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The Company

Oktober 2015

Key figures for the third quarter of fiscal 2015 –

Siemens at a glance

(continuing operations; in millions of €,

except where otherwise stated) Q3 2015 Q3 2014 % Change

Volume

Orders 19,858 19,110 -5 %1

Revenue 18,844 17,518 -3 %1

Profitability and Capital efficiency

Net income2 _{1,376 1,399 -2 %}

Return on capital employed (ROCE)2 _{14.0 % 17.2 %}

Q3 2015 Q3 2014

Liquidity

Free Cash Flow2 _{684 1,048}

Employees(in thousands) 30 June 2015

Total (continuing operations) 348

Germany 114 Outside Germany 234 (in millions of€) Industrial Business Power and Gas Wind Power and Renewables Energy Manage-ment Building Technolo-gies Mobility Digital Factory Process Industries and Drives Healthcare (separately managed) Financial Services (SFS) Orders 3,571 693 3,464 1,544 2,821 2,536 2,295 3,318 287 Revenue 3,213 1,416 2,964 1,496 1,817 2,499 2,509 3,246 287 Profit 289 51 110 119 105 436 165 549 116 Profit margin 9.0 % 3.6 % 3.7 % 8.0 % 5.8 % 17.4 % 6.6 % 16.9 % 15.7 %1

Results of operations (Q3 2015)

Key figures Siemens (Q3 2015 | Q3 2014)

Key figures for fiscal 2014 –

Siemens at a glance

Revenue by industrial business

Revenue by region

Healthcare 16% Process Industries and Drives 13% Digital Factory 13% Mobility 10% Building Technologies 8% Energy Management 15%

Wind Power and Renewables 8% Power and Gas 18%

Not included: Financial Services (SFS)

Europe, C.I.S.3_{, Africa,}

Middle East (without Germany)39%

Germany 15% Asia, Australia 20%

Americas26%

(continuing operations; in millions of €,

except where otherwise stated) FY 2014 FY 2013 % Change1

Volume

Orders 78,350 79,755 1%

Revenue 71,920 73,445 1%

Profitability and capital efficiency

Net income2 _{5,507 4,409 25%}

Return on capital employed (ROCE) 17.2% 13.7%

Liquidity

Free cash flow2 _{5,201 5,328} (in thousands) Sep. 30, 2014 Sep. 30, 2013

Employees

Total (continuing operations) 343 348

Germany 115 117

Outside Germany 229 231

Key figures Siemens FY 2014

Global presence –

Close to customers all over the world

26% 20% 26% Share of total worldwide

€18.8bn

70,000

76

Americas 38% 29% 25% Share of total worldwide

€27.9bn

96,000

70

Europe (excluding Germany), CIS, Africa, Middle East

15% 33% 24% Share of total worldwide

€10.9bn

115,000

69

Germany 20% 18% 26% Share of total worldwide

€14.4bn

62,000

74

Asia, Australia

168 years of history –

Milestones

2015 Somatom Force 2010 Biograph mMR 2013 PLM Software 1881 Electric streetcar 1985 ICE – top speed 300 km/h 1988 Megabit chip 1962 Thyristors for energy transmission 1974 Computed tomography scanner 1847 Werner von Siemens founds the company 1847 Pointer telegraph 1879 Electric train 1866 Dynamo 1840 1881 Telephone switchboard 1850 1860 1870 1880 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 1959 Simatic (electronic automation) 1953 High-purity silicon 1965 Integrated circuit 1958 Heart pacemaker 1935 Coaxial cable 1924 Traffic light 2009 World record gas turbine, 370 MW 2000 Wind turbine rotor blades in one cast 2000 syngo user interface 1939 Electron microscope

Megatrends –

Challenges that transform our world

Globalization

Since 2000, the volume of world trade has nearly

doubled.

Urbanization

By 2050, 70 percent of the world’s population will live in cities. (2009: 50 percent)

Demographic change

The earth‘s population will increase from 7.3 billion people today to

9.6 billion in 2050. Average life expectancy will then be 82 years.

Climate change

In 2013, scientists measured the

highest CO₂ concentrationin the atmosphere in 800,000 years.

Digitalization

By 2020, the digital universe will reach 44 zettabytes – a 10-fold

Digitalization –

The great paradigm shifter

Virtual world

Insights from 16TB+ operations data per month

0101001010010110010101101101011001010 101101011001010 10110010101101101011001010 010010110010101101101011001010 11001010 01010010110010101101101011001010 101101101011001010 0101001010010110010101101101011001010 01101101011001010 01101011001010 01010010100101101010010101101101011001010 101011001010 0101001010010110010101101101011001010 01101011001010 0101001010010110010101101101011001010 010110010101101101011001010

Physical world

Siemens installed base – 280k connected devices

Fleet management

Meter Data Management

Neural networks

Smart grids

Autonomous fault recovery

PLM

Collaboration in the cloud

CAx

Embedded software

Image-guided therapy

Imaging software

Decision support

Traffic management

Efficient buildings

Analytics

e-Tolling MES

Digital Factory

Digitalisierung –

Technologies for growth

Connectivity and Internet of Things Mobile and

collaboration

Big data and analytics Cloud technologies

€2.4bn

Revenue FY 2014 Profita-bility

++

Market growth

+9%

€0.5bn

Revenue FY 2014 Profita-bility

+++

Market growth

+15%

~€37bn

Vertical software Digital services

Enhanced electrification

Digitalization

Electrification

€19bn

Revenue FY 2014 Profita-bility

++

Market growth

+6%

€14bn

Revenue FY 2014 Profita-bility

+++

Market growth

+3%

Classic services Enhanced automation

Automation

€14bn

Digitalization –

New opportunities in the service business

~120,000 Gas & steam turbines and compressors1

~530,000 Healthcare systems in vivo/vitro

~283,000 Mobility systems

‒ Push analytics based services to enhance classic services (e.g., prediction of service needs)

‒ Expand remote services

(already 280k connected devices)

‒ Drive profitable performance-based contracts ‒ Optimize delivery to drive service margin

Leverage strengths of our global

installed base

Siemens service business

Key priorities in service business

Market growth (CAGR FY 2014-20) FY 2014 ~ €14bn Classic services ~ €0.5bn Digital services

+15%

+3%

Vision 2020 –

A clear mission

Our mission

We make real what matters,

by setting the benchmark

in the way we

electrify, automate and digitalize

the world around us.

Ingenuity drives us

and what we create is yours.

Together we deliver.

Making real

what matters

Vision 2020 –

A lived ownership culture

Ownership

culture

Equit

y

Supports a sense of long-term, output and profit orientation

Behaviours

Respect

Focus

Initiative and execution

Values

Our foundation Responsible Excellent Innovative

Leadership

Be bold, decisive and courageous

Siemens first

Motivate and engage

People orientation

Empowerment and trust

Honesty, openness and collaboration

Vision 2020 –

Employer of Choice

In fiscal 2014, over 9,000

young employees were

enrolled in Siemens dual education programs that combine learning in school and learning on the job.

Siemens spends over

€250 million every year on continuing education for employees. The program “Europeans@Siemens” allows some 30 young persons from other EU countries to receive a dual education in electronics or mechatronics in Germany. Siemens intends to extend the program to participants from outside the EU in the future.

144,000

employees are

also Siemens shareholders.

Vision 2020 –

A consistent strategy

Our strategy

With our positioning along the

electrification value chain, we have

know-how that extends from power

generation to power transmission,

power distribution and smart grid to

the efficient application of electrical

energy.

And with our outstanding strengths

in automation, we’re well

equipped for the future and the age

of digitalization.

Vision 2020 –

Electrification, automation and digitalization

Global trends

Digital

transformation

Globalization

Urbanization

Demographic

change

Climate change

Today Mid term– 2020

Electrification

~2–3%

market growth

Automation

Digitalization

~4–6%

market growth

~7–9%

market growth

Market development (illustrative)

Efficient Energy Application Power Transmission, Distribution & Smart Grid Power Generation Imaging & In-Vitro Diagnostics

Vision 2020 –

Selected growth fields

Flexible and small gas turbines

Offshore wind power

Distribution grid

automation and software

Urban and interurban

mobility

Business analytics and data-driven services,

software and IT solutions

Image-guided therapy and

molecular diagnostics

Key sectors in process industries

Vision 2020 –

Seven overarching goals

Implement stringent corporate governance Execute financial target system Be a partner of choice for our customers Foster an ownership culture Create value sustainably Expand global management Be an employer of choice billion by 2016 Goal: ROCE of most relevant competitors Goal: Growth Goal: Goal: improvement in Net Promoter Score increase in the number of employee shareholders Goal:

Tap growth fields and get underperforming businesses back on track Goal: of Division and Business Unit management outside Germany Goal:

approval rating in the categories Leadership and Diversity in our global engagement survey

50%

≥

20%

≥

20%

~

€1

15%

to

75%

>

30%

>

>

Goal: Cut costs by

Vision 2020 –

Milestones for the implementation of our strategy

2015 2016 2017 2018 2019 2020

Value

Foster ownership culture and leadership based on common values

Drive performance

Strengthen core

Scale up

Accelerated growth and outperformance Operational consolidation Strategic direction Optimization

Vision 2020 –

Innovation is our lifeblood

University cooperations –

our knowledge edge

Expenditures for research and development –

our greatest strength

Inventions and patents – securing our future

€4.4bn

R&D expenditures in FY 2015 – €400 million more than in FY 2014

28,800

R&D employees1

8,600

inventions1

4,300

patent applications1

€

€

7

CKI universities

15

principal partner universities Corporate Technology – our competence center for innovation and business excellence

7,800

employees worldwide

400

patent experts

5,100

software developers

1,600

researchers

Managing Board of Siemens AG

Vision 2020 –

The leadership team

1Commonwealth of Independent States 2Separately managed Corporate Development Governance & Markets Communications and Government Affairs Legal and Compliance

Americas Power and Gas Wind Power and Renewables Power Generation Services Asia Australia Energy Management Building Technologies

Mobility Human Resources

Africa Europe Digital Factory Process Industries and Drives Controlling and Finance Corporate Services Financial Services Corporate Technology CIS1 Middle East Healthcare2 Divisions Willi Meixner CEO Joe Kaeser President and Chief Executive Officer (CEO)

Lisa Davis Roland Busch Janina Kugel

Labor Director; Chief Diversity Officer

Klaus Helmrich Ralf P. Thomas

Chief Financial Officer (CFO) Siegfried Russwurm Chief Technology Officer (CTO)

Power and Gas

Markus Tacke

CEO

Wind Power and Renewables Randy Zwirn CEO Power Generation Services Ralf Christian CEO Jan Mrosik CEO Energy Management Matthias Rebellius CEO Building Technologies Jochen Eickholt CEO Mobility Anton Huber CEO Digital Factory Jürgen Brandes CEO Process Industries and Drives Bernd Montag CEO Healthcare2 Roland Chalons-Browne CEO Financial Services

Vision 2020 –

A customer-oriented setup

Efficient Energy Application Power and Gas Wind Power and Rene-wables Energy Manage-ment Building Techno-logies Mobility Digital Factory Process Industries and Drives Health-care (separately managed) Financial Services Power Generation Services Power Transmission and Distribution Power Generation Imaging & In-vitro Diag-nostics Corporate Core Corporate Services 30 Lead Countries Dresser-Rand Business

We offer a broad spectrum of products and solutions

for the environmentally compatible and resource-saving generation of electricity from fossil and renewable fuels and for the reliable transport of oil and natural gas. Our customers are utilities,

independent power producers and engineering, procurement and construction (EPC) companies as well as businesses in industries such as oil and gas.

siemens.com/ar/power-gas

Power and Gas –

Powerhouse in power generation

FY 2014 FY 2013

Orders in millions of € 13,996 15,100

Revenue in millions of € 12,720 14,016

Employees

Acquisitions strengthen Oil & Gas business –

Portfolio across entire value creation chain

Onshore

Offshore

Drilling O&G production Pipeline LNG

(Liquefied Natural Gas)

FPSO

(Floating, Production, Storage and Offloading) Subsea

Drilling

Siemens

Former Rolls-Royce Dresser-Rand

Wind Power and Renewables –

World market leader in offshore wind power

We’re one of the leading providers of solutions in the growing field of onshore and offshore wind power. To maximize cost-efficiency – a key factor in the industry – we’re further optimizing our manufacturing and logistics processes and driving innovations in plant technology. By rigorously adapting our offerings

to diverse regional conditions, we provide customers with optimized solutions that precisely meet their market-specific requirements.

siemens.com/ar/wind-renewables

FY 2014 FY 2013

Orders in millions of € 7,759 6,870

Revenue in millions of € 5,567 5,382

Employees

Energy Management –

Partner for efficient energy infrastructure

We’re one of the world’s leading suppliers of products, systems, solutions and services for the economical, reliable and smart transmission and distribution of electrical energy. As a trusted partner for the provision and expansion of efficient, sustainable energy infrastructure, we offer power utilities and industrial companies a portfolio that ranges from systems for low-voltage grids and distribution grids to solutions for smart grids and energy automation systems to power supply systems for industrial plants and high-voltage transmission systems.

siemens.com/ar/energy-management

FY 2014 FY 2013

Orders in millions of € 11,210 11,405

Revenue in millions of € 10,708 11,672

Employees

We’re the world’s leading provider of safe, secure, energy-efficient and eco-friendly buildings and infrastructures.

As a technology partner, consultant, service provider, systems integrator and product vendor, we have offerings for fire safety, security, building automation, heating, ventilation, air conditioning and energy management.

siemens.com/ar/building-technologies

Building Technologies –

World leader in building technologies

FY 2014 FY 2013

Orders in millions of € 5,587 5,769

Revenue in millions of € 5,569 5,754

Employees

We combine all Siemens businesses in the area of passenger and freight transportation – including rail vehicles, rail automation systems, rail electrification systems, road traffic technology and IT solutions. Our service offerings maximize vehicle and infrastructure availability. Our end-to-end portfolio is further augmented by turnkey project competencies as well as targeted financing solutions.

siemens.com/ar/mobility

Mobility –

Transportation solutions for the future

FY 2014 FY 2013

Orders in millions of € 9,280 9,707

Revenue in millions of € 7,249 5,823

Employees

The Digital Factory Division offers a comprehensive, seamlessly integrated portfolio of leading edge PLM software solutions and automation technologies covering the complete life cycle from product design and production execution to services. This

helps manufacturing companies all over the world to enhance the flexibility and efficiency of their processes and reduce time to market.

siemens.com/ar/digital-factory

Digital Factory –

Industrie 4.0 partner for manufacturers

FY 2014 FY 2013

Orders in millions of € 9,233 8,897

Revenue in millions of € 9,201 8,950

Employees

We’re building on our leading market position in the growth field of process industries and drives. With a clear focus on customer requirements now and in the future, we offer products, systems, solutions and services across entire life cycles for all industry sectors. As a trusted partner, we deliver the innovative and integrated technologies and the related industry expertise that ensure our customers’ competitiveness and sustainable growth.

siemens.com/ar/process-industries

Process Industries and Drives –

Increased productivity, shorter time to market

FY 2014 FY 2013

Orders in millions of € 9,968 9,695

Revenue in millions of € 9,645 9,834

Employees

We’re one of the world’s largest suppliers of technology for the healthcare industry and a leader in medical imaging, laboratory diagnostics and solutions for the healthcare IT.

Since October 1, 2014, Healthcare is separately managed within Siemens. This gives us greater entrepreneurial freedom to tailor our business processes to the needs of customers. Our aim is to help them meet the challenges of a changing business environment and successfully make the transition to next-generation healthcare.

siemens.com/ar/healthcare

Healthcare –

Next-generation medical technology

FY 2014 FY 2013

Orders in millions of € 12,126 12,338

Revenue in millions of € 11,736 11,983

Employees

We’re a provider of business-to-business financial solutions. We facilitate customer investments with leasing and equipment solutions as well as project and structured financing. In addition to providing capital for customers of Siemens and other companies, we also serve as an advisor and manager of financial risk within Siemens. Our combined financial and industry know-how creates value for our customers and enhances their competitiveness. By providing accompanying financing, we also build trust in new technologies and enable innovative business models

siemens.com/ar/sfs

Financial Services –

Optimal financial solutions for business customers

FY 2014 FY 2013

Orders in millions of € 21,970 18,661

Revenue in millions of € 2,148 1,938

Employees

‒ Siemens will manufacture 82 electric trains for the Rhine-Ruhr Express (RRX) and provide maintenance for 32 years. The total order volume is more than €1.7 billion.

‒ Siemens will provide network control technology to the

transmission grid operators Amprion and 50 Hertz. The technology will help to integrate the growing number of renewable energy sources, among other things.

‒ More than half of the power plants connected to Germany’s power grid use Siemens turbines and generators.

‒ About 1 percent of jobs in Germany are directly or indirectly linked to Siemens.

A strong partner, everywhere in the world –

Germany

FY 2014 FY 2013

Revenue (by customer location) in millions of € 10,857 10,652

Employees

(as of September 30, 2014;

France and Spain: Siemens has built a high voltage direct current (HVDC) transmission link between France and Spain. The transmission system will double the energy exchange capacity between the two countries.

Russia: Russian Railways has awarded Siemens contracts to manufacture 240 regional trains and to provide maintenance for 40 years.

South Africa: Siemens will provide 157 wind turbines for three projects in the Northern Cape province.

Egypt: Siemens will provide high-efficiency power plants and wind power installations for Egypt with a total power generation capacity of 16.4 gigawatts.

A strong partner, everywhere in the world –

Europe, CIS, Africa, Middle East

FY 2014 FY 2013

Revenue (by customer location) in millions of € 38,732 39,390

Employees

(as of September 30, 2014;

United States: Over the past 15 years, Siemens invested nearly US$35 billion in the United States.

Canada: For a contract life-time of 15 years, Siemens Healthcare will provide the hospital operator William Osler Health System with a comprehensive suite of management services and solutions for the majority of its medical imaging equipment. The contract is worth €110 million.

Brazil: 13 Siemens factories and 8 R&D centers are located in Brazil. Siemens plans to double its revenue in Brazil by 2020.

A strong partner, everywhere in the world –

Americas

FY 2014 FY 2013

Revenue (by customer location) in millions of € 18,756 19,644

Employees

(as of September 30, 2014;

China: With over 4,500 developers and engineers, 20 research and development facilities and more than 4,900 granted patents in 2014, China is one of Siemens’ most important research hubs.

India: Siemens contributes to India’s industrialization with 23

modern factories, 8 Centers of Competence, and 11 R&D centers.

Australia: In the state of Queensland, Siemens has built one of Australia's most efficient industrial power stations with an installed total capacity of 242 megawatts.

A strong partner, everywhere in the world –

Asia, Australia

FY 2014 FY 2013

Revenue (by customer location) in millions of € 14,433 14,411

Employees

(as of September 30, 2014;

Contact –

Further information resources

Siemens AG

CG EI SP

Wittelsbacherplatz 2

80333 München

Deutschland

siemens.com

contact@siemens.com

Further information:

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