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
C.1 Notes and forward-looking statements
This document includes supplemental financial measures that
are or may be non-GAAP financial measures. Orders and order
backlog; adjusted or organic growth rates of revenue and or-
ders; book-to-bill ratio; Total Sectors profit; return on equity
(after tax), or ROE (after tax); return on capital employed (ad-
justed), or ROCE (adjusted); Free cash flow, or FCF; adjusted
EBITDA; adjusted EBIT; adjusted EBITDA margins, earnings ef-
fects from purchase price allocation, or PPA effects; net debt
and adjusted industrial net debt are or may be such non-GAAP
financial measures. These supplemental financial measures
should not be viewed in isolation as alternatives to measures
of Siemens’ financial condition, results 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 differ-
ently. Definitions of these supplemental financial measures, a
discussion of the most directly comparable IFRS financial mea-
sures, information regarding the usefulness of Siemens’ sup-
plemental financial measures, the limitations associated with
these measures and reconciliations to the most comparable
IFRS financial measures are available on Siemens’ Investor Re-
lations website at WWW.SIEMENS.COM/NONGAAP. For addition-
al 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 web-
site 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 sim-
ilar meaning. We may also make forward-looking statements
in other reports, in presentations, in material delivered to
shareholders and in press releases. In addition, our representa-
tives may from time to time make oral forward-looking state-
ments. Such statements are based on the current expectations
and certain assumptions of Siemens’ management, and are,
therefore, subject to certain risks and uncertainties. A variety
of factors, many of which are beyond Siemens’ control, affect
Siemens’ operations, performance, business strategy and re-
sults and could cause the actual results, performance or
achievements of Siemens to be materially different from any
future results, performance or achievements that may be
expressed or implied by such forward-looking statements or
anticipated on the basis of historical trends. These factors in-
clude in particular, but are not limited 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
C.. RISKS in this Annual Report prepared in accordance
with the German Commercial Code.
Further information about risks and uncertainties affecting
Siemens is included throughout this Annual Report, as well as
our most recent earnings release, which are available on the
Siemens website, WWW.SIEMENS.COM, 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, WWW.SIEMENS.COM, and on the SEC’s website,
WWW.SEC.GOV. Should one or more of these risks or un-
certainties mate rialize, 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 oth-
er documents may not add up precisely to the totals provided
and percentages may not precisely reflect the absolute figures.