Siemens Financial Framework Targets over 3 – 5 year cycle Unrestricted | © Siemens 2024 | Equity Story Page 22 Siemens 1 Excluding defined acquisition - related effects for Varian 2 Cash conversion rate: FCF/Net income 3 “Profit” represents EBITA adjusted for amortization of intangible assets not acquired in business combinations; margin range for Siemens Healthineers reflects Siemens’ expectation 4 Return on Equity after tax Targets as presented at CMD 2021 Businesses Digital Industries Smart Infrastructure Mobility Siemens Healthineers Financial Services 17 – 23 % 11 – 16% 10 – 13% 17 – 21% RoE ⁴ 15 – 20% 1 – comp. revenue growth rate ARR Service Service Profit margin range ³ Cash conversion rate Resilience KPI Revenue comparable growth Capital efficiency ROCE 1 Cash Cash conversion rate (all in) 2 Earnings EPS pre PPA Capital structure Industrial net debt/EBITDA Dividend 5 – 7% 15 – 20% 1 – comp. revenue growth rate High single - digit growth up to 1.5x Progressive dividend policy