Slide 1: Welcome to Schindler
Welcome to Schindler Key figures as of September 30, 2017 October 24, 2017
Slide 2: Highlights January – September 2017
Highlights January – September 2017 Increase in revenue and profit Orders received increased across all regions by 5.4% in local currencies Largest growth in Europe followed by Asia-Pacific and the Americas Growth in China supported by large infrastructure projects Accelerated revenue growth
Slide 3: Key figures as of September 30, 2017 – 3rd quarter
Key figures as of September 30, 2017 3rd quarter: July – September In CHF million 2017 2016 ∆% ∆% in LC Orders received 2 737 2 592 5.6 4.8 Revenue 2 590 2 409 7.5 6.3 Operating profit (EBIT) 302 277 9.0 6.5 in % 11.7 1) 11.5 2) Net income from financing and investing activities 1 7 Profit before ta
Slide 4: Key figures as of September 30, 2017 – January–September
Key figures as of September 30, 2017 January – September In CHF million 2017 2016 ∆% ∆% in LC Orders received 8 083 7 675 5.3 5.4 Revenue 7 359 7 054 4.3 4.1 Operating profit (EBIT) 860 781 10.1 8.8 in % 11.7 1) 11.1 2) Net income from financing and investing activities –15 –10 Profit before taxes 8
Slide 5: Asia-Pacific: Continued growth
Asia-Pacific Continued growth Mixed market development continued China: new installations market stabilized, pricing remained under continuous pressure India: demonetization and newly implemented Goods and Services Tax (GST) impacting market sentiment and lowering short-term growth expectations
Slide 6: Americas: US market remains solid
Americas US market remains solid Diverging market developments North America: ongoing growth in the US new installations, modernization, and service markets across all segments Latin America: region under pressure overall; continued weakness of real estate market in Brazil Schindler performance
Slide 7: Europe: Strong markets
Europe Strong markets Overall positive development Northern Europe: continued good growth Southern Europe: accelerated recovery in major markets Schindler performance Momentum remains strong across the region Ongoing growth in all product lines Improved portfolio density thanks to a number
Slide 8: Outlook 2017
Outlook 2017 Status as of October 24, 2017 Business environment Schindler guidance (unchanged) Long-term growth drivers remain intact Focus on profitable growth unchanged Economic conditions continue to be Revenue expected to increase by influenced by political and 3% to 5% in local currenci
Slide 9: Financial Calendar
Financial Calendar 2018 Publication of Full Year Results 2017 February 16 Ordinary General Meeting Schindler Holding Ltd. March 20 First trading date ex-dividend March 22 Date of Schindler Holding Ltd. dividend payment March 26 Contact: Marco Knuchel, Head Investor Relations; Phone +41 41 445 30 61,
Slide 10: Additional Slides
Additional Slides © Schindler | Key figures as of September 30, 2017 Slide 10
Slide 11: IFRS 15 – Revenue recognition: Changes and impacts
IFRS 15 – Revenue recognition Changes and impacts Until end of 2017 Until end of 2017 Gradual revenue recognition over duration of new installations and modernization projects (percentage-of-completion, starting with first costs allocated to project) Accumulated costs and estimated margins repor
Slide 12: IFRS 15 – Restatement as of January 1, 2018
IFRS 15 – Revenue recognition Restatement as of January 1, 2018 Approach – Transition from old accounting standard to IFRS 15 recognized in equity as of January 1, 2018 – No restatement of comparative figures 2017 reported in 2018 (modified retrospective approach) Financial impacts – Negative equity
Slide 13: Balance sheet
Balance sheet In CHF million 30.9.2017 in % 31.12.2016 in % 30.9.2016 in % Cash and cash equivalents 1 590 18.8 1 988 23.9 2 201 25.7 Other current assets 3 723 44.1 3 432 41.4 3 522 41.1 Total current assets 5 313 62.9 5 420 65.3 5 723 66.8 Non-current assets 3 129 37.1 2 883 34.7 2 843 33.2 Total
Slide 14: Quarterly overview 2017/2016
Quarterly overview 2017/2016 2017 2016 In CHF million Q3 Q2 Q1 Q4 Q3 Q2 Q1 Orders received 2 737 2 739 2 607 2 699 2 592 2 616 2 467 Revenue 2 590 2 509 2 260 2 629 2 409 2 469 2 176 Operating profit (EBIT) 302 298 260 352 277 269 235 in % 11.7 11.9 11.5 13.4 11.5 10.9 10.8 Financing activities 3 23
Slide 15: 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 | Key figures as of September 30, 2017 Slide 15
Slide 16: 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 | Key figures as of September 30, 2017 Slide 16
Slide 17: China inventories
0 50 100 150 200 250 300 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 12.03 2012 12.05 12.07 © Schindler | Key figures as of September 30, 2017 12.09 12.11 13.01 13.03 2013 13.05 Tier 1 Tier 2 13.07 13.09 Tier 3-4 China inventories 13.11 14.01 14.03 2014 14