Siemens Energy AG Q2 2025 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Alexander Virgo - Bank of America - Analyst : Thanks very much, Michael. Morning, Christian and Maria. Thanks for taking the question. I wondered could you just talk a little bit about the dynamics in this slot reservation situation in GS for us? I wondered with context of that answer if you could talk to the pricing dynamics and whether you're presumably still signing a contract at a higher price than is in the backlog and obviously in the P&L. And whether or not you could just talk a little bit to the customer composition of those slot reservations and whether or not you've seen any kind of movements as people, I think you referred at the conference back in March to some concerns around people putting slot reservations with you and with your immediate competitors. I wondered if you could just talk a little bit about how that has sort of evolved Q-o-Q and whether it's the numbers are the same, right? 20, 21 gigawatts, so presumably you've converted some and taken some new ones. So if you could talk about that, it'd be great. Thank you. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 08, 2025 / 8:30AM, ENR1n.DE - Q2 2025 Siemens Energy AG Earnings Call

Question: Alexander Virgo - Bank of America - Analyst : Thanks, Michael. Well, I'm not sure I can, I'm not sure I'll keep within that. It's a (inaudible) question. I wondered if you dig into a little bit of the moving parts in here, Maria. Can you give us a sense of the magnitude of these one-ups of the tailwinds just to give us an understanding of what we might be thinking about on an underlying basis. And I wondered within that, if you could talk about the evolution of the offshore business because obviously, that sort of growth is very good, profitable, so I wondered if you could give us a sense of how we should be thinking about how that evolves through the balance of the of the year and into next. Thank you.