plant. We’re also continuously increasing the output of renewables like wind power and, in many countries, transporting green electricity from clean energy sources to distant consumption centers via low-loss, high-voltage direct-current (HVDC) transmission systems. In fiscal 2013, the Siemens Environmental Port folio, which encompasses these and numerous other innovations, generated revenue of €32.3 billion and enabled our customers to cut their CO2 emis-sions by around 377 million metric tons – an amount equal to the combined total annual CO2 emissions of the following twelve cities: Berlin, Cape Town, London, Los Angeles, Melbourne, Mexico City, Moscow, New York City, São Paulo, Seoul, Singapore and Tokyo.
Patents and inventionsWe’ve been granted some 60,000 patents world-wide. In patent applications, we were No. 3 in Germany and No. 2 in Europe in 2012 – again mak-ing us the leading applicant among European companies. In the U.S., we were No. 11 in patents granted. In fiscal 2013, Siemens employees sub-mitted around 8,400 invention disclosures – an average of about 38 per workday.
17
Employees and partnershipsIn fiscal 2013, we had roughly 29,800 R&D employ-ees, of whom 13,300 were in Germany and 16,500 in other countries, such as the U.S., China, Austria, India, Slovakia, Switzerland, the UK, Croatia, Russia, Sweden, Denmark, Mexico, France and Brazil. To remain at the cutting edge of innovation, we participate in about 1,000 research partnerships a year with universities, research institutes and other partners around the world.
Corporate TechnologyThe mission of Corporate Technology (CT) is to create the innovations and solutions that will shape Siemens’ technologies now and in the future and help us maximize the potential of our Company. As our central research organization, CT works hand-in-hand with our operating units to define our technology and innovation strategy. With its global network of experts, CT is a reliable strategic partner for our business units, making important contributions along the entire value chain – from research and development to production technol-ogies, manufacturing processes and product and solutions testing. The organization’s roughly 6,900 employees contribute in-depth understanding of technologies, models and trends as well as exten-sive software and process knowhow. Networked with universities and research centers worldwide, CT has major R&D facilities in Ger many, the U.S., China, Russia, India and Austria.
CT’s activities encompass a wide range of fields. For example, CT experts are researching materials that can enhance the efficiency of our products. They ’re developing IT platforms, security solutions, software architectures and technical systems as well as working on energy technologies, sensors and electronics. And they ’re creating innovative solutions for automation systems, healthcare IT applications and imaging processes.
At CT’s research center in Princeton, New Jersey, for instance, engineers are primarily developing software and image-processing solutions for medical systems and industrial applications. The materials sciences, energy technology and commu-nications solutions are the focus of the organiza-tion’s R&D centers in Moscow and St. Petersburg. Innovative projects in areas such as electric mobility, sustainable urban development, bio- technology and affordable, high-quality health-care products for emerging markets like the rural regions of India round out CT’s technology portfolio. The goal of these projects is to develop technologies with high business potential that can later find concrete application at our operating units.
CT’s Innovative Ventures department supports the establishment of external partnerships and other business models, while its new Siemens Novel Businesses unit is ensuring that disruptive tech-nologies are not overlooked at the Company. CT also offers extensive process and production con-sulting for development and manufacturing at Siemens. The organization’s some 4,400 software engineers in Asia, Europe and the Americas serve as systems providers who assist our operating units throughout the process of turning ideas into mar-ketable products. Besides research and develop-ment, CT is responsible for our global patent man-agement, with about 430 experts supporting the registration, enforcement and commercialization of our intellectual property and trademark rights.
CT also plays a leading role in coordinating strate-gic Company-wide activities in areas like lean management and production, standardization, project management and our top+ business excel-lence program.
SIEMENS ANNUAL REPORT 2013:
FINANCIAL REPORT, PAGES 211-215
WWW.SIEMENS.COM/INNOVATIONS
13
Never being completely satisfied with our achievements, always aspiring to create better solutions, take owner-ship of progress and blaze new technology trails – that’s the secret of Siemens’ power of innovation.
Invention disclosures, patent first filings and R&D employees (approximate) in fiscal 2013
8,400
4,000
13,300
38
18
16,500
Invention disclosures per workday 1
Patent first filings per workday 1
R&D employees outside Germany
Invention disclosures
Patent first filings
R&D employees in Germany
1 On the basis of 220 workdays per year.
12
Research and development
Our power of innovation and our pioneering spirit have always been the key pillars of our success. In fiscal 2013, we maintained our R&D expenditures at the level of the previous years, investing some €4.3 billion to develop new technologies and bring them to market readiness in all our business areas.
Our innovations impact many areas of everyday life – from power generation and transportation to industry and healthcare. In the field of power gen-eration, for instance, our direct-drive wind tur-bines, which are lighter and have fewer compo-nents than conventional systems, are generating renewable energy even more reliably than before. In the area of transportation, our trains, metros and light-rail vehicles are providing safe, eco-friendly transport for commuters and other travel-ers worldwide. In the industry segment, our prod-uct lifecycle management (PLM) software is enabling engineers to develop, simulate, test and reproduce entire production processes in a virtual environment – before a single screw is manufac-tured. In the healthcare field, our innovative 64-slice SOMATOM Perspective computed tomog-raphy (CT) scanner is reducing patient radiation doses by as much as 60% – thanks to our SAFIRE method, which also improves image quality by reconstructing CT images on the basis of raw data.
Our innovations are also in demand in the area of sustainable power supply. In the future, increas-ing amounts of electricity will come from renew-able energies and high-efficiency fossil-fuel com-bined cycle power plants. This means that more and more power will have to be stored and trans-ported to consumers via electricity superhighways and smart grids. Demand will have to be managed and energy used as efficiently as possible. And
the entire system will have to be financed and structured in ways that guarantee the reliability of supply and ensure that energy remains affordable. The solutions to all these challenges are already in our portfolio or in our development pipeline – enabling us to create the innovations that will supply the energy of tomorrow.
For instance, the world’s most powerful wind tur-bine – a direct-drive, six-megawatt turbine for use primarily in offshore installations – is from Siemens. So is the world’s most efficient com-bined cycle power plant. We’re also continuously increasing the output of renewables like wind power and, in many countries, transporting green electricity from clean energy sources to distant consumption centers via low-loss, high-voltage direct-current (HVDC) transmission systems. In fiscal 2013, the Siemens Environmental Port folio, which encompasses these and numerous other innovations, generated revenue of €32.3 billion and enabled our customers to cut their CO2 emis-sions by around 377 million metric tons – an amount equal to the combined total annual CO2 emissions of the following twelve cities: Berlin, Cape Town, London, Los Angeles, Melbourne, Mexico City, Moscow, New York City, São Paulo, Seoul, Singapore and Tokyo.
Patents and inventionsWe’ve been granted some 60,000 patents world-wide. In patent applications, we were No. 3 in Germany and No. 2 in Europe in 2012 – again mak-ing us the leading applicant among European companies. In the U.S., we were No. 11 in patents granted. In fiscal 2013, Siemens employees sub-mitted around 8,400 invention disclosures – an average of about 38 per workday.
14
Siemens innovations – Highlights
Siemens’ six-megawatt (MW) wind turbine generates enough electricity to meet the needs of some 6,000 European households. The turbine’s rotor has a diameter of 154 meters and sweeps an area of about 18,600 square meters – roughly the equivalent of two-and-a-half soccer fields. Developed specifically for offshore sites, the new direct-drive six-megawatt turbine has some 50% fewer components and a smaller number of rotating parts than conventional systems. In addition to reducing service costs, the turbine’s innovative design boosts operational reliability – a crucial advantage for offshore installations.
Our SOMATOM Perspective computed tomography (CT) scanner is now also available in a 64-slice configuration. Patients benefit from the up to 60% reduc-tion in radiation dose achieved using our SAFIRE method, which improves image quality by reconstructing CT images on the basis of raw data. The scanner requires only about 18 square meters of floor space and can be installed in just one to two days. Together with lower power consumption and reduced cool-ing requirements, these advantages make the 64-slice scanner and the larger 128-slice model the most economical CTs in their class. The 64-slice SOMATOM Perspective is ideal for use in outpatient settings and in small to medium-sized hospitals. A longer lifecycle and lower maintenance costs enhance the cost- effectiveness of the 64-slice scanner, which can be upgraded to the 128-slice configuration if required.
50% 6 MWfewer components
Capacity of
Direct-drive wind turbine
60% 50%less radiation
Energy savings of
SOMATOM Perspective 64 computed tomography scanner
12
Research and development
Our power of innovation and our pioneering spirit have always been the key pillars of our success. In fiscal 2013, we maintained our R&D expenditures at the level of the previous years, investing some €4.3 billion to develop new technologies and bring them to market readiness in all our business areas.
Our innovations impact many areas of everyday life – from power generation and transportation to industry and healthcare. In the field of power gen-eration, for instance, our direct-drive wind tur-bines, which are lighter and have fewer compo-nents than conventional systems, are generating renewable energy even more reliably than before. In the area of transportation, our trains, metros and light-rail vehicles are providing safe, eco-friendly transport for commuters and other travel-ers worldwide. In the industry segment, our prod-uct lifecycle management (PLM) software is enabling engineers to develop, simulate, test and reproduce entire production processes in a virtual environment – before a single screw is manufac-tured. In the healthcare field, our innovative 64-slice SOMATOM Perspective computed tomog-raphy (CT) scanner is reducing patient radiation doses by as much as 60% – thanks to our SAFIRE method, which also improves image quality by reconstructing CT images on the basis of raw data.
Our innovations are also in demand in the area of sustainable power supply. In the future, increas-ing amounts of electricity will come from renew-able energies and high-efficiency fossil-fuel com-bined cycle power plants. This means that more and more power will have to be stored and trans-ported to consumers via electricity superhighways and smart grids. Demand will have to be managed and energy used as efficiently as possible. And
the entire system will have to be financed and structured in ways that guarantee the reliability of supply and ensure that energy remains affordable. The solutions to all these challenges are already in our portfolio or in our development pipeline – enabling us to create the innovations that will supply the energy of tomorrow.
For instance, the world’s most powerful wind tur-bine – a direct-drive, six-megawatt turbine for use primarily in offshore installations – is from Siemens. So is the world’s most efficient com-bined cycle power plant. We’re also continuously increasing the output of renewables like wind power and, in many countries, transporting green electricity from clean energy sources to distant consumption centers via low-loss, high-voltage direct-current (HVDC) transmission systems. In fiscal 2013, the Siemens Environmental Port folio, which encompasses these and numerous other innovations, generated revenue of €32.3 billion and enabled our customers to cut their CO2 emis-sions by around 377 million metric tons – an amount equal to the combined total annual CO2 emissions of the following twelve cities: Berlin, Cape Town, London, Los Angeles, Melbourne, Mexico City, Moscow, New York City, São Paulo, Seoul, Singapore and Tokyo.
Patents and inventionsWe’ve been granted some 60,000 patents world-wide. In patent applications, we were No. 3 in Germany and No. 2 in Europe in 2012 – again mak-ing us the leading applicant among European companies. In the U.S., we were No. 11 in patents granted. In fiscal 2013, Siemens employees sub-mitted around 8,400 invention disclosures – an average of about 38 per workday.
17
Employees and partnershipsIn fiscal 2013, we had roughly 29,800 R&D employ-ees, of whom 13,300 were in Germany and 16,500 in other countries, such as the U.S., China, Austria, India, Slovakia, Switzerland, the UK, Croatia, Russia, Sweden, Denmark, Mexico, France and Brazil. To remain at the cutting edge of innovation, we participate in about 1,000 research partnerships a year with universities, research institutes and other partners around the world.
Corporate TechnologyThe mission of Corporate Technology (CT) is to create the innovations and solutions that will shape Siemens’ technologies now and in the future and help us maximize the potential of our Company. As our central research organization, CT works hand-in-hand with our operating units to define our technology and innovation strategy. With its global network of experts, CT is a reliable strategic partner for our business units, making important contributions along the entire value chain – from research and development to production technol-ogies, manufacturing processes and product and solutions testing. The organization’s roughly 6,900 employees contribute in-depth understanding of technologies, models and trends as well as exten-sive software and process knowhow. Networked with universities and research centers worldwide, CT has major R&D facilities in Ger many, the U.S., China, Russia, India and Austria.
CT’s activities encompass a wide range of fields. For example, CT experts are researching materials that can enhance the efficiency of our products. They ’re developing IT platforms, security solutions, software architectures and technical systems as well as working on energy technologies, sensors and electronics. And they ’re creating innovative solutions for automation systems, healthcare IT applications and imaging processes.
At CT’s research center in Princeton, New Jersey, for instance, engineers are primarily developing software and image-processing solutions for medical systems and industrial applications. The materials sciences, energy technology and commu-nications solutions are the focus of the organiza-tion’s R&D centers in Moscow and St. Petersburg. Innovative projects in areas such as electric mobility, sustainable urban development, bio- technology and affordable, high-quality health-care products for emerging markets like the rural regions of India round out CT’s technology portfolio. The goal of these projects is to develop technologies with high business potential that can later find concrete application at our operating units.
CT’s Innovative Ventures department supports the establishment of external partnerships and other business models, while its new Siemens Novel Businesses unit is ensuring that disruptive tech-nologies are not overlooked at the Company. CT also offers extensive process and production con-sulting for development and manufacturing at Siemens. The organization’s some 4,400 software engineers in Asia, Europe and the Americas serve as systems providers who assist our operating units throughout the process of turning ideas into mar-ketable products. Besides research and develop-ment, CT is responsible for our global patent man-agement, with about 430 experts supporting the registration, enforcement and commercialization of our intellectual property and trademark rights.
CT also plays a leading role in coordinating strate-gic Company-wide activities in areas like lean management and production, standardization, project management and our top+ business excel-lence program.
SIEMENS ANNUAL REPORT 2013:
FINANCIAL REPORT, PAGES 211-215
WWW.SIEMENS.COM/INNOVATIONS
15
Developed for electric multiple units with variable train configurations, our SF7000s are two-axle, air-sprung bogies with a two-stage suspension system. Fitted with inboard axle bearings, these new driving-wheel assemblies are also more compact and considerably lighter than bogies with outboard axle bearings and one-third lighter than conventional models. The SF7000s’ lower weight not only saves energy; coupled with comparatively shorter axle spacing, their lower unsprung mass also substantially reduces track and wheel wear, thus minimizing wheel maintenance costs and variable track access charges. What’s more, the bogies can carry much higher payloads without compromising derailment pro-tection. We’re using SF7000 bogies for the Desiro City electric regional trains scheduled to enter service on London’s Thameslink route in 2016.
Our Totally Integrated Automation (TIA) Portal is the software tool for all auto-mation tasks. The latest version of the integrated engineering platform is making the implementation of tomorrow’s automation solutions even more efficient. Version V12 is the first TIA Portal to enable the seamless integration and design of drive technologies. In addition, safety features – including those for the new SIMATIC S7-1500 controller – have been enhanced. Security measures have also been tightened to safeguard trade secrets while improving copy protection and access control.
30% 50%lighter
Energy savings of
SF7000 bogie for electric regional trains
1 30%end-to-end software tool
Reduction in engineering time of
Tailored automation solutions for industry
12
Research and development
Our power of innovation and our pioneering spirit have always been the key pillars of our success. In fiscal 2013, we maintained our R&D expenditures at the level of the previous years, investing some €4.3 billion to develop new technologies and bring them to market readiness in all our business areas.
Our innovations impact many areas of everyday life – from power generation and transportation to industry and healthcare. In the field of power gen-eration, for instance, our direct-drive wind tur-bines, which are lighter and have fewer compo-nents than conventional systems, are generating renewable energy even more reliably than before. In the area of transportation, our trains, metros and light-rail vehicles are providing safe, eco-friendly transport for commuters and other travel-ers worldwide. In the industry segment, our prod-uct lifecycle management (PLM) software is enabling engineers to develop, simulate, test and reproduce entire production processes in a virtual environment – before a single screw is manufac-tured. In the healthcare field, our innovative 64-slice SOMATOM Perspective computed tomog-raphy (CT) scanner is reducing patient radiation doses by as much as 60% – thanks to our SAFIRE method, which also improves image quality by reconstructing CT images on the basis of raw data.
Our innovations are also in demand in the area of sustainable power supply. In the future, increas-ing amounts of electricity will come from renew-able energies and high-efficiency fossil-fuel com-bined cycle power plants. This means that more and more power will have to be stored and trans-ported to consumers via electricity superhighways and smart grids. Demand will have to be managed and energy used as efficiently as possible. And
the entire system will have to be financed and structured in ways that guarantee the reliability of supply and ensure that energy remains affordable. The solutions to all these challenges are already in our portfolio or in our development pipeline – enabling us to create the innovations that will supply the energy of tomorrow.
For instance, the world’s most powerful wind tur-bine – a direct-drive, six-megawatt turbine for use primarily in offshore installations – is from Siemens. So is the world’s most efficient com-bined cycle power plant. We’re also continuously increasing the output of renewables like wind power and, in many countries, transporting green electricity from clean energy sources to distant consumption centers via low-loss, high-voltage direct-current (HVDC) transmission systems. In fiscal 2013, the Siemens Environmental Port folio, which encompasses these and numerous other innovations, generated revenue of €32.3 billion and enabled our customers to cut their CO2 emis-sions by around 377 million metric tons – an amount equal to the combined total annual CO2 emissions of the following twelve cities: Berlin, Cape Town, London, Los Angeles, Melbourne, Mexico City, Moscow, New York City, São Paulo, Seoul, Singapore and Tokyo.
Patents and inventionsWe’ve been granted some 60,000 patents world-wide. In patent applications, we were No. 3 in Germany and No. 2 in Europe in 2012 – again mak-ing us the leading applicant among European companies. In the U.S., we were No. 11 in patents granted. In fiscal 2013, Siemens employees sub-mitted around 8,400 invention disclosures – an average of about 38 per workday.
16
Software will be a key driver of industrial growth in the years ahead. With 17,000 software engineers, 4,400 of whom are at Corporate Technology, Siemens is optimally positioned to take advantage of this situation.
R&D employees and software developers (approximate) in fiscal 2013
thereof about 4,400
29,800 R&D employees
17,000 Software developers
Software developers at Corporate Technology
17
Employees and partnershipsIn fiscal 2013, we had roughly 29,800 R&D employ-ees, of whom 13,300 were in Germany and 16,500 in other countries, such as the U.S., China, Austria, India, Slovakia, Switzerland, the UK, Croatia, Russia, Sweden, Denmark, Mexico, France and Brazil. To remain at the cutting edge of innovation, we participate in about 1,000 research partnerships a year with universities, research institutes and other partners around the world.
Corporate TechnologyThe mission of Corporate Technology (CT) is to create the innovations and solutions that will shape Siemens’ technologies now and in the future and help us maximize the potential of our Company. As our central research organization, CT works hand-in-hand with our operating units to define our technology and innovation strategy. With its global network of experts, CT is a reliable strategic partner for our business units, making important contributions along the entire value chain – from research and development to production technol-ogies, manufacturing processes and product and solutions testing. The organization’s roughly 6,900 employees contribute in-depth understanding of technologies, models and trends as well as exten-sive software and process knowhow. Networked with universities and research centers worldwide, CT has major R&D facilities in Ger many, the U.S., China, Russia, India and Austria.
CT’s activities encompass a wide range of fields. For example, CT experts are researching materials that can enhance the efficiency of our products. They ’re developing IT platforms, security solutions, software architectures and technical systems as well as working on energy technologies, sensors and electronics. And they ’re creating innovative solutions for automation systems, healthcare IT applications and imaging processes.
At CT’s research center in Princeton, New Jersey, for instance, engineers are primarily developing software and image-processing solutions for medical systems and industrial applications. The materials sciences, energy technology and commu-nications solutions are the focus of the organiza-tion’s R&D centers in Moscow and St. Petersburg. Innovative projects in areas such as electric mobility, sustainable urban development, bio- technology and affordable, high-quality health-care products for emerging markets like the rural regions of India round out CT’s technology portfolio. The goal of these projects is to develop technologies with high business potential that can later find concrete application at our operating units.
CT’s Innovative Ventures department supports the establishment of external partnerships and other business models, while its new Siemens Novel Businesses unit is ensuring that disruptive tech-nologies are not overlooked at the Company. CT also offers extensive process and production con-sulting for development and manufacturing at Siemens. The organization’s some 4,400 software engineers in Asia, Europe and the Americas serve as systems providers who assist our operating units throughout the process of turning ideas into mar-ketable products. Besides research and develop-ment, CT is responsible for our global patent man-agement, with about 430 experts supporting the registration, enforcement and commercialization of our intellectual property and trademark rights.
CT also plays a leading role in coordinating strate-gic Company-wide activities in areas like lean management and production, standardization, project management and our top+ business excel-lence program.
SIEMENS ANNUAL REPORT 2013:
FINANCIAL REPORT, PAGES 211-215
WWW.SIEMENS.COM/INNOVATIONS
18
We’re a world-leading supplier of a wide array of products, solutions and services in the field of energy technology. In the drive to create a sustainable energy system based on the more efficient use of fossil resources and renewable energies, electrical power is playing a key role. As electricity consumption grows, so does the system’s complexity. The energy chain has now become the Power Matrix. Our inno-vative and efficient products are enabling customers to succeed in an increasingly complex technological and economic environment – particularly in the areas of power gene ration and power transmission as well as oil and gas pro duction. With our knowhow and our products, we’re already offering solutions in nearly all key areas of the Power Matrix.
WWW.SIEMENS.COM/ENERGY
Energy
19
Energy Service
With our broad range of innovative products and services, we’re helping customers in the oil and gas, processing, heat generation, power generation and renewable energy industries operate their plants reliably and with maximum profitability, efficiency and environmental compatibility.
WWW.SIEMENS.COM/AR/ENERGY-SERVICE
Power Generation
We offer energy providers and industry customers an extensive portfolio of products and solutions for the ecofriendly and resource-saving generation of electricity from fossil fuels as well as for the efficient production and reliable transport of oil and gas.
WWW.SIEMENS.COM/AR/POWER-GENERATION
Power Transmission
Leveraging our innovative strengths in low-loss power transmission, reliable switchgear, high-quality trans-formers and advanced power transmission systems, we enable customers to transport energy – including green electricity from renewable sources such as offshore wind farms – safely and efficiently.
WWW.SIEMENS.COM/AR/POWER-TRANSMISSION
Wind Power
To maximize cost-efficiency – the key to developing wind power – we’re creating new products for offshore and onshore deployment while further optimizing our manufacturing and logistics processes. By increasingly gearing our offerings to diverse regional conditions, we’re tailoring our solutions even more closely to market- specific requirements.
WWW.SIEMENS.COM/AR/WIND-POWER
20
We want to be a trusted partner that helps customers fight the most threatening diseases. We also aim to improve quality and productivity in healthcare and enable access to medical services by providing products and solutions for the entire healthcare continuum – from prevention and early detection to diagnosis, treatment and follow-up care. We’re a major single-source supplier of technology to the healthcare industry worldwide and a trendsetter in medical imaging, laboratory diagnostics, health-care IT and hearing instruments.
WWW.SIEMENS.COM/HEALTHCARE
Healthcare
21
Clinical Products
In many cases, X-ray and ultrasound mark the beginning of a patient’s care. To determine what kind of therapy a patient needs, medical providers need fast, effective imaging. We innovate products and components to help raise the quality and productivity of diagnosis and thus enable affordable care in developed and emerging mar-kets. It is our goal to provide physicians and radiologists around the globe with ultrasound and X-ray imaging that allow for better insights and safer diagnoses in a shorter time.
WWW.SIEMENS.COM/AR/CLINICAL-PRODUCTS
Customer Solutions
We manage customer relationships on a global level. Our expertise is in healthcare IT, which enables hospi-tals and their systems to deliver care efficiently, safely and with high quality. We provide customer services to maintain and add value to our installed base, and we manage the Healthcare Sector’s sales operations to support our customers with the best solutions for patient care.
WWW.SIEMENS.COM/AR/
HEALTHCARE-CUSTOMER-SOLUTIONS
Audiology Solutions
Our major goal is to enhance the quality of life for hearing-impaired individuals by providing innovative solutions for better hearing.
WWW.SIEMENS.COM/AR/AUDIOLOGY-SOLUTIONS
Diagnostics
Every day, millions of in-vitro diagnostic tests are performed in hospital, reference and physician-office laboratories, and point-of-care settings. These tests provide the vital information clinicians need to accu-rately diagnose, treat, and monitor patients throughout the continuum of care. As a global leader in clinical diagnostics, we offer one of the most comprehensive portfolios of solutions, which unite clinical and work-flow excellence and lead to healthier lives for patients and healthier bottom lines for providers.
WWW.SIEMENS.COM/AR/DIAGNOSTICS
Imaging & Therapy Systems
Modern medicine is inconceivable without the inno-vative imaging technologies that help provide early and detailed diagnoses and confirm or refute the presence of suspected disease. Used increasingly in therapy, advanced imaging systems can also help cut healthcare costs. At the same time, they ’re opening up new forms of treatment – making it possible, for example, to re place open surgical procedures with minimally invasive inter-ventions, to directly control surgical outcomes while operations are still in progress and to provide new forms of therapy that can contribute to gentler and more effective treatment for cancer patients. In all these areas, our advanced imaging software solutions are support-ing medical professionals in both diagnosis and therapy.
WWW.SIEMENS.COM/AR/IMAGING-THERAPY-SYSTEMS
22
We’re one of the world’s leading suppliers of innovative and environmentally friendly products and solutions for industrial companies. With our end-to-end automation solutions, drive technologies, industrial IT and industry software, in-depth industry expertise and technology-based services, we’re increasing our customers’ productivity, efficiency and flexibility – while strengthening our own competitiveness.
WWW.SIEMENS.COM/INDUSTRY
Industry
23
Customer Services
We bundle the Industry Sector’s service activities world-wide. With our global network of experts, we support industrial customers with technology-based industry services across entire lifecycles – from the earliest stages of planning and engineering all the way to operation and modernization. Our services – which include con-sulting, training, and plant and energy management – offer added value. With their product knowledge and industry-specific expertise, our service specialists help measurably increase the availability of machines and systems and reduce lifecycle costs.
WWW.SIEMENS.COM/AR/
INDUSTRY-CUSTOMER-SERVICES
Drive Technologies
We’re one of the world’s leading suppliers of integrated drive systems. With our products and systems for inno-vative applications and industry-specific solutions as well as end-to-end services, we’re increasing the pro-ductivity, energy efficiency and reliability of machinery and installations. Advanced industry software ensures our offerings’ optimal integration.
WWW.SIEMENS.COM/AR/DRIVE-TECHNOLOGIES
Industry Automation
Fast, flexible and efficient: with our unique combina-tion of automation technologies, industrial controls and industry software, we support customers’ complete product development and production processes – from product design to production to service. Using our software components and tools, customers can slash time-to-market for new products by up to 50%.
WWW.SIEMENS.COM/AR/INDUSTRY-AUTOMATION
Metals Technologies
We’re one of the world’s leading lifecycle partners for the metals industry. We offer an extensive portfolio of products, services, technologies and modernization solutions as well as integrated automation and environ-mental solutions for the entire plant lifecycle and the complete value chain – from raw materials to finished rolled products.
WWW.SIEMENS.COM/AR/METALS-TECHNOLOGIES
24
We offer an extensive portfolio of sustainable technologies in the areas of transportation and logistics, power grid products and solutions, and building technologies. Bundling Siemens’ infra-structure knowhow, we supply customers around the world with products, solutions and services from a single source while benefiting from the dynamic growth of cities and infrastructure markets. We leverage our unique IT and automation exper-tise to optimize infrastructures – making better use of existing systems and reducing operating costs while increasing energy efficiency and improving safety and security. Our cross-Division offerings enable us to serve particularly attractive markets such as data centers. We’re making our customers more competitive, enhancing the quality of urban life and providing Siemens with opportunities for profitable growth.
WWW.SIEMENS.COM/INFRASTRUCTURE-CITIES
Infrastructure & Cities
25
Building Technologies
We’re the world’s leading provider of safe, secure, energy- efficient and ecofriendly buildings and infrastructures. As a technology partner, service provider, systems inte-grator and product vendor, we have offerings for fire safety, security, building automation, heating, ventila-tion, air conditioning and energy management.
WWW.SIEMENS.COM/AR/BUILDING-TECHNOLOGIES
Low and Medium Voltage
We supply public energy providers, industrial companies and municipal utilities with a complete range of prod-ucts, systems and solutions for power distribution infra-structures. Our portfolio includes highly reliable power supply solutions for conventional power plants and renewable energy systems as well as intelligent, compact substations for urban and rural distribution networks. We also offer energy-efficient solutions for heavy indus-try, the oil and gas industry and the process industry. Energy- efficient solutions and energy storage systems for the integration of renewable energies into power grids round out our portfolio.
WWW.SIEMENS.COM/AR/LOW-MEDIUM-VOLTAGE
Mobility and Logistics
We’re a leading global provider of the integrated technologies that enable people and goods to be trans-ported safely, efficiently and in an environmentally friendly manner. Our offerings encompass rail automa-tion and intelligent traffic and transportation systems as well as logistics solutions for airports and postal and parcel services. The products, services and IT-based solutions in our portfolio combine innovation with com-prehensive industry knowhow.
WWW.SIEMENS.COM/AR/MOBILITY-LOGISTICS
Rail Systems
We’re responsible for Siemens’ entire rail vehicle busi-ness – including everything from trains, metro systems and locomotives to trams, light-rail systems and rail- related services. Supporting railway operators world-wide, our employees collaborate with customers on a local basis to develop tailor-made mobility solutions.
WWW.SIEMENS.COM/AR/RAIL-SYSTEMS
Smart Grid
We offer power providers, network operators, industrial enterprises and cities an end-to-end portfolio of prod-ucts and solutions for developing intelligent grid infra-structures. Smart grids, which enable the bi-directional flow of energy and information, are a prerequisite for the increasing integration of renewable energy sources. Using data obtained from smart grids, power providers can also boost their operating efficiency. Software solu-tions that analyze grid data are continuously gaining in importance. We’re developing and deploying such solu-tions while also cooperating with a network of software partners.
WWW.SIEMENS.COM/AR/SMART-GRID
26
BSH Bosch und Siemens Hausgeräte GmbH (BSH)We’re one of the world’s leading manufacturers of household appliances. Our product portfolio encompasses a complete range of leading-edge home appliances, including everything from stoves, ovens, extractor hoods, dishwashers, washing machines, dryers, refrigerators and freezers to small appliances such as vacuum cleaners, coffee machines, electric kettles, irons and hair dryers.
WWW.SIEMENS.COM/AR/BSH
Financial Services (SFS)We’re a provider of business -to-business financial solutions. Leveraging our specialist financing and technology expertise in the areas of energy, healthcare, industry, infrastructure and cities, we support customer investments with leasing solutions and equipment, project and structured financing. We provide capital for Siemens custom-ers as well as other companies and serve as an expert advisor for financial risks within Siemens. Our financial and industry knowhow creates cus-tomer value and enhances customer competitive-ness while building trust in new technologies and facilitating their market launch.
WWW.SIEMENS.COM/AR/FINANCE
Siemens Real Estate (SRE)We’re responsible for all the Company ’s real estate activities – managing Siemens’ real estate port-folio, optimizing property utilization, overseeing real estate operations and providing all related services. We also handle rentals and sales and implement all construction projects Company- wide. With our innovative sustainability initiatives and programs, we’re optimizing resource use while boosting the energy efficiency of buildings. And by introducing a trendsetting work concept that fos-ters creativity and interaction among employees, we’re helping Siemens remain attractive to today ’s best employees and tomorrow’s top talents.
WWW.SIEMENS.COM/AR/SRE
Equity Investments Cross-Sector Activities
27
Further information on the contents of this brochure is available at:Address Siemens AG Wittelsbacherplatz 2 80333 Munich GermanyPhone +49 89 636-33443 (Media Relations) +49 89 636-32474 (Investor Relations)Fax +49 89 636-30085 (Media Relations) +49 89 636-32830 (Investor Relations)E-mail [email protected] [email protected]
Additional information is available in the Siemens Annual Report at:
WWW.SIEMENS.COM/ANNUAL-REPORT (English) WWW.SIEMENS.COM/JAHRESBERICHT (German)
and at: WWW.SIEMENS.COM/INNOVATION
WWW.SIEMENS.COM/POF
Copies of the Annual Report can be ordered at: WWW.SIEMENS.COM/ORDER-ANNUALREPORT
E-mail [email protected] +49 7237 1736
Key to references REFERENCE TO AN EXTERNAL PUBLICATION
REFERENCE TO THE INTERNET
Copyright noticeDesignations used in this document may be trade-marks, the use of which by third parties for their own purposes could violate the rights of the trademark owners.
As of November 27, 2013
Information resources Financial calendar 1
28
29
31
28First-quarter financial report
Ex-dividend date
Third-quarter financial report
Annual Shareholders’ Meeting for fiscal 2014
Annual Shareholders’ Meeting for fiscal 2013
Second-quarter financial report
Preliminary figures for fiscal 2014
January2014
January2014
July2014
January 2015
January2014
27
1 Provisional. Updates will be published at: WWW.SIEMENS.COM/FINANCIAL-CALENDAR
May2014
November2014
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