H2VH-20-C flender fluid coupling Helical speed reduction gearboxes H2

Flender/Flender Gear Units/Helical speed reduction gearboxes H2

1.0 9 1,1 (1. Total (Ex intersegment) 3,9 3,8 (9. 1,3 1.6 1,0,8 1,3,9 (2. EBIT (Rs mn) Gas and Power 1,9 1,7 7.6 2 7.0 4,0 6,9 (4. Smart infrastructure 9 1,0 (4. -7 - 1,0 3,5 (7. Mobility 4 3 9.8 3 1,1.5 9 1,1 (1. Digital Industries 4 5 (1. -2 - 1,1 1,6 (2. Portfolio of Companies 1 1 5.2 ( - 2 -3 - Others -1 1 (2. 3 (1. 6 2 (7. Total 3,8 3,7 3.3 -6 - 7,3 1,1 (4. EBIT margins (%) Gas and Power 1.1 1.7 1 4.2 7 9.9 1.4 ( Smart infrastructure 1.6 9.5 1 -2.6 3,4 3.7 9.5 ( Mobility 1.8 1.5 3 3.4 1,0 1.3 1.1 1 Digital Industries 7.9 7.8 8 -1.0 2,0 6.0 6.1 ( Portfolio of Companies 8.5 1.4 7 (1. 9 5.2 -8.1 1,3 Others -6.1 4.2 (1,0) 1.0 (1, 6.5 2.2 (1, Total 1.1 9.7 1 (5. 1,6 7.5 1.1 ( Source: Company , HSIE Research Revenue: Rs 3.2b (- 9%/+1% YoY/QoQ, 3% beat) EBITDA: Rs 4.5b (+5.7% YoY, beat of 3%) EBIDTA margin: 1.9% (+3 /+1bps YoY/QoQ) vs est of 1.3% SIL divested Mechanical Drives (MD) business to Flender Drives Private Limited, subsidiary of Flender GmbH, which in turn is subsidiary of Siemens AG. This business has been now classified as Discontinued. Loss from operations of this bus iness for the quarter stood at Rs 5mn Consequently, APAT: Rs 3.3bn ( -4.7% YoY, 3% beat) EBIT margin improved to 1.1% vs 9.7%/ -5.6% YoY/QoQ. FY2 EBIT margin stood at 7.5% vs 1.1% QoQ While DI EBIT % was stable YoY, all other segments aw improveme nt both YoY and QoQ Page | 3 Siemens : Results Review 4QFY2 4QFY2 Segmental EBIT Source : Company, SIE Research; GP Gas and Power , SI: Smart Infrastructure DI Digital Industries , MO Mobility, OC Portfolio of Companies 4QFY2 Segmental Margins (%) Source : Company, SIE Research; GP Gas and Power , SI: Smart Infrastructure DI Digital Industries , MO Mobility, OC Portfolio of Companies Quarterly Segmental EB