Siemens 2009 Annual Report Download - page 91

Profit margin FY 2009
Industry 7.7%
Industry Automation 9.1%
Drive Technologies11.1%
Building Technologies 6.4%
OSRAM 2.2%
Industry Solutions 5.3%
Mobility 6.1%
Energy 12.9%
Fossil Power Generation 13.0%
Renewable Energy 13.0%
Oil & Gas 11.7%
Power Transmission 11.7%
Power Distribution 13.2%
Healthcare14.2%
Imaging & IT 16.2%
Workflow & Solutions (3.5)%
Diagnostics16.8%
Siemens IT Solutions
and Services 1.9%
Siemens Financial
Services* 25.9%
Margin ranges * Return on equity 9
Key figures1Fiscal 20092
(in millions of €, except where otherwise stated)
1 New orders; adjusted or organic growth rates of revenue and new orders; book-to-bill ratio; ROE,
ROCE; free cash flow; cash conversion rate; EBITDA (adjusted); net debt and adjusted industrial
net debt are or may be non-GAAP financial measures. A definition of these supplemental financial
measures, a reconciliation to the most directly comparable IFRS financial measures and information
regarding the usefulness and limitations of these supplemental financial measures are available
on our Investor Relations website under www.siemens.com/nonGAAP.
 October ,  – September , .
 Adjusted for portfolio and currency translation effects.
 During the second quarter of fiscal  Electronics Assembly Systems has been reclassified
to Other Operations. The presentation of certain prior-year information has been reclassified
respectively.
 Earnings per share – attributable to shareholders of Siemens AG. For fiscal  and  weighted
average shares outstanding (basic) (in thousands) amounted to , and , respectively.
 Discontinued operations consist of Siemens VDO Automotive activities as well as of carrier networks,
enterprise networks and mobile devices activities.
 Continuing and discontinued operations.
 Profit margin including PPA effects and integration costs for Healthcare is .%
and for Diagnostics .%.
 Return on equity is calculated as annualized Income before income taxes of fiscal  divided
by average allocated equity for fiscal  (€ . billion).
Growth and profit
FY  FY  % Change
Actual Adjusted
Continuing operations
New orders 78,991 93,495 (16) (14)
Revenue 76,651 77,327 (1) 0
Total Sectors
Profit Total Sectors 7,466 6,606 13
in % of revenue (Total Sectors) 10.3% 9.3%
EBITDA (adjusted) 9,524 8,605 11
in % of revenue (Total Sectors) 13.1% 12.1%
Continuing operations
EBITDA (adjusted) 9,219 5,585 65
Income from continuing operations 2,457 1,859 32
Basic earnings per share (in euros)2.60 1.91 36
Continuing and discontinued operations
Net income 2,497 5,886 (58)
Basic earnings per share (in euros)2.65 6.41 (59)
feturn on capital employed
FY  FY 
Continuing operations
Return on capital employed (ROCE) 6.1% 4.8%
Continuing and discontinued operations
Return on capital employed (ROCE) 6.2% 14.8%
Free cash flow and Cash conversion
FY  FY 
Total Sectors
Free cash flow 7,606 7,942
Cash conversion 1.02 1.20
Continuing operations
Free cash flow 3,786 5,739
Cash conversion 1.54 3.09
Continuing and discontinued operations
Free cash flow 3,641 4,903
Cash conversion 1.46 0.83
Employees (in thousands)
Sept. ,  Sept. , 
Cont.
Op. Total

Cont.
Op. Total 
Employees 405 405 427 428
Germany 128 128 132 133
Outside Germany 277 277 295 295
Net debt and Capital structure
FY  FY 
Net debt 9,309 9,034
Net debt/EBITDA (adjusted) (cont.) 1.01 1.62
Adjusted industrial net debt 2,873 2,184
Ad. industrial net debt/EBITDA (adjusted) (cont.) 0.31 0.39
fevenue growth
FY 2009 30%
FY 2008 39%
Target 2009: <0.5 GDP decline. As of October 14, 2009, IHS Global Insight Inc.
expects negative growth of 2.1% in GDP in 2009.
Cash conversion (continuing operations)
FY 2009 1.54
FY 2008 3.09
Target: 1 minus revenue growth rate
Adjusted industrial net debt/EBITDA
(continuing operations)
FY 2009 0.31
FY 2008 0.39
Target corridor: 0.8 – 1.0
fOCE (continuing operations)
FY 2009 6.1%
FY 2008 4.8%
Target corridor: 14 – 16%