Schindler Holding Ltd. · SIX:SCHN

Schindler — Q3 2014 Earnings Presentation

20 slides from Schindler's earnings presentation, Oct 21, 2014

  1. Slide 1: Welcome to Schindler: Selected key figures as of September 30, 2014

    Tencent Seafront Tower, Shenzhen, China, office building 62 Schindler 7000, 10 Schindler 5400 elevators, 4 Schindler 9300AE escalators, PORT technology Welcome to Schindler Selected key figures as of September 30, 2014 Conference Call on October 21, 2014

  2. Slide 2: Summary July to September, 2014

    Summary July to September, 2014 Continuing on a growth path Growth – Orders received grew by 5.3% in local currencies; +4.6% in CHF – Revenue was up by 6.3% in local currencies; +5.4% in CHF – XJ-Schindler consolidated since mid August – Strong sales of Schindler 3600 and Schindler 5500 elevator pro

  3. Slide 3: Key figures July – September

    Key figures as of September 30 July – September In CHF million 2014 2013 Δ% Δ% in LC Orders received 2 448 2 340 +4.6 +5.3 Revenue 2 314 2 196 +5.4 +6.3 Operating profit (EBIT) before revaluation XJ-Schindler1 231 212 +9.0 +10.4 in % 10.0 9.7 Operating profit (EBIT) 376 212 +77.4 +78.8 in % 16.2 9.7

  4. Slide 4: Key figures July – September: cash flow, backlog, headcount

    Key figures as of September 30 July – September In CHF million 2014 2013 Δ% Δ% in LC Cash flow from operating activities 205 135 +51.9 Investments in property, plant, and equipment 39 49 –20.4 30.09.2014 30.06.2014 Order backlog 9 429 8 627 +9.3 +6.2 Headcount at end of period 53 617 49 751 +7.8 © S

  5. Slide 5: Summary January to September, 2014

    Summary January to September, 2014 Continuing on a growth path Growth – Orders received grew by 6.7% in local currencies; +2.9% in CHF – Revenue was up by 7.1% in local currencies; +3.2% in CHF – Revenue suffered from negative translation impact of CHF –253 million – Order backlog at record high of

  6. Slide 6: Key figures January – September

    Key figures as of September 30 January – September In CHF million 2014 2013 Δ% Δ% in LC Orders received 7 410 7 200 +2.9 +6.7 Revenue 6 653 6 446 +3.2 +7.1 Operating profit (EBIT) before exceptional items1 673 682 –1.3 +3.5 in % 10.1 10.6 Operating profit (EBIT) 900 682 +32.0 +36.8 in % 13.5 10.6 Ne

  7. Slide 7: Key figures January – September: cash flow, backlog, headcount

    Key figures as of September 30 January – September In CHF million 2014 2013 Δ% Δ% in LC Cash flow from operating activities 606 613 –1.1 Investments in property, plant, and equipment 142 138 +2.9 30.09.2014 31.12.2013 Order backlog 9 429 7 722 +22.1 +18.4 Headcount at end of period 53 617 48 169 +11

  8. Slide 8: Asia/Pacific and Middle East Development

    Asia/Pacific and Middle East Development as of September 30, 2014 Strong growth continued in emerging markets – Construction market in China delivered solid growth despite clear signs of slow-down – Rebound of Indian market since May elections – Continued growth in South-East Asia and the Middle Eas

  9. Slide 9: Americas Development

    Americas Development as of September 30, 2014 Mixed market growth in Americas – North American market grew at healthy rate – Encouraging price development both in the new installation and service businesses in North America – Latin America showed growth despite slowing market in Brazil Schindler mai

  10. Slide 10: Europe Development

    Europe Development as of September 30, 2014 Difficult market conditions continued – Sustained growth in northern and eastern Europe – Continued decline in southern countries – Price pressure in the service business Schindler performed well in demanding environment – Overall order intake grew in spit

  11. Slide 11: Market outlook 2014

    Market outlook 2014 Status as of October 21, 2014 Solid market fundamentals on the back of urbanization trends – Market growth in the region Asia/Pacific and Middle East – Some slow-down signs in China’s residential market – Market growth in North America with positive pricing development – Mixed en

  12. Slide 12: Outlook 2014

    Outlook 2014 Status as of October 21, 2014 Guidance for FY/2014 Revenue growth: Revenue growth of 6% to 8% in local currencies Net profit: CHF 815 million to CHF 865 million CHF 635 million to CHF 685 million before exceptional items1 1 Exceptional items: Revaluation XJ-Schindler: CHF 145 million, M

  13. Slide 13: Additional Charts

    Additional Charts © Schindler | Investor Relations | Slide 13

  14. Slide 14: Balance sheet

    Balance sheet In CHF million 30.09.2014 % 31.12.2013 % Cash and cash equivalents 2 622 28.8 2 228 28.5 Other current assets 3 841 42.3 3 260 41.9 Total current assets 6 463 71.1 5 488 70.4 Non-current assets 2 622 28.9 2 309 29.6 Total assets 9 085 100.0 7 797 100.0 Current liabilities 4 770 52.5 3

  15. Slide 15: Quarterly overview 2014/2013

    Quarterly overview 2014/2013 2014 2013 In CHF million Q3 Q2 Q1 Q4 Q3 Q2 Q1 Orders received 2 448 2 520 2 442 2 256 2 340 2 503 2 357 Revenue 2 314 2 292 2 047 2 367 2 196 2 270 1 980 Operating profit (EBIT) 3761 3192 205 214 212 253 217 in % 16.21 13.92 10.0 9.0 9.7 11.1 11.0 Financing activities 4

  16. Slide 16: Quarterly development of orders received: 2011 – 2014

    Quarterly development of orders received: 2011 – 2014 In CHF million 2 500 2 000 1 500 1 000 500 2011 2012 2013 0 2014 Q1 Q2 Q3 Q4 © Schindler | Investor Relations | Slide 16

  17. Slide 17: Quarterly development of revenue: 2011 – 2014

    Quarterly development of revenue: 2011 – 2014 In CHF million 2 500 2 000 1 500 1 000 500 2011 2012 2013 0 2014 Q1 Q2 Q3 Q4 © Schindler | Investor Relations | Slide 17

  18. Slide 18: China: Newly started floor space

    China: Newly started floor space Signs of recovery in the past few months 600 40% January to August (y-o-y): 500 33.1% 30% 20% – 10.5% decrease of floor space 400 14.9% started overall 10% 300 8.8% 7.3% – Biggest drop in the residential 0.3% 0.0% 0% segment (-14.4%) 200 -2.7% -10% – Commercial build

  19. Slide 19: Megatrends impacting the E&E business

    Megatrends impacting the E&E business Medium-term outlook supports Schindler’s growth objectives Megatrends E&E market implications Urbanization – Emerging markets will continue to drive E&E growth > GDP Wealth creation in – Continuous innovation needed to adapt products and services emerging market

  20. Slide 20: Thank you.

    Thank you. Next publication dates Full-year results 2014 February 13, 2015 Key figures as of March 31, 2015 April 28, 2015 Interim Report as of June 30, 2015 August 14, 2015 Selected key figures as of September 30, 2015 October 22, 2015 Your Investor Relations contact: Barbara Zäch, Head Investor Re

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