Siemens AG February 2021 Unrestricted | © Siemens 2021 | February 2021 Disclaimer This document contains statements related to our future business and financial Siemens neither intends, nor assumes any obligation, to update or revise these performance and future events or developments involving Siemens that may forward-looking statements in light of developments which differ from those constitute forward-looking statements. These statements may be identified by anticipated. words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in This document includes – in the applicable financial reporting framework not presentations, in material delivered to shareholders and in press releases. In clearly defined – supplemental financial measures that are or may be alternative addition, our representatives may from time to time make oral forward-looking performance measures (non-GAAP-measures). These supplemental financial statements. Such statements are based on the current expectations and certain measures should not be viewed in isolation or as alternatives to measures of assumptions of Siemens’ management, of which many are beyond Siemens’ Siemens’ net assets and financial positions or results of operations as presented control. These are subject to a number of risks, uncertainties and factors, in accordance with the applicable financial reporting framework in its including, but not limited to, those described in disclosures, in particular in the Consolidated Financial Statements. Other companies that report or describe chapter Report on expected developments and associated material opportunities similarly titled alternative performance measures may calculate them differently. and risks of the Annual Report, and in the Half-year Financial Report, which should be read in conjunction with the Annual Report. Should one or more of Due to rounding, numbers presented throughout this and other documents may these risks or uncertainties materialize, events of force majeure, such as not add up precisely to the totals provided and percentages may not precisely pandemics, occur or should underlying expectations including future events occur reflect the absolute figures. at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward- Financial publications are available for download at: looking statement. www.siemens.com/ir Page 2 Unrestricted | © Siemens 2021 | February 2021 173 years of social responsibility Page 3 Unrestricted | © Siemens 2021 | February 2021 1816 – 1892 1866 Siemens innovations Company founder, The dynamo makes visionary and inventor electricity part of Milestones everyday life in a 173-year history 1847 1879 Pointer telegraph lays the World’s first foundation of Siemens as a electric railway global company Page 4 Unrestricted | © Siemens 2021 | February 2021 1925 1975 2010 2016 2019 Siemens electrifies Breakthrough of high- TIA Portal takes MindSphere, Launch of first project the Irish Free State voltage direct-current automation a stage the cloud-based IoT for Siemensstadt 2.0 with a hydroelectric (HVDC) transmission further operating system power plant 1959 1983 2012 2018 2020 SIMATIC First magnetic resonance Test operation of the Charter of Trust: a joint Comfy workplace app makes revolutionizes imaging scanner world‘s largest rotor for initiative for a secure it safe to return to the office automation offshore wind turbines digital world during the coronavirus pandemic Page 5 Unrestricted | © Siemens 2021 | February 2021 Siemens has been shaping industrial revolutions ever since its founding Digitalization – Industry 4.0 Cyberphysical systems Electronics and IT – Industry 3.0 Automation of production Electrification – Industry 2.0 Introduction of the assembly line Founding of Siemens Steam power – Industry Shift from manual to 1.0 mechanical production Page 6 Unrestricted | © Siemens 2021 | February 2021 Page 7 Unrestricted | © Siemens 2021 | February 2021 Providing technology solutions to address the greatest challenges of our time Digital transformation of industry, Healthcare system infrastructure and mobility Energy transition Population Competitive Efficient Economic Increasing Distributed Aging society growth industries infrastructure growth demand energy systems / Climate change / Increase in chronic Sustainable use of Grid edge Productivity Prosperity decarbonization Personalized healthcare diseases resources Reliable Energy efficiency supply Affordable healthcare Hydrogen / sector coupling Energy Siemens backbone for society Siemens Siemens Healthineers1 Energy2 1 Publicly listed subsidiary of Siemens | 2 Publicly listed associate Page 8 Unrestricted | © Siemens 2021 | February 2021 A new chapter in the history of Siemens AG Company setup as of October 1, 2020 Businesses Digital Smart Siemens Portfolio Siemens Industries Infrastructure Mobility Advanta Companies Healthineers1 Countries Service & Governance 1 Siemens Healthineers with its own setup for Countries and Service & Governance Page 9 Unrestricted | © Siemens 2021 | February 2021 Management Managing Board of Siemens AG Dr. Roland Klaus Cedrik Matthias Prof. Dr. Ralf P. Judith Busch Helmrich1 Neike Rebellius Thomas Wiese President and CEO CFO CHRO 1 Until March 31, 2021 Seite 10 Unrestricted | © Siemens 2021 | February 2021 Management of Siemens’ Businesses Digital Smart Mobility Siemens Portfolio Siemens Industries Infrastructure Advanta Companies Healthineers Cedrik Neike Matthias Rebellius Michael Peter Aymeric Sarrazin Dr. Horst J. Kayser Dr. Bernd Montag CEO CEO CEO CEO Chairman CEO Rudolf Basson Axel Meier Karl Blaim Ariane Hemmer Dr. Martin Meyer Dr. Jochen Dr. Christoph CFO CFO CFO CFO Head of Finance Schmitz Zindel CFO Board member Page 11 Unrestricted | © Siemens 2021 | February 2021 Page 12 Unrestricted | © Siemens 2021 | February 2021 Our four strategic priorities Customer Empowered Technology Growth impact people with purpose mindset We’re putting customer impact We drive progress by empowering our Innovative technology has been at the We’ll continue to learn and grow – at the very center of Siemens. customers, partners and employees to core of Siemens for more than 170 through curiosity, resilience, a love of make the most of their abilities. years and it will remain at the core of experimentation and a willingness to the future we’re building. adapt. Page 13 Unrestricted | © Siemens 2021 | February 2021 We commute in cars designed … built in factories running on … charged by a renewable and with Siemens software … Siemens automation … decentralized Siemens smart grid. Page 14 Unrestricted | © Siemens 2021 | February 2021 We work in smart buildings that … with a carbon neutral footprint keep us comfortable and healthy … that keeps the planet healthy as well. Page 15 Unrestricted | © Siemens 2021 | February 2021 We travel on Siemens trains … … and on planes brought to life using Siemens technology. Page 16 Unrestricted | © Siemens 2021 | February 2021 We rely on lifesaving drugs sped to market … … thanks to Siemens innovations. Page 17 Unrestricted | © Siemens 2021 | February 2021 Page 18 Unrestricted | © Siemens 2021 | February 2021 As a leading technology company, we provide industry-specific support to our customers. That’s what we do today and will do tomorrow. 293,000 €57.1 bn €4.2 bn 14.3% employees1 in revenue2 in net income3 adjusted EBITA margin for the Industrial Businesses2 1 As of September 30, 2020 (excluding Siemens Energy) | 2 For fiscal 2020 (excluding Siemens Energy) | 3 Continuing and discontinued operations Page 19 Unrestricted | © Siemens 2021 | February 2021 Fiscal 2020 (Slide 1 of 2) Key figures (Continuing operations; in millions Change of € except where otherwise stated) Fiscal 2020 Fiscal 2019 in % Fiscal 2020 Fiscal 2019 Volume Liquidity Orders 59,977 64,682 (7)%1 Free Cash Flow2 6,404 5,845 Revenue 57,139 58,483 (2)%1 Employees Sept. 30, Sept. 30, Profitability und capital efficiency (in thousands) 2020 20193 Net income2 4,200 5,648 (26)% Total2 293 385 Return on capital employed Germany 90 116 7.8% 11.1% (ROCE)2 Outside Germany 203 269 1 Excluding currency translation and portfolio effects | 2 Continuing and discontinued operations | 3 Including Siemens Energy Page 20 Unrestricted | © Siemens 2021 | February 2021 Fiscal 2020 (Slide 2 of 2) Revenue 32% 27% 27% Europe, CIS1, Africa, Smart Siemens 24% Middle East Infrastructure Healthineers Asia, Australia (excluding Germany) By Industrial By Business Region 17% 27% 28% Mobility Americas 17% Digital Industries Germany 1 Commonwealth of Independent States Page 21 Unrestricted | © Siemens 2021 | February 2021 First quarter of fiscal 2021 (Slide 1 of 2) Key figures (Continuing operations; in millions Change of € except where otherwise stated) Q1 2021 Q1 2020 in % Q1 2021 Q1 2020 Volume Liquidity Orders 15,940 14,361 15%1 Free cash flow2 972 44 Revenue 14,071 13,675 7%1 Employees Dec. 31, Profitability and capital efficiency (in thousands) 2020 Net income2 1,498 1,089 38% Total 292 Return on capital employed Germany 90 13.2% 7.9% (ROCE)2 Outside Germany 202 1 Continuously adjusted for currency translation and portfolio effects | 2 Continuing and discontinued operations Page 22 Unrestricted | © Siemens 2021 | February 2021