SIEMENS PLC

The payment terms are assigned by the Business units on a case by case basis.
Payment terms usage Intercompany clearing transactions
paid immediately in the month following the month of invoice receipt 66%.Note: Intercompany clearing terms are available to Siemens companies only and are cleared via cash pooling without transmission of
money outside of Siemens cash pool.

3rd party payment terms usage :Payable in 60 days 15%, Payable in 30 days 7%, Payable in 90 days 7%, Payable in 120 Days 3%, Remainder of transactions with payments terms of less than 2% occurrence. 360 days is the longest payment term in use and has an occurrence less than 1% of total transactions.

> KPI's excluding ICC clearing) are stated as follows: Average days to pay : 64 days ,Payment timing 0-30 days 13%,31-60 days 31%,61
days plus 56% Late invoices : 18%

Early settlement discounts are applied as agreed with the suppliers and range from 1% to 3% based upon the timing of payments. During the reporting period at least 1% of the overall transactions showed pre-agreed discounts with the suppliers.

1) Central Accounts Payable (AP) team for payment enquiries, contact points via phone/e-mail/supplier portal. Relevant details are on
Purchase Orders. A) Tel: 0845 602 6873 b) E-mail apsupport-gbandi.in@siemens.com
2) AP liaise with supplier to obtain and process missing invoices
a) Check existing systems (scan provider/e-invoice provider/invoice process queue to see if invoice already in query and/or returned to
suppler)
3) AP liaise with suppliers to confirm payment details (past and upcoming)
4) AP liaise with approvers to release overdue invoices for payment
5) Special team deals with ‘final demand’ cases and legal notices