Portfolio Companies Under the umbrella of Portfolio Companies, Siemens operates the units Innomotics and Siemens Logistics. The motor and large drive supplier Innomotics combines business activities with low- to high- voltage motors, geared motors, medium-voltage inverters and motor spindles under one roof. Siemens Logistics is a leading provider of innovative and high-performance solutions for airport logistics. The Portfolio Companies employ about 20,700 people and generated approximately €4.7 billion 1 in revenue in fiscal 2023 . With a decentralized setup, fast decision-making processes and quick reaction times, these units are agile and flexible, which makes them more Chairman Dr. Horst J. Kayser competitive in their specific markets and enables Head of Dr. Martin Meyer them to focus on their customers more intently. Finance HQ Erlangen, Germany 1Employees(as of September 30, 2023) and revenue (in fiscal 2023) reflect comparable key figures for the new structure, i.e. DI Innomotics businesses are shown as part of POC. Page 40 Unrestricted | © Siemens 2024 | May 2024