Siemens 2006 Annual Report Download - page 60

Additional Business Activities
Financing and Real Estate
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Siemens Financial Services (SFS)
New orders for infrastructure projects
and decisions on equipment investments
often hinge on a supplier’s ability to pro-
vide customized financing solutions. Our
customers expect first-class technology
and financial expertise from a single
source.
With a workforce of some 1,800, we
deliver a wide range of financial solutions
– from sales and investment financing to
insurance – that lay the basis for offerings
tailored to specific risk profiles. In infra-
structure projects, we also take utilization
strategy into account. We’re currently
developing and structuring financial solu-
tions for around 600 Siemens projects.
Our total project financing volume –
amounting to more than €52 billion – is
managed by one of the largest project
and export financing teams in the banking
and business world. We also make equity
investments in infrastructure projects in
which Siemens is involved.
As a global center of competence for
financing and risk management, we’re
Siemens’ preferred provider of financial
solutions in areas like treasury services
and pension asset management. Our cash
and liquidity management system covers
around 90 percent of the Company’s liq-
uidity and includes 4,500 accounts in all
convertible currencies.
We’ve substantially expanded our busi-
ness with non-Siemens clients – particu-
larly in equipment financing, an area
in which we have total assets of about
€7 billion – and now serve a broad range
of external companies. Our financial
expertise, coupled with many years of
experience in industry and technology,
enables us to offer our customers unique
advantages. We focus on providing inno-
vative financial solutions in fields ranging
from information and communications,
medical technology and transportation
systems to power generation and plant
engineering and construction. Other
areas of external business include receiv-
ables financing, asset-based lending,
investment management and investment
brokerage.
www.siemens.com/financial_services
With some 1,800 employees
and an international net-
work of companies, SFS
offers a broad array of finan-
cial solutions in the areas of
sales and investment financ-
ing, treasury services, fund
management and insurance.
Highlights in fiscal 2006
• We developed the SAP Financing Program
2006, which was rolled out in over 40 coun-
tries.
• We made an equity investment in the con-
struction of India’s most modern airport, in
Bengaluru. Scheduled for completion in
2008, this US$450-million project will create
the country’s first privately financed airport.
• The city of Freiburg in Germany deployed
traffic signals featuring the latest LED tech-
nology from Siemens. Our solution enabled
the city to finance the project entirely from
savings on power and maintenance.
• In a survey of 120 German leasing compa-
nies conducted by Frankfurter Rating- und
Finanzberatung (FRF), SFS was No. 1 in three
categories.
“A tailored financial solution from
Siemens Financial Services gave us
access to new customer segments,
enabling us to expand our business.”
Léo Apotheker, Member of the
Executive Board of SAP AG