Schneider Electric Se · EURONEXT:SU
Schneider Electric — Q1 2015 Earnings Presentation
24 slides from Schneider Electric's earnings presentation, Apr 21, 2015
Slide 1: First Quarter 2015 Revenues
First Quarter 2015 Revenues April 21, 2015 1
Slide 2: Disclaimer
Disclaimer All forward-looking statements are Schneider Electric management’s present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For a detailed des
Slide 3: Highlights, Q1 revenues by business, by region, targets, appendices
4 Highlights 9 Q1 revenues by business 15 Q1 revenues by region 17 Full year 2015 Targets 19 Appendices Schneider Electric – Investor Relations – Q1 2015 Revenues – 21 April 2015 3
Slide 4: Highlights
Highlights Schneider Electric – Investor Relations – Q1 2015 Revenues – 21 April 2015 4
Slide 5: Strong Q1 growth up +7.8%, revenues reaching €6bn
Strong Q1 growth up +7.8%, revenues reaching €6bn Organic growth is close to flat excluding Invensys Buildings & Partner growth continued, Industry impacted by Invensys, Infrastructure stabilizing ● Buildings and Partner grew despite weakness in China as expected and lower project activity in the U.
Slide 6: Performance at Invensys was impacted by change in date of fiscal year closing
Performance at Invensys was impacted by change in date of fiscal year closing. 2015 synergies on track Revenues (€m) Mechanical impact €53 million of positive FX impact compared Strong Q1 2014, last quarter of Invensys fiscal year to Q1 2014 The beginning of Q1 2015 is impacted by strong revenues in
Slide 7: This quarter, our Planet & Society barometer reaches 3.67/10
This quarter, our Planet & Society barometer reaches 3.67/10 10 Performance of our Planet & Society 8 Q4 2017 barometer 8 target 6 6 3.67 4 4.5 2 0 Actual Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Target 2015 2016 2017 Highlights of the quarter ● The new Planet & Society barometer is composed of 5 sustain
Slide 8: Our performance and commitment are recognized
Our performance and commitment are recognized Indicators and objectives 2017 01/2015 Q1 2015 This quarter, Schneider Electric was rewarded by: Planet Top 10 Selected indicators Global 100 most sustainable corporations ● Towards zero waste to landfill for 100 34 39 Schneider Electric ranked 9th in Ja
Slide 9: Q1 revenues details
Q1 revenues details Schneider Electric – Investor Relations – Q1 2015 Revenues – 21 April 2015 9
Slide 10: Q1 was close to flat organically excluding Invensys
Q1 was close to flat organically excluding Invensys Analysis of change in Group revenues (€m) Organic ~flat excl. Invensys Fx 5,996 -2.0% Group +9.5% +7.8% Buildings & Partner Industry 5,564 +0.3% -6.5% Infrastructure IT Scope +0.1% -4.4% +0.3% Predominantly due to US ~flat Dollar and excl. Invensys
Slide 11: Buildings and Partner grew despite weakness in China and lower project activity in US
Buildings and Partner grew despite weakness in China and lower project activity in US Analysis of change in Q1 Revenues (€m) Western Europe was stable. France, Spain and UK grew, compensating for a decline in Germany and Switzerland due to a Fx 2,701 high base of comparison +10.7% +11.5% North Ameri
Slide 12: Industry was about flat organically without Invensys, with continued OEM demand in Western Europe
Industry was about flat organically without Invensys, with continued OEM demand in Western Europe Analysis of change in Q1 Revenues (€m) Comments excluding Invensys: ~flat In Western Europe, Industry business was about flat with ex-Invensys continued growth in Spain and Italy thanks to sustained dem
Slide 13: Infrastructure stabilized organically thanks to good project execution
Infrastructure stabilized organically thanks to good project execution Analysis of change in Q1 Revenues (€m) Western Europe turned positive in this quarter helped by favorable comparison basis in France and Germany and improvement in Spain Fx 1,149 Asia-Pacific grew, mainly benefiting from growth i
Slide 14: IT was down due to weakness in Russia and one-off in India
IT was down due to weakness in Russia and one-off in India Analysis of change in Q1 Revenues (€m) Mainly impacted by one-off in India and weak demand in Russia Fx 775 +12.6% +8.2% Performance in India was penalized by the one-off change in credit term and the distributor inventory adjustment to bett
Slide 15: Q1 Revenues by region
Q1 Revenues by region Schneider Electric – Investor Relations – Q1 2015 Revenues – 21 April 2015 15
Slide 16: Stabilization in Western Europe, mixed trends in North America and weakness in China
Stabilization in Western Europe, mixed trends in North America and weakness in China % +x% % of Group revenues in Q1 Organic growth ex-Invensys in Q1 Comments based on Q1 2015 organic growth ex-Invensys +x% Total growth in Q1 Western Europe: France was positive thanks to good execution in a still ch
Slide 17: Full year 2015 Targets
Full year 2015 Targets Schneider Electric – Investor Relations – Q1 2015 Revenues – 21 April 2015 17
Slide 18: 2015 targets confirmed
2015 targets confirmed Q1 performance is broadly in line with our expectations, with the stabilization in Western Europe, favorable construction market in North America and weakness in China. Despite the impact in Q1 of the change in date of fiscal year closing, Invensys is expected to contribute to
Slide 19: Appendices
Appendices Schneider Electric – Investor Relations – Q1 2015 Revenues – 21 April 2015 19
Slide 20: Definitions
Definitions ● EBITA: EBIT before amortization and impairment of purchase accounting intangibles and impairment of goodwill ● Adjusted EBITA: EBITA before restructuring and other operating income and expenses Schneider Electric – Investor Relations – Q1 2015 Revenues – 21 April 2015 20
Slide 21: Q1 2015 revenues performance
Q1 2015 revenues performance €m Q1 2014 Q1 2015 Organic Organic Scope FX Reported Ex-Invensys Buildings & Partner 2,423 2,701 +0.3% +0.4% +0.5% +10.7% +11.5% Industry 1,336 1,371 -6.5% -0.3% -0.1% +9.2% +2.6% Infrastructure 1,089 1,149 +0.1% +0.1% +0.6% +4.8% +5.5% IT 716 775 -4.4% -4.4% 0.0% +12.6%
Slide 22: The Planet & Society barometer
The Planet & Society barometer Our 2015-2017 detailed sustainability scorecard, as of Q1 2015 Planet & Society barometer Start Results Target (objectives for 2017) 01/2015 T1 2015 12/2017 Overall score (out of10) 3.00 3.67 8/10 10% energy savings - 2% 10% 10% CO2 savings from transportation - - 10%
Slide 23: Contacts & agenda
Contacts & agenda Anthony Song – Head of Investor Relations Tel: +33-1-41-29-83-29 anthony.song@schneider-electric.com Alexis Denaud – Senior Investor Relations Manager Tel: +33-1-41-29-51-24 alexis.denaud@schneider-electric.com July 29, 2015 H1 2015 Results Schneider Electric – Investor Relations –
Slide 24: Help people make the most of their energy
Help people make the most of their energy Schneider Electric – Investor Relations – Q1 2015 Revenues – 21 April 2015 24