Excellent performance in remarkable times

Fiscal 2020

•    Orders of €60.0 billion and revenue of €57.1 billion, for a book-to-bill ratio of 1.05

•    These figures represent declines of 7% and 2%, respectively, compared to the prior year, on both a nominal and a comparable basis, excluding currency translation and portfolio effects

•    Adjusted EBITA Industrial Businesses of €7.6 billion, 3% below the prior-year level; Adjusted EBITA margin of 14.3% included a positive €0.8 billion effect from the stake in Bentley Systems, Inc., which contributed 1.5 percentage points to the margin, partly offset by severance charges of €0.5 billion which took 0.9 percentage points; results outside Industrial Businesses
impacted by a €0.5 billion impairment of an equity investment

•    Net income declined to €4.2 billion, including a loss of €0.1 billion within discontinued operations compared to income from discontinued operations of €0.5 billion in the prior year, resulting in basic earnings per share (EPS) from net income of €5.00

•    Despite less favorable conditions for cash collection, Free cash flow rose clearly to €6.4 billion, reaching the highest level in the past decade

•    With the spin-off of the energy business, Siemens allocated 55.0% of its ownership interest in Siemens Energy AG to its shareholders, a further 9.9% were transferred to Siemens Pension-Trust e.V and the remaining 35.1% of shares are held by Siemens and reported within Reconciliation to Consolidated Financial Statements as Siemens Energy Investment

•    After the successful spin-off of Siemens Energy, Siemens proposes a dividend of €3.50 per share, consisting of €3.00 at the upper end of our targeted dividend payout ratio, supplemented by an additional €0.50

Q4 Fiscal 2020

•    Orders were €15.6 billion, nearly level with the same quarter a year ago and revenue was €15.3 billion, 6% lower year-over-year; orders and revenue development strongly impacted by negative currency translation effects; book-to-bill ratio above one, at 1.02 •    On a comparable basis, orders rose 2% and revenue declined 3%

•    Adjusted EBITA Industrial Businesses increased to €2.6 billion; Adjusted EBITA margin of 18.7% included a positive €0.5 billion effect from the stake in Bentley Systems Inc., which contributed 3.8 percentage points to the margin, partly offset by severance charges of €0.1 billion which took 0.8 percentage points; results outside Industrial Businesses included the above-
mentioned €0.5 billion impairment of an equity investment

•    Net income of €1.9 billion, up 28% from Q4 FY 2019, benefiting from €0.8 billion in income from discontinued operations, resulting in basic EPS of €2.20

The full text of the press release can be found in the attached PDF.

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