Schneider Electric Se · EURONEXT:SU
Schneider Electric — Q1 2014 Earnings Presentation
23 slides from Schneider Electric's earnings presentation, Apr 24, 2014
Slide 1: First Quarter 2014 Revenues
First Quarter 2014 Revenues April 24, 2014 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: Agenda
04 Highlights 08 Q1 revenues by business 14 Q1 revenues by region 16 Outlook Schneider Electric – Investor Relations – First Quarter 2014 Revenues – April 24, 2014 3
Slide 4: Highlights
Highlights
Slide 5: Solid growth in Q1 2014, revenues reaching €5.7bn, up 7.7%
Solid growth in Q1 2014, revenues reaching €5.7bn, up 7.7% in total and +2.5% organically. Good start of Invensys Continuous improvement of early cycle businesses ● Buildings & Partner grew in all regions, up 5.8% organically ● Industry kept its momentum with 6.0% organic growth ● Infrastructure and
Slide 6: Strong fiscal year 2013-2014 for Invensys
Strong fiscal year 2013-2014 for Invensys1 Order intake 2 Revenues2 OPBIT2, 3 Double digit growth ~flat 9% FY 2012/2013 FY 2013/2014 FY 2012/2013 FY 2013/2014 FY 2012/2013 FY 2013/2014 1: Excluding Appliance division 2: Constant exchange rate 3: see definition in Appendix Strong order growth in Soft
Slide 7: Planet & Society Barometer exceeds its annual target and reaches 8.04/10
This quarter, our Planet & Society Barometer exceeds its annual target and reaches 8.04/10 Indicators and objectives 2014 FY2013 Q1 2014 This quarter, Schneider Electric was rewarded by: Planet Selected indicators Global 100 ● 10% energy consumption savings 8% 9.2% Most Sustainable Corporations Schn
Slide 8: Q1 Revenues by business
Q1 Revenues by business >
Slide 9: Solid growth in Q1 driven by Buildings & Partner and Industry
Solid growth in Q1 driven by Buildings & Partner and Industry Analysis of change in Group revenues (m€) Scope Fx Organic +10.4% -5.2% +2.5% 5,671 Buildings & +7.7% Industry Infrastructure IT Partner +6.0% -3.7% -3.4% +5.8% 5,268 Q1 2013 Q1 2014 Based on current exchange rates, including the recent w
Slide 10: Buildings & Partner Business
Buildings & Partner Business Growth in all regions Analysis of change Western Europe was supported by some investments in non- residential construction in Spain, improving construction market Revenues in the Nordics and successful commercial initiatives in Germany. Scope Fx (m€) +2.3% -5.2% Although
Slide 11: Industry Business
Industry Business Solid performance with OEMs, challenges in some end-user segments Analysis of change OEM demand was the main driver for growth across most regions, while end-user demand remained weak overall except in the US. Revenues Scope Fx (m€) +41.9% -5.1% 1,444 North America showed positive
Slide 12: Infrastructure Business
Infrastructure Business Strong service growth, continued weakness in utility Analysis of change Driven by a double-digit decline in Western Europe, due to particularly weak utility markets in Germany, Spain and France. Revenues Outside Western Europe, the business grew low single-digit. Scope Fx (m€
Slide 13: IT Business
IT Business Penalized by destocking in Russia and softness in the US, strong growth in service Analysis of change IT revenues in the datacenter market showed mixed trends by region. Revenues In the US, revenues were down as investments in large (m€) and extra-large datacenters shifted demand towards
Slide 14: Q1 Revenues by region
Q1 Revenues by region >
Slide 15: Sequential improvements in Western Europe, growth in all other regions
Sequential improvements in Western Europe, % % of Group revenues in Q1 +x% Organic growth in Q1 growth in all other regions +x% Total growth in Q1 Western Europe: Excluding Infrastructure, all businesses North America: The US continued to grow, supported by an grew in the region, which would have be
Slide 16: Outlook
Outlook
Slide 17: 2014 outlook confirmed
2014 outlook confirmed Q1 performance is in line with expectations. As anticipated, Q2 will be impacted by high comparison basis and slightly negative working day effect of ~0.6pt, while growth is expected to accelerate in H2. Therefore the Group confirms its 2014 outlook: ● low single-digit organic
Slide 18: Appendices
Appendices
Slide 19: 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 ● OPBIT: Operating Profit Before Interests and Taxes before exceptional items Schneider Elec
Slide 20: Q1 2014 revenues performance
Q1 2014 revenues performance €m Q1 20131 Q1 2014 Organic Scope FX Reported Buildings & Partner 2,354 2,422 +5.8% +2.3% -5.2% +2.9% Industry 1,011 1,444 +6.0% +41.9% -5.1% +42.8% Infrastructure 1,110 1,089 -3.7% +6.8% -5.0% -1.9% IT 793 716 -3.4% -1.0% -5.3% -9.7% Group 5,268 5,671 +2.5% +10.4% -5.2%
Slide 21: The Planet & Society Barometer
The Planet & Society Barometer Our 2012-2014 detailed sustainability scorecard, as of Q1 2014 The Planet & Society Barometer Start Results Results Target (objectives for 2014) 01/2012 FY 2013 Q1 2014 12/2014 Overall score (out of 10) 3.00 7.51 8.04 8/10 Planet Carbon 10% CO2 savings on transportatio
Slide 22: Contacts & agenda
Contacts & agenda Anthony Song– Head of Investor Relations Tel: +33-1-41-29-83-29 anthony.song@schneider-electric.com Grégoire Rougnon – Senior Investor Relations Manager Tel: +33-1-41-29-81-25 gregoire.rougnon@schneider-electric.com Meeting and July 30, 2014 Half-year 2014 Results conference call i
Slide 23: Help people make the most of their energy
Help people make the most of their energy