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© Siemens AG 2012. Alle Rechte vorbehalten.
New Developments on Industrial Steam TurbinesEnhanced PlatformThe next generation of Siemens industrial steam turbines
Flexibility meets EfficiencyThe new pre-designed multistage steam turbine SST-111
Power-Gen Europe12. Juni 2012, Köln
Markus TackeCEO Industrial PowerOil and Gas Division of Siemens Energy
Power-Gen Europe 2012© Siemens AG 2012. Alle Rechte vorbehalten.
Seite 2
Steam Turbines
Alstom Industrial Turbines
Enhanced PlatformThe Heritage of Siemens Industrial ST Technology
Industrial Steam TurbinesLarge Steam Turbines
2004ABBAEG Kanis
ASEA STAL 19901980
1960 1970 19901980 200020thcentury
Görlitzer Maschinenbau-Anstalt 1992
Demag Delaval 2002
KK&K 2007
AEG Steam Turbines 1969
2010
Power-Gen Europe 2012© Siemens AG 2012. Alle Rechte vorbehalten.
Seite 3
Enhanced PlatformDrivers to develop a new Turbine Platform
External requirements Use of state of the art
design allowing significant gains
Extended features e.g. optimized start-up time
Extended operating capabilities
Increased flexibility to adapt to customer needs
Increased efficiency Improved economical
solutions
Internal drivers Acquisition history led to
overlap in product portfolio and power range
Huge variation of Steam Turbine Types incl. the maintenance of the tools
Implementation of advantages of all families in one product
Incorporation of new state of the art features
The Enhanced Platform The next generation of Siemens industrial steam turbines
Power-Gen Europe 2012© Siemens AG 2012. Alle Rechte vorbehalten.
Seite 4
Enhanced Platform Key Parameters
Power output 15 – 250 MWSpeed 18000 – 3000 rpm
Live steam Inlet pressure/temp ≤ 165 bar/≤ 565 °C Inlet pressure/temp ≤ 2393 psi/≤ 1049 °F
Controlled extractions(up to 2) Pressure, ext. valve ≤ 72 bar/1044 psi Pressure, int. valve ≤ 55 bar/798 psi Temperature ≤ 480 °C/895 °F
Bleeds (up to 6) ≤ 85 bar/1233 psi
Exhaust conditions Back-pressure ≤ 80 bar/1160 psi Condensing ≤ 1.0 bar/15 psi District heating ≤ 3.0 bar/43 psi
Improvements Power output +75 MW Inlet temperature +25 K Extraction pressure +20 bar
Power-Gen Europe 2012© Siemens AG 2012. Alle Rechte vorbehalten.
Seite 5
Enhanced PlatformBlades and Vanes
Improved blade and seal concept provides highest efficiency.
Optimized seal concept in shape of shroud and number of fins minimizes leakages All HP blades utilize well proven
root/clamping design, thus ensuring reliability
Improved cylindrical and conical HP blades allow for longer airfoils and provide most competitive cost
3D optimized HP blades reach highest efficiency, still allowing simple processes in sales, engineering, and production due to predefined sub-components
The integration of all current state of the art last stage blades provides full flexibility to meet customer requirements
Power-Gen Europe 2012© Siemens AG 2012. Alle Rechte vorbehalten.
Seite 6
OptimizedPerformance
Higher Steam Parameter at In- and Outlets
High Reliability
Reduced Start-up Time
Faster Load Changes
Improved Efficiency
Long Life Cycle – Increased Life Time
Extensive Tested and Verified First Turbine
Enhanced PlatformCustomer Benefits
Power-Gen Europe 2012© Siemens AG 2012. Alle Rechte vorbehalten.
Seite 7
SST-111Siemens Pre-designed steam turbine range
SST-111: Filling the multistage gap
Type Power Output (MWe)
SST-040 0.3
SST-050 0.75
SST-060 6
SST-110 7
SST-111 12
101 2 3 4 5 6 7 8 90,5 1211
Power-Gen Europe 2012© Siemens AG 2012. Alle Rechte vorbehalten.
Seite 8
SST-111General overview
Technical Data Power output up to 12 MW
Main steam pressure up to 131 bar(a)
Main steam temperature up to 530° C
Exhaust steam pressure: Condensation down to 0.06 bar(a)
Typical DimensionsLength: approximately 8 m,
including generator
Width: 4.0 m
Height: 4.0 m
Power-Gen Europe 2012© Siemens AG 2012. Alle Rechte vorbehalten.
Seite 9
SST-111Technical features
Quick start capable (no preheating) Saturated steam operation Backpressure / condensing type Pressure-controlled extraction and/or
admission steam Robust blisk design Nozzle-group control valves Compact package design Integrated oil supply system ATEX design available (optional) High efficient and reliable Designed according to the latest
functional safety standards IEC 61508 / 61511
Maximum flexibility and optimized efficiency through multicasing design:up to two controlled extractions, reheat and / or admission steam possible
Power-Gen Europe 2012© Siemens AG 2012. Alle Rechte vorbehalten.
Seite 10
SST-111Seven good reasons to go with the SST-111
1 Higher efficiency
2 Flexibility (Controlled Extraction / Condensing / Reheat)
3 Quick start-up
4 Competitive price
5 Proven solution
6 Compact design and simple installation
7 Low maintenance costs
Power-Gen Europe 2012© Siemens AG 2012. Alle Rechte vorbehalten.
Seite 11
SST-111A perfect fit for decentralized power generation
FlexibilitymeetsEfficiency
Industrial Power Generation
Productionengineering companies
Municipal Power Generation
Biomass, waste to energy(High efficiency)
Waste heat, CHP (Value for money, availability)
Combined cycle(Controlled extraction)
Concentrated Solar Power(High efficiency, quick start-up)
© Siemens AG 2012. All rights reserved.
Thank you for your Attention!
Power-Gen Europe 2012© Siemens AG 2012. Alle Rechte vorbehalten.
Seite 13
Disclaimer
NOTES AND FORWARD-LOOKING STATEMENTS
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expects,” “looks forward to,” “anticipates,” “intends,” “plans,”“believes,” “seeks,” “estimates,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to stockholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond Siemens’ control, affect Siemens’ operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or anticipated on the basis of historical trends. These factors include in particular, but are not limited to, the matters described in Item 3: Risk factors of our most recent annual report on Form 20-F filed with the SEC, in the chapter “Risks” of our most recent annual report prepared in accordance with the German Commercial Code, and in the chapter “Report on risks and opportunities” of our most recent interim report.
Further information about risks and uncertainties affecting Siemens is included throughout our most recent annual, and interim reports as well as our most recent earnings release, which are available on the Siemens website, www.siemens.com, and throughout our most recent annual report on Form 20-F and in our other filings with the SEC, which are available on the Siemens website, www.siemens.com, and on the SEC’s website, www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of Siemens may vary materially from those described in the relevant forward-looking statement as being expected, anticipated, intended, planned, believed, sought, estimated or projected. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
This document includes supplemental financial measures that are or may be non-GAAP financial measures. New orders and order backlog; adjusted or organic growth rates of revenue and new orders; book-to-bill ratio; Total Sectors profit; return on equity (after tax), or ROE (after tax); return on capital employed (adjusted), or ROCE (adjusted); Free cash flow, or FCF; cash conversion rate, or CCR; adjusted EBITDA; adjusted EBIT; adjusted EBITDA margins, earnings effects from purchase price allocation, or PPA effects; net debt and adjusted industrial net debt are or may be such non-GAAP financial measures. These supplemental financial measures should not be viewed in isolation as alternatives to measures of Siemens’ financial condition, results of operations or cash flows as presented in accordance with IFRS in its Consolidated Financial Statements. Other companies that report or describe similarly titled financial measures may calculate them differently. Definitions of these supplemental financial measures, a discussion of the most directly comparable IFRS financial measures, information regarding the usefulness of Siemens’ supplemental financial measures, the limitations associated with these measures and reconciliations to the most comparable IFRS financial measures are available on Siemens’ Investor Relations website at www.siemens.com/nonGAAP. For additional information, see supplemental financial measures and the related discussion in Siemens’ most recent annual report on Form 20-F, which can be found on our Investor Relations website or via the EDGAR system on the website of the United States Securities and Exchange Commission.