Stringent capital allocation balancing investments and shareholder return Unrestricted | © Siemens 2024 | Equity Story Page 46 Focused investments FY 19 – FY 23 Strong and sustainable shareholder return FY 19 – FY 23 €1 1 bn Capex €26bn R&D €20bn ¹ Acquisitions €6bn Share buyback €16bn Dividends 1 Therein acquisition of Varian ( $16.4 bn in FY 21) Note: Siemens c/o excluding Siemens Energy; cash - based view • Organic growth at attractive returns • Balanced global footprint • Strengthened portfolio Strategic Imperatives Areas of growth? 1 Potential profit pool? 2 Why Siemens? 3 Synergetic value? 4 Paradigm shift? 5 Sustainability impact? 6 • Progressive dividend policy • Expanded share buyback €57bn €22bn