Siemens Gamesa Facts and Figures

One Siemens Financial Framework Clear targets to measure success and accountability Siemens One Siemens Financial Framework SIEMENS Ingenuity for life Growth: Siemens > most relevant competitors 1) (Comparable revenue growth) Capital efficiency (ROCE²)) 15-20% Total cost productivity³) 3 -5% p.a. Capital structure (Industrial net debt/EBITDA) up to 1.0x Dividend payout ratio 40-60%4) Profit Margin ranges of businesses (excl. PPA) 5) PG 11-15% EM 7-10% SGRE 5-8% BT 8 - 11% MO 6-9% DF PD 8 - 12% SFS6) 15-20% 14 -20% HC 15-19% 1) ABB, GE, Schneider, MHI, Eaton, weighted; 2) Based on continuing and discontinued operations; 3) Productivity measures divided by functional costs (cost of sales, R&D, SG&A expenses) of the group; 4) Of net income excluding exceptional non-cash items; 5) Excl. acquisition related amortization on intangibles; 6) SFS based on return on equity after tax Unrestricted Page 11 Siemens AG 2018 New York, January 9, 2018 Commerzbank German Investment Seminar

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