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Shareholder Letter Q4 FY2021 Siemens Energy Investor Relations SIEMENS energy Dear shareholders , September 30 , 2021 marked the end of our first business year as an independent and listed company . On page 4 we show some of the highlights of the year such as our first AGM and our ascent into the DAX 30. As a company , we progressed on our journey and further progress will be required to fulfill our aspiration to become the most valuable energy technology company in the world . This said , during the second half of the year we returned to growth in orders and revenue and through the year we raised profitability and drove cash flow to finish on a strong note . Last Wednesday , our CEO Christian Bruch and our CFO Maria Ferraro , presented our fourth quarter and full year results for fiscal year 2021 . " I'm pleased with our first full fiscal year performance as a stand - alone company and we delivered a solid fourth quarter with strong orders and cash . The team did an excellent job and laid the foundation for our transformation in a challenging market environment . Looking forward , we will continue to focus on our plan to increase profitability which puts us on track to achieve our mid - term targets " , said Christian Bruch . Orders in the fourth quarter of fiscal year 2021 rose 30 % to € 9.1bn so that full year orders of € 33bn exceeded full year revenue of € 28.5bn , which means we finished the year with a strong order backlog of € 83.8bn ( up € 5.3bn on the prior year ) . Revenue in the fourth quarter grew by 7 % taking full year growth to 4 % . During the quarter we incurred an Adj . EBITA loss before Special Items ( SI ) of € 46m for a full year Adj . EBITA profit before SI of € 661m , an improvement of € 678m versus fiscal year 2020. Cash flow in the quarter remained strong and for the full year free cash flow pre tax exceeded our expectations set at the beginning of the year rising 39 % to € 1,358m . In light of the progress we have made , Siemens Energy proposes a dividend of € 0.10 per share for fiscal year 2021 . Please take the time to read on , as we showcase our Transmission Division and share our targets for fiscal year 2022 on the following pages . I wish you a merry Christmas with your families and loved ones and a happy new year . Stay healthy and confident during these challenging times . Kind regards , Michael Michael Hagmann | Head of Investor Relations Q4 FY2021 Share Performance August 4 , 2021 - November 10 , 2021 115 % 110 % 105 % 100 % 95 % 90 % m 4 - Aug STICITY Siemens Energy | DAX Димит 24 - Aug 13 - Sep 3 - Oct 23 - Oct 10 - Nov Siemens Energy + 11 % | DAX + 2 % GE + 6 % | Baker Hughes + 17 % | Hitachi + 15 % | MHI ( 5 ) % Key Financial Indicators ( in € bn , except where otherwise stated ) Orders Revenue +30 % / + 29 % ¹ ( 3 ) % / ( 1 ) % 1 +4 % / + 6 % 1 +7 % / + 5 % 1 34.0 33.0 27.5 28.5 9.1 7.0 7.6 8.2 Q4 Q4 2020 2021 FY FY 2020 2021 Q4 Q4 2020 2021 FY FY 2020 2021 Adj . EBITA Margin before SI EPS in € ( 16 ) % ( 71 ) % ( 150 ) bps + 240bps 0.9 % ( 0.6 ) % 2.3 % ( 0.63 ) Q4 Q4 2020 2021 ( 0.1 ) % FY FY 2020 2021 Q4 Q4 2020 2021 FY FY 2020 2021 ( 0.51 ) ( 0.43 ) ( 2.21 ) 1 xx % xx % = nominal / comparable ( excluding currency translation and portfolio effects ) Siemens Energy is a trademark licensed by Siemens AG . Siemens Energy Shareholder Letter Page 1