Siemens Energy Company presentation November 2020 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020 Information and forward-looking statements This document contains statements related to our future business and financial Siemens Energy neither intends, nor assumes any obligation, to update or revise performance, and future events or developments involving Siemens Energy that these forward-looking statements in light of developments which differ from those may constitute forward-looking statements. These statements may be identified anticipated. This document includes supplemental financial measures – that are by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” not clearly defined in the applicable financial reporting framework – and that are “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. We or may be alternative performance measures (non-GAAP-measures). These may also make forward-looking statements in other reports, prospectuses, in supplemental financial measures should not be viewed in isolation or as presentations, in material delivered to shareholders, and in press releases. In alternatives to measures of Siemens Energy´s net assets and financial position addition, our representatives may from time to time make oral forward-looking or results of operations as presented in accordance with the applicable financial statements. Such statements are based on the current expectations and certain reporting framework in its consolidated financial statements. Other companies assumptions of Siemens Energy´s management, of which many are beyond that report or describe similarly titled alternative performance measures may Siemens Energy´s control. These are subject to a number of risks, uncertainties, calculate them differently. Due to rounding, numbers presented throughout this and other factors, including, but not limited to, those described in disclosures, in and other documents may not add up precisely to the totals provided and particular in the chapter “Report on expected developments and associated percentages may not precisely reflect the absolute figures. material opportunities and risks” in 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 these risks or uncertainties materialize, should acts of force majeure, such as pandemics, occur, or should underlying expectations including future events occur at a later date or not at all, or should assumptions prove incorrect, Siemens Energy´s actual results, performance, or achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Company Presentation 2 2020-11-16 © Siemens Energy, 2020 1 2 3 4 Our purpose Our set up Our businesses Our strategy Company Presentation 3 2020-11-16 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020 Demographic change Climate change are drastically changing our environment. Company Presentation 4 2020-11-16 © Siemens Energy, 2020 At the same time, we expect a … >50% increase in global electricity generation by 2040 And still … 770 million people are living without access to electricity Source: IEA WEO 2020 IEA report from October 2020 | https://www.iea.org/reports/sdg7-data-and-projections/access-to-electricity Company Presentation 5 2020-11-16 © Siemens Energy, 2020 How can we meet the growing demand for electricity while protecting our climate? This is where we come in. Company Presentation 6 2020-11-16 © Siemens Energy, 2020 energizeWe society by supporting our customers in transitioning to a more sustainable world, based on our innovative technologies and our ability to turn ideas into reality. Company Presentation 7 2020-11-16 © Siemens Energy, 2020 1 2 3 4 Our purpose Our set up Our businesses Our strategy Company Presentation 8 2020-11-16 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020 We are a world leader in energy Present in ~1/6 >50% of global electricity generation >90 countries decarbonized portfolio based on our technology 9 2020Siemens-11- 16Energy is a registeredSiemens trademark Energy is licensed a registered by Siemens trademark AG. licensed by Siemens AG. © Siemens Energy, 2020 Our setup The leading pureplay energy company Our offering Across the value chain Broad technology portfolio Products Generation From Solutions Transmission Conventional Services Storage to Renewables Siemens Energy AG Siemens Gamesa Gas and Power (“GP”) Renewable Energy (“SGRE”) Generation Industrial Transmission New 67% owned Applications Energy Onshore Offshore Central Distributed Company Presentation 10 2020-11-16 © Siemens Energy, 2020 Our setup Innovative products support customers in transitioning to a more sustainable world Industrial New Energy Generation Applications Transmission SGRE Business NET ZERO up to 60% SF6-FREE >260 Mt 100% H2 through hybrid H2 capable gas portfolio that is GHG savings p.a. Enabling hydrogen power plants turbine portfolio1 market-leading to customers economy 1 Up to 60 vol.% dry low emission H2 capability for SGT-600 Company Presentation 11 2020-11-16 © Siemens Energy, 2020 Our setup Solution competence helps to transform entire societies Egypt Iraq Bolivia Khormala Burullus 40 m Kirkuk 38 m 11 m New Capital people Al-Rashhed people Entre Rios people Beni Suef Al-Sadder De Warnes Mussaib Rumalla Del Sur • >$1 bn annual cost savings • 11 GW being added to national grid • >1 GW added to local grid • 3 power plants gas-fired, • 13 substations and 35 power • 23 SGT-800 gas turbines and combined cycle transformers 11 SST-400 steam turbines • 6 gas-insulated substations • 500 MW gas-fired power plant • 25 transformers • Local service and training center • Local service and training center Company Presentation 12 2020-11-16 © Siemens Energy, 2020 Our setup Market-leading services are the core for future value creation • Growing business with record service backlog Gas & Power Service €35 bn backlog • Key profit contributor Service • Key focus area for R&D 1 €8 bn revenue • Expanding digital offering Service • Focus on holistic and profitable Long Term 2 42% revenue share Service Programs (LTPs) SGRE Service €12 bn backlog Service €1.6 bn revenue Service is the backbone Service 16% revenue share2 of Siemens Energy 1 €(0.3) bn reconciliation of divisional revenues to Gas & Power | 2 Service share calculated based on segment's total revenue Company Presentation 13 2020-11-16 © Siemens Energy, 2020 Our setup Sustainability is at the core of our actions Our commitments … Climate neutral Gender diversity Green electricity Safety leader in own operations by 2030 25% by 2025 | 30% by 2030 100% of own power leading safety performance (females in management level 1 and 2) consumption by 2023 in our industry … supporting the UN Sustainable Development Goals Company Presentation 14 2020-11-16 © Siemens Energy, 2020 Our setup Our values and behaviors are key Focus on the customer We listen to our customers and adapt our solutions and processes to fit their needs. Decisively move forward Caring We move fast with simplicity, focus, and ownership for decisions, also under Respectful uncertain conditions. Agile Be open and inclusive We listen respectfully to learn from others and leverage our differences to innovate Accountable for better solutions. Build strong partnerships We care for others and deliver on our promises to win trust from our colleagues, our customers, and our communities. Company Presentation 15 2020-11-16 © Siemens Energy, 2020 Our setup A strong management team Executive Board Christian Bruch Maria Ferraro Tim Holt Jochen Eickholt President and Chief Financial Officer Executive Board Member Executive Board Member Chief Executive Officer Executive Board Member Segment Manager Segment Manager Gas and Power | SGRE Gas and Power Siemens Siemens Gamesa Gas and Power Renewable Energy Segment Management: Jochen Eickholt, Tim Holt Segment Management: Tim Holt Industrial applications Generation Transmission New Energy Business Thorbjörn Karim Beatrix Armin Andreas Fors Amin Natter Schnettler Nauen EVP EVP EVP SVP CEO Martin Michael Jörg Boris Thomas Welter Becker Steinhäuser Tramm Spannring EVP FINANCE EVP FINANCE EVP FINANCE SVP FINANCE act. CFO1 1 Beatriz Puente was appointed as CFO effective from 2020-12-01. Company Presentation 16 2020-11-16 © Siemens Energy, 2020 1 2 3 4 Our purpose Our setup Our businesses Our strategy Company Presentation 17 2020-11-16 Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2020 Our businesses The energy value chain Company Presentation 18 2020-11-16 © Siemens Energy, 2020 Generation We offer a broad portfolio of products, solutions and services for central and distributed power generation. Our product portfolio comprises gas and steam turbines, generators and gas engines as well as instrumentation & controls and electrical systems. A comprehensive set of services covering performance enhancements, maintenance services, customer training and professional consulting complement its products and solutions businesses. siemens-energy.com/generation Positioning Service Energy transition Value A market leader with strong Resilient service business Driving the energy transition by Value generation by cost- global presence, high customer with strong backlog, attractive distributed offering and out programs, footprint intimacy