Slide 1: Welcome to Schindler Interim Results as of June 30, 2016
Welcome to Schindler Interim Results as of June 30, 2016 August 16, 2016
Slide 2: Highlights January – June 2016
Highlights January – June 2016 Pleasing growth and improved profitability Challenging market environment China’s new installations market continued to decline Continued moderate market growth in rest of Asia-Pacific Sustained market growth in North America Latin America remained under pressu
Slide 3: Key figures as of June 30, 2016 Q2: April – June
Key figures as of June 30, 2016 Q2: April – June In CHF million 2016 2015 ∆% ∆% in LC Orders received 2 616 2 534 +3.2 +2.6 Revenue 2 469 2 355 +4.8 +4.4 Operating profit (EBIT) 269 254 +5.9 +5.9 1) in % 10.9 10.8 Net income from financing and investing activities –22 – Profit before taxes 247 254 –
Slide 4: Key figures as of June 30, 2016 1H: January – June
Key figures as of June 30, 2016 1H: January – June In CHF million 2016 2015 ∆% ∆% in LC Orders received 5 083 4 977 +2.1 +2.3 Revenue 4 645 4 492 +3.4 +3.9 Operating profit (EBIT) 504 476 +5.9 +7.6 1) in % 10.9 10.6 Net income from financing and investing activities –17 – Profit before taxes 487 476
Slide 5: Order backlog and revenue by region
Order backlog and revenue by region Record order backlog provides solid base for future growth Revenue growth by region (in LC) Order backlog 1H/2016: CHF 9 910 million (+7.0% in LC) 1H/2015: CHF 9 191 million 10% 9% 1H/2016 1H/2015 Asia-Pacific 44% 44% 8% Americas 29% 30% 7% Europe 27% 26% 6% 5% 4%
Slide 6: Asia-Pacific Development in 1H/2016
Asia-Pacific Development in 1H/2016 Mixed market development China still declining as expected, mainly driven by lower tier cities Asia-Pacific excluding China shows moderate growth Increasing modernization opportunities driven by ageing installed base Continued growth in order intake Unit g
Slide 7: China construction activity still growing in Q2 but at a slower pace
China construction activity still growing in Q2 but at a slower pace Pricing trend in most cities in positive territory Floor space started in China Opportunities 600 30% 13th five-year plan envisages continued high-paced urbanization 500 20% 19.2% and strong infrastructure investment 400 10% 300
Slide 8: China housing inventories remain high
China housing inventories remain high Inventory absorption rate improving Housing inventory, by city tier (2010=100) Housing inventory, by city tier (months of sales) 350 25 300 20 Tier 3 250 15 200 Tier 2 Tier 3 150 Tier 2 Tier 1 10 Tier 1 100 5 50 0 0 June 10 June 11 June 12 June 13 June 14 June 1
Slide 9: Americas Development in 1H/2016
Americas Development in 1H/2016 Diverging market trends Sustained growth in the US new installations market Brazil still in recession and affecting new construction negatively Other Latin American markets growing Overall growth in order intake Good order growth in the US low rise traction se
Slide 10: New major project won in the US
New major project won in the US Upgrading and servicing Atlanta’s urban public transportation network Eighth largest rapid transit system in the US 38 train stations Providing service to more than 134 million riders annually Upgrading and servicing of 109 elevators and 116 escalators over th
Slide 11: Europe Development in 1H/2016
Europe Development in 1H/2016 Opportunities in various markets Moderate growth in Northern Europe Southern European markets start to recover New installations markets adopting EN 81-20/50 Strong growth in order intake Good growth in Northern Europe, particularly in Germany Southern Europe
Slide 12: Schindler & GE strategic partnership
Schindler & GE strategic partnership Premium digital solutions for urban mobility Using the full potential of the industrial internet for digital innovations in elevators, escalators and smart buildings First in E&E industry with digital platform for closed-loop service business model PORT Techn
Slide 13: Strategic Alliance GE / Internet of Things
Strategic Alliance GE / Internet of Things Schindler’s new internet of elevators & escalators (IoEE) solution Detect Connect Get insights Customer benefits Collect physical Compute & transmit Combine profound industrial Realize outcomes machine data relevant data over-the-air expertise with advanced
Slide 14: Outlook 2016
Outlook 2016 Status as of August 16, 2016 Macroeconomic and political uncertainties remain Global new installations market expected to slightly decline Growth strategy and focus on margins unchanged Revenue expected to increase by 3% to 5% in local currencies Net profit in the range of CHF
Slide 15: Financial Calendar
Financial Calendar Key figures as of September 30, 2016 October 25, 2016 Annual results 2016 February 15, 2017 Ordinary General Meeting Schindler Holding Ltd. March 16, 2017 Contact: Marco Knuchel, Head Investor Relations; Phone +41 41 445 30 61, investor.relations@schindler.com The information in t
Slide 16: Additional Charts
Additional Charts © Schindler | Interim Results as of June 30, 2016 Slide 16
Slide 17: Balance sheet
Balance sheet In CHF million 30.06.2016 in % 31.12.2015 in % Cash and cash equivalents 2 205 26.3 1 975 23.9 Other current assets 3 350 39.9 3 500 42.4 Total current assets 5 555 66.2 5 475 66.3 Non-current assets 2 831 33.8 2 784 33.7 Total assets 8 386 100.0 8 259 100.0 Current liabilities 4 785 5
Slide 18: Quarterly overview 2016/2015
Quarterly overview 2016/2015 2016 2015 In CHF million Q2 Q1 Q4 Q3 Q2 Q1 Orders received 2 616 2 467 2 606 2 384 2 534 2 443 Revenue 2 469 2 176 2 589 2 310 2 355 2 137 Operating profit (EBIT) 269 235 277 249 254 222 in % 10.9 10.8 10.7 10.8 10.8 10.4 Financing activities –23 –3 –29 9 – –9 Investing
Slide 19: Quarterly development of orders received 2013 – 2016
Quarterly development of orders received 2013 – 2016 In CHF million 3 000 2 500 2 000 1 500 1 000 500 2013 2014 2015 0 2016 Q1 Q2 Q3 Q4 © Schindler | Interim Results as of June 30, 2016 Slide 19
Slide 20: Quarterly development of revenue 2013 – 2016
Quarterly development of revenue 2013 – 2016 In CHF million 3 000 2 500 2 000 1 500 1 000 500 2013 2014 2015 0 2016 Q1 Q2 Q3 Q4 © Schindler | Interim Results as of June 30, 2016 Slide 20
Slide 21: ALSO exchangeable bond
ALSO exchangeable bond Schindler interest below 15% as of July 29, 2016 Background 0.375% Bond 2013 – 2017 (maturity date June 5, 2017) Initial nominal value CHF 218 million Bond can be exchanged into ALSO shares Exchange price ALSO shares CHF 60.24 Accounting ALSO treated as an associate