Siemens 2012 Annual Report Download - page 224

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This document includes supplemental financial measures that
are or may be non-GAAP financial measures. New orders and
order backlog; adjusted or organic growth rates of revenue and
new orders; book-to-bill ratio; Total Sectors profit; return on eq-
uity (after tax), or ROE (after tax); return on capital employed
(adjusted), or ROCE (adjusted); Free cash flow, or FCF; cash con-
version rate, or CCR; adjusted EBITDA; adjusted EBIT; adjusted
EBITDA margins, earnings effects from purchase price alloca-
tion, or PPA effects; net debt and adjusted industrial net debt
are or may be such non-GAAP financial measures. These sup-
plemental financial measures should not be viewed in isolation
as alternatives to measures of Siemens’ financial condition, re-
sults of operations or cash flows as presented in accordance with
IFRS in its Consolidated Financial Statements. Other companies
that report or describe similarly titled financial measures may
calculate them differently. Definitions of these supplemental fi-
nancial measures, a discussion of the most directly comparable
IFRS financial measures, information regarding the usefulness of
Siemens’ supplemental financial measures, the limitations asso-
ciated with these measures and reconciliations to the most com-
parable IFRS financial measures are available on Siemens’ Inves-
tor Relations website at
../. For ad-
ditional information, see supplemental financial measures and
the related discussion in Siemens’ most recent annual report
on Form -F, which can be found on our Investor Relations
website or via the EDGAR system on the website of the United
States Securities and Exchange Commission.
This document contains statements related to our future busi-
ness and financial performance and future events or develop-
ments involving Siemens that may constitute forward-looking
statements. These statements may be identified by words
such as “expects,” “looks forward to,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,” “estimates,” “will,” “project” or
words of similar meaning. We may also make forward-looking
statements in other reports, in presentations, in material
delivered to stockholders and in press releases. In addition,
our representatives may from time to time make oral forward-
looking statements. Such statements are based on the current
expectations and certain assumptions of Siemens’ manage-
ment, and are, therefore, subject to certain risks and uncer-
tainties. A variety of factors, many of which are beyond
Siemens’ control, affect Siemens’ operations, performance,
business strategy and results and could cause the actual
results, performance or achievements of Siemens to be mate-
rially different from any future results, performance or
achievements that may be expressed or implied by such for-
ward-looking statements or anticipated on the basis of histori-
cal trends. These factors include in particular, but are not lim-
ited to, the matters described in Item : Key information – Risk
factors of our most recent annual report on Form -F filed
with the SEC, in the chapter “Risks” of our most recent annual
report prepared in accordance with the German Commercial
Code, and in the chapter “Report on risks and opportunities”
of our most recent interim report.
Further information about risks and uncertainties affecting
Siemens is included throughout our most recent annual and in-
terim reports, as well as our most recent earnings release, which
are available on the Siemens website
.., and
throughout our most recent annual report on Form -F and in
our other filings with the SEC, which are available on the
Siemens website .., and on the SEC’s web-
site ... Should one or more of these risks or un-
certainties materialize, or should underlying assumptions
prove incorrect, actual results, performance or achievements
of Siemens may vary materially from those described in the
relevant forward-looking statement as being expected, antici-
pated, intended, planned, believed, sought, estimated or pro-
jected. Siemens neither intends, nor assumes any obligation,
to update or revise these forward-looking statements in light
of developments which differ from those anticipated.
Due to rounding, numbers presented throughout this and other
documents may not add up precisely to the totals provided and
percentages may not precisely reflect the absolute figures.
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