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    <TeaserBlock><MetaData>
        <PageType>Press Event</PageType>
        <EditorExt>Siemens AG</EditorExt>
        <Location>Berlin</Location>
    </MetaData><Intro>
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    <Alt>Siemens' Strategic Realignment and Second Quarter Results Fiscal Year 2014</Alt>
  </HeaderImage><Headline>Siemens' Strategic Realignment and Second Quarter Results Fiscal Year 2014</Headline>
        <IntroText>The strategic realignment will enable Siemens to focus on growth fields in electrification, automation and digitalization. The organization will be streamlined. Employee participation in the company's success will intensify.</IntroText>
    </Intro><Event>
        <StartDate>2014-05-07T00:00:00</StartDate>
        <Location>Berlin</Location>
    </Event></TeaserBlock>
    <MetaData>
        <PageType>Press Event</PageType>
        <EditorExt>Siemens AG</EditorExt>
        <Location>Berlin</Location>
    </MetaData>
    <Event>
        <StartDate>2014-05-07T00:00:00</StartDate>
        <Location>Berlin</Location>
    </Event>
    <Intro>
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    <Alt>Siemens' Strategic Realignment and Second Quarter Results Fiscal Year 2014</Alt>
  </HeaderImage><Headline>Siemens' Strategic Realignment and Second Quarter Results Fiscal Year 2014</Headline>
        <IntroText>The strategic realignment will enable Siemens to focus on growth fields in electrification, automation and digitalization. The organization will be streamlined. Employee participation in the company's success will intensify.</IntroText>
    </Intro>
    <Row>
        <Box>
            <FormattedText>The press and analyst conference regarding Siemens' strategic realignment and the financial figures for the second quarter 2014 was broadcast live.</FormattedText>
        </Box>
    </Row>
    <Row>
        <Box>
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                <InternalReference></InternalReference>
                <Description>Disclaimer "forward looking statements"</Description>
                <Target>_self</Target>
            </TextLink>
        </Box>
    </Row>
    <Row VisibleCols="3" Interaction="carousel points">
        <Headline>Press Releases regarding strategic realignment</Headline>
        <RefLink resolvedReference="/en/pressrelease/siemens-vision-2020" AdditionalReferenceInformation="[Posting][Empty][][/node/4966][4966:en][][]]" processed="1">
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            <Description>Siemens – Vision 2020</Description>
            <Target>_self</Target>
        <TeaserBlock title="Siemens – Vision 2020" url="https://press.siemens.com/global/en/pressrelease/siemens-vision-2020" ct="c2_ct_press_release" date-modified="2019-09-19 16:29:32" lang="en"><MetaData><PageType>Press Release</PageType><Date>2014-05-07</Date><EditorExt>Siemens AG</EditorExt><Location>Munich</Location></MetaData><Intro><Topic>business</Topic><Headline>Siemens – Vision 2020</Headline><Summary><ul><li>Focus on growth fields along the electrification, automation and digitalization</li><li>Acquisition of Rolls-Royce gas turbine and compressor business, joint venture for Metals Technologies and public listing of audiology set the course</li><li>New organization with flatter structures – Sector level eliminated</li><li>Greater employee participation in company success – Siemens to make up to €400 million available annually depending on company performance</li><li>Launch of share buyback of up to €4 billion upcoming</li></ul></Summary><IntroText>In the future, Siemens AG will position itself along the electrification, automation and digitalization. Along these value chains Siemens has identified several growth fields in which it sees its greatest long-term potential. The company is orienting its resource allocation toward these growth fields and has announced concrete measures in this direction. The measures include the purchase of the major part of Rolls-Royce’s energy business and the contribution of Siemens’ Metals Technologies into a joint venture. A public listing of the audiology business will also be prepared. In addition, Siemens is making its organization flatter and more customer-oriented. This is Siemens – Vision 2020.</IntroText></Intro><Taxonomy name="press_business"><Entry id="1">Siemens AG</Entry></Taxonomy></TeaserBlock></RefLink>
        <RefLink resolvedReference="/en/pressrelease/siemens-and-mitsubishi-heavy-industries-form-joint-venture-metals-industry" AdditionalReferenceInformation="[Posting][Empty][][/node/4790][4790:en][][]]" processed="1">
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            <Description>Siemens and Mitsubishi Heavy Industries form joint venture for metals industry</Description>
            <Target>_self</Target>
        <TeaserBlock title="Siemens and Mitsubishi Heavy Industries form joint venture for metals industry" url="https://press.siemens.com/global/en/pressrelease/siemens-and-mitsubishi-heavy-industries-form-joint-venture-metals-industry" ct="c2_ct_press_release" date-modified="2019-09-19 16:29:32" lang="en"><MetaData><PageType>Press Release</PageType><Date>2014-05-07</Date><EditorExt>Siemens AG</EditorExt><Location>Munich</Location></MetaData><Intro><Topic>business</Topic><Headline>Siemens and Mitsubishi Heavy Industries form joint venture for metals industry</Headline><Summary><ul><li>Strong partners with complementing technological competencies found joint venture</li><li>Existing regional organizations ideally complement one another</li><li>Structures tailored to global market requirements and the international competitive environment</li></ul></Summary><IntroText>Siemens and Mitsubishi Heavy Industries (MHI) want to cooperate in the field of metallurgical industry and are forming a globally operating complete provider for plants, products and services for the iron, steel and aluminum industry. Responding to the challenging market environment and high price pressure, two strong partners are bundling their individual strengths and establishing a powerful and globally well positioned joint venture. An agreement to this effect has just been signed. According to the agreement, MHI will hold a 51-percent and Siemens a 49-percent stake in the joint venture. Subject to approval of the relevant authorities, the joint venture will start operations in January 2015.</IntroText></Intro><Taxonomy name="press_business"><Entry id="1">Siemens AG</Entry></Taxonomy></TeaserBlock></RefLink>
        <RefLink resolvedReference="/en/pressrelease/siemens-acquire-rolls-royce-energy-gas-turbine-and-compressor-business-and-enter-long" AdditionalReferenceInformation="[Posting][Empty][][/node/4811][4811:en][][]]" processed="1">
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            <Description>Siemens to acquire the Rolls-Royce Energy gas turbine and compressor business and enter into a long-term technology partnership</Description>
            <Target>_self</Target>
        <TeaserBlock title="Siemens to acquire the Rolls-Royce Energy gas turbine and compressor business and enter into a long-term technology partnership" url="https://press.siemens.com/global/en/pressrelease/siemens-acquire-rolls-royce-energy-gas-turbine-and-compressor-business-and-enter-long" ct="c2_ct_press_release" date-modified="2019-09-19 16:29:32" lang="en"><MetaData><PageType>Press Release</PageType><Date>2014-05-06</Date><EditorExt>Siemens AG</EditorExt><Location>Munich</Location></MetaData><Intro><Topic>business</Topic><Headline>Siemens to acquire the Rolls-Royce Energy gas turbine and compressor business and enter into a long-term technology partnership</Headline><Summary><ul><li>Siemens completes portfolio with aero-derivative gas turbines for growth in the oil and gas and decentralized power generation sectors</li><li>Purchase price for the acquired business is £785 million or about €950 million</li><li>Transaction expected to close before the end of December 2014</li></ul></Summary><IntroText>Siemens is acquiring the Rolls-Royce Energy aero-derivative gas turbine and compressor business and thereby strengthening its position in the growing oil and gas industry as well as in the field of decentralized power generation. The purchase price is £785 million or about €950 million. The transaction is expected to close before the end of December 2014, subject to regulatory approvals.</IntroText></Intro><Taxonomy name="press_business"><Entry id="1">Siemens AG</Entry></Taxonomy></TeaserBlock></RefLink>
        <RefLink resolvedReference="/en/pressrelease/siemens-names-future-management-team" AdditionalReferenceInformation="[Posting][Empty][][/node/4782][4782:en][][]]" processed="1">
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            <Description>Siemens names future management team</Description>
            <Target>_self</Target>
        <TeaserBlock title="Siemens names future management team" url="https://press.siemens.com/global/en/pressrelease/siemens-names-future-management-team" ct="c2_ct_press_release" date-modified="2019-09-19 16:29:32" lang="en"><MetaData><PageType>Press Release</PageType><Date>2014-05-06</Date><EditorExt>Siemens AG</EditorExt><Location>Munich</Location></MetaData><Intro><HeaderImage resolvedReference="white-pixel.gif" AdditionalReferenceInformation="[DAM][Empty][][white-pixel.gif][cdaf0186-3b01-4028-8e74-a312af8016b5][][jpg]" behavior="left" ShowDownloadIcon="false" ShowMagnifier="false" dimension="3"><InternalReference>cdaf0186-3b01-4028-8e74-a312af8016b5</InternalReference><Alt>Lisa Davis</Alt><ImageCaption>Lisa Davis</ImageCaption></HeaderImage><Topic>business</Topic><Headline>Siemens names future management team</Headline><IntroText>As part of its realignment, Siemens AG has named its future management team. The Supervisory Board of Siemens AG has appointed Lisa Davis – who is currently Executive Vice President Strategy, Portfolio and Alternative Energies at Royal Dutch Shell – to the Managing Board, effective August 1, 2014. Lisa Davis will be responsible on the Managing Board for the Power and Gas Division, the Wind Power and Renewables Division, the Power Generation Services Division, the Region North America and the Region South America. She will be based in the United States. Michael Süß is resigning from the Managing Board with immediate effect, for personal reasons and by mutual consent. He will continue to be available to Siemens' President and CEO in a consultative capacity. Until Lisa Davis assumes her position, the Energy Sector will be headed by Randy Zwirn on an acting basis and represented on the Managing Board by Klaus Helmrich.</IntroText></Intro><Taxonomy name="press_business"><Entry id="1">Siemens AG</Entry></Taxonomy></TeaserBlock></RefLink>
        <RefLink resolvedReference="/en/pressrelease/siemens-prepares-public-listing-audiology-business" AdditionalReferenceInformation="[Posting][Empty][][/node/4910][4910:en][][]]" processed="1">
            <InternalReference>4910:en</InternalReference>
            <Description>Siemens prepares public listing of audiology business</Description>
            <Target>_self</Target>
        <TeaserBlock title="Siemens prepares public listing of audiology business" url="https://press.siemens.com/global/en/pressrelease/siemens-prepares-public-listing-audiology-business" ct="c2_ct_press_release" date-modified="2019-09-19 16:29:32" lang="en"><MetaData><PageType>Press Release</PageType><Date>2014-05-06</Date><EditorExt>Siemens AG</EditorExt><Location>Munich</Location></MetaData><Intro><Topic>business</Topic><Headline>Siemens prepares public listing of audiology business</Headline><IntroText>As part of its realignment, Siemens AG is preparing to publicly list its audiology activities in order to give the business an opportunity to better leverage its potential outside the company. Step by step, Siemens' hearing aid activities have succeeded in capturing a strong market position in recent years. Experts predict that by 2020 the market for hearing aids will have grown by an average of four percent per year.</IntroText></Intro><Taxonomy name="press_business"><Entry id="1">Siemens AG</Entry></Taxonomy></TeaserBlock></RefLink>
    </Row>
    <Row VisibleCols="2">
        <Headline>Press Releases Q2</Headline>
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            <Description>Earnings Release Q2 FY 2014: Mixed Performance, Outlook Confirmed</Description>
            <Target>_self</Target>
        <TeaserBlock title="Earnings Release Q2 FY 2014: Mixed Performance, Outlook Confirmed" url="https://press.siemens.com/global/en/pressrelease/earnings-release-q2-fy-2014-mixed-performance-outlook-confirmed" ct="c2_ct_press_release" date-modified="2019-07-01 14:19:42" lang="en"><MetaData><PageType>Press Release</PageType><Date>2014-05-07</Date><EditorExt>Siemens AG</EditorExt><Location>Munich</Location></MetaData><Intro><Topic>business</Topic><Headline>Earnings Release Q2 FY 2014: Mixed Performance, Outlook Confirmed</Headline><Summary><ul><li>Second-quarter revenue was 2% lower year-over-year. On an organic basis, excluding currency translation and portfolio effects, revenue rose 1%.</li><li>Orders declined 13% compared to the prior-year period which included a substantially higher volume from large orders. On an organic basis, orders were 10% lower year-over-year. The book-to-bill ratio was 1.06 for the quarter, and Siemens' order backlog reached a new high at €103 billion.</li><li>Total Sectors profit rose 16%, to €1.566 billion, highlighted by a strong profit increase in Infrastructure & Cities, and income from continuing operations climbed 19%.</li><li>Net income for the second quarter rose 12% year-over-year, to €1.153 billion, and basic earnings per share (EPS) increased to €1.33. </li><li>Free cash flow from continuing operations was €1.390 billion, up slightly from €1.360 billion in the second quarter a year earlier.</li></ul></Summary><IntroText>"The second quarter showed that we still have a lot to do to improve our operating performance. Nevertheless we are on course to reach our targets for the fiscal year."</IntroText></Intro><Taxonomy name="press_business"><Entry id="1">Siemens AG</Entry></Taxonomy></TeaserBlock></RefLink>
        <RefLink resolvedReference="/en/pressrelease/mixed-performance-outlook-confirmed" AdditionalReferenceInformation="[Posting][Empty][][/node/4808][4808:en][][]]" processed="1">
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            <Description>Mixed performance, outlook confirmed</Description>
            <Target>_self</Target>
        <TeaserBlock title="Mixed performance, outlook confirmed" url="https://press.siemens.com/global/en/pressrelease/mixed-performance-outlook-confirmed" ct="c2_ct_press_release" date-modified="2019-09-19 16:29:32" lang="en"><MetaData><PageType>Press Release</PageType><Date>2014-05-07</Date><EditorExt>Siemens AG</EditorExt><Location>Munich</Location></MetaData><Intro><Topic>business</Topic><Headline>Mixed performance, outlook confirmed</Headline><Summary><ul><li>Net income climbs 12 percent to €1.2 billion</li><li>Revenue rises one percent, new orders decline ten percent (on comparable basis)</li><li>Book-to-bill at 1.06 – record order backlog of €103 billion</li><li>Order and revenue growth weakened by strong euro</li></ul></Summary><IntroText>Siemens looks back on a mixed performance in the second quarter of fiscal 2014. Profit in the second quarter was considerably higher than in the comparable prior-year period. A strong euro took four percentage points from order development and revenue growth. On a comparable basis, excluding currency translation and portfolio effects, revenue rose one percent year-over-year, and orders declined ten percent. The ratio of new orders to revenue (book-to-bill) was 1.06, and Siemens' order backlog reached a new high at €103 billion. With the publication of the quarterly figures, Siemens confirmed its outlook for fiscal 2014. "The second quarter showed that we still have a lot to do to improve our operating performance. Nevertheless we are on course to reach our targets for the fiscal year," said Siemens President and CEO Joe Kaeser.</IntroText></Intro><Taxonomy name="press_business"><Entry id="1">Siemens AG</Entry></Taxonomy></TeaserBlock></RefLink>
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        <Headline>Event Pictures</Headline>
        <Box>
            <Headline>Combined Semiannual Press and Analyst Conference 2014</Headline>
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            <FormattedText>Siemens AG will focus in the future on three value chains – electrification, automation and digitalization. Siemens President and CEO Joe Kaeser made this announcement in Berlin on May 7, 2014. In October 2014, as part of the company's new Vision 2020 strategic alignment, the Sector level will be eliminated and business bundled into nine instead of the current 16 Divisions.</FormattedText>
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            <FormattedText>Siemens AG will focus in the future on three value chains – electrification, automation and digitalization. Siemens President and CEO Joe Kaeser made this announcement in Berlin on May 7, 2014. In October 2014, as part of the company's new Vision 2020 strategic alignment, the Sector level will be eliminated and business bundled into nine instead of the current 16 Divisions.</FormattedText>
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            <Headline>Combined Semiannual Press and Analyst Conference 2014</Headline>
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            <FormattedText>Siemens AG will focus in the future on three value chains – electrification, automation and digitalization. Siemens President and CEO Joe Kaeser made this announcement in Berlin on May 7, 2014. In October 2014, as part of the company's new Vision 2020 strategic alignment, the Sector level will be eliminated and business bundled into nine instead of the current 16 Divisions.</FormattedText>
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            <Headline>Combined Semiannual Press and Analyst Conference 2014</Headline>
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            <FormattedText>Siemens AG will focus in the future on three value chains – electrification, automation and digitalization. Siemens President and CEO Joe Kaeser made this announcement in Berlin on May 7, 2014. In October 2014, as part of the company's new Vision 2020 strategic alignment, the Sector level will be eliminated and business bundled into nine instead of the current 16 Divisions.</FormattedText>
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                <Alt>Combined Semiannual Press and Analyst Conference 2014</Alt>
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            <FormattedText>Siemens AG will focus in the future on three value chains – electrification, automation and digitalization. Siemens President and CEO Joe Kaeser made this announcement in Berlin on May 7, 2014. In October 2014, as part of the company's new Vision 2020 strategic alignment, the Sector level will be eliminated and business bundled into nine instead of the current 16 Divisions.</FormattedText>
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            <Headline>Combined Semiannual Press and Analyst Conference 2014</Headline>
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                <Alt>Combined Semiannual Press and Analyst Conference 2014</Alt>
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            <FormattedText>Siemens AG will focus in the future on three value chains – electrification, automation and digitalization. Siemens President and CEO Joe Kaeser made this announcement in Berlin on May 7, 2014. In October 2014, as part of the company's new Vision 2020 strategic alignment, the Sector level will be eliminated and business bundled into nine instead of the current 16 Divisions.</FormattedText>
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            <Headline>Combined Semiannual Press and Analyst Conference 2014</Headline>
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            <FormattedText>Siemens AG will focus in the future on three value chains – electrification, automation and digitalization. Siemens President and CEO Joe Kaeser made this announcement in Berlin on May 7, 2014. In October 2014, as part of the company's new Vision 2020 strategic alignment, the Sector level will be eliminated and business bundled into nine instead of the current 16 Divisions.</FormattedText>
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        <Headline>Related Information</Headline>
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            <Headline>Documents</Headline>
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                    <Description>Earnings Release</Description>
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                    <Description>Key Figures and Financial Statements: Income, Financial Position, Cash Flow, Segment Information, Additional Segment Information</Description>
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            <Headline>Presentation and Speeches</Headline>
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                    <Description>Speech Joe Kaeser and Ralf P. Thomas</Description>
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                    <Description>Audio Recording</Description>
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            <Headline>Financial data</Headline>
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                    <Description>Annual Report</Description>
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    <Description>Compensation Report 2013</Description>
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                    <Description>First Quarter 2014</Description>
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                    <Description>Fourth Quarter 2013</Description>
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                    <Description>Third Quarter 2013</Description>
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Press EventSiemens AGBerlin

Siemens' Strategic Realignment and Second Quarter Results Fiscal Year 2014

Berlin, 07 May 2014

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The strategic realignment will enable Siemens to focus on growth fields in electrification, automation and digitalization. The organization will be streamlined. Employee participation in the company's success will intensify.

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The press and analyst conference regarding Siemens' strategic realignment and the financial figures for the second quarter 2014 was broadcast live.

Disclaimer "forward looking statements"

Press Releases regarding strategic realignment

Press Release07 May 2014

Siemens – Vision 2020

Focus on growth fields along the electrification, automation and digitalization
Acquisition of Rolls-Royce gas turbine and compressor business, joint venture for Metals Technologies and public listing of audiol...
New organization with flatter structures – Sector level eliminated
Greater employee participation in company success – Siemens to make up to €400 million available annually depending on company per...
Launch of share buyback of up to €4 billion upcoming

Press Release07 May 2014

Siemens and Mitsubishi Heavy Industries form joint venture for metals industry

Strong partners with complementing technological competencies found joint venture
Existing regional organizations ideally complement one another
Structures tailored to global market requirements and the international competitive environment

Press Release06 May 2014

Siemens to acquire the Rolls-Royce Energy gas turbine and compressor business and enter into a long-term technology partnership

Siemens completes portfolio with aero-derivative gas turbines for growth in the oil and gas and decentralized power generation sec...
Purchase price for the acquired business is £785 million or about €950 million
Transaction expected to close before the end of December 2014

Press Release06 May 2014

Siemens names future management team

As part of its realignment, Siemens AG has named its future management team. The Supervisory Board of Siemens AG has appointed Lis...

Press Release06 May 2014

Siemens prepares public listing of audiology business

As part of its realignment, Siemens AG is preparing to publicly list its audiology activities in order to give the business an opp...

Press Releases Q2

Press Release07 May 2014

Earnings Release Q2 FY 2014: Mixed Performance, Outlook Confirmed

Second-quarter revenue was 2% lower year-over-year. On an organic basis, excluding currency translation and portfolio effects, rev...
Orders declined 13% compared to the prior-year period which included a substantially higher volume from large orders. On an organi...
Total Sectors profit rose 16%, to €1.566 billion, highlighted by a strong profit increase in Infrastructure & Cities, and income f...
Net income for the second quarter rose 12% year-over-year, to €1.153 billion, and basic earnings per share (EPS) increased to €1.3...
Free cash flow from continuing operations was €1.390 billion, up slightly from €1.360 billion in the second quarter a year earlier...

Press Release07 May 2014

Mixed performance, outlook confirmed

Net income climbs 12 percent to €1.2 billion
Revenue rises one percent, new orders decline ten percent (on comparable basis)
Book-to-bill at 1.06 – record order backlog of €103 billion
Order and revenue growth weakened by strong euro

Event Pictures

Combined Semiannual Press and Analyst Conference 2014

Siemens AG will focus in the future on three value chains – electrification, automation and digitalization. Siemens President and CEO Joe Kaeser made this announcement in Berlin on May 7, 2014. In October 2014, as part of the company's new Vision 2020 strategic alignment, the Sector level will be eliminated and business bundled into nine instead of the current 16 Divisions.