AI demand is a significant inflection for accelerated data center investment Leverage strong portfolio and capacity expansion to gain market share Unrestricted | © Siemens 2024 | Equity Story Page 34 Electrification Infrastructure, MV&LV Building Management Digital Operations Financial Services Decarbonization Services Siemens Xcelerator Fire Safety Physical Security Comprehensive portfolio • Unprecedented AI growth drives massive build out of data centers globally • Supply chains for long - lead electrical infrastructure under pressure, power & grid capacity a potential constraint • Emerging EU and US legislation will require more transparent operations reporting , drives digital & sustainability demand • Expansion of new global colocation operators as hyperscalers look for more third - party capacity Key market trends • Key customer priority – secure supply for build planning • Ongoing capacity expansion for electrification equipment in U.S. will strengthen our market position • Growth trajectory points at market share gains H1 FY 24: Orders sharply up ; Revenue up by ~25% y - o - y