Compensation Report → B. Compensation of Managing Board members B.7 Outlook for fiscal 2024 The following overview shows the performance criteria for variable compensation for fiscal 2024, as approved by the Supervisory Board of Siemens AG. These criteria are based on the regularly audited and adjusted compensation system, which will be submitted to the Annual Shareholders’ Meeting for approval in February 2024. Outlook for fiscal 2024 – Variable compensation BONUS Key performance Performance criterion indicator Details Financial Profit EPS pre PPA, Analogously to fiscal 2023, basic earnings per share before purchase price targets basic allocation (EPS pre PPA) is used to place the focus on Siemens' operating performance and present it transparently. Profitability / ROCE With adjusted return on capital employed (ROCE adjusted), we aim to focus on capital efficiency adjusted Siemens' operating performance, analogously to fiscal 2023. Therefore, ROCE – as defined in the Siemens Financial Framework, which excludes certain Varian-related acquisition effects – is adjusted for the main effects relating to the stake in Siemens Energy. Individual Liquidity CCR Cash conversion rate (CCR), measured on the basis of: targets • Siemens Group for Managing Board members with primarily functional responsibility • the relevant business for Managing Board members with business responsibility Growth Comparable Comparable revenue growth, measured on the basis of: revenue growth • Siemens (c/o) for Managing Board members with primarily functional responsibility • the relevant business for Managing Board members with business responsibility Execution of the • Business development Company’s strategy • Expansion of Siemens Xcelerator business • Strengthening the Regions • Next Work Sustainability • Further development of the DEGREE framework • Further anchoring of sustainability in business processes and product development STOCK AWARDS Key performance Performance criterion indicator Details Long-term value creation Total shareholder Development of the TSR of Siemens AG relative to the international sector index return (TSR) MSCI World Industrials Sustainability Siemens The Siemens ESG/Sustainability index for the 2024 Stock Awards tranche is based ESG/ on the following two equally weighted key performance indicators: Sustainability • CO2 emissions index • Digital learning hours per employee FISCAL 2023 31