Siemens 's CEO Hosts Siemens AG Capital Markets Day - Healthcare (Transcript)

Siemens AG (SI)

Siemens AG Capital Markets Day - Healthcare Call

February 14, 2012 05:00 pm ET

Executives

Mariel von Drathen - Head, IR

Hermann Requardt - Member of the Siemens Managing Board, Healthcare CEO

Michael Sen - Healthcare, CFO

Tom Miller - CEO, Customer Solutions

Michael Reitermann - CEO, Diagnostics

Norbert Gaus - CEO, Clinical Products

Bernd Montag - CEO, Imaging and Therapy Systems

John Glaser - CEO, Health Services

Analysts

Peter Reilly - Deutsche Bank

Ben Uglow - Morgan Stanley

Andreas Willi - JPMorgan

Olivier Esnou - Exane BNP Paribas

James Moore - Redburn

Gael de Bray - Societe Generale

Will Mackie - Berenberg Bank

Andrew Carter - Royal Bank of Canada

Fredric Stahl - UBS

Daniela Costa - Goldman Sachs

Timm Schulze-Melander - JPMorgan

Presentation

Mariel von Drathen

Good morning ladies and gentlemen. I would like to welcome you here in London and the ones that are watching through the webcast to Siemens Capital Market Day on its sector healthcare. We last spoke to you in detail on healthcare in September 2009. A year later in October 2010, the sector realigned its divisional structure as it stands today. Hermann Requardt, the CEO of healthcare and Member of the Siemens Managing Board will present his divisional CEOs at the beginning of this presentation.

In addition for your reference, we prepared brief biographies that you will find on the section 8 of your handouts that you should all have in front of you. In recent years, healthcare has shown a resilient business performance and continuously delivered strong results. The challenges emerged from a changing market environment with increasing cost pressure in healthcare systems of many developed countries and significant investments in the buildup of healthcare infrastructure in emerging countries.

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