Page 1

Shareholder Letter Q2 FY2021 Siemens Energy Investor Relations SIEMENS energy Dear shareholders , Last Wednesday , CEO Christian Bruch and CFO Maria Ferraro presented our second quarter results for fiscal year 2021 . " I am pleased with our solid second quarter results and that we are on track to reach our targets for the fiscal year despite a challenging environment . Our strong order intake proves our competitiveness especially of our sustainable portfolio elements . " said Christian Bruch . Management confirmed the profitability outlook for fiscal year 2021. Management narrowed the range of expected revenue growth for Siemens Energy ( SE ) to a range of 3 % to 8 % , from previously 2 % to 12 % . You can find the detailed outlook on page 4 . During the second quarter orders rose 39 % to € 10.5bn driven by Siemens Gamesa Renewable Energy ( SGRE ) and we generated a revenue of € 6.5bn . Our revenue declined by 4.4 % , but it was , on a comparable basis , at prior - year's level . Our book - to - bill ratio was healthy at 1.62 , lifting the order backlog to a record high of € 84.2bn . We continue to progress when it comes to profitability . Adjusted EBITA before Special Items ( SI ) increased sharply from € 200m to € 288m reflecting a rise in our margin from 2.9 % to 4.4 % . We recorded net income of € 31m , which compares to a loss in the prior - year quarter . Basic earnings per share ( EPS ) amounted to € 0.03 . A particular highlight during this quarter was the DAX inclusion on March 22 , less than six months after we listed on the Frankfurt Stock Exchange . To become a leader in the energy transformation is our mission and we showcased our hydrogen capabilities at our " Hydrogen Day ” on March 19. More than 500 participants followed the event online . You can find further information about this event on the next pages . Furthermore , Sustainalytics , a leading ESG ( Environmental , Social , Governance ) rating agency ranked us # 7 out of 177 peers in their sustainability ranking awarding us a low risk rating . Dear shareholders , once again I thank you for your trust and interest in Siemens Energy . Best regards Michael Run Michael Hagmann | Head of Investor Relations Maria Ferraro SIEMENS anaray SIEMENS energy Christian Bruch Share Performance Februar 2 , 2021 - May 5 , 2021 115 % 105 % 95 % 85 % Siemens Energy | DAX 2 - Feb 17 - Feb 4 - Mar 19 - Mar 3 - Apr 18 - Apr 5 - May Siemens Energy ( 12 ) % | DAX + 10 % GE + 18 % | Baker Hughes + 11 % | Hitachi + 20 % | MHI + 6 % Key Financial Indicators ( in € bn , except where otherwise stated ) Orders + 39 % / + 43 % ¹ Revenue ( 4 ) % / ( 0 ) % 1 10.5 7.6 6.8 6.5 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 Adj . EBITA Margin before SI + 150bps EPS in € 4.4 % 2.9 % ( 0.14 ) n / a 0.03 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 1 xx % xx % = nominal / comparable ( excluding currency translation and portfolio effects ) . Q2 FY2021 Siemens Energy is a registered trademark licensed by Siemens AG . Siemens Energy Shareholder Letter Page 1