Innovation investments as key lever ... ... to drive market leadership & profitable growth Leadership in digitalization, decarbonization and resource efficiency Stringent capital allocation in future growth fields creating business impact Unrestricted | © Siemens 2024 | Equity Story Page 12 8.0% Further increase R&D in €bn ~8% R&D in % of revenue DI SI MO SHS T/Other 1.9 0.8 2.9 0.4 0.2 FY 23 FY 24e Digital Industries • Industrial Operations X, e.g. SW defined control, next generation inverters with Digital Twin and edge connectivity • Expand SaaS offerings and EDA functionality Mobility • Lifecycle optimized Rolling Stock and Rail Infrastructure • Alternative propulsions Siemens Company Core Technologies (CCT) • >€500m annual invest to drive technology leadership • Intensified collaboration across businesses e.g. for AI, cybersecurity, advanced manufacturing & circularity Smart Infrastructure • Expand market leading F - gas - free Blue GIS portfolio • Digital offerings for building management and grids