Siemens Company Presentation

The Company  2017 November  2017  © Siemens AG 2017. All All rights reserved. reserved.

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Disclaimer

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 “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also

make forward-looking statements in other reports, in presentations, in material delivered to shareholders 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, of which many are beyond Siemens’ control. These are subject to a numb er of risks, uncertainties and

factors, including, but not limited to those described in disclosures, in particular in the chapter Risks in the Annual Report. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forwardlooking statement.

Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented

in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. 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.  All information is preliminary. preliminary.

170 years of Siemens

Milestones of a 170-year history

1816 – 1816  – 1892  1892 Company founder, visionary and inventor

Werner von Siemens

1866

1959

1983

2012

The dynamo makes electricity part of everyday life

SIMATIC makes SIMATIC Siemens a leader in automation technology

First magnetic resonance imaging scanner goes into operation

Test operation of the world’s largest rotor for offshore wind turbines

Siemens innovations over the past 170 years

1847

1925

1975

2010

2017

Pointer telegraph lays the foundation of Siemens as a global company

Siemens electrifies the Irish Free State with a hydroelectric power plant

Breakthrough of high-voltage direct current (HVDC) transmission

TIA Portal takes automation a stage further

MindSphere, the cloud-based operating system for the Internet of Things

Fourth quarter of fiscal 2017

Key figures (Continuing operations; in millions of  € except where otherwise stated)

Q4 2017

Q4 2016

Change in %

Volume Orders Revenue

23,663 22,299

20,326 21,953

16%1 1%1

Liquidity Free cash flow2 Employees (in thousands) Total

Profitability and capital efficiency Net income2 Return on capital employed (ROCE)2

1,293 10.5%

1,176 11.9%

10%

Q4 2017

Q4 2016

2,376

3,570

Sept. 30, 2017

372 115 257

Germany Outside Germany

1 Adjusted for portfolio changes and currency conversion effects; 2 Continuing and discontinued operations

Results of operations Industrial Business Power and Gas

Energy Management

Building Technologies

Mobility

Digital Factory

Healthineers5

Process Industries and Drives

(in millions of  €)

Siemens Gamesa Renewable Energy5

Financial Services

Orders

3,584

4,050

1,851

2,333

2,949

2,347

3,934

2,791

Revenue

3,649

3,435

1,759

2,233

3,150

2,389

3,705

2,329

303

311

213

189

501

69

702

(92)

1313

8.3%

9.1%

12.1%

8.4%

15,9%

2.9%

19.0%

(3.9)%

16,1%4

Profit Profit margin

3 Income before income taxes; 4 Return on equity (RoE; after taxes); 5 Separately managed

Fiscal 2017

Key figures

Revenue by industrial business

(Continuing operations; in millions of  € except where otherwise stated)

Volume Orders Revenue Profitability and capital efficiency Net income2 Return on capital employed (ROCE)2

Fiscal 2017

Fiscal 2016

Change in %

85,669 83,049

86,480 79,644

(2)%1 3%1

Healthineers 16% Process Industries and Drives 11% Digital Factory 13%

6,179 13.5%

5,584 14.3%

11%

Mobility 10%

Power and Gas 18% Siemens Gamesa Renewable Energy 9%2 Energy Management 15% Building Technologies 8% Not included: Financial Services

Liquidity Free cash flow2 Employees (in thousands)

4,769

5,476

Sept. 30, 2017

Sept. 30, 2016

372

351

Germany

115

113

Outside Germany

257

238

Total

Revenue by region  Asia, Australia 19%

Europe, CIS3, Africa, Middle East (without Germany) 39%

 Americas 28% Germany 13%

1 Adjusted for portfolio changes and currency conversion effects; 2 Continuing and discontinued operations; 3 Commonwealth of Independent States

Global presence

Share of total worldwide

Americas Revenue1 Employees2

 €23.5 billion

28%

76,000

20% Share of total worldwide

Germany Revenue1 Employees2

 €11.1 billion

13%

115,000

31%

Europe (excluding Germany), CIS3, Africa, Middle East Revenue1 Employees2

 €32.2 billion

39%

111,000

30% Share of total worldwide

Asia, Australia

Close to customers all over the world

Revenue1 Employees2

Share of total worldwide

 €16.2 billion

19%

70,000

19%

1 By customer location 2 As of September 30, 2017 3 Commonwealth of Independent States

 All figures refer to continuing operations.

Megatrends that are changing our world

Digitalization By 2020, the global volume of data will soar to 44 zettabytes, and 50 billion devices will be connected.

Source: IDC, The Digital Universe of Opportunities: Rich Data and the Increasing Value of the Internet of Things, April 2014; Dave Evans (Cisco): The Internet of Things, How the Next Evolution of the Internet Is Changing Everything, April 2011

Megatrends that are changing our world

Globalization In the time span of 20 years, global export volume has more than quadrupled. In 2016, goods worth US$16 trillion were exported.

Source: Statista, 2017

Megatrends that are changing our world

Urbanization By 2050, nearly 70 percent of the world population will live in cities; today it‘s 54 percent. The population of cities worldwide is growing at a rate of about 50 million people per year.  Accordingly, investments in urban infrastructure are booming. Source: United Nations, World Urbanization Prospects. The 2014 Revision, New York, published 2015

Megatrends that are changing our world

Demographic change By 2050, the world population will grow from 7.3 billion today to 9.7 billion. The average life expectancy will be 83 years in 2050; today it’s 73 years.

Source: United Nations, Department of Economic and Social Affairs, Population Division (2015). World Population Prospects: The 2015 Revision, Key Findings and Advance Tables. Working Paper No. ESA/P/WP.241; Statista: Weltbevölkerung, 2016

Megatrends that are changing our world

Climate change  At the UN Climate Conference in Paris in 2015, almost all nations of the world agreed to limit anthropogenic global warming to well under 2º centigrade. In the summer of 2017, Earth‘s atmosphere had the

highest concentration of carbon dioxide in 800,000 years.

Source: Earth System Research Laboratory, NOAA, 5. Oktober, 2017

Our claim “Ingenuity for life”

“Ingenuity” stands for innovation, engineering and genius.

For us, it also includes unity: We are united in our efforts, and we are committed to partnering with our customers. “For life” relates to our role in society: to make real what

matters. “Ingenuity for life” is therefore our unrelenting drive and promise

to create value for customers, employees and society.

What we stand for – our mission

Vision 2020 – our company’s strategy program

Value

Scale up Strengthen core Drive performance Foster ownership culture and leadership based on common values 2015

Strategic direction

Operational consolidation

2016

2017

Optimization

2018

2019

Accelerated growth and outperformance

2020

Vision 2020 – seven goals

GOAL

1 2 3 4 5 6 7

INTENT

KPI

Implement stringent company governance with effective support functions

Live lean governance and drive continuous optimization

 €1bn cost savings by FY 2016 achieved ,

Strengthen portfolio

Sharpen our business focus in electrification, automation, and digitalization

Execute financial target system

Grow our company value

Expand global management

Get closer to our customers and markets

Be a partner of choice for our customers

Foster an intimate and trusting partnership with our customers

Be an employer of choice

Unleash the full potential of our people

> 75% approval rating in “leadership” and “diversity” in SGES

Foster Ownership Culture

Ignite pride and passion for Siemens, through a new mindset and equity ownership

≥ 50% increase in number

continued productivity of 3-5% Tap growth fields > 8% margin in underperforming businesses 15-20% ROCE Growth > most relevant competitors > 30% of Division and BU management outside Germany

1

≥ 20% improvement in Net Promoter Score

of employee shareholders

Our focus is on E-A-D  – strong growth in “D” Revenue FY 2017

Market CAGR FY 2018 – 2022

Digitalization

Siemens software

Digital services

 Leader

~4.0 billion €

~1.2 billion €

Strengthen leadership

~+8%

MindSphere

+20 %1 Automation  Global

No. 1

Enhanced automation

Classic services

~19 billion € Electrification  Leader

Enhanced electrification

~43 billion € Note: Figures based on Industrial Business; SGRE as of April 2017

~17 billion €

Strategic direction

~+3% +1-3%

1 Growth FY 2016 to FY 2017, rebased; 9% growth for Siemens software excludes Mentor Graphics

with a combination of software, platforms, and services Expand No. 1 position

and utilize it for digitalization Differentiate through expanded offerings

with automation and digitalization

Our digital portfolio

Data analysis  Artificial intelligence Simulation tools Cloud and platforms

Design

Operate

Siemens software

Service

Siemens digital services

MindSphere – the IoT operating system Digitally optimized automation Digitally optimized electrification

Secure networking Cyber  security

Digital twin (products and infrastructure)

Research and development  – we‘re investing more and sharpening our focus R&D spending in billions of €

~+40%

5.2

~5.6

4.0 FY 2014

FY 2017

FY 2018e

Cybersecurity Power electronics Autonomous robotics Additive manufacturing Distributed energy systems Software systems and processes Data analytics, artificial intelligence Connectivity and edge devices Simulation and digital twin Blockchain applications Connected (e)mobility Future of automation Energy storage Materials

Innovation  – that‘s how we shape the future

 €

 €

5.2 billion € 

38,000

R&D expenditures in FY 2017

R&D employees1

Inventions and patents

Cooperation with universities

7,400

3,600

Inventions1 

Patent applications1

1 In FY 2017

8 CKI universities2

2 Centers of Knowledge Interchange

17 Principal partner universities

The next generation of innovation  – an independent unit for startups Capital volume Capital

1 billion € Catalyst

…combines the speed and agility of an

independent investor with the breadth of Siemens’ businesses and technologies. The unit doesn’t just fund

for five years

Create

startups; it also connects entrepreneurs with industry experts and a global ecosystem.

Key technologies

Artificial Intelligence

Virtual reality

Robotics and Additive drones manufacturing

Siemens target markets

Innovation areas

Energy

Infrastructure

Industry

Business to Society  – we make real what matters

We serve society by applying our ingenuity for the benefit of people and in the interest of the common good.* That has been the purpose of our company for 170 years. With the Business to Society method, we evaluate what impact our activities have on society and how we contribute to the achievement of the UN Sustainable Development Goals.

*

Based on a Werner von Siemens quote

How our activities benefit society

Investments

Jobs

Innovation

Contribution to global GDP of about 250 billion €

Support of 4.3 million jobs worldwide

Investment of 5.2 billion € in research and development

Contribution to infrastructure financing of about 26 billion €

2.2 million of them in developing countries

Environment

Health

Compliance

The technologies of our Environmental Portfolio reduce emissions at customers worldwide by 570 million tons per year

More than 90 million patients worldwide receive medical treatment with the help of our medical technologies and laboratory tests

We work together with about 90,000 suppliers who comply with our code of conduct

Vision 2020 – the five elements of our ownership culture

Values – Our foundation • Responsible • Excellent • Innovative

Equity Support long-term, output and profit orientation

Behaviors

People orientation • Empowerment and trust • Honesty, openness and

collaboration

Ownership culture

• Respect • Focus • Initiative and execution

Leadership • Be bold, decisive and courageous • Exemplify “Siemens matters” • Motivate and engage

Siemens as an employer in fiscal 2017 • Worldwide, 372,000 people

work for Siemens* • New hirings totaled 39,000 worldwide • Siemens work-study programs provide training for 11,400 trainees and university students worldwide*

* As of September 30, 2017.

Being an employer of choice

Siemens invests about €510 million each year in the training and education of employees.

The „International Tech  Apprenticeship@Siemens program enables more than 100 young people from EU countries as well as Turkey, Egypt, Algeria, Morocco and South Africa to participate in work-study programs in Germany in the fields of electronics and mechatronics

Siemens supports employee engagement with employee share programs; 165,000 Siemens employees are already shareholders of the company.

In fiscal 2017, 6,470 Siemens employees were enrolled in workstudy programs that combine academic learning with practical experience.

Management | Managing Board of Siemens AG

Joe Kaeser

Roland Busch

Lisa Davis

Klaus Helmrich

President and Chief Executive Officer

Chief Technology Officer

Governance and Markets

CIS1

 Amerika

 Africa

Middle East

Power and Gas

Europe

Communications

Building Technologies Mobility

Power Generation Services

Digital Factory

Legal and Compliance

Janina Kugel

Cedrik Neike

Michael Sen

Chief HR Officer

next47 Corporate Development Corporate Technology

1 Commonwealth of Independent States; 2 Separately managed

Process Industries and Drives

Human Resources

Ralf P. Thomas Chief Financial Officer

 Asia, Australia

Global Services

Energy Management

Healthineers2 Siemens Gamesa Renewable Energy2

Controlling and Finance Financial Services

Management | Divisions

Willi Meixner

Ralf Christian

Michael Peter

Jan Mrosik

CEO

CEO

CEO

Roland Chalons-Browne

Markus Tacke

CEO Power and Gas

Energy Management

Mobility

Digital Factory

CEO

Siemens Gamesa Renewable Energy1

Financial Services

1 Managed separately

Tim Holt

Matthias Rebellius

Sabrina Soussan

Jürgen Brandes

Bernd Montag

CEO

CEO

CEO

CEO

CEO

Power Generation Services

Building Technologies

Mobility

Process Industries and Drives

Healthineers1

CEO

Company structure

Divisions Separately managed

Power and Gas (PG)

Energy Building Mobility Management Technologies (MO) (EM) (BT)

Digital Factory (DF)

Power Generation Services (PS)

Managing Board

Process Industries and Drives (PD)

Healthineers

Siemens Gamesa Renewable Energy

Financial Services (SFS)

Power and Gas

The Power and Gas Division offers utilities, independent power producers, engineering, procurement and construction companies (EPCs), and oil and gas customers a broad spectrum of products and solutions for the environmentally compatible and resource-saving generation of power from fossil fuels and renewable sources of energy and for the reliable transportation of oil and gas. www.siemens.com/ueber-uns/power-gas

Leading in power generation

FY 2017

FY 2016

Orders in millions of €

13,422

19,454

Revenue in millions of €

15,467

16,471

Employees1

48,700

50,300

1 As of September 30,2017

Energy Management

The Energy Management Division is one of the leading global suppliers of products, systems, solutions and services for the economical, reliable and intelligent transmission and distribution of electrical power. The Division’s portfolio ranges from systems for the

low-voltage and distribution power grid level to smart grids and energy automation solutions to power supplies for industrial plants and high-voltage transmission systems. www.siemens.com/about/energy-management

Partner for efficient energy infrastructure

FY 2017

FY 2016

Orders in millions of €

13,628

12,963

Revenue in millions of €

12,277

11,940

Employees1

52,400

52,400

1 As of September 30, 2017

Building Technologies

The Building Technologies Division is a leading global provider of safe, energy-efficient and environmentally friendly building and infrastructure technologies.  As a technology partner, consultant, service provider, systems integrator and supplier, the Division offers solutions for fire safety, security, building automation, heating, ventilation and air conditioning (HVAC) as well as energy management. www.siemens.com/buildingtechnologies www.siemens.com/perfect-places

World leader in building technologies

FY 2017

FY 2016

Orders in millions of €

6,913

6,435

Revenue in millions of €

6,523

6,156

27,700

27,100

Employees1

1 As of September 30, 2017

Mobility

The efficient, safe and environmentally friendly transportation of people and goods by rail and road  – the Mobility Division bundles all of Siemens’ transportation -related products, solutions and services.  Advanced networked and IT-based mobility solutions and comprehensive know-how are increasing infrastructure availability, optimizing route use and raising travel quality to new levels – by rail, on the road, or across multiple modes of transportation. Provided regulatory authorities approve, the planned merger of the Siemens and Alstom mobility businesse s will unite two successful and innovative companies with a long tradition in the rail industry. Our aim is to jointly create a European champion and so offer customers unique added value. www.siemens.com/about/mobility

Shaping the future of mobility

FY 2017

FY 2016

Orders in millions of €

8,963

7,875

Revenue in millions of €

8,099

7,825

27,100

26,400

Employees1 1 As of September 30, 2017

Digital Factory

Helping manufacturers make their digital transformation successful

The Digital Factory Division offers a comprehensive portfolio of seamlessly integrated hardware, software and technology-based services to support manufacturing companies worldwide in enhancing the flexibility and efficiency of their production processes and in reducing the time to market of their products. The ultimate goal is the complete integration and digital representation of the physical value chain. The platform for this is called Digital Enterprise. www.siemens.com/about/digital-factory

Orders in millions of € Revenue in millions of € Employees1

1 As of September 30, 2017

FY 2017

FY 2016

11,532 11,378 27,100

10,332 10,172 26,400

Process Industries and Drives

 As a proven partner, we help customers go to market with their products much faster. We do that by providing innovative, integrated technologies for the entire lifecycle, that measurably increase productivity, shorten time-to-market, and improve the reliability, safety, and efficiency of products, processes and plants. Customers all over the world benefit from our futureproof automation, drive technology, industrial software, and services based on best-in-class technology platforms.

Using digital technologies to create added value throughout the entire lifecycle of systems

We are advancing the digitalization of the process industry – from integrated engineering to integrated operation and digital services. www.siemens.com/about/process-industries Orders in millions of € Revenue in millions of € Employees1 1 As of September 30. September 2017

FY 2017

FY 2016

9,034 8,876 27,100

8,939 9,038 26,400

Healthineers

Healthineers1 enables healthcare providers around the world to deliver high-quality patient care.

Next generation healthcare technologies

 As a leading global healthcare company, we’re

continuously developing our portfolio, expanding our medical imaging and laboratory diagnostics offerings and augmenting them with a growing range of healthcare management, consulting and IT services – such as advanced therapeutic solutions and molecular in-vitro diagnostics. Siemens Healthineers is proactively developing its digital healthcare services. We help customers succeed in today‘s dynamic healthcare market by creating new business models that maximize opportunities and minimize risks for healthcare providers. www.siemens.com/about/healthineers FY 2017

FY 2016

Orders in millions of €

14,218

13,830

Revenue in millions of €

13,789

13,535

Employees2

46,200

44,800

1 Managed separately

2 As of September 30, 2017

Siemens Gamesa Renewable Energy

Siemens Gamesa Renewable Energy1 is a leading supplier of reliable, environmentally friendly, and cost-efficient renewable energy solutions. The wind turbines offered by Siemens Gamesa Renewable Energy are a worthwhile investment from both a financial and an environmental perspective. Our wind power solutions deliver clean, renewable energy from onshore and offshore installations all over the world. www.gamesacorp.com/gamesa/en/siemensgamesa. html

Leader in the renewable energy industry

FY 20173

FY 20163

Orders in millions of €

8,768

7,973

Revenue in millions of €

7,922

5,976

14,500

12,800

Employees2

1 Managed separately 2 As of September 30, 2017 3 Relates to the former Division Wind Power and Renewables

Financial Services

The Financial Services Division helps enterprise customers implement investment projects by providing project-related and structured financing as well as leasing and equipment financing. The success of Financial Services is based on a unique combination of risk management competence, technological expertise and reliable financial resources. Through our international network of SFS companies, we provide – subject to country-specific legal requirements – a broad range of financial solutions. www.siemens.com/about/financial-services

Financial solutions for business customers

Total assets in millions of  € Employees1

1 As of September 30, 2017

FY 2017

FY 2016

26,390

26,446

3,200

3,200

A strong partner all over the world  – Germany • In fiscal 2017, Siemens s upported more than

500,000

jobs1

• Siemens invests about 200 million € per year in

vocational training in Germany Revenue2 in Employees3

billions of  €

FY 2017

FY 2016

11.1

10.7

115,000

113,400

1 Directly, indirectly and indexed 2 From customers in Germany 3 As of September 30, 2017; continuing operations

For the first time, a portion of the lowvoltage network has been decoupled from the main power grid. In the t own of Wildpoldsried, it was possible to provide uninterrupted and stable operation of an island grid. Siemens implemented a microgrid there – a regional, self-contained and intelligent power distribution grid.

Mitsui Rail Capital Europe (MRCE), a locomotive leasing company, has ordered 30 Vectron locomotives from Siemens. Ten of the units will be delivered for crossborder operations in Germany, Austria, Italy, Switzerland and the Netherlands. Twenty further locomotives will be equipped as direct-current locomotives (Vectron DC) to operate in Italy. Siemens is building an overhead contact line for electrified freight transport on a tenkilometer stretch of freeway in the German state Hesse. The first infrastructure for electric trucks line will supply electricity for the electric drive of a hybrid truck.

A strong partner all over the world  – Europe,1 CIS,2 Africa, Middle East The energy company Eni Norge has joined the Siemens Subsea Power Grid Joint Industry Program (JIP). Siemens Subsea is  jointly developing a complete subsea power network as part of a Joint I ndustry Program (JIP). This JIP is one of the main initiatives worldwide for advancing large scale subsea processing for the oil and gas industry.

•  About 90% of technology used for UAE airport

logistics comes from Siemens • Siemens technology is used to manufacture every

second vehicle in South Africa Revenue3 in Employees4

billions of  €

FY 2017

FY 2016

32.2

31.1

111,000

102,300

3 From customers in Europe (excluding Germany), CIS, Africa, Middle East 4 As of September 30, 2017; continuing operations

Siemens is modernizing 15 converter transformers at the Cahora Bassa dam in Mozambique. The transformers form part of the HVDC transmission link built in the 1970s that transmits electrical power from the hydropower plant over a distance of 1,450 kilometers. 1 Excluding Germany 2 Commonwealth of Independent States

Copyright: Zermatt Bergbahnen AG

Copyright: Beppe Giardino

Siemens Gamesa will supply a capacity of 752 MW to DONG Energy for Borssele 1 and 2 offshore wind power plant. The order calls for the installation of 94 wind turbines by 2020. The power supplied by this facility will be sufficient to cover the annual electricity demand of one million households.

A strong partner all over the world  – Americas • Siemens is responsible for 80% of Argentina’s new

Siemens will automate and power San Diego’s

electrical energy capacity • Siemens employs 50,000 people in the U.S. and invests $1 billion per year in R&D

Mid-Coast Corridor light rail extension project.

FY 2017

FY 2016

23.5

22.7

76,000

72,600

Revenue1 in billions of  € Employees2

This project expands Siemens’ close cooperation with MTS, the company’s largest

U.S. light rail vehicle customer. MTS purchased a total of 244 light rail vehicles that were built at the Siemens plant in Sacramento.

1 From customers in the Americas 2 As of September 30, 2017; continuing operations

Siemens will invest more than $20 million per year in an R&D hub in Chicago, with a focus on developing cloud and IoT related applications that support building management and automation platforms. Chicago is considered one of the world‘s top 10

tech hubs. Copyright: BPNacion” Images(Argentina) Copyright: “Presidencia de la

The Atellica Solution for advanced Diagnostics Analyzers from Siemens Healthineers is now available in the U.S. The Atellica Solution provides laboratory diagnostics professionals more control and simplicity so that they can concentrate on clinical outcomes.

A strong partner all over the world  – Asia, Australia • More than 4,500 local R&D experts and engineers

work for Siemens in China • Siemens automation technology is used in 1 of every

3 industrial and manufacturing plants in Singapore •

.

Revenue1 in

FY 2017

FY 2016

16.2

15.1

70,000

62,700

billions of  €

Employees2

Siemens Gamesa has been commissioned to develop India's first large commercial hybrid wind-solar project, where a 28.8-MW solar f acility will be connected to an existing 50 MW wind farm. This is the first project of its kind for the company.

1 From customers in Asia, Australia 2 As of September 30, 2017; continuing operations

Siemens China will lead the company's global research in autonomous robotics. As part of its innovation strategy, Siemens and Tsinghua University will jointly set up a robotics research center in Beijing.

For a fifth major rail order in Bangkok, Siemens will deliver rail technology for the extension of Bangkok's Blue Line Metro – including 35 three-car metro trains, the signaling system, the traction power supply and complete equipment for the depot.