Schindler Holding Ltd. · SIX:SCHN
Schindler — Schindler Hldg Ag Akt — Q3 2024 Earnings Presentation
21 slides from Schindler's earnings presentation, Oct 17, 2024
Slide 1: Q3 2024 results
Q3 2024 results October 17, 2024 © Schindler 2024 I © Schindler 2024 I We Elevate I October 17, 2024 I Investor Relations
Slide 2: Agenda
Agenda 1. Key messages Silvio Napoli 2. Market outlook and order intake Paolo Compagna 3. Financial results and 2024 guidance Carla De Geyseleer 4. Q&A Silvio Napoli/Carla De Geyseleer/ Paolo Compagna 2 I © Schindler 2024 I We Elevate I October 17, 2024 I Investor Relations
Slide 3: Q3 – Progressing on our agenda
Q3 – Progressing on our agenda Shareholder value creation driven by continued operational improvement, complemented by share buyback program Service and MOD Accelerating MOD markets robust order intake CHF500m NI markets mixed India, Brazil, ME bright spots, US +20% Share buyback program planned gre
Slide 4: Agenda
Agenda 1. Key messages Silvio Napoli 2. Market outlook and order intake Paolo Compagna 3. Financial results and 2024 guidance Carla De Geyseleer 4. Q&A Silvio Napoli/Carla De Geyseleer/ Paolo Compagna 4 I © Schindler 2024 I We Elevate I October 17, 2024 I Investor Relations
Slide 5: Market outlook 2024
Market outlook 2024 MOD market revised up in Americas, whilst India, Brazil and Middle East remain bright spots in NI Indicative APAC Schindler Units Americas EMEA China w/o China Global revenue split Service + + ++ ++ ++ New Installations Modernization (value) ++ + ++ ++ ++ Modernization and New In
Slide 6: Schindler order intake by region and product line – Q3
Schindler order intake by region and product line – Q3 APAC Q3 24 vs. Q3 23 in units Americas EMEA China w/o China Global Service + + ++ ++ + Modernization (value) +++ +++ +++ +++ +++ New Installations +++ – ––– ++ –– 0 to <5% + 0 to > –5% – 5% to 10% + + –5% to –10% –– >10% + + + < –10% ––– Stable
Slide 7: Agenda
Agenda 1. Key messages Silvio Napoli 2. Market outlook and order intake Paolo Compagna 3. Financial results and 2024 guidance Carla De Geyseleer 4. Q&A Silvio Napoli/Carla De Geyseleer/ Paolo Compagna 7 I © Schindler 2024 I We Elevate I October 17, 2024 I Investor Relations
Slide 8: Order intake back to growth and sustained improvement in profitability
Order intake back to growth and sustained improvement in profitability Q3 24 vs. Q3 23 Order intake Revenue Operating cash flow YoY growth + 3.8% + 1.5% +2.5% -0.4% +5.5% + 0.9% + 4.3% + 1.1% +1.7% +2.6% in LC 600 547 507 2 844 2 791 2 977 2 711 2 812 2 960 2 920 2 788 400 2 657 2 673 257 203 Order
Slide 9: Order intake and revenue
Order intake and revenue On track to deliver low-single digit revenue growth (LC) in 2024 Order intake – Q3 in CHF million Revenue – Q3 in CHF million YoY growth in LC +5.5% +2.6% YoY growth in CHF +2.0% –0.9% 9 I © Schindler 2024 I We Elevate I October 17, 2024 I Investor Relations
Slide 10: Operating profit
Operating profit Improvement mainly driven by efficiency gains, pricing and mix EBIT – Q3 in CHF million EBIT – YTD in CHF million 1) EBIT adj. EBIT adj. EBIT Operational Adjustments FX EBIT EBIT adj. EBIT adj. EBIT Operational Adjustments FX EBIT Q3 23 Q3 24 Q3 23 Q3 24 9M 23 9M 24 9M 23 9M 24 14.8
Slide 11: Net profit
Net profit Improving financial returns support net profit Net profit – Q3 in CHF million Net profit – YTD in CHF million 748 691 228 254 Q3 23 Q3 24 9M 23 9M 24 8.1% Margin 9.1% 8.1% Margin 8.9% 1.97 Earnings per share (CHF) 2.16 5.96 Earnings per share (CHF) 6.48 11 I © Schindler 2024 I We Elevate
Slide 12: Operating cash flow
Operating cash flow Improvement in cash flow in Q3; operating cash flow conversion normalizing Operating cash flow – Q3 in CHF million Operating cash flow – YTD in CHF million 12 I © Schindler 2024 I We Elevate I October 17, 2024 I Investor Relations
Slide 13: Planned share buyback program
Planned share buyback program Distributing capital whilst maintaining a strong balance sheet Capital allocation Planned share buyback program Portfolio growth Raised dividend payout ratio ▪ CHF 500 million share buyback Up to Sustainable modernization 270 Share buyback ▪ Up to solutions 2 years Mio.
Slide 14: On track to deliver on 2024 guidance
On track to deliver on 2024 guidance Outlook 2024: 11% EBIT reported margin Low single-digit revenue growth Tailwinds Headwinds ▪ Growing Service and Modernization markets ▪ Challenging NI market conditions ▪ Operational efficiency ▪ Wage inflation ▪ Pricing discipline ▪ Restructuring costs to exten
Slide 15: Agenda
Agenda 1. Key messages Silvio Napoli 2. Market outlook and order intake Paolo Compagna 3. Financial results and 2024 guidance Carla De Geyseleer 4. Q&A Silvio Napoli/Carla De Geyseleer/ Paolo Compagna 15 I © Schindler 2024 I We Elevate I October 17, 2024 I Investor Relations
Slide 16: Schindler order intake by region and product line – YTD
Schindler order intake by region and product line – YTD APAC YTD 24 vs. YTD 23 in units Americas EMEA China w/o China Global Service + + ++ ++ + Modernization (value) +++ ++ +++ – +++ New Installations ++ –– + – 0 to <5% + 0 to > –5% – 5% to 10% + + –5% to –10% –– >10% + + + < –10% ––– Stable Note:
Slide 17: Key Figures as of September 30, 2024 – July to September
Key Figures as of September 30, 2024 July to September (All values in MCHF, at variable rates) Q3 2024 Q3 2023 r% r% in LC Order intake 2 711 2 657 2.0 5.5 Revenue 2 788 2 812 –0.9 2.6 Operating profit (EBIT) 327 290 12.8 14.8 in % 11.7 10.3 Operating profit (EBIT), adjusted 350 1) 311 2) 12.5 14.8
Slide 18: Key Figures as of September 30, 2024 – January to September
Key Figures as of September 30, 2024 January to September (All values in MCHF, at variable rates) 9M 2024 9M 2023 r% r% in LC Order intake 8 479 8 595 –1.3 2.4 Revenue 8 381 8 534 –1.8 1.8 Operating profit (EBIT) 945 892 5.9 9.2 in % 11.3 10.5 Operating profit (EBIT), adjusted 987 1) 917 2) 7.6 10.9
Slide 19: Quarterly overview Key figures
Quarterly overview Key figures In CHF million 2024 2023 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Order intake 2 711 2 977 2 791 2 844 2 657 3 049 2 889 Revenue 2 788 2 920 2 673 2 960 2 812 2 926 2 796 Operating profit (EBIT) 327 326 292 296 290 320 282 in % 11.7 11.2 10.9 10.0 10.3 10.9 10.1 Operating profit (EBIT), a
Slide 20: Balance sheet
Balance sheet In CHF million 30.09.2024 in % 31.12.2023 in % 30.09.2023 in % Cash and cash equivalents 2 389 20.8 2 336 20.7 2 210 19.4 Other current assets 5 638 49.1 5 488 48.5 5 559 49.0 Total current assets 8 027 69.9 7 824 69.2 7 769 68.4 Non-current assets 3 464 30.1 3 484 30.8 3 595 31.6 Tota
Slide 21: Calendar 2024/2025
Calendar 2024/2025 2025 Full year results analyst and media conference February 12 Ordinary General Meeting Schindler Holding Ltd. March 25 Publication of key figures as of March 31 April 30 Publication of Interim Report as of June 30 July Publication of key figures as of September 30 October . Cont
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