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© Siemens AG 2011. All rights reserved The Company Siemens 2012 Romania Status: December 2011 © Siemens AG 2011. All rights reserved.

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Presentation on theme: "© Siemens AG 2011. All rights reserved The Company Siemens 2012 Romania Status: December 2011 © Siemens AG 2011. All rights reserved."— Presentation transcript:

1 © Siemens AG All rights reserved The Company Siemens 2012 Romania Status: December 2011 © Siemens AG All rights reserved

2 December 2011Page Founding of ''Telegraphen-Bauanstalt von Siemens & Halske" in Berlin 1850 First international sales agency in London 1855 Founding of the Russian company as the first foreign branch 1904 First permanent office in China 1905 Founding of Siemens Societatea Romana de Electricitate Siemens Schuckert 1924 Founding of Siemens India Ltd Exports exceed 1 billion DM for first time 1968 Siemens passes the 100-country mark 1970 Founding of Siemens Corporation, USA 1994 Founding of Siemens Ltd. China in Beijing From Werner von Siemens' workshop to global player – active in over 190 countries

3 © Siemens AG All rights reserved December 2011Page 3 Urbanization Demographic change Megatrends shape our future In 2009, for the first time in history, more people lived in cities than in rural areas Today 320 million people live in megacities (cities with populations greater than 10 million) In 2050, 70 % of the world's population will live in cities Urban agglomerations contribute a disproportionally high share of economic output: Tokyo generates 40% of Japan's GDP, Paris accounts for 30% of France's Average life expectancy continues to rise worldwide: from 48 years (1950), it has increased to 69 years (today) Every 2 seconds, the world population grows by one person. 7 billion people inhabited Earth in 2011 – by 2050, it will be 9.3 billion. The population of the least developed countries is expected to more than double, from 800 million today to 1.7 billion in 2050 The 65+ generation will nearly triple from 550 million today to 1.5 billion in 2050

4 © Siemens AG All rights reserved December 2011Page 4 Globalization Megatrends shape our future Climate change Since the 19th century, the average global surface temperature has increased by 0.76°C The years from 2001 to 2010 are the warmest decade on record Greenhouse gas emissions have increased dramatically since the beginning of industrialization. Today we face the highest CO 2 concentration in the atmosphere in 350,000 years Between 1990 and 2009, global trade volume more than doubled The number of multinational companies skyrocketed from about 10,000 in 1969 to 82,100 in 2008 If present trends continue, the emerging markets will account for two thirds of the worlds economic output in 2030 While the volume of trade with natural resources has remained nearly constant over the last decade, prices of natural resources have increased an average of 20% annually

5 © Siemens AG All rights reserved December 2011Page 5 Our vision and our values Energy efficiency Industrial productivity Affordable and personalized healthcare Intelligent infra- structure solutions Siemens – the pioneer inOur values Responsible Committed to ethical and responsible actions Innovative Excellent Achieving high performance and excellent results Being innovative to create sustainable value

6 © Siemens AG All rights reserved December 2011Page 6 We buy from 2000 suppliers! Economic Factor Siemens Romania We create jobs! For almost 2100 employees! We have local partners! We are present all over Romania! We provide local expertise!

7 © Siemens AG All rights reserved December 2011Page 7 Siemens in Romania: at a glance Founded: 1905 Siemens is present in Romania since more than 100 years, founded as Societatea Romana de Electricitate Siemens Schuckert in Today 11 Siemens companies 4 production facilities Locations: Bucharest, Cluj, Timişoara, Târgu Mureş, Ploiesti, Iaşi, Constanta, Oradea, Brasov, Galati, Craiova, Sibiu Manufactures: Sibiu, Buzias Software-Development: Bucharest, Braşov, Cluj Locations in Mio. EUR2011 Sales260 Employees2100 History

8 © Siemens AG All rights reserved December 2011Page 8 Siemens SRL: at a glance Leading and representing all Siemens activities in Romania. 310 employees 6 regional offices in the country. Business activities Sales, service and engineering in : four sectors: Infrastructure & Cities Energy Industry Healthcare Siemens S.R.L. Siemens S.R.L. Headquarters

9 © Siemens AG All rights reserved December 2011Page 9 Regional company Branch office Production / Service Software development Siemens SRL Siemens PSE Siemens SRL Siemens PSE Siemens SRL Siemens Motor System SRL Siemens SRL Siemens Electrical Instalation Technology SRL SIMEA SRL Sykatec SRL Siemens SRL Osram SRL Nokia Siemens Networks SRL Siemens Enterprise Communcations SRL Bosch Siemens Electrocasnice SRL Fujitsu Siemens Computers Siemens Brazi

10 © Siemens AG All rights reserved December 2011Page 10 Sectors and Divisions as of October 1, )In fiscal 2011, Siemens announced its intention to publicly list OSRAM and, as an anchor shareholder, to hold a minority stake in OSRAM AG over the long term Energy Divisions Fossil Power Generation Wind Power Solar & Hydro Oil & Gas Energy Service Power Transmission Healthcare Divisions Imaging & Therapy Systems Clinical Products Diagnostics Customer Solutions Industry Divisions Industry Automation Drive Technologies Customer Services and Metals Technologies Infrastructure & Cities Divisions Rail Systems Mobility and Logistics Low and Medium Voltage Smart Grid Building Technologies OSRAM 1)

11 © Siemens AG All rights reserved December 2011Page 11 Energy Sector Fossil Power Generation Division profileReference Projects FY 2011 Q1 Q4 Q2 Q3 Our broad spectrum of products, systems and solutions has given us a leading position in power plant technologies worldwide. Customers are profiting from our innovative components for high- efficiency combined-cycle power plants, coal-fired plants, gas and steam turbines, generators and process control engineering. Were a world market leader in power plant instrumentation and control systems. We also offer products for low- carbon power generation. Equity investments and joint ventures in key regional markets such as China and Russia round out our portfolio. Siemens cogeneration unit for TPP Bucuresti Vest In July 2008 the new cogeneration unit of TPP Bucuresti Vest was finalized and it was put into operation at the beginning of As general contractor, Siemens has developed the biggest cogeneration unit in Romania since The installed capacity of the cogeneration unit is 190 MW. The value of the project is 135 millions Euros. The cogeneration unit will cover one fifth part of the Bucharest power installed capacity.

12 © Siemens AG All rights reserved December 2011Page 12 Energy Sector Wind Power Division profileReference Projects FY 2011 Q1 Q4 Q2 Q3 As demand for clean power generation to meet the worlds growing energy need increases, Siemens Wind Power has the answers. With highly efficient, robust and reliable wind turbines, Siemens has a demonstrated history in delivering proven solutions to onshore, coastal and offshore sites. Siemens Wind Powers service team is dedicated to keeping the turbines running optimally throughout their entire lifecycle. Siemens also offers integrated solutions and services that meet the demands of the entire wind energy conversion chain. The first turbines in Romania, provided by Siemens

13 © Siemens AG All rights reserved December 2011Page 13 Energy Sector Solar & Hydro Division profileReference Projects FY 2011 Q1 Q4 Q2 Q3 The portfolio in the solar power plant business ranges from efficient individual components such as solar receivers all the way to complete solar thermal power plants and large-scale photovoltaic systems in the megawatt power range. In addition to small hydroelectric power plants, Siemens is increasing its involvement in large-scale power plants and is active in the field of ocean current power plants. This is complemented by research and development into storage technology. The Norwegian utility Statkraft has placed an order for the turnkey construction of a large ground-based photovoltaic plant in Italy. The plant with a peak output of 3.3 megawatts will be built in Casale near Rome and supply over 1200 Italian households with eco-friendly electricity. In addition to 15,700 crystalline solar modules, Siemens will deliver Sinvert solar inverters, transformers, cabling, the grid connection and the entire civil works.

14 © Siemens AG All rights reserved December 2011Page 14 Energy Sector Oil & Gas Division profileReference Projects FY 2011 Q1 Q4 Q2 Q3 We offer customers a wide array of products and solutions for eco-friendly, resource-saving energy utilization. Our portfolio includes solutions for boosting pressure in oil and gas fields (depletion compression); a full range of products and systems for refineries, pipelines and floating production, storage and offloading (FPSO); compressor and pump solutions; automation and control technologies; products and solutions for power generation, water management, automation and controls; and industrial IT solutions. Siemens Brazi Siemens took over part of the operations and employees of Rafiserv Petrobrazi, the maintenance company for Petrobrazi refinery, one of Petrom's two refining facilities. Siemens has also taken over around 100 Petrom employees in line with a contract, worth around 10 mills Euros, signed with the Romania's largest company.

15 © Siemens AG All rights reserved December 2011Page 15 Energy Sector Energy Service Division profileReference Projects FY 2011 Q1 Q4 Q2 Q3 1)July 1 to September 30, 2011 We are the leading service partner for an installed fleet of power plants representing approximately one-fifth of all large-scale and industrial power plants worldwide. Our broad spectrum of innovative products and services ensures plant reliability, improved efficiency and optimal environmental performance for our customers operating plant assets in the utility, oil and gas, industrial processing and power generation industries, helping them to gain the maximum benefit from their investments. Maintenance for wind turbines in Romania The retrofit of the electrostatic precipitators of boiler no. 7 of CET Govora

16 © Siemens AG All rights reserved December 2011Page 16 Energy Sector Power Transmission Division profileReference Projects FY 2011 Q1 Q4 Q2 Q3 1)July 1 to September 30, 2011 As a global leader in power transmission systems, were playing a major role in the high-growth market for renewable energies. Our innovative high-voltage direct-current (HVDC) technology is being used around the globe to efficiently connect offshore wind farms with mainland power grids, to transport green electricity over long distances with minimum loss and to link regional power grids with one another. Efficient power transmission is the cornerstone of sustainable, eco-friendly and climate-compatible energy systems. Grid Connection of CCHP Brazi MVA 220/110kV Mintia Substation Modernization

17 © Siemens AG All rights reserved December 2011Page 17 Sectors and Divisions as of October 1, )In March 2011, Siemens announced its intention to publicly list OSRAM and, as an anchor shareholder, to hold a minority stake in OSRAM AG over the long term Energy Divisions Fossil Power Generation Wind Power Solar & Hydro Oil & Gas Energy Service Power Transmission Healthcare Divisions Imaging & Therapy Systems Clinical Products Diagnostics Customer Solutions Industry Divisions Industry Automation Drive Technologies Customer Services and Metals Technologies Infrastructure & Cities Divisions Rail Systems Mobility and Logistics Low and Medium Voltage Smart Grid Building Technologies OSRAM 1)

18 © Siemens AG All rights reserved December 2011Page 18 Healthcare Sector Imaging & Therapy Systems Division profile Today, innovative imaging systems like computer tomographs (CT scanners) and magnetic resonance scanners (MRI scanners) are routinely used in hospitals and doctors' offices. They enable early disease detection, reliable diagnosis and effective treatment. Innovative imaging technologies facilitate gentler treatment and open up new treatment options for diseases up to now difficult to treat. The Division is also working on improving the interlacing of imaging and therapy. The Divisions advanced IT solutions help make healthcare more patient-oriented, open and transparent. Workflows can be designed more efficiently, cutting costs in the process. Reference Projects FY 2011 Q1 Q4 Q2 Q3 Definition Flash – Institute of Cardiovascular Disease in Iasi Magnetom Skira - Babes Bolyai in Cluj Napoca

19 © Siemens AG All rights reserved December 2011Page 19 Healthcare Sector Clinical Products Division profile The products of the Clinical Products Division address the largest imaging markets – ultrasound and X-ray. In emerging markets such as India, Brazil, and China, the demand for healthcare services is steadily increasing. Especially in large countries like China, healthcare requirements differ tremendously. While healthcare delivery in megacities meets Western standards, often only rudimentary services are available in rural areas. Providing ultrasound and X-ray products that meet requirements in all of these scenarios is the task of Clinical Products. Additionally, the Division delivers core components for imaging devices tailored to customer specifications. Reference Projects FY 2011 Q1 Q4 Q2 Q3 Acuson S2000 ABVS -MIRMED Aslan Clinic in Bucharest - SC Vancu in Craiova

20 © Siemens AG All rights reserved December 2011Page 20 Healthcare Sector Diagnostics New orders / innovations in Q4 FY 2011 Q1 Q4 Q2 Q3 Division profile Committed to advancing patient care, the Division supports clinicians in diagnosing disease, managing patient conditions, and monitoring medical therapies. Diagnostics helps improve healthcare quality and reduce treatment costs through early detection. Siemens has introduced the first fully automated biomarker test for liver fibrosis. The new Enhanced Liver Fibrosis Test uses three biomarkers to determine the severity and the progression risk of the disease. Compared with conventional biopsy procedures, this standardized and automated test is more comfortable and less risky for patients. It also provides doctors with faster and more reliable results.

21 © Siemens AG All rights reserved December 2011Page 21 Sectors and Divisions as of October 1, )In March 2011, Siemens announced its intention to publicly list OSRAM and, as an anchor shareholder, to hold a minority stake in OSRAM AG over the long term Energy Divisions Fossil Power Generation Wind Power Solar & Hydro Oil & Gas Energy Service Power Transmission Healthcare Divisions Imaging & Therapy Systems Clinical Products Diagnostics Customer Solutions Industry Divisions Industry Automation Drive Technologies Customer Services and Metals Technologies Infrastructure & Cities Divisions Rail Systems Mobility and Logistics Low and Medium Voltage Smart Grid Building Technologies OSRAM 1)

22 © Siemens AG All rights reserved December 2011Page 22 Industry Sector Industry Automation Division Reference Projects FY 2011 Q1 Q4 Q2 Q3 Division profile We supports the entire value chain of industrial customers – from product design to production and services – with an unmatched combination of automation technology, industrial control technology, and industrial software. With its software solutions, the Division can shorten the time-to-market of new products by up to 50 percent. Industry Automation comprises five Business Units: Industrial Automation Systems, Control Components and Systems Engineering, Sensors and Communications, Siemens PLM Software, and Water Technologies. Continental Automotive Timisoara Modernisation of Aerial tramway in Sinaia, Busteni and Azuga

23 © Siemens AG All rights reserved December 2011Page 23 Industry Sector Drive Technologies Innovations FY 2011 Q1 Q4 Q2 Q3 Division profile Higher productivity, faster time to market, more efficient use of resources and energy, high availability and quality standards – our customers have to meet these needs in production in ever shorter cycles today, and their machinery and systems have to be ready to make that possible. Our innovative automation and drive solutions are the basis for flexible, future-ready and highly productive systems and equipment. With them, we increase availability and support efficient operations. *Major project references are available upon request At the IAA International Motor Show, Siemens Drive Technologies presented its comprehensive portfolio of components for the powertrain in electric cars. Whether asynchronous or perma- nent synchronous motors: both variants stand out due to their extremely high quality, efficiency and reliability. In addition, the compact and scalable converters ensure efficient speed control. Siemens thus implements triple integration: integration of components; integration in the charging and network structure; mechanical integration in the automobile.

24 © Siemens AG All rights reserved December 2011Page 24 Industry Sector Customer Services and Metals Technologies Reference Projects FY 2011 Q1 Q4 Q2 Q3 Division profile Our portfolio includes product-related services and innovative service offerings to enable the operation of industrial plants with reliability and at the highest levels of profitability, efficiency and environmental compatibility. We support our customers over the entire product lifecycle – with retrofit and repair services, technical support, online care, spare part management and commissioning services. We also offer services designed to increase energy efficiency and environmental compatibility, and for plant monitoring and management as well. ArcelorMIttal Galati – The 5 th Furnace Holcim Campulung – 5 Cement Mills

25 © Siemens AG All rights reserved December 2011Page 25 Sectors and Divisions as of October 1, )In March 2011, Siemens announced its intention to publicly list OSRAM and, as an anchor shareholder, to hold a minority stake in OSRAM AG over the long term Energy Divisions Fossil Power Generation Wind Power Solar & Hydro Oil & Gas Energy Service Power Transmission Healthcare Divisions Imaging & Therapy Systems Clinical Products Diagnostics Customer Solutions Industry Divisions Industry Automation Drive Technologies Customer Services and Metals Technologies Infrastructure & Cities Divisions Rail Systems Mobility and Logistics Low and Medium Voltage Smart Grid Building Technologies OSRAM 1)

26 © Siemens AG All rights reserved December 2011Page 26 Reference Projects Infrastructure & Cities Sector Rail Systems 1)Business figures of former Power Distribution Division, July 1 to September 30, FY 2011 Q1 Q4 Q2 Q3 Division profile The Rail Systems portfolio comprises the entire spectrum of rolling stock – including railway trains, metros and locomotives and even streetcars and light rail systems. To this end, the Division smoothly combines its expertise in the fields of mass transit, mainline and logistics transportation in order to offer comprehensive know how for eco-friendly, efficient and reliable rail vehicles that are already in revenue service in more than 40 countries worldwide. High performance Diesel Railway Engines for Cargo Trans Vagon SA IMPERIO – energy efficient trans in Arad

27 © Siemens AG All rights reserved December 2011Page 27 Reference Projects Infrastructure & Cities Sector Mobility and Logistics 1)Business figures of former Power Distribution Division, July 1 to September 30, FY 2011 Q1 Q4 Q2 Q3 Division profile The Siemens Mobility and Logistics Division within the Infrastructure & Cities Sector is a solution provider for customers whose business model is based on the optimization of passenger and freight transportation. Mobility and Logistics comprises all Siemens businesses in the field of international traffic, transportation and logistics management. These include rail automation, infrastructure logistics, intelligent traffic and transportation systems and also technologies for the extension of the electromobility infrastructure. First implementation in Romania of European Train Control System – level 2 Intelligent Sorting of Packages – Fun Courier Romania

28 © Siemens AG All rights reserved December 2011Page 28 Infrastructure & Cities Sector Low and Medium Voltage 1)Business figures of former Mobility Division, July 1 to September 30, Reference Projects FY 2011 Q1 Q4 Q2 Q3 Division profile As a global leading supplier for electrical distribution Low and Medium Voltage (LMV) contributes to a sustainable and responsible use of electrical energy. With our consistent portfolio for the medium- and low-voltage electrical distribution we enable the realization of smart grids, thus providing the foundation for green cities as well as energy-efficient infrastructures, buildings and industrial applications. Air Insulated Circuit Breaker Switchgear SIMOPRIME A4 – CEZ Distributie SA Busbar trunking SIVACON 8PS type LDA and Distribution boards SIVACON S8 for Kaufland Turda

29 © Siemens AG All rights reserved December 2011Page 29 Infrastructure & Cities Sector Smart Grid 1)Business figures of former Mobility Division, July 1 to September 30, Reference Projects EA 14 substations (Translectrica) Urechesti substation (Transelectrica) Dumbrava substation (Transelectrica); FY 2011 Q1 Q4 Q2 Q3 Division profile Smart-Grid-solutions from Siemens blaze the trail to the future of the energy business. Innovative technologies and services in the fields of IT, data communication, energy automation, and rail electrification pave the way for efficient grids, intelligent power distribution, intelligent consumption as well as electromobility and smart buildings.

30 © Siemens AG All rights reserved December 2011Page 30 Infrastructure & Cities Sector Building Technologies Reference Projects FY 2011 Q1 Q4 Q2 Q3 Division profile Efficient building performance and low operating costs allow customers to optimize the energy costs and reliability of their buildings. Products and systems for building automation to control heating, ventilation, and air-conditioning applications are used in proprietary solutions and are also sold via indirect distribution channels. In the fire safety product spectrum, Building Technologies sells state-of-the-art products and systems for fire and gas detection, automatic extinguishing, and alarm and danger management systems through various distribution channels. Building Management System for Marriott Hotel in Bucharest Building Management System for Platinium Building in Bucharest

31 © Siemens AG All rights reserved December 2011Page 31 Equity Investments BSH Bosch und Siemens Hausgeräte Nokia Siemens Networks NSN is one of the largest telecommunications infrastructure companies, with operations in 150 countries. NSN provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services including consultancy and systems integration, deployment, maintenance and managed services. Enterprise Networks Enterprise Networks is a provider of end-to-end enterprise communications solutions that use open, standards-based architectures to unify communications and business applications for a seamless collaboration experience. This approach enables organizations to improve productivity and reduce costs through easy-to-deploy solutions that work within existing IT environments. BSH is the largest manufacturer of household appliances in Germany and Europe and one of the leading companies in its industry. The joint venture between Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich) was formed in Today, BSH operates 41 factories in 13 countries in Europe, the U.S., Latin America and Asia. Including its worldwide network of sales and customer service units, BSH currently has around 60 companies in over 40 countries and approximately 40,000 employees.

32 © Siemens AG All rights reserved December 2011Page 32 One Siemens Our framework for sustainable value creation 1)EBITDA One Siemens The integrated technology company Financial target system Continuous improvement relative to market / competitors Siemens Sectors Capital efficiencyCapital StructureRevenue growth Top margins of respective markets throughout business cycles 1) Grow faster than main competitors M&A hurdle rates Return on Capital Employed (ROCE) Dividend payout ratio

33 © Siemens AG All rights reserved December 2011Page 33 One Siemens Three strategic directions WHAT? Focus on innovation-driven growth markets WHERE? Get closer to customers HOW? Use the power of Siemens 1 2 3

34 © Siemens AG All rights reserved December 2011Page 34 Innovation-driven growth markets Dynamic growth of 'green' revenue Siemens Environmental PortfolioRevenue from Environmental Portfolio CO 2 abatement at customers The Siemens Environmental Portfolio comprises products and solutions that contribute directly to environmental protection and climate change mitigation At 29.9 billion, revenue from our Environmental Portfolio represents over 40% of total revenue Our revenue target for the Environmental Portfolio is 40 billion by fiscal 2014 In fiscal 2011, the products and solutions of our Environmental Portfolio helped customers save 317 million tons 1) of CO 2 … … that's roughly equal to 1% of global energy-related CO 2 emissions in 2010 – or almost 40% of Germanys. 1)Including OSRAM; 2) Figure for FY 2010 excludes OSRAM but includes newly qualified portfolio 2014 (Ziel) ) …roughly equal to 1% of global CO 2 emissions in 2010 (in billions) (in millions of tons)

35 © Siemens AG All rights reserved December 2011Page 35 Innovation-driven growth markets Technologies in our Environmental Portfolio Renewables Environmental technology Energy efficiency Technologies for renewable energies such as Wind power Grid access for wind power Steam turbines for solar thermal power plants Environmental technologies such as Water technologies Air pollution control Products and solutions with exceptional energy efficiency such as Combined-cycle power plants Industrial drive systems Traffic management solutions High Voltage Direct Current (HVDC) power transmission Energy performance contracting Efficient lighting

36 © Siemens AG All rights reserved December 2011Page 36 Innovation-driven growth markets Siemens drives technologies of the future Desertec Industrial Initiative Electromobility Smart Grid SMART products Solar power for Africa and Europe Siemens as technology driver Goal: meet 17% of Europe's demand for electricity with solar and wind by 2050 Shaping the future of transportation Siemens offers comprehensive solutions from (charging infrastructure to drives) Integration of electric cars in power grid: batteries used to store power The smart grids of the future Flexible grids that enable decentralized feed-in and better capacity utilization Smart grids have potential to abate more than 1 billion tons of CO 2 by 2020 Understanding requirements in emerging countries Customized portfolio for medium price segment Affordable, high-quality products for the growth markets of the future

37 © Siemens AG All rights reserved December 2011Page 37 One Siemens Three strategic directions WHAT? Focus on innovation-driven growth markets WHERE? Get closer to customers HOW? Use the power of Siemens 1 2 3

38 © Siemens AG All rights reserved December 2011Page 38 Get closer to our customers Siemens One More than 1,200 key account managers serve top customers worldwide Integral part of our integrated technology company Stands for customer focus and key account management A powerful platform for collaboration among Sectors, Divisions, Clusters and Regions Global and regional account teams and market-specific organizations

39 © Siemens AG All rights reserved December 2011Page 39 Get closer to our customers One local partner provides access to our entire portfolio

40 © Siemens AG All rights reserved December 2011Page 40 One Siemens Three strategic directions WHAT? Focus on innovation-driven growth markets WHERE? Get closer to customers HOW? Use the power of Siemens 1 2 3

41 © Siemens AG All rights reserved December 2011Page 41 Siemens encourages lifelong learning Siemens embraces diversity – it sparks creativity and strengthens our position in local markets all over the world Siemens stands for integrity We operate in more than 190 countries and employ more than 240,000 people outside our home market Germany We actively encourage the personal and professional development of employees regardless of age, gender, national origin and religion We support employees in balancing job and family In fiscal 2011, we invested more than 250 million in the training and education of employees worldwide In the 2011 Dow Jones Sustainability Index, Siemens ranked No. 1 in its industry for the fourth time in a row and received the highest possible rating in the category compliance Siemens' Business Conduct Guidelines apply to all employees Use the power of Siemens The people of Siemens

42 © Siemens AG All rights reserved December 2011Page 42 Contacts Management Mr. George Catalin Costache (CEO) Mr. Joachim Wiesner (CFO) Siemens S.R.L. Bulevardul Preciziei nr.24, Corp H , Bucuresti, Romania


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