Schindler Holding Ltd. · SIX:SCHN
Schindler — H1 2012 Earnings Presentation
18 slides from Schindler's earnings presentation, Aug 14, 2012
Slide 1: Welcome to Schindler: Interim Results as of June 30, 2012
Orchard Central, shopping mall, Singapore 20 elevators of which 7 Schindler 7000 and 9 Schindler 5400, as well as 57 escalators Welcome to Schindler Interim Results as of Schindler 9300 June 30, 2012 August 14, 2012
Slide 2: Highlights in 1H/2012: Good growth
Highlights in 1H/2012 Good growth – 7.1% growth in order intake (+9.2% in local currencies); especially in Asia/Pacific, India and Americas – Strong order backlog of CHF 7 232 million (+12.3% in CHF, +12.5% in local currencies) – LEAP on track – Introduction of new products in progress © Schindler |
Slide 3: Highlights in 1H/2012: Operational improvements
Highlights in 1H/2012 Operational improvements – 4.3% growth in revenue (+6.4% in local currencies); negative FX impact of CHF 80 million – E&E EBIT of CHF 484 million; negative FX impact of CHF 20 million – E&E EBIT margin: 12.2% (Q2/2012: 12.6%) – Net profit of CHF 339 million (+8.3% before one-ti
Slide 4: E&E: Good development on all levels, January - June
E&E: Good development on all levels January - June In CHF million 1H/2012 1H/20111 Δ in % Δ% in LC Orders received 4 537 4 235 +7.1 +9.2 Revenue 3 971 3 806 +4.3 +6.4 Operating profit (EBIT) 484 456 +6.1 +10.5 in % 12.2 12.0 30.06.12 31.12.11 Order backlog 7 232 6 438 +12.3 +12.5 Headcount at end of
Slide 5: Group: Key figures as of June 30, 2012
Group: Key figures as of June 30, 2012 January - June In CHF million 1H/2012 1H/20111 Δ in % Δ% in LC Revenue 3 971 3 806 +4.3 +6.4 Operating profit (EBIT) 464 434 +6.9 +11.5 Net income from financing/investing activities 3 3 Profit before taxes 467 437 +6.9 Profit from continuing operations 339 313
Slide 6: Asia/Pacific: Development in 1H/2012
Asia/Pacific Development in 1H/2012 Emerging markets as growth engine – Strongest market growth in China followed by India – Positive market development in Southeast Asia – Saudi Arabia with biggest growth in the Middle East Schindler improved market position – Excellent order intake in China and In
Slide 7: Americas: Development in 1H/2012
Americas Development in 1H/2012 Different pattern for Latin and North America – Good economic environment in Latin America with positive impact on construction activity – Ongoing signs of upward trend in the North American construction sector Schindler improved market position – Continued healthy gr
Slide 8: Europe: Development in 1H/2012
Europe Development in 1H/2012 Mixed market conditions – In southern and eastern Europe, construction activity decreased further – In central and northern Europe, construction activity grew slightly Schindler reinforced market position – In southern Europe, overall order intake decreased slightly – I
Slide 9: Market outlook 2012
Market outlook 2012 Status as of August 2012 – Continued upward trend in North America; in southern Europe environment remains very challenging – Continued good growth in emerging markets, particularly in China and India – Maintenance and modernization business highly competitive Schindler is well p
Slide 10: Group: Outlook
Group: Outlook Status as of August 2012 Revenue: ~ +6% in local currencies (old guidance: ~ +5% in local currencies) E&E EBIT margin: ~ 12.5% (old guidance: stretch target: 13%) Group net profit: close to CHF 700 million (old guidance: significantly higher than 2011) © Schindler | Corporate Communic
Slide 11: Additional charts
Additional charts © Schindler | Corporate Communications | Page 11
Slide 12: Group: Key figures as of June 30, 2012, Q2
Group: Key figures as of June 30, 2012 Q2: April – June In CHF million Q2/2012 Q2/2011 Δ in % Δ% in LC Revenue 2 067 1 960 +5.5 +5.6 Operating profit (EBIT) 250 233 +7.3 +10.7 Net income from financing/investing activities - -91 Profit before taxes 250 2441 +11.6 Profit from continuing operations 18
Slide 13: E&E: Key figures as of June 30, 2012, Q2
E&E: Key figures as of June 30, 2012 Q2: April – June In CHF million Q2/2012 Q2/2011 Δ in % Δ% in LC Orders received 2 344 2 154 +8.8 +8.9 Revenue 2 067 1 960 +5.5 +5.6 Operating profit (EBIT) 260 2441 +6.6 +9.8 in % 12.6 12.4 30.06.2012 31.03.2012 Order backlog 7 232 6 795 +6.4 +4.4 Headcount at en
Slide 14: Group: Quarterly overview Q1/2011 to Q2/2012
Group: Quarterly overview Q1/2011 to Q2/2012 2012 2012 20111 20111 20111 20111 In CHF million Q2 Q1 Q4 Q3 Q2 Q1 Orders received 2 344 2 193 2 035 1 979 2 154 2 081 Revenue 2 067 1 904 2 155 1 893 1 960 1 846 Operating profit (EBIT) – E&E 260 224 138 237 244 212 in % 12.6 11.8 6.4 12.5 12.4 11.5 Oper
Slide 15: E&E: Quarterly overview Q1/2011 to Q2/2012
E&E: Quarterly overview Q1/2011 to Q2/2012 2012 2012 20111 20111 20111 20111 In CHF million Q2 Q1 Q4 Q3 Q2 Q1 Orders received 2 344 2 193 2 035 1 979 2 154 2 081 Revenue 2 067 1 904 2 155 1 893 1 960 1 846 Operating profit (EBIT) 260 224 138 237 244 212 in % 12.6 11.8 6.4 12.5 12.4 11.5 2011 In CHF
Slide 16: Adoption of IAS 19r
Adoption of IAS 19r – Employee Benefits Change in accounting treatment as of 1 January 2012 Old New Actuarial gains and Corridor method, Full recognition in other losses amortization of amounts comprehensive income, no exceeding corridor amortization Interest cost and Different assumptions Consisten
Slide 17: Adoption of IAS 19r: Restatement
Adoption of IAS 19r – Employee Benefits Restatement Adoption of revised standard requires restatement of 2011 figures. Detailed restatement effects are outlined in the Interim Report 2012. Recent developments in actuarial practice required different treatment of effects than assumed in Q1/2012.
Slide 18: Thank you.
Thank you. Copyright © Schindler. All rights reserved Schindler owns and retains all copyrights and other intellectual property rights in this presentation. It may not be reproduced, modified or copied nor used for any commercial purposes (e.g. manufacturing), nor communicated to any third parties w