Schindler Holding Ltd. · SIX:SCHN
Schindler — Q3 2015 Earnings Presentation
18 slides from Schindler's earnings presentation, Oct 23, 2015
Slide 1: Welcome to Schindler: Selected key figures as of September 30, 2015
Welcome to Schindler Selected key figures as of September 30, 2015 Publication on October 23, 2015 Salvador Subway, Salvador City; Bahia State, Brazil 24 Schindler 5500 elevators, 53 Schindler 9300 escalators
Slide 2: Highlights: January – September 2015
Highlights: January – September 2015 Continued growth and improved profitability Markets Overall no growth Slight decline in China and growth in rest of Asia and North America Unchanged trends in other markets Schindler’s growth strategy on track Continued growth on top and bottom line Acc
Slide 3: Key figures as of September 30, 2015: Q3
Key figures as of September 30, 2015 Q3: July – September In CHF million 2015 2014 ∆% ∆% in LC Orders received 2 384 2 448 –2.6 +4.3 Revenue 2 310 2 314 –0.2 +7.0 Operating profit (EBIT), comparable 249 231 +7.8 +20.8 in % 10.8 10.0 Net profit, comparable 195 187 +4.3 Including exceptional items 201
Slide 4: Key figures as of September 30, 2015: Q3 cash flow and backlog
Key figures as of September 30, 2015 Q3: July – September In CHF million 2015 2014 ∆% ∆% in LC Cash flow from operating activities 227 205 +10.7 Investments in property, plant, and equipment 51 39 +30.8 30.09.2015 30.06.2015 Order backlog 9 519 9 191 +3.6 +2.4 Number of employees 56 347 55 234 +2.0
Slide 5: Key figures as of September 30, 2015: January to September
Key figures as of September 30, 2015 January to September In CHF million 2015 2014 ∆% ∆% in LC Orders received 7 361 7 410 –0.7 +3.9 Revenue 6 802 6 653 +2.2 +7.3 Operating profit (EBIT), comparable 725 673 +7.7 +16.8 in % 10.7 10.1 Net profit, comparable 553 523 +5.7 Including exceptional items 201
Slide 6: Key figures as of September 30, 2015: January to September cash flow
Key figures as of September 30, 2015 January to September In CHF million 2015 2014 ∆% ∆% in LC Cash flow from operating activities 699 606 +15.3 Investments in property, plant, and equipment 128 142 –9.9 30.09.2015 31.12.2014 Order backlog 9 519 9 263 +2.8 +11.2 Number of employees 56 347 54 209 +3.
Slide 7: Asia-Pacific: Development in Q3/2015
Asia-Pacific: Development in Q3/2015 Mixed market development China: slightly declining market, driven by lower tier cities India: strong growth but below potential Southeast Asia: slowdown in commodity driven countries, growth in other markets Growing order intake across all markets China:
Slide 8: China: market update
China: market update Floor space sold in China Opportunities 500 15% Urbanization and infrastructure investment continue unabated 450 13.3% 13.5% Shift to service-led economy and development of service culture 10% 400 Several stimulus measures deployed to prop up market 350 5% Strong pick-up
Slide 9: Innovation: new product launches
Innovation: new product launches Made in China for China with global scope New generation of Schindler 9300 escalator New Schindler 3300 MMR elevator New Schindler 5400 elevator for mid-rise residential Launch of Schindler 5500 elevator in China Schindler 5500 app © Schindler | Key figures as of Sep
Slide 10: Outlook 2015
Outlook 2015 Status as of October 23, 2015 Market Overall no growth Financials (unchanged) Revenue expected to increase by 6% to 8% in local currencies Net profit 2015 in the range of CHF 700 million to CHF 750 million © Schindler | Key figures as of September 30, 2015 Slide 10
Slide 11: Additional Charts
Additional Charts © Schindler | Key figures as of September 30, 2015 Slide 11
Slide 12: Balance sheet
Balance sheet In CHF million 30.09.2015 in % 31.12.2014 1 in % Cash and cash equivalents 2 085 24.9 2 722 30.5 Other current assets 3 686 44.0 3 401 38.1 Total current assets 5 771 68.9 6 123 68.6 Non-current assets 2 603 31.1 2 802 31.4 Total assets 8 374 100.0 8 925 100.0 Current liabilities 4 363
Slide 13: Quarterly overview 2015/2014
Quarterly overview 2015/2014 2015 2014 In CHF million Q3 Q2 Q1 Q4 Q3 Q2 Q1 Orders received 2 384 2 534 2 443 2 569 2 448 2 520 2 442 Revenue 2 310 2 355 2 137 2 593 2 314 2 292 2 047 Operating profit (EBIT), comparable 249 254 222 259 231 237 205 in % 10.8 10.8 10.4 10.0 10.0 10.3 10.0 Net profit, c
Slide 14: Quarterly development of orders received: 2012 – 2015
Quarterly development of orders received: 2012 – 2015 In CHF million 3 000 FX impact 2015 (in CHF million): 2 500 Q1: –54 (–2.2%) Q2: –117 (–4.4%) 2 000 Q3: –170 (–6.7%) 1 500 1 000 500 2012 2013 2014 0 2015 Q1 Q2 Q3 Q4 FX impact © Schindler | Key figures as of September 30, 2015 Slide 14
Slide 15: Quarterly development of revenue: 2012 – 2015
Quarterly development of revenue: 2012 – 2015 In CHF million 3 000 FX impact 2015 (in CHF million): 2 500 Q1: –53 (–2.4%) Q2: –117 (–4.7%) 2 000 Q3: –166 (–6.7%) 1 500 1 000 500 2012 2013 2014 0 2015 Q1 Q2 Q3 Q4 FX impact © Schindler | Key figures as of September 30, 2015 Slide 15
Slide 16: Share buyback program – 2nd trading line
Share buyback program – 2nd trading line as of September 30, 2015 Registered Participation shares certificates Number of securities purchased in 2015 723 900 2 532 502 Number of securities cancelled in 2015 –118 550 –382 222 Number of securities held as of September 30, 20151 679 350 2 399 480 1 To
Slide 17: China: Prices for residential property climbed 11.4% y-o-y in Q3/2015
China: Prices for residential property climbed 11.4% y-o-y in Q3/2015 Real estate investment Floor space started 3000 20% 600 10% 2500 16.8% 500 4.7% 5% 15% 0% 2000 12.6% 400 10.0% 10% ‐5% 8.5% ‐7.7% 1500 300 ‐10.5% ‐10% 5.6% 5% ‐14.4% ‐14.3% ‐15% 1000 2.3% 200 ‐18.4% ‐20% 500 ‐0.6% 0% 100 ‐25% ‐25.
Slide 18: Thank you.
Thank you. Financial calendar 2016 Full-year results 2015 February 12 Selected key figures as of March 31, 2016 April 28 Interim Report as of June 30, 2016 August 16 Selected key figures as of September 30, 2016 October 25 Your contact: Barbara Zäch, Head Investor Relations; Tel. +41 41 445 30 61, i