Slide 1: Welcome to Schindler – Interim Results as of June 30, 2015
Hanyu Finance Business Center, Jinan, China Welcome to Schindler Top multi-function building complex for office and business service in the Central Business District of Shandong Province. 16 buildings of the complex feature 172 Schindler installations, Interim Results as of June 30, 2015 thereof 45
Slide 2: Highlights: January – June 2015
Highlights: January – June 2015 Sustained growth and improved profitability Markets Slowdown in China, sustained growth in rest of Asia-Pacific and India Growth in the US, decline in South America Europe flat with improvements in certain markets Schindler’s growth strategy on track Resilient
Slide 3: Key figures as of June 30, 2015 – Q2: April – June
Key figures as of June 30, 2015 Q2: April – June In CHF million 2015 2014 Δ% Δ% in LC Orders received 2 534 2 520 +0.6 +5.2 Revenue 2 355 2 292 +2.7 +7.9 Operating profit (EBIT) comparable 254 237 +7.2 +15.6 in % 10.8 10.3 Net profit comparable 190 176 +8.0 Including exceptional items 2014 Operating
Slide 4: Key figures as of June 30, 2015 – Q2: April – June
Key figures as of June 30, 2015 Q2: April – June In CHF million 2015 2014 Δ% Δ% in LC Cash flow from operating activities 141 46 +206.5 Investments in property, plant, and equipment 42 64 –34.4 30.06.2015 31.03.2015 Order backlog 9 191 9 163 +0.3 +3.2 Number of employees 55 234 54 668 +1.0 © Schindl
Slide 5: Key figures as of June 30, 2015 – 1H: January to June
Key figures as of June 30, 2015 1H: January to June In CHF million 2015 2014 Δ% Δ% in LC Orders received 4 977 4 962 +0.3 +3.7 Revenue 4 492 4 339 +3.5 +7.4 Operating profit (EBIT) comparable 476 442 +7.7 +14.7 in % 10.6 10.2 Net profit comparable 358 336 +6.5 Including exceptional items 2014 Operat
Slide 6: Key figures as of June 30, 2015 – 1H: January to June
Key figures as of June 30, 2015 1H: January to June In CHF million 2015 2014 Δ% Δ% in LC Cash flow from operating activities 472 401 17.7 Investments in property, plant, and equipment 77 103 –25.2 30.06.2015 31.12.2014 Order backlog 9 191 9 263 –0.8 +8.5 Number of employees 55 234 54 209 +1.9 © Schi
Slide 7: Order backlog and revenue by region
Order backlog and revenue by region Record order backlog provides solid base for future growth Revenue growth by region (in LC) Order backlog 1H/2015: CHF 9 191 million (+12.5% in LC) 1H/2014: CHF 8 627 million 20% 18% 1H/2015 1H/2014 16% Asia/Pacific 44% 39% 14% Americas 30% 30% Europe 26% 31% 12%
Slide 8: Asia-Pacific: Development in 1H/2015
Asia-Pacific: Development in 1H/2015 Mixed market development China: flat India: good growth Southeast Asia: remained strong Acceleration of order intake in Q2 In China double-digit unit growth despite lower number of large projects Southeast Asia and India with good growth contribution ©
Slide 9: China: Opportunities persist in spite of flat market
China: Opportunities persist in spite of flat market Floor space sold in China Excess supply gradually absorbed Strong pick-up in “floor space sold” in Q2; June up 16% 500 15% 450 13.3% “Sales prices of residential buildings” in tier 1 cities increased by 3% 400 10% in Q2 versus Q1 and stabilize
Slide 10: Americas: Development in 1H/2015
Americas: Development in 1H/2015 North and South American markets decoupled North America: continued growth South America: further contraction Order intake growth in North America offsets weakening in South America North America: solid growth, especially in infrastructure segments South Amer
Slide 11: Europe: Development in 1H/2015
Europe: Development in 1H/2015 Persistent uncertainties New installation market contraction driven by recession in Russia Southern Europe: first signs of market bottoming out Service market under continued price pressure both in Northern and Southern Europe Schindler holding ground Stable or
Slide 12: Digitization: award-winning solutions for customers and field personnel
Digitization: award-winning solutions for customers and field personnel Differentiation in competitive pricing environment Schindler Dashboard and MIT Sloan CIO Leadership Schindler Dashboard Mobile Award 2015 “Thanks to an exceptional digital vision Customer and its sustained digital business trans
Slide 13: Outlook 2015
Outlook 2015 Status as of August 14, 2015 Global new installation market estimated to grow at max. 3% in 2015 Chinese market expected to show minimal growth Other Asia-Pacific markets and India likely to continue with good growth US market with sustained growth Contraction of South American
Slide 14: Additional Charts
Additional Charts © Schindler | Interim Results as of June 30, 2015 | Slide 14
Slide 15: China: Mixed data on China property market in H1 2015
China: Mixed data on China property market in H1 2015 Floor space started in China Change H1 2015 vs H1 2014 Real estate investment in China 600 10% Floor space Real estate 3000 18% 16.8% 4.7% 5% started investment 16% 500 2500 14% 400 0% Total -15.8% +4.6% 2000 12.6% 12% ‐5% 10.0% 10% 300 ‐10.5% ‐1
Slide 16: China: Trend reversal in “floor space started” in Shanghai and Beijing
China: Trend reversal in “floor space started” in Shanghai and Beijing Floor space started: Shanghai Floor space started: Beijing 70% 14'000 9'985 30'000 60% 50% 9'000 6'681 6'656 20'000 18'014 16'596 40% 5'700 5'454 31.6% 15'674 30% 14'098 4'000 3'432 22.0% 10'000 6'927 6'382 20% 10% 11.2% 0 0% ‐1'
Slide 17: China: Prices in tier 1 cities increased in Q2 vs Q1
China: Prices in tier 1 cities increased in Q2 vs Q1 and stabilized in tier 2 and 3 cities Change is sales prices of residential Change is sales prices of residential Change is sales prices of residential buildings in Tier 1 cities (q‐o‐q) buildings in Tier 2 cities (q‐o‐q) buildings in Tier 3 & 4 c
Slide 18: Balance sheet
Balance sheet In CHF million 30.06.2015 in % 31.12.2014 1 in % Cash and cash equivalents 2 201 26.1 2 722 30.5 Other current assets 3 601 42.7 3 401 38.1 Total current assets 5 802 68.8 6 123 68.6 Non-current assets 2 633 31.2 2 802 31.4 Total assets 8 435 100.0 8 925 100.0 Current liabilities 4 312
Slide 19: Quarterly overview 2015/2014
Quarterly overview 2015/2014 2015 2014 In CHF million Q2 Q1 Q4 Q3 Q2 Q1 Orders received 2 534 2 443 2 569 2 448 2 520 2 442 Revenue 2 355 2 137 2 593 2 314 2 292 2 047 Operating profit (EBIT) comparable 254 222 259 231 237 205 in % 10.8 10.4 10.0 10.0 10.3 10.0 Net profit comparable 190 168 217 187
Slide 20: 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 | Interim Results as of June 30, 2015 | Slide 20
Slide 21: 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 | Interim Results as of June 30, 2015 | Slide 21
Slide 22: Exchange rate development 1H/2014 – 1H/2015
Exchange rate development 1H/2014 – 1H/2015 Change in % vs CHF 20 15 10 6.7 5.7 5 3.4 0 -5 -2.7 - 10 -8.6 - 15 -12.3 - 20 -17.1 Average rate EUR USD GPB BRL CNY AUD INR H1/2015 1.07 0.95 1.45 32.31 15.27 0.74 1.51 H1/2014 1.22 0.89 1.49 38.97 14.45 0.81 1.46 © Schindler | Interim Results as of June
Slide 23: Share buyback program – 2nd trading line as of June 30, 2015
Share buyback program – 2nd trading line as of June 30, 2015 Registered Participation shares certificates Number of securities purchased in 2013 2 618 693 1 258 576 Number of securities purchased in 2014 162 600 544 000 Number of securities cancelled in 2014 –2 707 293 –1 553 376 Number of securitie
Slide 24: Thank you.
Thank you. Financial calendar Selected key figures as of September 30, 2015 October 23, 2015 Full-year results 2015 February 12, 2016 Your contact: Barbara Zäch, Head Investor Relations; Tel. +41 41 445 30 61, investor.relations@schindler.com The information in the presentation was factually accurat