Schindler Holding Ltd. · SIX:SCHN
Schindler — H1 2017 Earnings Presentation
19 slides from Schindler's earnings presentation, Aug 15, 2017
Slide 1: Welcome to Schindler: Interim Results as of June 30, 2017
Welcome to Schindler Interim Results as of June 30, 2017 August 15, 2017 Warsaw Spire, tallest office building in Poland Elevators: 14 Schindler 7000, 26 Schindler 5500 Escalators: 4 Schindler 9300; The PORT Technology
Slide 2: Highlights: Sustained growth and improved results
Highlights Sustained growth and improved results Pleasing growth in order intake across all regions Good number of large project wins Orders received increased by 5.6% in local currencies Revenue rose by 2.9% in local currencies EBIT margin increased to 11.7% (12.0% before restructuring co
Slide 3: Good number of large project wins
Good number of large project wins Prestigious landmarks won in the US, China, India, and Australia China Life building phase II; Wynyard Place; Sydney, Australia Hangzhou, China Nagpur Metro Rail project; LOHAS Park Package Six; One Vanderbilt, 427m office and commercial tower; New York, USA Nagpur,
Slide 4: Modularity in product platforms
Modularity in product platforms Enhance flexibility, reduce complexity and cost Flexibility Reduce complexity Cost reduction Seamless product offering Minimum number of Increasing competitiveness, tailored to market needs components using unified quality and enhancing interfaces profitability Harmon
Slide 5: Schindler Ahead – first new digital products
Schindler Ahead – first new digital products A variety of solutions for customers and passengers, available today ACTIONBOARD BLACKBOARD DOORSHOW Real-time information. Continuous access. Display information. Connect with residents. Informed passengers. Great entertainment. AD-SPOT E-VISION LOGBOOK
Slide 6: Asia-Pacific: Overall positive result
Asia-Pacific Overall positive result Mixed market development China: new installations market stabilized but pricing remained under continuous pressure India: demonetization still impacting the market, but supporting growth long-term Southeast Asia: continued growth, particularly in residentia
Slide 7: Americas: Ongoing growth in the US market
Americas Ongoing growth in the US market Contrasting market trends North America: ongoing growth in the US new installations, modernization, and service markets across all segments Latin America: market development remained stable, except for Brazil Schindler performance North America: strong
Slide 8: Europe: Sustained growth
Europe Sustained growth Opportunities in various markets Northern Europe: continued positive development Southern Europe: further recovery in most countries from low levels Schindler performance Solid growth in many countries continued Growing maintenance and modernization businesses Acqui
Slide 9: Key figures as of June 30, 2017 (Q2)
Key figures as of June 30, 2017 Q2: April – June In CHF million 2017 2016 ∆% ∆% in LC Orders received 2 739 2 616 4.7 5.4 Revenue 2 509 2 469 1.6 2.2 Operating profit (EBIT) 298 269 10.8 10.8 1) 2) in % 11.9 10.9 Net income from financing and investing activities 16 –22 Profit before taxes 314 247 2
Slide 10: Key figures as of June 30, 2017 (1H)
Key figures as of June 30, 2017 1H: January – June In CHF million 2017 2016 ∆% ∆% in LC Orders received 5 346 5 083 5.2 5.6 Revenue 4 769 4 645 2.7 2.9 Operating profit (EBIT) 558 504 10.7 10.1 1) 2) in % 11.7 10.9 Net income from financing and investing activities –16 –17 Profit before taxes 542 48
Slide 11: Order backlog and revenue by region
Order backlog and revenue by region Geographical diversification pays off Revenue growth by region (in LC) Order backlog 1H/2017: CHF 10 340 million (+5.9% in LC) 1H/2016: CHF 9 910 million 6% 1H/2017 1H/2016 Asia-Pacific 42% 44% Americas 30% 29% 4% Europe 28% 27% 2% Revenue 1H/2017: CHF 4 769 milli
Slide 12: Outlook 2017
Outlook 2017 Status as of August 15, 2017 Business environment Schindler guidance Long-term growth drivers remain intact Focus on profitable growth unchanged Economic conditions continue to be influenced by political and Revenue expected to increase by macroeconomic uncertainty 3% to 5% in l
Slide 13: Financial Calendar
Financial Calendar 2017 2018 Publication of selected key figures as of September 30 October 24 Publication of Full Year Results 2017 February 16 Ordinary General Meeting Schindler Holding Ltd. March 20 Contact: Marco Knuchel, Head Investor Relations; Phone +41 41 445 30 61, investor.relations@schind
Slide 14: Additional Charts
Additional Charts © Schindler | © Schindler | Interim Results as of June 30, 2017 Slide 14
Slide 15: Balance sheet
Balance sheet In CHF million 30.6.2017 in % 31.12.2016 in % 30.6.2016 in % Cash and cash equivalents 1 625 20.0 1 988 23.9 2 205 26.3 Other current assets 3 537 43.6 3 432 41.4 3 350 39.9 Total current assets 5 162 63.6 5 420 65.3 5 555 66.2 Non-current assets 2 954 36.4 2 883 34.7 2 831 33.8 Total
Slide 16: Quarterly overview 2017/2016
Quarterly overview 2017/2016 2017 2016 In CHF million Q2 Q1 Q4 Q3 Q2 Q1 Orders received 2 739 2 607 2 699 2 592 2 616 2 467 Revenue 2 509 2 260 2 629 2 409 2 469 2 176 Operating profit (EBIT) 298 260 352 277 269 235 in % 11.9 11.5 13.4 11.5 10.9 10.8 Financing activities 23 –32 –24 –17 –23 –3 Invest
Slide 17: Quarterly development of orders received 2013 – 2017
Quarterly development of orders received 2013 – 2017 In CHF million 3 000 2 500 2 000 1 500 1 000 500 2013 2014 2015 0 2016 Q1 Q2 Q3 Q4 2017 © Schindler | © Schindler | Interim Results as of June 30, 2017 Slide 17
Slide 18: Quarterly development of revenue 2013 – 2017
Quarterly development of revenue 2013 – 2017 In CHF million 3 000 2 500 2 000 1 500 1 000 500 2013 2014 2015 0 2016 Q1 Q2 Q3 Q4 2017 © Schindler | © Schindler | Interim Results as of June 30, 2017 Slide 18
Slide 19: China inventories: Government measures start to impact housing sales
0 50 100 150 200 250 300 350 10.01 2010 10.03 10.05 10.07 10.09 10.11 11.01 2011 11.03 11.05 11.07 11.09 11.11 12.01 2012 12.03 12.05 12.07 12.09 12.11 13.01 2013 13.03 © Schindler | © Schindler | Interim Results as of June 30, 2017 13.05 13.07 China inventories 13.09 13.11 14.01 2014 14.03 14.05 14