Schindler Holding Ltd. · SIX:SCHN

Schindler — Q1 2015 Earnings Presentation

16 slides from Schindler's earnings presentation, Apr 28, 2015

  1. Slide 1: Welcome to Schindler: Selected key figures as of March 31, 2015

    Welcome to Schindler Selected key figures as of March 31, 2015 April 28, 2015 Modernization of Scotia Plaza, Toronto, Canada 10 double deck high-rise elevators 12 double deck mid- and low-rise elevators 2 high-rise service elevators 5 low-rise shuttle elevators 3 parking elevators 2 truck elevators

  2. Slide 2: Highlights: January – March 2015

    Highlights: January – March 2015 Growth on track Markets  Sustained growth in Asia/Pacific  Accelerating recovery in the US Financials  Strong growth in revenue  Improved EBIT and margins  Increased net profit  Solid cash flow  Negative FX impacts (revenue CHF -53 million, EBIT CHF -11 millio

  3. Slide 3: Key figures as of March 31, 2015

    Key figures as of March 31, 2015 Q1: January – March In CHF million Q1/2015 Q1/2014 Δ% Δ% in LC Orders received 2 443 2 442 +0.0 +2.2 Revenue 2 137 2 047 +4.4 +7.0 Operating profit (EBIT) 222 205 +8.3 +13.7 in % 10.4 10.0 Net income from financing and investing activities – 6 Profit before taxes 222

  4. Slide 4: Asia / Pacific: Development in Q1/2015

    Asia / Pacific: Development in Q1/2015 Continued growth in strategic markets  China: continued growth but decelerating  India: acceleration of growth  Southeast Asia: sustained solid growth Strong growth in elevator and escalator order volume  Strongest contribution from China and India  Lower

  5. Slide 5: China: Mixed data on property market in Q1/2015

    China: Mixed data on property market in Q1/2015 Floor space down, real estate investment up Floor space started in China Change Q1/2015 vs Q1/2014 Real estate investment in China 600 40% Floor space Real estate 3000 25% 33.1% 30% started investment 500 2500 20.2%20.4% 19.9% 20% 18.9% 20% Total -18.4

  6. Slide 6: China: vacancy rates in the office segment

    China: vacancy rates in the office segment Lowest in tier 1 cities 40% 35% 30% 25% 20% 15% 10% 5% 0% Beijing Shanghai Guangzhou Shenzhen Chengdu Chongqing Hangzhou 2011 2012 2013 2014E 2015F Sources: Cushman & Wakefield, Savills, 2015 © Schindler | Presentation of selected key figures as of March 31

  7. Slide 7: Americas: Development in Q1/2015

    Americas: Development in Q1/2015 Mixed growth in Americas continued  US: construction sector continued to recover, particularly in the commercial and infrastructure sector  Brazil: recessionary environment leads to real estate volume contraction Good overall growth  North America: strong growth i

  8. Slide 8: Europe: Development in Q1/2015

    Europe: Development in Q1/2015 Persistent uncertainties  Northern Europe: slow start  Southern Europe: first signs of market bottoming out, continued price pressure Schindler holding ground  Mixed order intake across the region  Ongoing optimization of supply chain / logistics footprint © Schind

  9. Slide 9: Outlook 2015

    Outlook 2015 Status as of April 28, 2015  E&E market expected to grow further  Growth in strategic markets complemented by US recovery  Revenue expected to increase by 7% to 9% in local currencies  Negative translation impact on revenue will be lower than the 10% estimated at the beginning of th

  10. Slide 10: Additional Charts

    Additional Charts © Schindler | Presentation of selected key figures as of March 31, 2015 Slide 10

  11. Slide 11: Quarterly overview 2015/2014

    Quarterly overview 2015/2014 2015 2014 In CHF million Q1 Q4 Q3 Q2 Q1 Orders received 2 443 2 569 2 448 2 520 2 442 Revenue 2 137 2 593 2 314 2 292 2 047 Operating profit (EBIT) before exceptional items 222 2591 2312 2373 205 in % 10.4 10.0 10.0 10.3 10.0 Operating profit (EBIT) reported 222 238 376

  12. Slide 12: Quarterly development of orders received: 2012 – 2015

    Quarterly development of orders received: 2012 – 2015 In CHF million 3 000 2 500 2 000 1 500 1 000 500 2012 2013 2014 0 2015 Q1 Q2 Q3 Q4 © Schindler | Presentation of selected key figures as of March 31, 2015 Slide 12

  13. Slide 13: Quarterly development of revenue: 2012 – 2015

    Quarterly development of revenue: 2012 – 2015 In CHF million 3 000 2 500 2 000 1 500 1 000 500 2012 2013 2014 0 2015 Q1 Q2 Q3 Q4 © Schindler | Presentation of selected key figures as of March 31, 2015 Slide 13

  14. Slide 14: Balance sheet

    Balance sheet In CHF million 31.03.2015 in % 31.12.2014 in % Cash and cash equivalents 2 401 27.0 2 722 30.5 Other current assets 3 804 42.8 3 401 38.1 Total current assets 6 205 69.8 6 123 68.6 Non-current assets 2 688 30.2 2 798 31.4 Total assets 8 893 100.0 8 921 100.0 Current liabilities 4 654 5

  15. Slide 15: E&E industry keeps the growth momentum

    E&E industry keeps the growth momentum Status as of February 2015 New Installations E&E market (units) ~6% vs Market Global GDP growth 2015 ~875k trends 828k +3.5% ~140 138 +47k units ~50 Europe  Uncertainty undermining 48 ROW growth +4k Global cement sales 2015 +2.8% Americas  USA recovery drives

  16. Slide 16: Thank you.

    Thank you. Financial calendar 2015 Interim Report as of June 30, 2015 August 14 Selected key figures as of September 30, 2015 October 23 2016 Full-year results 2015 February 12 Investor Relations Barbara Zäch, Head Investor Relations Tel. +41 41 445 30 61 Fax +41 41 445 31 44 investor.relations@schi

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