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    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens : Grid Edge Technologies take Centre Stage as South Africa Moves to Avert an Electricity Crisis To explore grid edge technologies and solutions, Siemens South Africa, in collaboration with EE Business Intelligence, is hosting a Grid Edge Virtual Symposium

10/12/2021 | 10:33am EST

SiemensSouth Africa (www.Siemens.com) and EE Business intelligence collaborate to host a virtual Grid Edge Symposium that will introduce the power of Grid Edge technologies; discover how Grid Edge solutions could revolutionize the South African energy landscape; Grid Edge technologies will play an instrumental role in decarbonizing the global energy system.

The global energy system is being transformed, becoming more decentralised, utilising more renewables and turning electricity consumers into prosumers (consumers and producers) of electricity; but this change creates challenges at the interface between the grid and consumers — the grid edge.

These developments are highlighting a change of perspective in the global energy landscape. In the past, companies have mainly focused on the grid — the regulated side of the medal; however, the rising need for sustainability as well as new technologies is shifting focus to the other side of the coin: to buildings, prosumers and consumers.

To explore grid edge technologies and solutions, Siemens South Africa, in collaboration with EE Business Intelligence, is hosting a Grid Edge Virtual Symposium on Thursday 14 October 2021 from 09h30 to 11h30 SAST (GMT+2).

The virtual symposium will be moderated by Chris Yelland, MD at EE Business Intelligence, and the opening keynote presentation will be made by Sabine Dall'Omo, CEO of Siemens Southern and Eastern Africa, and President of Siemens Smart Infrastructure.

"The interlinking of existing smart technologies for grids, buildings and industrial automation, is creating a new dimension in the sustainable energy landscape; this is what we at Siemens call the ‘grid edge’. The major building blocks for grid edge include decentralized energy solutions, renewable integration, grid-interactive buildings, energy storage and eMobility charging infrastructure, these are topics that have become fundamental to addressing South Africa’s energy crisis and transition" said Sabine Dall’Omo CEO of Siemens Southern and Eastern Africa.

Solutions at the grid edge could enable domestic, commercial, industrial, mining, agricultural and transportation entities to optimise their energy efficiency and consumption. They empower customers and prosumers to intelligently integrate renewables, and to take control of their energy supply.

Grid edge technologies also support infrastructure for eMobility expansion, where electric vehicles (EVs) may be connected to the grid as distributed energy storage entities. When connected at the grid edge, EVs may be charged from the grid as a consumer and generate electricity back into the grid as a producer when so required.

"As delays and gaps in public procurement processes for new generation capacity in South Africa in terms of the country’s Integrated Resource Plan for electricity IRP 2019 become clearer, grid edge technologies are beginning to take center stage. Customers are realising that they need to take control and responsibility for their own energy future, and become part of the solution", said Chris Yelland, managing director at EE Business Intelligence.

By working at the grid edge, the relationships between consumption, production and storage are redefined. Digitalization and new business models are helping manage complex energy flows and the interplay between production and consumption —increase the energy system’s flexibility and reliability.

Grid edge solutions are therefore accelerating the transition towards a lower-carbon future and transforming today’s energy landscape to create a more caring environment.

Additional Information

Presenters at the Grid Edge Virtual Symposium include:

Guenther Fleischer, Siemens Business Developer, and global expert for Smart Infrastructure. Deon Henriksen, Siemens Smart Infrastructure Vice President for Digital Grid and Distribution Systems. Marco Rahner, Siemens South Africa Smart Infrastructure Sales Director and technical portfolio expert. Christian Pohl, Siemens global Business Development Manager - Sustainability and Decarbonisation.

Topics that will be covered at the Grid Edge Virtual Symposium include:

The role and future of Grid Edge in the South African market. Smart integration of renewable energy resources. Distributed energy solutions for local energy supply. Enabling Grid Edge technologies through Power Electronics. eMobility charging infrastructure. Smart Infrastructure for Industry and Independent Power Producers. Software Solutions at the Grid Edge.

Attendance at the at the Grid Edge Virtual Symposium is free-of-charge, register to attend online here (https://sie.ag/3FEj9AM).


Distributed by APO Group on behalf of Siemens South Africa.

Contacts for journalists:
For further information on the virtual event:
Siemens
Althea Borman
Mobile +27 71360 8873
E-mail: althea.borman@siemens.com

EE Business Intelligence
Chris Yelland
Mobile 082317-4175
Email chris.yelland@ee.co.za

Follow us on Twitter https://bit.ly/3FDx6yI

About Siemens AG:
SiemensAG(Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in SiemensEnergy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September28,2020.

In fiscal2020, which ended on September30,2020, the SiemensGroup generated revenue of E57.1billion and net income of E4.2billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet atwww.Siemens.com.

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders 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’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to, those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks of the Annual Report, and in the Half-year Financial Report, which should be read in conjunction with the Annual Report. Should one or more of these risks or uncertainties materialize, events of force majeure, such as pandemics, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This document includes — in the applicable financial reporting framework not clearly defined — supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

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.

All information is preliminary.

© African Press Organization, source Press Releases

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Financials
Sales 2022 66 749 M 75 093 M 75 093 M
Net income 2022 6 343 M 7 136 M 7 136 M
Net Debt 2022 35 300 M 39 713 M 39 713 M
P/E ratio 2022 19,0x
Yield 2022 2,72%
Capitalization 120 B 135 B 135 B
EV / Sales 2022 2,32x
EV / Sales 2023 2,17x
Nbr of Employees 303 000
Free-Float 88,0%
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Number of Analysts 24
Last Close Price 149,34 €
Average target price 168,13 €
Spread / Average Target 12,6%
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Managers and Directors
Roland Emil Busch President & Chief Executive Officer
Ralf Peter Thomas Chief Financial Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Hanna Hennig Chief Information Officer
Andreas Christian Hoffmann General Counsel, Head-Legal & Compliance
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