1、 Siemens Report FOR FISCAL 2022Table of contents Combined Management Report Consolidated Financial Statements Responsibility Statement(Siemens Group)Independent Auditors Reports(Siemens Group)Annual Financial Statements Responsibility Statement(Siemens AG)Independent Auditors Report(Siemens AG)Five-

2、Year Summary Compensation Report(including Auditors Report)Report of the Supervisory Board Corporate Governance Statement Notes and forward-looking statements Combined Management Report FOR FISCAL 2022Table of contents Combined Management Report 3 4 4 4 4 4 5 6 6 6 8 9 10 12 12 13 14 14 15 15 16 17

3、17 18 20 22 22 23 25 29 30 33 33 34 34 35 35 35 35 35 37 37 37 1.Organization of the Siemens Group and basis of presentation 2.Financial performance system 2.1 Revenue growth 2.2 Profitability and capital efficiency 2.3 Capital structure 2.4 Liquidity and dividend 2.5 Calculations of EPS pre PPA and

4、 ROCE 3.Segment information 3.1 Overall economic conditions 3.2 Digital Industries 3.3 Smart Infrastructure 3.4 Mobility 3.5 Siemens Healthineers 3.6 Siemens Financial Services 3.7 Portfolio Companies 3.8 Reconciliation to Consolidated Financial Statements 4.Results of operations 4.1 Orders and reve

5、nue by region 4.2 Income 4.3 Research and development 5.Net assets position 6.Financial position 6.1 Capital structure 6.2 Cash flows 7.Overall assessment of the economic position 8.Report on expected developments and associated material opportunities and risks 8.1 Report on expected developments 8.

6、2 Risk management 8.3 Risks 8.4 Opportunities 8.5 Significant characteristics of the internal control and risk management system 9.Siemens AG 9.1 Results of operations 9.2 Net assets and financial position 9.3 Corporate Governance statement 10.Takeover-relevant information(pursuant to Sections 289a