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Vision 2020 –Five elements create Ownership culture

Vision 2020 –Five elements create Ownership culture 42
The Company 2nd Quarter I 2017 © Siemens AG 2017. All rights reserved. siemens.comDisclaimer This document contains statements related to our future business and financial This document includes supplemental financial measures – not clearly defined in IFRS – performance and future events or to developments involving Siemens that may that are or may be nonGAAP financial measures. These supplemental financial constitute forwardlooking statements. These statements may be identified by words measures should not be viewed in isolation or as alternatives to measures of Siemens’ such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” net assets and financial positions or to the results of operations as presented in “estimate,” “will,” “project” or words of similar meaning. We may also make forward accordance with IFRS in its Consolidated Financial Statements. Other companies that looking statements in other reports, in presentations, in material delivered to report or describe similarly titled financial measures may calculate them differently. shareholders and in press releases. In addition, our representatives may from time to Due to rounding, numbers presented throughout this and other documents may not add time make oral forwardlooking statements. Such statements are based on the current up precisely to the totals provided, and percentages may not precisely reflect the expectations and certain assumptions of Siemens’ management, of which many are absolute figures. beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to, those described in disclosures, in particular in the chapter Risks in Siemens’ Annual Report. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur 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 forwardlooking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forwardlooking statements in light of developments which differ from those anticipated. © Siemens AG 2017 Page 2 May 2017 siemens.comOur founder Werner von Siemens 1816 – 1892 Werner von Siemens was a responsible entrepreneur and farsighted inventor whose name soon became a household word around the world. Far ahead of his time, he recognized and fostered the link between science and technology. “In my youth, I dreamed of founding an enterprise of world standing comparable to that of the Fugger dynasty …” Werner von Siemens, 1887 © Siemens AG 2017 Page 3 May 2017 siemens.comSecond quarter of fiscal 2017 – Key figures Key figures for Siemens (Q2 2017 Q2 2016) (Continuing operations; in millions of € 1 except where otherwise stated) Q2 2017 Q2 2016 Change in Q2 2017 Q2 2016 Volume Liquidity 2 Orders 22,629 22,294 1 Free cash flow 738 812 Revenue 20,219 18,996 5 Employees (in thousands) Sept. 30, 2016 Total Profitability and capital efficiency 351 2 Net income Germany 1,483 1,480 0 113 2 Return on capital employed (ROCE) 13.3 14.9 Outside Germany 238 1 Portfolio changes and currency effects adjusted 2 Continuing and discontinued operations Results of operations (Q2 2017) Industrial Business 4 Building Digital Factory Energy Mobility Power Process Wind Power Healthineers Financial Technologies Management and Gas Industries and Services 3 and Drives Renewables (SFS) (in millions of €) Orders 1,632 2,864 3,558 2,151 3,855 2,299 3,142 3,369 Revenue 1,604 2,706 2,996 2,022 4,104 2,185 1,516 3,441 5 Profit 235 482 225 213 461 134 155 588 207 6 Profit margin 14.7 17.8 7.5 10.5 11.2 6.1 10.3 17.1 26.3 3 for the last time reported as a Division, as of Q3 2017 Siemens Gamesa Renewable Energy 4 Separately managed 5 Income before income taxes 6 Return on equity (RoE) © Siemens AG 2017 Page 4 May 2017 siemens.comFiscal 2016 – Key figures Key figures for Siemens: Fiscal 2016 Revenue by industrial business (Continuing operations; in millions of € Healthineers 17 Power and Gas 20 except where otherwise stated) Fiscal 2016 Fiscal 2015 Change in Volume Wind Power and Process Industries Orders 86,480 82,340 5 Renewables 7 and Drives 11 Revenue 79,644 75,636 5 Energy Management 15 Digital Factory 13 Profitability and capital efficiency Building 1 Net income 5,584 7,380 (24) Mobility 10 Technologies 8 1 Return on capital employed (ROCE) 14.3 21.0 Not included: Financial Services (SFS) Liquidity 1 Free cash flow 5,476 4,674 Revenue by region 2 Asia, Australia 19 Europe, CIS , Africa, Employees (in thousands) Sept. 30, 2016 Sept. 30, 2015 Middle East Total 351 348 (without Germany) 39 Germany 113 114 Outside Germany 238 234 Americas 29 Germany 13 1 Continuing and discontinued operations 2 Commonwealth of Independent States © Siemens AG 2017 Page 5 May 2017 siemens.comGlobal presence Share of total Americas worldwide 1 Revenue €22.7 billion 29 2 Employees 72,600 21 Share of total Germany worldwide 1 Revenue €10.7 billion 13 2 Employees 113,400 32 Europe (excluding Germany), 3 Share of total CIS , Africa, Middle East worldwide 1 Revenue €31.1 billion 39 2 Employees 102,300 29 Share of total Asia, Australia worldwide 1 Revenue €15.1 billion 19 2 Employees 62,700 18 Close to customers 1 by customer location 2 as of September 30, 2016 all over the world 3 Commonwealth of Independent States All figures refer to continuing operations. © Siemens AG 2017 Page 6 May 2017 siemens.comMegatrends – Challenges that are transforming our world Digitalization In the future, we’ll be living in a world that’s increasingly interconnected by complex and heterogeneous systems. By 2020, the amount of data stored worldwide will have grown to 44 zettabytes. Around 50 billion devices will be linked online. Source: IDC, The Digital Universe of Opportunities: Rich Data and the Increasing Value of the Internet of Things, April 2014; Dave Evans (Cisco): The Internet of Things, How the Next Evolution of the Internet Is Changing Everything, April 2011 © Siemens AG 2017 Page 7 May 2017 siemens.comMegatrends – Challenges that are transforming our world Globalization Global competition is impacting productivity and production locations. In 2015 the estimated gross domestic product was approximately US 73.2 billion. Source: UNCTAD Statistics, Values and shares of merchandise exports and imports from 1948 to 2014, November 10, 2015 © Siemens AG 2017 Page 8 May 2017 siemens.comMegatrends – Challenges that are transforming our world Urbanization In 2050, nearly 70 percent of the global population will be living in cities (up from 54 percent today). Each year, the world’s cities grow by about 50 million people. As a result, metropolitan areas are increasingly investing in infrastructure. Source: United Nations, World Urbanization Prospects. The 2014 Revision, New York, published 2015 © Siemens AG 2017 Page 9 May 2017 siemens.comMegatrends – Challenges that are transforming our world Demographic change By 2050, the global population will have grown from the current level of 7.3 billion to 9.7 billion – and needs will rise accordingly. Back in 1950, there were only 2.5 billion people on the planet. In addition, average life expectancy will have risen from today’s figure of 73 years to 83 years by 2050. Source: United Nations, Department of Economic and Social Affairs, Population Division (2015). World Population Prospects: The 2015 Revision, Key Findings and Advance Tables. Working Paper No. ESA/P/WP.241; Statista: World Population, 2016 © Siemens AG 2017 Page 10 May 2017 siemens.comMegatrends – Challenges that are transforming our world Climate change According to scientists, in the summer of 2015, the Earth’s atmosphere had the highest CO concentration in 800,000 2 years. In 2015 the UN Climate Change Conference in Paris resolved to limit global warming made by humans to well below 2°Celsius. Source: SCRIPPS INSTITUTE OF OCEANOGRAPHY, “The Keeling Curve”, November 11, 2015 © Siemens AG 2017 Page 11 May 2017 siemens.comMilestones of a 170year history 1866 1959 1983 2012 1816 – 1892 The dynamo makes SIMATIC makes First magnetic resonance Test operation of the Company founder, electricity part of Siemens a leader in imaging scanner goes world’s largest rotor for visionary and inventor everyday life automation technology into operation offshore wind turbines Werner von Siemens Siemens innovations over the past 170 years 1847 1925 1975 2010 2016 Pointer telegraph Siemens electrifies Breakthrough of TIA Portal takes World’s most lays the foundation the Irish Free State highvoltage direct automation a stage efficient combined of Siemens as a with a hydroelectric current (HVDC) further cycle power plant global company power plant transmission © Siemens AG 2017 Page 12 May 2017 siemens.comOur claim “Ingenuity for life” “Ingenuity” stands for innovation, engineering and genius. For us, it also includes unity: We are united in our efforts, and we are committed to partnering with our customers. “For life” relates to our role in society: to make real what matters. “Ingenuity for life” is therefore our unrelenting drive and promise to create value for customers, employees and society. © Siemens AG 2017 Page 13 May 2017 siemens.comWhat we stand for – Our mission © Siemens AG 2017 Page 14 May 2017 siemens.comVision 2020 – our company’s strategy program Value Scale up Strengthen core Drive performance Foster ownership culture and leadership based on common values 2015 2016 2017 2018 2019 2020 Strategic Operational Accelerated growth Optimization direction consolidation and outperformance © Siemens AG 2017 Page 15 May 2017 siemens.comVision 2020 – Our focus is EAD – and there is strong growth in “D” Revenue FY 2016 Market CAGR Strategic direction FY1720 Siemens software Digital services Digitalization Strengthen leadership  Leader €3.3bn €1.0bn by combining software, +8 platforms services Cloud data platform: MindSphere 1 +12 Enhanced Classic services Automation Expand 1 position automation  Global 1 €17bn and utilize for +34 €18bn digitalization Enhanced Electrification Differentiate through electrification  Leader enhanced offerings with +12 €42bn automation digitalization Note: Figures based on Industrial Business 1 Growth FY15 to FY16, rebased © Siemens AG 2017 Page 16 May 2017 siemens.comStrengthen portfolio: We’re sharpening our business focus in electrification, automation and digitalization • Added value for our customers increasingly lies in software solutions and Digitalization digital services and platforms • We want to exploit the opportunities offered by digitalization even better • In automation we’ve already captured leading market positions worldwide Automation • We’ve been successfully automating customer processes for years • We intend to maintain and expand these positions Electrification • Our roots are in electrification. We’re a leader in this field • We’re well positioned along the value chain of electrification • We’re capitalizing on a growing installed base and creating customer value through profitable service business © Siemens AG 2017 Page 17 May 2017 siemens.comVision 2020 – Clear intents for our seven overarching goals GOAL INTENT KPI Implement stringent company gover Live lean governance and €1bn cost savings by FY 2016 achieved, nance with effective support functions drive continuous optimization continued productivity of 35 1 Tap growth fields Strengthen Sharpen our business focus in portfolio electrification, automation, and digitalization 2 8 margin in underperforming businesses 1520 ROCE Execute financial Grow our company value target system 3 Growth most relevant competitors Expand global Get closer to our customers 30 of Division and BU management management and markets outside Germany 4 Be a partner of choice Foster an intimate and trusting partnership ≥ 20 improvement in Net Promoter Score 1 for our customers with our customers 5 Be an employer Unleash the full potential 75 approval rating in “leadership” of choice of our people and “diversity” in SGES 6 Foster Ignite pride and passion for Siemens, ≥ 50 increase in number Ownership Culture of employee shareholders through a new mindset and equity ownership 7 © Siemens AG 2017 Page 18 May 2017 siemens.comInnovation is our lifeblood Investment in research and development 1 RD expenditures €4.7 billion 1 RD intensity 5.9 RD employees 33,000 1 (worldwide) Inventions and patents 1 Inventions 7,500 1 Patent first filings 3,500 Patents granted 60,000 as of September 30, 2016 University partnerships Center of Knowledge 9 1 Interchange (CKI) universities 1 Principal Partner universities 16 1 in fiscal 2016 © Siemens AG 2017 Page 19 May 2017 siemens.comInnovation – our digital portfolio Design engineering Automation operation Maintenance services Siemens Software Siemens Digital Services Sinalytics Apps MindSphere – the IoT operating system Digitally enhanced Electrification and Automation © Siemens AG 2017 Page 20 May 2017 siemens.comThe next generation of innovation – A separately managed unit for startups Collaboration with startups Capital volume €1 billion for five years In October 2016, Siemens set up a separate unit to foster disruptive ideas Cooperate Invest Found more vigorously and to accelerate the development of new technologies. Selected innovation fields The unit’s name, next47, plays on the fact that Siemens was founded in 1847. We are using next47 to pool our existing startup activities. Artificial Autonomous intelligence machines Distributed Connected Blockchain electrification (e)mobility applications © Siemens AG 2017 Page 21 May 2017 siemens.comBeing an employer of choice Siemens’ EuropeansSiemens program Siemens invests enables more than 100 young people from about €500 million EU countries as well as Turkey, Egypt, each year in the Algeria, Morocco and South Africa to training and participate in workstudy programs in education of Germany in the fields of electronics and employees. mechatronics. 165,000 Siemens employees In FY 2016, 6,735 young own company shares and are thus Siemens employees were coowners of the company. enrolled in workstudy programs that combine academic learning with practical experience. © Siemens AG 2017 Page 22 May 2017 siemens.comSustainability is a key enabler of Vision 2020 Environment • Resource conservation • Product stewardship We make real what matters by enhancing responsible • Decarbonization business practices, preserving the environment and developing people and society. Decarbonization • Environmental Portfolio helped our customers to reduce their CO2footprint by 521 million tons in FY16 • Siemens aims to become carbon neutral by 2030 Health Safety Responsible Business Practices People and Society • Our goal: Every • Sustainable Supply Chain • Diversity employee should rely on an intact and safe • Human Rights • Education working environment to • Compliance • Corporate return healthily and safely to their family and Citizenship friends • Business to Society • Programs: Compliance System • Health Safety HealthySiemens and • Effective prevention, detection, and response to Zero Harm Culture compliance violations (Zero tolerance principle) • The 100 Mio. US Siemens Integrity Initiative supports clean business worldwide © Siemens AG 2017 Page 23 May 2017 siemens.comSustainability – Siemens aims to be netcarbonneutral by 2030 We are investing over €100 million in measures Drive energyefficiency program to reduce our carbon footprint Increase energy efficiency in factories, employ sustainable technologies in new buildings Leverage distributed energy systems 50 100 million Reduce energy costs and CO emissions 2 2.2 tons CO 2 million Reduce fleet emissions tons CO 2 1.7 Utilize potential of lowemission cars in fleet, including electromobility Electricity Purchase green energy Move toward a significantly cleaner power mix with a Heating / strong focus on renewable energy and highly efficient gas Process heat Fleet Other Independent auditors will monitor and report on progress of implementation 2014 2016 2020 2030 © Siemens AG 2017 Page 24 May 2017 siemens.comSustainability – Corporate Citizenship: Embracing our responsibility to society Since 2008, we have reserved 10 percent Our social commitment takes many forms, of our apprenticeships in Germany for disadvantaged young people. Vocational including donations, foundations, disaster training and integration are key enablers for relief, employee volunteering activities, overcoming social exclusion. About 90 sponsorships and educational programs. percent of these trainees complete their courses successfully. corporatecitizenship.html Supporting refugees is part of We train employees locally. our responsibility to society. For In India, for example, we plan example, we offer professional to train 108 apprentices a year. orientation through internships, In Egypt, we are building a provide accommodations, make training center for employees donations and hold preparatory and customers. In South Africa, classes for young refugees. we built and equipped the Mandela School of Science Technology. © Siemens AG 2017 Page 25 May 2017 siemens.comVision 2020 – Five elements create Ownership culture Values – Our foundation • Responsible • Excellent Equity • Innovative Supports a sense of longterm, output and profit orientation Behaviors • Respect Ownership • Focus culture • Initiative and execution People orientation • Empowerment and trust Leadership • Honesty, openness and • Be bold, decisive and courageous collaboration • Exemplify “Siemens matters” • Motivate and engage © Siemens AG 2017 Page 26 May 2017 siemens.comManagement Managing Board of Siemens AG Joe Kaeser Roland Busch Lisa Davis Klaus Helmrich Janina Kugel Cedrik Neike Michael Sen Ralf P. Thomas President and Chief Chief Technology Chief HR Officer Chief Financial Officer Executive Officer Officer 1 Governance and CIS Americas Africa Human Resources Asia, Australia Global Services Controlling and Markets Finance 2 Middle East Power and Gas Europe Energy Management Healthineers Communications Financial Services Building Technologies Power Generation Digital Factory Siemens Gamesa 2 Legal and Compliance Services Renewable Energy Mobility Process Industries and Drives next47 Corporate Development Corporate Technology 1 Commonwealth of Independent States; 2 Separately managed © Siemens AG 2017 Page 27 May 2017 siemens.comManagement Divisions Willi Meixner Tim Holt Matthias Rebellius Jan Mrosik Bernd Montag CEO CEO CEO CEO CEO 1 Power and Gas Power Generation Building Technologies Digital Factory Healthineers Services Roland Chalons Markus Tacke Ralf Christian Jochen Eickholt Jürgen Brandes Browne CEO CEO CEO CEO CEO Siemens Gamesa Renewable Energy Management Mobility Process Industries 1 Financial Services Energy and Drives 1 separately managed © Siemens AG 2017 Page 28 May 2017 siemens.comOur business – Building Technologies The Building Technologies Division is a leading global provider of safe, energyefficient and environmentally friendly building and infrastructure technologies. As a technology partner, consultant, service provider, systems integrator and supplier, the Division offers solutions for fire safety, security, building automation, heating, ventilation and air conditioning (HVAC) as well as energy management. FY 2016 FY 2015 World leader for Orders in millions of € 6,435 6,099 building technologies Revenue in millions of € 6,156 5,999 1 Employees 27,700 27,100 1 as of September 30, 2016 © Siemens AG 2017 Page 29 May 2017 siemens.comOur business – Digital Factory The Digital Factory Division offers a comprehensive portfolio of seamlessly integrated hardware, software and technologybased services to support manufacturing companies worldwide in enhancing the flexibility and efficiency of their production processes and in reducing the time to market of their products. The ultimate goal is the complete integration and digital representation of the physical value chain. The platform for this is called Digital Enterprise. Helping the global manufacturing industry go FY 2016 FY 2015 Orders in millions of € 10,332 10,036 digital as companies move Revenue in millions of € 10,172 9,988 1 toward Industrie 4.0 Employees 45,000 43,500 1 as of September 30, 2016 © Siemens AG 2017 Page 30 May 2017 siemens.comOur business – Energy Management The Energy Management Division is one of the leading global suppliers of products, systems, solutions and services for the economical, reliable and intelligent transmission and distribution of electrical power. The Division’s portfolio ranges from systems for the lowvoltage and distribution power grid level to smart grids and energy automation solutions to power supplies for industrial plants and highvoltage transmission systems. FY 2016 FY 2015 Partner for efficient power Orders in millions of € 12,963 12,956 infrastructure Revenue in millions of € 11,940 11,922 1 Employees 52,400 52,400 1 as of September 30, 2016 © Siemens AG 2017 Page 31 May 2017 siemens.comOur business – Financial Services The Financial Services Division helps enterprise customers implement investment projects by providing projectrelated and structured financing as well as leasing and equipment financing. The success of Financial Services is built on a unique combination of risk competence, technological expertise and reliable financial resources. Through our international network of SFS companies, we provide – subject to country specific legal requirements – a diverse range of financial solutions. FY 2016 FY 2015 Financial solutions for Orders in millions of € 26,446 24,970 1 business customers Employees 3,200 3,200 1 as of September 30, 2016 © Siemens AG 2017 Page 32 May 2017 siemens.comOur business – Mobility The efficient, safe and environmentally friendly transportation of people and goods by rail and road – the Mobility Division bundles all of Siemens’ transportationrelated products, solutions and services. Advanced networked and ITbased mobility solutions and comprehensive knowhow are increasing infrastructure availability, optimizing route use and raising travel quality to new levels – by rail, on the road, or across multiple modes of transportation. FY 2016 FY 2015 Transportation solutions Orders in millions of € 7,875 10,262 for the future Revenue in millions of € 7,825 7,508 1 Employees 27,100 26,400 1 as of September 30, 2016 © Siemens AG 2017 Page 33 May 2017 siemens.comOur business – Power and Gas The Power and Gas Division offers utilities, independent power producers, engineering, procurement and construction companies (EPCs), and oil and gas customers a broad spectrum of products and solutions for the environmentally compatible and resourcesaving generation of power from fossil fuels and renewable sources of energy and for the reliable transportation of oil and gas. FY 2016 FY 2015 Leading in power Orders in millions of € 19,454 15,742 generation Revenue in millions of € 16,471 13,418 1 Employees 48,700 50,300 1 as of September 30, 2016 © Siemens AG 2017 Page 34 May 2017 siemens.comOur business – Process Industries and Drives With innovative, integrated technologies for the entire lifecycle, the Process Industries and Drives (PD) Division helps customers measurably increase productivity, shorten timetomarket, and improve the reliability, safety, and efficiency of products, processes and plants. All over the world, customers are benefiting from futureproof automation, drive technology, industrial software, and services based on bestinclass technology platforms. FY 2016 FY 2015 Productivity, reliability, safety, Orders in millions of € 8,939 9,144 flexibility, efficiency Revenue in millions of € 9,038 9,553 1 Employees 45,000 46,300 1 as of September 30, 2016 © Siemens AG 2017 Page 35 May 2017 siemens.comOur business – Siemens Healthineers 1 Siemens Healthineers enables healthcare providers around the world to deliver highquality patient care. As a leading global healthcare company, we’re continuously developing our portfolio, expanding our medical imaging and laboratory diagnostics offerings and augmenting them with a growing range of healthcare management, consulting and IT services – such as advanced therapeutic solutions and molecular invitro diagnostics. FY 2016 FY 2015 Nextgeneration Orders in millions of € 13,830 13,349 medical technology Revenue in millions of € 13,535 12,930 2 Employees 46,200 44,800 1 separately managed 2 as of September 30, 2016 © Siemens AG 2017 Page 36 May 2017 siemens.comOur business – Siemens Gamesa Renewable Energy 1 Siemens Gamesa Renewable Energy is a leading supplier of reliable, environmentally friendly, and costefficient renewable energy solutions. The wind turbines offered by Siemens Gamesa Renewable Energy are a worthwhile investment from both a financial and an environmental perspective. Our wind power solutions deliver clean, renewable energy from onshore and offshore installations all over the world. 3 3 FY 2016 FY 2015 World market leader in Orders in millions of € 7,973 6,136 offshore wind power Revenue in millions of € 5,976 5,660 2 Employees 14,500 12,800 1 separately managed 2 as of September 30, 2016 3 figures based on the former Division Wind Power and Renewables © Siemens AG 2017 Page 37 May 2017 siemens.comA strong partner all around the world – Germany 1 Beginning in 2020, DB Regio AG will • Provided 500,000 jobs operate its Rhine Valley rail network with 1 • Generated gross added value of €50 billion 39 regional trains supplied by Siemens. • Invested €97 million per year in employees The order comprises 15 Desiro HC and 24 Mireo trains. This is the first order for FY 2016 FY 2015 vehicles based on the new articulated 2 Revenue in billions of € 10.7 11.2 Mireo regional train platform that was 3 Employees 113,400 114,000 recently premiered at Innotrans. 1 directly, indirectly and indexed 2 from customers in Germany 3 as of September 30, 2016; continuing operations Siemens is building the EnBW Hohe In March, the cornerstone was See offshore wind farm, which laid for the service and comprises 71 sevenmegawatt wind maintenance depot being built for turbines. The turbines are being Rhine Ruhr Express (RRX) trains manufactured at Siemens’ new nacelle in Dortmund. Test operations will plant in Cuxhaven. The wind farm, begin at the depot in 2018. The which will begin operation in 2019, will facility will be the service and generate 497 megawatts of electricity maintenance center for all 82 for 560,000 households. RRX trains for the next 32 years. © Siemens AG 2017 Page 38 May 2017 siemens.comA strong partner all around the world – 1 2 Europe, CIS, Africa, Middle East Siemens is supplying electrical equipment for • More than 20 of all industrial processes in South Africa’s first automated container terminal. Africa operate using control systems from Siemens Located in Tangier (Morocco), the terminal will • Over the past ten years, Siemens has invested be able to accommodate container ships that nearly €1 billion in Russia have a capacity of up to 20,000 twentyfoot FY 2016 FY 2015 equivalent units (TEUs). The order includes 3 Revenue in billions of € 31.1 27.6 electrical and automation systems as well as 4 Employees 102,300 98,800 32 automated stacking cranes. 3 from customers in Europe (excluding Germany), CIS, Africa, Middle East Copyright: APMT 4 as of September 30, 2016; continuing operations Siemens is building a link The world's first batterypowered between the French and British fish farming boat is now in power grids. When operation in Norway. Siemens commissioned at the beginning supported local shipbuilder Ørnli of 2020, the ElecLink will be 51 Slipp by developing and kilometers long. Located in the supplying the boat’s complete Channel Tunnel, it will increase electrical propulsion and control power transmission capacity by systems. 50 percent. 1 excluding Germany 2 Commonwealth of Independent States © Siemens AG 2017 Page 39 May 2017 siemens.comA strong partner all around the world – The Americas Siemens is supplying a total of 12 gas • 50 of Brazil’s electricity is generated by Siemens turbines for four industrial power plants in systems Argentina on a turnkey basis. Six industrial • Over the past 15 years, Siemens has invested about Trent 60 turbines are being installed at two 35 billion in the U.S. plants in the Buenos Aires area. The FY 2016 FY 2015 remaining six turbines are being installed at 1 Revenue in billions of € 22.7 21.7 plants in San Pedro and Zarate. The 12 2 Employees 72,600 73,500 turbines will generate a total of 690 1 from customers in the Americas megawatts of electricity. 2 as of September 30, 2016; continuing operations Siemens hosted Innovation Day 2017 Siemens is modernizing four in Princeton, New Jersey, on March drive systems at ore mills 27. The event showcased the belonging to Chilean mining company’s latest innovations and company Compañía Minera projects – and their applications. Doña Inés de Collahuasi SCM. Experts also discussed trends such as The new systems will boost the artificial intelligence and autonomous mills’ reliability and greatly systems. increase their throughput. Copyright: “Presidencia de la Nacion” (Argentina) © Siemens AG 2017 Page 40 May 2017 siemens.comA strong partner all around the world – Asia, Australia The Indian utility Power Grid Corporation of • 30 of China’s energy is generated by Siemens India Ltd. has commissioned Siemens to systems supply three large reactive power • Siemens has manufacturing operations at compensation systems of the SVC Classic 22 locations in India series. Two of the three systems began FY 2016 FY 2015 operation at the end of 2016 in order to 1 Revenue in billions of € 15.1 15.1 meet the growing demand for electrical 2 Employees 62,700 61,500 power and improve grid stability. 1 from customers in Asia, Australia 2 as of September 30, 2016; continuing operations Siemens and Sumitomo Electric have Siemens has been received an order to supply an HVDC link commissioned to supply a gas in South India. The link, which will be turbine and generator for the about 200 kilometers long, will be India’s Sirajganj III combined cycle first DC link to feature voltagesourced power plant in Bangladesh. converter (VSC) technology. VSC, which is Financial Services (SFS) is the latest innovation in HVDC technology, supporting the project with a offers very stable and highly flexible construction loan of up to USD80 reactive power control. million. © Siemens AG 2017 Page 41 May 2017 siemens.comContact Siemens AG CC TL SP Wittelsbacherplatz 2 80333 Munich Germany For further information: © Siemens AG 2017 Page 42 May 2017
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