Siemens 2010 Annual Report Download - page 70

Growth and profit
FY  FY  % Change
Actual Adjusted 
Continuing operations
New orders 81,163 78,991 3% 1%
Revenue 75,978 76,651 (1)% (3)%
Total Sectors
Profit Total Sectors 7,789 7,466 4%
in % of revenue (Total Sectors) 10.7% 10.3%
EBITDA (adjusted) 11,042 9,524 16%
in % of revenue (Total Sectors) 15.2% 13.1%
Continuing operations
EBITDA (adjusted) 10,034 9,219 9%
Income from continuing operations 4,112 2,457 67%
Basic earnings per share (in euros)  4.54 2.60 75%
Continuing and discontinued operations 
Net income 4,068 2,497 63%
Basic earnings per share (in euros)  4.49 2.65 69%
Return on capital employed
FY  FY 
Continuing operations
Return on capital employed (ROCE) 10.4% 6.1%
Continuing and discontinued operations 
Return on capital employed (ROCE) 10.3% 6.2%
Free cash flow and Cash conversion
FY  FY 
Total Sectors
Free cash flow 10,934 7,606
Cash conversion 1.40 1.02
Continuing operations
Free cash flow 7,111 3,786
Cash conversion 1.73 1.54
Continuing and discontinued operations 
Free cash flow 7,013 3,641
Cash conversion 1.72 1.46
Net debt and Capital structure
FY  FY 
Net debt 5,560 9,309
Net debt / adjusted EBITDA (cont.) 0.55 1.01
Adjusted industrial net debt 819 2,873
Ad. ind. net debt / adjusted EBITDA (cont.) 0.08 0.31
Employees (in thousands)
Sept. ,  Sept. , 
Cont.
Op. Total 
Cont.
Op. Total 
Employees 405 405 405 405
Germany 128 128 128 128
Outside Germany 277 277 277 277
1 New orders and order backlog; adjusted or organic growth rates of Revenue and new orders;
book-to-bill ratio; Total Sectors Profit; ROE; ROCE; Free cash flow; cash conversion rate;
adjusted EBITDA; adjusted EBIT; earnings effect from purchase price allocation (PPA effects)
and integration costs; net debt and adjusted industrial net debt are or may be non-GAAP
financial measures. Definitions of these supplemental financial measures, a discussion of
the most directly comparable IFRS financial measures, information regarding the usefulness
of Siemens’ supplemental financial measures, the limitations associated with these measures
and reconciliations to the most comparable IFRS financial measures are available on our
Investor Relations website under www.siemens.com/nonGAAP.
2 October ,  – September , .
3 Adjusted for portfolio and currency translation effects.
4 Earnings per share – attributable to shareholders of Siemens AG. For fiscal  and 
weighted average shares outstanding (basic) (in thousands) amounted to , and
, shares, respectively.
5 Discontinued operations primarily consist of former Com activities, comprising carrier networks,
enterprise networks and mobile devices activities.
6 Continuing and discontinued operations.
7 Including (.)pp for Healthcare and (.)pp for Diagnostics related to €. billion (pretax)
impairments at Diagnostics.
8 Profit margin including PPA effects for Healthcare is .% and for Diagnostics (.)%.
9 Return on equity is calculated as Income before income taxes divided by average allocated equity
of fiscal  (€. billion).
10 FY : including (.)pp related to the impairments at Diagnostics as well as (.)pp related
to € million (pretax) charges for strategic reorientation of the IT business;
FY : including (.)pp related to €. billion (pretax) impairments at NSN.
11 FY : including (.) related to the impairments at Diagnostics as well as to the charges for
strategic reorientation of the IT business;
FY : including (.) related to the impairments at NSN.
Key figures Fiscal  ,  (in millions of €, except where otherwise stated)
Cash conversion (continuing operations)
FY 2010  1.73
FY 2009  1.54
Target: 1 minus revenue growth rate
Adjusted industrial net debt / adjusted EBITDA
(continuing operations)
FY 2010 0.08
FY 2009 0.31
Target corridor: 0.8 – 1.0
ROCE (continuing operations)
FY 2010  10.4%
FY 2009  6.1%
Target corridor: 14 – 16%
Profit margin FY 
Industry 10.0%
Industry Automation 16.8%
Drive Technologies 12.3%
Building Technologies 6.6%
OSRAM 12.2%
Industry Solutions 0.7%
Mobility 7.9%
Energy 14.0%
Fossil Power Generation 15.9%
Renewable Energy 11.3%
Oil & Gas 11.7%
Power Transmission 12.4%
Power Distribution 13.9%
Healthcare ,  7.5%
Imaging & IT 19.6%
Workflow & Solutions 1.8%
Diagnostics ,  (16.3)%
Siemens IT Solutions
and Services (12.9)%
Siemens Financial
Services* 30.4%
Margin ranges * Return on Equity 9
Revenue growth
FY 2010  (3)%
FY 2009  0%