Schindler Holding Ltd. · SIX:SCHN
Schindler — Q3 2013 Earnings Presentation
17 slides from Schindler's earnings presentation, Oct 15, 2013
Slide 1: Welcome to Schindler: Selected key figures September 30, 2013
Gate to the East, Suzhou, China, commercial and residential building 20 Schindler 7000 elevators Welcome to Schindler Selected key figures September 30, 2013 October 15, 2013
Slide 2: Summary January - September 2013
Summary January - September 2013 Strong growth in challenging environment Growth – Orders received (incl. maintenance) increased by 7.0% (+8.3 % in local currencies) – Revenue grew by 6.2% (+7.5% in local currencies) – Order backlog at record level of CHF 8 113 million (+14.5% versus year-end 2012)
Slide 3: Key figures as of September 30, 2013 (January–September)
Key figures as of September 30, 2013 January – September 2013 2012 In CHF million Jan.–Sept. Jan.–Sept ∆ in % ∆% in LC Orders received 7 200 6 726 +7.0 +8.3 Revenue 6 446 6 068 +6.2 +7.5 Operating profit (EBIT) 682 723 –5.7 –4.1 in % 10.6 11.9 Net income from financing and investing activities 20 –7
Slide 4: Summary July - September 2013
Summary July - September 2013 Strong growth but profit development below expectation Growth – Orders received (incl. maintenance) increased by 6.9% or 11.1 % in local currencies – Revenue grew by 4.7% or 8.6% in local currencies – Strong growth of NI revenue in China and India Profitability – EBIT r
Slide 5: Key figures as of September 30, 2013 (July–September)
Key figures as of September 30, 2013 July – September In CHF million Q3/2013 Q3/2012 ∆ in % ∆% in LC Orders received 2 340 2 189 +6.9 +11.1 Revenue 2 196 2 097 +4.7 +8.6 Operating profit (EBIT) 212 259 –18.1 –14.7 in % 9.7 12.4 Net income from financing and investing activities 1 –10 Profit before t
Slide 6: Asia/Pacific and the Middle East
Asia/Pacific and the Middle East Development as of September 2013 Continued strong growth in emerging markets – Large Chinese NI market continues to grow above 10% – Robust growth in Indian and Southeast Asian NI markets – Good level of growth in Gulf area lead by Saudi Arabia Schindler achieved abo
Slide 7: China: Growth agenda and investments progressing well
China: Growth agenda and investments progressing well Initiatives Status Q3/2013 Competitive Schindler 3600 for residential segment gaining momentum product portfolio Introduction of Schindler 5500 under way Geographic expansion Branch and service network extension being accelerated Investme
Slide 8: Americas
Americas Development as of September 2013 Growth in Americas – Positive trend of North American construction sector continues – Stable construction activity in Latin America – Brazilian NI market cooling down Schindler maintained its good market position – Increase in NI order intake driven by North
Slide 9: Europe
Europe Development as of September 2013 Difficult market conditions – Slight decline in overall NI market in Europe – Activity in central and northern Europe remained at high level – In southern and eastern Europe NI markets continued to decline – Price pressure intense in all segments Schindler’s p
Slide 10: Market outlook 2013
Market outlook 2013 Status as of October 15, 2013 A three speed world – Continued strong growth in emerging markets, particularly in China, India and Gulf Area – Recovery in North America continues – European environment remains challenging Schindler – focus on growth and expanding footprint in emer
Slide 11: Outlook 2013
Outlook 2013 Status as of October 15, 2013 Revised guidance for FY 2013 Revenue growth: approximately +7% in local currencies Net profit: CHF 500 million to CHF 550 million (after Hyundai impairment of CHF 155 million in 1H/2013) © Schindler | Investor Relations | Page 11
Slide 12: Additional charts
Additional charts © Schindler | Investor Relations | Page 12
Slide 13: Quarterly overview Q1/2012 to Q3/2013
Quarterly overview Q1/2012 to Q3/2013 2013 2012 In CHF million Q3 Q2 Q1 Q4 Q3 Q2 Q1 Orders received 2 340 2 503 2 357 2 241 2 189 2 344 2 193 Revenue 2 196 2 270 1 980 2 190 2 097 2 067 1 904 Operating profit (EBIT) 212 253 217 267 259 250 214 in % 9.7 11.1 11.0 12.2 12.4 12.1 11.2 Financing activit
Slide 14: Quarterly development of orders received: 2011 – 2013
Quarterly development of orders received: 2011 – 2013 In CHF million 2 500 2 000 1 500 1 000 2011 2012 500 2013 0 Q1 Q2 Q3 Q4 © Schindler | Investor Relations | Page 14
Slide 15: Quarterly development of revenue: 2011 – 2013
Quarterly development of revenue: 2011 – 2013 In CHF million 2 500 2 000 1 500 1 000 2011 2012 500 2013 0 Q1 Q2 Q3 Q4 © Schindler | Investor Relations | Page 15
Slide 16: Balance sheet
Balance sheet In CHF million 30.09.2013 in % 31.12.2012 in % Cash and cash equivalents 2 647 31.3 2 178 27.9 Other current assets 3 425 40.5 2 992 38.2 Total current assets 6 072 71.8 5 170 66.1 Non-current assets 2 381 28.2 2 652 33.9 Total assets 8 453 100.0 7 822 100.0 Current liabilities 4 009 4
Slide 17: Thank you.
Thank you. Financial calendar 2014 Annual results media conference & publication of Annual Report February 14 Ordinary General Meeting Schindler Holding Ltd. March 17 Publication of selected key figures as of March 31 April 22 Publication of Interim Report as of June 30 August 13 Publication of sele