Siemens Ltd

- No specific mention of current or future new fundraising through debt or equity in the provided transcript. - The discussion primarily focuses on the divestment of the low voltage motors business and strategic restructuring. - Siemens Limited plans to distribute the entire sale consideration (after tax) as a special dividend, not indicating new fundraising. - There is emphasis on optimizing the portfolio and growing core high-growth, synergistic businesses rather than seeking external financing. - No direct references to plans for raising capital via debt or equity were made during the analyst call on May 19, 2023.

- Siemens Limited has made a significant acquisition of the electric vehicle (EV) division of Mass-Tech Controls, Mumbai, to strengthen its capability in EV charging infrastructure in India (Page 5). - The EV division's acquisition aims to complete Siemens India's e-mobility solutions portfolio and accelerate growth in the fast-growing e-mobility segment (Page 5). - Siemens is expanding manufacturing capacities, exemplified by the reopening of the bogie factory in Aurangabad to service metro and export projects, showing commitment to the Mobility market (Page 9). - New factories are being set up for emerging sectors like semiconductors, battery manufacturing, fuel cells, and solar, to support Digital Industries growth (Page 14). - Investments are being made into digitalization solutions like cyber security, intra logistics, warehousing, and SaaS models to drive Digital Industries' profitability (Page 17). - Focus on moving up the value chain from electrification to automation to digitalization, indicating ongoing investments in digital and automation technology (Page 8).

- Low voltage motors market grew at low single digit in units from 2018 to 2023. - Future growth expectations are slightly higher than past growth, targeting mid single digit to high single digit growth over the next couple of years (mid-segment growth). - Growth in sales/revenue is expected to align with market growth given the declining trend in commodity prices. - The proportion of the low voltage motors business is expected to reduce relative to more rapidly growing segments like locomotives, electrification, signalling, e-vehicles, Smart Infrastructure, and Digital Industries. - Digital Industries business expects growth driven by automation, digitalization, SaaS models, and higher-value solutions beyond motors. - Siemens plans to outsource motors moving forward without impacting overall Digital Industries growth and profitability.

- The low voltage motors business grew at a low single-digit rate between 2018 and 2023. - Future growth expectations are slightly higher than past growth, targeting mid-single-digit growth over the next couple of years. - Digital Industries' profitability is expected to improve through a shift to SaaS models and higher-value digitalization solutions, potentially sustaining or expanding margins. - Commodity price cooling may pressure margins in the low voltage motors business, but overall Digital Industries margins aim to move toward mid- to high-single digit growth. - Mobility business (railways, metros) and Smart Infrastructure, including e-mobility, are identified as key growth segments with substantial future ordering. - Given the strategic focus on automation and digitalization, the growth in revenues and profits for Siemens Limited is geared towards these higher margin and faster-growing segments.

- Siemens Limited reports substantial ordering and tendering activities in the Indian railways sector. - Current notable orders include a Rs. 26,000 crore locomotive order and various electrification and signalling projects. - There is an upcoming 12,000 HP locomotive tender expected around August. - Multiple projects for Vande Bharat trains, 12,000 HP locomotives, electrification, and signalling are in the pipeline. - The metro sector is being addressed on a case-to-case basis, with some metros forthcoming. - Siemens has expanded capacities, including reopening its bogie factory in Aurangabad to service metro and export projects. - Transmission business is picking up with several TBCB substation and statcom inquiries. - Power grid segment sees potential high-voltage projects with increasing grid volatility due to renewables.