Company

Presentation
May 2025

Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2025

Siemens Energy is a
global leader in
energy technology

~1/6 101,000
of global electricity generation employees work as a team
is based on our technology. to energize society.1

We are present in We invest around

>90 countries. €1.2bn annually in

research and development.

1 Number of employees as of March 31, 2025

May 2025 © Siemens Energy, 2025 2
The demand for electricity is rising
We navigate this journey towards a new energy era with focus on

1 Accelerate Wind Power Capacity

No energy transition runs without wind.

2 Transform conventional power

Gas is the reliable backbone of a sustainable energy system.

3 Strengthen Grids
There’s no transition without a strong and reliant transmission grid.

4 Drive industry decarbonization

With green hydrogen as an important part of the decarbonized energy system.

5 Secure Supply Chains

Without access to enough raw materials, we cannot build our technologies.

© Siemens Energy, 2025 3

Our technologies are the backbone
for resilient energy systems

May 2025 © Siemens Energy, 2025 4

 Gas Services

Transform conventional power

Gas is the reliable backbone of a sustainable energy system

Gas-fired power plants, with their ability to integrate hydrogen and capture carbon,
are vital for achieving a resilient energy future.

Our offerings
• Low- or zero-emission power generation
• All gas turbines under one roof: From 2 MW to 600 MW; steam turbines
from 90 to 1,900 MW and generators from 25 to 1,300 MVA.
• Highly efficient and fuel-flexible gas turbines with high ramp-rates
and low emissions enable compensation of fluctuating renewables.
• Clean fuel burning capabilities for low to zero emissions and leading
hydrogen co-firing capabilities: Up to 75% hydrogen co-firing capability
today and 100% by 2030.
• Decarbonization opportunities through service offerings, modernization
and digitalization of the fleet.
• Integration of carbon capture plants with existing and new facilities and advancement
of CCUS technologies via strategic partnerships.
• Tailored portfolio to meet the unique requirements of power islands and controls
in large nuclear plants or Small Modular Reactors (SMRs).
Visit the website

Visit the website

May 2025 © Siemens Energy, 2025 5

 Gas Services in action

Ramping up when renewables

take a break

Charlotte, North Carolina, U.S.

• The gas-fired Lincoln Combustion Turbine Station, built for energy provider
Duke Energy, ensures a stable supply of electricity when power from solar
generation is not available.
• The installed heavy-duty HL-class gas turbine can reach full capacity within
minutes. Innovative simulation was used in its design and material
development to account for the extreme stresses caused by quick starts
and to ensure durability.
• Its high performance earned two GUINNESS WORLD RECORDSTM titles,
for the most powerful simple-cycle gas power plant and for the world’s
fastest ramp-up rate by a 60 Hz gas turbine power plant.
• Combining sensor data with Artificial Intelligence during testing helped to
optimize design and maintenance, and enabled condition and dispatch
simulations, resulting in reliable, efficient, and flexible power for the future.

Learn more

Learn more

May 2025 © Siemens Energy, 2025 6

 Siemens Gamesa

Accelerate Wind Power Capacity

No energy transition runs without wind

In 2024, the world saw a record installation of nearly 150 GW of new wind power
capacity. However, to meet the ambitious targets set by the Paris Agreement, we need
to more than double this number to at least 320 GW annually by 2030.

Our offerings
• Leading supplier of wind turbine technology and service solutions for onshore
and offshore wind.
• Versatile product portfolio, covering a wide range of customer requirements
and wind conditions. Output: Up to 15 MW offshore and 7 MW onshore1.
• With an installed capacity of 143 GW (116 GW ON and 27 GW OF),
Siemens Gamesa wind turbines generate enough clean energy to power
around 130 million households.
• Service provided for more than 88 GW of installed capacity –
on site or through digital and remote solutions.

Visit the website

Visit the website

1 The 5.X platform sales are currently paused

May 2025 © Siemens Energy, 2025 7
 Siemens Gamesa in action

The world’s first recyclable

wind turbine blade

Aalborg, Denmark
• RecyclableBlade is the world’s first recyclable blade ready
for commercial use offshore and onshore.
• Together with its partner Aditya Birla Advanced Materials,
Siemens Gamesa has developed a novel recyclable epoxy
resin system that makes it possible to efficiently separate the
resin from the other components at the end of the blade’s
working life. This allows the materials to be recycled for new
applications.
• At RWE’s Kaskasi offshore wind power project in Germany,
the first RecyclableBlades were installed in July 2021
and are now delivering green energy.

Learn more

Learn more

May 2025 © Siemens Energy, 2025 8

 Grid Technologies

There’s no transition without a strong

and reliant transmission grid

As the demand for electricity continues to rise, driven by the electrification of transport,
heating, and industry, our grids must evolve to handle this increased load. By 2050, we
need to add or replace more than 80 million kilometers of grid infrastructure globally.

Our offerings
The power grid is the backbone of the energy transition. Siemens Energy offers a
leading portfolio and solutions in HVDC transmission, grid stabilization and storage,
high voltage switchgears and transformers, and digital grid technology.
• High-Voltage Direct Current (HVDC) transmission up to 1,100 kV.
• Turnkey solutions for battery storage systems.
• CO2-neutral Blue products for sustainable and greenhouse-gas-free power grids
and eco-friendly fluids like ester.
• Next generation digital products and solutions through IoT1-connected grid
devices equipped with edge computing, analytics and Artificial Intelligence (AI).
• Service for power transmission products, systems and solutions.

Visit the website

Visit the website

1 Internet of Things
May 2025 © Siemens Energy, 2025 9
 Grid Technologies in action

Connecting New York’s first utility-

scale offshore wind farm to the grid

New York State, United States

• First offshore HVDC grid connection project in the U.S.,
deploying a technology that will reduce transmission losses
over long distance.
• Green energy for nearly 600,000 homes in New York State.
• Sunrise Wind will support New York’s goal of 100% clean
electricity by 2040.
• To date, Siemens Energy has connected the offshore grid to
the mainland 21 times, providing more than 12 gigawatts of
wind power to households in Europe.

Learn more

Learn more

May 2025 © Siemens Energy, 2025 10

 Transformation of Industry

Drive industry decarbonization

The industrial sector globally accounts for 30% of emissions and ~38% of energy consumption.1
Industry needs to reduce emissions by 5 Gigatons per year. Green hydrogen is a key player in the
decarbonized energy system of the future. It can decarbonize sectors that are difficult to electrify,
such as steel production and heavy-duty transportation.

Our offerings
We decarbonize industrial processes through four main levers:
• Energy efficiency: Increasing efficiency of existing assets by consuming less energy.
• Electrification: Converting industrial processes from fossil fuels to electricity.
• Hydrogen: Producing and transporting green hydrogen and clean fuels, already starting
in hard to abate sectors to replace fossil fuels in processes that cannot be electrified.
• Digitalization: Driving value creation and customer-centricity through digital offerings
across Siemens Energy portfolio.
Our offerings include electrolyzers, industrial steam turbines, industrial generators, turbo and
reciprocating compressors, compressor trains, drive systems and solutions, batteries and fuel cells,
as well as service and digital solutions for the entire portfolio.

Visit the website

Visit the website

1 Source: IEA
May 2025 © Siemens Energy, 2025 11
 Transformation of Industry in action

Producing green shipping fuel

from wind and water

Kassø, Denmark
• 50 MW power demand based on Elyzer P-300.
• In January 2024 first hydrogen was produced at the first large-
scale facility to produce climate-neutral shipping fuels.
• 3 electrolyzers from Siemens Energy will produce 1,000 kg of
low carbon hydrogen powered by the local solar park Kassø.
• Hydrogen is being used to synthesize e-Methanol as fuel for
the shipping industry and for fuel blending.
• Synthetic fuels emit 90% less CO2 than fossil fuels and can
make a key contribution to the decarbonization of
transportation.

Learn more

Learn more

May 2025 © Siemens Energy, 2025 12

Empowering the Energy Transition –
We have the technology, innovations
and people to make a difference.

May 2025 © Siemens Energy, 2025 13

Sustainability is a business opportunity
and core part of our strategy

Highlights within our Sustainability is integrated

Sustainability Program in business decisions

• Decarbonization targets across the entire • Regular progress review in

value chain with key levers identified Executive Board, Sustainability
and pursued. Council and Supervisory Board.
• In fiscal year 2024, we reached a share • ESG component in senior management
of 24% women in top leadership positions
and have reduced our gender pay gap long-term incentives.
for the second consecutive year to 3%. • ESG criteria for R&D allocation
• Six focus areas identified to help us and portfolio strategy.
concentrate on the most material topics. • €100 internal CO2 price in
• We continue to focus on increasing infrastructure investments.
the resilience of energy systems while
supporting our customers in their energy
transition.

Sustainability at Siemens Energy

Sustainability at Siemens Energy

May 2025 © Siemens Energy, 2025 14

Sustainability at Siemens Energy is underpinned
by ambitious targets

Climate- 100% green Downstream Upstream Gender Zero

neutral electricity emissions emissions equality harm
in own operations in own operations 28% reduction of GHG reduction of emissions 25% women in top Total Recordable
by 2030 by 2023 from the use of sold by purchased goods & leadership positions by Injury Rate for
products by 2030 services by 30% per 2025 and 30% by 2030 employees and
procurement volume contractors (TRIR)3
by 2030
GJ 2024

55% reduction 1 100% 11% reduction 1 20% reduction 2 24% 2.35

We disclose progress: Transparency is recognized by ESG ratings:
Our Sustainability Report 2024

Our Sustainability Report 2024

1 From a 2019 base year | 2 From a 2018 base year, kg CO2e/€ PVO spent | 3 Total Recordable Injury Rate: Number of recordable injuries x 1,000,000/work hours performed
May 2025 © Siemens Energy, 2025 15
Our people are our most
important asset

colleagues working
101,000 in over 90 countries1

women in top leadership

24% positions

€80m were invested in continuing

education in FY 2024

trainees and working

~2,100 students in Germany alone2

To our job portal

To our job portal

1 Status: March 31, 2025

2 Status: December 31, 2024
May 2025 16
© Siemens Energy, 2025
We cannot do it alone.
Innovating the energy future is
too important to be left in silos.

May 2025 © Siemens Energy, 2025 17

We are driving innovation
with our partners

R&D net spending Employees in R&D

~ €1.2bn1 4,200 1

Global Innovation Centers Key R&D partners

to drive partnerships & co-creation: of the top 25 world-ranked
Orlando, United States of America 8 universities2

Start-ups through Siemens Energy

Berlin, Germany
Abu Dhabi, United Arab Emirates
22 Ventures (external/internal)

Shenzhen, China

Siemens Energy Ventures

Siemens Energy Ventures

1 FY 2024 | 2 QS World University Rankings by Subject 2023: Engineering & Technology

May 2025 © Siemens Energy, 2025 18
 Innovation highlights of active projects

Direct Air Capture

• Direct air capture (DAC) technologies remove CO2 from the atmosphere
anywhere, resulting in a highly concentrated stream of green CO2,
allowing for its permanent storage or use in various processes such as
synthetic fuels.
• Capturing CO2 from the air is one of the most expensive methods of
carbon capture. However, forecasted demand and price range of green
CO2 used as feedstock or for carbon removal credits, enables the
market and provides commercial viability.
• To scale DAC, Siemens Energy has developed a resilient sorbent
agnostic, amine-based, pressure-temperature swing DAC solution. The
solution emphasizes energy recovery and effluent utilization, while also
allowing location flexibility through a self-sustaining electrically powered
thermal process or integration of available waste-heat streams.
• Under the framework of a joint development agreement Siemens
Energy and Saudi Aramco are currently cooperating to bring our first
large-scale DAC pilot project to the Kingdom of Saudi Arabia.

Siemens Energy Innovations

Siemens Energy Innovations

May 2025 © Siemens Energy, 2025 19

 Innovation highlights of active projects

Intelligent Asset Twin

• Digital Twin (DT) Architecture is essential to improve the reliability,

availability, and maintainability of assets manufactured by Siemens
Energy and a their associated packages, while also lowering
operational costs. DT enables a shift from scheduled maintenance to
condition-based maintenance, minimizing unplanned downtime and
optimizing maintenance costs.
• This is a key step in digitizing the domain expertise that Siemens
Energy has in Compressor Stations, Power Plants, Waste to Energy
Plants and many others for the benefit of our customers.
• Siemens Energy with comprehensive knowledge in core asset design,
service and operations empowered by the latest prescriptive AI, LLM
and XR tech.
• Pilot for Intelligent Asset Twin use case for a compressor station on
industry level is in place. Upscaling to steam turbine package use
case with customer in 2025.

Siemens Energy Innovations

Siemens Energy Innovations

May 2025 © Siemens Energy, 2025 20

 Innovation highlights of active projects

Sustainable and flexible power generation with PEM Fuel Cells

• Fuel cells play a crucial role in decarbonization. They generate zero

emission power with hydrogen for ancillary services and peak power
demand.
• Utilization across various sectors, including heavy duty transportation,
maritime, power generation, and industrial applications. They align with
stringent industry regulations and environmental standards. Customers
actively seek alternative energy sources as add on to the existing
demand on the power grid.
• PEM fuel cells offer several advantages, including high efficiency, low
emissions, quiet operation and rapid startup time. With decreasing
costs, fuel cells become an economically viable option for businesses
looking to invest in clean energy solutions. With a reliability of 99.999%
the system can provide continuous power during grid outages, making
them ideal for critical infrastructure.
• Our PEM (Proton Exchange Membrane) Fuel Cells provide on site high
quality electrical power during power outages for more than 24 hours as
a scalable solution based on highly modular design up to multi-MW
installations (3 MW net).

Siemens Energy Innovations

Siemens Energy Innovations

May 2025 © Siemens Energy, 2025 21

Profitability as a Foundation –
Energy resilience requires a profitable
business.

May 2025 © Siemens Energy, 2025 22

Our company structure
We support our customers along the entire energy value chain

Gas Services Grid Technologies Transformation Siemens Gamesa

of Industry

Therein: Independently Managed

Businesses
• Sustainable Energy Systems
• Electrification, Automation, Digitalization
• Industrial Steam Turbines & Generators
• Compression

May 2025 © Siemens Energy, 2025 23

Siemens Energy
a global leader in energy technology

Our generation’s key challenge is the energy transition. By focusing on five key transition actions, we’re helping companies
and countries cut emissions and make energy more reliable, affordable and sustainable.

Expand Transform Strengthen Drive industry Secure

renewables conventional power electrical grids decarbonization supply chains

This is reflected in our new company structure

Anne-Laure
Christian Bruch Maria Ferraro Karim Amin Tim Holt de Chammard Vinod Philip

CEO CFO Gas Services Grid Technologies Transformation Siemens Gamesa

of Industry

Executive Board
Reporting Segments

May 2025 © Siemens Energy, 2025 24

Our financial performance in Fiscal Year 2024

Revenue Orders
€34.5bn Europe, C.I.S., Middle East, Africa: €.18.1bn €50.2bn
(of which Germany: €3.1bn)1
Order backlog
€123bn
Basic earnings per share
€(1.37)
Profit before
Special Items
Americas: €10.3bn €345m
(of which USA: €6.9bn)1
Profit margin
before Special Items
Asia, Australia: €6.1bn
Annual Report 2024
(of which China: €1.5bn)1 1.0%
Annual Report 2024

1 Location of customer
May 2025 © Siemens Energy, 2025 25
Our financial performance
in the 2nd quarter of Fiscal Year 2025

Orders Revenue Order backlog

€14.4bn €[Link] €133bn

Basic earnings Profit before Profit margin

per share Special Items before Special Items
€0.50 €906m 9.1%

Q2 FY 2025 Earnings Release

Q2 FY 2025 Earnings Release

May 2025 © Siemens Energy, 2025 26

Outlook

Our financial outlook for Fiscal Year 2025

Revenue Growth1 Profit Margin
FY25 before SI2 | FY25

Gas Services 11 – 13% (prev. 7 – 9%) 11 – 13% (prev. 10 – 12%)

Grid Technologies 24 – 26% (prev. 23 – 25%) 14 – 16% (prev. 10 – 12%)

Transformation
13 – 15% (prev. 11 – 13%) 9 – 11% (prev. 8 – 10%)
of Industry

Siemens Gamesa 0 – 2% (prev. (9) – (5)%) around neg. €1.3bn (unchanged)

Siemens Energy 13 – 15% (prev. 8 – 10%) 4 – 6% (prev. 3 – 5%)

Up to €1bn ex. assumed (prev. round break-

Net Income
positive Special items even ex. assumed
positive Special items)

Free Cash Flow

pre tax Around €4bn (prev up to €1bn)

This outlook excludes charges related to any future legal and regulatory matters. | 1 Comparable revenue growth: Excluding currency translation and portfolio effects |
2 Profit margin in % of revenue with profit as earnings before financial result, income taxes, amortization expenses related to intangible assets acquired in business combinations,

and goodwill impairments.

© Siemens Energy, 2025 27

We energize society
Thank you!
Stay in contact with us: Siemens Energy on social media:

Siemens Energy AG
Otto-Hahn-Ring 6
81739 Munich
contact@[Link]

For questions about our company presentation:

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More information can be found on our website:

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Siemens Energy is a trademark licensed by Siemens AG. © Siemens Energy, 2025