Schneider Electric Se · EURONEXT:SU
Schneider Electric — Q1 2024 Earnings Presentation
20 slides from Schneider Electric's earnings presentation, Apr 25, 2024
Slide 1: First Quarter 2024 Revenues – April 25, 2024
Schneider Electric First Quarter 2024 Revenues – April 25, 2024 Q1 2024 - Revenues up +5% organic; Full Year Target reaffirmed Public
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: Q1 2024 – revenues up +5% organic
Q1 2024 – revenues up +5% organic Group €8.6bn +5.3% Q1’24 revenues org. growth Enabling a Energy Management Industrial Automation SUSTAINABLE future € 6.9bn +8.9% €1.7bn -6.6% Q1’24 revenues org. growth Q1’24 revenues org. growth Driven by Megatrends: 1 2 3 4 5 Digitization & Climate Energy Evoluti
Slide 4: Growth in Q1 led by Systems and Field Services
Growth in Q1 led by Systems and Field Services PRODUCTS SYSTEMS SOFTWARE & SERVICES 53% of Q1 revenues 28% of Q1 revenues 19% of Q1 revenues +2% +14% +5% Q1 organic growth Q1 organic growth Q1 organic growth • Energy Management up with consumer- • Energy Management up strong double-digit • One Softw
Slide 5: Sustainability Impact score continues to progress
Sustainability Impact score continues to progress 2021-2025 Sustainability Impact Awards: 12 global partners, customers, and suppliers recognized for CLIMATE SSI #2 - Help our customers save and avoid 800 million outstanding performance in decarbonizing their own tonnes of CO2 emissions 2 operation
Slide 6: An Impact company driving Efficiency and Decarbonization
An Impact company driving Efficiency and Decarbonization Large Water Utility Data Center Buildings Infrastructure Industry France UAE Australia India Scope 1&2 emissions reduction: Eco Consult, Ecofit & Eco Care 1.5 billion litres of safe drinking Smart Manufacturing -31% between 2022 & 2023 water p
Slide 7: Q1 2024 up +5% organic
Q1 2024 up +5% organic Analysis of Change in Group Revenues (in €m) +19.5% -1.2% -2.6% +7.1% 8,606 +4.0% 8,493 -1.5% Mainly representing the divestiture of the industrial sensors business Group +5.3% org. Driven by the weakening of the US Dollar, Chinese Yuan, Turkish Lira and Argentinian Peso vs. t
Slide 8: Q1 Business performance highlights by end-market
Q1 Business performance highlights by end-market Energy Management Industrial Automation End Markets Buildings Data Center & Networks Infrastructure Industry • Resi stable with regional • Very strong demand in Data • Strong demand in Electrical • Discrete demand down YoY variance – RoW growing, Nort
Slide 9: Energy Management +9% Q1 org. growth
Energy Management +9% Q1 org. growth W. Europe N. America Asia Pac. Rest of the World Split of Q1 2024 revenue by geography: 24% 38% 26% 12% North America +10% Western Europe +4% U.S. up double-digit, Mexico up low-single digit and Canada flat, with all three Growth led by Italy, up double-digit, fo
Slide 10: Industrial Automation -7% Q1 org. growth
Industrial Automation -7% Q1 org. growth W. Europe N. America Asia Pac. Rest of the World Split of Q1 2024 revenue by geography: 28% 22% 33% 17% North America -10% Western Europe -16% The U.S. was down impacted by timing at AVEVA despite good France down mid-single digit, better than the rest of the
Slide 11: Expected trends in 2024
Expected trends in 2024 • Strong and dynamic market demand to continue on the back of structural megatrends • Strong demand for System offers notably driven by trends in Data Centers, Grid Infrastructure investment and increased investments across Process Industries served by both businesses • Conti
Slide 12: 2024 Target reaffirmed
2024 Target reaffirmed The Group reaffirms its 2024 financial target as follows: 2024 Adjusted EBITA growth of between +8% and +12% organic The target would be achieved through a combination of organic revenue growth and margin improvement, currently expected to be: • Revenue growth of +6% to +8% or
Slide 13: Capital allocation priorities in order of preference
Capital allocation priorities in order of preference Strong Investment Continued focus on 1 Grade Credit Ratings 2 Progressive Dividends Portfolio evolution Funding 4 /Share Buyback 3 Organic Growth Investor Relations – Schneider Electric Page 13 Public
Slide 14: Q&A
Q&A Investor Relations – Schneider Electric Page 14
Slide 15: Investor Relations ready to engage
Investor Relations ready to engage 25 April Q1 2024 Revenues Investor Relations contacts 23 May Shareholders’ Meeting (Paris) Amit Bhalla – amit.bhalla@se.com 4 June BNP Paribas Exane CEO conference (Paris) Graham Phillips – graham.phillips@se.com 12 June JP Morgan European CapGoods CEO conference (
Slide 16: Appendix
Appendix Investor Relations – Schneider Electric Page 16
Slide 17: 2024 additional notes
2024 additional notes Foreign Exchange impact: Based on current rates, the FX impact on FY 2024 revenues is estimated to be between -€200 million to -€300 million. The FX impact at current rates1 on adjusted EBITA margin for FY 2024 could be around -30bps Scope: Around -€300 million on 2024 revenues
Slide 18: External recognition of our in Q1 2024
External recognition of our in Q1 2024 Investor Relations – Schneider Electric Page 18 General
Slide 19: Q1 2024 Results
2024 Q1 Q2 Q3 Q4 Target Q1 2024 Results Score1 6.43 7.40 6 long-term commitments Baseline Q1 2024 2025 Target CLIMATE 1. Grow Schneider Impact revenues*2 70% 80% 74% 2. Help our customers save and avoid millions of tonnes of CO2 emissions3 263M 576M 800M 3. Reduce CO2 emissions from top 1,000 suppli
Slide 20: se.com
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